Billions in Aid Approved for US Farmers

As a government shutdown loomed, the US Congress passed spending legislation named the American Relief Act which was signed by President Biden on December 21, 2024. For agriculture and food-related commodities, this legislation contains one-time economic assistance payments, disaster relief payments, as well as partial funding from the rolled-over farm bill.

Part of the funding approved was $10 billion to support some American farmers across the nation. Within 90 days, economic assistance payments will only be dealt to farmers of eligible commodities like corn, soybeans, wheat, rice, canola, mustard...

Restaurants and Grocers Gear Up for 2025: A Focus on Tech, Value, and Wellness

Against the backdrop of a turbulent economic landscape, 2024 saw the food industry grappling with rising inflation, geopolitical uncertainties, and the US presidential election's impact on key global commodity markets. For consumers, tighter budgets drove a heightened focus on value, with many turning to private-label brands, budget-friendly meal solutions, and bulk purchasing. Simultaneously, the demand for transparency, sustainability, and innovation continued to shape purchasing decisions, even as affordability took center stage. 

As we look ahead to 2025, value remains...

No USDA Market Reports on Christmas Eve Due to Federal Holiday

President Joe Biden recently issued an executive order declaring Christmas Eve, December 24, 2024, as a holiday for federal employees, with exceptions for those in national security, defense, or other public need. 

Under Donald Trump's previous presidency, federal employees were given Christmas Eve off in 2018, 2019, and 2020, while President Barack Obama designated December 26, 2014, as an additional holiday. 

As the USDA observes Christmas Eve this year, no USDA market reports will be released tomorrow. However, Expana's market assessments and...

HelloFresh Introduces Resolution-Approved Offerings for Easy, Nutritious Home Cooking

Just in time for New Year’s resolutions, HelloFresh, the world’s leading meal kit company, is introducing wholesome new offerings for home cooks who want easy, homemade meals with little to no prep–especially on their busiest days. Whether choosing from a delicious meal ready in three minutes with no cooking required, or a simplified recipe that involves just five minutes of prep and minimal cleanup, getting a nutritious, quality meal on the table has never been easier or more convenient.

HelloFresh Unveils Delicious Ready Made Meals Served in Three Minutes

For those who want a flavorful, chef-crafted meal fast, the heat-and-eat Ready...

PODCAST: Agri-Food for Thought Ep 20 - Christmas Food Trends

In this episode, we look at the cost of commodities for Christmas Dinner 2024. Featuring special guests from the beef and cattle sector, analyzing trends in this key category as we head into the new year. 

From Jamie and Simon, thank you to all our listeners for joining us in 2024, we can't wait to show you what we have in store for 2025! 

Urner Barry by Expana Closed Wednesday, December 25, 2024

Urner Barry by Expana will be closed on Wednesday, December 25 in observance of Christmas. Coverage will resume Thursday, December 26. 

Happy Holidays!

The Shift to Cage-Free Egg Production in the EU

The European Cage-Free Egg Commitment marks a transformative era in animal welfare and corporate responsibility within the food industry. This movement, fuelled by rising consumer demand for ethical practices and advocacy from animal rights organizations, is redefining egg production across Europe. Leading retailers, producers, and food service providers have pledged to eliminate caged systems, setting a new standard for sustainability and ethical agriculture.

The European Union has achieved substantial milestones in the transition to cage-free egg production, with over 50% of laying hens...

Threat of Further US Port Strikes Looms Over International Shipping

Ongoing discord between the International Longshoremen’s Association (ILA) union and the employers’ representative the United States Maritime Alliance (USMX) threatens to further disrupt international freight, as the potential for renewed strike action at US ports looms ahead of a mid-January contract negotiations deadline.

Major shipping firm Maersk issued a statement on December 19  advising customers to prepare for further strike action, “It is possible that the ILA will again begin a coast-wide strike on January 16. As the January 15 deadline approaches, we recommend that customers make...

Potential Impact of a Government Shutdown on USDA Reports

With a potential government shutdown looming, U.S. Department of Agriculture (USDA) data on livestock and meat markets, along with numerous other reports and statistics, may become unavailable until further notice.

As Congress races to reach an agreement before the midnight deadline to avoid a shutdown, industry stakeholders are increasingly aware of the importance of maintaining access to unbiased market intelligence to operate effectively. 

In the event of a shutdown, USDA food inspectors and federal animal care workers will remain on duty, but most other federal employees will not be at work...

FDA Updates “Healthy” Food Definition for US Food Products

Officials from the FDA updated the organization’s definition of the word “healthy,” according to an FDA constituent update. 

A food product’s packaging can bear the word “healthy” if the food adheres to specified limits for saturated fats, sodium, and added sugars. Additionally, “healthy” food contains “at least one of the food groups or subgroups (such as fruits, vegetables, fat-free and low-fat dairy, etc.) recommended by the Dietary Guidelines,” according to the FDA’s new definition. 

