February 23, 2018
The news today opens reporting that
Mills agreed to buy Blue Buffalo Pet Products Inc. for about $8 billion,
adding the maker of natural dog and cat food to a portfolio that
includes Haagen-Dazs ice cream and Cheerios cereal. The
Minneapolis-based company plans to pay $40 a share for Blue Buffalo,
which sells “antioxidant-rich” dog nutrition and walnut-based kitty
litter, the companies said in a statement Friday. The deal comes as
global food giants snap up makers of natural and organic products, which
are outpacing mainstream brands in growth.
In other news,
Farms has implemented a controlled atmospheric stunning (CAS) system at
its Milford, Delaware, processing facility as part of a move toward
more humane methods of slaughter. The Milton facility is the country’s
largest organic poultry plant, processing 1.2 million chickens per week.
A number of trade agreements, such as
the Trans-Pacific Partnership (TPP) and a proposed Mercosur/EU trade
agreement, look set to start having an impact on global beef trade in
2018. At the same time, applications of blockchain technology are
now being widely developed in the food industry, with opportunities to
realise benefits further up the supply chain growing, according to the
RaboResearch Beef Quarterly Q1 2018.
U.S. burger chain
on Wednesday missed Wall Street estimates for same-restaurant sales in
North America as fewer customers visited its outlets amid intense
competition with bigger rivals such as McDonald’s Corp. The sales
miss comes despite Wendy’s more diverse “4 for $4” value menu, which had
helped the burger chain’s sales gain in the past few quarters.
Grocery Co. (BGC) and Southeastern Grocers (SEG) on Thursday announced
they have entered into an agreement under which BGC will acquire eight
Winn-Dixie stores from SEG in New Roads, Breaux Bridge, Franklin,
New Iberia, Abbeville, Crowley, Rayne and Eunice, all in South
Louisiana. The stores will become part of BGC’s Super 1 Foods banner.
Foods announced a change in its water usage procedures for
chickenhouses, tapping into an Eastern Shore aquifer that has a higher
replenishment rate than the source that provides most of the Eastern
Shore of Virginia’s drinking water. The announcement follows a
growing debate over the impact of chickenhouses on the Shore’s drinking
retail column looks at how so far in 2018, Urner Barry’s Weekly Retail
Feature Beef Index is closely following patterns established over the
past few years. The weekly index has been modestly under the 3-year
average 6 out of 8 weeks this year. The roast complex has also been
following a similar track, and has spent equal amounts of time above and
below the 3-year average so far. The weekly average for the retail roast
feature complex is $4.98 per lb. The weekly average for retail steaks is
currently $7.82 per lb., up 8% from the 3-year average. The steak
complex has been featured lower than the 3-year average 5 out of 8 weeks
so far in 2018.
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 ●