Father’s Day Spending Expected to Break Records

According to the National Retail Federation (NRF), records will be broken this Father's Day.

The NRF and Prosper Insights & Analytics showed that spending for Father’s Day would reach a record-high $22.9 billion, up from last year’s $20 billion and well over the previous record of $20.1 billion hit in 2021.

“Father’s Day remains a momentous occasion for Americans to honor the important men in their lives,” NRF President and CEO Matthew Shay said. “Consumers plan to celebrate the holiday in a big way this year, and retailers...

Chef Marcus Samuelsson Invests in Aleph Farms, Plans to Serve Aleph Cuts Cultivated Steaks

Aleph Farms, a cellular agriculture company designing new ways to grow quality animal products, today announced that Chef Marcus Samuelsson is joining the company as an investor, culinary advisor and launch partner. Through much of his rise to fame as the celebrity chef behind 13 restaurants around the world, a New York Times best-selling author and a TV personality, Samuelsson has been using his unique background to elevate diversity in the culinary world. As part of this designation, he will work closely...

Is Lunch Hour the New Happy Hour? Majority of American Workers Want to Socialize During Work Hours

Summertime is traditionally jam packed with activities, as people seek to spend more time outdoors, and companies host events for team bonding. But companies may want to hold off on adding another after-work activity to the calendar. New data released today from ezCater, the most trusted provider of corporate food solutions, revealed that 68% — over two-thirds of workers — said they’d prefer socializing with coworkers during their workday, rather than off the clock. ezCater’s survey uncovered how and when employees...

Bojangles is on a Special Mission to Benefit More Families than Ever with Newly Designed Big Bo Box

In a salute to the heroes who keep us safe, Bojangles is bringing back its special-edition, Folds of Honor-themed Big Bo Box for its third tour of duty – with a twist.

Folds of Honor, an organization focused on providing educational scholarships to families of fallen or disabled service members, has expanded its mission to include families of fallen or disabled first responders. To honor the expanded reach, Bojangles has designed a Star-Spangled Big Bo Box, boldly featuring a red...

National Pork Board Names New Senior VP for Market Growth

The National Pork Board (NPB) announced today that Dr. David Newman will assume the role of senior vice president for market growth effective June 19, 2023. In this role, Newman will lead the team of 16 professionals tasked with growing market demand internationally and domestically, as well as the organization’s health and nutrition research and outreach.

Newman is no stranger to the Pork Board and its work in these areas. He began his first of two three-year terms on the National Pork Board in 2016...

MyForest Foods Announces $15 Million Series A-2 Funding, Appoints Food Industry Expert as New CEO

MyForest Foods Co. today announced it has raised $15 million in Series A-2 funding to support its next chapter of growth and further bring its hero product, MyBacon, to more consumers across the East Coast. The round was led by MyForest Foods’ parent company, Ecovative Design.

The majority of the proceeds will be used to support MyForest Foods’ retail growth and foodservice presence as it expands its footprint across the Eastern Seaboard, including New York City. The company’s popular mycelium-based...

Technomic: How Historically High Inflation Impacted Top 200 Canadian Chain Restaurant Performance

Technomic released one of its most highly anticipated reports, the 2023 Top 200 Canadian Chain Restaurant Report, which includes expert findings and insights into the sales performance of Canadian chain restaurants in 2022. The report—built using decades of historical data—provides a detailed analysis of the foodservice industry and overarching trends, annual sales and unit counts by chain and segment.

“Total sales for Canada’s Top 200 chain restaurants hit $40 billion in 2022, improving by 15% compared to the prior year...

U.S. Department of Agriculture Announces Key Staff Appointments

The U.S. Department of Agriculture (USDA) today announced the names of individuals who will hold senior staff positions in Washington, D.C.

Rudy Soto has been appointed Acting Director of External and Intergovernmental Affairs

Rudy Soto has served as USDA’s Rural Development State Director for Idaho since January 2021. In this role, Soto has been instrumental in promoting economic development, increasing access to healthcare, and improving infrastructure in Idaho’s rural communities. Before that, Soto served as a legislative staffer in the U.S. House of Representatives, covering energy, environment, agriculture, and tribal affairs...

Taco Bell's Iconic Crunchwrap Goes Vegan

True Taco Bell fans have long been in the know on the extensive vegan and vegetarian options available through its customizable menu. After years of testing and tasting, the creative chefs behind the Taco Bell Test Kitchen unlocked the perfect recipe for its first fully vegan entree item: the Vegan Crunchwrap.