For example, a “healthy” grain product should not contain more than 5% saturated fat...

US Department of Labor Announces Settlement with Amazon 

The U.S. Department of Labor today announced that the Occupational Safety and Health Administration and Amazon have entered into a corporate-wide settlement to help better protect employees from hazardous working conditions leading to serious lower back and other musculoskeletal disorders at Amazon facilities. The settlement agreement resolves the department’s multiple ergonomics cases against Amazon.com Services LLC, in the first major multi-site investigation brought by OSHA in over a decade.

The parties had been scheduled to begin trials in 10 cases before the Occupational Safety and...

Darden Restaurants Report Strong Q2 Results with 6.0% Sales Growth

Darden Restaurants reported a 6.0% increase in total sales for Q2 which ended November 24, reaching $2.9 billion, with same-restaurant sales up 2.4%.

Olive Garden generated $1.292 billion in sales, LongHorn Steakhouse brought in $710.1 million, and the company’s Fine Dining segment earned $306 million.

In addition, Darden’s Board of Directors declared a quarterly cash dividend of $1.40 per share on the company’s outstanding common stock.

"We had a strong quarter and I am pleased that our four largest brands...

Teamsters at Sysco Houston Authorize Strike

Over 430 drivers, warehouse workers, and mechanics represented by Teamsters Local 988 have voted overwhelmingly to authorize a strike after Sysco failed to present an acceptable contract offer.

"Nothing our members are demanding is unreasonable," said Robert Mele, President of Local 988. "These workers want what everyone in this country deserves: fair wages, quality health care, and a secure retirement. If Sysco refuses to get serious at the bargaining table, we are ready to hold them accountable for their greed."

The Teamsters represent more than 10,000 workers at Sysco...

Michael C. Creedon Jr. Elevated to Permanent CEO of Dollar Tree After Successful Interim

Dollar Tree has announced the appointment of Michael C. Creedon, Jr as its permanent Chief Executive Officer. The board agreed unanimously on this promotion citing that Creedon had earned their trust and respect and that they had confidence in his ability to guide the company’s growth and success.

Creedon joined Dollar Tree in 2022 as Chief Operating Officer. He was appointed interim Chief Executive Officer in November succeeding Rick Dreiling and has since led more than 200,000 associates and more than...

EU Retail Egg Market Thrives Amid Festive Season Surge

With Christmas just a few days away, the industrial egg market has slowed considerably, with demand expected to remain subdued until mid-January. Several breaking stations have taken advantage of this lull to perform routine maintenance on their machinery.

In recent weeks, industrial shell egg prices have been slowing down, following their peak in late November. Currently, values for cage egg averages 2.05 €/kg, reflecting a marginal drop of 0.04 €/kg from the previous week. However, prices are still 24% higher than this time...

ANALYSIS: US Shell Egg Prices Shatter Records Amid Bird Flu Losses, Strong Holiday Demand

US shell egg prices have surged to new all-time highs, fueled by a potent combination of avian flu-related production losses and heightened retail demand throughout the holiday baking season. Expana’s benchmark Midwest large quotation climbed to $5.47 per dozen on Tuesday, narrowly edging past the previous record of $5.46 set in December 2022.

The ongoing spread of Highly Pathogenic Avian Influenza (HPAI) has intensified since mid-October, claiming approximately 17 million layers and pullets over the past two months...

The Retail Rundown: Robust Retail Spending This Holiday Season

Retail spending has been robust this year, with recent data released by the U.S. Census Bureau indicating strong retail sales as the holiday season kicked off in November.

According to the Census Bureau, overall retail sales in November rose 0.7 percent month-over-month (MOM) and increased 3.8 percent year-over-year (YOY) In comparison, October saw gains of 0.5 percent MOM and 2.9 percent YOY.

“Job and wage gains, modest inflation and a heathy balance sheet have led to solid holiday spending," said National Retail Federation Chief Economist Jack Kleinhenz...

Farm Bureau Congratulates Rep. Angie Craig on Agriculture Committee Leadership Role

American Farm Bureau Federation President Zippy Duvall commented today on the election of Rep. Angie Craig to be ranking member of the House Agriculture Committee.

“Farm Bureau congratulates Rep. Angie Craig on her nomination to serve as the next ranking member of the House Agriculture Committee. Rep. Craig has a long history of working in a bipartisan manner to advance the needs of America’s farmers and ranchers.

“Her leadership is needed now more than ever, as farmers face economic headwinds including inflation, high supply costs and...

Ark Restaurants Announces Financial Results for the Fourth Quarter and Fiscal Year Ended 2024

Ark Restaurants Corp. today reported financial results for the fourth quarter and fiscal year ended September 28, 2024.

