Joint Statement by the Heads of the IEA, IMF, World Bank Group, and WTO

The Heads of the International Energy Agency, International Monetary Fund, World Bank Group and World Trade Organization met on May 28 as part of the high-level coordination group established in April to maximize their institutions’ response to the energy, trade, and economic impacts of the war in the Middle East. Following the meeting, they issued the statement below:

“The war in the Middle East is generating substantial and highly asymmetric impacts on energy supplies, food security, and economic activity across countries and regions. While the...

Expana's Weekly Top 10

Today, Expana’s Weekly Top 10 highlights the headlines shaping the week, as reported by Expana’s writers and market experts.

As summer gets underway, weather‑driven shifts in grilling demand are pushing retailers to pivot toward Father’s Day promotions. Trade and geopolitics remain major market disruptors, with renewed USMCA talks, evolving US‑China tariff signals, seafood trade enforcement pressure, and Middle East developments influencing energy and freight markets. This week’s update also covers industry consolidation, product reformulation amid easing cocoa prices, and new fertilizer supply coming online as Brazil...

Walmart Brings 30-Minute-or-Less Delivery to 33 US Markets

Walmart is making shopping more convenient than ever with the availability of 30-minute-or-less delivery across 33 U.S. markets. Designed to help save customers time and simplify everyday life, the service gives customers another flexible way to get the items they need, want and love — when they need them.

Customers can shop from more than 100,000 eligible items, including fresh groceries, pantry staples, baby essentials, cold and flu medicine, household supplies, pet food, electronics and prescription delivery.

The availability of 30-minute-or-less delivery builds on...

Wakefern Expands Domestic Kosher Beef Program With Direct Sourcing for ShopRite Supermarkets

Wakefern Food Corp., is expanding its fresh domestic kosher beef program across ShopRite stores, rolling out a new direct‑sourcing model designed to improve supply consistency and broaden access to OU‑certified products.

Under the program, select ShopRite locations with kosher meat departments under rabbinical supervision will offer a wider assortment of fresh, high‑quality domestic kosher beef, including bone‑in and boneless cuts, steaks, roasts and offals. The initiative strengthens Wakefern’s access to US‑sourced beef and increases availability of...

Middle East Market Intelligence Brief: Week Ending May 29, 2026

Three months into the Iran war, the United States and Iran have reached a tentative framework to extend a ceasefire, reopen the Strait of Hormuz, and ease some US blockade measures, though the deal has not been approved by US President Donald Trump, reports Reuters. 

The proposed agreement would create a 60-day window for broader negotiations after months of conflict disrupted global oil, LNG, and other commodity markets. Major unresolved issues include Iran’s nuclear program, sanctions relief, and security in the Strait of Hormuz.

The framework is seen as a temporary de-escalation measure aimed at stabilizing energy markets rather than...

ANALYSIS: Staggering Differences for US Select and Prime Grading Percentages YTD Compared to 2025

Select and Prime grading percentages are experiencing a standout year so far compared to previous years, while Choice is holding fairly steady to that of the previous three years. The Prime grading percentage continues to push higher with new record highs being set multiple times so far this year, and the end of the second quarter of the year is still roughly a month out. Year-to-date (YTD), 2026 Prime grading is up roughly 35% compared to 2025. If...

ANALYSIS: Mexican Beef Exports to the US Slow During May

The Mexican export market continued reflecting cautious buying behavior during May, as uncertainty surrounding the future direction of tariffs on alternative beef origins continued limiting broader forward commitments from buyers. Mexican beef movement into the US has generally remained above year-ago levels, although volumes have shown a gradual downward trend throughout the month following the stronger pace observed earlier in the year. Market participants continued describing most purchasing activity as largely hand-to-mouth...

CBP Laredo Field Office Warns Traveling Public About the New World Screwworm Threat

U.S. Customs and Border Protection, Laredo Field Office, is warning the South Texas traveling public about the threat of the New World Screwworm through a public awareness campaign.

CBP Laredo Field Office has developed an informational tearsheet in English and Spanish that advises about the threat of NWS and is distributing the tearsheet at the eight ports of entry from Brownsville to Del Rio, Texas that comprise the Laredo Field Office area of responsibility. CBP Laredo Field Office is amplifying this same message via Director, Field Operations...

DoorDash, Deliveroo and Wolt Launch First Global FIFA World Cup 2026 Campaign

DoorDash is taking its FIFA World Cup 2026 sponsorship global, launching a new international campaign with Deliveroo and Wolt as the three brands come together in a shared marketing push for the tournament.

The campaign, titled “Deliver Us to Fútbol,” rolled out today across TV, BVOD, out-of-home, paid digital, audio and social channels. It marks the first international creative campaign spanning DoorDash and its global portfolio brands, with local activations, events and partnerships planned across the US, Canada, the UK...

Chipotle Builds on Rewards Momentum With Return of ‘Summer of Extras’

Chipotle is reviving its “Summer of Extras” promotion for the second year in a row, extending its push into gamified loyalty as restaurant brands look for new ways to drive frequency and deepen digital engagement.

The summer campaign runs from June 1 through Aug. 31 and gives Chipotle Rewards members a free entrée for every seven monthly visits. This year’s version adds more engagement tools, including local restaurant rankings, state and national leaderboards, badges, progress tracking, limited-time “Side Quests” and weekly Rewards Exchange...

Hormel Foods Delivers Strong Q2 Growth Across All Segments

Hormel Foods posted stronger second-quarter fiscal 2026 results, driven by growth across all three business segments and continued momentum in its protein-focused portfolio.

The company reported net sales of $2.97 billion for the quarter ended April 26, with organic net sales up 3%. Operating income totaled $217 million, while adjusted operating income reached $294 million. Diluted earnings per share were $0.29, or $0.40 on an adjusted basis.

“We delivered strong second quarter results marked by profitable growth and improved performance...

ANALYSIS: Japan and Mexico Lead Strong 2026 Q1 Growth in US Beef Variety Meat Exports

US beef variety meat exports according to the US Meat Export Federation posted very strong growth through the first quarter of 2026, with total world exports reaching 80,654 metric tons (MT), up 14% from the same period in 2025. Export value showed even more impressive growth, climbing 45% year over year (YOY) to $367.6 million, highlighting the significantly stronger pricing environment for variety meats globally.

Mexico remained the dominant destination market, importing 33,404 MT through March, an 11%...

Tyson Foods Announces Jeff Schomburger to Succeed Donnie King as President and CEO

Tyson Foods, Inc. (NYSE: TSN) announced today that Jeff Schomburger has been named President and Chief Executive Officer, effective October 4, 2026. Following a period of transition beginning in July, Schomburger will succeed King who has had an incredible 43-year career with the company. Schomburger has been a member of the Tyson Foods Board of Directors since 2016, providing him a strong understanding of the company’s operations and strategy.

Schomburger brings deep customer and consumer brand experience to the role, having held multiple senior leadership positions throughout...

