PODCAST: Agri-Food for Thought Episode 12 - Summer Food Trends Shift into Autumn

Listen now as Jamie and Simon examine seasonal shifts underway in the food and ag space as we say goodbye to Summer and hello to cooler weather, election season, and the harvest. 

Anthrax Confirmed in Wyoming Cattle for First Time Since 1970s

According to the Wyoming Livestock Board, anthrax was confirmed in multiple beef herds in Carbon County on August 31, 2024. This marks the first time the bacterial disease has been confirmed in Wyoming cattle since the 1970s.

“Multiple state agencies and private veterinarians responded quickly following the anthrax diagnosis by the Wyoming State Veterinary Laboratory. Protecting animal and human health is critical upon diagnosis of a zoonotic disease,” said Dr. Hallie Hasel, Wyoming State Veterinarian. 

“The Wyoming Livestock Board will continue working with producers and private veterinarians to reduce further...

Aramark Celebrates NFL’s International Games with Globally Inspired Cuisine at Stadiums Across U.S.

The 2024 NFL season is upon us, and Aramark Sports + Entertainment (Aramark, NYSE: ARMK) is bringing the spirit of global cuisine to its venues as the league prepares to host five international games in three countries.

Aramark’s partners at the Philadelphia Eagles and Minnesota Vikings will be part of the exciting lineup of NFL International Games, with the Eagles competing on Sept. 6 in São Paulo, Brazil, and the Vikings playing on Oct. 6 in London, England. To celebrate these historic events...

Chile Approves Agreement with U.S. to Protect Market Access for U.S. Cheese and Meat Products

On Tuesday, September 3, the National Congress of Chile approved the agreement on Chile Market Access and Prior Users for Cheese and Meats. The approval of this agreement by Chile confirms the United States’ and Chile’s mutual understanding regarding market access to Chile for a number of U.S. cheese and meat products and how Chile will treat prior users of certain terms for cheeses.

“This is a welcome development from the Republic of Chile, and I would like to thank them for their work...

ANALYSIS: Australia's Aug 2024 Beef Exports Dip from Record Highs; US-Bound Volumes at 9-Year High

Australia's August 2024 beef and veal exports scaled back from record highs to 121,797 metric tonnes (mt), the latest data from the Department of Agriculture, Fisheries, and Forestry (DAFF) revealed.

Volumes shed 6.3% (-8,201 mt) from July’s all time high of 129,998 mt. This decline was primarily driven by reduced exports to major clients such as Japan, China, and Korea, despite continued strength in exports to the tight United States (US) market.

Annually, exports surged by 19.0% (+19,446 mt), driven by increased... 

KPOT Announces Opening of 80th Location, First Location in NYC

KPOT Korean BBQ & Hot Pot, a unique, hands-on, all-you-can-eat dining experience that merges traditional Asian Hot Pot with Korean BBQ flavors, today announces the opening of its 80th location, which also happens to be its first location in New York City located at 310 W 38th St in Manhattan’s Midtown West neighborhood.

KPOT offers a diverse culinary experience with an extensive selection of premium meats, fresh seafood, and crisp vegetables for both its BBQ and Hot Pot offerings...

Blimpie Introduces New Value Meal

In keeping with the Bigger. Better. Blimpie.® (www.Blimpie.com) theme, America's Sub Shop® is thrilled to announce the launch of our latest promotional offering, the Blimpie Value Meal.

For more than 60 years, Blimpie has been offering handcrafted sub sandwiches, with generous portions of high-quality deli meats and cheeses, sliced fresh to order. The Blimpie Value Meal offers an enticing choice from some of our most popular items. All made with quality ingredients, each priced at $5.00. Starting September 5, 2024, guests can select from the following delicious sub or wrap options...

More Choices, Less Satisfaction? A Look at Findings from Recent Micro Study on Fast-Casual Chains

Data intelligence solutions provider Competitor IQ, a subsidiary of DALBAR Inc., shared insights from a micro study focused on the fast-casual foodservice landscape.

The study focused on fast-casual chains operating in Atlanta, Georgia and the big takeaway focused on the “Customization Conundrum.”

According to the firm, fast-casual chains have had an increased focus on customization options. Think of options like Chioptle or the various sandwich chains that allow customers to create meals to their specifications...

The Retail Rundown: September's Seasonal Shifts

Although there are about two weeks left to enjoy summer, many consider the season unofficially over following Labor Day. The retail landscape is starting to reflect this shift, where factors like cooler weather and football season are already influencing consumer demand. 

The frozen/convenience aisles and deli counters benefit from back-to-school needs and provide quick meals for busy households. Circana data indicates that prepared dishes/kits earned $18.1 million in total sales last week, up from $17.7 million the week prior. Over in lunchmeat, fresh packaged turkey retailed at $7.21 discounted, an 18-cent year-over-year decrease.  

Papa Johns Announces PepsiCo as its Beverage Partner in North America

Today, Papa John's International, Inc. announced its selection of PepsiCo as its exclusive beverage supplier for restaurants in North America through a 10-year contract renewal. The extension of this partnership showcases the brand's ongoing commitment to deliver exceptional value to its customers and franchise partners by offering quality products that customers expect.

The partnership will also underscore the brand's strategy by supporting Papa Johns marketing efforts through additional investment from Pepsi, while also encouraging North American development expansion through incentives to drive new store growth...

ANALYSIS: Japan's July 2024 Beef Imports Surge 27.5% Y-o-Y; Tourism Spike Supports Growth

Japan’s beef imports in July 2024 reached the second highest monthly total of the year, rising 3.8% month-on-month (m-o-m) by 1,789 metric tonnes (mt) to 49,347 mt, according to the latest data from Trade Statistics of Japan.

Earlier in February, volumes hit a five-year low at 31,012 mt, but still fell in line with typical import patterns.

On a yearly basis, imports grew a staggering 27.5% (+10,649 mt), led strongly by higher Australian volumes. In 2023...

Hickory Hollow Jerky Recalls Ready-To-Eat Jerky Products Produced Without Benefit of Inspection

Hickory Hollow Jerky, a Eufaula, Ala., establishment, is recalling approximately 6,229 pounds of ready-to-eat jerky products that were produced without the benefit of federal inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The beef jerky and bacon jerky products were produced on various dates between Jan. 19, 2024-Aug. 21, 2024. The products were produced without the benefit of inspection by two different owners of the establishment. Ownership changed hands on...

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 197 dairy operations across 14 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. Expana is closely monitoring the...

