Cattle Sink as Bird Flu Beef Tests Fuel Demand Fears
Chicago Mercantile Exchange cattle futures tumbled on Tuesday as traders worried consumers will buy less meat, a day after the U.S. government said it will verify the safety of ground beef in states that have bird-flu infections in dairy cows.
The U.S. Department of Agriculture said on Monday it would test ground beef samples in retail stores in the nine states with confirmed H5N1 outbreaks in dairy herds. The department added it was confident the country's meat supply is safe...
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HPAI H5N1 Virus in Dairy Cattle – What We Know
In March 2024, Highly Pathogenic Avian Influenza (HPAI) A (H5N1), commonly referred to as bird flu, was confirmed in domestic U.S. livestock for the first time in a dairy operation in Texas. Since then, the virus has spread to 36 dairy operations across nine states, raising widespread uncertainty throughout the dairy and livestock markets. Industry participants have raised concerns about the outbreak's potential impact on consumer perception and demand for dairy and meat products, though government agencies reiterate that the national food supply remains safe. Urner Barry is closely monitoring the situation...
Cargill Meat Solutions Recalls Ground Beef Products Due to Possible E. coli O157:H7 Contamination
Cargill Meat Solutions, a Hazleton, Pa., establishment, is recalling approximately 16,243 pounds of raw ground beef products that may be contaminated with E. coli O157:H7, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced today.
The raw ground beef items were produced on April 26-27, 2024. The following products are subject to recall [view labels]:
Publix Reports First Quarter 2024 Results and Stock Price
Publix’s sales for the three months ended March 30, 2024 were $15.1 billion, a 5% increase from $14.3 billion in 2023. Comparable store sales for the three months ended March 30, 2024 increased 2.8%. The company estimates sales increased 1% due to the effect of the Easter holiday being in the first quarter of 2024. In 2023, the effect of the Easter holiday was in the second quarter.
Net earnings for the three months ended March 30, 2024 were $1.4...
Standard Meat Company Announces Appointment of Keith Blanks as Chief Commercial Officer
Standard Meat Company (SMC) Co-President Ashli Rosenthal Blumenfeld announced the appointment of Keith Blanks to the position of Chief Commercial Officer (CCO) at the family-owned firm.Founded in 1935 and headquartered at the iconic Stockyards in Fort Worth, Standard Meat Company (SMC) is a meat processing and packaging firm with plants in Dallas, Fort Worth, Saginaw, and Ponder, Texas. An industry leader in quality and innovation, the company is a global supplier of custom meat portioning and packaging solutions for...
Papa Johns Announces Kurt Milburn as Chief Supply Chain Officer
Papa John's International, Inc. today announced the promotion of Kurt Milburn to Chief Supply Chain Officer, succeeding Shane Hutchins, who will retire after 26 years at Papa Johns, where he served as Chief Supply Chain Officer since October 2018. Mr. Hutchins will continue to work with Papa Johns as a consultant on special projects and to ensure a smooth transition.
Mr. Milburn joined Papa Johns in 2022 as Vice President of Supply Chain Operations and since that time has taken on additional responsibility to include engineering and...
Ventura Foods to Acquire DYMA Brands
Ventura Foods, a food manufacturing and innovation company specializing in custom and branded products for restaurants and retailers, has reached an agreement to acquire DYMA Brands.
Headquartered in Atlanta, Georgia, DYMA Brands is a leader in liquid portion control and bulk condiments, seasonings, and dry blend mixes for the foodservice industry. It has more than 500 employees and operates manufacturing facilities in Bremen, Georgia; Duluth, Georgia; Bondurant, Iowa; and Visalia, California.
All DYMA Brands employees and manufacturing locations will be acquired as part of the transaction. The DYMA Brands company will...
Golden State Foods Promotes Mariana Manole to Senior Vice President, Global FSQR
Golden State Foods (GSF), one of the largest diversified suppliers to the foodservice and retail industries, is pleased to announce the promotion of Mariana Manole to senior vice president, global Food Safety, Quality, and Regulatory Affairs (FSQR), as well as the appointment of Steve Ross as senior vice president, operations, Liquid Products North America (LPNA).
Based in Conyers, Georgia, Manole will serve as GSF’s chief quality leader, responsible for ensuring all worldwide manufacturing facilities and distribution centers meet food safety laws, federal, state, and local regulatory...
The Retail Rundown: Maximizing May’s Buying Occasions
The grocery sector is maximizing several buying occasions this month as the change in weather and outdoor grilling season breathes new life into the meat case.
May brings about a seasonal shift as daily life bustles with spring activities like sports and outings—boosting the supermarket's convenience and snack food sections. Busy families will also frequent the deli counter more often and turn to quick dinners and frozen options for weekday meals.
Retailers are currently highlighting holiday items for Cinco de Mayo this Sunday. The upcoming holiday, which commemorates the anniversary of Mexico’s...
Subway Sale to Roark is Complete
Transaction signals next phase of Subway’s journey, capitalizing on three years of growth
Subway®, one of the world’s largest restaurant brands, today completed its previously announced sale to affiliates of Roark.
The acquisition comes on the heels of Subway’s three exceptional years of sales growth and positive global net restaurant growth for the first time since 2016. The brand has continued to innovate in 2024, with the introduction of Subway Sidekicks, a hot new menu category, and a fresh lineup of signature wraps, served on a new lavash-style flatbread...
Noelle O'Mara Named Executive Vice President of Conagra Brands
Conagra Brands, Inc. today announced the appointment of Noelle O'Mara as executive vice president & president, New Platforms and Acquisitions effective May 6.
In this role, O'Mara will have responsibility for identifying and scaling new organic growth platforms and acquisitions. This work will span strategy, product innovation, commercialization, synergy capture, and in-market execution.
"Noelle's leadership and track record of delivering results will be instrumental in advancing Conagra's ambition to further scale emerging brands while delivering an ambitious innovation and growth strategy," said Sean Connolly, president and chief executive officer, Conagra Brands...
USDA Confirms Detection of Avian Influenza in Dairy Cattle in Colorado
Yesterday, the US Department of Agriculture’s (USDA) National Veterinary Services Laboratory (NVSL) confirmed a detection of Highly Pathogenic Avian Influenza (HPAI) H5N1 in dairy cows in Northeast Colorado. This is the first detection of avian influenza diagnosed in cattle in Colorado. Detections of HPAI in dairy cattle have occurred in eight other states.
On Monday, April 22, the Colorado State Veterinarian’s office received a notification of a dairy herd demonstrating clinical signs consistent with HPAI in cattle. Samples submitted to the Colorado State University Veterinary Diagnostic Laboratory tested presumptive positive for HPAI on April 24, and were confirmed by the USDA's National Veterinary Services Laboratory on April 25.
