May 25, 2018
Leading the headlines today is a focus on how the global
beef complex is looking strong. Production is up, consumption is up, and
prices are favorable. But is there more to this than meets the eye?
RaboResearch's latest Beef Quarterly report examines the outlook for the
global beef sector.
In other news,
Cargill announced that Mike Robach, Global Vice President of Food
Safety, Quality and Regulatory (FSQR), will be retiring on Aug. 1, after
nearly 15 years with Cargill. Post retirement, Robach will continue
his involvement with GFSI as Chairman of the Board through 2020 and will
continue to speak to food safety, quality and regulatory issues across
the industry. Sean Leighton, who has served as a food safety and quality
leader at Cargill since 2017, will assume the role of Global Vice
President of FSQR upon Robach's retirement.
Loyal fans of
breakfast can now celebrate early morning meetings, as the fast-food
giant recently announced plans to introduce a new catering service,
beginning at first in Orlando, Florida. The restaurant chain is using
Orlando as a testing ground before plans to expand to other cities.
Some executive appointments to announce include
Company announced that Douglas A. Hacker has been elected Lead
Independent Director by a unanimous vote of the board’s independent
directors, succeeding Timothy O’Donovan, who, along with Mickey
Foret, retired from the board.
Meanwhile, a new president has
been unveiled at poultry and prepared foods supplier Moy Park succeeding
Janet McCollum, who has led the business since 2014.
Pilgrim's Pride, which acquired Moy Park for $1.3bn last year, has
appointed Chris Kirke to the role. Kirke, who most recently led the US
division of Greencore Group, brings more than 26 years of food
industry experience, operational expertise, and a record of customer
engagement and business transformation in the UK and the US to Moy Park.
our weekly retail column reports that of the $1.5 billion in spending on
meat and seafood purchases for Memorial Day, as reported by
WalletHub, grocers are offering numerous discounts as they take
advantage of one of the biggest grilling occasions of the year. Let’s
take a look at how 2018 holiday protein features compare to Memorial Day
pricing a year ago:
Burgers are undoubtedly one of the top favorites
for Memorial Day grilling. And this year, consumers will find ad prices
on ground beef to be lower in many cases. 80% lean ground beef is
featured at $3.05 per lb. on average, down nearly 18% from Memorial Day
week last year. Leaner varieties are also lower year over year, with 93%
lean averaging $4.22, down from $5.00 per lb. in 2017.
Welcome to Foodmarket News!
Urner Barry is proud to offer you
Foodmarket.com. A Web site designed to provide you with the best
news coverage in the food industry.
day, readers are kept fully informed of the food industry's most timely,
relevant developments and market updates with stories presented in a
clear, concise manner. This enables you to make the most of your busy
day while remaining fully informed.
this authenticate your membership and provide you with all the benefits
associated with this service, but it expedites your login by storing
your information so that you do not have to enter it each time you
access the site.
If you are already registered, please
continue to enjoy uninterrupted access with your existing
username and password.
● Not registered yet? Please take a moment to
to continue access to all of Foodmarket's features.
By Linda Lindner
Copyright © 2018 Foodmarket.com
● 732-240-5330 ●