Foreign-Owned Agricultural Land in the US Increases

From 2022 to 2023, there was a 1.58-million-acre increase in foreign-held agricultural land, according to Farm Bureau. In the US, 45.85 million acres of agricultural land were held by foreign investors in 2023, representing 3.61% of total privately held agricultural land, according to the USDA’s Agricultural Foreign Investment Disclosure Act (AFIDA) report which shows an upward trend of land ownership by foreign entities across the nation. 

Since 2010, reports of foreign-held agricultural land have increased. This expansion is 21 million acres, or an area larger than South Carolina...

Steak n Shake to Use 100% Beef Tallow

Steak n Shake announced today that it is moving forward with the use of 100% all-natural beef tallow in all its restaurants. Steak n Shake has long been famous for its shoestring fries – and it will now fry them in the best way possible.

When fries were created centuries ago, they were made with tallow. "Our fries will now be cooked in an authentic way, 100% beef tallow, in order to achieve the highest quality and best taste," said Chris Ward, chief supply chain officer for Steak n Shake...

Marcel Regis Appointed as President, West and East Emerging Markets by Kraft Heinz

The Kraft Heinz Company has announced the appointment of Marcel Regis as President of West and East Emerging Markets, effective February 3, 2025. Based in Brazil, Regis will be responsible for overseeing Kraft Heinz's operations in Latin America, Eastern Europe, the Middle East, and Africa.

Marcel recently worked for Loft, a tech company in Latin America, and has 25 years of experience at Anheuser-Busch InBev, where he held leadership roles, including President of Colombia and South Africa, as well...

GSF Appoints Everton Harris as Corporate Senior Vice President and Chief Human Resources Officer

Golden State Foods (GSF), one of the largest diversified suppliers to the foodservice industry, is pleased to announce the appointment of Everton Harris as corporate senior vice president and chief human resources officer, and the promotion of Campbell Cooper to corporate senior vice president and chief customer and strategy officer.

Based in Irvine, California, Harris joined GSF in December 2024 to serve as a strategic business partner and trusted advisor to the chief executive officer, senior executive team and board of directors...

Church’s Texas Chicken® Announces Changes and New Additions to its C-Suite

Church’s Texas Chicken®, one of the largest quick-service chicken restaurant chains in the world, today announced two important changes to its executive leadership team. The appointments include a new Chief Marketing Officer (CMO) and Chief Legal Officer (CLO) effective immediately.

Church’s current Executive Vice President and CMO, Natalia Franco, has announced her plans to retire at the end of January. Franco joined Church’s in 2023 and helped revitalize and spearhead the company’s branding, marketing, digital and communication efforts over the past two years with...

Capriotti's Sandwich Shop Debuts First Location in New Jersey

Capriotti's Sandwich Shop (Capriotti's), known for its award-winning, hand-crafted cheese steaks, turkey subs and more, has announced its debut in New Jersey with opening of a new location in Princeton. The shop is slated to open in the Princeton Shopping Center, at 301 N Harrison Street Unit 470 on Jan. 21st, 2025. Capriotti's introduces local communities across the U.S. to the brand's 40-year-old tradition of slow-roasting whole, all-natural turkeys in-house, and other one-of-a-kind sandwiches made using the freshest ingredients...

The Retail Rundown: Weekly Protein Recap; CPI Update

Seafood leads protein advertising for a third consecutive week, accounting for nearly 31% of total ad space. Pork follows with nearly 23% and beef makes up 21%. Chicken represents 19% of the advertising share, while eggs capture less than 1%.

The seafood category shows mixed price trends year-over-year (YOY), with fresh cod fillets discounted to $8.37 per pound last week—down 53 cents from the previous year. Prices for catfish and tilapia remained steady YOY, each averaging about $6.60 discounted...

USDA’s Third New Ruling: Aimed to Help Contract Chicken Farmers

As part of the Packers & Stockyards Act of 1923 which sought to even the agricultural playing field for the meat and animal protein industry, the USDA will now give contract chicken farmers better insight into payment rates for their birds, according to a press release. 

This is the third installment in a series of regulation reforms under the Biden-Harris administration which is intended to level the playing field, bring stability and fairness, and should provide information about capital improvements farmers must make to keep and/or renew...