USDA Releases Updated Guideline to Strengthen Substantiation 

The U.S. Department of Agriculture (USDA) announced today the availability of an updated guideline that makes recommendations to strengthen the documentation that supports animal-raising or environment-related claims on meat or poultry product labeling. Today’s action builds on the significant work USDA has already undertaken to protect consumers from false and misleading labels and to implement President Biden’s Executive Order on Promoting Competition in the American economy.

“USDA continues to deliver on its commitment to fairness and choice for both farmers and consumers, and that means supporting transparency and high-quality standards...

ANALYSIS: July's Pork Cold Storage Figures Released

The latest installment of the July USDA Pork Cold storage report, released on August 23^rd, shows total frozen stock values continue to trend lower by 4.5% compared to this same time last year and 19.4% below the 10-year average. Effects of increased demand during the third and fourth quarters of 2023 from regions impacted by Prop 12 implementation in July to January of last year, continue to impact volumes for frozen stocks despite elevated slaughter levels throughout the summer. 

Cuts such as trimmings, bellies, butts and ribs were among the items...

ANALYSIS: Korea’s July 2024 Beef Imports Up 12.1% M-o-M: Yearly Growth Lags

Korea's beef imports reached 38,576 mt in July 2024, showing a 12.1% increase (4,154 mt) compared to the same month last year, according to the latest figures from the Korea Customs Service.

This monthly increase was driven primarily by higher imports from Australia and the United States (US) and Canada, while declines were noted from New Zealand.

On a yearly basis, imports dipped 5.0% or 2,027 mt. Korea's struggling economy has led to a decline in beef consumption, with consumers favouring more affordable options like...

Chipotle Teamsters Hold Day of Action Throughout Michigan to Demand Fair Contract

Members of Teamsters Locals 243, 247, 332, 337, 406, and 1038 picketed and leafleted outside of Chipotle restaurants in Lansing and Detroit on Monday to demand a fair contract from the fast casual behemoth. Chipotle workers at one of the chain's Lansing restaurants are represented by Local 243.

"These hardworking Teamsters aren't going to back down from a fight for fair wages, increased safety standards, a fair process for scheduling, and protection from retaliation," said Scott Quenneville, President of Local 243. "Chipotle is a multibillion-dollar enterprise...

Diverse Crop Rotations Reduce Risk of Crop Loss Under Poor Growing Conditions

Researchers at the U.S. Department of Agriculture’s Agricultural Research Service (ARS) are responding to the increasingly uncertain climate. The warmer and more unpredictable weather has been a source of instability on U.S. farms. ARS agroecologists turned to history for a solution to this challenge, which inspired them to better understand the benefits of crop rotations.

Growing a sequence of different crops in rotation has been practiced for millennia. Crop rotations can rebuild soil health, fight pests and diseases, and spread-out risk of various pests and crop disease... 

Highly Pathogenic Avian Influenza Detected in Van Buren County Dairy Herd

Today, Michigan Department of Agriculture and Rural Development (MDARD) Director Tim Boring announced the detection of highly pathogenic avian influenza (HPAI) in a dairy herd from Van Buren County, bringing the total number of affected dairy herds in Michigan to 28. Testing through the Michigan State University Veterinary Diagnostic Laboratory initially detected this case. Samples have been sent to the U.S. Department of Agriculture's (USDA) National Veterinary Services Laboratories for additional confirmatory testing.

Regardless of the species, biosecurity remains the best tool available to combat HPAI.

ANALYSIS: Labor Day Looms, Will Coarse Grinds Maintain Their Momentum?

With Labor Day in view, we figured it would be an appropriate time to highlight some of the movement seen within coarse grinds. Coarse grinds, 81% more so, have been a true outperformer this year as consumers continued to opt for more cost-conscious beef options. When looking at the chart above you can see UB’s Coarse 81% grind price is up nearly 38% on the year at $3.35/lb. and nearly 41% over the 5-year average during the same period...

ANALYSIS: New Zealand's July 2024 Beef Exports Record 19.6% M-O-M Decline; Exports to China Nosedive

New Zealand’s beef exports in July 2024 amounted to 40,046 metric tonnes (mt), falling 19.6% or 9,734 mt compared to the same period last month, data from Stats NZ indicated.

Notable decreases were seen in exports to the United States (US) and China, in line with seasonal production patterns and lower cattle numbers. Year-on-year (y-o-y), exports fell 13.8% or 6,427 mt. Higher exports to the key Japanese, Canadian and Korean markets helped to mitigate further falls... 

ANALYSIS: Rising Hog Slaughter and Market Supply

As of yesterday's close, the year-to-date total hog slaughter reached 82,805,400 head, marking a 1.2% increase compared to this same period last year, which stood at 81,790,000 head, according to the USDA’s Federally Inspected Hog Slaughter figures.

The data indicates that 2024 has seen higher weekly hog slaughter numbers, particularly at the beginning of the year due to winter weather disruptions that backlogged hogs, and from June to August, surpassing levels from the past two years as well as the three-year average...

ANALYSIS: From Cutter Cow to Beef Fresh 90s Price Differences

While price is typically a function of quantity demanded or quantity supplied, there are many factors that contribute to the numeric value one pays; input costs, consumer perception, and price of substitute goods are just a few examples of price factors. In this scenario, we will analyze the difference between an input, or the cutter cow, and the beef fresh 90’s price from packer to first receiver.

Currently, live cutter cows weighing over 500 pounds are selling at an...

ANALYSIS: EU Chicken Prices Continue to Rise in August 2024

Despite steady chicken supplies, European chicken prices have been on an upward trend, mainly driven by high prices in the Polish market.

The Expana price for Polish chicken (9A05) reached EUR 3.85/kg in the second week of August 2024, up 2.1% year-on-year and 7.1% month-on-month. Prices continue to climb as demand grows, with chicken being frozen ahead of Christmas. Additionally, recent public holidays and summer vacations in some EU countries have further supported the price increases...

Circana Research Reveals 86% of Eating Occasions Sourced from Home Over Past Year

Despite easing inflation, ongoing economic challenges drive shifts in consumers’ eating patterns both in and away from home

Circana™, a leading advisor on the complexity of consumer behavior, recently released a new report providing a complete view of food and beverage consumption trends, both at home and away from home. The 39th annual report, “Eating Patterns in America,” highlights a growing trend toward at-home dining over the past year, with 86% of eating occasions sourced from home. While retail volumes show modest growth...

FCPT Announces Acquisition of 19 Bloomin’ Brands Restaurant Properties for $66.4 Million

Four Corners Property Trust, a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, is pleased to announce the acquisition of 19 Bloomin’ Brands restaurant properties comprising of 20 total restaurants (10 Outback Steakhouse restaurants and 10 Carrabba’s Italian Grill restaurants, including one dual-tenant property with both concepts) for a purchase price of $66.4 million. The 19 properties are located across 10 states (AZ, FL, GA, KY, LA, NC, NV, PA, SC, and TN)...