TSCRA Attends Ribbon Cutting at Kerrville ARS Facility

Texas & Southwestern Cattle Raisers Association President Stephen Diebel today [May 27, 2026] attended the grand opening and 80^th anniversary of the Knipling-Bushland U.S. Livestock Insects Research Laboratory operated by the Agricultural Research Service (ARS).

Texas & Southwestern Cattle Raisers Association was well represented at the grand opening and communicated the association’s support of the valuable research conducted at the Kerrville facility focused on protecting livestock from pests, such as the New World screwworm.

“The Kerrville facility has a rich history in the New World screwworm fight,” Diebel said. “The groundbreaking work that took place 70 years ago continues to serve as an investment in pest management for our livestock industries.”

NIFA Invests $990K in Response to New World Screwworm Threat and Bovine Theilerios

NIFA (the National Institute of Food and Agriculture) has funded — through the Rapid Response to Emerging and Re-emerging Pest and Diseases Events Across Food and Agriculture Systems program — one project that addresses the threat of New World Screwworm and one project that addresses the spread of bovine theileriosis. Rapid responses to pest and disease events are critical to maintaining a secure, accessible, safe, nutritious, affordable and abundant food supply. Innovative Extension and applied research efforts are needed to alleviate the impacts pest and disease events...

This bovine TB research is the first regionalised project of its kind to tackle the disease with a holistic package of measures centred around wildlife, cattle and people.

Operating in the Derry City and Strabane region in Northern Ireland, and north-east Donegal in the Irish Republic, it has already secured around £5.6million from the Irish Government’s...

USDA Opens State-of-the-Art Livestock Insects Research Laboratory to Combat Livestock Pests

The United States Department of Agriculture’s (USDA) Agricultural Research Service (ARS) opened the Knipling-Bushland U.S. Livestock Insects Research Laboratory, a state-of-the-art laboratory facility today that will provide the U.S. cattle industry with innovative tools and advanced technologies to manage and eliminate the invasive fly and tick pests that threaten the U.S. cattle industry.

“The Trump Administration has been committed to eradicating pests that could harm our American livestock since the President has been sworn in. The brand new Knipling-Bushland U.S. Livestock...

ANALYSIS: US Bone-in Ham 23/27 Balanced as Stronger Peso Supports Mexican Demand

The 23/27 trimmed selected ham market in May 2026 continues to see demand supported by a more favorable currency backdrop for its largest export market. The Mexican peso has strengthened about 10.6% against the US dollar year over year (YOY), improving from roughly 19.45 pesos per dollar in May 2025 to around...

ANALYSIS: US Pork Belly 13/15 Prices Ease From 2025 Highs as Seasonal Demand Window Opens

US pork belly prices have continued to ease since late March 2026, with the derind belly 13/15 lb currently trading near $1.40/lb. This is down more than 20% from late-March levels and about 13% below the five-year May average of $1.61/lb. The decline has mainly been driven by increased spot belly availability, while downstream demand...

Weaver Meats Expands Ohio Plant to Grow Co-Packing and Private-Label Capacity

Weaver Meats has completed its latest plant expansion in Painesville, Ohio, increasing processing space to more than 40,000 square feet as the family-owned meat snack manufacturer looks to grow its co-packing and private-label business.

The project adds 18,500 square feet to the facility and includes equipment upgrades across grinding, stuffing and packaging. Company leaders said the added capacity positions Weaver Meats to take on new business immediately, particularly from customers seeking a manufacturing partner for jerky, snack sticks and other...

New Cash Incentive Program Accelerates Dairy Queen Franchise Growth

International Dairy Queen, Inc. (IDQ), through its wholly owned subsidiaries American Dairy Queen Corporation and Dairy Queen Canada Inc., leaders in the quick-service restaurant industry, today announced a new franchise incentive aimed at driving continued growth across the U.S. and Canada. The program rewards both new and existing franchisees who meet agreed‑upon opening timelines. It also provides additional, larger incentives for multi-unit growth.

The new program provides franchisees who open a new, freestanding DQ Grill & Chill® restaurant on schedule...

Second Senior Kroger Executive Announces Retirement This Month

Kroger said Tim Massa, Executive Vice President and Chief Associate Experience Officer, will retire Sept. 18, closing out a 16-year run in which he helped shape the retailer’s people strategy, labor approach and leadership pipeline.

Massa has been with Kroger for 16 years, following a long tenure at Procter & Gamble. During his time at Kroger, he held several senior leadership roles, including Group Vice President of Human Resources and Labor Relations, Chief People Officer, Senior Vice President, and Executive Vice President and...

The Retail Rundown: Retail Focus Shifts Toward Father’s Day Grilling Demand

Cold and wet weather across several regions of the country dampened Memorial Day grilling plans, likely creating a softer-than-anticipated kickoff to the unofficial start of the summer grilling season.

Attention is now quickly turning toward the next major grilling occasions of the summer—Father’s Day and the Fourth of July holiday period. These seasonal events historically begin to influence demand patterns for grilling staples such as bellies, loins, ribs, and steaks. 

Following Memorial Day, protein promotions have shifted more heavily toward seafood, which now accounts...

Walmart Enhances Supply Chain to Bring Customers What They Need, When They Need It

Continuing its commitment of Everyday Low Prices (EDLP) for customers, Walmart today announced a new supply chain strategy, Prepaid Consolidation. This program helps get products to shelves and customers faster by simplifying inbound supplier logistics and building a more connected, scalable, tech-enabled supply chain that improves service and lowers costs.

The program expands Walmart’s first mile capabilities for prepaid suppliers by using its national supply chain network to create a scalable way to merge shipments, creating greater transportation efficiency. Suppliers send products under a single...

Secretary Rollins Signs Disaster Declaration for Pennsylvania Counties

U.S. Secretary of Agriculture Brooke L. Rollins, along with U.S. Representative Rob Bresnahan, met with agricultural leaders today in Pennsylvania to announce U.S. Department of Agriculture (USDA) assistance to help producers recover from recent freeze events. Secretary Rollins signed a disaster designation for 17 counties in Pennsylvania due to damage and losses caused by below-freezing temperatures that occurred April 19 through April 21, 2026.

“Fighting for our farmers means being there for them when Mother Nature hits, today we are showing that USDA stands...

ANALYSIS: Herd Health Remains a Key Watchpoint for the Pork Industry in 2026

The topic of herd health has surfaced repeatedly throughout the year following the supply impact observed during 2025, as Porcine Reproductive and Respiratory Syndrome (PRRS) and Porcine Epidemic Diarrhea Virus (PEDV) pressured production levels during the third quarter and beyond. Moving into 2026, similar concerns emerged early in the year as elevated PRRS and PEDV positivity rates carried over from late 2025 into the current year.

According to the Swine Health Information Center (SHIC), monitoring data from December 2025 through May... 

ANALYSIS: New Zealand's April 2026 Beef Exports Surge 24.3% MOM on Peak Season Run 

New Zealand's beef exports rebounded strongly in April 2026, climbing 24.3% month-on-month (MOM) to 48,647 metric tons (MT) as the peak cow processing season materialized, according to recent Stats NZ data.  