Scott Mezvinsky Promoted to KFC Division CEO, Effective March 1, 2025

Yum! Brands, Inc. today announced the promotion of Scott Mezvinsky, 49, to KFC Division Chief Executive Officer, reporting to Yum! Brands Chief Executive Officer David Gibbs, effective March 1, 2025. Mezvinsky, a 20-year veteran of the Company who currently serves as President of Taco Bell North America and International, will succeed Sabir Sami, who is stepping down as KFC CEO at the end of February 2025. Mezvinsky will assume global responsibility for driving the brand strategy and performance of KFC...

Panera Bread Announces New Leadership Additions to Marketing and Culinary Teams

Panera Bread, a leader and pioneer in the fast casual restaurant industry, today announced two new leadership appointments in marketing and culinary with the addition of Robin Seward as Senior Vice President, Brand and Integrated Marketing, and Scott Uehlein as Vice President, Culinary. Both leaders joined Panera in early January and report to Chief Marketing Officer Mark Shambura.

Robin Seward joins Panera as Senior Vice President, Brand and Integrated Marketing. A seasoned leader and brand strategist, Seward oversees all strategic marketing planning, including consumer insights, product...

Hormel Foods Chairman, President and CEO James P. Snee to Retire at End of Fiscal Year

Hormel Foods Corporation, a Fortune 500 global branded food company, today announced that James P. Snee, chairman of the board, president and chief executive officer, will retire at the end of fiscal 2025, following a distinguished 36-year career with the company.

The Board has formed a search committee and will benefit from its existing CEO-succession process to identify Snee's successor. Internal and external candidates are being considered. Snee has agreed that once his successor is named...

GAO Submits FDA Recommendations to Congress for Increased Inspection Efforts

On January 8, 2025, the U.S. Government Accountability Office (GAO) released its Q&A report to Congress, titled “Food Safety: FDA Should Strengthen Inspection Efforts to Protect the U.S. Food Supply.”

FDA inspections fail to meet mandated annual targets

The U.S. Food and Drug Administration (FDA) is responsible for ensuring the safety of nearly 80% of the nation’s food supply including fruits, vegetables, processed foods, and most seafood.

Since 2007, the FDA has been on the GAO's High-Risk List, which highlights 37 areas across the federal government that are...

Domino's® Kicks Off the New Year with 50% Off Pizza Deal

Domino's Pizza Inc., the largest pizza company in the world, is celebrating the new year by launching a delicious deal: 50% off all menu-priced pizzas ordered online Jan. 13-19.

"The holidays are over, but to us, the party has just begun," said Frank Garrido, Domino's executive vice president – chief restaurant officer. "Domino's is celebrating the new year by giving customers a deal that'll make their taste buds jump for joy. All pizzas are half off, so customers can enjoy any size pizza...

FSIS Issues Recall for Frozen Chicken and Cheese Taquitos Sold at Aldi Due to Safety Concerns

The United States Department of Agriculture's (USDA) Food Safety and Inspection Service (FSIS) have announced the recall of 24,870 pounds of frozen chicken and cheese taquito products that may be contaminated with metal.

Bestway Sandwiches, a Valencia, California company, say customer complaints made them aware of the issue, one of which reported a dental injury.

The affected taquitos are packaged in 20-ounce cartons labeled CASA MAMITA CHICKEN & CHEESE TAQUITOS. They were produced on July 3, 2024 and...

1 in 6 Adult Americans Replaced Meals With Snacks in 2024: Euromonitor International

One in six adult residents of the United States is replacing their daily meals with snacks, data analytics company Euromonitor International has revealed

According to Euromonitor International’s World Market for Snacks 2024 report, 18% of adult Indians, 17% of adult Americans and 13 % of adult Britons have been replacing their meals with snacks, as convenience-oriented lifestyle changes favour snacking and consumer purchases continue to be impacted by economic uncertainty.

Carl Quash III, head of snacks at Euromonitor International, said: “Consumers have been under...

Shake Shack Names Justin Mennen as Chief Information and Technology Officer

Shake Shack Inc. today announced the appointment of Justin Mennen as Chief Information and Technology Officer, effective January 13, 2025. Mennen will report to Rob Lynch, CEO of Shake Shack, and will oversee all aspects of technology.

“Justin brings a wealth of experience as a technology leader to Shake Shack, along with an impressive track record of driving innovation across industries,” said Lynch. “He’s joining us at a pivotal time in our growth, and we’re confident his expertise will play a key role in...

Pat Hafner Elevated to President of Outback Steakhouse

Bloomin' Brands has announced the promotion of Pat Hafner to Executive Vice President, President of Outback Steakhouse, the company’s flagship brand. In this new role, Hafner will oversee all operations and drive the continued growth and development of the Outback brand.