802 VT Frozen Recalls Frozen Meat Pizza Products Due to Misbranding and Undeclared Allergens
802 VT Frozen, a Newport, Vt. establishment, is recalling approximately 8,221 pounds of frozen meat pizza due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The product contains soy, a known allergen, which is not declared on the product label.
The frozen meat pizza item was produced from April 25, 2023, through April 25, 2024. The following product is subject to recall [view labels]:
ANALYSIS: Boneless Ribeye Prices Reflecting a Cautious Approach
Ribs have been tough items to get a pulse on this year as spending, production, and sentiment have all seen notable shifts in the past year. Uncertainty surrounding available cattle supplies and consumer willingness to spend on beef has prompted the market to take a much more cautious approach to the market and even more so around ribs. Urner Barry’s Choice Boneless Ribeye quote currently sits at $9.15/lb. compared to $10.23/lb. last year, which is about 10% lower...
Makers of HORMEL® NATURAL CHOICE® Reintroduce Chicken and Roast Beef to Portfolio of Deli Products
The makers of the HORMEL® NATURAL CHOICE® brand, a trusted name in deli products and maker of 100% natural*, completely delicious deli meat, are excited to reintroduce two items to its appetizing lineup of deli options: Deli Roast Beef and Rotisserie Seasoned Deli Chicken Breast. These varieties join a wide-ranging portfolio of 100% natural* deli products, with no nitrates or nitrites added**, and no preservatives.
"We work hard to ensure that every product we provide is completely...
Properly Prepared Beef Remains Safe; Meat Institute Calls For Guidance to Protect Workers
As the U.S. Department of Agriculture (USDA) issued a nationwide order including requiring lactating dairy cows to test negative for Highly Pathogenic Avian Influenza (HPAI) before interstate transport, the Meat Institute today said that properly prepared beef remains safe to eat and called for USDA and the Centers for Disease Control and Prevention (CDC) to provide worker safety guidance specific to beef processors to ensure workers are protected from infection.
“USDA and CDC are working overtime to understand the spread of the virus...
USDA Issues FAQ on Federal Order Requiring Bird Flu Testing in Dairy Cattle
On Wednesday, the U.S. Department of Agriculture (USDA) announced a Federal Order requiring mandatory testing of lactating dairy cattle for bird flu before interstate movement. Effective Monday, April 29, 2024, the order also mandates reporting positive influenza A test results in livestock to USDA’s Animal & Plant Health Inspection Service (APHIS).
Highly pathogenic avian influenza (HPAI) causes less severe illness in cattle than in poultry, in which the virus is typically fatal, but remains a concern for livestock and humans who come into contact with infected animals...
Domino's® is Tipping Customers Who Tip Their Delivery Drivers
Domino's Pizza Inc. brought you Carryout Tips. Now the largest pizza company in the world, known for its value innovation, is launching You Tip, We Tip – a promotion that tips customers who tip their delivery drivers, beginning April 29.
"Domino's drivers have been hustling to deliver hot, delicious pizzas since 1960, and we love that customers have been tipping them for their great service since day one," said Kate Trumbull, Domino's senior vice president – chief brand officer. "But these days, everywhere you...
ConSup North America Inc. Recalls Ready-To-Eat Sliced Prosciutto Product
ConSup North America Inc., a Lincoln Park, N.J. firm, is recalling approximately 85,984 pounds of ready-to-eat (RTE) sliced prosciutto ham product produced in Germany without the benefit of equivalent inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The RTE sliced prosciutto ham item was produced on various dates from Sept. 25, 2023 through March 6, 2024. The following product is subject to recall [view labels]:
ANALYSIS: Export Volume Challenges for Mexican Beef End Cuts
Throughout 2024, beef export levels from Mexico to the United States have been relatively low compared to previous years. This trend is largely attributed to the exchange rate, as the strength of the Mexican peso against the dollar has led to higher prices of Mexican items. Consequently, even though there is sustained demand for Mexican beef in the US, Mexican producers have been constrained in their ability to allocate beef for export, since sales in the Mexican domestic market are more profitable. This situation is particularly evident with end cuts...
USDA Actions to Protect Livestock Health From Highly Pathogenic H5N1 Avian Influenza
To further protect the U.S. livestock industry from the threat posed by highly pathogenic H5N1 avian influenza, USDA is sharing a number of actions that we are taking with our federal partners to help us get ahead of this disease and limit its spread.
Today, USDA’s Animal and Plant Health Inspection Service (APHIS) announced a Federal Order requiring the following measures, effective Monday, April 29, 2024:
Mandatory Testing for Interstate Movement of Dairy Cattle
Hormel Foods Announces Retirement of Jeff Grev, Vice President of Legislative Affairs
Hormel Foods Corporation, a Fortune 500 global branded food company, today announced that Jeff Grev, vice president of legislative affairs, will be retiring after a 40-year career with the company. Chad Randick, director of strategy and current lead of the company's transformation and modernization initiative, will succeed Grev as vice president of legislative affairs.
As vice president of legislative affairs, Randick will assume responsibility for overseeing all state and federal legislative affairs, and regulatory affairs.
"Chad's deep knowledge of our business and leadership experience in finance, sales...
The Retail Rundown: Abundance of Springtime Eating Occasions
There is an abundance of springtime eating occasions and grocers are gearing up for a triathlon of sorts with Cinco De Mayo, Mother’s Day, and Memorial Day fast approaching.
The produce section and the meat case are expected to benefit from Cinco de Mayo as those celebrating load up on beef, pork, and chicken for a variety of dishes like tacos, fajitas, burritos, and carnitas. These dishes are often accompanied by fixings like guacamole and salsa, boosting sales of avocadoes, mangoes, and more...
Grocer Lowers Prices on Essential Basket Staples, Asking Customers to "Compare & Save" Versus National Brands
All customers will have access to new giant savings on Giant brands with hundreds of new lower prices. They simply need to look for the "Compare and Save" tags on items in every aisle. The Flexible Reward promotion allows customers to earn 2x the points on Giant brand item purchases. These points can then be redeemed for grocery savings, gas savings or unique product offerings during future trips.
"At Giant Food, we have always offered great savings to our customers through our...
2 Feared Dead After Cargo Plane Crashes in Alaska
A Douglas DC-4 cargo plane crashed in the central Alaska Tuesday, killing two people onboard, local authorities said.
The plane took off in the morning from Fairbanks International Airport and crashed about 11 km from there, catching fire on a steep hill on the bank of the river and sending "a large plume of smoke," The Associated Press reported, quoting Alaska State Troopers as saying.
The National Transportation Safety Board (NTSB) was sending investigators to the site, said Clint Johnson, chief of the NTSB's Alaska...
