G7 Leaders Discuss Potential Price Cap on Russian Oil Exports

G7 leaders gathered at the Bavarian Alps on Sunday for a three-day summit to discuss pressing issues including the ongoing Russia-Ukraine war. The seven G7 countries are Canada, France, Germany, Italy, Japan, the UK, and the US. 

Traders are closely eyeing any developments from the meeting with talks scheduled to resume today. G7 leaders are considering a cap on the price of Russian oil and pipeline gas exports in an effort to restrict Russia’s revenue...

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Wed. Jun 15, 2022

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Grubhub and Brinker Partner to Bring Fan Favorites to the Grubhub Marketplace

Grubhub, a leading U.S. food-ordering and delivery marketplace and Brinker International, Inc. announced today a partnership to bring the Chili's® Grill & Bar, It's Just Wings® and Maggiano's Little Italy® brands to Grubhub.

More than 2,500 locations will be available on the Grubhub Marketplace in the coming weeks. Chili's® Grill & Bar and It's Just Wings® (Chili's virtual brand) locations are currently available on Grubhub, with Maggiano's Little Italy® locations available soon.

"We make it our mission to add as many restaurants to..."

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Jun 27 12:56 PM, General News



ANALYSIS: Shell Egg Prices Soar to Six-Week High Amid Strong Demand, Reduced Outputs

With only two small commercial egg-laying farms impacted by high-path avian influenza in the month of May, it seemed as though the bird flu was largely in the rear view...

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Jun 27 10:15 AM, Urner Barry


Veroni Becomes the First Brand of Italian Charcuterie in the U.S.

The Italian cured meat producer Veroni continues to grow in the US market – With a 23.7% increase in 2021 revenues, the company has been ranked among the top 20 players in the US luncheon meat segment, becoming the first brand for Italian charcuterie. The first-quarter 2022 results show a further acceleration with a 30% rise in revenue compared to Q1 2021.

"The results we have achieved in the US since we opened our slicing facility in Logan, NJ in 2016 have exceeded our expectations," says Marco Veroni, president...

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Jun 27 9:57 AM, General News


G7 Leaders Discuss Potential Price Cap on Russian Oil Exports

G7 leaders gathered at the Bavarian Alps on Sunday for a three-day summit to discuss pressing issues including the ongoing Russia-Ukraine war. The seven G7 countries are Canada, France, Germany, Italy, Japan, the UK, and the US. 

Traders are closely eyeing any developments from the meeting with talks scheduled to resume today. G7 leaders are considering a cap on the price of Russian oil and pipeline gas exports in an effort to restrict Russia’s revenue...

Full Story »
Jun 27 9:45 AM, UB Newswires


McDonald’s Promotes Kevin Ozan to Senior Executive Vice President, Strategic Initiatives, and More

Today, McDonald’s CEO, Chris Kempczinski sent the following message to the McDonald’s Global System, which also outlines additional leadership team updates.

Digital CV’s for these leaders can be found in the links below:

- Kevin Ozan, Digital CV

- Ian Borden, Digital CV

- Marion Gross, Digital CV

As I said at Worldwide Convention in April, there’s never been a better time to be part of Brand McDonald’s.

McDonald’s is now seen as leading in our industry on almost every dimension. Together, we’ve transformed the McDonald’s System and...

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Jun 27 8:42 AM, General News


ANALYSIS: A Birds-Eye Glimpse into Q3 Production Expectations

The most recent release of the Livestock, Dairy, and Poultry Outlook Report brings with it some signs of encouragement for players on the buying side of the negotiation table...

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Jun 27 8:36 AM, Urner Barry


Hormel Foods Global Brands and Business Strategy on Stage at dbAccess Global Consumer Conference

Fortune 500 global branded food company Hormel Foods recently presented at the 2022 Deutsche Bank dbAccess Global Consumer Conference held in Paris from June 14-16. Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods, and Swen Neufeldt, group vice president and president of Hormel Foods International, gave the global investment audience insight into the strategic playbook of the 131-year-old company.

The senior leaders discussed the company's strategic priorities and what makes Hormel Foods an uncommon company, including the...

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Jun 27 8:28 AM, General News


Red Robin Announces New, Limited-Time $10 Gourmet Meal Deal

Red Robin Gourmet Burgers and Brews is introducing the $10 Gourmet Meal Deal this summer to help offset rising costs when inflation is at an all-time high. The limited-time offer allows guests to order a Gourmet Burger, Bottomless Steak Fries, and a Bottomless Beverage from a select menu for just $10.

"We get it - with rising inflation driving increases in the costs of gas and everyday items, we wanted to provide our customers with low-cost, high-quality meal options," said Jonathan Muhtar, Red Robin...