Hafner’s journey with Bloomin’ Brands began in the restaurant as a server at Outback Steakhouse. Over the years, he steadily advanced through a series of roles, including Manager, Managing Partner, Joint Venture Partner, and Regional Vice President.

In 2018, Hafner expanded his resume by joining Carrabba’s...

ANALYSIS: A 2024 Review of Broiler Headcounts, Hatchability, and Consumer Preference

2024 rounded out the year with a cumulative broiler headcount that was 1.2% below that of 2023. While this lower percentage doesn’t seem to fit the narrative of the past three months, it actually helps illustrate the adaptability of the industry in the wake of the lowest yearly hatchability average of the past five years.

In Q1, the headcount for 2024 was 2.7% lower than 2023. This shifted to 1.7% lower in Q2, 0.7% lower in Q3, and finally the numbers for Q4 of 2024...

Perdue Farms Continues Support for North Carolina Center for Poultry Education Mission

Second-generation Perdue Farms poultry farmer Steven Brake is passionate about educating the next generation on where their food comes from and agriculture’s role in feeding the world. So much, that he created the North Carolina Center for Poultry Education (NCCPE) on his farm in 2019 in Pinetops, North Carolina.

To help Brake continue his mission to educate thousands of students and anyone else interested in understanding the processes involved in food production, Perdue Farms has invested $15,000 in the nonprofit Center for Poultry Education...

Firehouse Subs® Sets Sights on Brazil with Ambitious Expansion Plans

Today, the Firehouse Subs® brand announces its entry to Brazil building on its international expansion. The brand plans to open more than 500 restaurants in 10 years across the country. The first restaurant is expected to launch in 2025 and will mark Firehouse Subs debut in South America.

Founded in Jacksonville, Florida, in 1994 by two former firefighter brothers, Firehouse Subs is celebrated for its premium sandwiches, made using a unique cooking method unlocking juicier flavors by steaming the meats and cheeses...

ILA and USMX Avoid Work Stoppage with New Six-Year Contract

The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) reached a tentative agreement on all items for a new six-year Master Contract on January 8, per a joint press release.

The two sides agreed to continue to operate under the current contract until the union can meet with its full Wage Scale Committee and schedule a ratification vote, and USMX members can ratify the terms of the final contract, per the joint statement.

“We are pleased to announce that ILA and USMX have reached a...

Rajbhog Foods Empanada Mislabeling Triggers FSIS Alert

The FSIS has issued a public health alert regarding frozen items labeled as Chicken Curry Empanadas from Rajbhog Foods.

These products may actually contain Apple Cinnamon Empanadas, which include milk, a known allergen. A recall was not initiated because the affected items are no longer available for purchase.

The frozen empanadas were produced on November 14, 2024, and packaged on November 20-21, 2024.

The 9.6 oz packages are in cardboard boxes labeled as "bettergoods TRADITIONALLY CRAFTED Chicken Curry Empanadas," with best-by...

Teamsters and Costco at an Impasse Ahead of Contract Deadline 

The International Brotherhood of Teamsters has announced that negotiations with Costco reached an abrupt standstill on January 7, 2025.

Tension ignited with parties after Teamsters filed unfair labor practice charges against the company, citing incidents such as the expulsion of union representatives, harassment of employees wearing union buttons, removal of union literature, and changes to locks on union bulletin boards.

After weeks of discord, Costco rejected several key proposals put forth by the Teamsters, including vital language concerning seniority, inclement weather policies, paid family leave, bereavement policies...

CME Group Announces Trading Hours for U.S. National Day of Mourning to Honor Former President Carter 

CME Group, the world's leading derivatives marketplace, has announced that it will honor the passing of former President Jimmy Carter by implementing an early close for agricultural, equity and interest rate markets on the National Day of Mourning on Thursday, January 9, 2025.

U.S. equity markets will be open until 8:30 a.m. CT on January 9. All U.S. equity options expiring on January 9 will be moved to expire on January 8.

Interest rates and agricultural markets... 

New Report: Walmart Increasing in Popularity Amidst Rising Prices

According to Packaged Facts’ new report The Walmart Grocery Shopper: Consumer Insights and Competitive Strategies, consumers have continued to be worried about the rising cost of food on top of already-high prices after excessive inflation hit consumer food budgets in 2022. Rising prices can be especially concerning for low-income households due to not having a lot of disposable income and families with children since they have more mouths to feed.

Higher costs have led to many consumers changing their thinking and behavior, including measures such as...

