NRF Expects Holiday Sales to Surpass $1 Trillion for the First Time in 2025

The National Retail Federation today released its annual holiday forecast, predicting retail sales in November and December will grow between 3.7% and 4.2% over 2024. That translates to total spending between $1.01 trillion and $1.02 trillion. By comparison, last year’s holiday sales rose 4.3% over 2023 to reach $976.1 billion.

“American consumers may be cautious in sentiment, yet remain fundamentally strong and continue to drive U.S. economic activity,” NRF President and CEO Matthew Shay said. “We remain bullish about the holiday shopping season and expect that consumers will continue...

US Foods Serves Up Strong Financial Results; Sales Soar, Profits Rise

US Foods released its financial results for the third quarter, showcasing continued growth and strong business momentum.

During the quarter, total case volume increased 1.1% year over year (YOY), contributing to a 4.8% rise in net sales to $10.2 billion. This growth underscores the company’s solid market presence and steady demand for its products and services.

Gross profit rose 5.2% to $1.8 billion, representing 17.2% of net sales. Net income increased 3.4% to $153 million, while adjusted...

Ranchers Support Steve Pearce's Nomination to Lead BLM

Today, the National Cattlemen’s Beef Association (NCBA) and Public Lands Council (PLC) announced support for President Trump’s nomination of former Congressman Steve Pearce to serve as Director of the Bureau of Land Management (BLM).

“Having represented New Mexico in Congress and the State House for decades, former Rep. Steve Pearce understands the important role that public lands play across the West. Pearce’s experience makes him thoroughly qualified to lead the BLM and tackle the issues federal lands ranchers are facing,” said NCBA Executive Director of Natural Resources and PLC Executive Director Kaitlynn Glover...

ANALYSIS: Australia’s Oct 2025 Beef Exports Flat MOM as Korea Pulls Back

Australia’s beef exports in October 2025 held largely steady month-on-month (MOM) to 139,0285 metric tons (MT), data from the Department of Agriculture, Fisheries and Forestry (DAFF) showed.

Edging up just 0.2% or 274 mt from September, monthly growth was curbed mainly by lower outbound shipments to Korea as the impact of its safeguard activation took hold. Shipments to the United States (US), China, and Southeast Asia also eased, while Japan logged a solid monthly rebound underpinned by replenishment demand.

On a yearly basis, exports were ...

Hormel Foods Announces Corporate Restructuring to Support Strategic Priorities and Long-Term Growth

Hormel Foods Corporation, a Fortune 500 global branded food company, today announced a corporate restructuring designed to thoughtfully align resources with the organization's strategic priorities, support future growth and strengthen the overall business.

To ensure the company remains efficient and well-positioned for long-term success, Hormel Foods has implemented a voluntary early retirement program for a portion of its non-plant workforce, is closing many open roles and will reduce certain positions across its office-based workforce. These actions are expected to...

QDOBA Honors Franchisee Excellence at Annual Brand Conference

QDOBA, America's rapidly growing #2 restaurant brand in the Mexican fast-casual category, presented awards in 50 categories and recognized three standout franchise partners at its annual Brand Conference:

• Winters Group — Franchise Partner of the Year
• Carmen Reyes-Ibarra, General Manager of Roaring Fork — General Manager of the Year
• Froccaro Group — Operator of the Year

With more than 825 restaurants across the U.S., Canada and Puerto Rico, and nearly 600 new restaurants in development, these awards underscore how the brand's tremendous growth is underpinned by a franchise-first...

The Retail Rundown: Turkey Promotions Climb as Holiday Demand Takes Hold

Turkey ads now make up nearly 4% of protein features this week and are on pace to capture a larger share next week as seasonal demand gathers momentum. Beef holds 23.8% of ad space, pork accounts for 22.8%, and chicken eased to 19%—down one point from last week. Eggs have 3% of this week’s buying opportunities, up one point compared to the week prior.

Within the turkey category, ads for frozen whole birds and fresh or frozen parts are evenly split, each accounting for 28% of turkey features...

USMEF Statement on Progress in Trade Negotiations with China

The White House provided more details Nov. 1 on the measures agreed to in last week’s meeting between President Trump and Chinese President Xi Jinping, including progress on agricultural trade barriers imposed by China and suspension of port service fees that raise costs for U.S. exporters. 

U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom issued the following statement: 

USMEF is encouraged by the progress being made in trade negotiations with China, and we appreciate the Trump administration’s emphasis on restoring market access for U.S. agricultural exports. If China follows through on its commitment to...

ANALYSIS: Argentina’s September 2025 Beef Exports Pulled Back 1.7% MOM to 71,328 mt

Argentina’s fresh beef exports (chilled and frozen) slowed down after increasing for five consecutive months, down 1.7% month-over-month (M-O-M) to 71,328 metric tons (mt) in September, according to the latest data released by the National Institute of Statistics and Census. This marks a 1.9% year-over-year (Y-O-Y) decline when compared to September 2024.

On a quarterly basis, Q3 shipments were 4.08% higher than the same period last year, now totaling 207,572 mt...

Starbucks Divests Majority of China Operations to Boyu Capital

On November 3, Starbucks sold up to 60% of the company’s retail operations in China to investment firm Boyu Capital, according to a financial release from the global coffee chain which values their Chinese business to exceed $13 billion. 

“Under the agreement, Boyu and Starbucks will operate a joint venture with Boyu holding a up to 60% interest in Starbucks retail operations in China,” read the release...

Senegal Plans New Pig Feed Factory in Ziguinchor

Senegal plans to launch a new feed factory in Ziguinchor, a main pig farming region in the country, near the Guinea-Bissau border.

The project will be implemented through the National Integrated Livestock Development Program (PNDIES), Senegal's Agriculture Ministry said, according to Senegalese Press Agency (APS).

Program coordinator Dr. Dame Sow said the new facility aims to improve feed access for farmers and will help boost local pig production.

“This modern infrastructure will support a sector that sustains hundreds of families in the region,” Sow said. 

Navigating the Trump Tariff Turbulence: A Comprehensive Timeline

US President Donald Trump and his administration have paused reciprocal tariffs on most countries.

“Based on the lack of respect that China has shown... I am hereby raising the [tariff] charged to China by the [USA] to 125%, effective immediately,” wrote Trump on Truth Social at 1:18 pm ET. 

It’s not clear if this 125% is in addition to the 20% imposed on Chinese imports to the US. In early March, Trump noted that he would add another 10% tariff on Chinese goods...

