Brazil's BRF Shares Rise Almost 14% After Strong Q1 Results
Shares in Brazilian pork and chicken processor BRF SA rose almost 14% in early afternoon trade on Wednesday after the company reported strong quarterly results on better pricing in export markets and lower grain costs.
The company said it earned a net 594 million real ($116.88 million) in the first quarter, which is seasonally weaker than the preceding one, beating the average of analysts' expectations of a 449.79 million real gain.
Analysts at BTG Pactual said in a note to clients that BRF's performance was "impressive."...
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B&G Foods Reports Financial Results for First Quarter 2024
B&G Foods, Inc. today announced financial results for the first quarter of 2024. Financial results for the first quarter of 2024 reflect the impact of the Green Giant U.S. shelf‑stable divestiture during the fourth quarter of 2023.
Summary
Guidance for Full Year Fiscal 2024
US Foods Reports First Quarter Fiscal Year 2024 Earnings
rew Net Sales 4.8% to $8.9 Billion and Gross Profit 4.9% to $1.5 Billion
Net Income of $82 Million
Grew Adjusted EBITDA 6% to $356 Million and Reaffirms Fiscal Year 2024 Guidance
Closed on IWC Food Service Acquisition in April
US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the first quarter fiscal year 2024.
First Quarter Fiscal 2024 Highlights
Pete & Gerry’s Broadens Distribution Partnership with Publix to Include Pasture-Raised Eggs
Pete & Gerry's, LLC, a pioneer in humane egg farming, today announced that Pete & Gerry's Pasture-Raised™ Eggs will now be available in all 1,400+ Publix Super Markets throughout the Southeast. Joining Pete & Gerry's Organic® and Nellie’s Free Range eggs in the egg aisle, the Pete & Gerry's Pasture-Raised is now on shelves in all Publix stores throughout Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, and Virginia.
Introduced last year to the Pete & Gerry’s portfolio, Pete & Gerry’s Pasture-Raised Eggs are laid by...
Packaged Facts Illuminates the State of the U.S. Food Market
Propriety survey shows that 53% of consumers are still very concerned about rising food prices.
In a dynamic landscape where food and beverage trends evolve faster than ever, Packaged Facts’ latest report, U.S. Food Market Outlook 2024: Opportunities & Challenges With Pricing, Convenience, Sustainability & More, provides a compass for industry players navigating uncharted waters.
The food industry faces unprecedented tests—from supply challenges and rising labor costs to changing consumer preferences and increasing need to address sustainability issues. Packaged Facts’ new report equips retailers, service providers, wholesalers, food processor...
Hormel Foods Announces Appointment of Colleen Batcheler as Senior Vice President
Hormel Foods Corporation, a Fortune 500 global branded food company, today announced that Colleen Batcheler has been appointed to the role of senior vice president, external affairs & general counsel.
In this critical role, Batcheler will oversee the organization's global Legal and External Affairs function, including corporate governance and securities, M&A, intellectual property, litigation, labor and employment, and legislative and regulatory affairs. She will report directly to Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods.
"I'm thrilled to welcome Colleen to...
ANALYSIS: Turkey Export Volume Closes Q1 on a Relatively Positive Note
The latest turkey export data marks a continuation of the year-over-year (YoY) advances in outward tonnage which have been evident over the past nine months. Coming in at 37.7 million pounds, March’s closing tally stood 15%, or 3.5 million pounds, above this time in 2023. Given the ongoing complications with HPAI-related production and export constraints, it bears noting that total export figures still remain situated at the third-lowest seasonal level realized in two decades. Export value during this timeframe notched lower by 0.5%; positioning...
Monthly Import Cargo To Reach 2 Million TEU Through Early Fall
Monthly inbound cargo volume at the nation’s major container ports should consistently be above 2 million Twenty-Foot Equivalent Units through this summer and into early fall, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“We haven’t seen numbers this high for this many months in almost two years,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Regardless of what headlines about the economy might say, consumers are shopping and retailers are making sure they...