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Jun 27 8:24 AM, General News


Swaggerty's Farm® Celebrates Summer with Stars, Stripes & Sausage Sweepstakes

The Fourth of July brings backyard barbecues with friends, family, and neighbors. To keep those moments delicious and the recipes sizzling, Swaggerty's Farm is giving away over fifty sausage prizes. Inspired by the Stars and Stripes, fifty winners will receive Swaggerty's Farm sausage, and thirteen grand prize winners will win sausage and an exclusive Swaggerty's Farm BBQ toolset.

For nearly 100 years, Swaggerty's Farm® has been committed to excellence and quality. With a family recipe, a unique blend of spices, and a tried-and-true process, Swaggerty's Farm®...

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Jun 27 8:14 AM, General News


MPF Convention Announces Rebrand to the PEAK!

The Midwest Poultry Federation (MPF) Board of Directors is excited to announce that after 51 fabulous years known as the Midwest show, the MPF Convention is changing its name to the PEAK.

The PEAK letters represent all that the MPF Convention has provided to the poultry industry over the past five decades plus gives a nod to the exciting future ahead for the organization and its annual event.

Along with a new name comes a new PEAK Show logo as well as a complete rebranding of its colors, which will be incorporated into...

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Jun 27 8:02 AM, General News


Smithfield Foods Ranked on LinkedIn's 2022 Top Companies List in Consumer Goods

Smithfield Foods, Inc., an American food company and one of the world's leading vertically integrated protein producers, was today named to LinkedIn's Top Companies: Industry Edition list ranking top workplaces for professionals to grow their careers in nine U.S. industries: financial services, health care, media & entertainment, marketing & advertising, retail, consumer goods, real estate, travel & hospitality and technology & information.

"We take pride in being an industry leader at Smithfield and are honored that LinkedIn has recognized our ongoing efforts to be an employer of choice," said Keira Lombardo, chief...

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Jun 24 9:57 AM, General News


World Food Program USA Appoints Cargill and Kastner Executives to its Board of Directors

World Food Program USA (WFP USA) today named Pilar Cruz, Corporate Senior Vice President and Chief Sustainability Officer at Cargill, and Brandon Rochon, Chief Executive Officer of Kastner and Chief Creative Officer of Fluent Group, to its distinguished Board of Directors. World Food Program USA has grown dynamically in recent years to meet the urgent needs of the United Nations World Food Programme. As part of that growth, it has strategically sought to expand its Board of Directors. As industry leaders in their respective fields of...

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Jun 24 9:22 AM, General News


ANALYSIS: Turkey Thigh Meat Values Maintain Leg Up on Boneless Pork Hams

As we usher in the first days of summer, turkey market participants are consulting with the historic price charts as they attempt to refine their expectations for the season ahead...

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Jun 24 9:19 AM, Urner Barry


Missouri Attorney General Urges SCOTUS to Overturn Ruling Upholding California’s Prop. 12

Missouri Attorney General Eric Schmitt joined an amicus brief in National Pork Producers Council v. Karen Ross, urging the United States Supreme Court to overturn the 9th Circuit Court of Appeals decision upholding California’s Proposition 12. California’s Proposition 12 requires states to comply with California regulations on the confinement of breeding pigs, egg-laying hens, and veal calves in order to sell those products in California.

“Under no circumstances should the state of California be allowed to dictate to Missouri farmers and ranchers how they can raise and..."

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Jun 24 8:00 AM, General News


This Week in Retail: Supermarkets Prep for July 4th

The Fourth of July marks the last major retail buying occasion of the summer until Labor Day. 

This year’s holiday falls on a Monday and the extended weekend could encourage consumer cookouts and gatherings.

Grocers are closely eyeing the forecast as record high temperatures persist in the Southern region of the nation this week. 

This week, beef claims almost 28% of total protein features this week. Seafood and pork each account for 22.2%, while chicken clocks in at 16.7%...

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Jun 23 9:50 AM, UB Newswires


Kroger Board of Directors Raises Quarterly Dividend by 24%

The Kroger Co's Board of Directors approved a dividend increase from $0.84 to $1.04 per year. The next quarterly dividend of 26 cents per share will be paid on September 1, 2022, to shareholders of record as of close of business on August 15, 2022.

Kroger's quarterly dividend has grown at a 14% compounded annual growth rate since it was reinstated in 2006. This marks the 16th consecutive year of dividend increases. The company continues to expect, subject to board approval, an increasing dividend over time...