The Company’s fiscal year ends on the Saturday nearest September 30. The fiscal years ended September 28, 2024 and September 30, 2023 both included 52 weeks and the quarters ended September 28, 2024 and September 30, 2023 both included 13 weeks.

Financial Results

Total revenues for the 13 weeks ended September 28, 2024 were $43,406,000 versus $44,400,000 for the 13 weeks ended...

Performance Food Group Company Announces Executive Leadership Team Changes

Performance Food Group Company (PFG) is pleased to announce its board of directors has approved two changes to PFG’s leadership team. Effective Jan. 1, 2025, Scott McPherson has been promoted to President & Chief Operating Officer (COO), while Craig Hoskins will transition into the newly established position of Executive Vice President (EVP) & Chief Development Officer.

In his new role, McPherson will continue overseeing PFG’s three business segments: Foodservice, Convenience and Vistar. He will focus on the company’s growth and will be responsible for all aspects of these businesses...

Ahold Delhaize USA Names Greg Finchum as President of Food Lion

Ahold Delhaize USA has announced that Food Lion executive Greg Finchum, currently Executive Vice President, Retail Operations, will assume the role of President, in May 2025.

The appointment comes after Meg Ham, President, Food Lion, announced that she will retire in May 2025. Finchum joined Food Lion in 1989 and has been in his current role for more than a decade. He is a proven leader in delivering consistent sales growth and strong financial performance. Additionally, he has an outstanding track record of building strong...

TD Bank Survey: Restaurant Industry Anticipates Bright 2025 with Tech and M&A at the Forefront

A survey conducted by TD Bank at the 2024 Restaurant Finance and Development Conference indicated that optimism has returned to the restaurant franchise industry after years of challenges.

The TD Bank poll collected insights from 175 restaurant operators and finance professionals as they look ahead to 2025. Alongside the optimistic outlook, TD Bank noted that the adoption of digital and mobile ordering, menu creativity and higher expectations around AI were also key findings from the survey...

ANALYSIS: EU Free-Range Egg Prices Remain Firm Despite Broader Shell Egg Market Weakening

Following 16 weeks of rising prices, industrial shell egg prices in the EU saw a relief in the first week of December, particularly in the Cage and Barn egg categories, which saw significant price drops. However, Free-Range eggs remained an exception, with market participants continuing to face challenges in sourcing them. Despite the typical slowdown in buying activity as the retail and manufacturing sectors wrap up their year-end buying, Free-Range egg prices have remained resilient, holding steady at a...

Costco Refuses to Accept 98 Percent of Teamsters Proposals

Yesterday, Costco rejected or refused to accept nearly all Teamsters' proposals, including critical language on seniority, inclement weather, paid family leave, bereavement policies, sick time, and safeguards against surveillance. By dismissing approximately 98 percent of the proposed provisions, the wholesale giant has signaled a troubling unwillingness to bargain in good faith and is taking an aggressive anti-union stance.

"The clock is ticking, and instead of engaging seriously at the bargaining table, Costco continues to waste time with surface bargaining," said...

Kroger Reiterates Its Commitment to Lower Prices and Initiates New $7.5B Share Buyback Program

The Kroger Co. today terminated its merger agreement with Albertsons after the U.S. District Court for the District of Oregon granted the Federal Trade Commission's request for a preliminary injunction to block the proposed merger. After reviewing options, the company determined it is no longer in its best interests to pursue the merger.

"Kroger is moving forward from a position of strength. Our go-to-market strategy provides exceptional value and unique omnichannel experiences to our customers which powers...

Toast’s Q3 2024 Trend Report Reflects Increased Menu Prices and Restaurant Reservations

On December 10, 2024, restaurant software company Toast released its Q3 2024 Restaurant Trends Report, which included a market analysis based on data collected from various restaurants currently utilizing Toast’s digital restaurant platform.

Toast has been serving approximately 127,000 restaurants since September 30, 2024, providing a variety of technological services through its cloud-based platform including point of sale, payment processing, bookkeeping, online ordering, payroll, team management, and other features.

According to Toast data, restaurant reservations increased year over year (YOY) by 11% on Mondays and Tuesdays and...

ANALYSIS: Main Drivers Behind EU Retail Egg Prices in Q4 2024

According to the European Commission, medium/large egg prices averaged €2.28 per kilogram during October and November 2024, and are currently at €2.43 per kilogram, marking a 23.07% quarter-on-quarter increase and a 6.7% year-on-year rise. The surge in egg prices during Q4 2024 can be attributed to a combination of factors.

Firstly, the seasonal demand typical of Q4 has had an immediate effect on prices. This seasonal increase is particularly significant in a market where the EU faces limited self-sufficiency...

The Retail Rundown: Seasonal Trends for Ribs vs. Hams

With Christmas just two weeks away, this week’s retail rundown takes a closer look at two traditional holiday centerpieces: rib roasts and hams. These festive favorites have followed differing paths in the wholesale markets this year, potentially influencing their retail performance in the lead-up to the year-end celebrations.