The Retail Rundown: Post-Holiday Slowdown Influences January Spending 

January typically marks a slowdown in consumer spending as households transition from the holiday season to their regular routines.

Early in the month, retailers experience a short-lived boost in sales, driven by replenishment efforts after the holiday food rush. As schools reopen and guests leave, families restock essentials for breakfast, lunch, and weeknight meals.

This restocking coincides with New Year’s resolutions, especially those focused on healthier eating. Consequently, shoppers gravitate toward the perimeter of the stores where fresh items, including produce, proteins, and dairy, are featured. Although retail...

USDA Imposes Animal Import Restrictions on Belize Due to Screwworm Threat

The United States Department of Agriculture's (USDA) Animal and Plant Health Inspection Service (APHIS) issued a statement on January 7, 2025 regarding live animals originating from or transiting Belize.

Based on the confirmation of New World screwworm in cattle, restrictions have been imposed, effective January 3, 2025 until further notice on the importation of animal commodities.

The restriction omits the importation of dogs who carry a certificate confirming the animal has been inspected for screwworm within 5 days prior to its shipment to...

Panera Brands Announces Leadership Change, Appoints Paul Carbone as Interim CEO

Panera Brands, one of the world’s largest fast-casual restaurant platforms and the parent company to Panera Bread and Caribou Coffee, has announced a change in leadership.

José Alberto Dueñas, who served as CEO of Panera Bread for just over a year and a half, is stepping down from his role.

During his tenure, Dueñas earned praise from Board Chair Patrick Grismer for his efforts in revitalizing the company’s menu, improving business margins, and strengthening organizational structure. Grismer noted that Dueñas successfully positioned the...

Vertical Cold Storage Opens 10th Facility in Kansas City

Vertical Cold Storage, in collaboration with Platform Ventures, a real estate investment firm, has officially launched its 10th facility, a state-of-the-art multi-distribution center in Kansas City.

The facility is strategically located at 14820 Cleveland Ave, Kansas City, MO, next to the Canadian Pacific Kansas City (CPKC) intermodal terminal and within 30 miles of key BNSF, Union Pacific, and Norfolk Southern rail terminals.

Spanning over 311,000 square feet, the new center is expected to create more than 100 full-time jobs. Equipped with...

ILA and USMX Set to Resume Talks as Port Strike Threat Looms

Talks between the International Longshoremen’s Association (ILA), the union representing over 45,000 dockworkers from Maine to Texas, and the United States Maritime Alliance (USMX) are set to resume on January 7.   

ILA and the USMX reportedly met in private on January 5 as both sides try to reach an agreement over the primary automation issue that has been raised since talks last stalled in November, according to industry publication FreightWaves.

The contract between the ILA and USMX, which represents ports and ocean carriers, expires on January 15...

Bojangles Kicks Off New Year With the Return of Chicken Rice Bowls and All-New, Bo-Berry Cobbler

Bojangles – the iconic, Carolina-born fast-food chain known for its bold flavors and crave-worthy recipes – today announced two limited-time products hitting menus this month, including the highly anticipated return of Chicken Rice Bowls and a new iteration of its legendary biscuit-inspired cobbler with a Bo-Berry Cobbler.

The hearty, satisfying Chicken Rice Bowls are back by popular demand, perfect for warming up during the chilly winter months and featuring a...

ANALYSIS: Turkey Industry Faces Record Low Harvests During a Period of Rising Demand

November’s turkey slaughter numbers set a new seasonal low, with 16.4 million head of turkeys harvested. This continues the trend observed throughout 2024, during which five of the previous ten months recorded harvest values that set new record lows for their respective months. Notably, the lowest harvest ever recorded occurred in March, with only 15.5 million turkeys processed.

The industry is undoubtedly feeling the impact of these cutbacks, particularly during a period of strong retail demand for turkey parts and raw materials... 

Bird Flu Detected in Indiana Turkey Flock Impacting More than 20,000 Birds 

The highly pathogenic avian influenza, commonly known as bird flu, has been confirmed in a commercial turkey facility in Indiana. This marks the first detection in the state since January 2024, when 13,071 turkeys were affected in a previous outbreak.

As of January 4, 2025, the Indiana State Board of Animal Health has provided an update on the current situation regarding avian influenza in the state, available on their website here.

The latest outbreak was reported in a commercial turkey flock in Jay County... 

Jack in the Box Adds Two New Flavors to the Jack Wrap Lineup

Jack in the Box, Inc. is starting 2025 with a wrap-tastic bang by bringing new flavors to its wildly popular Jack Wraps nationwide. After a successful test drive of new flavors in select markets, the wraps are making a bold entrance to menus everywhere, proving once again that Jack in the Box knows exactly how to keep fans coming back for more.

