April 21, 2017
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
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
In other news, activist investor Marcato Capital
Management doubled down Thursday on its
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."
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.
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.
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.
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.
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
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
Finally today, our weekly retail column looks
at how now that Easter is past,
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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