Freddy's Frozen Custard & Steakburgers to Expand South Carolina Footprint with 10-Unit Development 

Fast-casual restaurant concept, Freddy's Frozen Custard & Steakburgers®, announced today the signing of a multi-unit development agreement to bring 10 new locations to Greenville and Spartanburg Counties in South Carolina. NFL offensive lineman Ben Powers, along with GVL Hospitality Group, will spearhead this expansion.

GVL Hospitality, which includes business partners Brett Rickert and Brian Stevens, has already begun the search for suitable sites in each county. The first property is expected to be purchased by the end of...

SpartanNash Welcomes Erin Storm as SVP, Chief Marketing Officer

Food solutions company SpartanNash (the "Company") today announced Erin Storm has been hired as Senior Vice President and Chief Marketing Officer. Storm will lead the marketing function, including the OwnBrands portfolio, retail marketing programs, e-commerce and digital experience, creative services, shopper insights and loyalty.

Storm joins SpartanNash following an 18-year career with Kellogg's® and its spin-off Kellanova™, where she was most recently the Vice President of Commercial Strategy. Prior to that, Storm held a variety of marketing roles with increasing leadership responsibility...

USMEF Chair Sees Potential for U.S. Red Meat in Indonesia

USMEF Chair Randy Spronk joined a team of representatives from the Indiana Soybean Alliance (ISA) to meet with prospective buyers and study market opportunities for U.S. soybeans and red meat in Indonesia. USMEF member ISA, which has developed strong trade relationships providing soy protein in Indonesia, coordinated with USMEF staff on the day-long event.

USMEF ASEAN Director Sabrina Yin and Indonesia Representative Arrofi Satrio Alam set up a meet-and-greet for the ISA group with Indonesian meat importers and presented a...

Canadian Agricultural Supply Chain Fears Amid Rail Labor Dispute

Crucial agricultural supply chains are under threat across North America after a rail labor dispute in Canada led to a shutdown of freight traffic on the country's two largest railways. Agriculture industry executives are fearing a succession of devastating economic blows and are already estimating their losses.

Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) locked out nearly 9,300 workers after midnight local time on Thursday 22 August, after multiple rounds of talks ultimately failed to clinch a late deal with the Teamsters union...

FMI Research: Shoppers Feel in Control of Their Grocery Spending

Consumers are adapting their shopping strategies to include more flexibility as they attempt to control their grocery spending heading into the fall, according to the latest survey conducted by FMI – The Food Industry Association and The Hartman Group. The report, U.S. Grocery Shopper Trends 2024: Return to Routine, provides a crucial snapshot of how shoppers are finding value and evolving their grocery shopping habits in the current economic environment.

While shoppers report continued concerns regarding inflationary pressures on food and other consumer categories...

North American Cattle Industry Leaders Meet to Discuss Common Challenges Facing Producers 

The Canadian Cattle Association (CCA) hosted the 3rd 2024 triannual, trilateral meeting with its North American counterparts, the National Cattlemen’s Beef Association (NCBA) and Confederación Nacional de Organizaciones Ganaderas (CNOG) on the sidelines of the Canadian Beef Industry Conference this week. The trilateral meeting gives an opportunity for leadership to discuss the challenges and opportunities facing beef producers across Canada, the United States and Mexico. Topics at this year’s trilateral focused on trade policy, the upcoming review of the Canada-United...

Kroger Files Motion to Enjoin the FTC's Administrative Merger Challenge

The Kroger Co. today filed a motion for preliminary injunction in the U.S. District Court, Southern District of Ohio, against the Federal Trade Commission's (FTC) administrative proceeding challenging the company's merger with Albertson's Companies, Inc. The company argues that by proceeding in its administrative tribunal, in addition to the separate action in federal court, the FTC is violating Constitutional protections.

The motion details how the FTC's administrative proceeding against the merger clearly violates the Constitution in two areas:

• First, the FTC violates Article II of the Constitution because...

Circana Reports on the Future of Dinner: Quick Meals and Invested Occasions Define Consumer Habits

Circana™, a leading advisor on the complexity of consumer behavior, today released insights from its Future of Dinner report, revealing that U.S. consumers source 81% of their dinners at home and most often enjoy dinner with others. While Gen X prefers dinners that require minimal preparation and few ingredients, Gen Z consumers increasingly invest in special occasion dinners as they hone their kitchen skills, while also seeking no-prep dinner solutions. In fact, half of all dinners are ready in 15 minutes or less...

ANALYSIS: China's July 2024 Beef Imports Rebound; Ebbing Economy Slashes Yearly Growth by 27%

China’s July beef imports rebounded 3.2% month-on-month (m-o-m) from June’s 13-month low at 215,322 metric tonnes (mt), according to the data released by the General Administration of Customs People's Republic of China.  

This growth was led largely by higher imports from its key suppliers such as Brazil, Australia, the United States (US) and Uruguay. Earlier in June 2024, volumes plunged to a 13-month low, falling to 208,718 mt. 

The higher July beef import figures were in line with the... 

The Retail Rundown: Leaping Towards Labor Day

Labor Day weekend, often viewed as the unofficial end of summer, is just two weeks out. Many families are seizing the opportunity for one last vacation, boosting foodservice spending.

For some students, summer break has already concluded, and back-to-school shopping for essentials like breakfast and lunch items is in full swing. Among retailers, Labor Day is recognized as the final major grilling event of the year, marking the last big push to promote barbecue favorites.

Last week, boneless skinless chicken breasts were featured at $4.43 discounted, 18 cents above...

Hormel Foods Announces Retirement of Deanna Brady, Executive Vice President, Retail, after 28 Years 

Hormel Foods Corporation, a Fortune 500 global branded food company, today announces the retirement of Deanna Brady, executive vice president, Retail, at the end of the fiscal year on Oct. 27, 2024. During nearly three decades of distinguished service to Hormel Foods, she successfully led teams across both the foodservice and retail lines of business and served as a key architect of the company's results-driven, high-performing culture.

The company also announces the return of John Ghingo, who will join Hormel...

FSIS to Start H5N1 Beef Monitoring Sampling

On September 16, 2024, the FSIS will be adding H5N1 influenza A monitoring in dairy cows at slaughter to its already robust national surveillance programs for pathogens and chemical contaminants.