The wholesale rib market began its seasonal ascent in the third quarter, gaining traction in early August. From August 1 through December 10, prices surged by 42 percent, far surpassing the 5-year average increase of 17 percent for the same period...

Tuesday: Costco Teamsters to Rally as Contract Negotiations Begin

Teamsters General President Sean M. O'Brien, Teamsters General Secretary-Treasurer Fred Zuckerman, and hundreds of rank-and-file Costco Teamsters will rally in Long Beach, Calif., on Tuesday, December 10, as they gear up for the start of national negotiations impacting 18,000 Costco workers nationwide.

Earlier this week, the Teamsters were forced to file charges against Costco for blatantly violating federal labor law and the current national master agreement. The company's conduct was a calculated effort to undermine workers' rights and disrupt the collective...

USPOULTRY Releases Updated Report of Antibiotic Stewardship Within US Poultry Production

Updated research, supported by the U.S. Poultry & Egg Association, was released today quantifying the U.S. poultry industry’s on-farm antibiotic use. The updated report shows continued improved antibiotic stewardship and commitment to disease prevention within poultry production. As part of its commitment to the transparency and sustainability of a safe food supply, the poultry industry aims to strike a balance between the responsible use of antibiotics “medically important” to human health and keeping poultry flocks healthy.

“USPOULTRY’s board of directors has supported this research for many years...

Ahold Delhaize USA Announces Retirement of Food Lion President Meg Ham After Distinguished Career

Ahold Delhaize USA Announces Retirement of Food Lion President Meg Ham After Distinguished Career

Ahold Delhaize USA has announced that Meg Ham, president of Food Lion, plans to retire on May 2, 2025, after more than 35 years with the organization. She has been at the helm of Food Lion for more than a decade and has been part of the brand’s unprecedented growth, grounded in Food Lion’s heritage of customer service and convenient locations. A successor for Ham will be announced before...

ANALYSIS: EU Shell Egg Prices Show Signs of Stabilization

Since early September, shell-egg prices have surged by 60.7%, driven primarily by robust retail demand. As the dominant distribution channel for eggs, the retail sector has absorbed a substantial share of available supply, leaving fewer eggs for breaking operations. Consumers continue to favor eggs as a cost-effective protein alternative, particularly as prices for other proteins, such as beef, have risen significantly throughout the year.

Seasonal factors have further bolstered demand. Cooler autumn weather has encouraged more home cooking, driving up egg consumption...

Campbell's Mark Clouse to Retire on January 31

Campbell’s Company announced that Mick Beekhuizen will succeed Mark Clouse as President and CEO, effective February 1, 2025.

Beekhuizen, currently President of the Meals & Beverages division, has been with Campbell’s since 2019, previously serving as CFO. He is recognized for his leadership and role in Campbell’s successful acquisition of Sovos Brands. Before Campbell’s, he held senior roles at Chobani and Goldman Sachs.

Mark Clouse, who has led Campbell’s since 2019, will retire on January 31, 2025, to become President of the NFL's Washington Commanders.

Under his leadership, Campbell’s...

ANALYSIS: EU Dried Egg-White Market Navigates Evolving Dynamics and Challenges

In September 2024, the European Commission reported that EU dried egg white exports reached 11,459 tonnes, reflecting a slight 3.2% month-on-month decline from August. Despite this dip, cumulative exports for the year are up 23.92% compared to the same period in 2023, indicating strong overall growth. 

Both the liquid and dried egg white markets have experienced significant volatility in recent years.  In early December 2022, average prices for cage egg white powder reached a record high of 20.25 €/kg, prompting buyers to seek...

PODCAST: Agri-Food for Thought Ep 18 - Back from the "World's Leading Livestock Farming Trade Fair"

Simon and special guest Fei Thompson, from the Expana EMEA newsroom, give a recap of industry market sentiment gathered from key agribusiness companies and animal nutrition companies met during the recent EuroTier trade show in Hannover, Germany that took place in mid-November.

The Retail Rundown: Diving into December Deals

With the year-end holidays soon approaching, shoppers are eagerly diving into December deals. Retailers aim to capitalize on the season's spending surge with enticing offers on everything from festive foods to decadent desserts, decor, and other holiday items. 

Consumer spending on winter holidays is projected to hit a record-breaking $902 per person this year, according to a survey by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure marks a $25 increase from 2023 and surpasses the previous record set in 2019 by $16...

197 Million Consumers Shop Over Thanksgiving Holiday Weekend

The five-day holiday weekend from Thanksgiving through Cyber Monday saw an estimated 197 million shoppers, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The figure is the second highest number in the survey’s history after last year’s record of 200.4 million, and surpassed NRF’s initial expectations of 183.4 million shoppers.