Jack’s expertise and commitment to offering the best in portable, delicious snacks is clear. Unlike other restaurant chains that take years...

Top 10 Stories from 2024 on Expana

It was a big year for the food and agriculture industry. Below are some of the biggest headlines that sent shockwaves through the trade... 

ANALYSIS: US Egg Prices Soar as Production Hits Eight-Year Low Due to HPAI Outbreaks 

May 30, 2024: “Over the past two weeks, U.S. shell egg prices have soared by 45%, largely due to the ongoing spread of Highly Pathogenic Avian Influenza (HPAI), more commonly known as bird flu. The bird flu has been spreading across the US since February 2022—though not consistently..."

Fall in Love with Applebee’s in 2025 with The Really Big Meal Deal and Valentine’s Day Drink Specials

Applebee’s is the place to be in 2025 with its unbeatable Really Big Meal Deal for only $9.99, in addition to the return of its Smoocho Sips cocktails and mocktails! But that’s not all – things are heating up with Applebee’s NEW Sizzlin’ Caramel Apple Pie for $5.99 and NEW Hot Honey Chicken & Bacon Skillet.

Big in size, flavor, and value, Applebee’s is extending its Really Big Meal Deal for only $9.99, which includes...

$5 Bowls with Five Choices: KFC® Debuts Hot New Lineup of Flavorful Bowls

KFC is introducing a hot new lineup of five flavor-packed bowls for a limited time, including KFC icons like the Famous Bowl and saucy twists like the new Nashville Hot Loaded Fries Bowl. For a limited time, the fan-favorite Nashville Hot Sauce is back on KFC menus nationwide, while supplies last. Indulge your cravings with a hearty, warm, comforting bowl this winter for just $5 each, making your post-holiday wallet happy. The five flavor-packed $5 options...

Chipotle X Strava Partnership Goes Global: Introducing "The City Challenge"

Chipotle Mexican Grill today announced that its partnership with Strava, the app for active people with more than 135 million users in more than 190 countries, is back and bigger than ever in 2025. Chipotle is launching its first-ever international Strava segment challenge for participants to compete to win free Lifestyle Bowls for a year, plus free Chipotle for their city.2 New in 2025, the initiative extends beyond the U.S., connecting and motivating Chipotle's running community across 25... 

Americans Turn to Frozen and Dairy Aisles to Keep Resolutions

As millions of Americans begin tackling their New Year's resolutions today, new research reveals the frozen and dairy aisles are becoming important destinations for achieving health, budget and convenience goals. According to a survey commissioned by the National Frozen & Refrigerated Foods Association (NFRA), 66% of Americans say pre-portioned ingredients help them achieve their health goals, while 75% cite cost savings as a top reason for choosing the frozen and refrigerated aisles - signaling a continued shift in shopping and eating habits...

ANALYSIS: November Turkey Cold Storage Indicative of Demand Patterns

In comparison to market pricing, November’s cold storage report may seem contradictory in a couple of instances. However, upon closer inspection, it’s actually very indicative of the state of the market.

The total month-over-month (MoM) change was slightly less dramatic than the 5-year average, with a 34.1% decrease from this past October to November. This is compared to a 5-year average decrease of 46.4%. This was primarily driven by fewer whole birds and breasts exiting the freezer this November, as these two categories made up..

Sodexo to Launch 100 ‘Food Hive’ Community-Oriented Campus Convenience Stores by 2026

Sodexo, a leader in foodservice for campuses across the U.S., announces the company’s goal of opening nearly 100 “Food Hive” markets at colleges nationwide by 2026. Sodexo’s current goal of opening approximately 30 locations during the 2024 – 2025 academic year is underway. Food Hive is Sodexo’s lightning-fast and cashless payment convenience experience with a community focus, supporting local partners and minority- and women-owned businesses by featuring their products and other healthy options for students.

“We know that Gen Z prefers shopping...

Poultry Farmers Must Pass Biosecurity Audit to Qualify for Indemnity Payments Under New USDA Rule

The U.S. Department of Agriculture (USDA)’s Animal and Plant Health Inspection Service (APHIS) announced an interim final rule that updates the conditions for poultry facilities to receive indemnity and compensation after testing positive for Highly Pathogenic Avian Influenza (HPAI). 