Shipments rose 14.8% year-on-year (YOY), helping narrow the year-to-date (YTD) deficit to just -0.9% at...

ANALYSIS: Korea's April 2026 Beef Imports Retreat 14.8% MOM Amid China Supply Rush 

Korea's beef imports declined to 39,191 MT in April, down 14.8% month-on-month (MOM) as suppliers diverted volumes to meet China's safeguard quota rush, according to the latest Korean Trade Statistics.  

Volumes rose 3.0% year-on-year (YOY), supported by resilient domestic demand despite the monthly...

The Foodservice Industry Highlights Consumer Trends Leadership Moves and Brand Growth

From anxious drive-thru decisions and nostalgic dining room makeovers to executive shakeups and autonomous food deliveries, the restaurant industry continues to evolve at a rapid pace. This week’s roundup highlights the trends, leadership moves and consumer insights shaping the future of foodservice as brands look to balance innovation, convenience and value in an increasingly competitive market. 

Explore more from Expana’s biweekly foodservice roundups here. 

Consumer Insights & Research

A Global Payments’ survey of 2,000 US QSR customers uncovers widespread “order anxiety” that’s likely costing...

USMEF Conference Concludes with Focus on Marketing Innovations & Factors Impacting Red Meat Supply

DoorDash Names Tim Castree Chief Marketing Officer as Growth Momentum Continues into 2026

DoorDash has named Tim Castree as its new chief marketing officer, adding a seasoned global marketing executive to its leadership team as the company continues to scale its platform and expand how customers engage with the brand.

“We’re thrilled to welcome Tim Castree to DoorDash as our new Chief Marketing Officer,” said Prabir Adarkar, president and COO of DoorDash. He described Castree as “a deeply customer-obsessed, naturally curious leader” who brings “a rare intellectual rigor to every dimension of marketing, from performance...

Imported Beef Trade Slows as Trump Admin Deliberates

The Trump administration’s mixed messaging on beef imports added fresh uncertainty to the imported beef market this month.

As of May 21, "President Donald Trump’s efforts to lower beef prices has divided top administration officials and some of his closest allies—prompting the White House to halt plans to temporarily reduce import tariffs, according to four people familiar with the talks," reported Politico.

Expana Publication Schedule for the Memorial Day Holiday Period

Expana will be observing the Memorial Day holiday on Monday, May 25, across its Americas offices, which will impact the publication dates of several Expana Benchmark Prices. The closure will also impact news publications across all platforms.

The European and APAC offices’ publication schedules will be unaffected by this holiday.

The Memorial Day holiday period will affect the following markets:

USMEF Spring Conference Spotlights Market Access Developments, Robust Growth in Central America

Livestock and grain producers, red meat processors and exporters, and other key stakeholders gathered in Oklahoma City Wednesday for opening day of the U.S. Meat Export Federation (USMEF) Spring Conference.

Oklahoma Secretary of Agriculture Blayne Arthur welcomed the group, detailing the importance of international trade to Oklahoma’s agricultural economy. Sec. Arthur, who is also a cattle producer, shared highlights from a recent visit to Japan in which she met with USMEF staff and saw firsthand how U.S. red meat is merchandised...

ANALYSIS: China's April 2026 Beef Imports Slump 13.5% MOM Despite Safeguard Rush

China's beef imports declined 13.5% month-on-month (MOM) to 208,718 metric tons (MT) in April 2026, according to the latest data from the General Administration of Customs of China (GACC).  

The 32,560 MT drop came despite the ongoing safeguard quota rush that has driven aggressive front-loading throughout the year. 

The April slump marked a clear shift from the intense import pace that characterized Q1, with volumes finishing 0.3% below April 2025 levels even as suppliers continue racing to maximize quota utilization ahead...

BJ’s Wholesale Club Posts Solid First Quarter, Expands Footprint With New Clubs

BJ’s Wholesale Club reported strong first-quarter fiscal 2026 results, driven by gains in membership, fuel and digital sales as the retailer continued expanding its footprint across the U.S.

The company said comparable club sales increased 6.3% year over year for the thirteen weeks ended May 2, 2026. Excluding gasoline sales, comparable sales rose 1.5%. Membership fee income climbed 9.9% to $132.4 million, while digitally enabled comparable sales grew 28%, contributing to a two-year stacked comp...

Friendly’s Rolls Out Summer Menus, Expanded Drinks and Value Updates to Drive Seasonal Traffic

Friendly’s is rolling out a slate of seasonal menu updates and value-focused offerings designed to drive traffic as summer begins, combining limited-time items, expanded beverages and refreshed in-store value options.

“At Friendly’s, summer is all about families and friends coming together to enjoy a mix of tradition and something new, whether that’s a lobster roll, a fun drink or a simple meal that fits the day,” said Dawn Petite, president of Friendly’s Restaurants. “This menu brings...

FMI Applauds Trump Administration’s Revisions to Refrigeration Regulations

Today, FMI – The Food Industry Association President and CEO Leslie G. Sarasin issued the following statement praising the U.S. Environmental Protection Agency’s (EPA) release of the revised Technology Transitions Rule and reconsideration of the Refrigeration Management Rule.

“FMI is incredibly grateful for EPA’s efforts to prevent an increase in grocery prices by revising the Technology Transitions Rule and reconsidering the Management Rule. Taken together, these actions preserve the agency’s goals without placing unnecessary financial burdens on the food industry and grocery shoppers.

NRF Applauds House Hearing Highlighting Pro-Growth Tax Policy for American Workers

The National Retail Federation today [May 20, 2026] applauded the House Ways and Means Subcommittee on Tax hearing, “Your Paycheck, Returned: How the Working Families Tax Cuts Delivered for Americans,” for highlighting the importance of pro-growth tax policy to American workers, businesses and communities.

“Retail is the nation’s largest private-sector employer, supporting 55 million American jobs and contributing $5.3 trillion annually to the U.S. economy,” National Retail Federation Vice President of Tax Policy Ashley Wilson said. “Today’s hearing underscores how competitive tax policy helps retailers...

Smashburger Adds New CMO, Strengthens Leadership Team to Fuel Franchise Growth

Smashburger is adding fresh leadership as it pushes ahead with franchise growth and brand momentum, naming three new executives across marketing, development and operations.

The fast-casual burger brand has appointed Kate Savelli as Chief Marketing Officer, tasking the restaurant industry veteran with leading brand, consumer, menu and partnership strategies. Smashburger also named Theresa Vitale as Director of Non-Traditional Franchise Development and Jack Reed as Vice President of Western Operations, strengthening its executive bench as it targets disciplined...

Pizza Hut Taps Nostalgia With Retro Red Roof Restaurants Across the US

Pizza Hut is leaning into the nostalgia trend, bringing back red roofs, red cups and other throwback elements at 155 locations across the US as consumers seek comfort and familiarity in dining experiences.

