Pork Prices Remain Firm on Lower Y/Y Slaughter, Tight Spot Supplies

Highlights
- Tight hog supplies and shrinking margin forced packers to limit slaughter on Friday and Saturday. In the near term this will tend to keep pork prices elevated but eventually we think the seasonal increase in supply will catch up with the pork market.
- Expectations are for processing items (hams, bellies, trim) to move lower into September as hog slaughter should be about 200k head/week higher than currently. Cooler temperatures should also result in higher hog weights.
- Fresh pork prices are finding some near-term support given...

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Grubhub and Bank of America Team Up to Offer Grubhub+ for Free to Cardholders

Grubhub and Bank of America today announced that eligible Bank of America cardholders can receive Grubhub+ free for one year, providing unlimited $0 delivery fees on orders of $12 or more and exclusive Perks from restaurants on Grubhub.

Starting today, eligible cardholders can activate a one-year, complimentary Grubhub+ membership trial, valued at nearly $120. Grubhub+ members also enjoy a donation match on Grubhub+ orders when they are opted into Grubhub's Donate the Change program, which raised more...

 

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Aug 19 12:25 PM, General News



Pork Prices Remain Firm on Lower Y/Y Slaughter, Tight Spot Supplies

Highlights
- Tight hog supplies and shrinking margin forced packers to limit slaughter on Friday and Saturday. In the near term this will tend to keep pork prices elevated but eventually we think the seasonal increase in supply will catch up with the pork market.
- Expectations are for processing items (hams, bellies, trim) to move lower into September as hog slaughter should be about 200k head/week higher than currently. Cooler temperatures should also result in higher hog weights.
- Fresh pork prices are finding some near-term support given...

Full Story »
Aug 19 9:46 AM, General News


Technomic Launches Location Targeting, tracking 1M+ Foodservice Locations

Today, Technomic released Location Targeting, the newest feature of Ignite Company. Location Targeting captures more than 1 million foodservice locations and allows operators and suppliers to gain a deeper understanding of small chains and independents at the address level. This feature allows clients to explore view foodservice location characteristics, amenities and annual sales volume, all overlayed with Technomic's standardized operator classification system.

Technomic experts collect location-level insights through a variety of sources, including operator websites, business directories and consumer review sites. Locations are then mapped through Ignite search criteria and...

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Aug 19 9:04 AM, General News


In Memory of Gerald "Jerry" Lloyd Allison

Gerald “Jerry” Lloyd Allison passed away peacefully on August 17, 2022, at the age of eighty-four in Atlanta, Georgia his home since 1967. His battle with medical issues in recent years showed his courage and determination in facing life challenges with optimism and strength. Jerry is the son of Marjorie and Lloyd Allison and was born in Minneapolis, Minnesota on February 12, 1938.

As a young boy in LaGrange, Illinois, Jerry’s incredible work ethic came through early when he started delivering papers at twelve, by fifteen he was a managing a team...

 

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Aug 19 8:03 AM, General News


ANALYSIS: Tom Harvest Stymies Seasonal Buying Opportunities

For turkey market participants, especially those on the further processing and retail deli side of the business, this summer is shaping up to be anything but “routine”...

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Aug 18 10:01 AM, Urner Barry


This Week in Retail: Beef Features Increase Ahead of Labor Day

It may be hard to believe, but Labor Day weekend is just over two weeks away.

Grocers have already completed the bulk of their purchases for the last major grilling occasion of the summer season. 

The meat case could perform well over the holiday with several popular grilling items featured at lower price points compared to last year. Ground beef is likely to grab a large share of circular space as households fire up the grill with burgers and more...

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Aug 18 8:12 AM, UB Newswires


Urner Barry Releases August Soy & Wheat Report

In the latest WASDE report, the USDA stated the outlook for 2022/23 wheat for August is increased supplies, domestic use, exports, and reduced stocks. Supplies were raised on higher production, with the all wheat forecast at 1,783 million bushels, up 2 million from July. Also, the all wheat yield is projected at 47.5 bushels per acre, a slight increase from last month. The season-average farm price is currently estimated at $9.25/bu, surpassing the 2012/13 record of $7.77/bu.

Globally, the 2022/23 wheat outlook calls for higher supplies, greater consumption, and increased trade. Supplies were increased by...

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Aug 18 8:00 AM, Plant Protein


Calling All Food Creators: Partner with Mealco to Launch Your Virtual Restaurant Brand

Mealco, a food-tech start-up focused on creating value for food brands, restaurant operators and customers, announced today a new initiative to identify food creators – both established brands and emerging chefs – to join its exclusive "Brand Innovators'' program. Mealco will be selecting the best-of-the-best to expand its network of culinary innovators and help them penetrate new markets and enhance their brands. New creators will join an existing slate of esteemed brand innovators that include Hillary Sterling's Cayenne, Ken Gordon's Mochidoki...