APHIS said that it will now require farmers to undergo a biosecurity audit before restocking their poultry following an HPAI detection and before receiving any indemnity payments. The decision was based on evidence that strong biosecurity measures remain the most effective strategy for combating HPAI...

Arcos Dorados and McDonald’s Renew Master Franchise Agreement for 20 Years

Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee announced that, on December 30, 2024, it renewed its Master Franchise Agreement (“MFA”) with McDonald’s (NYSE: MCD).

he parties have finalized a new, 20-year MFA, that became effective on January 1, 2025, and replaced the previous MFA. The new MFA also includes a renewal option, at McDonald’s discretion, for a new, 20-year MFA, beginning January 1, 2045...

White Castle's All-Day Breakfast Menu Brings Back French Toast Sliders to Kick Off 2025

White Castle, America's first fast-food restaurant and home of the real all-day breakfast menu, is ready to take taste buds on a delectable journey with the limited time return of the French Toast Slider. Because White Castle isn't afraid to push the boundaries, this sweet treat, like all breakfast menu items, can be enjoyed morning, noon, and even at Night Castle!

The French Toast Slider is a Slider sized Cinnamon Swirl French Toast sandwich layered with a fresh cracked egg, American cheese...

Maersk Advises Cargo Removal as Threat of US Port Strikes Persists

Major shipping firm Maersk has advised its customers to remove cargo from US East and Gulf Coast ports, in preparation for potential strike action by port workers in mid-January.

Negotiations between the International Longshoremen’s Association (ILA) union and the employers’ representative the United States Maritime Alliance (USMX) on a new contract for port workers appear to have stalled, with the deadline of January 15, 2025, looming.

In a customer advisory statement released on December 30, Maersk said, “If no agreement is reached by [January 15], a coast-wide...

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...

Premium Brands Holdings Corporation Announces Strategic Transactions

Premium Brands Holdings Corporation (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, announced today that it has completed the following strategic transactions:

- The acquisition of NSP Quality Meats (NSP), a cooked protein and deli meats manufacturer with plants located in Oklahoma, Texas and Missouri

- The acquisition of Casa Di Bertacchi (Casa), a manufacturer of branded and private label cooked protein products with a plant in New Jersey

- The acquisition of Italia Salami (Italia), a manufacturer of authentic dry cured Italian salami with a plant in Ontario...

ANALYSIS: Jumbo Boneless Chicken Breast Prices Unseasonably Robust as Popularity Grows

Quotations for jumbo boneless breast meat started this year closely following the 5-year average quotations...

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...

ANALYSIS: Market Dynamics and Supply Constraints Drive Record High Turkey Neck Prices

Current frozen tom turkey neck quotations have exceeded the previous all-time high of $1.07 that was seen in late August of 2022...

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...

Butterfly Acquires the Duckhorn Portfolio of Wines for $1.95 Billion

On Christmas Eve, the Los Angeles-based Butterfly Equity acquired a Californian wine maker known as the Duckhorn Portfolio, according to a media alert. The all-cash deal valued Duckhorn at $11.10 per share or approximately $1.95 billion.

Duckhorn encompasses 2,200 acres of vineyards throughout California, Oregon, and Washington state. The company sells brands like Decoy, Sonoma-Cutrer, Postmark, and more. Originally, Duckhorn Vineyards started in 1976 as a family-owned company founded in Napa Valley. Today, their wines are available throughout the US...

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...

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!

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...

Progress in Poultry Welfare: Examining the European Chicken Commitment

The European Union (EU) has taken significant steps toward improving animal welfare in poultry farming through landmark initiative: the European Chicken Commitment (ECC). The initiative reflects a growing recognition of ethical, environmental, and consumer concerns tied to modern farming practices.

The European Chicken Commitment (ECC) is a comprehensive, science-based welfare policy with six key points aimed at improving the lives of chickens raised for meat. It addresses critical issues, including the consequences of breeding for fast growth and high yield, housing conditions, stocking density, and the process...

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...

ANALYSIS: U.S. Chicken Exports in October Trail at Five-Year Lows

The total volume of chicken exported in October was up from September, but just barely. This was especially evident in comparison to the 5-year average month-over-month (MoM) change. This October there was a 0.1% MoM increase in the total volume of chicken sold to international buyers in the U.S., a far cry from the 12.6% 5-year average.

Interestingly, the top three destinations pulled much larger volumes than they typically do in October, while the amount of production going to many of the...

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...

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...

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...