The revival comes as classic restaurant brands look to reconnect with guests through retro designs and experiences.

According to the announcement, a recent TODAY segment spotlighted how these throwbacks are reminding diners of family dinners, birthday parties and nights out. Pizza Hut’s retro locations feature familiar touches from the brand’s earlier years...

Teton Waters Ranch Launches Grass-Fed Beef Meatballs Nationwide

Teton Waters Ranch is expanding its refrigerated meat lineup with the launch of new 100% Grass-Fed Beef Meatballs, now rolling out at grocery retailers nationwide, including Whole Foods Market and Sprouts Farmers Market.

Available in Italian-Style and Homestyle varieties, the fully cooked meatballs are packaged in 9-ounce refrigerated packs and designed for quick, no-prep meals. Shoppers can find them near the hot dogs in the fresh meat section.

The new products build on Teton Waters Ranch’s existing portfolio of sausages...

African Swine Fever Outbreaks Increase in Pigs and Wild Boar Across the EU

In 2025, African swine fever (ASF) outbreaks increased across the European Union in both domestic pigs (+76%) and wild boar (+44%) compared to 2024, according to EFSA’s latest annual epidemiological report. The disease reemerged in Spain after 31 years without detections, raising the number of affected Member States to 14.

Last year, the EU carried out record levels of ASF surveillance, analysing over 518,000 samples from domestic pigs and 618,000 samples from wild boar. Passive surveillance detected 84% of ASF outbreaks in domestic pigs and 73%...

Utz Hops on Consumer Trends: Tallow-Cooked Potato Chips, Pea Protein Snacks, and More

At the 2026 Sweets & Snacks Expo from May 19-21 in Las Vegas, Utz Brands officials are unveiling a new product lineup, highlighting how snack makers are responding to changing consumer preferences, including demand for protein, limited-time flavors, and alternative cooking oils, according to a company press release.

The product mix still involves potato chips but also expands into adjacent snack categories. For example, Utz officials are promoting new Sizzlin’ Summer Burger Rippled Potato Chips and reviving Lemonade flavored Potato Chips...

Annual US Grocery Shopper Trends Report Finds Consumers Value Grocery Shopping In-Person

FMI—The Food Industry Association today releases the U.S. Grocery Shopper Trends 2026 report, developed in partnership with The Hartman Group, finding that shoppers continue to value grocery shopping in-store. The report outlines elements of the evolving physical grocery shopping experience that build shopper loyalty and repeat visits.

“In an effort to fulfill their unique definitions of value, consumers visit more than five separate grocery store banners on average per month despite growing omnichannel grocery shopping trends,” said Leslie G. Sarasin, president and CEO of FMI...

The Retail Rundown: Pork Leads Memorial Day 2026 Grilling Promotions

Grocers are once again rolling out aggressive discounts ahead of Memorial Day, one of the year’s biggest grilling holidays. This week's protein promotions show pork taking center stage, while beef and seafood prices are trending above 2025 levels.

Pork accounts for 27% of all advertised protein features, making it the most-promoted category for the holiday weekend. Beef and seafood each represent 23% of ads, followed by chicken at 20%. Egg promotions held steady at 5%, while turkey edged up to 3%.

Ribs account for a significant share of pork promotions, with the category averaging $3.50 per pound overall...

Wendy's Appoints Robert D. "Bob" Wright as President and Chief Executive Officer

The Wendy's Company (Nasdaq: WEN) ("Wendy's" or the "Company") today announced that its Board of Directors has appointed Robert D. "Bob" Wright as Wendy's President and Chief Executive Officer, effective May 21, 2026. He will also join the Company's Board of Directors.

Mr. Wright brings extensive leadership experience across the quick-service restaurant industry and a strong track record of driving operational performance, business transformation and growth. Most recently, he served as President and Chief Executive Officer, as well as a member of the board of directors, of Potbelly Corporation, where he led a period of meaningful growth...

Indonesia Live Cattle Industry Taskforce to Strengthen Key Market for Australian Producers

The Australian red meat and livestock industry has announced the establishment of the Indonesia Live Cattle Industry Taskforce, a strategic advisory body designed to enhance collaboration, guide investment and strengthen outcomes in Australia’s most important live cattle export market.

The Taskforce will work closely with the Livestock Export Program (LEP), which is jointly funded by Meat & Livestock Australia (MLA) and LiveCorp, and administered by MLA. It focuses on improving animal health and welfare, biosecurity, supply chain efficiency and long-term market access.

Taskforce Chair Greg Pankhurst, who has been appointed by MLA, said the initiative reflects a coordinated commitment to...

NCBA, ASI, and PLC Congratulate BLM Director Pearce’s Senate Confirmation

Today, the National Cattlemen’s Beef Association (NCBA), American Sheep Industry Association (ASI), and Public Lands Council (PLC) congratulated former New Mexico Congressman Steve Pearce on being confirmed by the Senate to serve as the new Director of the Bureau of Land Management (BLM). All three industry groups have supported Director Pearce’s nomination from the beginning and pushed for his confirmation because ranchers need a permanent BLM Director to be able to efficiently do their jobs.

“Director Pearce is the right person to lead the BLM and increase partnerships with the ranchers that manage...

Farm Bureau: US Meat Consumption Increases Despite Rising Prices

America’s demand for meat continues to grow, even as the cost of beef, pork and chicken rises. Memorial Day weekend is the unofficial kickoff to grilling season, and in the latest Market Intel, American Farm Bureau Federation economists analyzed what prices shoppers may find at the grocery store.

Industry analysis shows meat sales hit $112 billion in 2025, with more than 98% of American households purchasing meat for daily meals. USDA is forecasting consumption of beef, pork and chicken to rise in 2026.

“Beef remains the centerpiece of many cookouts, but record-high prices and historically tight cattle...

FDA Issues Emergency Use Authorization for Over-the-Counter Injectable Drug for New World Screwworm 

The U.S. Food and Drug Administration today issued an Emergency Use Authorization (EUA) for Dectomax/Dectomax-CA1 (doramectin injection) injectable solution for the prevention and treatment of New World screwworm (NWS) infestations (myiasis) in dairy cattle (lactating dairy cows, dry dairy cows, and replacement dairy heifers 20 months of age and older), except for calves that will be processed for veal. The EUA also authorizes Dectomax/Dectomax-CA1 for the prevention of NWS myiasis in swine, horses at least one year old, sheep except for...

Smalls Sliders® Named Fastest Growing Restaurant Brand in the Country in the 2026 Datassential 500

Smalls Sliders, the cheeseburger slider brand that's taking the nation by storm, has been recognized as the fastest-growing brand in the country through the annual 2026 Datassential 500, the firm's flagship industry report highlighting the industry's top restaurant chains.

The Datassential 500 highlights the 500 largest restaurant chains in the U.S., combining unit growth, consumer insights, menu trends, and sales data to provide a cohesive picture of the restaurant industry. The rankings are informed by Datassential's larger research platform, which tracks over 18,000 restaurant brands nationwide to monitor evolving consumer preferences and industry trends.

