April 24, 2018
Leading the news is word that
Brands International Inc’s first-quarter profit topped analysts’ estimates
on Tuesday, vindicating the company’s strategy of cheaper meals and more
breakfast options at the Burger King chain. The company, which is
striving to better compete with McDonald’s Corp and Yum Brands Inc’s KFC,
said same-store sales at Burger King rose 3.8 percent in the three months
ended March 31, under its new accounting standards.
In other news,
Mountaire Farm employees watched and waited as crews worked around the
clock to contain a fire that broke out at Mountaire's Chicken Plant in
Selbyville. Officials say when they arrived at the plant around 3:40
Monday afternoon, fire and heavy black smoke were coming out of the
building. More than eight different fire departments responded to the
blaze, and were quickly able to get the fire under control.
Elsewhere, uncertainty in global markets – due to disease risk, trade
disputes, and feed availability – will create opportunities and challenges
for the pork industry in the coming months.
That was the key message of the latest global Pork Quarterly, published by
RaboResearch, part of Rabobank. In a press release, it was explained
that impacts of the China/US trade dispute will distort markets and weigh
on pork values in North America, while creating some potential upside for
producers in Asia, Europe, and South America.
is reportedly close to finalizing a deal to buy a majority stake in
India’s leading e-commerce company for at least $12 billion and may
complete the agreement in the next two weeks, according to people familiar
with the matter. All the major investors in Flipkart Online Services Pvt
are now on board with the Walmart purchase, after an earlier debate over
an Amazon.com Inc. acquisition, said the people, asking not to be named
because the matter is private.
retail corporation said is ready to use Blockchain technology in its live
food business, Bloomberg reported April 23. Yiannas said that
Blockchain was able to shorten the time it took to track produce from six
days to two seconds. Walmart is getting suppliers to put food on a
Blockchain, which it says will reduce waste, as well as improve
contamination management and transparency.
looking for alternatives
to antibiotics to keep poultry healthy will have a state-of-the-art
facility for their work, thanks to a $150,000 donation from Cargill,
as part of the company’s focus on safely, responsibly and sustainably
producing food. The 4,200-square foot facility will be located on the
University of Arkansas System Division of Agriculture farm north of the
Fayetteville campus. The facility will be named the Cargill Poultry
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