Burger King® Celebrates 70 Years With a New Birthday Pie Dessert and a Week Full of Delicious Deals
HAPPY 70th BIRTHDAY, BK! Burger King® is inviting Guests to celebrate its milestone birthday with an all new and festive dessert – the Birthday Pie Slice. Available for a limited-time at participating restaurants nationwide starting May 13, the new Birthday Pie Slice features a creamy birthday cake flavored pie-filling in a cookie crumb crust topped with rainbow-colored sprinkles, cake bites, and whipped topping.
The party doesn’t stop there! Burger King is best known for the...
Brazilian Feed and Animal Protein Industries Face Disruptions Amid RS Worst Flood in History
Recent catastrophic rainfall across Rio Grande do Sul (RS), has caused what some are referring to as the worst floods in the history of Brazils most southern state. The city of Porto Alegre recorded alarming numbers where in just three days, 260 mm accumulated, equivalent to more than two months of precipitation.
Approximately 534,000 homes and businesses are without electricity, according to the Ministry of Mines and Energy. The National Municipalities Confederation noted financial damages surpassing R$ 559.8 million (Approximately $110 million)...
Ernst Leads Bipartisan, Bicameral Effort to Protect Poultry Exports
U.S. Senator Joni Ernst (R-Iowa) led over 50 of her colleagues in calling on the U.S. Department of Agriculture (USDA) to protect America’s agricultural competitiveness by adopting a better definition of "poultry" so Iowa farmers will not miss out on trade opportunities.
In the letter to USDA’s Animal and Plant Health Inspection Service Administrator Dr. Michael Watson, they advocated for the World Organization for Animal Health (WOAH) to adopt the definition of "poultry" unanimously approved by the United States Animal Health Association (USAHA).
The lawmakers explained the...
Private sector Leaders Announce Support for Antimicrobial Use Stewardship Principles in Poultry
Now includes over 40% of global poultry meat production
USAID-funded TRANSFORM project has united 26 organizations in antimicrobial use stewardship in an effort to combat antimicrobial resistance
Antimicrobial use in animals or humans could lead to antimicrobial resistance (AMR), which weakens our ability to prevent and treat future infections. Recognizing the responsibility to safeguard the efficacy of these essential medicines, the following organizations announce their endorsement for science-based antimicrobial use stewardship principles that promote the health of poultry to avoid the need to use antimicrobials...
The Retail Rundown: Showdown for Consumer Dollars this Mother's Day
Grocers and foodservice are preparing for a showdown with Mother's Day just a few days away.
The upcoming holiday typically favors foodservice sales over retail as consumers celebrate their loved ones by visiting a dining establishment. According to the National Restaurant Association, 34% of consumers will dine out this Sunday, particularly during lunch and dinner. An additional 12% will order takeout or delivery.
However, retailers have a few tricks up their sleeves to get shoppers through the door by promoting deals on flowers, cards, gifts, and more. Grocers...
Popeyes Launches NEW Golden BBQ Chicken Sandwich to Bring Back Lunch Fun
Today, Popeyes® unveils their NEW Golden BBQ Chicken Sandwich, as the latest innovation on its famous Chicken Sandwich lineup. This new offering is more than just a sandwich; it's a declaration that lunch should no longer be boring.
Featuring a new sweet and tangy Golden BBQ sauce, this sandwich is sure to amp up your lunch hour. The Golden BBQ Chicken Sandwich features a buttermilk-battered chicken breast made with all white meat in a sweet and tangy Golden BBQ sauce, served on a buttery-toasted...
The Wendy's Company Reports 2023 Corporate Responsibility Progress
The Wendy's Company released its 2023 Corporate Responsibility report today, highlighting continued progress against Good Done Right, the Company's corporate responsibility strategy. In the report, Wendy's® details progress the Company has made across initiatives focused on responsible sourcing, fostering equitable workplaces and communities, and reducing greenhouse gas (GHG) emissions from restaurant operations and the supply chain. In 2023, Wendy's also strengthened stakeholder collaboration – a key ingredient to advancements across its Food, People and Footprint pillars – particularly with franchisees and direct and indirect suppliers...
