EU Pork Industry Faces ‘Nightmare’ if China Restricts Imports

Europe's pork industry faces a "nightmare scenario" of lower prices and falling profitability if China restricts imports from the region, industry executives and analysts said on Friday.

Chinese firms have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media reported on Friday, escalating tensions after the bloc imposed anti-subsidy duties on Chinese-made electric vehicles.

China imported $6 billion worth of pork, including offal, in 2023 and more than half came from the EU...

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Grupo Palacios, World’s Leading Producer of Spanish Omelets, Partners With Hen-Less Egg Pioneer EVER

Grupo Empresarial Palacios Alimentación (“Palacios”) – the world’s largest producer of string chorizo and Spanish omelets and Spain’s leading producer of frozen desserts – announced they have formalized a commercial agreement with The EVERY Company (“EVERY”), a trailblazer in crafting highly functional ingredients without the use of animals. This partnership marks a significant milestone for the food industry as Palacios will incorporate EVERY Egg™, the world's first chicken egg created without hens, into its flagship Spanish omelets and into the research and development of new products.

 

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Jun 17 3:19 PM, Urner Barry



DoorDash Announces Fifth-Annual Summer of DashPass Savings Event

DoorDash is kicking off its fifth year of Summer of DashPass with five savings-stuffed weeks featuring thousands of members-only discounts and exclusive offers. Whether it's food, flowers, grilling supplies or apparel, saving on thousands of national favorites and local stores has never been easier with DashPass, DoorDash's membership program that offers unlimited $0 delivery fees and reduced service fees on eligible orders, exclusive deals, and other members-only benefits.

Kicking off June 20th, enjoy summer steals from foodie favorites like Chipotle, Wendy's, and Starbucks...

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Jun 17 10:09 AM, Urner Barry


Shake Shack Names Stephanie Sentell as Chief Operations Officer

Shake Shack Inc. today announced that it has appointed Stephanie Sentell to the role of Chief Operations Officer, effective July 1, 2024. Stephanie is a seasoned restaurant executive and most recently served as Senior Vice President of Company Operations at Inspire Brands, where she oversaw the operations of more than 1,100 company-owned Arby’s restaurants and led 22,000 restaurant team members across the United States.

“I have known Stephanie for more than 10 years and she is one of the most dynamic and compassionate leaders that I have ever worked...

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Jun 17 9:56 AM, Urner Barry


Former Cisco Systems Technology Executive Appointed to Tyson Foods Board of Directors

Tyson Foods, Inc. today announced the appointment of Maria N. Martinez as a new independent director, effective June 10.

Martinez most recently served as Executive Vice President and Chief Operating Officer at Cisco Systems from 2021 until 2024 and previously held the role of Chief Customer Experience Officer. Prior to Cisco Systems, Martinez held executive positions at leading technology companies including Salesforce, Microsoft, Motorola and AT&T’s Bell Labs.

With extensive experience in operations and digital transformation, Martinez currently serves on the board of directors of McKesson, Computer...

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Jun 14 10:26 AM, Urner Barry


ANALYSIS: Shell Egg Market Stabilizes Following Four-Week Rally to Mid-June Record Highs

Thursday marked the conclusion of a four-week rally in the US shell-egg market, during which Urner Barry’s benchmark Midwest large quotation surged by 63.4%, reaching $2.68 per dozen, an unprecedented high for mid-June. This surge reflects robust retail demand outstripping constrained supply in an unseasonably strong market.

Traditionally, summer sees a dip in egg demand as seasonal preferences shift, but competitive everyday prices have been a strong lure for consumers grappling with inflation and tight budgets...

 

 

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Jun 14 9:37 AM, Urner Barry


Trade Barriers Removed from Exports of French and Irish Beef to Republic of Korea

French and Irish beef producers will once again be able to export beef to the Republic of Korea, thanks to the European Commission’s efforts to negotiate the removal of local restrictions on EU beef.

In a significant development for the European beef industry, the Republic of Korea has officially opened market access for beef from France and Ireland. This positive result follows consistent representations made by the Commission, including through direct outreach by Commission Executive Vice-President Valdis Dombrovskis...

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Jun 14 8:43 AM, Urner Barry


ANALYSIS: Chicken Export Volume Slips to 6-Year Seasonal Low

For those who have been following the broiler export data throughout the year, the latest figures are slow to challenge the status quo. However, April's reading did present some interesting developments worth noting. Total outward tonnage through month’s end floundered at about 530 thousand pounds. This represents the second-lowest seasonal level observed over the past decade. When compared with March, cumulative figures retreated by 5.1%, or 28.8 million pounds. This downturn keeps in line with an anticipated reduction in monthly movement of 9.4% on average over the past five...

