Wendy’s Unveils “Project Fresh” to Drive Growth and Elevate Brand Value
Looking to enhance its brand after a disappointing valuation, The Wendy's Company has unveiled Project Fresh. According to the Board of Directors, this strategic plan is designed to accelerate profitability and enhance shareholder value.
"Wendy's Board of Directors and management team are dissatisfied with the current valuation of the Company and have been working to put the Company on the right path to create value for our franchisees, employees and shareholders," said Chairman of the Board, Art Winkleblack. "Execution is underway and we are confident that Project F
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Expana will be observing the Indigenous Peoples’ Day holiday on Monday, October 13
Expana is observing Indigenous Peoples’ Day on Monday, October 13, and US offices will be closed.
This will impact the publication of some Expana Benchmark Prices and daily reports (red meat, poultry, eggs) will not be published. Our weekly report, Mexican Beef, Export and Domestic Markets, was published today- Friday, October 10.
Our regular publishing schedule will resume on October 14, 2025. See the full details of the Expana publishing schedule here.
ANALYSIS: Cage-Free Market Steadies as Retail and Bird Flu Spur Renewed Buying
The cage-free market has held steady this week, though underlying momentum has begun to build following improved retail demand and renewed bird-flu detections that prompted a return of buyer engagement...
TGI Fridays Supports TSA and Air Traffic Control Workers with Complimentary Meals During Shutdown
TGI Fridays is dedicated to providing nutritious meals to TSA and air traffic control workers during the temporary government shutdown.
Eligible employees with, valid ID, can enjoy a complimentary meal per day from October 9 to October 23, while supplies last, or until the shutdown is lifted, from a specially curated menu.
The menu features favorites like the Cheeseburger with fries, Chicken Fingers with fries, Crispy or Grilled Chicken Sandwich with fries, or Chicken Caesar Salad. This offer is valid at all locations...
ANALYSIS: Turkey Processing Hits New Seasonal Low as Prices Soar to Record Highs
In June and July, the turkey industry had a couple of months of relief from the seasonal all-time low numbers of turkeys being processed since August of last year. However, the headcount processed this August fell 4.1% below last year, once again marking a new seasonal low. This isn’t necessarily surprising considering that four months prior, net poult placements were 3.9% lower year-over-year (YOY). Additionally, just over 55,000 turkeys were lost at the end of August...
ANALYSIS: YTD Retail Ground Chuck Sale Volumes Fall YOY While Dollar Value Ticks Up
So far in 2025, ground chuck sales have reached over $755M with total transactions around 135 M units. Compared to 2024, the sum of total sales is up by $11M (+1.54%). This can in part be explained by rising input costs on the wholesale market. This has pushed retail prices higher now sitting at a record high of $6.63/lb. Year-over-year (YOY) this is an increase of...
Four September Storms Batter Farms, Fields Across Philippines, Vietnam, and South China
Four storms — Typhoons Ragasa (Nando) and Bualoi (Opong) and Tropical Storm Mitag (Mirasol) in the Philippine Sea, and Typhoon Tapah (Lannie) in the South China Sea — swept through the region in September, damaging rice, corn, coconut, and strawberry crops, as well as fish and livestock farms, while disrupting supply chains and transport routes, said Demelza Knight, Weather and Crop Researcher at Expana.
Knight highlighted that Typhoon Ragasa, the strongest of the storms, formed in the Philippine Sea on September 18
The Retail Rundown: Strategic Promotions Boost October Protein Opportunities
October offers a strategic window for retailers to tap into increased consumer demand for protein, thanks to the alignment of seasonal supply, promotional campaigns, and competitive pricing.
National Pork Month, observed this month, coincides with a peak in pork production—averaging about 2.5 billion pounds over the past five years, up nearly 9% from September.
This seasonal surplus enables retailers to run targeted promotions that pair attractive pricing with educational content, driving both consumer engagement and sales...
Vertical Cold Storage's Strategic Expansion with First Customs Bonded Warehouse
In today's global trade environment, customs bonded warehousing has become increasingly appealing to businesses seeking financial flexibility.