PODCAST: Agri-Food for Thought Ep. 35 - Discussing Evolution of Procurement, Feat. Janet Standing

Expana presents Agri-Food for Thought, the podcast series for agriculture and food professionals.

Today we discuss the role of procurement, and how procurement decisions turn market insight into business advantage.

This is a complex issue, a lot more than one may think. Procurement professionals operate in a high-pressure environment characterized by aggressive goals, tight deadlines, and complex supply chains. But there are ways to stay ahead of the game. 

On today's episode, we welcome Janet Lung Standing.

ANALYSIS: From the Grill to Checkout, US Tenderloin Market Performance & Retail Dynamics 2025

Tenderloin demand has remained resilient in 2025, with promotional activity keeping movement elevated. Seasonal buying patterns are intact, with peak promotional lift observed in late May and August as consumers transitioned into core grilling holidays. Price elasticity remains evident, as a roughly 40-cent spread between discounted and full-price offerings continues to incentivize retail movement.

According to Circana retail data, year-to-date (YTD) national discounted tenderloin prices have averaged just under $3.90 per pound, compared with roughly $4.30 per pound for non-promotional...

ANALYSIS: Mexican Ribeye Export Prices Firm on Year-End Demand

The Mexican export market for boneless ribeye continued to show firm upward momentum through late October, with current prices averaging around USD 7.15/lb, up roughly 1.5 USD/lb from year-ago levels. Demand has strengthened notably in recent weeks as buyers seek to secure product for November and December holiday programs. In addition, the weaker US dollar against the Mexican peso has exerted upward pressure on export quotations, supporting firmer tones across the segment as participants reported increased activity to cover end-of-year...

Hormel Shakes Up Leadership In Recent Announcements

Set to coincide with the anniversary of his 30th year of service, PJ Conner, VP of Retail Sales at Hormel Foods, will retire this spring.

"PJ has been a tremendous asset to the organization throughout his three-decade long career,” said John Ghingo, president of Hormel Foods. “He has consistently delivered results, inspired his teams, and helped shape our company’s strategy and culture. We are grateful for his insight, dedication, and focus on supporting our retail partners. His vision and commitment have left a lasting impact on Hormel Foods...

ANALYSIS: EU Pork Market Faces Bearish Trends and Price Declines in October

Eu pork prices continued to decrease throughout October, marking the fourth consecutive price decrease in a row. For reference, the Expana Bench Market Price for EU Pig deadweight grade S EXW EU (BW56) was last assessed at €1.72 /kg on October 28. This reflects prices decrease from 7.5% compared to the previous month and a decrease of 19.2% (€0.41/kg) compared to this year’s price peak of €2.13/kg report on July 1st.

Domestic demand across the EU has...

Expansion and Menu Innovations Lead in Foodservice this Week

This week, Expana gathered a collection of headline-worthy news, showcasing the vibrant and constantly evolving world of foodservice. From strategic expansions to culinary innovations, these stories underscore the dynamic nature of the industry and its unwavering momentum.

International Expansion on the Horizon for TGI Fridays

TGI Fridays is gearing up for significant international growth, announcing two master franchise agreements today. In India, USR Hospitality (USR) will develop 51 new locations, while Mid-City Operadora Sapi de CV (MCO_Mexico) is set to open 50 new outlets in...

Australian Beef Industry Sets Global Benchmark in Sustainability Performance

The Australian beef industry has released its 2025 Annual Update under the Australian Beef Sustainability Framework (ABSF), showcasing record-breaking environmental achievements, strengthened market access, and a clear roadmap for future sustainability leadership.
 
Since 2005, the industry has reduced net CO₂-e emissions by 70.1%, largely driven by carbon sequestration in the landscape on grazing land. 
 
Beef production reached an all-time high of 2.75 million tonnes, achieved with improved efficiency and reduced waste.
 
Solid waste to landfill in the processing sector fell by 71.6% between...

Gopuff Eases SNAP Strain with $10 Million Relief Initiative

According to NBC News on October 28, over 40 million people in the United States rely on Supplemental Nutrition Assistance Program (SNAP) benefits. Amid the Government Shutdown, the US Department of Agriculture has indicated that millions face suspension of these payments starting November 1.

In response, Gopuff is stepping in to provide relief to those affected. The company is dedicated to combating food insecurity and improving access to essential food items. Since 2019, Gopuff has partnered with Feeding America, contributing over 1.1 million pounds of...

The Retail Rundown: Holiday Rush Builds Amid Tight Turkey Supplies

As November approaches, the holiday retail rush is underway, and all eyes are on the season’s centerpiece: turkey. Tight supplies and near-record wholesale prices have shaped this year’s turkey market, stirring concerns about Thanksgiving availability.

Highly Pathogenic Avian Influenza (HPAI), or bird flu, has intensified supply pressures, with cold storage inventories at near historic lows. Many processors are reporting major production shortages heading into the holiday season as the number of turkeys harvested year-to-date hovers at an all-time low, according to Expana's market reporters...

ANALYSIS: US Cattle Grading Prime at Unprecedented Levels

Cattle grading Prime this year has been at high levels compared to historical data dating back to 1996 and currently are at record levels for this time of year. While genetics play a role in this improvement, another factor driving higher grading percentages is that producers are holding onto their cattle longer. With market prices at favorable levels, producers are incentivized to add more weight to their animals before marketing them...

Grubhub Partners with Instacart to Expand Grocery Options on Its Platform

Grubhub and Instacart are teaming up to bring a wider selection of grocers, greater convenience, and even better value to Grubhub's customers. Through this new partnership, Grubhub customers can order from Instacart's network of more than a thousand national, regional, and local grocery retailers directly through Grubhub's app and website.

The experience is hosted on Grubhub's platform, and orders are fulfilled and delivered by Instacart shoppers. To start shopping, customers tap the Grocery icon in the Grubhub app, select a nearby store, add...

ANALYSIS: Colombia Emerges as a Fast-Growing Market for US Pork

Colombia has emerged as one of the fastest-growing Latin American markets for US pork. In 2024, total exports to Colombia reached nearly 275.6 million pounds, a 26% increase from 2023. Based on the latest USDA data through July 2025, year-to-date (YTD) pork export volumes to Colombia are up 16% versus the same period in 2024, extending a consistent growth trend over the past three years.

This momentum has been supported by stronger demand in Colombia, where the peso has appreciated roughly...