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Jun 23 9:21 AM, General News


Roquette Launches a New Rice Protein

Roquette, a global leader in plant-based ingredients and a pioneer of plant proteins, announced today the launch of two rice proteins, a bold move that adds a new botanical origin to its current portfolio. With NUTRALYS® rice protein, Roquette offers consumers a familiar, safe and nutritious alternative protein with premium quality and high standards of production. The rice protein by Roquette will be presented for the first time during IFT FIRST event, July 10-13, in Chicago. This launch is a new step in the group’s commitment to develop a new...

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Jun 23 9:19 AM, General News


UB Consulting: Has the Foodservice Industry Recovered?

It has been no surprise that the foodservice industry suffered during the pandemic. From the lockdowns to patron fear of catching COVID, we witnessed some of our favorite restaurants disappear. Still, the industry continues to fight battles along all fronts—inflationary pressures, rising employment costs, and supply chain disruptions, to name a few. It has been over two years since the emergence of the pandemic, which offers us the opportunity to dissect how the foodservice sector has coped up until now...

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Jun 23 8:35 AM, Urner Barry


White Castle Summer is All About Chicken Rings with New Deals and Limited Time Slider

White Castle is ringing in the summer with a hot deal to match the summer heat. The iconic hamburger chain is offering 10 Chicken Rings for $2.99 ($3.99 in Arizona). The crispy, uniquely shaped Chicken Rings made with all white meat chicken are sure to leave Cravers satisfied while not taking a big bite out of their wallets.

"A hot and tasty meal at an appetizing price is how we feed the souls of craver generations everywhere," said Jamie Richardson, vice president for...

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Jun 23 8:15 AM, General News


NCBA Rejects Harmful Cattle Market Mandate Bills

Today, the National Cattlemen’s Beef Association (NCBA) once again voiced opposition to the Cattle Price Transparency Act of 2022 and the Meat and Poultry Special Investigator Act of 2022, which were marked up by the Senate Committee on Agriculture, Nutrition, and Forestry.

“The U.S. cattle industry is home to one of the most complex set of markets in the world. Rather than embrace the freedom of that marketing system, Congress is instituting a one-size-fits-all policy that will hurt cattle producers’ livelihoods. Cattle markets are finally returning to normal after..."

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Jun 23 8:10 AM, General News


Urner Barry Releases June Soy & Wheat Report

According to the Ukraine Grain Association, grain silos in Ukraine are about half full leading up to this year's harvest, which means crops could be left in the ground if Russia continues blocking ports. Without access to its Black Sea ports, Ukraine would be able to export 20 million tons of grains next year at best. These exports would likely be more sunflower seeds than corn and wheat. Currently, Ukraine is attempting to ship its crop via...

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Jun 23 8:00 AM, Plant Protein


Hormel Foods Announces Retirement of Gary Jamison, Vice President and Treasurer, After 34 Years 

Hormel Foods Corporation, a Fortune 500 global branded food company, today announced that Gary Jamison, vice president and treasurer, will be retiring after a 34-year career with the company. The company also announced it has appointed Florence Makope to succeed Jamison as vice president and treasurer. Makope, who joins Hormel Foods with more than 20 years of finance and treasury experience, will report to Jacinth Smiley, Hormel Foods executive vice president and chief financial officer.

"Gary has provided exceptional leadership to our financial organization, including..."

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Jun 22 9:02 AM, General News


NPPC Praises Biden Administration for Standing Up for Consumer Choice and American Farmers

The Biden administration, international trading partners and business groups representing the full scope of the U.S. economy, among others, filed amicus briefs in support of the National Pork Producers Council ahead of the Supreme Court case to review California’s Proposition 12. The state law seeks to ban the sale of pork from pigs that do not meet the state’s arbitrary production standards, including pork from pigs raised on farms outside of California.

“We commend the Biden administration for taking action to stop ill-considered ballot initiatives like..."

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Jun 22 8:15 AM, General News


Six US Foods Drivers Inducted Into 2022 International Foodservice Distributors Truck Driver HOF

US Foods Holding Corp. announced today that six US Foods drivers were named to the 2022 class of the International Foodservice Distributors Association (IFDA) Truck Driver Hall of Fame.

The US Foods 2022 IFDA Truck Driver Hall of Fame inductees are:

- John Avery, years of service: 25
- Gregory Bernard, years of service: 29
- Steven Heeney, years of service: 35
- John Jelinski, years of service: 25
- Michael Markison, years of service: 29
- Michael Tischmak, years of service: 29

"We are delighted six US Foods drivers are being honored..."

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Jun 22 8:00 AM, General News


Popeyes® Celebrates 50 Years of Loving that Chicken

Y’all, Popeyes® just turned 50! That’s a lot of LOVE and a lot of signature chicken. The beloved southern brand was founded in 1972 by Al Copeland in New Orleans, and since its doors opened on June 12th, the brand has offered guests fried chicken and southern sides that mimic the delicious homemade food you would find walking into any kitchen in the south. Its Louisiana roots and bold Cajun flavors and seasonings have allowed the brand to stand out with fans against the competition for decades...