Second Harvest of Silicon Valley Client Survey Reveals Households Cutting Back on Food as Costs Rise

A new client survey from Second Harvest of Silicon Valley finds that 96% of respondents are cutting back on food to afford basic necessities like rent, utilities and healthcare, a sign of mounting financial pressure on households across the region. At the same time, historic cuts to federal food and healthcare safety net programs set to go into effect in June will leave major gaps in the support systems families rely on, putting more pressure on households and pushing more people to food banks to meet basic needs.

The findings underscore how quickly that strain is deepening across Silicon Valley. Second Harvest is now serving 1 in 6 residents each month, reflecting how widespread the need has become...

Applegate Farms, LLC Expands with New APPLEGATE NATURALS® Natural(1) Uncured Pork & Beef Hot Dog

As families gear up for summer gatherings, APPLEGATE^®, the nation's leading natural and organic meat brand, today announced the launch of its latest product innovation: APPLEGATE NATURALS^® Natural¹ Uncured Pork & Beef Hot Dog. This new offering expands Applegate's delicious lineup of natural and organic hot dogs, including beef and turkey varieties, giving consumers even more choices for summer entertaining.

The new hot dog introduces a blend of pork with 100% grass-fed and pasture-raised² beef, designed to deliver a classic flavor profile at a more accessible price point, expanding...

ANALYSIS: Boneless Beef Lean-Adjusted Price Comparison

The lean-adjusted price comparison standardizes global boneless beef markets by normalizing boneless beef prices by dividing reported prices by lean percentage to calculate cost per point lean. This extrapolation enables direct comparison of protein value across major trade routes and domestic markets with varying incoterms and fat content specifications...

Proxy Foods AI and Aperio Global Partner to Deliver Secure, AI-Driven Food Innovation 

Proxy Foods AI, the enterprise AI platform redefining product development across the global food and beverage industry, today announced a strategic partnership with Aperio Global, an expert in Zero Trust and quantum-resilient security for regulated and critical infrastructure sectors.

Together, the companies are launching a next-generation intelligence platform that uses AI to accelerate product formulation, optimize ingredients, and predict performance – engineered for the speed, scale, and compliance needs of global food manufacturers, consumer packaged goods (CPGs), foodservice and ingredient companies.

Why This Partnership Matters Now

ANALYSIS: Australian Beef Races Through 80% of China Safeguard Quota at Historic Pace

Imports of beef originating from Australia have reached 80% of the annual safeguard quota for 2026 as of Saturday, May 14, according to the latest announcement from China’s Ministry of Commerce (MOFCOM) over the weekend. 

The safeguard announcement comes just two days ahead of China’s largest food trade show of the year, SIAL Shanghai. 

This milestone translates to around 164,000 metric tons (MT) and confirms that the rush by exporters has intensified as the window for viable trade rapidly closes...

ANALYSIS: China’s Apr 2026 Meat Imports Edge Up 1% MOM to 507,326 MT

China’s total meat imports (including offal meats) for the first four months of 2026 reached 2,094,632 metric tons (MT), according to data from the General Administration of Customs of China (GACC). 

In April 2026 alone, import volumes edged up slightly to 507,326 MT, with an additional 4,506 MT hitting Chinese shores compared to March. However, wider indicators continued to show contraction. April volumes decreased by 5,574 MT compared to the same month last year. 

Overall cumulative import volumes for the year fell by 64,283 MT. This ongoing...

ABS Data Confirms Strong Start to 2026 For Beef Production

New data from the Australian Bureau of Statistics (ABS), analysed by Meat & Livestock Australia (MLA), shows Australia’s beef industry has begun 2026 with its strongest start on record, underpinned by high throughput, favourable seasonal conditions in northern regions and increased yardings in parts of New South Wales.

Australia produced 730,077 tonnes of beef in the March quarter, up 2% on the December 2025 quarter and 8% higher year-on-year, marking the largest first quarter production on record.

Cattle slaughter reached 2.30 million head, representing a 6% lift on the March 2025 quarter, reinforcing the strong supply pipeline following record production levels last year...

SADC Ministers to Focus on Food Security, Livestock Disease and Blue Economy at Zimbabwe Summit

Southern African ministers overseeing agriculture, fisheries, aquaculture and food security will gather in Victoria Falls, Zimbabwe, on May 29 for regional talks expected to center on climate resilience, food production challenges and efforts to strengthen the blue economy.

The high-level gathering comes as several countries in the Southern African Development Community (SADC) continue to face pressure from climate variability, livestock disease outbreaks and ongoing concerns over regional food security.

Among the key issues expected to receive attention are recent...

Distinguished Programs Opens Marine Cargo Program for Business With Allianz Capacity

Distinguished Programs (“Distinguished”), a national MGA and insurance program manager, today announced that its Marine Cargo program is officially open for business.

The program provides coverage for physical loss or damage to goods in transit and storage. Coverages include Stock Throughput, Ocean/International Transit, Domestic Inland Transit, Foreign Inland Transit, and Contingent Cargo, addressing complex global supply chains and specialized logistics exposures across a range of industries.

The program is led by Ralph Salce, who brings more than 30 years of...

Meat Institute, AMSA Release 10th Edition of the Meat Buyer’s Guide

The Meat Institute and American Meat Science Association (AMSA) today [May 15, 2026] announced the release of the updated 10th edition of the Meat Buyer’s Guide, the industry’s trusted resource for standardized meat and poultry purchasing specifications, product identification, and communication.

First published in 1961, the Meat Buyer’s Guide summarizes USDA’s Institutional Meat Purchase Specifications (IMPS) and includes supplementary product photography, descriptions, and technical information used throughout the meat and poultry supply chain. Widely utilized across the United States and internationally, the Guide serves federal, state, and local government agencies, foodservice providers, processors, exporters, universities, retailers, distributors, and industry associations...

Expana's Weekly Top 10

This week’s Top 10 highlights how geopolitical tensions, inflation, and industry disruption are reshaping food and commodity markets. Conflict involving the US, Israel, and Iran is raising risks to Gulf shipping, oil, and fertilizer supplies, while renewed US inflation pressures and weaker JBS margins point to growing strain across supply chains. Meanwhile, companies are accelerating long-term shifts through AI, automation, and trade realignment. Driverless trucking expansion, Walmart’s tech consolidation, growing plant-based seafood demand, and increased seafood trade scrutiny all signal how rapidly the industry is evolving. This list is in no...

Stop & Shop Boosts Affordability with Lower Everyday Prices on Items at All Stores in NY and NJ

Stop & Shop today announced that it has lowered prices at every one of its 137 stores across New York and New Jersey. Shoppers will see lower everyday prices on thousands of items spanning nearly every department, including both national brands and Stop & Shop’s own private label products. The price reductions are focused on customer favorites that they purchase most and include ‘New York’ favorites like pick-your-own bagels from the Stop & Shop Bakery, Acme Smoked Salmon and Nathan’s Famous hot dogs.

