April 21, 2017  

Today's News Summary:

 Headlining the news today is a focus on how USPOULTRY and the USPOULTRY Foundation announced the completion of a funded research project at the University of Delaware in Newark, Del., in which researchers report a potential cause of wooden breast lesion in broilers. The research project is part of the Associationís comprehensive research program encompassing all phases of poultry and egg production and processing.

In other news, activist investor Marcato Capital Management doubled down Thursday on its assertion that Buffalo Wild Wings has become too big for its CEO, Sally Smith, to manage. Marcato, which owns 6.1 percent of the restaurant chain's outstanding stock, sent a letter on Thursday to shareholders. "In order to get the company back on the right path, we need a management team that's more well-suited to the challenges of the company," Marcato founder Mick McGuire said on CNBC's "Halftime Report."

Tyson Foods announced the appointment of Justin Whitmore to the newly-created role of Chief Sustainability Officer. This follows Tysonís recent introduction of a new purpose and strategy that place sustainability at the center of the companyís future plans.

The world's largest meatpacker JBS SA will resume slaughtering at six out of 10 beef processing units next week after sending workers on temporary leave earlier this month, the company said in a statement on Thursday. Another four units will restart operations on May 2 after "reforms, operating adjustments and the modernization of equipment" is concluded, the company said.

Canadaís annual inflation rate cooled more than expected in March, pulling away from the central bankís target as food prices dropped for the sixth month in a row, underscoring expectations interest rates will stay put for some time. The annual rate fell to 1.6 per cent from the previous monthís 2.0 per cent, Statistics Canada said on Friday, exceeding forecasts for a decline to 1.8 per cent.

Hormel Foods Corporation announced that it was ranked No. 8 on the 18th annual Corporate Responsibility (CR) Magazine 100 Best Corporate Citizens List. This is the ninth consecutive year the company has been on the list and the first time the company has been in the top 10.

Butterball Foodservice, the nationís most iconic turkey brand, continues to set high standards for animal care and well-being. More than two-thirds of foodservice operators agree that it is important to treat turkey humanely, and Butterball was the first turkey supplier to become American Humane CertifiedTM (AHC). Now approaching its third year being verified by the program, Butterball remains the only turkey manufacturer to earn this certification.

Finally today, our weekly retail column looks at how now that Easter is past, the retail complex finds itself in a sort of holding pattern as anticipation builds over the next few rather uneventful weeks for the summer kickoff. Over the next month, retail will be treading water while a combination of factors fall into place that will hopefully boost buying activity. Increasingly favorable, warming weather will start to boost grilling demand, culminating of course Memorial Day weekend. Grocers are presently securing orders for holiday needs next month, planning aggressive ads in order to kick off the summer season with a bang.

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By Linda Lindner


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