Turkey Prices are Down . A Deadly Bird Flu Could Change That

Egg and turkey prices are down. But a deadly bird flu is still threatening poultry flocks, turkey in particular.

So while breakfast is likely to stay cheap, get ready for more expensive turkey sandwiches.

Last year, a highly pathogenic avian influenza (HPAI) devastated chicken flocks, with egg-laying hens bearing the brunt. The virus was one reason for the massive spike in egg prices. But this year, the virus got off to a slow start, allowing egg supplies to bounce back...

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Analysis: UK Beef Markets for Round Cuts Remain Seasonally Strong

Retail suppliers are beginning to see a slowdown in demand as wholesale buying for the holiday season subsides. While prime steaks continue to see brisk movements in the marketplace, they have lost some of the premiums we’ve seen in the last couple of weeks. Weakness was more prevalent on some fillets, ribs, and sirloins. PGI Chain off fillet traded at £27/Kilo on the top side of the market, down from the previous week’s £30/Kilo.

With the arrival of winter, markets for cold-weather cuts including topside...

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Dec 6 8:20 AM, Urner Barry



Impossible Foods to Drop Exclusive First Taste of Its Latest Innovation – Impossible™ Beef Hot Dogs – In New York City Pop-Up

The next-generation, plant-based franks – set to launch in restaurants and grocery stores next year – are taking over a classic New York hot dog stand on Saturday, December 16 for a special holiday preview

On Saturday, December 16, Impossible Foods will debut an exclusive sneak preview of its latest meat-from-plants innovation – all-new Impossible™ Beef Hot Dogs – available for one day only in New York City....

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Dec 6 8:19 AM, Urner Barry


World's First Fully Autonomous, AI-Powered Restaurant Opening in Southern California

Cali Group, a holding company using technology to transform the restaurant and retail industries, Miso Robotics, creator of Flippy (the world's first AI-powered robotic fry station), and PopID, a technology company simplifying ordering and payments using biometrics, announced today that they are soon opening CaliExpress by Flippy™, the world's first fully autonomous restaurant. Utilizing the most advanced systems in food technology, both grill and fry stations are fully automated, powered by proprietary leading-edge artificial intelligence and robotics. Guests will watch their food being cooked...

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Dec 6 8:10 AM, Urner Barry


Smithfield Foods to Terminate Grower Contracts With 26 Farms in Utah

In a press release issued Tuesday, Smithfield Foods announced it will terminate contracts with 26 hog farms in Utah amid challenging market conditions. 

The contract terminations will eliminate Smithfield positions that support contract farm relationships, said the company. The number of Smithfield positions eliminated may be up to one-third of the 210 currently employed in its Utah hog production operations. The company will offer relocation opportunities for the affected employees.  

Smithfield Foods is one of the world's leading vertically integrated protein companies and employs nearly 60,000 people in seven countries...

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Dec 6 6:55 AM, UB Newswires


The Retail Rundown: Season’s Eatings

Season’s gr-eatings! The holiday season of spending is underway, giving rise to retail sales and food purchases.

This year’s holiday spending has already made history. A record 200.4 million shoppers stepped out over the five-day Thanksgiving holiday weekend, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics.

Consumers shopped both online and in-store throughout the Thanksgiving weekend, with 121.4 million people visiting physical retail locations to browse and make in-store purchases—consistent with 2022. Online shoppers totaled 134.2 million, up by four million...

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Dec 6 6:09 AM, UB Newswires


Dine Brands Global, Inc. Announces Departure of Susan M. Collyns from its Board of Directors

Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar®, IHOP® and Fuzzy’s Taco Shop® restaurants, announced today that Susan M. Collyns (Sue) has made the decision to resign from the board, effective March 31, 2024, due to her newly appointed role as Chief Financial Officer of Fabletics, Inc.

“Sue’s contributions to Dine Brands and its Board of Directors over the past four years have been immeasurable...

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Dec 4 8:58 AM, Urner Barry


Pelleh Poultry Corp. Recalls Ready-To-Eat Beef and Poultry Products 

Pelleh Poultry Corp., a Swan Lake, N.Y. establishment, is recalling approximately 708 pounds of ready-to-eat (RTE) beef and poultry products that may be adulterated with Listeria monocytogenes, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The RTE beef and poultry products were packaged on various dates from October 25, 2023, through November 20, 2023. The list of products that are subject to the recall can be found here. The labels for the products subject to recall are available on the FSIS website...

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Dec 4 8:48 AM, Urner Barry


Cal-Maine Foods, Inc. Issues Statement on Jury Decision

Cal-Maine Foods, Inc. (NASDAQ: CALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today issued the following statement:

Approximately 20 years ago, United Egg Producers (UEP) responded to growing public demand to improve the overall treatment of egg laying hens by adopting the UEP animal-welfare certified program. The UEP certified program was based on the recommendations of an independent scientific advisory committee, developed as a scientifically sound, voluntary program, supported by consumers, customers and numerous trade...