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Jun 14 8:10 AM, Urner Barry


Hooters Launches Line of Frozen Appetizers and Snacks Featuring Iconic Boneless and Bone-In Chicken

For fans seeking Hooters at all hours of the day and night, the crave is over. For the first time ever, Hooters has introduced a line of frozen appetizers and snacks, allowing consumers to bring the iconic taste of Hooters home. Available at Publix Super Markets nationwide, these four new frozen products give fans the opportunity to have Hooters’ world-famous food at their fingertips.

Hooters has licensed an impressive selection of wing and boneless chicken styles to suit every taste, complete with Hooters’...

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Jun 14 8:00 AM, Urner Barry


ANALYSIS: Divergent Pricing Strategies for Mexican Export Short Loins

The Mexican export market has shown contrasting positions regarding the negotiation of short loin prices with the U.S. market. On one hand, some sellers have chosen to negotiate material at lower prices, responding to the historically seasonal decline in short loin prices starting in June and avoiding the risk of holding material that could depreciate even more in the future. On the other hand, there is an opposing stance that directly responds to current market trends. Observing the U.S. boxed beef market, short loin prices have shown a...

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Jun 14 8:00 AM, Urner Barry


CKE Restaurants Appoints First Chief Technology & Growth Officer for Carl's Jr. and Hardee's

CKE Restaurants Holdings, Inc. (CKE), parent company of Carl's Jr.® and Hardee's®, is announcing the appointment of Justin Falciola as chief technology & growth officer for both brands.

Improving the guest and team experience through technology and digital solutions has been a priority for Carl's Jr. and Hardee's, with a focus on digital platforms and capabilities. In this new role, Justin Falciola will align business goals with information technology, digital strategy and operations, as well as guide the implementation of new technologies and support the digital...

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Jun 13 1:51 PM, Urner Barry


Hard Rock Cafe's World Burger Tour Competition Lets Guests Try Five New, Culturally Inspired Burgers 

Starting tomorrow, in honor of Hard Rock International Founders' Day, Hard Rock Cafe® locations around the world will debut five locally developed, culturally inspired burgers on the menu for the limited-time return of the World Burger Tour competition. Things are heating up this summer at Hard Rock Cafes where guests can enjoy:

  • Bengaluru Burger: 7 oz steak burger, American cheese, sweet & spicy pickled mayo, black bean corn salsa, roasted jalapeno, guacamole, shredded lettuce - a creation of Hard Rock Cafe Bengaluru, India...
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Jun 13 1:40 PM, Urner Barry


Bonneval Foods, LLC Recalls Barbecue Pork Skin Product Due To Misbranding And Undeclared Allergens

Bonneval Foods, LLC, a Gonzales, La. establishment, is recalling all barbecue pork skin product that is currently available in commerce due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The product contains wheat and soy, known allergens, that are not declared on the product label.

The following product is subject to recall [view labels]:

1.7-oz. plastic bags containing “BONNEVAL’S BBQ Pork Skins”. All product available in retail or in consumer’s...

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Jun 13 10:42 AM, Urner Barry


FSIS Issues Public Health Alert For Not-Ready-To-Eat Pork And Beef Bacon Products

The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for not-ready-to-eat pork and beef bacon products due to levels of sodium nitrite that exceed the regulatory limit. FSIS is issuing this public health alert to ensure that consumers are aware that this product should not be consumed. A recall was not requested because the affected product is no longer available for purchase.

The dry cured pork and beef bacon items were...

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Jun 13 10:30 AM, Urner Barry


ANALYSIS: Turkey Export Volume Expands MoM Stride

By most accounts, April marked the continuation of a general improvement in year-over-year (YoY) turkey export throughput which has been playing out since June of 2023. Total holdings through month’s end touched on about 40.9 million pounds which marks an 18.5% YoY advance. Despite this significant leap, April’s ending tally is still positioned 2.3 million pounds shy of the seasonal 5-year average. As for the comparative monthly data, total outward volume during the month rose by 11.3%. This uptick is a stark contrast to the average 4.9% reduction observed...

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Jun 13 8:00 AM, Urner Barry


Tyson® Brand Introduces New Honey Chicken Bites and Restaurant Style Crispy Wings

Tyson® brand is excited to announce its newest retail offerings: Honey Chicken Bites and Restaurant Style Crispy Wings. These flavorful, protein-packed products promise to satisfy refined tastes and simplify mealtime, making them perfect for summer entertaining. Tyson Honey Chicken Bites and Restaurant Style Crispy Wings are now available at select retailers.

Honey Chicken Bites Elevate Taste to New Heights

Tyson Honey Chicken Bites deliver an explosion of flavor with every bite and contain 14g of protein per serving...