FSIS will leverage its existing National Residue Program (NRP) and conduct H5N1 sampling in the muscle samples of dairy cow carcasses already collected for this program. Samples will be tested by FSIS laboratory personnel using polymerase chain reaction (PCR) testing. Carcasses sampled under the NRP are held by establishments pending results of residue testing...

ADM and Farmers Business Network(R) Launch Gradable Joint Venture 

ADM and Farmers Business Network(R) Launch Gradable Joint Venture to Accelerate Adoption of Regenerative and Sustainable Ag Practices

Expansion of the technology platform will support farmers and buyers in meeting rising demand for sustainable farm products

Farmers Business Network and ADM today announced that they have launched a joint venture, Gradable, creating a new company to expand the Gradable technology platform and enable more farmers and buyers to confidently pursue and derive value from grain produced using sustainable and regenerative practices.

First introduced in 2020, the Gradable platform tracks...

Low Production Costs Boost Brazil Meat Exports - SIAVS

Strong international demand for Brazilian meat has been driven by low production costs and most recently, by the Real’s 10% devaluation, according to traders at SIAVS, Brazil’s largest animal protein event. In 2022, Brazil had the lowest production costs of pork in the world at an average of US $1.20/kg for live pig, according to InterPIG.

Brazilian agricultural productivity grew by over 2% from 1971 to 2015, surpassing the global average of 1-2%. This growth is attributed to reforms in funding and pricing policies, subsidy cuts, and rural...

Senior Vice President and Chief People Officer, McDonald's USA

Today, McDonald’s Chairman and CEO Chris Kempczinski announced that Tiffanie Boyd, who currently serves as Senior Vice President, Chief People Officer for McDonald’s USA, has been promoted to Executive Vice President & Global Chief People Officer, effective August 19, 2024.

In this role, Tiffanie will oversee the company’s human resources operations around the world, including Talent Management, Talent Acquisition, Total Rewards, Learning & Development, DEI, Culture and Organization Effectiveness.

"Tiffanie is an exceptional HR leader who understands that great people are the bedrock of the McDonald's business...

FSIS Issues Public Health Alert For Ineligible Meat and Poultry Products Illegally Imported

The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for various meat and poultry products that were illegally imported from the Republic of the Union of Myanmar. Myanmar is a country ineligible to export meat and poultry products to the United States. FSIS is continuing to investigate how these products entered the country.

The products and labels in the attached list are subject to the public health alert, regardless of the product date. View labels [here]...

July Retail Sales Reveal a Summer Vacation From Discretionary Spending, Reports Circana

Total U.S. retail sales across the combined view of discretionary general merchandise and consumer packaged goods (CPG) continued on the path toward a state of equilibrium in July. During the four weeks ending August 3, 2024, overall sales revenue remained level with the same four weeks last year, and unit demand declined 1%. While both food and beverage and non-edible CPG sales revenue increased 1%, with generally flat year-over-year unit performance, discretionary sales remained challenged, with a 3% decline in dollars and a 2%...

Bob Evans Farmhouse Kitchen Introduces Flavorful Fall Menu and “Dinner for 2” Deal

Today, Bob Evans Farmhouse Kitchen™ has announced the launch of new seasonal fall offerings with warm and inviting flavors. Embracing the essence of fall with ingredients sourced from family farms, Bob Evans invites guests to savor the taste of the season. The new menu offerings, ranging from Bob Evans Famous Sausage Chili to Hot Caramel Apple Cider and more, include farm fresh produce, tried-and-true recipes, and a touch of farmhouse tradition.

Additionally, launching system-wide, guests at Bob Evans can take...

Growth Expected for Brazil's Poultry and Swine Exports in H2 2024 - SIAVS

Eduardo Giannetti, a Brazilian economist, opened Brazil’s largest animal protein event, SIAVS, which took place last week from 6 to 8 August in Sao Paulo. In his address, Giannetti stated that Brazil’s economic outlook for 2024 has been revised upwards, with growth now forecast between 2-3%, an increase from the initial estimate of 1.5%. This revision is largely attributed to the strong recovery in Rio Grande do Sul, which has exceeded expectations despite challenges including its worst recorded flood and a...

ANALYSIS: Lean Beef Supply on the Cusp of the Fresh 90 Price Bubble

Fresh 90s have been a major topic of discussion this year as prices continue to outpace those of previous years. This increase is significantly influenced by the constrained supply due to lower cow slaughter counts. Throughout 2024, domestic U.S. slaughter numbers for cows and bulls have been on a downward trend as depicted in Figure 1. Comparing the year-to-date for 2024 with the first six months of 2023 reveals a notable decline of 14.3% in the number of heads slaughtered, with approximately 3,094...

ANALYSIS: Brazil Sets New Record High for Beef Exports in July 2024 

The Brazilian beef exports has achieved a new monthly record high in July after totaling 237,268 MT of fresh beef (frozen and chilled) shipped globally, according to the latest preliminary data from the Brazilian Foreign Trade Secretariat. This figure marks a notable 47.56% increase compared to the same period last year’s 160,795 MT and surpasses the previous record of 211,976 MT reached in May 2024 by 11.93%.

China remains the top destination for the Brazilian beef, with a significant increase in import volume last month... 

ANALYSIS: Exchange Rate Dynamics in Mexico’s Beef Industry

The exchange rate has been one of the main topics of conversation throughout 2024 in Mexico's beef industry, due to its significant impact on imports and exports. In both directions, it serves as an incentive to achieve higher returns from the purchase or sale of materials. 

Over the past 10 years, this influence has been particularly evident; as the peso strengthens against the dollar, exports tend to decrease, and vice versa. However, 2024 has presented a significant challenge. The volatility of the exchange rate, driven by both international and local factors...

The Retail Rundown: Multiple Factors Fuel Promotions; CPI Update

As we reach mid-August, grocery stores are transitioning their end caps from summer displays to game-day essentials, gearing up for the NFL regular season. At the same time, circulars are packed with barbecue items for the upcoming Labor Day weekend along with back-to-school essentials as some regions are already welcoming students back to class.

This week, seafood continues to dominate, representing about 28% of total protein volume in retail buying opportunities. Pork follows with a 23.4% share, while beef captures...

Vertical Cold Storage Completes Purchase of Dothan Facility

Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, finalized the acquisition of the frozen distribution center from Dothan Warehouse Investors in Dothan, Alabama. Terms were not disclosed.

“We are excited to add Dothan to our growing network of temperature-controlled distribution centers and are looking forward to partnering with them as we focus on integrating the business and serving our customers. Dothan is the third operation we’ve added to our network...

G. Willi-Food International Reports the Results of Second Quarter 2024

G. Willi-Food International Ltd. (the "Company" or "Willi-Food"), a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the second quarter ended June 30, 2024.