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Dec 1 3:29 PM, Urner Barry


Dominique Bertolone Named President of Maggiano’s Little Italy, SVP of Brinker International

Casual dining restaurant brand Brinker International, which owns concepts Chili’s and Maggiano’s Little Italy, announced this week that they’ve appointed Dominique Bertolone to serve as one of their Senior Vice Presidents. In addition, Bertolone has also been named the President of Maggiano’s Little Italy.

“Dominique is the perfect leader to usher in the next wave of Maggiano's growth," said Kevin Hochman, Brinker International President and CEO. "His experience leading all types of foodservice concepts has direct application to accelerating the three Maggiano's channels of dine-in...

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Dec 1 11:29 AM, SeafoodNews


DoorDash Launches Annual 12 Day Holiday Savings Event

Whether you’re making your list or you’re checking it twice, DoorDash is the special ingredient for a joyful holiday season with Deck the Doorstep, twelve festive days of massive deals to help make holiday hosting and shopping more convenient than ever. From December 1st through December 12th, DoorDash users can look forward to limited-time discounts, daily deals, and exclusive DashPass offers from local and nationwide favorites featuring groceries, retail, and restaurants — all in one place.

During DoorDash’s annual savings event, people will be able to...

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Dec 1 9:42 AM, Urner Barry


U.S. Pork a High-Quality, Convenient Option for Consumers in Korea

USMEF is partnering with Korean retailers to develop and promote U.S. pork in new home meal replacement products.

Korean processors, retailers and restaurants are working aggressively to develop new ideas to satisfy the needs of fast-growing, single-person households in Korea, which now account for 41% of all households.

Consumer demand for quality and convenience is booming and USMEF is partnering with retailers to develop and promote new products with U.S. pork for as home meal replacement (HMR) options.

One such partnership has been an ongoing collaboration with...

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Dec 1 9:28 AM, Urner Barry


Sam’s Club to Open Two New Distribution Centers in St. Louis and Minneapolis Areas

Sam's Club®, a division of Walmart Inc. and a leading membership warehouse club, today announced plans to open two new distribution centers in early 2024 outside St. Louis and Minneapolis. The new facilities are part of a multi-year growth plan to transform the supply chain at Sam’s Club and evolve network and end-to-end capabilities. In addition to bringing new jobs to the areas, the new distribution centers will also give Sam’s Club members a better shopping experience witH...

 

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Dec 1 8:09 AM, Urner Barry


ANALYSIS: Turkey Cold Storage: Less Than What Meets the Eye

The recently released October 31 Cold Storage Report paints a familiar seasonal picture to much of the turkey complex. At the same time, the latest data illuminates the stark contrast between this year's inventory levels and the record lows realized back in 2022.

October’s closing tally reveals a total of 319.7 million pounds of turkey in public warehouses. When pitted against last year, frozen stocks rose by just shy of 13%. Conversely, outward monthly movement kept closely in line with seasonal expectations, dropping 24.1% below...

 

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Dec 1 8:00 AM, Urner Barry


Cracker Barrel Reports First Quarter Fiscal 2024 Results

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the first quarter of fiscal 2024 ended October 27, 2023.

First Quarter Fiscal 2024 Highlights

  • The Company reported first quarter total revenue of $823.8 million. Compared to the prior year first quarter, total revenue decreased 1.9%.
  • Comparable store restaurant sales decreased 0.5%, while comparable store retail sales decreased 8.1%.
  • GAAP operating income for the first quarter was $11.4 million, or 1.4% of total revenue, and adjusted1 operating income was $19.0...
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Dec 1 8:00 AM, Urner Barry


NCBA Secures Senate Introduction of Legislation to Protect Producers from Black Vultures

This week, the National Cattlemen’s Beef Association (NCBA) hailed the introduction of the Senate version of the Black Vulture Relief Act introduced by Sen. Markwayne Mullin (R-OK), a companion bill to legislation introduced in the House of Representatives earlier this year that protects cattle producers from the devastating impacts of black vulture depredation.

“Black vultures are particularly nasty predators, and their attacks can be financially devastating to small, family-owned cattle operations,” said NCBA Policy Division Chair Gene Copenhaver, a Virginia cattle producer...

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Nov 30 11:51 AM, Urner Barry


PODCAST: Episode 2 of Agri-Food for Thought Now Available!

Jamie and Simon are back with Episode 2 of the Agri-Food for Thought podcast. Listen now as they discuss food inflation and the consumer mindset during the 2023 holiday season. 

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Nov 30 11:23 AM, Urner Barry


QDOBA Completes Whole Business Securitization, Providing Additional Liquidity to Supercharge Growth

QDOBA Restaurant Corporation (“QDOBA”), the leading fast-casual Mexican restaurant franchisor and portfolio company of Butterfly Equity (“Butterfly”), today announced the closing of its inaugural $305 million whole business securitization through Qdoba Funding LLC.

The transaction optimizes QDOBA’s capital structure for ongoing growth and provides meaningful interest expense savings. Proceeds from the transaction will be used primarily to refinance QDOBA’s existing senior debt facilities and provide liquidity to invest meaningfully in general corporate initiatives, such as remodeling more than 80 corporate restaurants and adding digital menu boards to... 