“Thanksgiving weekend retains its prominence among holiday spending events and continues to play a significant role in the holiday season for both consumers and retailers,” NRF President and CEO...

Coming Soon to Kroger: 12 Merry Days Savings Event'

The Kroger Co. today announced it will kick-off the 12 Merry Days of Deals event. From December 4 through December 15, customers can clip a new hot digital deal each day for redemption by December 17.

"12 Merry Days of deals are just two days away and we can't wait to surprise customers each day with a new way to save big this holiday season," said Mike Murphy Kroger's group vice president of e-Commerce, Analytics & Execution for Merchandising. "During this special event, in addition...

The Retail Rundown: Holiday Features in Full Display

In the final stretch to Thanksgiving, turkey ads dominate protein advertisements this week with 29 percent, up from 11.8 percent the week prior and surpassing pork's 26.4 percent. Seafood ads come in at 20.2 percent, followed by beef at 16.4 percent. Chicken takes 6 percent, while eggs still have less than one percent of retail buying opportunities.

Fresh whole turkeys account for half of all turkey promotions, with frozen turkeys making up 40.5 percent. While turkeys take center stage, the holiday season also lifts demand for cold-weather comfort foods and convenient...

Each Thanksgiving Dinner Requires a National Effort

As friends and family sit down for a Thanksgiving dinner, very few are aware that the feast on their table is a culmination of efforts of farmers from every corner of the United States. American Farm Bureau Federation economists analyzed the production of the ingredients that go into a classic Thanksgiving dinner, detailing which states produce the most commodities and the production value of those items. The Market Intel provides context to AFBF’s annual Thanksgiving dinner cost survey, which found the average cost of this year’s classic...

USDA's FSIS Shuffles Leadership

The U.S. Department of Agriculture's (USDA) Food Safety and Inspection Service (FSIS) has announced leadership changes aimed at advancing its public health mission. Dr. Denise Eblen, previously FSIS’ Assistant Administrator for the Office of Public Health Science, has been named FSIS Administrator. With 25 years of experience at USDA, Dr. Eblen will continue to lead the agency in using science-based decision-making to modernize inspection strategies and improve public health.

Paul Kiecker, with over 30 years of experience at FSIS, will become Assistant Administrator of...

Publix Names Vice President of Finance

Today, Publix Super Markets CEO Kevin Murphy announced the promotion of Doug Stalbaum to vice president of finance, effective Jan. 1, 2025.

Stalbaum, 45, joined the company in 2019 as director of business analysis and reporting, and was promoted to his current role, vice president and controller, in 2022. Prior to joining Publix, he was a senior audit manager at an accounting firm for eight years, senior director and controller at a restaurant chain for six years and director of finance at a furniture retailer for three years. He currently...

PODCAST: Agri-Food for Thought Ep 17 - Thanksgiving Turkey Prices Cheaper in 2024

Jamie chats with Turkey market analyst, Matt Busardo, on the 2024 Thanksgiving cost profile. 

The Retail Rundown: Turkey Takes the Spotlight

According to Circana data, fresh whole turkeys were featured at an average discounted price of $1.48 per pound last week, up from $1.27 per pound during the same period last year.

The most popular turkey sizes, 10–15 and 16–24 pounds, averaged $1.34 per pound, compared to $1.00–$1.10 per pound last year. These prices reflect pre-promotion rates and do not account for additional discounts or free turkey offers.

Whole turkeys are often used as loss leaders to increase holiday store...

New FMI 2024 Reports Examine Grocery Shopping Trends for The Holidays and Retail Foodservice

Despite ongoing concerns about food prices, shoppers feel more confident in managing their grocery budgets ahead of the holidays, according to FMI —The Food Industry Association’s annual U.S. Grocery Shopper Trends: Holiday Season report. These findings are further supported by FMI’s newly released ninth-annual Power of Foodservice at Retail report, which found that retail foodservice purchases continue to play a key role in shoppers’ meal preparation.

Consumers report a strong sense of excitement and enthusiasm for the holiday season despite...

Kroger Reveals Customer Thanksgiving Favorites and Grocery Shopping Habits in Time for The Holidays

In preparation for Thanksgiving, The Kroger Co. surveyed customers to see how they plan to shop and what they plan to eat during the holidays this year.

"Thanksgiving is such a special time of year and we take pride in knowing exactly what is important to our customers during this holiday season," said Tom Duncan, Vice President, Head of Marketing at Kroger. "No matter how they choose to celebrate, we're happy to provide our customers with value on the items they need...

Panera Brands Announces New Independent Board Appointments

Panera Brands Inc., which includes the iconic fast-casual concept Panera Bread as well as the Caribou Coffee and Einstein Bros. brands, today announced appointments to its Board of Directors to bolster its restaurant industry experience as the company prepares for its next phase of growth. Patrick Grismer, previously Chief Financial Officer of Starbucks and Lead Independent Director of Panera, has been named Board Chair. Additionally, industry veteran David Deno has joined the Board and will assume the role of Audit Committee Chair, effective immediately...