Second Quarter Fiscal Year 2024

• Sales increased by 13.5% to NIS 146.7 million (US$ 39.0 million) from NIS 129.2 million (US$ 34.4 million) in the second quarter of 2023.
• Gross profit increased by 76.2% year-over-year to NIS 45.9 million (US$ 12.2 million)...

Chipotle Announces CEO Departure

Chipotle Mexican Grill, Inc. today announced that Brian Niccol, Chairman and Chief Executive Officer, has accepted the role as Chairman and Chief Executive Officer of Starbucks and will be leaving the Company effective August 31, 2024. Niccol has served as Chipotle's CEO since 2018 and as Chairman of the Board since 2020.

Chipotle's Board of Directors has appointed Scott Boatwright, Chief Operating Officer, as Interim CEO. Boatwright joined Chipotle in 2017 and has been instrumental in driving restaurant operations for the company's more than 120,000 employees and over 3,500 restaurants. He also led the integration...

ANALYSIS: July 2024 Brings 4.8% Rebound in China’s Meat Imports After Extended Decline

China’s July 2024 meat imports, including variety meats saw a 4.8% monthly increase, reaching 539,913 mt, according to preliminary customs statistics from the General Administration of Customs of the People's Republic of China. This marked the first rise after three consecutive months of declines. 

Earlier in June 2024, volumes slipped to a 12-month low, with volumes recorded at 514,957 mt. 

The yearly figures underscored China’s ongoing challenges in the meat sector. Imports continued to plummet, shedding 20.5% year...

Butterworks Farm Welcomes New Owners, Expands Organic Grass-Fed Yogurt Reach

Butterworks Farm, a beloved gem in Vermont’s Northeast Kingdom, proudly announces its acquisition by Anthony Calderaro, Ania Kuniej, and Joseph Calderaro. This exciting transition marks a new chapter for the farm, a pioneer in grass-fed organic dairy farming since its founding by Jack and Anne Lazor in 1976.

Renowned for its 100% grass-fed organic dairy products made from the buttery, protein-rich, creamy milk of its Jersey cows, Butterworks Farm has earned a loyal customer base through its commitment to both quality products and sustainable farming practices...

Conagra Brands Acquires FATTY Smoked Meat Sticks

Today Conagra Brands, Inc. announced that it has acquired Sweetwood Smoke & Co., maker of FATTY Smoked Meat Sticks. Financial terms were not disclosed.

FATTY Smoked Meat Sticks are protein-packed, better-for-you snacks for people on the go, made with high-quality pork and beef smoked with real hickory wood.

"The acquisition of FATTY Smoked Meat Sticks is another step in reshaping our portfolio for faster growth," said Sean Connolly, president and chief executive officer of Conagra Brands. "Adding a premium brand such as FATTY to our growing, better-for-you...

Cattle Industry Leaders Disgusted With Targeted Persecution of Family Ranchers

Today, leaders of the National Cattlemen’s Beef Association (NCBA) and Public Lands Council (PLC) issued statements in response to news of the indictment of Charles and Heather Maude, multi-generational family ranchers in western South Dakota, by U.S. Forest Service law enforcement officers and the U.S. Attorney’s Office for the District of South Dakota:

“I am deeply disgusted by the Forest Service’s persecution of family ranchers Charles and Heather Maude,” said NCBA President and rancher Mark Eisele. “The Maude family has been ranching in South Dakota for five generations and...

Lindsay Goldberg to Acquire a Controlling Interest in Golden State Foods

Golden State Foods, one of the largest diversified suppliers to the foodservice and retail industries, today announced that Lindsay Goldberg, a family and founder-focused private equity firm, has entered into an agreement to acquire a controlling interest in the Company alongside the Wetterau family, who will maintain a significant ownership interest. The acquisition recognizes GSF’s outstanding 75-plus year track record of successful value creation and builds on GSF’s strong momentum. The investment by Lindsay Goldberg will provide the Company with additional resources and capabilities to advance its...

Circana Appoints Holly Knightly as Chief Financial Officer

Circana™, the leading advisor on the complexity of consumer behavior, today announced that Holly Knightly, currently executive vice president of Global Finance, Performance, and Transformation at Circana, has been promoted to chief financial officer (CFO), effective Aug. 12, 2024. Already a member of Circana’s Executive Leadership Team, Knightly will lead the global finance and strategy organization including planning, strategy, accounting, treasury, tax, reporting, and investor relations.

Knightly succeeds Anne Bramman, who will transition over the next few weeks following a successful tenure helping to bring together the strategy, growth...

Beef Export Value Climbs in June; Pork Trends Lower in June but Posts Strong First Half

June exports of U.S. beef reached the highest value in nearly two years, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). While June pork exports were lower year-over-year, shipments through the first half of the year remained ahead of the record value pace of 2023.

Beef exports totaled 110,155 metric tons (mt) in June, down 4% from a year ago but the second largest of 2024. Export value reached...

Tropical Storm Debby Moves Up the East Coast, Causing Disruptions to Hog Slaughter

Tropical Storm Debby is moving along the East Coast, bringing heavy rain to North Carolina, South Carolina, and other states through the end of the week. North Carolina and Virginia are facing a significant risk of flooding today, with the National Weather Service forecasting up to 10 inches of rain in some areas.

Meanwhile, extreme heat continues to affect the Southern Plains, where many of the nation's cattle-producing regions are located.

One pork processing plant is reportedly down today due to flooding, which has reduced today’s hog slaughter...

ANALYSIS: Australia's July 2024 Beef Exports Skyrocket to All-Time Highs

Australia's beef and veal exports skyrocketed to an all-time high of 129,998 metric tonnes (mt) in July 2024, according to the latest data from the Department of Agriculture, Fisheries, and Forestry (DAFF).

Despite the July figures sitting just 2 mt shy to cross the 130,000 mt mark, they surpassed the last record highs of 123,464 mt that the industry witnessed in May 2015 during the drought season. The key driver factor was the undersupplied United States (US) market, whose herd contraction woes sent buyers seeking out Australia’s...

ANALYSIS: All Time High Prices for Veal Carcasses 

Since data collection began in 1994, prices for the UB Hide-off Veal Carcasses in the Northeast have reached record highs, with the current quotation at $480-500/cwt this week. Higher calf costs, driven by increased bidding for calves entering the feed cycle, have impacted carcass prices. Strong demand for boneless beef products, combined with reduced cow supplies, has led to significant increases in veal prices, contributing to their all-time high price points that have been steadily climbing since 2020...