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Jun 13 7:28 AM, Urner Barry


HPAI H5N1 Virus in Dairy Cattle – What We Know

In March 2024, Highly Pathogenic Avian Influenza (HPAI) A (H5N1), commonly referred to as bird flu, was confirmed in domestic U.S. livestock for the first time in a dairy operation in Texas. Since then, the virus has spread to 36 dairy operations across nine states, raising widespread uncertainty throughout the dairy and livestock markets. Industry participants have raised concerns about the outbreak's potential impact on consumer perception and demand for dairy and meat products, though government agencies reiterate that the national food supply remains safe. Urner Barry is closely monitoring the situation...

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Jun 13 6:15 AM, UB Newswires


US Consumer Prices Flat in May, Defying Expectations for Slight Rise

U.S. consumer prices were unexpectedly unchanged in May amid cheaper gasoline, but inflation likely remains too high for the Federal Reserve to start cutting interest rates before September against the backdrop of a persistently strong labor market.

The unchanged reading in the consumer price index reported by the Labor Department's Bureau of Labor Statistics on Wednesday followed a 0.3% increase in April.

The CPI has been trending lower since posting solid readings in February and March. Price pressures could continue moderating as...

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Jun 12 9:38 AM, Urner Barry


The Retail Rundown: Raising the 'Steaks' for Father’s Day

The Memorial Day and July 4th holidays are popular burger occasions, whereas Father’s Day is typically geared toward steak consumption. Fittingly, grocers have upped the feature volume for steaks ahead of the upcoming holiday weekend.

Steaks currently make up 43.3% of total retail buying opportunities within the beef complex, up from 37.7% the week prior. Ground beef ads also saw a week-over-week advance, now holding 35.3% of beef’s total retail activity. Feature activity for roasts has eased as fewer households utilize their ovens during the hotter weather.

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Jun 12 8:35 AM, UB Newswires


ANALYSIS: Grilling Season Heats Up as CAB Bone-In Strip Prices Reach Year-High

As we head towards Father’s Day weekend, the Certified Angus Beef® market has witnessed some uplift around many of the cuts that are favorites during grilling season. The bone-in 1x1 shells are no exception. Since about mid-April, bone-in strips have witnessed a steady climb and have even surpassed levels seen this time of year. From April 22, prices have jumped by 17% in what has developed into a more traditional spring run-up...

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Jun 12 8:00 AM, Urner Barry


Perdue Farms Announces Perry Aulie as President of Perdue AgriBusiness

Perdue Farms, a fourth-generation, family-owned U.S. food and agricultural company, is pleased to announce the appointment of Perry Aulie as President of Perdue AgriBusiness, effective July 1, 2024. Aulie succeeds Scott Fredericksen, who is retiring from the Maryland-based company.

Aulie, currently the Senior Vice President of Value-Added Products, has been with Perdue AgriBusiness since 2019. Under his leadership, the Value-Added Business has seen sales triple over the past four years, driven by his innovative approach and commitment to addressing the dual challenges of climate...

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Jun 12 8:00 AM, Urner Barry


Jack in the Box Announces First-Ever Entry into Georgia

Jack in the Box Inc., a leading franchisor in the quick-service restaurant industry, today announced a significant development agreement to open 15 new Jack in the Box locations throughout Georgia. This expansion marks the Company's entry into the Peach State and signifies continued dynamic growth for the brand in the Southeastern United States.

“This new franchise commitment represents a significant step forward in our strategic expansion across the Southeastern United States,” said Tim Linderman, chief development officer. “With the addition...

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Jun 11 3:06 PM, Urner Barry


ADM Animal Nutrition Further Expands Recall of Feed Products

Archer Daniels Midland's animal feed unit expanded Monday a previously announced recall of products to include 67 new lots.

ADM Animal Nutrition's recall was announced on March 30 and expanded on April 11, and covered chicken, swine and rabbit feed products. The latest expansion includes feed products for horses, lambs, goats, cattle and llamas.

The lots may contain elevated levels of magnesium, sodium, calcium, chloride and/or phosphorus and may harm cattle, chickens, swine, goats, and other animals, the company said. ADM said no illnesses have been reported to date...

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Jun 11 9:55 AM, Urner Barry


April Pork Exports Largest in Nearly Three Years; Beef Exports Also Trend Higher

April exports of U.S. pork reached the highest volume and value since May 2021, according to data released by USDA and compiled by USMEF. It was also a robust month for U.S. beef exports, which were the largest in 10 months and valued at just under $900 million.