Hormel Foods Corporation Announces Leadership Appointment and Provides Business Updates

Leadership Appointment

Hormel Foods Corporation (NYSE: HRL) today announced the appointment of Paul Kuehneman as interim chief financial officer and controller, effective October 27, 2025. He will report to Jeff Ettinger, interim chief executive officer, and is accountable for the Company’s accounting, finance, treasury, and internal controls functions.

With more than 30 years of business and finance experience at Hormel Foods, Kuehneman has held a variety of leadership roles, including director of internal audit, vice president and chief financial officer for the Jennie-O Turkey Store, assistant controller, and most...

Cuba Mobilizes Agriculture Sector as Hurricane Melissa Hits

Cuba’s Ministry of Agriculture ordered emergency measures on Tuesday for farms in the Guantánamo to Camagüey regions to protect food supplies, livestock and infrastructure as Hurricane Melissa makes landfall today (October 29).

The ministry said emergency measures include moving animals from low-lying areas, safeguarding feed, fertilizers and pesticides, harvesting at-risk crops, and protecting tobacco production, and beehives. Authorities will prioritize water, food, and primary health care access, and maintain milk collection and distribution. Drones will be used for reconnaissance in low-visibility or hard-to-reach areas.

Sysco Posts Mixed Q1 Results, Reiterates Full-Year Guidance

Today, Sysco Corp. posted mixed results in the first quarter of fiscal 2026. Its report showed an increase in sales while several GAAP profitability measures slipped and adjusted results improved.

For the 13 weeks ended Sept. 27, 2025, sales increased 3.2% to $21.1 billion. Gross profit rose 3.9% to $3.9 billion and gross margin widened 13 basis points to 18.5%. Sysco said product cost inflation was about 3.4%, driven largely by meat and seafood.

GAAP operating income fell 1.0% to $800 million, while adjusted operating...

ANALYSIS: Mexican Beef Exports Surge Amid Higher Brazilian Supply

Mexico’s beef sector has entered October with export volumes to the US reaching their highest levels in nearly three years. Fresh beef shipments rose sharply during the first weeks of the month, marking a significant shift in trade behavior compared with the more moderate pace observed earlier in the year. This increase has coincided with a broader effort to manage inventories and balance the domestic supply chain amid stronger Brazilian imports to the Mexican domestic market, which have increased overall availability...

ANALYSIS: Imported Argentine Beef to the US Figures Up YOY Ahead of Increased Quota Announcement

According to the latest Food Safety and Inspection Service Meat Passed for Entry Report, 30,300 metric tons (mt) of Argentine beef have entered the US so far in 2025. This figure represents a 13,105 mt (76.2%) increase from the same period last year.

30,300 mt is also well above the allotted 20,000 duty free quota that Argentine beef receives in the US. While this is the case, Argentina has yet to fill their quota for the year, indicating that some product...

FSIS Recalls About 7.15 Million Pounds of Ready-to-Eat Chicken and Pork Over Metal Contamination

The US Department of Agriculture (USDA) Food Safety and Inspection Service (FSIS) announced two major recalls of ready-to-eat products contaminated with metal.

Hormel Foods Corp. is recalling about 4,874,815 pounds of foodservice frozen ready-to-eat (RTE) chicken products. The company received multiple complaints from foodservice customers who found pieces of metal in frozen chicken breast and thighs.

After an investigation, the company determined the metal came from a conveyor belt used in production...

CME Feeder Cattle Plunge Further, Hit Expanded Daily Limits

The cattle complex on the Chicago Mercantile Exchange is deepening its steep losses in early Monday trading, extending Friday’s sharp sell-off that saw all but the nearby live cattle contract end at limit-down.

As of 9:50 a.m. ET, live cattle futures are sliding between $4.00 and $7.70, while most feeder contracts are hitting the expanded daily limit.

Both live ($10.75) and feeder cattle ($13.75) futures will trade under expanded limits today.

The recent downturn likely reflects long liquidation across both live and feeder futures markets as traders digest a range of developments, including the Trump administration’s plan to increase imports...

USMEF Statement on USTR's Announcement of Trade Deals with Southeast Asian Countries

The Office of the U.S. Trade Representative (USTR) announced agreements on reciprocal trade with Malaysia and Cambodia and frameworks for agreements on reciprocal trade with Thailand and Vietnam.

U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom issued this statement:

USMEF greatly appreciates USTR’s tireless efforts to address both tariff and non-tariff barriers that have kept the U.S. as a minor supplier of red meat to the ASEAN region. With the U.S. beef industry currently lacking access to China, improved access to Southeast Asia is desperately needed to provide...

ANALYSIS: New Zealand Q3 2025 Beef Exports Tumble 4.5% YOY, Hit 11-Month Lows in Sept 2025

New Zealand’s beef exports in Sept 2025 retreated to the lowest level since October 2024, coming in at 27,811 metric tons (mt), according to the latest data from Stats NZ.

Falling by 6.0% month-on-month (M-O-M), outbound shipments were 1,788 mt lower, compared to August 2025, hampered by lower tonnage to the United States (US) and China, while exports to Japan, Korea, Canada...

ANALYSIS: Record Beef Prices and Reduced Cattle Supply in 2025 Are Reshaping the US Market

The 2025 US cattle slaughter pace continues to lag well below historical norms, marking one of the lowest levels for this period in over a decade. Weekly federally inspected slaughter rate is running roughly 7% under 2024, tracking near levels last seen in 2014–2015, when the US market faced a similar phase of herd contraction in...

Teamsters Secure Major Contract Victory for US Foods Drivers Across the South

Following the threat of a strike, more than 200 US Foods drivers across Georgia, North Carolina, South Carolina, Tennessee, and Virginia have overwhelmingly ratified a new four-year collective bargaining agreement.

"We showed US Foods that we would not settle for less," said Glenn Tyler, a driver at US Foods and member of Local 71. "It feels great heading into work knowing we are protected and rewarded under such a strong Teamsters contract."

The workers, represented by Teamsters Locals 61, 71, and 391, won significant gains including wage increases...

Tariff Talks 2025: Expana’s Weekly Rundown #32

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #32."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

...

This week, the US administration has continued to pressure trading partners like India to curb imports of Russian oil as to sanction the country during its war with Ukraine, cited Expana...

Secretary Rollins Announces Plan for American Ranchers and Consumers

Today, U.S. Secretary of Agriculture Brooke L. Rollins, Secretary of the Interior Doug Burgum, Secretary of Health and Human Services Robert F. Kennedy Jr., and Small Business Administrator Kelly Loeffler announced a suite of actions to strengthen the American beef industry, reinforcing and prioritizing the American rancher’s critical role in the national security of the United States. Since 2017, the United States has lost over 17% of family farms, more than 100,000 operations over the last decade. The national herd is at a 75-year low while consumer...