Analysis: Dollar to Peso Currency Conversion Impact on the U.S. Pork Bone-In Ham Market
Following the Easter holiday and into early April, the US 23/27 bone-in ham market displayed a fully steady to firm tone, with the majority of buying interest coming from the Mexican market. The Urner Barry weekly average price for bone-in hams for the week of April 8th, 2024 was the second highest on record for the month of April, dating back to 1981. This price was only exceeded during the 2014 Porcine Epidemic Diarrhea Virus (PEDv) outbreak, reflecting the tight supply...
Perkins Restaurant & Bakery Is in Its Prime With Weeklong Juicy Deals in Honor of National Prime Rib Day
National Prime Rib Day is April 27, and Perkins Restaurant & Bakery®, a leading family-dining restaurant brand known for its homestyle meals and breakfast-all-day, is making it prime time all week long. Leading up to National Prime Rib Day, from April 22 to April 26, guests can visit a participating Perkins to enjoy 27% off all Prime Rib entrées. The deal gets even juicer on National Prime Rib Day as guests will enjoy a Buy One, Get One...
Performance Food Group and Industry-Leading Partners Unveil Sustainable Distribution Center
Advanced Energy Machines, FreeWire, GridMarket and Volvo Trucks North America played key roles in facility transformation
In recognition of Earth Day 2024, Performance Food Group Company (PFG) (NYSE: PFGC), Advanced Energy Machines (AEM), FreeWire Technologies, GridMarket and Volvo Trucks North America, partnered to hold a special open house event at PFG’s Gilroy, CA facility to show how the companies have collaborated to help create a sustainable distribution center model of the future.
PFG is committed to mitigating its carbon footprint and being responsible stewards of the environment...
The Makers of the HORMEL GATHERINGS® Brand Introduce Summer-Themed Hard Salami & Pepperoni Tray
With summer months right around the corner, the makers of the HORMEL GATHERINGS® brand are welcoming the season with the all-new, summer-themed Hard Salami & Pepperoni Tray, a perfect snacking solution for any summer shindig. Whether it's Fourth of July celebrations, or simply enjoying the company of family and friends on a pleasant summer evening, the Hard Salami & Pepperoni Tray is a convenient and delicious option to keep summertime snack cravings satisfied.
"Summer is the perfect time of year for people to get...
Vertical Cold Storage Surges to Sixth Largest Cold Storage Provider in North America
Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, moved from 15th to sixth on the Global Cold Chain Alliance’s (GCCA) North American Top 25 List of Refrigerated Warehousing and Logistics Providers. The company now has more than 77 million cubic feet of capacity in nine locations and employs more than 400 full-time team members.
In the past 12 months, Vertical Cold acquired MWCold in Indiana, purchased a second facility in the...
Iconic Trio Alert: Taco Bell, Lebron James and Jason Sudeikis for a Taco Tuesday Experience
Taco Bell is bringing icons together to shake up Taco Tuesdays with a new offering that builds on its long history of satisfying cravings with unparalleled value. Available exclusively on Taco Tuesdays from April 23 through June 4, the new $5 Taco Discovery Box brings together three of Taco Bell's most iconic tacos, including the brand-new Cantina Chicken Crispy Taco, and a medium fountain drink, delivering value, variety and craveability in one simple bundle. The limited time offer is accompanied by...
Armanino Foods of Distinction, Inc. Reports the Highest First Quarter Profits in Company's History
Armanino Foods of Distinction, Inc. reported its highest quarterly profits ever for the first quarter ending March 31, 2024. Armanino continued its profitability streak for the 83rd quarter in a row.
Net sales for the first quarter of 2024 were $15,720,317 compared to $16,351,866 for the same period last year, a decrease of 4%. Income before taxes for Q1 2024 was $3,116,504 compared to $2,561,406 for the same quarter in 2023, an increase of 22%. Net income for this period was...
Flynn Group Expands Portfolio Through Acquisition of Applebee’s Restaurants
Signs Agreement with Applebee’s to Open 25 New Restaurants
Applebee’s, one of the world’s largest casual dining brands, recently signed an agreement with the world’s largest restaurant franchise operator, Flynn Group, with the goal to open 25 new Applebee’s restaurants in the U.S. over the next seven years. This expansion goal is part of Applebee’s development strategy to return the brand to net new unit openings.
Tony Moralejo, President of Applebee’s, said, "After 44 years as the neighborhood dining destination in America, this agreement reinforces...
Kroger, Albertsons Companies and C&S Wholesale Grocers, LLC Announce an Update
Amended Divestiture Plan Adds Stores, Facilities and Banner Names to Enhance Competition in Overlap Geographies and to Address Regulator Concerns
The Kroger Co. and Albertsons Companies Inc. announced today that they have amended their definitive agreement with C&S Wholesale Grocers, LLC for the sale of assets in connection with their proposed merger previously announced on October 14, 2022. This amended package modifies and builds on the initial divestiture package that was announced on September 8, 2023.
The amended divestiture package responds to concerns raised by federal and...
Albertsons Companies, Inc. Reports Fourth Quarter and Full Year Results
Albertsons Companies, Inc. today reported results for the fourth quarter of fiscal 2023 and full year fiscal 2023, which ended February 24, 2024.
Fourth Quarter of Fiscal 2023 Highlights
Fiscal 2023 Highlights
FSIS Issues Public Health Alert for Ground Beef Products, Possible E. Coli O157:H7 Contamination
The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for ground beef products that may be contaminated with E. coli O157:H7. FSIS is issuing this public health alert to ensure that consumers are aware that these products should not be consumed. A recall was not requested because the products are no longer available for purchase.
The raw ground beef items were produced on March 28, 2024. The products have a...
Cow-to-Cow Transmission Confirmed as a Factor in Spread of H5N1
In an update provided by the USDA, the agency confirmed that cow-to-cow transmission is a factor in the spread of H5N1 bird flu in dairy herds.
However, it remains unclear exactly how the virus is being moved around. “We know that the virus is shed in milk at high concentrations; therefore, anything that comes in contact with unpasteurized milk, spilled milk, etc. may spread the virus,” explained the USDA.
The government stressed the importance of biosecurity, including the movement of people, animals, vehicles, and...
White Castle Celebrates the 20th Anniversary of "Harold & Kumar Go to White Castle"
"Harold & Kumar Go to White Castle" could be described simply as a movie. But for many people, the story about two average guys on an odyssey to follow their Crave can be classified as a magnum opus. Beginning April 20, White Castle, the iconic American fast-food restaurant, will celebrate the 20th anniversary of the theatrical release by New Line Cinema of "Harold & Kumar Go to White Castle" with treats for fans visiting their neighborhood Castle or their favorite local grocer's freezer aisle...