Fueled by a record performance in leading market Mexico, pork exports totaled 277,910 metric tons (mt) in April, up 14% from a year ago and the fifth largest on record. Export value climbed 18% to $778.8 million

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Jun 11 8:43 AM, Urner Barry


FSIS Issues Public Health Alert For Southwestern Style Salad Bowls With Chicken 

The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for a salad product labeled as Bistro Grande Southwestern Style with Chicken due to misbranding and undeclared allergens. The salad product labeled as Southwestern Style with Chicken may actually contain Chicken Caesar Salad containing wheat and fish (anchovies), known allergens, which are not declared on the product label. FSIS is issuing this public health alert to ensure that consumers with allergies to wheat and fish are aware that this product...

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Jun 11 8:37 AM, Urner Barry


HelloFresh Teams Up with Colavita to Introduce New Ciao, Italia Menu 

HelloFresh, the world’s leading meal kit company, has teamed up with Colavita, the family-owned premium Italian specialty products company, to introduce a new limited-time recipe series, Ciao, Italia. Boasting authentic Italian flavors and fresh, specialty ingredients, each recipe is inspired by a region of Italy and is perfect for those looking to take a trip to Italy without leaving the comfort of their kitchen. In fact, recent survey data revealed* that while more than half (53%) of Americans expressed interest in traveling to an international locale...

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Jun 11 8:00 AM, Urner Barry


ANALYSIS: The Domino Effect, Herd Reduction Impacts Beef Markets

As we begin to work through the back half of the year, there have been quite a few interesting trends to unfold through the first 6 months within the boxed beef markets. It is no secret that the U.S. beef herd has been in a contraction phase for some time within both the fed and non-fed sectors of the beef market. This has become most evident when you look at cow & bull slaughter figures year-to-date, which are down nearly 10% already...

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Jun 11 8:00 AM, Urner Barry


PODCAST: Agri-Food for Thought Ep 10 - Bird Flu: The Saga Continues

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Jun 11 8:00 AM, Urner Barry


ANALYSIS: Strong Market for Yolk Leads to Over-Production of Whites in the EU

Historically, in the EU, egg white and yolk prices have behaved rather independently. However, since September 2023, brisk demand for yolk has yielded more whites than producers can find an outlet for, which slightly impacted both market prices.

In the last three years, the price of liquid egg white has been following the same trend as egg white powder. Due to post-COVID inflation, severe HPAI outbreaks, and the invasion of Ukraine, the costs of feed, shell eggs, and energy in the EU surged...

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Jun 11 8:00 AM, Urner Barry


KFC Adds Honey BBQ Saucy Nuggeys to the Lineup, Plus More Deals for Everyone, Every Day of the Week

KFC is making it a saucy summer with a new roster of its popular KFC Saucy Nuggets and wallet-friendly everyday deals (all available starting today).

KFC's popular saucy nuggets are getting a shakeup just in time for summer! Based on consumer feedback, KFC selected this season's sauces, keeping two fan-favorites, Korean BBQ and Honey Sriracha Saucy Nuggets. Joining the summer sauce line-up is Honey BBQ, a KFC fan-favorite that will be sauced on KFC Nuggets for the...

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Jun 10 4:06 PM, Urner Barry


FSIS Issues Public Health Alert for Frozen Ready-To-Eat Bao Curry Chicken Products 

The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for product labeled as bao Thai-style curry chicken due to misbranding and undeclared allergens. The product labeled as bao curry chicken may actually contain teriyaki chicken bao products, which contain soy and sesame, known allergens, which are not declared on the product label. FSIS is issuing this public health alert to ensure that consumers with allergies to soy and sesame are aware that this product should not be...

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Jun 10 9:28 AM, Urner Barry


Highly Pathogenic Avian Influenza Detected in Wyoming Dairy Herd

The Wyoming Livestock Board (WLSB) and the Wyoming Department of Agriculture (WDA) have received confirmation from the United States Department of Agriculture’s (USDA) National Veterinary Services Laboratory (NVSL) of the detection of highly pathogenic avian influenza (HPAI) in a dairy cattle herd in Wyoming. The detection was first identified in samples received by the Wyoming State Veterinary Laboratory. This is the first confirmed case of HPAI in a dairy farm in Wyoming.

The Wyoming Livestock Board (WLSB) and the Wyoming Department of Agriculture (WDA) have received confirmation...

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Jun 10 8:55 AM, Urner Barry


Meijer Makes Healthy Foods More Accessible for SNAP Participants

As part of its ongoing commitment to expand access to healthy foods, Midwest retailer Meijer is now accepting the use of Supplemental Nutrition Assistance Program (SNAP) benefits on its Meijer app, providing a more convenient option for customers to pay for groceries like fresh produce and milk.

The new payment capability was unveiled across all of its Midwest stores last week, enabling SNAP participants to pay for their Meijer app orders using an Electronic Benefits Transfer (EBT) card. The enhancement represents the latest way Meijer is increasing access to healthy...

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Jun 10 8:00 AM, Urner Barry







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