July 25, 2017

Today's News Summary:

Headlining the news today is a look at how the global pork 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, Brazil may 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.

One of 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.

The 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 Brits.

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.

Sonic 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 brioche bun.

Arby's is 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

Finally today, forever in the shadow of Boomers and 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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By Linda Lindner


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