Grubhub Brings Grocery to its Marketplace with Mercato Partnership
Grubhub and Mercato, an online marketplace for independent grocery stores, have partnered to bring Mercato's inventory of more than 950 merchants across the country to the Grubhub Marketplace. Customers can order from hundreds of locations today, with all merchants becoming available over the next few weeks. With this first-ever third-party delivery partnership for Mercato, Grubhub is expanding its Marketplace selection, and providing even greater value for its customers by now offering grocery, convenience and alcohol merchants. Mercato's merchants can grow their business and e-commerce footprint with access...
Gopuff Partners with Misfits Market for Nationwide Launch of 300+ Fresh Grocery Items
Gopuff today launched a comprehensive and affordable Fresh Grocery assortment powered by Misfits Market. Combining Gopuff's leading instant delivery with great value driven by Misfits Market’s differentiated sourcing model, the partnership will deliver an extensive range of more than 300 items, including fresh fruit and vegetables, dairy, meat, poultry, fresh bread and more, to customers’ doors in as fast as 15 minutes.
“We are thrilled to unveil our Fresh Grocery initiative today. By capitalizing on our vertically integrated model and expansive scale...
Lineage Logistics Announces Rebranding, Changes Brand Name to Lineage
Lineage, one of the leading temperature-controlled industrial REIT and logistics solutions providers worldwide, has announced a rebranding, formally changing its brand name from Lineage Logistics to Lineage.
Established in 2012, the Lineage name reflects the company’s unique legacy and expertise in the interconnected world of cold storage and logistics. The company’s shield logo signifies the generational and entrepreneurial commitment of the many companies that have been welcomed into the Lineage family through over 110 acquisitions to form Lineage with the shared charge of keeping the global food supply safe and...
Volatile Pig Market Means Quality & Trust Are Critical When Selecting Feed Additives, Says Novonesis
With the swine market enduring ongoing volatility, producers face profitability challenges and are ever more driven to ensure they can make optimal use of their biggest cost: feed. When selecting a feed additive which helps achieve this, predictability and consistency are crucial.
In today’s Industry Perspectives piece, Novonesis’s Dr. Lea Hübertz Birch Hansen, Global Technical Product Manager, Swine, and Lena Raff, Senior Portfolio Manager, Swine, present their view on the current and future market situation while discussing the ongoing focus on delivering high quality...
Cargill and Nestlé Purina Partner on Regenerative Agriculture Adoption to Reduce Carbon Footprint
Investment in regenerative agriculture is estimated to reduce the carbon footprint of Purina’s U.S. grain supply from Cargill by up to 40 percent over the next three years
Nestlé Purina is investing in farmer adoption of regenerative agriculture practices across the company’s corn and soy supply chains through a new partnership with Cargill, one of the largest ingredient and agricultural solutions companies in the U.S. This work will support soil health and reduce the carbon footprint for Purina dry pet food products across North America...
ANALYSIS: Beef Herd Dynamics – Heifer Slaughter Rates Remain High
Amidst historical lows in the U.S. cow herd population, market observers have noted a significant uptick in the price of Fresh 90% lean boneless beef trimmings, marking nine consecutive weeks of higher weekly weighted averages. The latest Urner Barry weekly weighted average quotation is reported at $3.4936 per pound, an all-time high. This trend traces back to herd liquidation beginning in 2019, spurred by drought conditions across major cattle-producing regions and subsequent elevated feed costs, which disincentivized producers to maintain herd size...
Dine Brands Releases 2023 Environmental, Social, and Governance (ESG) Report
Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar®, IHOP®, and Fuzzy’s Taco Shop® restaurants, released its 2023 ESG report which speaks to priorities and progress within the focus areas of People, Planet, Food, and Governance.
“Dine Better, Together is how we describe our intention to combine business growth and competitive strength with our ESG commitments,” says John Peyton, CEO of Dine Brands. “At Dine we remain motivated to provide more than an exceptional dining experience, and we...
Urner Barry Presents Historic Awards to Industry Professionals at Executive Conference
Plus, Rising Star Award presented to industry up and comer
The 48th annual Executive Conference is underway at The Venetian in Las Vegas. Urner Barry is proud to host industry executives from the poultry, egg, and red meat industries in 2024 for this premier event. Day one kicked off with opening remarks from Urner Barry host, Russ Whitman, followed by Dr. David Kohl as the morning’s keynote speaker.
Following Dr. Kohl’s remarkable session on agricultural economics and the business trends to expect in the coming years, it was time for the annual awards ceremony. Each year, Urner Barry recognizes two exceptional individuals for their work and service to the industry—the Poultry Person of the Year and the Egg Person of the Year...
Executive Conference: Jeff Saturday on Communication and Collaboration on and off the Field
It’s day one at Urner Barry’s 48th Annual Executive Conference at The Venetian in Las Vegas! Russ Whitman, Director of Market reporting, delivered the opening ceremony to a jam-packed room, where hundreds of industry stakeholders and analysts gathered to share their expertise and gain insights from today's speakers.
Dr. David Kohl, Economist, kicked off the agenda with his panel titled: Agricultural Economics and Business Trends for the Late 2020s: What Is Coming Next? An Academic Hall of Famer in the College of Agriculture at Virginia Tech...
US Demand Spurs Australian Beef Exports
Prices of Australian beef export have been on the rise, despite tepid consumer demand in the Asian Pacific food service sector. Overall consumption has been subdued due to cautionary spending and inflationary economic headwinds.
Selling indications of 95CL boneless beef has tipped over the $300/cwt CIF NE Asia for the first time this week since the start of the year, driven by the rally in US beef prices.
Strong March 2024 export figures have provided a substantial confidence boost to Australian exporters to drive plans for operational expansion...
Introducing Domino's® New York Style Pizza
Craving a delicious, new crust that is thin and cut into big, foldable slices? Domino's Pizza Inc. (NYSE: DPZ), the largest pizza company in the world, has you covered. Introducing New York Style Pizza: a pizza that is designed to be even more delicious, whether you hail from New York City or beyond.
Domino's New York Style Pizza is made with fresh, never frozen dough that is stretched thin, by hand. It is topped with a melty blend of cheese made with 100% real mozzarella and provolone, and cut into six big, foldable...
Online Grocery Delivery Services Market size is set to grow by USD 652.45 billion from 2023-2027
Albertsons Companies Inc., Alibaba Group Holding Ltd. and Amazon.com Inc., and more to emerge as Some of the Key Vendors, Technavio
The global online grocery delivery services market size is estimated to grow by USD 652.45 bn from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 19.43% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental...
Good Times Restaurants Reports Second Fiscal Quarter Same Store Sales
Good Times Restaurants Inc., operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today announced that same store sales1 increased 0.9% for its Good Times brand and decreased 3.2% for its Bad Daddy’s brand compared to the same prior-year fiscal quarter and average weekly sales2 were $27,133 and $50,880 for its Good Times and Bad Daddy’s brands, respectively, for its second fiscal quarter ended March 26, 2024.
Ryan Zink, President and CEO, said “The strength of our Good Times brand is clearly evident from...