ANALYSIS: October U.S. Turkey Exports Below Average Amid Lower Production and Higher Prices

The total month-over-month (MoM) change in the volume of turkey exported for October was up 7.6% compared to a 5-year average increase of 15.9%. The top four U.S. turkey export destinations, Mexico, Panama, Guatemala, and Canada, all had lower export volumes this October compared to the 5-year average, while the Bahamas, the fifth largest buyer, purchased more than on average.

Likely, much of the lower-than-average volumes of turkey exported can be attributed to more limited...

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...

Taco Bell Reimagines Chicken Nugget Experience with Tortilla Chip-Breaded Crispy Nuggets

In a world where chicken nugget loyalty runs deep, Taco Bell is daring to push the boundaries of innovation yet again with the introduction of Crispy Chicken Nuggets and a lineup of irresistible dipping sauces that's sure to challenge people's devotion to their typical favorites, available starting December 19, for a limited time and while supplies last. Entirely distinct, yet universally familiar, the tender all-white meat chicken bites are marinated in zesty jalapeño buttermilk flavor and breaded with a blend of breadcrumbs and crunchy tortilla chips to...

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...

Wendy's Offers 12 Days of Sweet & Spicy Holiday BOGO Deals Exclusively In-App

WHAT:
'Tis the season to celebrate twelve days of Wendy's® BOGO deals – it's officially "Bow-GO" season! Beginning today, December 11, fans can "unwrap" Wendy's in-app gifts to discover twelve days of delicious deals for more than $50 in savings. Save on the most beloved Wendy's menu items of 2024 every single day, exclusively in the Wendy's app* through Sunday, December 22. Want to know what's under the Wendy's tree? In-app deals will include buy-one-get-one...

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...

Pre-Chill, Post-Chill Turkey Sampling as a Predictor of Salmonella Enterica Contamination 

USPOULTRY and the USPOULTRY Foundation announce the completion of a funded research project by researchers at Kansas State University that aimed to evaluate the connection between indicator microorganisms and Salmonella at re-hang and post-chill stages. The research was made possible in part by an endowing Foundation gift from Cargill. The research is part of the Association’s comprehensive research program encompassing all phases of poultry and egg production and processing. A summary of the completed project is below...

Domino's Pizza® to Transfer Stock Exchange Listing to Nasdaq

Domino's Pizza, Inc., the largest pizza company in the world, today announced that it will voluntarily transfer its stock exchange listing to the Nasdaq Global Select Market from the New York Stock Exchange, effective December 31, 2024, after market close. Domino's common stock is expected to begin trading as a Nasdaq-listed security on January 2, 2025. The Company will retain its current ticker symbol "DPZ."

About Domino's Pizza®

Founded in 1960, Domino's Pizza is the largest pizza company in the world, with...

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...

Hormel Appoints Mike Clausman as VP, Deputy General Counsel, and Assistant Secretary

Hormel Foods Corporation has appointed Mike Clausman as Vice President, Deputy General Counsel, and Assistant Secretary.

In this new position, Clausman will manage the legal support for the company’s brand and business growth initiatives, including commercial transactions, mergers and acquisitions, and intellectual property. He will report directly to Colleen Batcheler, Senior Vice President of External Affairs and General Counsel.

Clausman joined Hormel Foods in 2011, bringing nearly a decade of experience as an attorney in Minneapolis. He has held several key...

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: Is HPAI Impacting the U.S. Chicken Market?

In the past couple of years, different sectors of the poultry industry in the U.S. have had to deal with an ongoing outbreak of HPAI. The current surge began on February 8, 2022, when a commercial turkey flock in Indiana was confirmed to have contracted the virus. Since then, losses of commercial birds have been reported in thirty-four states and approximately 8.97 million commercial broiler breeders and broilers have been affected. While this is certainly a large number, it is only 0.03% of chicks placed.

Turkeys and layers have...

ANALYSIS: Impact of HPAI and Metapneumovirus on Livability in the Turkey Industry

Issues with HPAI and metapneumovirus in the past couple of years have significantly impacted livability in the turkey industry. The current outbreak of HPAI began on February 8, 2022, when a commercial turkey flock in Indiana was confirmed to have contracted the virus. Since then, losses of commercial birds have been reported in thirty-four states and approximately 15.8 million commercial turkey breeders and meat birds have been affected. Losses due to HPAI are highest in the spring and fall through areas of active wild bird migratory traffic...

ANALYSIS: China’s Nov 2024 Meat Imports Break 15-Month Y-o-Y Decline Streak to 580,619 mt

China’s total meat imports, including variety meats rebounded to 580,619 metric tonnes (mt) in November 2024, ending a 15-month year-over-year decline streak, according to the latest preliminary data from the General Administration of Customs of the People's Republic of China. 