AFBF Cautions Against Disrupting Fragile US Beef Supply

American Farm Bureau Federation President Zippy Duvall commented today on the future of America’s beef supply.

“Farm families are no different from other American families. We feel the impact of higher grocery costs, but don’t get to set the prices. Meanwhile, farmers are suffering through an economic storm – expenses remain high, and cattle farms have been decimated by years of low prices, drought and the threat of the New World screwworm. They are just beginning to experience a fragile recovery...

President Trump Undercuts America’s Cattle Producers

In a misguided effort to lower the price of beef in grocery stores, President Trump said he plans to increase the volume of beef being imported from Argentina. Efforts to manipulate markets only risk damaging the livelihoods of American cattlemen and women, while doing little to impact the price consumers are paying at the grocery store.

“The National Cattlemen’s Beef Association and its members cannot stand behind the President while he undercuts the future of family farmers and ranchers by importing Argentinian beef in an attempt to influence prices,” said NCBA CEO Colin Woodall...

ANALYSIS: China’s Q3 2025 Meat Imports Tumble 3.9% YOY at 1.58M mt Amid Subdued Uptake

China imported 1,581,869 metric tons (mt) of meat, including variety meats in the third quarter of 2025, slumping 3.9% (63,689 mt) from a year ago, according to preliminary data from the General Administration of Customs of China (GACC).

The slowdown in China’s meat imports continued through Q3 as domestic production gains, heavy inventories, and a sluggish economy dampened buying appetite. Persistent trade frictions and the lingering impact of meat plant license suspensions linked to disease concerns and permit lapses also disrupted inflows, particularly...

Beyond Meat Back? Plant-Based Provider Expands at Walmart; Stock Jumps

As of October 21, the plant-based brand known for the pea-protein-based "Beyond Burger" will increase the availability of select products at over 2,000 Walmart stores across the US, according to a Beyond Meat press release.

This week, the Beyond Meat stock is headed skyward after the stock's large IPO and subsequent flatline. Beyond Meat is "surging more than 127% Monday in its best day ever after Roundhill Investments, which develops thematic ETFs, added the name to its Roundhill Meme Stock ETF (MEME)," reported CNBC...

The Retail Rundown: Poultry Promotions Pick Up Steam

Retailers are leaning into autumn demand with meat and poultry features this week, as consumers favor home-cooked meals and prepare for the holiday season.

With Thanksgiving a little more than five weeks away, early holiday promotions are starting to surface. Turkey features are gaining momentum, now accounting for 5% of total ad space, up two points from the previous week.

Retail buying opportunities for seafood and beef held steady week-over-week at 27.5% and 22.2%, respectively. Pork promotions dipped to 21.4% as National Pork Month wraps up, while chicken features rose to 19.4%.

Senate Agriculture Committee Advances Key Wildfire Bill

Today, the Senate Agriculture, Nutrition, and Forestry Committee advanced the bipartisan and bicameral Fix Our Forests Act (FOFA) out of committee. The National Cattlemen’s Beef Association (NCBA) and Public Lands Council (PLC) support full Senate passage of this legislation that directs federal agencies to expand the use of livestock grazing to reduce the risk of catastrophic wildfire across the West.

“The established science is clear: grazing can reduce wildfire risk by up to 80 percent. Given the widespread risk of catastrophic wildfire, the federal government must better utilize grazing to combat the...

ANALYSIS: Record US Calf Weights Reflect Smaller Herds

Federally inspected live calf weights have reached record highs in 2025, averaging above 350 pounds through much of the spring and summer period, well above the three-year seasonal average near 290 pounds. The increase reflects producers feeding calves to heavier weights in response to tighter calf supplies and smaller national inventories. Throughout 2025, live weights have consistently tracked above previous years, with the sharpest divergence noted from March through August. This year’s weights have remained elevated even as temperatures moderate, suggesting continued efforts to maximize carcass yield and offset reduced slaughter...

China's Meat Output Rises Nearly 4% Through Third Quarter 2025 as Imports Fall

China’s meat sector rose 3.8% through the first three quarters of 2025, driven by strong domestic poultry output, while import volumes slumped, according to recently released data from the National Bureau of Statistics (NBS). 

The broader economic picture shows that the world’s second-largest economy grew 4.8% during Q3, its slowest pace in a year, as weak domestic demand left China increasingly dependent on strong export activity. 

Although the growth rate keeps China on track for its roughly 5% annual target, economists question whether the momentum is sustainable, given the country's reliance on external demand amid trade tensions with the United States...

ANALYSIS: Pork Trim Values Remain Historically High Despite Increased Availability

In October 2025, both fresh pork 42% trim and 72% trim values remain historically elevated for this time of year, though recent trading has shown softer tones as supplies improve on the spot market following summer. For the week ending October 13, 2025, 42% trim averaged $0.828/lb, while the 72% trim averaged $1.10/lb. Compared to this same week last year (October 16, 2024, at $0.717/lb for 42s and $0.928/lb for 72s), prices are higher by approximately 15.5% and 18.5%, respectively...

M.C.I. Foods, Inc. Recalls Ready-To-Eat Breakfast Burrito and Wrap Products Due to Possible Listeria

M.C.I. Foods Inc., a Santa Fe Springs, Calif., establishment, is recalling approximately 91,585 pounds of specific lots of ready-to-eat (RTE) breakfast burrito and wrap products containing egg that may be adulterated with Listeria monocytogenes (Lm), the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The individually packaged and bulk packed frozen breakfast burritos and wraps were produced between September 17, 2025, and October 14, 2025. A list of the products subject to recall can be found here...

USDA Shares New World Screwworm Response Playbook

The United States Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) is announcing the availability of the New World Screwworm (NWS) Response Playbook. The playbook outlines key approaches, resources, and tools to implement animal health response activities in the event of a U.S. detection of NWS. 

“USDA continues to execute our five-pronged plan to keep NWS out of the United States,” said U.S. Secretary of Agriculture Brooke L. Rollins. “While we continue to aggressively protect the U.S. border and are working with Mexico to stop the pest from continuing to spread further north, we also have to ensure our domestic response plans are ready to activate if needed...