Just like how its original counterpart disrupted the quick service scene years ago, the Vegan Crunchwrap puts a new twist on what it means to enjoy vegan food. Craveable and convenient, the Vegan Crunchwrap...

ANALYSIS: A Suprising Season: Unraveling the Dynamics of the 2023 Pork Belly Market

As an industry, we have become accustomed to seeing a volatile pork belly market, especially during the warm weather months. However, this year we are seeing anything but that. Heavy skinless bellies have traded in a narrow range of only 6.7% from its highest weekly price average to its lowest weekly price average since the first week of April. This competes with 29.2% in...

UB Consulting: Are Consumers Facing Credit Issues?

According to the Q1 NY Federal Reserve Bank’s Household Debt and Credit Report, total household debt increased by nearly 1 percent from Q4 2022 to $17.05 trillion, an all-time high. On a quarter-to-quarter basis, credit card loans remained flat, totaling $986 billion. These figures raised concerns for many analysts, mainly as outstanding consumer credit card loans typically shrink during these times as consumers try to pay off holiday shopping expenditures paid by credit cards. Despite robust retail sales data, recent credit reports have sparked...

CDFA Addresses Questions for End-Users in Proposition 12 Webinar

The California Department of Food and Agriculture’s Animal Care Program is hosting a series of webinars reviewing the regulations and requirements of Proposition 12, which the Supreme Court upheld on May 11, 2023.

The first of three webinars titled “End-Users – retailers, restaurants, food processors” took place on Tuesday, June 6 at 2:00 p.m. Eastern time. The speakers included Dr. Elizabeth Cox, Animal Care Program Manager at the California Department of Food and Agriculture (CDFA), and Dr. Annette Jones, Director of the Animal Health and Food Safety Services Division at CDFA... 

The Retail Rundown: Attractive Pork Features Could Entice Consumers This Summer

Competitive retail pork prices this summer could entice more consumers to favor pork over other proteins, especially as beef production continues to decline due to tightening cattle supplies.

Retailers are still aggressively promoting beef, which make up 29.9% of total retail buying opportunities. Seafood closely follows with 28.7%, while pork ranks third at 21.3%. Chicken has 14.4% of total ad space, down about 3% from the week prior. 

Within pork, brand-label bacon features make up the majority of features this week. According to the latest Circana data for...

Aussie Beef Mates Delegation Boosts International Appetite for Australian Beef

The eyes of the world are on Australian beef, as international chefs converged on Sydney and regional NSW as part of the Aussie Beef Mates delegation.

Organised by Meat & Livestock Australia (MLA) in collaboration with Investment NSW, the Aussie Beef Mates delegation ran from May 28 to June 2, with the international visitors being immersed in all things beef from the paddock to the plate.

The program ran for the first time this year. During this visit, 16 chefs and food professionals visited NSW from countries including China...

FMI Study Finds Grocers Poised to Jumpstart Innovation with Supplier Partners

More than 80% of respondents to a recent FMI survey of industry executives for its report, The Power of Private Brands 2023: Innovation that Drives Winning Private Brands, said they plan to increase private brand investments moderately or significantly in the next two years, which helps set the stage for more innovation opportunities. The analysis suggests, at the same time, only 10% of the executives responding said their organizations are “very far along” with innovation, indicating opportunities for progress, even after considerable successes.  

“After temporary pauses to some...

With Popeyes Blackened Chicken Sandwich, There’s a Sandwich for Everyone, Everyday

Today, Popeyes® announces there is now a sandwich for everyone, everyday with the Blackened Chicken Sandwich hitting restaurants across the US and Canada. The breading-free, flavor-full sandwich is the first permanent addition to the chicken sandwich family since its iconic launch in 2019. As guests seek more variety, Popeyes is also introducing a Bacon and Cheese add-on to any sandwich, giving guests multiple mouth-watering options when craving a high-quality chicken sandwich. Popeyes Blackened...

YOU'RE INVITED: McDonald's Celebrates Grimace's Birthday with Special Meal & Shake

Whether you've attended an epic party at the PlayPlace or swapped the fancy dinner for what you were really craving (hello, McNuggets), we know birthdays with McDonald's hold a special place in our fans' hearts. Now, we're inviting everyone to create new birthday memories with us... this time, in honor of their fuzzy purple bestie. Get your party hat ready, 'cause we're celebrating Grimace's birthday.

Starting June 12, fans can get in on the festivities with the Grimace Birthday Meal* – featuring a limited-edition purple shake inspired by...