Imports were higher by 8.6% or 23,619 mt month-on-month (m-o-m) ahead of the winter peak season.  

Meat consumption typically increases ahead of the cooler season, with a notable rise in demand for...

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...

NCC Joins in Urging ILA, US Maritime Alliance to Return to Bargaining Table

NCC recently joined hundreds of organizations representing American manufacturers, farmers and agribusinesses, wholesalers, retailers, restaurants, importers, exporters, distributors, transportation and logistics providers, and other supply chain stakeholders, in a letter urging both the International Longshoremen’s Association and the United States Maritime Alliance to return to the bargaining table with the goal of reaching a new labor contract before the new Jan. 15 contract expiration date.

“We know significant issues remain between the parties,” the groups wrote. “However, we continue to believe the only...

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...

Standard Meat Company Welcomes Jill Hunter to Newly Created Position

Standard Meat Company (SMC) announced the appointment of industry veteran Jill Hunter to a newly created position: Senior Director of Sales Operations. In this role, Hunter will oversee and optimize both sales operations and project management processes, while ensuring seamless coordination between sales, R&D, finance, and operations teams.

Founded in 1935 and headquartered at the iconic Stockyards in Fort Worth, SMC is a family-owned custom protein processing and packaging firm with plants in Dallas, Fort Worth, Saginaw, and Ponder...

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...

Brazil’s Chicken Meat Export Quantities and Revenues Increase in November

Chicken meat exports from Brazil, including both fresh and processed products, totaled 465,100 tonnes in November, according to the Brazilian Animal Protein Association (ABPA). This represents a year-on-year increase of 23.2%. Export revenues also increased, reaching USD 893.4 million, up 32.1% compared to November 2023.

From January to November 2024, cumulative chicken meat exports rose by 3.7%, with a total of 4.845 million tonnes exported. Revenue for the same period reached USD 9.071 billion, marking a 1% improvement over the same timeframe in...

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

The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for ready-to-eat (RTE) frozen chicken products that did not receive the benefit of import reinspection. A recall was not requested because the products are no longer available for purchase.

The following products subject to the public health alert are :

5-lb. cardboard box packages containing “yummy Dino Buddies Holiday NUGGETS Breaded nugget shaped white meat chicken patties” with a...

ANALYSIS: October Cold Storage Report, Chicken Inventories Continue to Deplete YoY

While more chicken was put up for several lines than was seasonally anticipated, cold storage inventories of nearly all lines with the exceptions of drumsticks and paws continued to be lower year-over-year (YoY). Additionally, total frozen holdings of chicken in the month of October were approximately 70.8 million pounds lower than the 5-year average. Considering that the year-to-date (YTD) total live weight is at the highest value ever recorded and October's live weights were at record-breaking levels...

ANALYSIS: Turkey Cold Storage Decline Continues with 27.8% Drop in October Amid Tightening Supplies

Total turkey cold storage fell -27.8% month-over-month (MoM), continuing the downward momentum in the volume of turkey in warehouses. While following an average trendline, total frozen inventories of turkey have gradually moved from the thirteenth lowest value ever recorded for the month of January to the third lowest in October. In fact, market input suggests that some storage facilities are holding well below 50% of capacity. While this is likely not the case for all facilities since October’s total is...

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...

CHI-CHI’S Restaurants Set for Comeback After Two Decades

Nearly 20 years after closing the last CHI-CHI’S™ restaurant location, the popular Mexican restaurant chain is set to make a comeback thanks to a new agreement with Hormel Foods, owner of CHI-CHI’S™ trademarks. The deal grants Michael McDermott, son of CHI-CHI’S™ founder, use of the CHI-CHI’S™ name on physical restaurant locations which are expected to open in 2025.

Michael McDermott is determined to honor his family’s legacy by combining the classic CHI-CHI’S™ restaurant experience with modern influence...

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...

USDA Launches Agribusiness Trade Mission to Morocco

U.S. Department of Agriculture’s Foreign Agricultural Service Administrator Daniel Whitley arrived in Casablanca today to begin a USDA-sponsored agribusiness trade mission. Whitley is leading a delegation of nearly 50 U.S. agribusinesses and trade groups and 14 state departments of agriculture to expand U.S. farm and food exports to Morocco and other West African markets.

"I am honored to lead this delegation to Casablanca as we work to strengthen vital connections, grow U.S. agricultural exports, and showcase the broad array of products American agriculture has to...

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...