Kroger's Freshgiving Prices are Lower than Everyday Low 

The Kroger Co. today shared its zero-compromise Freshgiving meal offering customers a holiday basket that includes all the staples for less than $4.85 per person—even more affordable than the retailer's turkey day bundle last year. Complete with pumpkin pie, turkey at the center of the plate and plenty of fresh sides, this feast is sure to please.

This season, Kroger is once again offering customers an affordable meal with zero-compromise on value, convenience or quality.

"As families gather together to give thanks...

Circana Reports Nearly 80% of Thanksgiving Meals Are Homemade, as Consumers Embrace Traditions

Circana™, a leading advisor on the complexity of consumer behavior, today released its annual Thanksgiving Outlook, providing key insights into projected consumer purchasing behaviors and attitudes for 2024. This year’s analysis highlights the enduring popularity of Thanksgiving traditions, providing actionable insights to help manufacturers, retailers, and marketers develop merchandising and promotional strategies to engage consumers and drive growth throughout the Thanksgiving season.

The week prior to and the week of Thanksgiving are essential for driving sales, though some...

Spain Announces €444.5mln Fund for Farmers Affected by the Floods

The Spanish Agriculture, Fishing and Food Ministry (Mapa) plans to allocate €444.5mln in flood-recovery funding for affected farmers and producers in the next three months. Meanwhile, hefty rainfall is forecast to continue this week, troubling recovery efforts.

Of the allocated funds, €200mln will go to farmers as direct support.

"The affected farmer does not need to worry about submitting any application or doing anything for the direct aid. We will not ask for any paperwork, but will grant the aid ex officio...

7-Eleven, Inc. Unwraps Delicious Holiday Hot Food Deals to Satisfy Seasonal Cravings

Tis the season for sweet savings! 7-Eleven, Inc. is ringing in the holidays with irresistible deals that will delight taste buds and make celebrations merry and bright. From savings on pizza that the whole family can enjoy to mini chicken quesadillas and tacos that are perfect for gatherings or a cozy night in, customers can savor 7-Eleven's latest mouthwatering new items and discounts at participating 7-Eleven®, Speedway® and Stripes® stores, including...

Expana's 2024 Thanksgiving Dinner Index Dips by 3.3%

Expana’s Thanksgiving Dinner Index, which measures price fluctuations across key food commodities that make up a traditional Thanksgiving dinner, fell by 3.3% year-on-year (y-o-y) in October 2024.

This year’s Thanksgiving Index paints a nuanced picture of the holiday meal. While some ingredients are more affordable this season compared to a year ago, others remain costly due to supply chain and production issues...

The Retail Rundown: This Year's Thanksgiving Dinner May Cost Less 

This week’s protein promotions spotlight seafood, which makes up 33.1 percent of all ads, with pork following at 25.6 percent and beef at 24.3 percent. Chicken features come in at 13 percent, while turkey ads saw a small increase to 3.8 percent, up from 3.3 percent last week but below the 5 percent seen two weeks prior.

Frozen turkeys make up 27 percent of all turkey ads, up 25.7 percent last week, with prices ranging between $2.79 and $5.00 discounted last week.

According to the Expana Thanksgiving Dinner Index 2024...

CJ Logistics America Opens New Cold Storage Warehouse in Georgia

CJ Logistics America, a leading innovative supply chain and technology company, has officially opened its new cold storage warehouse in Gainesville, Georgia.

First announced earlier this year, this 270,000 square foot facility is located in the heart of the poultry production capital of the world and offers direct access to major highways and railways, including I-985, I-85 and the Norfolk Southern railway system.

The building features Alta EXPERT Refrigeration Systems and QFM blast freezing, advanced cold chain technologies that ensure CJ Logistics America’s...

ANALYSIS: Soaring EU Egg Imports 

When looking at the first eight months of the year, import volume of shell eggs in the EU more than tripled in the last two years. Extra-EU imports increased by 234% from 12,826 MT in 2022 (Jan-Aug) to 42,889 MT this year (Jan-Aug). This represents 62.2 million euros so far for 2024, down 7% year over year, but up 170% since 2022. 

The main supplier of the EU for eggs is Ukraine, which has a free-trade agreement with the EU. Despite some quotas in place, Ukraine...  

US Foods Reports Third Quarter Fiscal Year 2024 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the third quarter fiscal year 2024.

Third Quarter Fiscal Year 2024 Highlights

• Net sales increased 6.8% to $9.7 billion
• Total case volume increased 3.8%; independent restaurant case volume increased 4.1%
• Gross profit increased 8.1% to $1.7 billion
• Net income was $148 million
• Adjusted EBITDA increased 13.2% to $455 million
• Diluted EPS increased 60.5% to $0.61; Adjusted Diluted EPS increased 21.4% to $0.85...