ANALYSIS: Beef Rib Market Navigates Choppy Waters as Buyers Exercise Caution

With the summer rapidly ending and back-to-school season here, exports for bone-in ribs have seemingly made their way back into the conversations. The last few years have seen this item move up, down, sideways, and everywhere in-between, but with prices at seasonal lows, it is not surprising buyers are poking around a bit earlier than usual. But it seems this time around, caution is extremely heeded. As mentioned, price action on this item has left both buyers and sellers scratching their heads depending on the...

New Partnership Launched to Broaden Availability of U.S. Pork in Chile

Industry efforts to grow the presence of U.S. pork in Chile took a step forward this summer with the launch of a partnership between U.S. pork producer Wholestone Prestage and U.S. supplier Andes Global. USMEF hosted a launch event in Santiago to announce the partnership and introduce new U.S. pork cuts to retailers and distributor clients of Andes Global.

In preparation for the launch, USMEF worked with Andes Global to identify U.S. pork cuts with demand potential in Chile. Seven cuts were selected and then shipped to... 

Weis Markets Reports Second Quarter 2024 Results

Weis Markets, Inc. today reported its financial results for the 13-week second quarter and 26-week year-to-date period ended June 29, 2024.

"Our second quarter 2024 results, which were negatively impacted by the Easter holiday shift, are in line with our expectations despite an extremely challenging market environment marked by continuing customer caution," said Weis Markets, Inc. Chairman, President, and CEO Jonathan H. Weis. "During the quarter, we increased our price investments by lowering the prices on 600 high-demand dairy items as...

ANALYSIS: Tenderloins Become Summer's Biggest Underperformer in Beef Market

As we explored earlier this summer, the summer grilling season was not kind to the tenderloin. Little has changed on that front with July now behind us and the “dog days of summer” here with the overall swoon in beef demand. At present, tenderloins sit at $11.80/lb., roughly 12.6% below this time last year. Prices are a touch higher than the five-year average, by just 2.9%. The underperformance for the tenderloin when compared to last year has been the story throughout 2024. And taking just a...

The Retail Rundown: Unsettled Start to August

August began with a sharp decline in the global market, triggered by weak U.S. economic data and disappointing labor market figures. Traders are also assessing corporate earnings and the Federal Reserve's stance on interest rates amid concerns of a U.S. economic slowdown.

Taco John’s Adds $7 Meal Steal to Value Lineup

Taco John’s® is launching a new $7 Meal Steal following fanfare of its recent $5 Meal Steal app offer, which is also being extended through summer. Available starting August 1, this new in-app menu option features a hearty lineup of guest favorites. Available for a limited time through Mobile Ordering only, at participating locations, the $7 Meal Steal includes:

• Two Crispy Tacos: Fresh-fried crunchy taco shells filled with 100% North American beef, Taco John’s signature mild sauce, lettuce, and cheese...

Cargill Wins 2024 Sustainability Awards for Leadership in Industry and Initiative of the Year

Cargill has been recognized for its leadership in sustainably through the 2024 BIG Sustainability Awards. Business Intelligence Group (BIG) named Cargill the recipient of both the Sustainability Leadership Award and Sustainability Initiative of the Year Award. These awards recognize organizations worldwide that have made sustainability a core part of their business strategy and practices and are having a positive impact on the sustainability of their organization and their industry.

Cargill is uniquely positioned to lead the transformation of the food and agriculture system to help...

ARS Scientists Discover Strategically Applied Livestock Grazing Can Benefit Sagebrush Communities

While a cow grazing in a field isn’t typically remarkable, United States Department of Agriculture scientists have identified potential ecological benefits of strategically applied livestock grazing in sagebrush communities across U.S. western rangelands.

As recently published in the scientific journal Ecosphere, the collaborative research effort among Agricultural Research Service (ARS) rangeland scientists at Burns, Oregon, and Fort Collins, Colorado, challenged the outdated dogma that livestock grazing in the sagebrush steppe always negatively impacts these ecosystems and, in fact, can convey desirable outcomes, particularly in regard to limiting both wildfire...

ANALYSIS: Navigating the Complex Interplay of Factors Impacting Pork Belly Prices

The pork belly market is exhibiting a complex interplay of factors that are impacting prices. While light skinless pork belly prices were initially above year-over-year levels from January to mid-July, they have since reversed course, with 11-13 derind bellies currently sitting 47% below year-over-year levels. This coincides with peak bacon demand season, typically characterized by elevated bacon processing and active food service demand and as a result, historically higher values.

This year, however, slaughter levels have been elevated for most...

Papa Johns Appoints Restaurant Industry Veteran Todd Penegor as President and CEO

Papa John’s International, Inc. today announced that its Board of Directors has appointed Todd Penegor as President and Chief Executive Officer, effective immediately. Mr. Penegor has also joined the Company’s Board of Directors. He succeeds Ravi Thanawala, who has served as Interim CEO since March 2024 and will continue in his role as Chief Financial Officer.

Mr. Penegor, most recently President and Chief Executive Officer of The Wendy’s Company, is a proven leader with 20 years of experience in the restaurant and consumer goods industries...

Economy Still Growing, But Could be Slowing Enough for Fed to Lower Interest Rates This Year

Key elements of the economy are still growing but appear to have slowed enough to be on track for the Federal Reserve to lower interest rates later this year, National Retail Federation Chief Economist Jack Kleinhenz said today.

“The consumer environment has kept the expansion on a positive path toward a ‘soft landing’ despite high interest rates,” Kleinhenz said. “Meanwhile, inflation has not yet been fully tamed, but we are seeing progress.”

Kleinhenz’s comments came in the August issue of NRF’s Monthly...

Brazil's BRF Temporarily Suspends Plant Operations after Fire

Brazilian food processor BRF temporarily suspended activities at its Carambei plant after a fire broke out in the early hours of Thursday, the company said in a securities filing.

The fire has been fully contained and no victims were reported, according to BRF. The company said it is still assessing the economic impact of the event and added that its insurance covers fires.

Publix Reports Second Quarter 2024 Results and Stock Price

Publix’s sales for the three months ended June 29, 2024 were $14.5 billion, a 3.1% increase from $14.1 billion in 2023. The company estimates sales were negatively impacted by 1.1% due to the effect of the Easter holiday being in the first quarter in 2024. In 2023, the effect of the Easter holiday was in the second quarter. Comparable store sales for the three months ended June 29, 2024 increased 1.1%.

Net earnings for the three months ended June 29, 2024 were $972... 

USDA, USTR Name New Agricultural Trade Advisors

Agriculture Secretary Tom Vilsack and U.S. Trade Representative Katherine Tai today announced the appointment or reappointment of 55 members to serve on seven agricultural trade advisory committees.