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Aug 18 8:00 AM, General News


Certified Group Partners with Groundswell Strategy to Strengthen Their Role as Food Safety Experts

Certified Group, a leading provider of laboratory testing services for customers working in FDA and USDA-regulated markets, today announced a partnership with Groundswell Strategy. The partnership enables Certified Group companies, Food Safety Net Services (FSNS) and EAS Consulting Group (EAS), leading North American providers of laboratory testing and regulatory consulting services, to engage with customers to meet regulatory compliance objectives, ultimately helping respond to and prevent foodborne illness.

Led by former Administrator of USDA's Food Safety and Inspection Service, Carmen Rottenberg, Groundswell Strategy will...

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Aug 18 8:00 AM, General News


New Report Showcases Consumer Priorities to Future-Proof the Hospitality Industry

A new research report by me&u, a global hospitality at-table ordering solution, has revealed new feedback addressing consumer expectations across demographics for hospitality venues of the future. In partnership with YouGov, Red Havas and Havas Labs, this report provides an in-depth look into the changes from the customer perspective and explores new predictions that operators within the hospitality industry will adopt throughout the next decade. These findings spur from a combination of expert interviews and analysis through detailed industry reporting and media. The survey was then...

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Aug 18 8:00 AM, General News


Build Your Dream Menu Item with Carl's Jr. and Hardee's Custom Collaboration with Twitch

Carl's Jr.® and Hardee's® are switching on the CKE Test Kitchen charbroilers and experimenting with new recipes to kick off a custom collaboration with interactive livestreaming service, Twitch, to bring fans new menu items they never knew they needed.

The collaboration will allow social media users, as well as Twitch streamers and viewers, the opportunity to create their own "happy" and potentially create a new menu item. Throughout the past few weeks, fans have had the opportunity to vote for their favorite ingredients on...

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Aug 18 8:00 AM, General News


Lower-income Households Hardest Hit by Inflation

Historically, the spending gap between higher- and lower-income households is more pronounced in times of high inflation. With food inflation at a 40-year high, the gap has widened again, and lower-income households are shifting their at- and away-from-home eating behaviors to stretch their food dollars. Eating more frozen and shelf-stable foods, using less expensive and private label brands, and cutting back on restaurant visits, are among the ways lower-income households are managing their food spending, reports The NPD Group, which recently merged with Information Resources...

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Aug 18 8:00 AM, General News


Quicklly and Instacart put Indian Groceries on the Map with 60-Minute Delivery

Quicklly, a comprehensive, one-stop marketplace for Indian/South Asian groceries, tiffins, meal kits and fully-prepared restaurant dishes, and Instacart today announced the companies' expanded partnership to offer delivery of Quicklly's Indian pantry staples, desi spices and sauces in as fast as an hour across seven U.S. cities: New York City, N.Y., Chicago, Ill., Austin, Texas, Fremont, Calif., Sunnyvale, Calif., Naperville, Ill. and Edison, N.J. The Instacart app also offers nationwide delivery of Quicklly's ready-to-eat Indian meals kits in three to four days, creating... 

 

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Aug 18 8:00 AM, General News


July Retail Sales Show Consumers Still Shopping Despite Inflation

Core retail sales as calculated by the National Retail Federation rose in July even as overall sales reported by the Census Bureau remained flat on a monthly basis, and both calculations showed strong year-over-year gains as consumers kept shopping despite high inflation, NRF said today.

“Retail sales grew in July, supported by declines in prices at the gas pump and moderately lower inflation,” NRF President and CEO Matthew Shay said. “Consumers are adapting to higher prices by prioritizing essentials like food and back-to-school items, and retailers are..."

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Aug 18 8:00 AM, General News


Innovative Food Company, Egglife Foods, Announces Partnership With Jenny Mollen

According to the National Peanut Board, the average American child will consume 1,500 PB&Js before graduating high school. While tasty, the average PB&J isn't the most nutritious option, which is why Egglife Foods, the innovative food company that uses cage-free eggs instead of flour to reimagine carb-heavy foods, is rethinking this iconic schooltime staple – with less carbs and sugar and more protein.

In partnership with actor, Instagram personality and New York Times bestselling author Jenny Mollen, Egglife is sharing a variety of delicious and healthy twists...