JBS Generates Energy from Methane and Reduces by 65% the Direct CO2 Emissions of Friboi

JBS, one of the world's largest food companies, is installing biodigesters to provide a new outlet for the methane gas emitted in its industrial operations: the production of biogas, a renewable and clean energy source. The first phase of the initiative covers the nine Friboi units and reduces by 65% the business's scope 1 emissions, representing a reduction of 24.6% in scope 1 emissions across all JBS activities in Brazil. With a R$ 54 million investment, this is the largest project of its kind...

Nearby Wheat Futures Hit Three-Week High After Destruction of Ukrainian Dam

Nearby wheat futures on the Chicago Mercantile Exchange gained over 3% following the destruction of the Russian-controlled Nova Kakhovka dam in southern Ukraine Tuesday morning. 

July wheat was trading 20 cents higher at $6.43 ¾ a bushel as of this writing, the highest level since May 16. The latest attack raised additional concerns over global supplies and export capabilities from key grain producers Ukraine and Russia. 

The Nova Kakhovka dam spanned the Dnipro River and supplied water to the Crimean Peninsula along...

Natural Grocers Prepares Customers for a Sizzling Summer with 'Art of Grilling' Event

Natural Grocers®, the largest family-operated organic and natural grocery retailer in the U.S., kicks off grilling season with a weekend of sizzling savings and freebies at this year's 'Art of Grilling' event, June 9 – 11, 2023. Customers can also take part in a fun summer giveaway, give back to their communities, and try nutritious grilling recipes all month long.

THE ART OF GRILLING WITH NATURAL GROCERS

Natural Grocers believes in prioritizing the planet by offering only humanely raised meats and 100% organic produce. When customers grill with products purchased at Natural Grocers, they can be assured they are supporting local farmers, ranchers, fishermen and women who protect waterways, regenerate grasslands, reverse soil erosion and preserve habitats for future generations.

Hormel Foods Presents Food-Forward Solutions to Meet Consumer Entertaining Needs at Int'l Show

The deli of the past is not the deli of the future. It's no longer a place where consumers merely order a pound of their favorite protein sliced to a desired thickness. Today, terms like "charcuterie" and "artisanal" are heard just as often as classic phrases like "half pound" and "paper thin."

Deli products are gaining footholds in the consumer marketplace, quickly becoming the primary food solution for consumers' entertaining needs. That is precisely why Hormel Foods Corporation (NYSE: HRL) will be showcasing its extensive portfolio...

Papa John’s International Acquires Drake Food Service International’s Restaurants in the UK

Papa John’s International, Inc. (NASDAQ: PZZA) (“Papa Johns” or “Company”) today announced the acquisition of restaurants previously operated by the M25 division of Drake Food Service International (DFSI) in the United Kingdom. The transition of restaurants will establish a portfolio of Company-owned restaurants in the market. Financial terms of the transaction were not disclosed.

“The U.K. is important within our international footprint with the largest number of stores outside of North America, strong brand awareness with consumers and potential for long-term growth as we still have...

DEKA Trading Corp. Recalls Ineligible Ready-To-Eat Pork Rind Products Imported from Guatemala

DEKA Trading Corp., the importer of record located in Miami, Fla., is recalling approximately 13,771 pounds of imported ready-to-eat pork rind products. The products were imported from Guatemala, a country ineligible to export meat products to the United States, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The following products are subject to recall, regardless of the product date:

- 5.3 oz. (150g) foil pouch packages containing “TorTrix Con Chicharrón...

J.T.M. Provisions Company Recalls Frozen Beef Chili Products Due To Possible Contamination

J.T.M. Provisions Company, a Harrison, Ohio establishment, is recalling approximately 22,530 pounds of frozen, ready-to-eat beef chili with beans products that may be contaminated with extraneous materials, specifically white plastic, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The frozen, ready-to-eat beef chili with beans items were produced on February 27, 2023. The following products are subject to recall:

- 30-lb. case of “CHILI WITH BEANS” containing six 5-lb. boilable bags of “CP5309 CHILI WITH BEANS” with...

Oil Prices Jump After Top Oil Exporter Saudi Arabia Announces Production Cuts

Oil prices jumped on Monday after Saudi Arabia, the world's top oil exporter, announced that it will implement a voluntary cut in its production of crude oil by one million barrels per day, according to the Ministry of Energy. The reduction will start in July for a month and can be extended. 

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) did not make any changes to its planned oil production cuts for this year. OPEC+ announced that it will limit...