The advisory committee system was created by Congress to ensure that U.S. agricultural stakeholders have input and insight into U.S. trade policy and negotiating objectives. The Agricultural Policy Advisory Committee is comprised of senior representatives from across the U.S. agricultural community who advise the U.S. Department of Agriculture and the Office of the U.S. Trade Representative on overall trade policy matters, while members of the six...

Makers of the HORMEL® BLACK LABEL® Brand Showcase Non-Breakfast Potential of Bacon

The makers of the HORMEL® BLACK LABEL® brand offer the widest selection of flavored bacon in the industry, and today, they are proud to announce the latest addition to their portfolio of tasty options. For a limited time, consumers are invited to indulge their bacon cravings with the all-new HORMEL® BLACK LABEL® Garlic Rosemary flavored bacon, available at retailers nationwide while supplies last.

"The HORMEL® BLACK LABEL® brand is boldly pushing the boundaries of bacon...

Blue Yonder Acquires One Network Enterprises to Unlock an Agile, Interconnected Supply Chain 

Blue Yonder, the leader in digital supply chain transformations, today announced the closing of its acquisition of One Network Enterprises (One Network) at an enterprise value of approximately $839 million. The acquisition gives Blue Yonder customers the ability to collaborate and share data – from inventory levels to raw and finished goods materials movement – in real time across all trading partners up and down the supply chain.

With increasing volatility and continuous disruptions, retailers, manufacturers and logistics service providers (LSPs) need to achieve multi-enterprise... 

ANALYSIS: New Zealand's Beef Exports in 1H 2024, Balancing China's Decline and US’s Growth

In 1H 2024, New Zealand’s beef exports totalled 287,509 metric tonnes (mt), posting a modest 1.5% gain or 4,182 mt compared to the same period last year, data from Stats NZ indicated. 

Most of this growth were led largely by increased allocations to the United States (US), Canada and Japan, while sharp declines were noted to the Chinese market. The undersupplied US market has been a solid destination for New Zealand’s beef as China demand’s falters, taking up the lion’s share of the country’s exporting capacity. 

Yum! Brands to Expand Voice AI Technology to Hundreds of Taco Bell U.S. Drive-Thru Locations in 2024

Yum! Brands, Inc. announced today the expansion of Voice AI technology across Taco Bell drive-thru locations in the U.S., targeting hundreds of stores by the end of 2024. The Company aspires to implement Voice AI technology in drive-thrus at its brands globally in the future.

The rollout of Voice AI technology in Taco Bell, currently in more than 100 Taco Bell U.S. drive-thrus across 13 states, is designed to enhance... 

Smithfield Foods Completes Purchase of Dry Sausage Facility from Cargill

Smithfield Foods has completed its purchase of a premier dry sausage production facility in Nashville, Tennessee, from Cargill. Terms of the agreement were not disclosed.

The transaction fuels Smithfield’s strategy of continued growth in the value-added packaged meats segment, adding dry sausage production capacity of 50 million pounds per year. Production from the Nashville facility will support Smithfield’s existing portfolio of dry sausage brands including Margherita, Carando and Armour.

“With the added capacity from this facility, Smithfield is poised to continue to expand our packaged meats business in the... 

U.S. Pork Producers’ Biosecurity Practices Virtually Eliminate Trichinella, Proving Safety of Pork

At the urging of the National Pork Producers Council (NPPC), a newly published U.S. Department of Agriculture (USDA) study found zero Trichinella positives in more than 3.2 million pork samples, demonstrating to domestic and global consumers the safety of U.S. pork.

“USDA scientists have confirmed that U.S. pork producers’ rigorous biosecurity efforts to keep pigs healthy are working,” said NPPC President Lori Stevermer, a pork producer from Easton, Minn. “Because of decades of pork industry research and hard work on the farm, consumers can continue to be confident... 

Boar's Head Provisions Co. Expands Recall for Ready-To-Eat Meat and Poultry Products 

Boar's Head Provisions Co., Inc., a Jarratt, Va., establishment, is expanding itsJuly 26,2024, recall of deli meat products that may be adulterated with Listeria monocytogenes, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The establishment is recalling approximately 7 million additional pounds of ready-to-eat meat and poultry products. Whole genome sequencing results show that a liverwurst sample collected by the Maryland Department of Health tested positive for the outbreak strain of Listeria monocytogenes...

The Retail Rundown: Summer and Back-to-School Fuel Deli Demand

As August approaches, consumers are eager to savor the last weeks of the summer season. With Labor Day weekend—the unofficial end of summer—just five weeks away, some retailers have already begun stocking up for the holiday.

In the meantime, back-to-school items, including snacks and sandwich ingredients, are beginning to appear in circulars. The deli counter is currently benefiting from summer activities as day-trippers make meals for picnics and various outings.

Last week, the lunchmeat sector generated nearly $26.8 million in total sales, up...

Coleman All Natural Meats Introduces New Ground Sausage with Five Exciting Flavors

Coleman All Natural Meats, the leading legacy all-natural meat brand since 1875, today announced the launch of its new ground pork sausage in five flavors that meet trending taste buds – mild sweet Italian, hot Italian, chorizo, mild breakfast and hot breakfast. These ground sausage varieties give consumers versatile options for breakfast, lunch and dinner. According to the Power of Meat 2024 report, ground pork sales were 2.6 billion pounds in 2023 with sales at $8.0 billion while breakfast sausage sales were 481 million and $2.3...

USDA Extends Comment Period for Sweeping Packers and Stockyards Rule by Only 15 Days

Today, National Cattlemen’s Beef Association Senior Director of Government Affairs Tanner Beymer released the following statement on the U.S. Department of Agriculture extending the 60-day comment period for their latest Packers and Stockyards proposed rule, "Fair and Competitive Livestock and Poultry Markets," by only 15 days:

"Cattle markets are immensely complicated and USDA is planning to make sweeping changes to those markets with only 75 days of public input. While today's extension is welcome, it is not nearly enough time to properly...

White Castle Fights Inflation by Rolling Back the Clock & the Prices for a Sack of 10 Cheese Sliders

Everyone is looking for value this summer, and White Castle is delivering! On July 26, the popular fast-food burger chain began offering a sack of 10 Cheese Sliders for just $7.99 — more than 30% off the regular price ($8.99 in New York and New Jersey). That's just less than 80¢ for each Cheese Slider — a price not seen since 2011, and a price that's less than what most fast-food chains are charging for an individual combo meal...