CNBC/NRF Retail Monitor Shows Retail Sales Grew in March Amid Wage Gains and Easing Inflation
Retail sales grew at a steady pace in March, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation.
“As inflation for goods levels off, March’s data demonstrates steady spending by value-focused consumers who continue to benefit from a strong labor market and real wage gains,” NRF President and CEO Matthew Shay said. “In this highly competitive market, retailers are having to keep prices as low as possible to meet the demand of...
ADM Animal Nutrition Expands Recall to Include 17 Additional Lots of Chicken, Swine and Rabbit Feed
ADM Animal Nutrition, a division of ADM , is expanding the recall announced on March, 30, 2024, to include the following additional products due to elevated levels of magnesium, sodium, calcium and/or phosphorus: Pen Pals® Chicken Starter-Grower (Product Nos. 70009AAA46 and 70009AAA44); Pen Pals Egg Maker Complete (Product No. 70010AAAE4); MaxLean GF Concentrate (Product No. 12354AAA); ShowTec Sow Ration with Thermal Care (Product No. 12343AAA); ShowTec BB 18 BMD (Product No. 18241AGNE4); ShowTec BB 18 BMD/DBZ (Product No. 18241PLM)...
Shoppers Believe Government Policies and Actions Most Responsible for Higher Prices in Supermarkets
The Feedback Group, a leader in providing actionable stakeholder feedback, today released new findings from national research conducted with 1,150 consumers about their experience shopping in supermarkets for food and groceries.
Government Policies and Actions Top List of Factors Responsible for Higher Prices at SupermarketsSupermarket shoppers rated a variety of entities and factors, on a five-point scale where five is "highly responsible" and one "not at all responsible", as to their degree of responsibility for higher prices in supermarkets. Viewed as most responsible, government policies and actions received the highest mean score (3.86). Product manufacturers and suppliers scored second most responsible (3.75), followed more distantly by wars and worldwide political conflicts (3.42), supermarket retailers (3.40), and labor supply shor
NRF Announces Promotion of Chief Lobbyist
The National Retail Federation today announced the promotion of David French from senior vice president to executive vice president of government relations and executive director of the National Council of Chain Restaurants. Since joining NRF in 2011, French has led the organization’s advocacy strategy to advance the retail industry’s legislative priorities.
“As NRF’s chief lobbyist, David is a great partner of many years who has done an incredible job with public policy efforts that support retailers and the millions of people they employ and the communities they serve,” NRF President and...
ANALYSIS: Raw Material Costs in the QSR Sector - Beef Versus Chicken
Fast food restaurants have garnered a lot of attention in recent months due to increasing menu prices. We thought it would be worthwhile to examine the costs for different ingredients used by the sector, particularly focusing on raw protein materials required for staple menu items.
For this analysis, we concentrate on hamburger formulations using a 75% lean point. Cost ratio values below one indicate that a hamburger made exclusively from domestic boneless beef provides greater economic value, while values above one suggest that alternative options...
NCBA Urges USDA to Reverse Decision to End Reporting of Critical Cattle Industry Data
Today, the National Cattlemen’s Beef Association (NCBA) criticized the U.S. Department of Agriculture National Agricultural Statistics Services’ (USDA-NASS) decision to cancel the July Cattle Report and discontinue the County Estimates for Crops and Livestock, among other changes. These reports provide critical data and the decision to end them is completely misguided.
“It is disingenuous for the same agency which touts its commitment to transparency in livestock markets to arbitrarily cease publication of reports which provide just that...
Dickey’s Barbecue to Expand Partnership with Sam’s Club
Dickey’s Barbecue Pit is thrilled to continue growing their retail presence with Sam’s Club.
Starting in April 2024, the Texas-style barbecue brand is expanding their partnership into an additional 30+ Sam’s Club stores throughout Montana, Louisiana, New Mexico, Central and South Texas Regions. Sam’s Club shoppers can purchase Dickey’s world famous, original polish smoked sausage ropes in the popular 36oz Club Pack and show off their backyard pit master skills from the comfort of their own homes.
“We are pleased to now be offering the Dickey’s...
Highly Pathogenic Avian Influenza Confirmed in North Carolina Dairy Herd
Highly pathogenic avian influenza (HPAI) was detected in a dairy herd in North Carolina on April 10, bringing the number of states with confirmed cases of HPAI in livestock to seven.
HPAI has previously been detected in nine dairy herds in Texas, three in Kansas, two in New Mexico, and one each in Michigan, Idaho, and Ohio. The movement of cattle from affected herds in these states to North Carolina has been suspended.
“This is an evolving situation, and we are waiting for more diagnostics from NVSL and will work collaboratively with our federal partners and dairy farmers in North Carolina,” said Agriculture Commissioner Steve Troxler...
Kroger Kicks Off a Latin Flavor Take Over Four-Week Event
The Kroger Co. today announced it is kicking-off Cinco de Mayo with a four-week Latin flavors event. Customers are invited to experience savory Latin cuisine and explore the vibrant world of Latin flavors waiting for them at Kroger.
"This event is a celebration of a culture and flavors that inspires togetherness and a passion for food," said Dan De La Rosa, Kroger's group vice president of Fresh Merchandising. "We hope to curate an experience that promises to spark a new culinary adventure...
Rerouting Trucks and Ships Away from Baltimore: What Early Data Shows
As the days add up after the March 26 collapse of the Francis Scott Key Bridge, companies that gather data from trucks and supply chains are beginning to get an idea of where trucks are rerouting in the catastrophe’s wake. Data on ship rerouting is less conclusive.
While some of that data is clear, a lot remains murky as shippers and carriers figure out how to loosen the logistical choke points the collapse created.
One of the clearest data series in the market, because it is fed...
The Retail Rundown: Competitive Prices Drive Traffic; CPI Update
The coming weeks and months present favorable weather conditions for grilling and travel, considered supportive of protein sales from both a retail and foodservice standpoint. And with a few notable items displaying comparatively attractive prices, the retail sector is well positioned to capitalize on pent-up grilling demand.
Below, we’ll explore a few notable items featured near or below year-ago levels last week, when some households celebrated Easter.
First up is beef ribeye, which averaged $10.79 discounted, down $2.24, or 17.2% from a year ago. Beef...
Import Cargo To Hit 2 Million Containers For First Time Since Last Fall
Next month’s inbound cargo volume at the nation’s major container ports is expected to top 2 million units for the first time since last fall as imports grow despite new supply chain challenges, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“U.S. imports are continuing to increase despite another disruption impacting U.S. ports,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “As retailers have adjusted to limits...