Vital Farms Reports Third Quarter 2024 Financial Results and Raises Fiscal Year 2024 Outlook

Third Quarter Net Revenue of $145.0 million, up 31.3% versus Prior Year Period
Raises Fiscal Year 2024 Guidance and Reiterates Long-term Guidance
On Track to Reach $1 Billion Net Revenue Target in 2027

Vital Farms, a Certified B Corporation that offers a range of ethically produced foods nationwide, today reported financial results for its third quarter ended September 29, 2024.

Financial highlights for the third quarter ended September 29, 2024, compared to the third quarter ended September 24, 2023...

USDA Animal and Plant Health Inspection Service Shares Update on H5N1 Detection in Oregon Swine

Today, the U.S. Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) is sharing key updates regarding the detection of HPAI H5N1 in a backyard farm operation in Crook County, Ore., as well as additional information about the agency’s proactive efforts to protect livestock, farms and communities from avian influenza.

On Wed., Oct. 30, USDA APHIS announced that H5N1 avian influenza was detected in one of the pigs at this backyard farm, that two pigs tested negative...

Foodservice and Retail Merge as Boundaries Blur in a Transforming Market, Reports Circana

Circana, a leading advisor on the complexity of consumer behaviour, reports key shifts in the foodservice industry, revealing that traditional boundaries between foodservice and retail are becoming increasingly blurred.

The research, based on Circana’s comprehensive CREST data, reveals that European consumers spent €888 billion on food and beverages in the past year, with 37% of that dedicated to ‘immediate consumption’ options across both retail and foodservice channels.

The immediate consumption category includes food and drinks purchased for immediate use...

ANALYSIS: EU Liquid Yolk Prices Hit Record Highs Amid Supply Crunch

The European Union's egg market continues to experience a significant imbalance between supply and demand. Retail demand has been relentless throughout much of this year, leaving few eggs available for breaking, while feedback indicates that egg production across the EU has struggled to meet the heightened demand.

The industry's output is being constrained by a combination of factors. Primarily, producers are grappling with the complexities and increased costs associated with the transition towards cage-free egg production systems, in line with evolving animal welfare standards. Additionally...

ANALYSIS: U.S. Egg Market Faces Pressure as Price Hikes Cool Consumer Demand

Retail demand across the U.S. has grown increasingly varied this week, influenced by rising shelf prices and differing Thanksgiving preparation timelines among retailers. Over the past week, nearly all retail outlets have raised their shelf prices, reflecting last month’s more than 100% increase in wholesale values. However, these adjustments have been far from uniform. Most large-scale chains are pricing conventional large eggs around $3.00 per dozen, while smaller, regional stores are seeing prices surge above $4.00—and, in some cases...

Lineage, Inc. Reports Third-Quarter 2024 Financial Results

Lineage, Inc., the world’s largest global temperature-controlled warehouse REIT, today announced its financial results for the third quarter of 2024.

Third-Quarter 2024 Highlights

• Raised $5.1 billion in gross proceeds from the Company's July 2024 IPO, marking the largest IPO of the year and largest real estate IPO of all-time
• Total revenue increased 0.5% to $1.3 billion
• Net loss of ($543) million, or ($2.44) per diluted common share
• Total NOI increased 2.1% to $439 million
• Adjusted EBITDA increased...

Trump's Return Could Spark Major Shifts in Agri-Food Trade

Donald Trump secured a victory over Kamala Harris in the 2024 U.S. Presidential Election on November 5, marking a return to leadership that could bring sweeping changes to the agricultural commodities markets.

With a second term, Trump’s decisions could pave the way for notable shifts within trade policy, foreign relations and regulatory approaches.

At Expana’s Agri-Food Americas conference in Chicago last month, Alex Kazan, Partner and Geopolitical Co-Lead, Brunswick Group explained the massive impact the 2024 election would have on agricultural markets...

The Retail Rundown: Holiday Countdown Rapidly Winds Down

With Thanksgiving just three weeks away, the holiday rush is fueling retail traffic as shoppers stock up on essentials. This week, turkey promotions account for 3.3 percent of all protein ads, down from 5 percent the previous week. The number of grocery chains featuring turkeys also declined, with 39 chains participating, compared to 49 chains a week earlier.

Despite fewer promotions, fresh whole turkey sales rose week-over-week, reaching $1.3 million last week, up from $909,368 the week prior, according to Circana...

Introducing IFMA The Food Away from Home Association

After decades of branding itself the International Foodservice Manufacturers Association (IFMA), a new identity for the 72-year-old organization was revealed today – “IFMA The Food Away from Home Association.”