Pizza Hut Announces Carl Loredo President of Pizza Hut U.S.
New Appointment Supports Pizza Hut’s Ambitious Growth Agenda
Today, Pizza Hut announced that Juan Carlos “Carl” Loredo will join the company as the President of Pizza Hut U.S., reporting to Pizza Hut Division Chief Executive Officer Aaron Powell, effective June 3. In this role, Loredo will assume responsibility for driving overall performance of the brand’s U.S. business.
“Carl comes to Pizza Hut with a strong track record of positioning brands for success and delivering results in highly competitive markets. He is adept at helping brands show up in novel and...
INSIGHT: Experts Challenge Allegations of Poultry Litter in Feed Spreading HPAI in Cattle
In the weeks since the unprecedented discovery of US cattle testing positive for highly pathogenic avian influenza (HPAI), some mainstream media outlets have attempted to connect this to the use of poultry litter in cattle feed.
However, those familiar with the science and with the workings of the US livestock and poultry industry find the idea rests on shaky grounds.
Experts believe cattle infected by wild birds
In a document published on 26 April, the US Animal and Plant Health Inspection Service (APHIS) stated “The genetic and epidemiological data indicate spillover of the virus from...
ANALYSIS: Weighing In on YTD Chicken Headcount
Given the wide array of production challenges related to disease and low hatchability, chicken market participants are keeping their eyes glued to the slaughter data as they attempt to hone their expectations for the road ahead. When it comes to 2024’s cumulative production, total headcount continues to retreat by about 2.7% year-over-year (YoY). This amounts to a 70 million head reduction from a similar period in ’23. Still, at about 2.6 billion birds, year-to-date (YTD) headcount continues to reside at the fifth-highest level in at least two...
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...
ANALYSIS: Turkey Headcount Slips to Record Low
Although transactional activity within the turkey complex remains seasonally thin here in mid-Q2, there is no shortage of variables which are catching the attention of market participants.
The latest Monthly Slaughter Report is perhaps top of mind for many players on the turkey side of the business, and with good reason. Total headcount retreated by 5% from February, and by a notable 18% when compared with this time last year. Coming in at 15.5 million head, March’s data also represents the lowest reading observed in over two decades...
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...
Wingstop Inc. Reports Fiscal First Quarter 2024 Financial Results
Wingstop Inc.today announced financial results for the fiscal first quarter ended March 30, 2024.
Highlights for the fiscal first quarter 2024 compared to the fiscal first quarter 2023:
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.
INTERVIEW: Six Months On, France’s World-First HPAI Vax Campaign Seen as Successful
Early April marked six months since French authorities, along with the country’s poultry sector, embarked on an ambitious effort to vaccinate every commercially-raised duck on the mainland against highly pathogenic avian influenza (HPAI). The decision made it a global pioneer; although HPAI vaccines had been used in non-exporting countries to protect food security, no major exporter has done so, and the world has been closely watching the experiment. As an industry representative told Feedinfo last year, “We’re a bit like the guinea...
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]:
USDA Finalizes Policy to Protect Consumers from Salmonella in Raw Breaded Stuffed Chicken Products
The U.S. Department of Agriculture’s (USDA) Food Safety and Inspection Service (FSIS) today announced its final determination to declare Salmonella an adulterant in raw breaded stuffed chicken products when they exceed a specific threshold (1 colony forming unit (CFU) per gram or higher) for Salmonella contamination.
This final determination is part of FSIS’ broader efforts to reduce Salmonella illnesses associated with the raw poultry supply in the United States. FSIS intends to address Salmonella contamination in other raw poultry products later this year...
