November 21, 2017
Headlining the news today is
Hormel Foods announcing full year and fourth quarter results, while
providing guidance for fiscal 2018.The company continues to make
progress towards its key strategic initiatives for the upcoming year.
cheaper turkey dinner shows price war is still raging. The grocery
price war -- and the tricky situation it’s created for food retailers --
is on full display this Thanksgiving season. The price of a basket of
Thanksgiving items, including a 12-pound turkey, is down 6.7 percent at
Wal-Mart Stores Inc. this year, according to a report from Bloomberg
a battle over
beef between the European Union and Argentina and Brazil could push trade
talks beyond a year-end deadline and lead to further years of delay.
But it is not clear the end-2017 deadline for a deal to set out how each
market will open to the other - from EU cars and machinery to South
American farm products - will be met.
Back in the states,
accepts invitation to expand chicken production in western Tennessee.
New operation to meet strong demand for chicken and expected to create
more than 1,500 jobs. Tyson Foods, Inc. (NYSE: TSN) has accepted the
invitation of city, county and state leaders to build a new chicken
production complex in the City of Humboldt, which is part of Gibson County
in western Tennessee The announcement was made this morning at a news
conference hosted by Tennessee, Humboldt and Gibson County officials.
Foods Corporation (NYSE: HRL) today announced that its specialty foods
segment has been merged into its grocery products segment and will
continue to be led by Luis Marconi, group vice president, Grocery
Products. The primary focus of the segment is on delivering a strong
branded portfolio of leading products to the evolving retail environment
of food, drug, mass, club and E-commerce.
signs multi-unit development deal in Kentucky. Taco John’s and its
iconic Potato Olés® is coming to central Kentucky. The rapidly growing
Mexican quick-service brand is bringing its fresh ingredients and bold
flavors to at least 12 new locations.
One in ten
adults are planning to eat their Thanksgiving meal at a restaurant this
year, according to a new survey from the National Restaurant Association.
Many consumers are also planning to use restaurant-prepared food to
supplement their Thanksgiving meal at home. Of the respondents who said
they plan to eat a Thanksgiving meal at either their home or someone
else’s home, more than one in 10 said they plan to pick up parts of the
meal (9 percent) or all of the meal (4 percent) from a restaurant.
FSIS issues public health alert for poultry products produced without
benefit of import inspection. The U.S. Department of Agriculture’s
Food Safety and Inspection Service (FSIS) is issuing a public health alert
to inform consumers that approximately 6,907 pounds of chicken products
produced by Productos Dany, Inc., a Hatillo P.R. establishment, may
contain products that have been recalled because they contain previously
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