Announced this morning at the organization’s Presidents Conference, the change was prompted by the association’s recent long-term strategic planning that included intensive self-examination and taking a clear-eyed look at the state of the industry...

2024 Presidential Election Poised to Reshape U.S. Commodity Markets

As the 2024 Presidential Election quickly approaches, industry stakeholders are closely watching how the outcome could impact commodity markets, which are sensitive to shifts in policy and federal regulations.

When the new president takes office, businesses and consumers may see changes to key issues like trade and foreign policy. Stay tuned to Expana for continuous updates on how the election may affect agricultural and industrial markets.

Presidential Impact on International Trade

Changes in U.S. trade relations could either strengthen or disrupt markets for agricultural exports...

Publix Reports Third Quarter 2024 Results and Stock Price

Publix’s sales for the three months ended Sept. 28, 2024 were $14.6 billion, a 4.9% increase from $14 billion in 2023. Comparable store sales for the three months ended Sept. 28, 2024 increased 3.4%. The company estimates sales for the three months ended Sept. 28, 2024 increased 0.6% due to the impact of Hurricane Helene.

Net earnings for the three months ended Sept. 28, 2024 were $1.1 billion, compared to $833 million in 2023, an increase of 31.7%. Earnings per share...

FAT Brands Inc. Reports Third Quarter 2024 Financial Results

FAT (Fresh. Authentic. Tasty.) Brands Inc. (“FAT Brands” or the “Company”) today reported financial results for the fiscal third quarter ended September 29, 2024.

Andy Wiederhorn, Chairman of FAT Brands, said, “Over the last three years, we have expanded our brand portfolio to include 18 distinct concepts while our footprint has increased tenfold, now encompassing over 2,300 locations across more than 40 countries and 49 U.S. states or territories. We opened 22 new units during the third quarter, bringing our year-to-date openings to 71 new...

2024 Holiday Spending Expected to Reach New Record

Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations and other seasonal items, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics. The amount is about $25 per person more than last year’s figure and $16 higher than the previous record set in 2019.

“The winter holidays are a treasured time for Americans, and they are prioritizing spending on family this holiday season,” NRF Vice President of Industry and Consumer Insights Katherine...

Thanksgiving Side Dish Showdown: What Do Americans Want to Ban from the Buffet

A New Survey Reveals the Dishes You Can Cut from the Menu to Save Money this Holiday Season.

Thanksgiving is America’s favorite non-denominational holiday. It’s a festive occasion marked by feasts, football, family…and occasional feuding. Tensions may run exceptionally high at the grown-ups’ table this election year, so Savings.com suggests an alternate arena to settle more playful disputes.

White meat or dark? Stuffing or spuds? Should we even call it Turkey Day? Keep conversation light with these collegial controversies and... 

CDC A(H5N1) Bird Flu Response Update October 29, 2024.

CDC continues to respond to the public health challenge posed by a multistate outbreak of avian influenza A(H5N1) virus, or "H5N1 bird flu," in dairy cows, poultry and other animals in the United States. CDC is working in collaboration with the U.S. Department of Agriculture (USDA), the Food and Drug Administration (FDA), Administration for Strategic Preparedness and Response (ASPR), state public health and animal health officials, and other partners using a One Health approach.

Since April 2024, CDC, working with state public health departments... 

The Retail Rundown: Late-Season Push for Grilling Cuts

As October ends, beef and seafood promotions are neck and neck, each occupying about 25 percent of total advertising space. During the final week of "Pork-tober, pork features account for 20.8 percent of buying opportunities, closely followed by chicken at 20.6 percent.

Though the shift from grilling cuts to roasts has been in motion for a few weeks, a forecast of record warmth in parts of the central and eastern U.S. this week offers a last chance for backyard cooking before winter sets in.

This could spur late-season promotions...

ANALYSIS: U.S. Egg Prices Surge to Record October Highs on Retail Strength, Bird Flu Cases

U.S. shell egg prices have surged to a record October high of $4.32 per dozen—a staggering 95% increase since the start of a rapid rally that began on October 10. This rise in prices comes as strong retail demand coincides with a fresh wave of highly pathogenic avian influenza (HPAI), which has impacted layer populations and intensified the tight supply situation.

Retail demand has been exceptionally robust in recent weeks, spurred by scattered promotional activity and widespread price cuts...

Lar Agroindustrial Plans New Investments in Protein and Grains for 2025

Lar Agroindustrial Cooperative has announced plans to allocate resources towards new protein production units and to modernise its processing plants for poultry, pork, and soy, according to local media outlet Agfeed.

In 2024, Lar invested BRL 1 billion, with the majority directed to its soybean crushing operations, including the BRL 280 million acquisition of a soybean crushing plant from Copagril. Additional investments were made in poultry slaughtering, animal feed production, piglet and chick facilities, and logistics.

For 2025, Lar plans to invest a further BRL...