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Jun 21 10:10 AM, General News


Biden to Take Side on Gas Tax Soon

President Biden said Monday that he may make a decision within days on seeking a pause to the federal gasoline tax as Americans deal with soaring gas prices.

"I hope to have a decision based on the data I'm looking for by the end of the week," he said in Rehoboth Beach, Del.

Gas prices started increasing last year and surged following Russia's invasion of Ukraine, which disrupted the global oil market. The average cost of a gallon of unleaded fuel in the U.S. hit $4.98 on Monday, according to AAA...

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Jun 21 9:54 AM, Foodmarket


Cracker Barrel Old Country Store® Upgrades All-Day, Homestyle Breakfast Offerings with New Menu 

Cracker Barrel Old Country Store® announced today it is expanding its famous, all-day breakfast menu to offer even more variety and personalization. The new Build Your Own Homestyle Breakfast format allows guests to customize their experience just the way they want it. Further diversifying its breakfast offerings, Cracker Barrel is also adding Impossible SausageTM Made From Plants to the menu as its first plant-based meat option, as well as a Stuffed Cheesecake Pancake Breakfast for those looking for a sweet treat any...

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Jun 21 9:45 AM, General News


IHOP® Launches Exclusive All-day Minions Menu to Celebrate the Release of "The Rise of Gru"

Today, IHOP® announced the launch of the mayhem-loving, mischievous Minions to its menu. From now through August 21, guests are invited to enjoy IHOP’s limited-time summer items inspired by Illumination’s new film, Minions: The Rise of Gru (in theaters July 1). The crave-able menu features eight new food and beverage options and is available at participating IHOP locations nationwide.

“Illumination’s Minions have inspired our new menu this summer and have taken over IHOP, reimagining its menu with bananas..."

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Jun 21 9:15 AM, General News


Kellogg Company Announces Separation of Two Businesses as Next Steps in Portfolio Transformation

- The Company plans to separate into three independent companies, by spinning off its U.S., Canadian, and Caribbean cereal and plant-based businesses, which collectively represented approximately 20% of its net sales in 2021
- The remaining business, which represented about 80% of net sales in 2021, is focused on global snacking, international cereal and noodles, and North America frozen breakfast
- This transaction represents another bold action toward transforming Kellogg's portfolio to further enhance performance and value
- The proposed separations create greater strategic, operational, and financial focus for each...

 

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Jun 21 8:55 AM, General News


Cattle Industry Fights Controversial SEC Climate Rule

Today, the National Cattlemen’s Beef Association (NCBA) filed comments on the U.S. Securities and Exchange Commission’s (SEC) controversial proposed greenhouse gas disclosure rule. The rule would require publicly traded companies to disclose their direct (scope 1), energy/electricity consumption (scope 2), and supply chain emissions (scope 3), creating a burden on cattle producers who supply beef to publicly traded processors, restaurants, and retailers.

“With cattle producers facing record inflation, rising input costs and labor shortages, another bureaucratic rule from Washington is a burden we cannot afford,” said NCBA President Don Schiefelbein, a cattle...

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Jun 21 8:17 AM, General News


Pork Industry asks the SEC to Reconsider Climate Disclosure Rules for Farmers

The National Pork Producers Council (NPPC) filed comments today to the U.S. Securities and Exchange Commission (SEC) regarding its controversial reporting requirements proposal on climate-related disclosures for investors.

In its comments, NPPC and other agricultural groups requested that the SEC reconsider its application of burdensome and unnecessary climate disclosure requirements under Scope 3 of the proposed rules. As currently drafted, these requirements would overly burden American farmers, forcing them to take on costly and expensive reporting that will set back farm environmental performance, and would be in...

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Jun 21 8:06 AM, General News


NAMI to SCOTUS: Prop 12 Unconstitutional

In an Amicus Brief filed with the U.S. Supreme Court, The North American Meat Institute (Meat Institute) has urged the Court to reverse a lower court's judgement upholding California's Proposition 12 (Prop 12 or the law).

"A fundamental premise of our federal system is that each State is a sovereign laboratory of democracy, but only within its own borders," the Meat Institute said in its brief. "As a result, the Constitution denies California the authority to dictate the conditions under which farm animals must be housed outside California's borders...

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Jun 21 8:02 AM, Urner Barry


ANALYSIS: April’s Chicken Exports Bring Hint of Seasonality

Total chicken export volume through the end of April, while noteworthy, generally forged along a well-worn seasonal path...

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Jun 21 8:00 AM, Urner Barry







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