HelloFresh Unveils New Family-Friendly Menu for Back-to-School Season

As families gear up for the busy back-to-school season, HelloFresh, the world's leading meal kit company, is introducing HelloFresh Family, a comprehensive new family menu with recipes and market items designed to make mealtime more delicious and convenient. Whether choosing from meals that can be prepped in under 20 minutes for a busy school night, or a “Build-a-Plate” recipe that allows each family member to customize their perfect dinner plate, the new menu is tailored to satisfy the whole family...

ANALYSIS: Korea’s 1H Beef Imports Dip 3.6% YOY Amid Weak Demand, Market Shake Up Looms Over FTA

Korea imported 248,113 mt of beef in the first half of the year, marking a 3.6% (9,182 mt) decline compared to the same period last year, the latest Korea Customs Service data showed.

The country sourced most of its beef from Australia (46.3% market share), the United States (US) (46.3% market share), with New Zealand (3.9% market share) and Canada (3.0% market share) making up the rest.

In January to June 2024, imports from Australia surged 13.9% year-on...

Study Confirms Mammal-to-Mammal H5N1 Spread

A new Cornell University study provides evidence that a spillover of avian influenza from birds to dairy cattle across several U.S. states has now led to mammal-to-mammal transmission – between cows and from cows to cats and a raccoon.

A new Cornell University study provides evidence that a spillover of avian influenza from birds to dairy cattle across several U.S. states has now led to mammal-to-mammal transmission – between cows and from cows to cats and a raccoon.

“This is one of the first times that we are seeing evidence...

Casey's Announces Agreement to Acquire 198 CEFCO Convenience Stores

Casey’s General Stores, Inc. , one of the leading convenience store chains in the United States, today announced an agreement to acquire Fikes Wholesale, Inc., owner of CEFCO Convenience Stores (“CEFCO”), in an all-cash transaction for $1.145 billion. The purchase price includes tax benefits valued at approximately $165 million for a net after-tax purchase price of $980 million.

Fikes Wholesale, Inc. and CEFCO Convenience Stores began as a single “filling station” in Cameron, Texas in 1952 and has grown to be a respected operator...

Boar's Head Provisions Co. Recalls RTE Liverwurst And Other Deli Meat Products 

Boar's Head Provisions Co., Inc., a Jarratt, Va., establishment, is recalling all liverwurst product produced by the establishment that is currently available in commerce because it may be adulterated with Listeria monocytogenes, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The company is also recalling additional deli meat products that were produced on the same line and on the same day as the liverwurst and, therefore, may be adulterated with L. monocytogenes. The company is recalling approximately 207,528 pounds of products...

ANALYSIS: Record Price Gap Between Pork 72 Trimmings and Boneless Beef 90s in July

The monthly price spread between UB pork 72 lean trimmings and UB boneless beef 90s in July has increased to $2.92/lb, the largest spread ever recorded since data collection began in 1985. Pork trim can sometimes substitute for beef trim in hot dog production, offering a cost-effective option when domestic boneless beef prices are high in least-cost formulations.

Before the 4th of July, pork trim supplies were readily available, but prices have remained full steady post-holiday 

PODCAST: Agri-Food for Thought Episode 11 - Tech and Weather Events Threaten Supply Chains

Technological and severe weather events have the potential to impact supply chains around the globe. Join Jamie and Simon as they cover the latest developments in the food and agriculture space. Featuring special guest, Heather McGuire Doyle...

Del Taco Continues its Southeast Surge, With Record-Breaking First-Week Sales for New Market Openings

Del Taco, the nation’s second largest Mexican quick-service restaurant by number of units, today announced continued new market sales momentum with three consecutive new store openings in Port Orange, FL, Tallahassee, FL, and Chesapeake, VA with each one setting the new company record for first week sales.

“We are incredibly proud of the success of our recent store openings, each shattering previous sales benchmarks,” said Tom Rose, Del Taco Brand President. “This is a testament to the dedication of our team and the...

Department of Defense Backs Off Feeding Lab-Grown Protein

Today, the National Cattlemen’s Beef Association (NCBA) confirmed that efforts to prevent ultra-processed, lab-grown protein from showing up in the diet of the American armed forces were successful, following news that the U.S. Department of Defense (DoD) is not pursuing lab-grown protein projects for human consumption.

“NCBA was the first and only cattle group to uncover this stream of DoD funding that could go toward lab-grown protein projects, and we were the first and only group to fight back,” said NCBA President and...

ANALYSIS: Boneless Ribeye Prices, A Mid-Year Report Card

With the dog days of summer here, let’s check in on how boneless ribeyes faired through the first half of the year. When looking at last year’s trends, boneless ribeyes just about feel in-line with the overall trend but failed to match last year's price points by quite a considerable margin. For example, Urner Barry’s Choice LTL boneless ribeye quote traded around $9.40/lb. through the month of April this year compared to $10.50/lb. last year, about a 10% decrease year-over-year...

ANALYSIS: China’s 1H Beef Imports Grew 17% YOY; June 2024 Figures at 13-Month Low

China’s 1H beef imports gained 17% year-on-year (y-o-y) amounting to 1,438,837 metric tonnes (mt) or 1.43 million mt, the newly released General Administration of Customs People's Republic of China data indicated.

The world’s second largest economic powerhouse continued to source beef primarily from South America, with Brazil, Argentina, and Uruguay accounting for a substantial 73.4% (1.05M mt) of its supplier base. The Oceanic regions, including Australia and New Zealand, represented 15.0% (216,300 mt), while the United States contributed just 4.8%... 

Kellanova Moves to Accelerate Global Brand Growth, Expanding Partnership with Interpublic Group

Kellanova (formerly Kellogg Company and maker of Pringles®, Cheez-It®, Pop-Tarts® and more) today announced it is expanding its partnership with Interpublic Group ("IPG"). The announcement comes after an extensive evaluation of Kellanova's global agency model to accelerate brand portfolio growth and support the company on its journey to be a global snacking powerhouse. The move advances Kellanova's Differentiate, Drive and Deliver strategy and the growth ambitions the company has for its stable of iconic brands.

As a result of the process... 

U.S. Pork Industry Fuels American Jobs and Economic Growth: New Report Unveiled

The National Pork Producers Council (NPPC) released a new economic contribution report detailing the significant impact America’s pig farmers have on the United States’ agricultural and overall economy. The report highlights the pork industry’s value chain contributions and trends in production and industry structure.

“America’s pork industry is a vital pillar of our nation’s agricultural economy, contributing over $62 billion annually and supporting hundreds of thousands of jobs across the country,” said NPPC President Lori Stevermer, a pork producer from Easton, Minn. “Producers are committed to delivering...