Tariffs can significantly inflate costs, but by deferring duties until products are sold in the US market or re-exported, companies can optimize cash flow and gain strategic operational advantages.
Vertical Cold Storage, a leader in cold storage and logistics for the food and beverage industry, is marking an achievement with the full licensing of its first customs bonded warehouse.
The company strategically chose to expand at its...
ANALYSIS: Uruguay’s Beef Exports Down 9.4% MOM in September to 29,369 mt
According to the latest data released by Uruguay’s National Customs Directorate, fresh beef exports dropped 9.4% MOM to 29,369 metric tons (mt) in September. Compared to the same period last year, this is still 14.1% higher.
China continued to play a significant role as the main destination with 45.4% of total shipments in September, or 13,337 mt. This is 9.0% lower than August but reflects a notable 30.2% growth YOY. On a year-to-year basis, beef exports to the Asian country accounted for 116,187 mt so far this year, a 4.9% growth compared to the same period in 2024...
New Report From FMI Reveals a Significant Shift in Consumer Dining Habits
A new report from The Food Industry Association (FMI) uncovers a significant shift in dining habits.
The study shows that consumers are increasingly choosing deli-prepared foods in place of restaurant meals.
The Power of Foodservice at Retail 2025 examines the factors influencing consumer motivation for choosing deli-prepared options, offering insights from the consumer's perspective on foodservice at retail.
Data from the report revealed that 53% of Americans now take a hybrid approach to creating meals; combining deli-prepared options with other items...
2025 Industry Insights on Consumer Resilience and Holiday Shopping Trends From ICSC
In 2025, the world continues to navigate challenges like the fluctuating job market, food inflation, politics and tariffs.
Amid these uncertainties, the International Council of Shopping Centers (ICSC) is dedicated to supporting and enhancing marketplaces where people shop, dine, work, play, and gather, viewing them as vital to both communities and economies.
The company has released its 2025 Holiday Shopping Intentions survey, highlighting consumer resilience in seeking value and experiences despite individual financial obstacles.
The survey indicates an anticipated 3.5-4% growth in retail...
Campbell's Names Todd Cunfer as New Executive VP and CFO
Campbell's has appointed a new Executive Vice President and Chief Financial Officer following the resignation of Carrie Anderson.
The company welcomed Todd Cunfer to his new position in an announcement Tuesday, effective October 20, 2025.
Cunfer will oversee Campbell’s finance functions, including controllership, corporate financial planning and analysis, corporate strategy and development, tax, treasury, internal audit, investor relations, transactional services, and financial systems.
He is a seasoned industry executive with more than 25 years of experience in the consumer packaged goods industry...
ANALYSIS: Brazil’s Fresh Beef Exports Set a New Record at 314,690 mt in September 2025
According to the latest data released by Brazil’s Ministry of Development, Industry, Trade, and Services, Brazilian beef exports totaled 314,690 mt in September, reflecting a 17.2% monthly growth and a 25% increase year-over-year (YOY). This figure surpassed the previous record of 276,879 mt achieved two months ago...
Arby’s Debuts Steak Nuggets for a Limited-Time
Today, amidst the overwhelming popularity of chicken options in food service, Arby's is betting on its latest innovation.
True to its slogan, "We Have the Meats," the company has launched steak nuggets for a limited time.
“Who doesn’t love tender and savory steak? But, until now, it’s been inconvenient to eat, particularly on the go,” said Jeff Baker, Chief Marketing Officer at Arby’s. “That’s why we created this new innovative product. Two of America’s favorite foods – nuggets and steak – combined to create Arby’s Steak Nuggets. No knife needed, fork...
ANALYSIS: Australia’s Q3 2025 Beef Exports Soar 16.2% YOY on China-Led Surge
Australia’s beef exports in Q3 2025 surged 16.2% year-on-year (YOY) to 425,016 metric tons (mt), data from the Department of Agriculture, Fisheries and Forestry (D.A.F.F.) showed.