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Aug 17 1:21 PM, General News


Fast-Casual Restaurant, honeygrow Partners with DailyPay to Boost Hiring and Employee Tenure

In an Effort to Provide its Employees with Financial Wellness Tools, honeygrow Implements Popular On-Demand Pay Benefit

honeygrow, the Philadelphia-based fast-casual concept, is joining forces with DailyPay – the leader in on-demand pay. Through this partnership, honeygrow's restaurant employees can now access their earned pay after completing a shift. Ultimately, DailyPay's benefit allows employees to access their pay as they earn it, eliminating the need for payday loans and overdraft fees as they can pay bills, save, spend, or invest on their own schedules...

 

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Aug 17 9:52 AM, General News


Southeastern Grocers Scores 10 Store Brands Editors’ Picks Awards for Own Brand Innovation

Southeastern Grocers Inc., parent company and home of Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, is pleased to announce 10 of the grocer’s new Own Brand products have been awarded gold, silver and bronze medals from Store Brands 2022 Editors’ Picks for best new products.

SEG’s Naturally Better line scored the most gold medals this year for two of the grocer’s meat products and one gold medal was obtained for the grocer’s organic Medium-Chain Tri-glycerides (MCT) oil in the general grocery category...

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Aug 17 9:36 AM, General News


ANALYSIS: Shell Egg Prices Stabilize Amid Demand Improvements, Flock Rotations

Monday halted an almost three-week correction in the shell-egg market that saw our benchmark Midwest large quotation shed 36.7% of its value. The market in recent weeks had been weighed down by sluggish retail business after wholesale values skyrocketed to a record-high of $3.40/dozen in July. As those prices trickled down to the retail level, consumer interest faded...

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Aug 17 9:15 AM, Urner Barry


Wendy's Announces Innovative New Global Restaurant Design Standard: "Global Next Gen"

The Wendy's Company announced today a new global restaurant design standard, Global Next Gen, for enhanced customer, crew and digital experiences. Beginning Fall 2022, Wendy's® new traditional restaurant builds will feature a sleek and modern design with an optimized layout and next-generation technology to deliver more Wendy's to more people with an emphasis on convenience, speed and accuracy.

"To accelerate our business and expand our footprint across the globe, we must consistently meet the needs of our customers however they chose to engage with Wendy's, whether that's..."

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Aug 17 8:59 AM, General News


Eat Just Announces $25 Million Investment from C2 Capital

Eat Just, Inc., a company that applies cutting-edge science and technology on a mission to create healthier, more sustainable foods, today announced a $25 million investment and strategic partnership with private equity firm C2 Capital Partners (C2). C2 was established in 2018 to provide growth capital and operational support for companies to scale in China. The firm’s anchor investor is Alibaba Group.

This is C2’s first investment and partnership in the alternative protein sector and the relationship is currently supporting Eat Just’s go-to-market strategies, sales...

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Aug 17 8:26 AM, General News


Perdue Recognized as Leader in Poultry Workplace Safety

The Joint Industry Safety and Health Council has awarded nine of Perdue's facilities its Award of Distinction, the Council's highest form of recognition for consistently implementing innovative and effective workplace safety health processes and systems. They were among 33 Perdue facilities across 14 states that received workplace safety awards at the 2022 National Safety Conference for the Poultry Industry in Destin, Fla.

"Workplace safety is an absolute at Perdue, including an unwavering commitment from management and an ongoing safety culture that engages all associates in maintaining a safe workplace environment," said...

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Aug 17 8:22 AM, General News


BurgerFi Unveils the "Juicy Lucy" Burger Available for a Limited Time Only

BurgerFi - one of the nation's fastest-growing, premium fast-casual concepts - has added the Juicy Lucy, a new crave-worthy, limited-time only menu item to its award-winning, chef-inspired menu. Available now through September 19, the Juicy Lucy features two Natural Angus Beef patties sandwiching White Cheddar, American, and Pepper Jack cheeses, and topped with Sweet Tomato Relish and BurgerFi's signature Fi sauce.

To further enhance their menu offerings, BurgerFi has partnered with well-known industry Chef Cliff Pleau. "Just one bite of the new Juicy..."

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Aug 16 2:53 PM, General News


Cargill Grants $10 Million to World Food Program USA to Combat the World’s Growing Hunger Crisis

Cargill has made a $10 million grant to World Food Program USA in support of the United Nations World Food Programme’s response to the global hunger crisis, escalated by the collateral impact of the Ukrainian war. This generous grant, the largest donation ever made by Cargill to World Food Program USA, comes at a moment of unprecedented need as 345 million people face severe hunger and 50 million teeter on the brink of famine around the world. The grant will support the...

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Aug 16 8:00 AM, General News


DoorDash and Grocery Outlet Partner for On-Demand Grocery Delivery

Grocery Outlet Holding Corp., the leading extreme-value retailer in the United States, today announced a partnership with DoorDash, the local commerce platform, to offer on-demand grocery delivery from more than 398 locations across the country including Pennsylvania, New Jersey, Maryland, California, Washington, Oregon, Idaho, and Nevada. Now DoorDash customers can order groceries on-demand from local Grocery Outlet stores via the DoorDash marketplace app or website, accessing all their grocery and household needs with savings top of mind.