AFN to Bolster Definition and Establish Criteria for Regeneratively Raised Grass-Fed Beef
As the leading domestic grass-fed beef producer in the United States, American Farmers Network (AFN) has already established and implemented criteria for regeneratively raised beef standards throughout its extensive network of family ranchers. With AFN already having USDA approval to use the Regenerative Agriculture claim on its packaging for products currently being distributed through retail chains nationwide, they are perfectly situated to pioneer the development of a comprehensive certification criteria for regenerative grass-fed beef production across the entire beef category...
ANALYSIS: Will Peeled Knuckles Hold Their Ground? Lean Beef Shortage Tests Seasonal Trends
Record-high prices of 90% boneless beef have had a massive impact on several items within the boxed beef complex. Perhaps none have felt the effect more so than the peeled knuckle. Choice peeled knuckles have witnessed the strongest seasonal pricing in history through April 8, at $3.60/lb. Just a quick glance at the above chart and it becomes quite clear that pricing has fallen right in line with the trend of 90% boneless beef....
ANALYSIS: Australia's March Beef/Veal Exports Reach Highest Levels Since 2014, US Takes Top Spot
Australia’s beef/veal exports for March surged to levels not seen since 2014, up 7.7% y-o-y or up 7,595 mt to 106,573 mt, data from the Department of Agriculture, Fisheries, and Forestry (D.A.F.F) indicated. This also pointed to a consecutive monthly increase of 12,739 mt or 13.6% m-o-m.
Notably, the US has taken over as the largest export destination for Australia, surpassing Japan, for the first time since 2015. The Monthly Australian Meat Export figures to...
Kim Lewis Appointed CMO of Capriotti's Sandwich Shop
Capriotti's Sandwich Shop (Capriotti's) announced this morning the latest addition to its executive leadership team: Kim Lewis, the first-ever Chief Marketing Officer (CMO) for the brand. This appointment comes as Capriotti's continues to plant roots in new markets, introduce menu and tech innovations to its operations, and further establish itself as a category leader in the restaurant space across the country.
Kim's experience in marketing spans well over two decades, including more than 15 years in the retail industry and most recently, 6+ years...
Corn Planting Progress Slightly Outpacing Average Rate
In the USDA’s latest Crop Progress report, corn plantings as of Sunday, April 7 were 3% underway across the 18 primary production states. This is slightly behind the 5-year average rate of 2%.
Seven states now report planting progress, up from six the previous week. North Carolina and Missouri/Tennessee showed the most week-over-week progress, jumping 8 and 5 percentage points, respectively.
States failing to get on the board include Iowa, Michigan, Minnesota, North Dakota, Ohio, South Dakota, and Wisconsin.
Corn futures were down 1 to 2 cents...
Papa Johns Deepens Strategic Partnership With the Bajco Group to Expand Presence in North America
Papa John’s International, Inc. (“Papa Johns” or “Company”) today announced plans to open 50 new restaurants by 2028 in partnership with franchisee Nadeem Bajwa and his company, The Bajco Group, which has grown over the past 20 years to become one of Papa Johns largest domestic franchisees.
Furthering Bajwa’s goal to own 500 Papa Johns restaurants, the new agreement will expand the Papa Johns footprint in The Bajco Group’s existing markets across the Midwest and in Arizona, Pennsylvania...
Applebee’s Launches NEW Whole Lotta Bacon Burger
Applebee’s is bringing home the bacon to guests nationwide with its newest Handcrafted Burger: the NEW Whole Lotta Bacon Burger! Big, bold, and full of bacon, the NEW Whole Lotta Bacon Burger takes flavor to the next level for only $9.99, for a limited time.* Guests can cure their bacon cravings with this decadent burger by dining in or ordering To Go.
The NEW Whole Lotta Bacon Burger features seared Applewood-smoked bacon in a juicy all-beef patty, topped with three slices of bacon, tangy bacon sauce and American cheese...
Farmlands Co-operative to Proceed with Acquisition of Cattle Feed Producer Seales Winslow
The New Zealand Commerce Commission (NZCC) has given the green light to Farmlands Co-operative's October 2023 proposed acquisition of Seales Winslow, the animal nutrition division of Ballance Agri-Nutrients which specialises in cattle feed production.
Farmlands is a farming co-operative with over 80,000 shareholders. Its NRM animal nutrition products division supplies its customers in New Zealand's South Island with pelletised compound feed that it manufactures itself. In the North Island, Farmlands uses toll manufacturers. Meanwhile, Seales Winslow operates...
Podcast: Agri-Food for Thought Ep 8 - Global Supply Chain Situation
USDA’s APHIS Answers Questions on Detection of HPAI in Dairy Cattle
Following the recent string of highly pathogenic avian influenza (HPAI) detections in dairy herds in several states, USDA’s Animal and Plant Health Inspection Service (APHIS) has answered some of the most frequently asked questions about the rapidly evolving situation.
As of Apil 3, 2024, six states have confirmed cases of HPAI in domestic livestock. The first confirmation was on March 25 in dairy milking cattle in Texas. Since then, Kansas, Michigan, New Mexico, Idaho, and Ohio have also reported HPAI in dairy cattle herds.
Below are some of the questions...
States with HPAI-Infected Dairy Cows Grows to Six
A herd of dairy cattle in Ohio has been infected with highly pathogenic avian influenza (HPAI), increasing the number of states with dairy operations affected by the virus to six.
The Ohio Department of Agriculture (ODA) on April 3 announced it had received confirmation from the U.S. Department of Agriculture’s (USDA) National Veterinary Services Laboratory (NVSL) of HPAI infection in a dairy cattle herd in Wood County, Ohio.
The USDA previously confirmed the H5N1 strain of HPAI in dairy cattle on seven Texas farms, two in Kansas, and one each...
Albertsons Companies Unveils Simplified “for U” Loyalty Program Enhancing Member Experience
Albertsons Companies (NYSE: ACI) continues to transform its customer shopping experience and deepen customer relationships announcing today a new, simplified loyalty program providing more value and ease than ever for the retailer’s 38 million* loyalty members. Available now, the award-winning for U™ loyalty program is better than ever with a single points-based system, double the time to earn points and a new automatic cash off option for more convenient savings, among other benefits. The program retains all the benefits customers love with exciting enhancements to celebrate their loyalty and create customers for life.
The for U loyalty program is free and available to all customers who shop at Albertsons Cos. stores including Safeway, Albertsons, Shaw’s, ACME, Jewel-Osco, Randalls and Vons
Analysis: Weekly Record High Volume in US Fresh Imported Lamb Product
According to the USDA’s latest National Weekly Lamb Carcass & Lamb Cuts report, the week of March 11th, 2024, experienced the highest weekly national imported volume of fresh lamb products to the US recorded since data collection began in 2005, totaling 4,424,235 pounds.
This represents a substantial increase, showing a 19.4% rise in the year-to-date total volume compared to this same period last year, and highlights a peak in demand activity as Easter 2024 approached. A significant portion...