Exports expanded by 59,176 mt in the third quarter as Australia capitalized on global supply gaps and tariff-driven realignments in key markets.
China led the quarterly growth, with volumes climbing 55.6% or 26,431 mt as buyers turned to Australian beef to replace grain-fed US product following punitive tariffs and delayed import license renewals since April...
Expana Announces Agri-Food Europe 2026: The Industry Event for Market and Procurement Strategy
Expana, the world’s largest food and agriculture price reporting agency (PRA) and market intelligence provider, announces the return of Agri-Food Europe, taking place February, 25-26, 2026, at the Hotel Okura in Amsterdam.
Building on a successful 2025 edition that united over 300 senior executives across buying, selling, finance, sourcing, and supply chain roles, Agri-Food Europe 2026 stands as the strategic industry event for global leaders in the food and agriculture commodity markets.
The event delivers two days of critical market insight
FSIS Issues Public Health Alert For Ready-To-Eat Meals That May Be Contaminated With Listeria
The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for FSIS-inspected ready-to-eat meals produced by FreshRealm containing a Food and Drug Administration (FDA) regulated ingredient, specifically spinach, that may be contaminated with Listeria monocytogenes (Lm).
FSIS expects additional affected products to be identified and will update this public health alert as more information becomes available. Consumers should check back frequently.
The following products are subject to the...
Navigating the Trump Tariff Turbulence: A Comprehensive Timeline
US President Donald Trump and his administration have paused reciprocal tariffs on most countries.
“Based on the lack of respect that China has shown... I am hereby raising the [tariff] charged to China by the [USA] to 125%, effective immediately,” wrote Trump on Truth Social at 1:18 pm ET.
It’s not clear if this 125% is in addition to the 20% imposed on Chinese imports to the US. In early March, Trump noted that he would add another 10% tariff on Chinese goods...
Seafood Chain Long John Silver's Swaps Iconic Fish for Chicken in New Logo
Long John Silver’s, a long-time seafood chain, has moved chicken to the front and center.
The company revealed a new logo that replaces its signature fish logo with a chicken and features a new “CHICKEN + SEAFOOD" lock-up.
The new redesign will be rolled out across its digital platforms and will be unveiled further on the Long John Silver's Front Row Motorsports car during the South Point 400.
"Guests have been telling us for years that our chicken is a best-kept secret...
Trump Teases Lula Meeting; Implications for Global Beef, Coffee Markets
On October 6, US President Trump teased an upcoming meeting with the Brazilian President via Truth Social. The current tariff expense for doing trade between the two countries has reorganized the flow of beef and stifled coffee trade, for example. Individuals involved in these markets and beyond are waiting to see if US tariffs on Brazil will be revised.
“This morning, I had a very good telephone call with President Lula, of Brazil. We discussed many things, but it was mostly focused on the Economy, and Trade, between..."
StoneX and Expana to Launch OTC Dairy Derivatives
StoneX Financial Europe GmbH (“SFEG”), a subsidiary of StoneX Group Inc. (“StoneX”; NASDAQ: SNEX), has announced a collaboration with Expana to launch a new suite of OTC dairy derivatives referencing Expana’s IOSCO-assured EU dairy benchmarks. The partnership expands the range of risk management tools available to the global dairy industry and enhances price transparency.
The first contracts will cover fat-filled milk powder and high-protein whey, with plans to broaden coverage to additional dairy products over time. StoneX Plus users will gain direct access to Expana’s benchmarks
Saudi Tanmiah Launches New Poultry Processing Plant and Feed Mill
Saudi Arabia's Tanmiah Food Company has launched a new poultry processing plant in Al Majmaa and a new feed mill in Dahna, the company has announced.
The poultry facility integrates advanced processing lines capable of handling large birds – "a first of its kind in the Kingdom", Tanmiah said, adding that the new site strengthens partnerships with leading global QSR brands, including McDonald’s Saudi Arabia.
Meanwhile, the Dahna feed mill is currently in a production trial phase. It has a capacity of 40 metric tons per hour
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