ANALYSIS: Low US Slaughter Drives New Seasonal Pattern in Chuck Rolls

The Choice Chuck Roll market experienced an unusually early and aggressive rally in 2025, with prices climbing sharply from late July through early September, well ahead of the typical seasonal upturn seen in late August or early October. This year’s rally peaked more than 60% above early-summer lows, driven by strong forward buying and limited spot market availability as packers operated under reduced slaughter schedules.

Weekly federally inspected slaughter has consistently run below year-ago levels, most recently totaling 547,000 head, the lowest for this...

ANALYSIS: A 2021 Pattern Emerges for the US Choice Cutout in 2025

Since June, Expana's Choice cutout has shown decreases of 8–10% and gains of 9–13%. The last time values fluctuated this much during the same time frame was in 2021, when they declined by roughly 16% and increased by 25%. While the swings in 2021 were more volatile, the overall pattern remains similar, even when comparing data going back to January. In 2021, there was about a 55% uptick from January to June, whereas in 2025, the same period saw a 24% rise. Again, although the degree of volatility differs, the pattern is comparable.

Current sentiment around the cutout points to steadiness with slightly...

The Retail Rundown: Retail Promotions Pivot Toward Baking and Comfort Foods

By mid-October, grocery retailers are shifting their marketing focus toward fall comfort meals, baking, and holiday preparation.

Typically, retail egg sales see a seasonal lift as more consumers cook hot breakfasts at home. The onset of baking season further boosts demand, with more eggs being used in breads, pies, pastries, and other seasonal favorites.

In the shell egg market, Expana reports a mixed retail landscape—some retailers are seeing stronger demand as cooler weather sets in, while others note slower movement following lackluster promotional outcomes...

ANALYSIS: Fresh 90s Ranges Drop Into Competition With Imported 90% Items

Friday’s closing report for domestic boneless beef encountered a range of $386-428/cwt, while imported blend cow 90% from Australia and New Zealand ticked upward to $386-390/cwt bringing the two within similar ranges. While the range remained wide for fresh product, the low side signaled a drop that could cause some slight demand shift toward domestic material while both remain in similar ranges.  

In the US, the fall cow run has ramped up as some participants have begun to send more cows...

China’s Hog Prices Fall to Yearly Low as Industry Eyes Capacity Cuts

China’s hog prices have fallen to their lowest level this year despite the usual boost seen during the Mid-Autumn Festival and National Day holidays, 21st Century Business Herald, a Chinese state-owned media outlet, reported. 

According to data from the Ministry of Agriculture and Rural Affairs, the national average live hog price was down 2.8% from the previous week and 29.5% year-on-year during the first week of October. Prices fell across all 30 monitored provinces. Since mid-July, hog prices have dropped...

Women in Food and Agriculture Summit 2026 to Unite Industry Leaders

Expana, the world’s largest agrifood market intelligence provider, is proud to announce the return of the Women in Food and Agriculture (WFA) Summit, taking place on Tuesday, February 24, 2026 at the Okura Hotel in Amsterdam. 

Since 2019 this highly anticipated global event has brought together leaders, innovators and up and coming executives from across agrifood value chains for a day of inspiration, empowerment and real-world learning. With a dynamic program of keynotes, workshops and networking, the WFA Summit is designed to deliver actionable content

Walmart Partners with OpenAI to Create AI-First Shopping Experiences

Walmart is ushering in the next generation of retail by combining its huge assortment, everyday low prices and delivery speed with the power of AI. Today, the company announced a new partnership with OpenAI that will start with allowing customers and members to soon shop Walmart through ChatGPT using Instant Checkout. Whether planning meals, restocking household essentials, or finding something new, customers can simply chat and buy, and Walmart will handle the rest.

“For many years now, eCommerce shopping experiences have consisted...

Inside QDOBA's Growth Strategy with New CMO Jon Burke

Expana recently had the chance to catch up with Jon Burke, the newly promoted Chief Marketing Officer (CMO) of QDOBA.  He offered a behind-the-scenes look at what’s next for the rapidly expanding restaurant chain. With over 825 stores across the United States and Puerto Rico and a pipeline of 600 more, QDOBA is gearing up for its first national marketing campaign. 

In the announcement about this promotion, CEO John Cywinkski said, "Jon is a trusted and respected leader who has earned this opportunity...

Morliny Foods' Acquisition of the Wolf Group

Morliny Foods Holding Limited (UK) today announced the acquisition of Wolf Group, a leading German producer of premium sausages, convenience, and ready meals. This strategic transaction marks a significant step in Morliny Foods' European expansion, strengthening its position in one of the continent's largest consumer markets for packaged meats and convenience products. The acquisition aligned with Morliny Foods' strategy to grow in value-added packaged meat categories across Europe.

The transaction also opens opportunities for enhanced access to German distribution channels for Morliny Foods' portfolio products, serving as a solid foundation for sustainable growth in the German and wider European markets...

Expana will be observing the Indigenous Peoples’ Day holiday on Monday, October 13

Expana is observing Indigenous Peoples’ Day on Monday, October 13, and US offices will be closed.

This will impact the publication of some Expana Benchmark Prices and daily reports (red meat, poultry, eggs) will not be published. Our weekly report, Mexican Beef, Export and Domestic Markets, was published today- Friday, October 10.

Our regular publishing schedule will resume on October 14, 2025. See the full details of the Expana publishing schedule here.

Wendy’s Unveils “Project Fresh” to Drive Growth and Elevate Brand Value

Looking to enhance its brand after a disappointing valuation, The Wendy's Company has unveiled Project Fresh. According to the Board of Directors, this strategic plan is designed to accelerate profitability and enhance shareholder value.

"Wendy's Board of Directors and management team are dissatisfied with the current valuation of the Company and have been working to put the Company on the right path to create value for our franchisees, employees and shareholders," said Chairman of the Board, Art Winkleblack. "Execution is underway and we are confident that Project F

Tariff Talks 2025: Expana’s Weekly Rundown #30

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #30."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

...

On October 7, US President Trump and Canadian Prime Minister Carney met in the White House. The possibility a US-Canadian trade deal was a main topic of discussion...

ANALYSIS: YTD Retail Ground Chuck Sale Volumes Fall YOY While Dollar Value Ticks Up

So far in 2025, ground chuck sales have reached over $755M with total transactions around 135 M units. Compared to 2024, the sum of total sales is up by $11M (+1.54%). This can in part be explained by rising input costs on the wholesale market. This has pushed retail prices higher now sitting at a record high of $6.63/lb. Year-over-year (YOY) this is an increase of...