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Nov 30 9:25 AM, Urner Barry


Travis Kelce Launches Travis Kelce's Kitchen, a Line of Game-Changing Refrigerated Entrees

Travis Kelce, one of the greatest tight ends of all time and a staple of the Kansas City Chiefs since 2013, is taking his love for Kansas City BBQ to a whole new level. With the launch of Travis Kelce's Kitchen, his own line of flavorful refrigerated entrees, Kelce aims to share his passion for great food, especially the hearty BBQ that Kansas City is famous for. This new line features seven of his favorite dishes inspired...

 

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Nov 30 8:35 AM, Urner Barry


It’s the Most Wonderful Time of the Year at The Fresh Market!

The Fresh Market is making prepping for the holidays easier than ever this year, with the specialty food retailer’s prepared holiday meals available now for pre-order, a special holiday print edition of The Fresh Market Magazine, and a holiday-themed shoppable livestream featuring brand ambassador, Chef Anna Rossi. 

Whether it's a festive feast with family and friends or a small gathering, The Fresh Market offers everything guests need to create memorable and delicious meals. To make holiday shopping even more convenient, The Fresh Market also...

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Nov 29 11:17 AM, Urner Barry


Tyson Foods Opens Innovative New Fully-Cooked Food Production Plant in Virginia to Drive Business 

Tyson Foods has officially opened a new $300 million fully-cooked food production facility in Danville, Virginia, delivering on its strategy of accelerating long-term growth, operating as efficiently as possible and investing in its poultry business. It is one of the company’s most-automated plants to date, marking the deployment of innovation pilots and prototypes at scale.

The 325,000-square-foot facility represents a significant investment in the local community and will produce approximately four million pounds of premium quality, fully-cooked poultry...

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Nov 29 10:29 AM, Urner Barry


Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2023

Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and twelve months ended September 30, 2023.

Robert P. Ingle II, Chairman of the Board, stated, “We are happy to report results for the quarter and year-end. We continue to thank our associates for the dedication and hard work they provide to serve our customers.”

Fourth Quarter Results

Net sales totaled $1.58 billion for the quarter ended September 30, 2023, compared with $1.45 billion for the quarter ended September 24, 2022...

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Nov 29 10:17 AM, Urner Barry


Global Growth Continues to Surge for Hooters, Announces Recent Mexico Development

Hooters®, the original American wing joint, expands its global presence as international development continues to surge. The legacy brand and industry leader recently opened four locations across Mexico, and just opened its newest location in Queretaro Antea this month. The iconic brand has made international growth a centerpiece of its overall growth strategy, with prime territories available overseas and in the United States.

Spearheading Hooters massive growth across Mexico is multi-unit franchisee, Hooters de Mexico led by Paolo Pagnozzi. The Queretaro Antea restaurant is the sixth...

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Nov 29 10:12 AM, Urner Barry


Sysco Launches One Planet. One Table.

Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, launched its One Planet. One Table. assortment, the foodservice industry’s largest offering of certified and sustainably focused products.

The Sysco One Planet. One Table. assortment includes over 3,000 items across 15 categories that are:

  • Backed by one of 20+ leading sustainability certifications and standards,
  • Included in Sysco’s sustainability commitments for seafood or fresh produce, or
  • Plant-based alternative proteins.

“At Sysco, we're taking action to protect the health of our one and only planet. We have a growing market of customers looking for more...

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Nov 29 9:50 AM, Urner Barry


Logan’s Roadhouse “Beefing” Up Holiday Offers For A Limited Time

Logan’s Roadhouse, the leading steakhouse known for its scratch-made rolls, mesquite grilled steaks, and ice-cold beer, is thrilled to announce the triumphant return of Prime Rib, just in time for the holiday season. Logan’s invites guests to indulge in a special Prime Rib experience that will be available exclusively on weekends from through February 18, 2024.

The Prime Rib special features a juicy 13 oz. prime rib, seasoned to perfection in Logan’s signature rub, and then masterfully slow-roasted for six hours and hand-carved to order. Logan’s...

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Nov 29 9:32 AM, Urner Barry


Publix Shuffles Leadership For The New Year

American supermarket chain Publix announced that they have shuffled their leadership ahead of the new year. Effective January 1, 2024, current CEO Todd Jones will transition to an Executive Chairman role. Meanwhile, President Kevin Murphy will be promoted to CEO and Senior Vice President John Goff will be promoted to President.

Jones is a long time employee at Publix, beginning as a front service clerk at the store’s New Smyrna Beach, Florida, location. He ultimately worked his way up to Store Manager in 1988...

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Nov 29 8:07 AM, Urner Barry


A Twist of Fate: Wendy's Unveils the New Pretzel Baconator

Wendy's® just dropped an epic gift for consumers this holiday season with a twist on the signature Baconator®. Now for a limited time, fans can unwrap the new Pretzel Baconator and experience the perfect harmony of Wendy's legendary Applewood smoked bacon topped with an irresistible, fan-favorite pretzel bun. The unique combination of flavors and textures creates a savory moment with every bite and is sure to elevate your tastebuds.

Savor the Twist
Bacon and warm pretzels make everything better – so why not bring them together...

Full Story »
Nov 29 8:03 AM, Urner Barry







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