Grocery Outlet serves more than 1.5 million shoppers each week...

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Aug 16 8:00 AM, General News


Albertsons Companies Voluntarily Recalls Select Store-Prepared Sandwiches

Albertsons Companies, in cooperation with the voluntary recall of King’s Hawaiian pretzel roll products, is voluntarily recalling 18 store-prepared items made with King’s Hawaiian pretzel rolls. The King’s Hawaiian recall is out of an abundance of caution due to its potential for microbial contamination, including from the organisms Cronobacter sakazakii and Clostridium botulinum. The King’s Hawaiian recall announcement can be found here.

Consumers who have purchased these items are urged not to consume these products and to dispose of them or return the items to their local store for a full...

 

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Aug 15 9:50 AM, General News


Checkers® & Rally's® Kicks off First Half of 2022 with Strong Development Growth and Recognition

Checkers & Rally's, an iconic and innovative drive-thru restaurant chain known for bold and flavorful food at an exceptional value and its people-first attitude, today announced its strong momentum in the first half of 2022, with 32 signed franchise & multi-unit development agreements representing a total of 53 new restaurant locations, to date this year. The company has also been announced as the recipient of three industry accolades from The International Foodservice Manufacturers Association (IFMA), Franchise Update Media and Franchise Business Review...

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Aug 15 9:41 AM, General News


ANALYSIS: June Chicken Exports: A Mid-Year Perspective Check

Although the month-over-month (MoM) chicken export comparisons during June aren’t particularly revealing at first glance, it’s important to maintain a broad sense of perspective on just how far the chicken industry has come so far this year...

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Aug 15 9:34 AM, Urner Barry


Give Your Wallet a Break with Domino's® 50% Off Pizza Deal

Domino's Pizza Inc., the largest pizza company in the world, knows that Americans are feeling the pinch from higher prices everywhere. One great way to stretch your budget this week is with Domino's 50% off deal, with half off all menu-priced pizzas ordered online, today through Aug. 21.

"Domino's has always been focused on value that can feed a family at a reasonable price," said Frank Garrido, Domino's executive vice president of U.S. operations and support. "Domino's stores nationwide are ready to bring pizzas and smiles to..."

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Aug 15 8:48 AM, General News


BJ's Restaurant and Brewhouse, Inc.® Partners With DailyPay

BJ's Restaurants, Inc., a national restaurant brand and pioneer in the craft brewing world, today announced its partnership with DailyPay, the leading provider of on-demand pay.

Headquartered in Huntington Beach, California, BJ's Restaurants, Inc. ("BJ's") owns and operates 214 casual dining restaurants across 29 states. By offering DailyPay as a benefit, BJ's team members can now access their pay immediately after completing a shift, enabling them to pay bills, save, spend, or invest on their own schedule.

"At BJ's Restaurant & Brewhouse, we're..."

Full Story »
Aug 12 9:46 AM, General News


Veggie Grill, the Plant-Based Pioneer, Launches New Virtual Concept, Vegan Bowls For All

Veggie Grill, the nation's leading destination for creative and craveable plant-based food is launching another innovative virtual concept, Vegan Bowls For All. The fully vegan menu features six nourishing bowls designed to provide clean, satisfying, flavorful options to customers looking to optimize their health without sacrificing enjoyment. Beginning today, the bowls are available for delivery through all major delivery providers. Whether customers are looking for a post-workout dinner or a hearty lunch to power them through the day, Vegan Bowls For All is here...

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Aug 12 9:15 AM, General News


ANALYSIS: What is driving the strength behind pork trim? Demand, supply, or both?

As we currently sit in the second week of August, prices of fresh 42%, 72% and 72% lean boneless picnic trim are historically elevated...

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Aug 12 9:12 AM, Urner Barry


Celebrate 67 Years with Natural Grocers®, August 18th-20th, 2022

Natural Grocers®, the largest family-operated organic and natural grocery retailer in the U.S., celebrates its 67th anniversary August 18th – August 20th. Customers are invited to a three-day celebration offering Epic SavingsSM, prizes, giveaways and more.

NATURAL GROCERS THEN & NOW
67 years ago, Margaret and Phillip Isely went door-to-door in Golden, Colorado educating their neighbors about nutrition and handing out samples of homemade whole grain bread. Margaret's passion for nutritional education, natural foods and supplements spread throughout the community and soon they opened a store...

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Aug 12 9:04 AM, General News







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