CKE Restaurants Names Brand Presidents for Carl's Jr. and Hardee's
CKE Restaurants Holdings, Inc. (CKE), parent company of Carl's Jr.® and Hardee's®, is announcing the appointment of brand presidents for Carl's Jr., Hardee's and International.
Following the separation of the Carl's Jr. and Hardee's brand, the business approach includes a leadership structure with three teams, each led by a president driving execution of strategic growth plans. Mike Woida will continue to lead as International President, Chris Bode was named Hardee's USA President last fall, and Blake Devillier has joined CKE Restaurants as Carl's Jr. USA President...
White Castle Savors Value and Flavor with the Introduction of the New $5 Bacon Bundle
White Castle, home of the Original Slider, is doubling down on its commitment to value, and at a time when consumers need it most. The iconic restaurant is launching the $5 Bacon Bundle! This news is so fresh you can hear it sizzling and smell the unmistakable scent of perfectly cooked bacon.
The $5 Bacon Bundle ($6 in Arizona) comes with a choice of two Bacon Sliders — choose from the Bacon Cheese Slider, the 1921 Bacon Cheese...
Robert Irvine and GRUBBRR Launch "Restaurant Revamp" Campaign Ahead of Fast Food Wage Hikes
GRUBBRR, a cutting-edge provider of self-ordering technology, today announced its collaboration with company investor, partner and celebrity chef Robert Irvine to launch "Restaurant Revamp," a giveaway campaign aimed at addressing solutions to rising labor and food costs in California and beyond. The move comes as California is set to raise hourly wages for fast food employees to $20 per hour starting April 1, 2024, and more restaurant owners and operators are looking to integrate technology as a forward-looking solution...
Matthew R. Ott Named New President and CEO of FPSA
The Food Production Solutions Association announced that it has hired Matthew R. Ott as its new President and CEO. This announcement was made by Brian Perkins, FPSA Chair and President of Provisur Technologies Inc, during the Association’s Executive Exchange & Conference held in Indian Wells, California.
As part of this announcement, Perkins shared, “The Boards of both FPSA and the FPSA Foundation proudly welcome Matt to lead the Food Production Solutions Association. As we rebrand and refocus our organization, Matt is the right leader at the right time...
It's Back! Noodles & Company's Famous Steak Stroganoff Makes an Epic Return
The moment Noodles & Company fans have been waiting for is here, Steak Stroganoff is back! Noodles & Company, the national fast-casual chain known for spreading Uncommon Goodness with its globally-inspired noodle bowls, best-in-class service, and values-centric culture, announced today the highly anticipated, limited time return of Steak Stroganoff. Noodles is delivering nostalgia and satisfying goodness to guests with its most requested fan-favorite dish. Beginning April 10, Steak Stroganoff is available at Noodles restaurants for just $10.95, guests can now savor its return...
ANALYSIS: Frozen Pork Supplies Plummet to Monthly Record Lows
The latest USDA Pork Cold Storage Report reveals that frozen pork supplies reached record monthly lows in February. Stocks decreased by 1% from the previous month and declined by 12% compared to last year. The most significant declines were observed in boneless hams, boneless loins, ribs, trimmings, and bellies, which experienced month-over-month decreases.
This reduction in frozen stocks can be partly attributed to increased demand during the third and fourth quarters of 2023 from regions impacted by Prop 12, ahead of the January 1, 2024, deadline...
ADM Animal Nutrition Recalls Select Chicken, Swine, Cattle and Horse Feed Products
Specific lots may contain elevated levels of calcium, phosphorus, magnesium, sodium and/or chloride and may harm chickens, swine, beef cattle and equine
ADM Animal Nutrition, a division of ADM, is recalling the following products:
The Retail Rundown: The April Outlook
The first inklings of planting season have made an appearance and with it comes the prospect of prolonged warmer weather. April typically launches a period of improved foodservice and retail demand as the shift in seasons encourages consumers to venture outdoors and fire up the grill. Moreover, spring break is underway, giving a boost to foodservice interest.
With spring in full swing, feature volume will begin to shift from roasts, popular with cooler weather cooking, to grilling cuts. Currently, the pork category overtakes seafood for a second consecutive week with the most feature volume...
Second US Human Case of Avian Influenza H5N1 Linked to Dairy Cattle Exposure Confirmed
The United States has just confirmed a new case of a person testing positive for highly pathogenic avian influenza (HPAI) A(H5N1) virus in Texas, the country's second human case since a previous incident in Colorado in 2022. The patient had been exposed to dairy cattle presumed to be infected with H5N1, raising concerns amongst the livestock sector and related businesses. However, the Centers for Disease Control and Prevention (CDC) maintains the risk to the general public as low...
Delight Restaurant Group Acquires 65 Wendy's Restaurants From Primary Aim, LLC
Delight Restaurant Group announced today the acquisition of 65 Wendy's® restaurants across Pennsylvania, Ohio, and West Virginia from Primary Aim, LLC. This acquisition makes Delight Restaurant Group one of the largest franchisees within the Wendy's System.
Delight Restaurant Group is a high performing and growth-oriented restaurant franchise organization founded by Managing Partners Andrew and Richard Krumholz in 2016. With this acquisition, Delight Restaurant Group will own and operate 226 restaurants, generating $500 million in sales, and employing 7,000 people in eight states. Delight Restaurant Group plans...
Chipotle Hides More than $1 Million in Free Burritos Inside New Burrito Vault Game
Chipotle Mexican Grill today announced it is launching a new interactive game, Burrito Vault, that will give away 100,000 Buy-One-Get-One free entrée codes* redeemable exclusively on National Burrito Day, April 4.
Starting at 12pm PT today, fans can access the Burrito Vault game by visiting www.unlockburritoday.com. The brand is challenging fans to guess two exact order combinations, ingredient by ingredient, that will unlock the bank. Prizes are available for the first 50,000 fans on April 2...
State Officials Report Human Case of Bird Flu in Texas, Second Ever in U.S. History
State officials Monday reported the first human case of avian influenza A(H5N1) in Texas, marking the second-ever human case of H5N1 flu, or HPAI, in the United States and the first tied to exposure to cattle.
The individual in Texas had been in direct contact with dairy cattle thought to be infected with avian influenza. The person, who had testing performed by the Centers for Disease Control and Prevention (CDC) over the weekend, exhibited eye inflammation as their only symptom and is being treated with the antiviral drug oseltamivir. The risk to the general public remains low, said the Texas Department of State Health Services (DSHS)...
BurgerFi Gets Saucy with HEINZ REMIX Debut
BurgerFi®, owned by BurgerFi International, Inc., is taking part in the sauce revolution by being the first brand to debut the HEINZ REMIX™ Machine at its 4343 N Ocean Blvd, Lauderdale-By-The-Sea, FL 33308 location. BurgerFi Fi-natics can be the first to create their very-own condiment concoctions with fresh-cut crispy, crunchier BurgerFi French fries, hand beer-battered onion rings and more.