With this latest effort, Stop & Shop has now implemented lower everyday prices at more than 350 store locations throughout Massachusetts, Rhode Island, Connecticut...

National Restaurant Association Celebrates 250 Years of Shaping America's Workforce Leaders

The National Restaurant Association celebrated the restaurant industry's leading role as one of the nation's most powerful leadership incubators at the 2026 National Restaurant Association Show in Chicago.

In a keynote address titled, "America's Leaders Are Made in Restaurants," National Restaurant Association President & CEO Michelle Korsmo highlighted how restaurants are centers of connection, culture, and community, bringing people together while serving as training grounds where leadership skills are built through real world experience. From resilience and accountability to teamwork and adaptability, the industry has helped generations of people develop skills that extend far beyond the workplace.

ANALYSIS: Korea’s Australian Beef Safeguard Quota Hits 75% Threshold

Australian beef imports have exhausted three-quarters of the 2026 Korea-Australia Free Trade Agreement (KAFTA) safeguard quota, according to Korea Customs Service data.

As of May 15, approximately 48,635 metric tons (MT) remain available at the preferential 5.3% tariff rate.

The drawdown has maintained high velocity throughout the first quarter. Korea’s customs data showed that the end of March 2026 consumed 59.64% of Australia’s 2026 allocation...

Study Quantifies How Red Meat Exports Boost Domestic Feed Demand for Corn and Soybeans

Red meat exports delivered significant returns to corn and soybean producers in 2025, according to an independent study conducted by the Juday Group and released by USMEF.

Nationally, U.S. beef and pork exports accounted for $2.18 billion in market value to corn producers in 2025, $375 million to distiller’s dried grains with solubles (DDGS), and $1 billion to soybean producers, according to the study. U.S. beef and pork exports contributed an estimated total economic impact of 13.5% per bushel to the value of corn and 10.3% per bushel to soybeans in 2025.

USMEF Statement on US-China Beef Trade Developments

China’s General Administration of Customs (GACC) has granted a five-year registration extension to 425 overdue U.S. beef establishments in China’s Food Import Food Establishment (CIFER) system. Additionally, 77 new U.S. beef establishment registrations have been added to the CIFER system with an effective date of May 15, 2026, and registrations are valid for five years. There are 38 beef establishments which remain suspended. Of the suspended facilities, 25 were also expired and are now renewed, but remain ineligible for export.

The U.S. Meat Export Federation (USMEF) is awaiting more details from the U.S. government on these developments but offers the following comment, which can be attributed to USMEF President and CEO Dan Halstrom...

APHIS Lifts Movement Restrictions Within the 5-Mile Surveillance Zone in Iowa

Following the April 30, 2026 confirmation of pseudorabies in a small commercial herd in Iowa, USDA’s Animal and Plant Health Inspection Service (APHIS), in coordination with the Iowa Department of Agriculture and Land Stewardship (IDALS), has lifted movement restrictions within the five-mile surveillance zone after all premises completed round one testing with no further detections. The two-mile surveillance zone around the index herd remains active, and movement restrictions within that zone continue.

All animals from both the Iowa index herd and the non-commercial source herd in Texas have been depopulated and properly disposed of. All herds with direct exposure to these positive sites have been identified, and..

Middle East Market Intelligence Brief: Week Ending May 15, 2026

The US-Israel war on Iran is entering its 12th week, with markets remaining focused on tensions in the Gulf and the growing risk of prolonged disruption to global energy flows.

US President Donald Trump departed Beijing following a visit to China that featured notably warm exchanges with Chinese President Xi Jinping, though the meetings produced little visible progress on de-escalation.

Meanwhile, talks in Lebanon aim to extend a fragile ceasefire set to expire Sunday, amid continued violence following US and Israeli strikes in Iran and renewed fighting in...

FSIS Issues Public Health Alert for Headcheese Deli Meat Products

Editor’s Note – May 14, 2026: Whole genome sequencing results show that headcheese samples collected by FSIS and produced at Crawford Sausage Co. (Est. 21406) tested positive for the outbreak strain of Listeria monocytogenes. FSIS continues to coordinate with the Illinois public health and agriculture partners on the outbreak investigation.

The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for headcheese that may be contaminated with Listeria monocytogenes (Lm). A recall was not requested because the products are no longer available for purchase. Headcheese is a ready-to-eat (RTE)...

CASE Urges Beef Executive Order to Ban Brazil's Bad Actors from US Market to Help Lower Prices

Consumer Action for a Strong Economy (CASE) today lauded President Trump's bold plan to make beef affordable again and deliver American families the meaningful relief they deserve in a fact sheet, Trump's Bold Move to Save the U.S. Beef Market.

The Trump Administration's planned Executive Order suspending tariff-rate quotas on beef imports for 200 days will be critical to helping to lower beef prices for Americans. Despite this effort, some in the U.S. cattle sector and in Congress panned the move.

"Ground beef prices have increased 72% since 2020, putting a staple American grocery item at risk of becoming a luxury purchase...

New Research from Global Payments Highlights the Cost of Order Anxiety at Restaurants

Global Payments Inc. (NYSE: GPN), a leading payment technology and software company that powers commerce for businesses of all sizes worldwide, today [May 14, 2026] released new research revealing the hidden impact of stressful quick service restaurant (QSR) ordering moments, including that 60% of customers say they default to their usual order when rushed, likely ignoring special offers and new items. The survey of 2,000 U.S. QSR customers uncovers the hidden impact of "order anxiety" and how it may be silently shrinking restaurant revenues.

Tony Roma's Announces Return to China with Shenzhen Flagship and Strategic Expansion Partnership

Tony Roma's today [May 14, 2026] announced its return to China through a strategic brand licensing deal that will introduce a new prototype experience beginning with a flagship location in Shenzhen, followed by a second location in Shanghai.

The Shenzhen flagship is scheduled to open in Q3 and serve as a showcase for the next evolution of the Tony Roma’s brand combining the company’s signature American barbecue heritage with elevated design, technology integration, and localized hospitality tailored for the Chinese consumer market.

The expansion marks Tony Roma’s reentry into...

US Foods Announces Board Leadership Transition

US Foods Holding Corp. (NYSE: USFD),one of the largest foodservice distributors in the United States, today announced that its Board of Directors has approved a Board leadership transition. Effective today, Dave Flitman, currently Chief Executive Officer assumed the additional role of Chair of the Board. David Tehle, currently Chair, transitioned to the role of Lead Independent Director of the Board.

As Chair of the Board and CEO, Dave Flitman will continue to lead the company’s day-to-day operations, while working closely with the Board to guide the company’s long-term strategic direction. As Lead Independent Director, David Tehle will retain significant responsibilities, working alongside the Chair...

