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ANALYSIS: Export Volume Challenges for Mexican Beef End Cuts
Throughout 2024, beef export levels from Mexico to the United States have been relatively low compared to previous years. This trend is largely attributed to the exchange rate, as the strength of the Mexican peso against the dollar has led to higher prices of Mexican items. Consequently, even though there is sustained demand for Mexican beef in the US, Mexican producers have been constrained in their ability to allocate beef for export, since sales in the Mexican domestic market are more profitable. This situation is particularly evident with end cuts...
FSIS Issues Public Health Alert for Ground Beef Products, Possible E. Coli O157:H7 Contamination
The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for ground beef products that may be contaminated with E. coli O157:H7. FSIS is issuing this public health alert to ensure that consumers are aware that these products should not be consumed. A recall was not requested because the products are no longer available for purchase.
The raw ground beef items were produced on March 28, 2024. The products have a...
ANALYSIS: Prudent Buying Takes Hold in Boxed Beef Market as Risk Premiums Limit Forward Bookings
Through just over two months, the USDA’s Weekly 22-90 Forward Delivery Period report has showcased a significant dip in load counts when compared to recent years. For example, compared to last year, the load counts are down by 7.4% and counts are also approximately 20-percent below the five-year average.
Sellers have played an aggressive hand with pricing out front particularly in February as uncertainty continues to mount, the aggressiveness comes amid a margin battle as packers battle rising...
ANALYSIS: Deciphering Ground Chuck Retail Prices in Today's Market
On a year-over-year basis, the Consumer Price Index (CPI) reached its COVID-era peak registering at 9.1% in June 2022. Although it has since moderated, the latest data from the USDA reveals that U.S. consumers are allocating the largest proportion of their disposable income to food since 1991, with 11.3% spent in 2022.
This heightened focus on food prices prompts a closer look at discounted Ground Chuck pricing at retail outlets. To conduct a comprehensive analysis, Circana's pricing data was adjusted to account for inflation...
Valley Meats, LLC, Recalls Ground Beef Products Due to Possible E. Coli O157:H7 Contamination
Valley Meats, LLC, a Coal Valley, Ill. establishment, is recalling approximately 6,768 pounds of raw ground beef products that may be contaminated with E. coli O157:H7, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The raw ground beef items were produced on December 22, 2023. The following products are subject to recall [view labels]:
Scanga Meat Company Recalls Ground Beef Products Due to Possible E. Coli O103 Contamination
Scanga Meat Company, a Salida, Colorado establishment, is recalling approximately 563 pounds of ground beef products that may be contaminated with E. coli O103, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The raw ground beef products were produced on December 11, 2023. The following products are subject to recall [view labels]:
ANALYSIS: Ribs Pushing Higher in Typical Seasonal Fashion – But Still Not at Recent Spreads
With beef production down 5.2 percent through October 13, product availability has become a large concern for high-quality middle meats, ribs and tenderloins in particular.
Market participants in the Certified Angus Beef and upper two-thirds arena are becoming much more proactive around procurement this year when it comes to these items. Last week Urner Barry reported full steady to firm tones in the CAB rib category, while tenderloins were the lone item in the loin complex to move higher on limited supplies and active...
Freddy's Hits Milestone with 500th Location Opening in Burleson, Texas
Fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers® announced today the opening of its 500th restaurant, located at 608 SW Wilshire Blvd in Burleson, Texas. This significant milestone underscores Freddy's accelerated growth since its inception in 2002 and emphasizes how strongly the concept has resonated in each of the markets it serves.
"As we celebrate this milestone, I am filled with an overwhelming sense of pride and gratitude. Reaching 500 locations was made possible first and foremost through the commitment of our passionate franchise partners, which we believe...
QSR Industry Titan, Bryon Stephens, Named Chief Development Officer for Savvy Sliders
Michigan based Savvy Sliders announced today that Bryon Stephens will be its Chief Development Officer. Stephens brings 35 years of industry knowledge to the Savvy Sliders brand. With 35 stores open today, and another 30 in development, Stephens will guide the three-year old brand to a growth trajectory of more than 500 stores over the next 48 months.
“We’ve created a concept that reimagines what a slider means to consumers by providing them with “More 2 Love” in our products and services...
Price Relief Coming at the Drive-Through
It takes a lot to get between Americans and fattening food, but everyone has their limits.
Quick serve has been the most successful restaurant category since the pandemic hit, initially because of its ability to provide socially distanced meals and then because of a lower price point as inflation squeezed household budgets. Some upper-middle-class diners have even defected from sit-down to fast-casual eateries like Chipotle or all the way to traditional fast food. But keeping profitability high has required a delicate dance of efficiency gains and...
O’Charley’s Announces New “Smash Hit” Burger Lineup
O’Charley’s Restaurant + Bar is inviting guests to “meat” their all-new “Smash Hit” Burger lineup beginning May 22. This rollout arrives just in time for National Burger Day on May 28, when guests will receive $5 off any burger that day.
The all-new smash burgers are the same 7 ounces guests love but are grilled so that the edges are nice and crispy and the flavor gets big and bold, giving them a bun-in-a-million taste. The irresistible new burger lineup is wide-ranging...
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