Four September Storms Batter Farms, Fields Across Philippines, Vietnam, and South China

Four storms — Typhoons Ragasa (Nando) and Bualoi (Opong) and Tropical Storm Mitag (Mirasol) in the Philippine Sea, and Typhoon Tapah (Lannie) in the South China Sea — swept through the region in September, damaging rice, corn, coconut, and strawberry crops, as well as fish and livestock farms, while disrupting supply chains and transport routes, said Demelza Knight, Weather and Crop Researcher at Expana.   

Knight highlighted that Typhoon Ragasa, the strongest of the storms, formed in the Philippine Sea on September 18

The Retail Rundown: Strategic Promotions Boost October Protein Opportunities

October offers a strategic window for retailers to tap into increased consumer demand for protein, thanks to the alignment of seasonal supply, promotional campaigns, and competitive pricing.

National Pork Month, observed this month, coincides with a peak in pork production—averaging about 2.5 billion pounds over the past five years, up nearly 9% from September.

This seasonal surplus enables retailers to run targeted promotions that pair attractive pricing with educational content, driving both consumer engagement and sales...

Vertical Cold Storage's Strategic Expansion with First Customs Bonded Warehouse

In today's global trade environment, customs bonded warehousing has become increasingly appealing to businesses seeking financial flexibility.

Tariffs can significantly inflate costs, but by deferring duties until products are sold in the US market or re-exported, companies can optimize cash flow and gain strategic operational advantages.

Vertical Cold Storage, a leader in cold storage and logistics for the food and beverage industry, is marking an achievement with the full licensing of its first customs bonded warehouse.

The company strategically chose to expand at its...

ANALYSIS: Uruguay’s Beef Exports Down 9.4% MOM in September to 29,369 mt

According to the latest data released by Uruguay’s National Customs Directorate, fresh beef exports dropped 9.4% MOM to 29,369 metric tons (mt) in September. Compared to the same period last year, this is still 14.1% higher.

China continued to play a significant role as the main destination with 45.4% of total shipments in September, or 13,337 mt. This is 9.0% lower than August but reflects a notable 30.2% growth YOY. On a year-to-year basis, beef exports to the Asian country accounted for 116,187 mt so far this year, a 4.9% growth compared to the same period in 2024...

New Report From FMI Reveals a Significant Shift in Consumer Dining Habits

A new report from The Food Industry Association (FMI) uncovers a significant shift in dining habits.

The study shows that consumers are increasingly choosing deli-prepared foods in place of restaurant meals.

The Power of Foodservice at Retail 2025 examines the factors influencing consumer motivation for choosing deli-prepared options, offering insights from the consumer's perspective on foodservice at retail.

Data from the report revealed that 53% of Americans now take a hybrid approach to creating meals; combining deli-prepared options with other items...

2025 Industry Insights on Consumer Resilience and Holiday Shopping Trends From ICSC

In 2025, the world continues to navigate challenges like the fluctuating job market, food inflation, politics and tariffs.

Amid these uncertainties, the International Council of Shopping Centers (ICSC) is dedicated to supporting and enhancing marketplaces where people shop, dine, work, play, and gather, viewing them as vital to both communities and economies.

The company has released its 2025 Holiday Shopping Intentions survey, highlighting consumer resilience in seeking value and experiences despite individual financial obstacles.

The survey indicates an anticipated 3.5-4% growth in retail...

Campbell's Names Todd Cunfer as New Executive VP and CFO

Campbell's has appointed a new Executive Vice President and Chief Financial Officer following the resignation of Carrie Anderson.

The company welcomed Todd Cunfer to his new position in an announcement Tuesday, effective October 20, 2025.

Cunfer will oversee Campbell’s finance functions, including controllership, corporate financial planning and analysis, corporate strategy and development, tax, treasury, internal audit, investor relations, transactional services, and financial systems.

He is a seasoned industry executive with more than 25 years of experience in the consumer packaged goods industry...

ANALYSIS: Brazil’s Fresh Beef Exports Set a New Record at 314,690 mt in September 2025

According to the latest data released by Brazil’s Ministry of Development, Industry, Trade, and Services, Brazilian beef exports totaled 314,690 mt in September, reflecting a 17.2% monthly growth and a 25% increase year-over-year (YOY). This figure surpassed the previous record of 276,879 mt achieved two months ago...

Arby’s Debuts Steak Nuggets for a Limited-Time

Today, amidst the overwhelming popularity of chicken options in food service, Arby's is betting on its latest innovation.

True to its slogan, "We Have the Meats," the company has launched steak nuggets for a limited time.

“Who doesn’t love tender and savory steak? But, until now, it’s been inconvenient to eat, particularly on the go,” said Jeff Baker, Chief Marketing Officer at Arby’s. “That’s why we created this new innovative product. Two of America’s favorite foods – nuggets and steak – combined to create Arby’s Steak Nuggets. No knife needed, fork...

ANALYSIS: Australia’s Q3 2025 Beef Exports Soar 16.2% YOY on China-Led Surge

Australia’s beef exports in Q3 2025 surged 16.2% year-on-year (YOY) to 425,016 metric tons (mt), data from the Department of Agriculture, Fisheries and Forestry (D.A.F.F.) showed.

Exports expanded by 59,176 mt in the third quarter as Australia capitalized on global supply gaps and tariff-driven realignments in key markets.

China led the quarterly growth, with volumes climbing 55.6% or 26,431 mt as buyers turned to Australian beef to replace grain-fed US product following punitive tariffs and delayed import license renewals since April...

Expana Announces Agri-Food Europe 2026: The Industry Event for Market and Procurement Strategy

Expana, the world’s largest food and agriculture price reporting agency (PRA) and market intelligence provider, announces the return of Agri-Food Europe, taking place February, 25-26, 2026, at the Hotel Okura in Amsterdam.   

Building on a successful 2025 edition that united over 300 senior executives across buying, selling, finance, sourcing, and supply chain roles, Agri-Food Europe 2026 stands as the strategic industry event for global leaders in the food and agriculture commodity markets. 

The event delivers two days of critical market insight

FSIS Issues Public Health Alert For Ready-To-Eat Meals That May Be Contaminated With Listeria

The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for FSIS-inspected ready-to-eat meals produced by FreshRealm containing a Food and Drug Administration (FDA) regulated ingredient, specifically spinach, that may be contaminated with Listeria monocytogenes (Lm).

FSIS expects additional affected products to be identified and will update this public health alert as more information becomes available. Consumers should check back frequently.

The following products are subject to the...