New US Beef and Pork Products Launched During Integrated Campaign in Peru

USMEF partnered with a Peruvian supermarket chain to launch new U.S. pork and beef products in Lima. Through a series of summer grilling events hosted by Tottus, USMEF introduced the new products during grilling events and alerted audiences to upcoming promotions at several Tottus stores.

More than 1,200 attended “Meet & Grill” events at six popular beach areas in Lima during February and March, with the main attraction being masterclasses taught by expert grilling chefs. A USMEF ambassador was also on hand at each event to explain why their superior...

Ditch the Spice Rack with Schweid & Sons Premium Seasoned Ground Beef

Schweid & Sons, a family-owned and operated premium ground beef purveyor, has announced the launch of its new line of seasoned ground beef products, arriving in select retail locations in May. Designed to simplify mealtime without sacrificing quality, these new products combine trusted, high-quality beef with bold, chef-inspired flavor for fast, reliable meals at home.

The new lineup features three distinct varieties: Taco, Steakhouse, and Korean BBQ. Each is crafted to bring approachable, craveable flavor to everyday cooking. The Steakhouse Blend delivers a classic profile of garlic...

Chop Steakhouse & Bar Brings a Modern Steakhouse Experience to South Surrey

Chop Steakhouse & Bar is officially coming to South Surrey, and guests are invited to get ready for a bold new dining destination in the heart of one of the region’s fastest-growing communities. Located at 16051 24th Ave, Surrey, the newest Chop will deliver the brand’s signature modern steakhouse experience, premium cuts, handcrafted cocktails, and a warm, elevated atmosphere designed for everything from date nights to group celebrations.

Situated adjacent to The Shops at Morgan Crossing, inside the Grandview Corners Shopping Mall near Sephora, the new restaurant has been...

There's a New Dog in Town: Introducing the SPAM® Dog

The SPAM^® brand is stepping outside of the can with the launch of the SPAM^® Dog, a crave-inducing reimagination of the classic hot dog made with the SPAM^® product you love. One of the most exciting convenience food innovations in years, the SPAM^® Dog brings together two American culinary icons in one bold, unexpected bite.

Designed for foodservice operators, the SPAM^® Dog captures the savory taste fans love and adds variety to roller grills at restaurants, convenience stores, and arenas this summer.

Following its launch in select regional markets, the SPAM^® Dog will make its national debut at the National Restaurant Association in Chicago.

Jack in the Box Inc. Announces Leadership Transition

Jack in the Box Inc. (NASDAQ: JACK) today [May 13, 2026] announced that its Board of Directors has appointed Mark King as Executive Chairman and Interim Chief Executive Officer, effective immediately. Mr. King, a member of the Board since November 2025 and its Chair since March 2026, succeeds Lance Tucker. Alan Smolinisky, a member of the Board since November 2025, has been appointed Lead Independent Director.

As Interim CEO, Mr. King will focus on accelerating Jack in the Box’s transformation, supported by strong knowledge of the Company’s business and over four decades...

Government Ramps Up Plans to Protect Britain’s Pig Sector Against African and Classical Swine Fever

Plans to strengthen protections for pig farmers and industry have been stepped up today (Thursday 14 May) as the government introduces new measures in the event of a swine fever outbreak.

African Swine Fever (ASF) is a disease which affects pigs and wild boar and in recent years it has been circulating in parts of Asia and Africa, leading to the deaths of millions of pigs worldwide and causing significant disruption to the meat trade. The disease has also spread to parts of Europe through the movement of wild boar and human actions including moving infected meat...

During an address to the British Veterinary Association/Northern Ireland Veterinary Association reception at the Balmoral Show, Minister Muir recognised the “unacceptable costs” bovine TB had imposed on farmers’ wellbeing, income and also the public purse.

But while he acknowledged there were no quick fixes, he insisted progress was being made and described the TB Partnership Steering Group’s (TBPSG) ‘Blueprint for Eradication’ as a “bold...

London Events Celebrate Return of Duty-Free Access for US Beef in UK

U.S. beef recently regained duty-free access to the United Kingdom (UK) under a 13,000 metric ton quota included in the trade framework reached by the Trump administration last year. The quota provides the first zero-duty access to the UK since its exit from the European Union in 2020. The first U.S. beef shipments under the new quota were celebrated by a pair of events hosted by USMEF in London to showcase U.S. beef ‒ a reception and dinner at the U.S. Embassy and a dinner for the British trade at Smith & Wollensky steakhouse...

USDA Requests Producer Input to Support Transparent Reporting of 2026 Crops, Inventories, and Values

Over the next several weeks, USDA’s National Agricultural Statistics Service (NASS) will conduct the June Agricultural Survey by contacting over 90,000 producers across the nation to determine crop acreage and stock levels as of June 1, 2026.

“The June Agricultural Survey is one of the most significant and recognized surveys NASS conducts,” said Joseph L. Parsons, NASS administrator. “When producers take part, they help ensure that the nation’s agricultural reporting remains accurate, transparent, and free from speculation. Their responses directly support...

Ahold Delhaize USA Appoints Vipin Gopal to Lead Data and AI

Leading grocery retail group Ahold Delhaize USA announced that Vipin Gopal, Ph.D., has joined the company as Senior Vice President. In the role, he will serve as the chief data and artificial intelligence (AI) officer for the U.S. businesses.

Reporting to Chief Information Officer Ann Dozier, he will lead data, analytics and artificial intelligence strategy and advance Ahold Delhaize USA’s efforts to further embed data-driven decision-making and AI capabilities into its business. He will play a critical role in transforming enterprise data foundations, accelerating...

CNBC/NRF Retail Monitor Shows Sales Grew in April Despite High Gas Prices and Sustained Inflation

Retail sales rose for the seventh consecutive month in April even as gas prices rose and inflation remained stubborn, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation.

“Retail sales continued to grow in April despite higher gas prices driven by the ongoing conflict in Iran, cautious consumer sentiment and the persistent concerns about sustained inflation,” NRF President and CEO Matthew Shay said. “Spending on household priorities remains solid, supported by a steady labor market...

Solink Drive-Thru AI Gives QSR Operators Full-Lane Intelligence -- No New Hardware Required

Solink®, the leader in AI-driven video intelligence, today launched Solink Drive-Thru AI, an extension of its platform that gives quick-service restaurant (QSR) operators real-time performance monitoring across the full drive-thru journey, using existing cameras.

Drive-Thru AI replaces the blind spots and downtime risks of legacy loop timers and in-ground sensors with configurable, camera-based detection zones that provide full visibility across the lane, from entry and stack through the menu board, service windows, and pull-forward. This end...

The Retail Rundown: Memorial Day Promotions Heat Up as Shoppers Focus on Value

Memorial Day weekend, arriving May 25, signals the unofficial start of summer and stands as one of the grocery industry’s most significant merchandising events of the year.

As grilling season ramps up, retailers are promoting meat, charcoal, and convenience-oriented foods. Cross-merchandising remains a key strategy, with buns, condiments, beverages, and grab-and-go entertaining solutions positioned throughout stores to encourage larger basket sizes and drive incremental purchases.

