Headlining the news today is a look at how the
trade is facing new dynamics, driven by price developments, new trade
deals, and more challenging business environments, according to
RaboResearch’s latest Global Pork Quarterly. Rabobank holds the view
that China’s pork production will increase by about 2% in 2017. Hog
production recovery was faster than expected in 1H, as many producers
shared a positive view of the market and made rapid herd replenishments.
While the expansion of hog production should continue in 2H 2017, it has
been slowed by the price plunge in Q2.
In other news,
change the formula of its foot-and-mouth vaccines, the country's
agriculture ministry said on Monday, a move that follows a U.S. ban on
imports of fresh Brazilian beef that is linked to abscesses found on
carcasses. The change is under consideration after a group of
veterinary products manufacturers made a formal request to the ministry to
reduce dosages to 2 ml from 5 ml, and remove a compound known as saponin
from the vaccine, it told Reuters in a statement.
Western Australia’s biggest egg producers has been fined a record $750,000
for misleading customers with claims that its eggs were free range. A
Federal Court judgment handed down in May last year found Snowdale
Holdings breached consumer protection laws by making false or misleading
representations about its eggs. The company implied its eggs were produced
by hens that moved around freely on an open range when it was highly
unlikely that the animals could do so. Snowdale sold to retailers Coles
and Woolworths and supplied eggs under brands including Eggs by Ellah,
Swan Valley Free Range and Wanneroo Free Range.
US is the
second-largest exporter of poultry meat in the world (following only
Brazil) but Europe has long banned its chicken from import, thanks to the
American practice of bathing chicken carcasses in chlorine. But as the
UK prepares to leave the European Union in March 2019, free-trade groups
and advocates, including the UK’s international trade secretary Liam Fox,
are urging reconsideration of that policy in a post-Brexit Britain, where
they say a new UK-US poultry deal could mean lower-cost chicken meat for
Back in the States,
yet another outbreak of foodborne illness last week at Chipotle Mexican
Grill did what it usually does to the burrito chain: The stock price
plummeted. It's bad news—particularly for the patrons who got sick—but
it's a boon for anyone that had the foresight to short the stock.
Drive-In is adding to its robust chicken lineup with the introduction of
the all-new Dunked Ultimate Chicken Sandwich featuring an innovative blend
of bold flavors to a guest favorite. Sonic’s Dunked Ultimate Chicken
Sandwich features a flavor-loaded, quality chicken sandwich “dunked” in
rich, bold sauce over a premium all-white meat chicken fillet on a warm
bringing meat-lovers across the country a new sandwich with 15th-Century
roots. Move over, venison-sandwich? The fast food chain's newly released
Porchetta sandwich is a nod to the 15th-Century version famous in the
central Italian region of Umbria, according to company. Porchetta is a
pork loin wrapped in skin-on pork belly and smoked for
today, forever in the shadow of
Millennials, Gen Xers can now take center stage as an important customer
base for restaurants, finds The NPD Group, a leading global
information company. Generation X, ages 36 to 52, now represents 23
percent of all restaurant visits, not a significant difference from
Boomers and Millennials, who represent 26 and 25 percent of visits
respectively, according to a new foodservice study published by NPD Group.
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