Trump Teases Lula Meeting; Implications for Global Beef, Coffee Markets

On October 6, US President Trump teased an upcoming meeting with the Brazilian President via Truth Social. The current tariff expense for doing trade between the two countries has reorganized the flow of beef and stifled coffee trade, for example. Individuals involved in these markets and beyond are waiting to see if US tariffs on Brazil will be revised.

“This morning, I had a very good telephone call with President Lula, of Brazil. We discussed many things, but it was mostly focused on the Economy, and Trade, between..."

Port of LA Seeks Proposals for New Pier 500 Container Terminal

The Port of Los Angeles has announced its search for proposals from parties interested in the pre-development of Pier 500, a project designed to boost cargo efficiency and accommodate larger, next-generation cargo ships. This development comes after decades of efforts to increase capacity amid rising demand at one of the United States' busiest ports.

The proposed site for Pier 500 spans 200 acres and will feature two berths and approximately 3,000 linear feet of new wharf. Situated at the southern tip of...

Tariff Talks 2025: Expana's Weekly Rundown #29

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #29."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

...

On September 29, the US placed 50% tariffs on imports of timber, lumber, and their derivative products, according to the US Presidential Action. 

Also starting October 1, the US will be imposing 100%...

DoorDash Announces New Innovations With Delivery Robots and App Enhancements

DoorDash has recently made headlines with innovative strategies connecting customers to local retail, food, and beverages.

Its mission, as stated on its website, is "to empower and grow local economies by opening doors that connect us to each other. When you order something you need, local merchants get business, and Dashers get paid."

The company continues to look for ways on pressing the dial in service, while elevating its features. It recently announced the launch of the DoorDash Dot- a fully electric, autonomous delivery robot...

ANALYSIS: US 2025 Ground Beef Heats Up, Pre-Labor Day Sales Jump 12%

In the week leading up to Labor Day 2025, the retail fresh ground beef market outperformed the same period in 2024 according to Circana data, with total sales climbing 12% year-over-year (YOY). Distribution improved modestly by 3%, reflecting stronger retail penetration, while discounted sales rose only slightly. This signals that the bulk of demand strength was driven by underlying consumer pull rather than promotional activity. 

Course ground blends highlighted this trend. The 70–77% lean...

FDA Conditionally Approves First Drug for Prevention and Treatment of New World Screwworm 

Today, the U.S. Food and Drug Administration conditionally approved Dectomax-CA1 (doramectin injection) injectable solution for the prevention and treatment of New World screwworm larval infestations, and prevention of NWS reinfestation for 21 days. Dectomax-CA1 is conditionally approved for use only in cattle. 

“We understand the urgency with which America’s farmers and ranchers are asking for tools to fight New World screwworm,” said FDA Commissioner Marty Makary, M.D., M.P.H. “Today’s conditional approval – the first in the U.S. for NWS – shows our dedication to rapidly advancing important animal medicines when they are needed most. We...

ANALYSIS: USDA Report Highlights Continued Declines in Frozen Pork Inventories

The USDA’s August Cold Storage report, released on Friday, reveals that frozen pork stocks have remained near 10-year lows throughout most of 2025, with several months registering inventories 10–20% below the decade-long average. This persistent shortfall reflects a combination of reduced hog slaughter and production volumes, driven in part by recent disease outbreaks, alongside the lingering impact of the Prop 12 implementation in 2024. Seasonal inventory patterns, characterized by spring and...

ANALYSIS: US Boneless Beef Cold Storage Stocks Hit 52-Week Low in August 2025

Boneless beef stocks hit a 52-week low in the latest USDA Cold Storage report, with just 354.7 million pounds (M lbs) in freezers nationwide. This marks a modest month-over-month decline of 2.3 M lbs (-0.7%).

On a year-over-year basis, 2025 cold storage levels have closely mirrored 2024, with both years consistently falling below the 5-year average. The reduced cattle slaughter has led to tighter supplies and lower volumes of beef entering cold storage. Meanwhile, existing inventory is being...

ANALYSIS: US Flank Steaks Remain at Unprecedented Levels for This Time of Year 

Flank steak prices typically decline as summer winds down and grilling season comes to a close, but 2025 has proven to be an exception. In September, weekly prices reached a historic high, surpassing the previous record set in 2023. Since August, values have reached their highest levels for this period in nearly four decades, surpassing all years back to 1985. 

Historically, flank steak prices begin to soften from mid-to-late July into August. However, that seasonal decline hasn't occurred this...

Trump Claims He Will Meet With Lula; No Date Yet

On Tuesday in New York, US President Trump gave remarks to the United Nations General Assembly, via the White House live stream. At the end of his remarks, Trump began speaking about tariffs--disclosing that he'd be meeting with Brazilian President Lula in the coming week(s).

"Brazil now faces major tariffs in response to its unprecedented efforts to interfere in the rights and freedoms of our American citizens and others," started Trump who alluded to the conviction of former Brazilian President Bolsonaro and about unfair trade between the US and Brazil...

Expana Unveils New Unified Platform Transforming Global Food Market Data Into Strategic Intelligence

Expana, the world’s largest agri-food-focused Price Reporting Agency (PRA), launches a modern integrated platform that combines trusted pricing data with AI-enhanced cost models and personalized insights.

Built on the legacy of Urner Barry, Mintec, Feedinfo, Tropical Research Services (TRS) and Stratégie Grains, Expana unites 200+ years of expertise into a modern hub. The platform delivers a comprehensive food commodity database and actionable intelligence for volatile markets.

Expana is supported by IOSCO-assured pricing, predictive analytics, cost modeling and expert analysis.

United Natural Foods Announces Fourth Quarter Financial Results

United Natural Foods has released details of its financial results for the final quarter of its fiscal year.

Net sales reached $7.7 billion in the quarter, marking a 1.6% increase year-over-year (YOY). The gross profit for this period was $1.03 billion.

The report highlighted operating expenses of $1.046 billion, or 13.6% of net sales, compared to $1.075 billion, or 13.2% of net sales in 2024.

The company reported a net loss of $87 million in the fourth quarter...

Potential Tariff Adjustments for Aligned Partners: Coffee, Cocoa Among Exempt Commodities

As of September 5, products like coffee, cocoa, and tea (along with hundreds more) may be exempt from US reciprocal tariffs if a country’s leaders make a deal with the US trade team, according to a White House fact sheet that specifies exemptions for trading partners that make substantial, reciprocal commitments to mitigate the national emergency-inducing trade-deficit.

To date, market participants watched as deals with the European Union and Indonesia provided a vague mention towards exemptions for “natural resources” like EU cork...