At the same time, inflation and rising fuel costs continue to influence consumer behavior heading into the holiday...

YUMBO® Expands Premium Sausage Sticks Line with Ginger Teriyaki Variety

YUMBO®, the high-protein, premium sausage stick brand known as "meat for real meatheads" and manufactured by Old Wisconsin^® Sausage Inc., a subsidiary of Carl Buddig and Company^®, is proud to announce significant retail expansion and the launch of its newest flavor: Ginger Teriyaki. The new line extension comes on the heels of major retail wins, placing the brand's entire lineup of bold, hardwood-smoked and premium cuts of meat in front of more consumers nationwide. Fans will have an opportunity to taste the new variety...

ANALYSIS: US Imported Beef Suppliers Brace to Face New Playing Field as Policy Shifts Loom

The White House has announced a dual-track strategy to address the tightening United States (US) beef market, proposing executive orders to increase imports while supporting a rebuild of the domestic cattle herd.

However, while signings were originally anticipated for Monday, the plans have been placed on a reported pause. The administration is said to be fine-tuning the measures to address constituent concerns.

The Grinding Gap

ANALYSIS: How Au/NZ Blend Cow 90% to the US Historically Starts May Softer

Over the past five years, Au/NZ Blend Cow 90% has typically experienced a softer market heading into May. The primary exception was 2021, when prices moved sharply higher amid overseas supply shortages that triggered aggressive purchasing ahead of the summer grilling season.

This year so far, Au/NZ Blend Cow 90% has fallen just slightly throughout May on limited trading activity. However, stronger demand for 90% lean beef relative to 95% lean products has helped support the market and limited downside pressure...

ANALYSIS: 2026 US Boxed Beef Waits for Seasonal Demand as Live Cattle Markets Soar

Live steer prices have remained firm, rising nearly $29.00/cwt since the beginning of 2026. Since the end of April alone, live steer prices have climbed from approximately $246.00/cwt to $258.00/cwt, an increase of roughly 5% and a move to new record highs. 

Several factors continue to support the rally in live cattle prices. Limited cattle availability remains a key driver, particularly following the closure of the border with Mexico due to concerns surrounding New World Screwworm. At the same time, the industry remains in the liquidation phase of the cattle cycle, with...

GEN Korean BBQ Secures Its First Direct Southern California & Hawaii Regional Costco Purchase Order

GEN Restaurant Group, Inc. ("GEN" or the "Company") (Nasdaq: GENK), operator of GEN Korean BBQ, the largest full-service Korean BBQ restaurant chain in the United States, today announced it has received a direct retail purchase order from Costco's Southern California regional buying team, securing freezer aisle placement across approximately 40 Costco warehouse locations spanning Southern California and Hawaii.

The placement represents an important milestone in GEN’s broader retail and consumer packaged goods (“CPG”) expansion strategy. The order was issued without a preceding regional roadshow requirement...

NRF Commends House Passage of Federal Retail Crime Bill

The following statement may be attributed to National Retail Federation Executive Vice President of Government Relations David French following the House passage of H.R. 2853, the Combating Organized Retail Crime Act.

“Organized retail crime is one of the most urgent challenges facing retailers large and small in the communities they serve. NRF has long advocated for federal legislation that strengthens coordination among federal, state and local law enforcement agencies to combat these criminal networks and better protect retail employees and customers nationwide.

“NRF is grateful to Representatives David Joyce, R‑Ohio; Susie Lee, D‑Nev.; Dina Titus, D-Nev.; and David G. Valadao...

USDA Revokes Approved Lender Status of Ten Lenders: Irresponsible Lending Has No Place in Government

U.S. Department of Agriculture Secretary Brooke Rollins has announced the removal of ten lenders from participation in the USDA Rural Development (RD) OneRD Guaranteed Lending Program. These lenders will be precluded from further participation in the program.

“The Trump Administration has absolutely no tolerance for the irresponsible and noncompliant actions of these lenders and has banned them from participating in USDA guaranteed lending programs,” said Secretary Rollins. “I will continue to protect the American taxpayer and ensure their hard-earned dollars are spent where they belong - on projects that revive and strengthen rural America.”..

Ranchers Welcome Return to Common-sense Land Management

American Farm Bureau Federation President Zippy Duvall commented today on Bureau of Land Management actions to update grazing regulations and rescind the misguided Conservation and Landscape Health Rule.

“Ranchers appreciate Department of the Interior Secretary Doug Burgum and President Trump for working to provide certainty to ranchers who use public lands for livestock grazing, which is crucial to the success of farmers and ranchers in the Western United States. Modernizing decades-old grazing regulations will provide more flexibility for updated management practices and will help ranchers rebuild America’s cattle herds...

Imported Beef Threatens Fragile Recovery for America’s Ranchers

President Trump is considering issuing an executive order that would allow more beef imports at lower tariff rates, but increasing imports could have long-term impacts and fails to address the underlying issues facing America’s ranchers. American Farm Bureau Federation economists analyzed the issue in the latest Market Intel.

“The United States cattle industry is navigating one of the tightest supply environments in decades,” the Market Intel states. “The domestic cattle herd remains near multi-decade lows following years of drought, elevated feed and operating costs, herd liquidation and ongoing disruptions tied...

PrimoHoagies Chief Financial Officer Alex Chu Sharpens Brand's Focus on Franchisee Profitability

PrimoHoagies, the award-winning Italian specialty sandwich franchise known for its authentic hoagies, premium ingredients, and 30+ year heritage, is highlighting the early impact of Chief Financial Officer Alex Chu, who joined the brand's leadership team in October 2025.

Since stepping into the CFO role, Chu has focused on strengthening the financial infrastructure behind PrimoHoagies' franchise system while keeping franchisee profitability at the center of the brand's growth strategy. Rather than measuring progress through a single financial snapshot, Chu's work has...

TGI Fridays Launches Fridays United to Drive Global Soccer Tournament Traffic

TGI Fridays has introduced Fridays United, a limited-time matchday platform aimed at capturing group dining occasions tied to the Global Soccer Tournament.

Running through Aug. 31, the promotion combines shareable food, themed beverages, digital engagement, and loyalty incentives designed to boost traffic and check averages during matches.

“Fridays United™ represents everything we stand for at TGI Fridays® – bringing people together to celebrate life's biggest moments,” said Ray Blanchette, CEO of TGI Fridays, who called the tournament “a cultural phenomenon that unites fans...

Smithfield Foods Releases 24th Annual Sustainability Report

Smithfield Foods released its 24th annual sustainability report highlighting the company’s continued progress in animal care, environmental stewardship, food safety and community support.

“Our team delivered meaningful progress against our sustainability targets in 2025, reinforcing our commitment to producing ‘Good food. Responsibly.^®,’” said Shane Smith, president and chief executive officer of Smithfield Foods. “From reducing food waste to investing in animal care and environmental stewardship, we are proud of the impact our teams are making across our operations and local communities.

Key Achievements in 2025