FARM BUSINESS NEWS
Thu Aug 28, 2014 06:30 AM CDT

(Dow Jones) -- Tyson Foods Inc. agreed to sell a small hog-processing division to resolve antitrust concerns by the U.S. Department of Justice over its planned $7.7 billion acquisition of Hillshire Brands Co.

Under the settlement, Tyson will sell Heinold Hog Markets, a unit that purchases and resells sows, or female breeding hogs, to sausage makers. The division accounted for less than 1% of Tyson's roughly $34 billion in revenue last year, making the divestiture a small price to pay to complete the meat industry's biggest-ever deal.

The settlement follows criticism of Tyson's planned acquisition of Hillshire, announced in June, ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, a community of Arkansas farmers have successfully banded togethe...
  • Market News AgriClear is not an auction, but an online digital sales floor where buyers and sellers negotiate...
  • UAS Research Takes Off Key members of the House and Senate last week praised the Federal Aviation Administration for sel...
  • "Total Market Isn't Dead" Used equipment inventories are escalating.
  • Rain, Rain, Go Away Waterlogged and flooded fields in much of the Midwest are putting corn and soybean fields at risk...
  • Feds to Examine Biotech Rules In a memo to USDA, FDA and EPA, the White House stated that a review of biotech regulations was n...
  • Evolution of Farm Kid Jobs DTN Staff Reporter Russ Quinn reflects on the farm activities of his youth that his children will...
  • IARC: Possible 2,4-D Cancer Link The International Agency for Research on Cancer has classified the herbicide 2,4-D as possibly ca...
  • Ask the Vet How do I know what minerals my cows need and how much?
Related News Stories
Market Matters
Ag Interest Rate Snapshot
Minding Ag's Business
Minding Ag's Business
Minding Ag's Business
Monsanto Earnings Rise
Minding Ag's Business
Labor Pains - 1