ANALYSIS: Chicken Cold Storage, Cracking Open the Freezer Doors
The latest Cold Storage Report generally aligns with the monthly movement observed over the past five years, while also shining light on the notable reduction in year-over-year (YoY) inventory holdings. Total public warehouse stocks through the end of March hit 763.7 million pounds, which represents a 10.5% retreat from a similar period back in ’23. This coincides with the relatively well-accounted-for supply state on the street, along with the negative impact that disease and low hatchability continue to have on the production front...
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...
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...
ANALYSIS: Tightening Turkey Production Trends
Given the relatively serene state of the turkey market here in early Q2, market participants are keeping their eyes trained on the stats as they refine their expectations for the road ahead. When it comes to supply-facing variables, disease remains a top consideration, and with good reason. In just the first four months of the year, about 346 thousand commercial turkeys have been impacted by HPAI. Although this figure represents only a small fraction of the industry’s annual production potential, it is one part of a more complex scenario currently unfolding on the supply...
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...
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...
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...
Olymel to Close Quebec Processing Facility Focused on Poultry
Canadian meat processor Olymel announced last Friday the definitive closure of its Saint-Jean-Sur-Richelieu plant as of 19 July.
The plant had mainly processed poultry products, although it also made a small number of pork products.
“This decision comes against a backdrop of falling production volumes, which has led the plant to operate at only 40% of its operational capacity,” explained the company. “A reorganization of production within the Olymel family will enable operations to be redeployed to neighbouring plants with residual capacity to handle these volumes.”...
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
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...
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...
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...
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...
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...
Brazil's Chicken Exports Hit Highs Despite YoY Drop and Stagnant Prices
In March 2024, Brazil's chicken meat exports reached a peak, totaling 418,100 tonnes. This volume marks the highest recorded for the year yet reflects an 18.8% decrease from March 2023's unprecedented 514,600 tonnes.
Revenue from chicken exports also declined by 23.4% year-on-year, from $980.5 million to $751.3 million. Domestically, prices paid to chicken producers has remained stubbornly low over the past six months, ranging from approximately R$ 7.20/kg in October 2023 to R$ 7.32/kg as of March 2024, according to...
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...
LaBelle Patrimoine Heritage Chicken Approved by USDA as Regeneratively Raised
LaBelle Patrimoine, producer of humanely raised heritage, air-chilled chickens, is proud to announce that it carries the new claim of regeneratively raised as approved by the United States Department of Agriculture (USDA), acknowledging its commitment to sustainable and environmentally-friendly poultry farming practices.
Regeneratively raised is a farming system where chickens are fed regeneratively grown grain, grown on managed pasture, and farm waste and processing waste are composted and returned to the soil to improve soil health. This meaningful recognition by the USDA, which...
ANALYSIS: "Falling Feathers"- A Retreat in February's Chicken Export Volume...
February’s closing export tally primarily speaks to a contraction in total outward tonnage. Closing the month at 546.8 million pounds, one would have to venture all the way back to 2017 before coming across a lower seasonal figure. When compared with ’23, total volume retreated by 10.2%, or 62.3 million pounds. While the cumulative data almost speaks for itself, it is worth noting that the year-over-year (YoY) retreat in demand for U.S. chicken was not necessarily felt universally across all trade destinations...
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: Turkey Exports Tonnage: Greater Than What Meets the Eye
The turkey export figures were quite a sight to behold throughout the month of February. At 36.4 million pounds, total outward tonnage rose on a year-over-year (YoY) basis for the ninth consecutive month in a row. The most recent data gave way to a notable 46% advance from 2023. This was enough to position February’s closing figure at the highest seasonal level observed since 2021.
Total export value also realized a 20% uptick from the previous year. Although month-over-month (MoM) volume retreated by 0.07%...
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...
KFC Global to Welcome New CFO
KFC Global today announced that Alex Barsk (she/her) will be joining KFC Global as our new Chief Financial Officer (CFO), reporting directly to Sabir Sami, KFC Global Chief Executive Officer (CEO), effective June 1, 2024.