ANALYSIS: September Pork Cutout at Decade Highs Despite Recent Softening

The weekly Expana Pork Carcass Cutout is navigating at 10‑year highs for September, despite some recent softening in daily readings. The cutout is currently 7.9% above this same point in 2024 and 28.4% higher than the 10‑year average...

UPDATE: Public Health Alert for Listeria Contamination in Marketside Linguine with Beef Meatballs

Editor's Note: The FSIS updated this health alert September 26, 2025 after this article was published. This story was updated to reflect those changes on September 29, 2025.

In addition to the “MARKETSIDE LINGUINE WITH BEEF MEATBALLS & MARINARA SAUCE”, which can be found at Walmart, the FSIS updated its announcement to include “TRADER JOE’S CAJUN STYLE BLACKENED CHICKEN BREAST FETTUCINE ALFREDO” found exclusively at Trader Joe's.

This product comes with "best if used by" dates of September 20, 24 and 27 of 2025 printed on the label, and bears...

ANALYSIS: Hogs and Pigs Report Reflects Smaller Breeding Herd

According to the USDA's Quarterly Hogs and Pigs report, the total United States hog and pig inventory as of September 1, 2025, was 74.5 million head. This figure was down 1% from the same period in 2024 but up 1% from the previous quarter. The breeding herd totaled 5.93 million head, reflecting a 2% decline year-over-year and a slight decrease from June. Market hog inventory came in at 68.5 million head, also 1% below last year but 1% higher than the prior quarter.

The report shows a modest...

ANALYSIS: Japan’s Aug 2025 Beef Imports Pull Back 7.9% MOM as Household Spending Sags

Japan’s beef imports in August 2025 fell 7.9% month-on-month (MoM) at 43,221 metric tons (mt), according to the latest data from Japan’s Trade Statistics.

Inbound shipments dropped 3,720 mt from the prior month, with weaker volumes noted across all key suppliers such as from Australia, the United States (US), Canada and New Zealand.

Kroger and DoorDash to Bring Fast, Convenient Grocery Delivery to Millions Nationwide

DoorDash, a global leader in local commerce, and The Kroger Co., America's grocer, announced an expansion of their relationship to bring Kroger's full grocery assortment, including fresh food, exclusive Our Brands products, and affordable everyday essentials to customers. Through the expanded relationship, Kroger will make shopping easier for customers, leverage the company's growing store network in new ways, and attract new households and incremental shopping occasions.

Customers want the convenience of on-demand delivery paired with value and savings from their...

FSIS Issues Recall for 58 Million Pounds of Corn Dogs and Sausages on a Stick Products

The Food Safety and Inspection Service (FSIS) of the US Department of Agriculture (USDA) has announced a recall of approximately 58 million pounds of corn dog and sausage-on-a-stick products. This action follows reports of wood pieces being embedded in the product batter.

An investigation was prompted by multiple customer complaints and has, so far, identified five injuries associated with the issue.

Hillshire Brands Company conducted an internal investigation, revealing that fragments from the wooden sticks entered the production...

Secretary Rollins Speaks on State of Farm Economy; Announces Suite of Actions to Support Farmers

Today, in Kansas City at the Agriculture Outlook Forum, U.S. Secretary of Agriculture Brooke L. Rollins spoke on the current state of the farm economy in the United States and addressed the ways President Trump is supporting American agriculture. U.S. farm production inputs are significantly more costly than four years ago, putting pressure on farmers’ bottom line. Between 2020 and now, seed expenses have increased 18%, fuel and oil expenses increased 32%, fertilizer expenses increased 37%, and interest expenses increased by a whopping...

Standard Meat Company Celebrates 90 Years with New Fort Worth Facility

Proven Leadership, People-First Focus, and an Innovative New Plant Build on Strong Family Foundation for the Future

Standard Meat Company (SMC), a fourth-generation, family-owned innovator in the protein processing and packaging industry, celebrated a major milestone with 90 years in business.

Founded in 1935 (with roots going back even further to a family meat stall in Fort Worth's historic public market) the company has evolved into a global supplier for the food service and retail industries, partnering with some of the most forward-thinking...

ANALYSIS: Veal Slaughter Remains Well Below Year Ago Levels

USDA data shows special-fed veal slaughter in the Northeast and North Central regions remains well below prior years, with year-to-date totals through mid-September 2025 at 50,984 head, down 35% from 2024 and over 40% below 2022. Weekly kills have consistently tracked under the 3-year average. According to some market participants, supplies remain short as calf availability continues to be limited, in part due to market competition and elevated young calf values.

Packers have also been operating on reduced schedules, with several noting difficulty securing consistent head...

ANALYSIS: US Lamb Weights Trending Lighter

US lamb liveweights have been trending below year-ago levels in recent weeks, with USDA Federally Inspected weekly slaughter data showing averages 6 to 9 pounds lighter than the same period in 2024. Early September weights came in around 112 to 114 pounds, down from the 121 to 122 pound range seen during this same time last year. While the year-to-date average is holding near 123 pounds, roughly flat with 2024, it masks a consistent seasonal downtrend that began in late June...

Tariff Talks 2025: Expana's Weekly Rundown #28

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #28."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

...

On Tuesday in New York, US President Trump gave remarks to the United Nations General Assembly, via the White House live stream...

ANALYSIS: Argentina’s Beef Exports Rose 11.2% M-O-M in August to 70,854 mt

Argentina’s beef exports increase for the fifth consecutive month, up 11.2% month-over-month (M-O-M) to 70,854 metric tons (mt) in August, according to the latest data released by the National Institute of Statistics and Census. On a year-over-year (Y-O-Y) basis, this represents a slight 1.1% gain compared to the same period in 2024.

China remained by far the main destination for Argentina’s beef, representing 72.2% of total exports in August, reaching 51,177 mt. This is 12.1% higher than July’s figure and accounts for a marginal 0.7% increase Y-O-Y. On a year-to-date basis, China’s share of Argentina’s beef exports now stands at 69.9%, totaling...

ANALYSIS: New Zealand’s Aug 2025 Beef Exports Retreat to 29,805 mt on Low Output

New Zealand’s beef exports in August 2025 fell for the third straight month, coming in at 29,805 metric tons (mt), according to the latest data from Stats NZ.

Falling to the lowest level since October 2024, outbound shipments were 19.5% lower, or 7,218 mt compared to July 2025 across all key destinations including the United States (US), China, Japan and Korea, while shipments to Canada increased...