“As a brand, we know that guests are looking for unique dining experiences, and there is nothing more distinctive than being able to...
HPAI Detection in Idaho Dairy Herd
The Idaho State Department of Agriculture (ISDA) identified today highly pathogenic avian influenza (HPAI) in a Cassia County dairy cattle operation.
These are the first cases of HPAI in a livestock operation in Idaho. The affected facility recently imported cattle from another state that has identified cases of HPAI in cattle, which suggests the virus may be transmitted from cow-to-cow, in addition to previous reports indicating cattle were acquiring the virus from infected birds.
The primary concern with this diagnosis is on-farm production losses, as the disease has been associated with...
Trade and Exports Continue to Strengthen American Agriculture
American agriculture remains strong. Total U.S. agricultural exports reached $174.9 billion in 2023. American farmers, ranchers, and agribusiness owners continue to have success abroad as USDA’s Foreign Agricultural Service works for U.S. agriculture.
Exports are critical to the health of America’s farm sector and the nation’s economy. USDA and the Biden-Harris Administration are committed to ensuring that U.S. agriculture has full and fair access to markets and opportunities across the globe.
In the trade policy arena, USDA successfully opened a new grapefruit market in Vietnam...
ANALYSIS: Inside Skirts Defy Seaonality, Hitting Record Highs
The beef markets have become a bit stale as of late but there continues to be some outsized moves going slightly under the radar. One of which, the Certified Angus Beef® Inside Skirts, just posted new all-time highs at nearly $8.12/lb. This may have some on the buyside scratching their heads a bit given the date on the calendar. But when you consider slaughter and production levels, this does not seem surprising anymore, as it seems there is interest in getting ahead of the much-anticipated seasonal rally...
Land O’Frost Announces the Addition of Directors of Research, Development and Innovation
Land Frost, Inc., one of the nation’s best-selling brands of pre-sliced deli meats and a producer of specialty meats, is pleased to announce the appointment of two new directors to its leadership team. Julie Lubash has been named Director of Research, Development and Innovation, while Paula Ford joins as Brand Marketing Director.
“The addition of Julie Lubash and Paula Ford to our leadership team reflects Land O’Frost’s commitment to attracting top talent from across the industry. Their expertise and strategic vision will strengthen our position as...
Jack Link’s® Unveils a Sweet Collaboration with Dr Pepper® That Brings Two Classic Tastes Together
Jack Link’s® and Dr Pepper® have teamed up to bring you a one-of-a-kind flavorful experience with the release of Jack Link’s WILD Dr Pepper® inspired flavored meat stick and Jack Link’s Dr Pepper® inspired flavored beef jerky. Infused with the distinctive flavors inspired by Dr Pepper®, each bite of Jack Link’s meat snacks delivers a delightful blend of sweet and savory sensations.
“Pairing two flavor icons like Jack Link’s and Dr Pepper is sure...
ANALYSIS: Cattle Futures Plummet to Multi-Month Lows on Market Uncertainty
Live cattle and feeder futures on the Chicago Mercantile Exchange (CME) have been under significant selling pressure in recent sessions, weighed in part by bearish USDA data and market uncertainty following the detection of bird flu in dairy cattle.
The cattle complex rounded out last week in lower territory ahead of the monthly USDA cattle-on-feed report. Analysts participating in the Urner Barry survey anticipated a 6.3% year-over-year increase in February placements following a sharp decline the previous month...
Mintec's 2024 US Easter Index
Mintec’s US Easter Index measures price fluctuations across key food commodities that are typically consumed in the US during the Easter period. The US Easter Index compares the commodities’ prices in March 2024 against March 2023 to determine whether consumers will be hypothetically better or worse off this Easter. The Index is comprised of three sub-indices: the US Easter Protein Index represents a selection of meats, fish and eggs that will typically be eaten as part of a main Easter dinner; the US Easter Chocolate Index compares the main...
Biofuel and Ag Groups Call on EPA to Issue E15 Emergency Waiver
Today, Growth Energy, Renewable Fuels Association, National Corn Growers Association, American Farm Bureau Federation, National Farmers Union, and National Sorghum Producers sent a letter to the Environmental Protection Agency (EPA) calling on Administrator Michael Regan to act swiftly on an emergency waiver for E15 sales:
“New and ongoing conflicts across the globe continue to pose risks to the United States’ transportation energy supply. In addition to the conflict in Ukraine, now extending into its third year, the recent unrest and volatility in the Middle East present additional challenges...
Fire at Korean Pig Farm; Over 18,000 Animal Casualties
In the early hours of 25th March, a fire erupted at a Korean pig farm located 50 kilometers south of Seoul, run by a farming cooperative in Icheon-si. Over 16,000 piglets and 2,300 sows were killed in the event.
The fire broke out at 5:45 am with three out of six pig barns being burnt down, as reported by Korean media sources.
No human casualties were reported.
Majority of EU Countries Ask Bloc to Scale Back Deforestation Law
Some 20 members of the European Union asked Brussels to scale back and possibly suspend the bloc's anti-deforestation law on Tuesday, saying the policy would harm farmers, in the latest blowback against Europe's environmental agenda.
The EU law aims to root deforestation out of supply chains for beef, soy and other agricultural products sold in Europe, so that European consumers are not contributing to the destruction of global forests from the Amazon to Southeast Asia.
Those rules equally apply to European farmers, who will be banned from exporting...
The Retail Rundown: Easter Features Breakdown
A March Easter is approaching—an occurrence not seen since 2016. Circulars are flush with holiday and springtime themes as grocers take full advantage of the upcoming weekend.
Pork feature volume rose through the ranks and earned the top spot of protein feature volume this week with 29% of ad space. Seafood eased to 25%, down from 32% last week. Lent ends tomorrow at sundown, meaning observers can soon indulge in meat on Fridays again.
Beef has 20% of retail activity while chicken features comprise 11% of protein ad volume. Turkey features more...
Francis Scott Key Bridge: Everything You Need To Know About The Collapse And Port of Baltimore Impact
Early Tuesday morning a container ship struck the Francis Scott Key Bridge in Baltimore, damaging the structure and resulting in a partial collapse of the bridge. Cars were on the bridge at the time of the incident and “mass casualties” are feared.
The idea for the bridge came about in the late 1960s when Baltimore Harbor Tunnel, the first crossing of Baltimore’s Harbor, reached its traffic capacity. Construction on the bridge began in 1972, and it later opened to the public in March 1977...
FEATURED STORIES
ANALYSIS: Turkey Headcount Slips to Record Low
ANALYSIS: Tightening Turkey Production Trends
ANALYSIS: Dollar to Peso Currency Conversion Impact on the U.S. Pork Bone-In Ham Market