In this role, Alex will be responsible for leading KFC’s global Finance function, ensuring continued growth and profitability for the KFC business. She will also oversee KFC’s Financial Planning Analysis and Strategy functions.
Alex joins us from our sister brand, Pizza Hut, where she most recently served as Global Chief Financial Officer...
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...
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...
Cal-Maine Foods, Inc. Announces Retirement of Jeff Hardin
Cal-Maine Foods, Inc. today announced that Jeff Hardin, Senior Vice President of Sales, is retiring from his position with the Company, effective July 23, 2024. Scott Hull, Vice President of Sales, will assume the executive officer role previously held by Hardin, effectively immediately. Hardin will continue to work with Hull through the transition period until his official retirement date.
Hardin joined Cal-Maine Foods in 1988 and was named Vice President of Sales in 2002. He has played a pivotal role in driving the Company’s consistent...
KFC Introduces New "Taste of KFC Deals"- A Value Menu with Real Value- Starting at Just $4.99
KFC is bringing its beloved 11 herbs and spices to an all-new "Taste of KFC Deals" value menu available starting today, with flavor-packed meal deals starting at just $4.99*.
It's been 30 years since food ate up this much of people's incomes, and 56% of consumers are budgeting their finances more now due to inflation.** These deals are tailor-made to fit right into your loud budget – save on delicious fried chicken so you can spend more...
Bojangles Introduces Bo's Bird Dog: A Flavorful Twist on a Classic Favorite
Bojangles is giving chicken lovers a tasty, on-the-go way to enjoy one of its most popular menu items with the all-new Bo’s Bird Dog. A spin on a classic hot dog, the Bo’s Bird Dog features a Bojangles Chicken Supreme tender nestled in a split-top bun, topped with thick-cut pickles and drizzled with Carolina Gold sauce – a sweet and tangy honey mustard-based BBQ sauce.
“Bo’s Bird Dogs offer a delicious and portable way to feed the whole...
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: Exploring Factors Influencing the Turkey Market
Although market-swaying spot trade activity is off to a fairly uneventful start in April, there are no shortage of variables that are lingering on the minds of turkey market participants as we proceed into spring. At the top of the "figurative" list is HPAI, which has been slow to relinquish its grasp on the poultry (and egg) industry. Through the first three months of the year, commercial HPAI turkey cases advanced by about 50%, or 70 thousand birds, from the year prior...
ANALYSIS: Don’t Count Your Chickens Before They Hatch
Although April’s initial canvassing efforts are slow to bring with them many market-swaying developments, buyers and sellers of chicken are far from kicking up their feet. In light of the multitude of “unknown” variables which range from consumer demand patterns to disease, industry market participants are opting to focus their attention on what still lies within their control: Supply. With this in mind, the Weekly Broiler Hatch Report is perhaps one of our best forward-facing production indicators and one which has garnered quite a lot of attention in recent weeks...
Get Ready for Some Berry Delicious Spring Sensations at Chick-fil-A
Spring is officially in bloom at Chick-fil-A®! Starting April 8, Guests nationwide can enjoy fruity new flavors with a line of Cherry Berry seasonal beverages, the perfect pairing for picnic season. Chick-fil-A is also serving a delicious springtime twist, testing a new limited time entrée available exclusively at participating restaurants in Raleigh, NC: the Pretzel Cheddar Club Sandwich.
Blue Skies and Cherry VibesThe Cherry Berry beverage line provides a vibrant pop of mixed berry flavors, perfectly sweet and refreshing...
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...
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...
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...
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)...
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...
FEATURED STORIES
ANALYSIS: Tenderloin Prices Defy Springtime Expectations
HPAI H5N1 Virus in Dairy Cattle – What We Know
ANALYSIS: Australia's April Beef/Veal Exports Surge, Narrow Miss from 2015’s Record Highs