ANALYSIS: Chicken Production Crystal Ball: All But Crystallized

In the absence of any immediate or obvious shifts in the chicken marketing environment following Memorial Day, participants are gazing down the road and formulating their plans and expectations for the second half of the year...

CDFA Releases Guidance on Pork Sales Following Proposition 12 Ruling

The California Department of Food and Agriculture’s Animal Care Program released an FAQ related to pork sales following the Supreme Court’s decision to uphold Proposition 12. 

The housing requirements for a breeding pig under Proposition 12 went into effect on January 1, 2022.  Enforcement of that provision was enjoined in February 2022 but that injunction is set to expire on July 1, 2023. 

An important dates guidance can be found here. Moreover, a list of previous implementation dates and the upcoming deadline of January 1, 2024, after which producers and distributors are required...

Aldi Launches 30-Minute Delivery with New Instacart-Powered Virtual Convenience Store

Instacart, the leading grocery technology company in North America, and ALDI, one of America's fastest-growing retailers, today announced ALDI Express, a new Instacart-powered virtual convenience store, that gets ALDI-exclusive products to customers' doors quicker than ever. From convenience items such as prepared foods, snacks and drinks to grocery staples and household essentials, ALDI Express gives customers access to nearly 2,000 of the most-shopped ALDI items, delivered in as fast as 30 minutes. ALDI Express convenience delivery is now available to customers from more than...

E.N.A. Meat Packing Inc. Recalls Frozen, Raw Lamb Products Imported Without Benefit of Reinspection

E.N.A. Meat Packing Inc, the importer of record located in Paterson, N.J., is recalling approximately 39,947 pounds of frozen, raw lamb products that were imported without the benefit of import reinspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The frozen, raw lamb items were produced on Feb. 22 through March 13, 2023. The following products are subject to recall:

- Cartons weighing approximately 40-lb., containing raw frozen pieces of “Simunovic S.A. Frozen Bone in Lamb Leg ABO” produced by...

Ben E. Keith Foods Announces Acquisition of Orrell's Food Service

Ben E. Keith Foods proudly announces the purchase of Orrell's Food Service, Inc. The acquisition, includes all assets of Orrell's Food Service - - including the 106,000 square foot distribution center in Linwood, NC, as well as JEM Foods, Inc., a meat processing plant, also located in Linwood. This acquisition will create the tenth division of Ben E. Keith Foods across 19 states.

"The acquisition of Orrell's allows Ben E. Keith Foods to continue its expansion into North Carolina, serve new and existing customers, and provide additional opportunity for our employees...

ANALYSIS: Cash Cattle Market Kicks Off New Month With Fresh Record Highs

This week’s cash cattle trade started off with a bang on Thursday as prices advanced by as much as $9 per cwt from the week prior. Negotiated prices in the South reached $180 per cwt, a new high for the year as well as a record high level for the Texas/Oklahoma region.  

In the North, live prices achieved $188 per cwt, also a fresh record high. Dressed sales climbed to $292.50 per cwt in Nebraska, approaching the all-time record of $298...

Dollar General Prunes Annual Outlook as Shoppers Curb Spending; Shares Slide

Dollar General Corp cut its sales and profit forecasts for the year on Thursday as Americans, pinched by higher prices, shopped more for essentials and pared back purchases in categories including home goods and clothes, leading its shares down as much as 20%.

The discount store chain saw traffic to its stores decline during the quarter as its low- to middle-income customer base shifted away from discretionary goods like clothing and houseware - a challenging trend seen across retailers...

Grain Futures Recover at Midweek As Traders Eye U.S. Crop Conditions, Weather

After plummeting by over 40 cents on Tuesday and making a new low for the year, soybean futures on the Chicago Mercantile Exchange rebounded at midweek and closed 3 ¼ cents higher at $12.99 ¾ per bushel.

Corn and wheat futures also recovered on Wednesday, lifted in part by short-covering. July SRW wheat settled 3 ¼ cents higher at $5.94 ¼ per bushel after falling to a multi-year low earlier that day.

July corn ended flat at $5.94 per bushel yesterday and was last trading 7 cents higher at $6.01 per bushel in...

UB Consulting: Will Chicken be the Winner in a Potential Economic Downturn?

Our findings presented here serve as an update on a previously published whitepaper from April 10, 2023, after revising our forecasts.

Concerns over the economic well-being of consumers remain a hotly debated topic—and rightly so. Over the last 18 months, consumers and producers have been experiencing persistent high inflation levels. The pandemic created a perplexing situation concerning consumers' protein intake. Given the combination of higher incomes, excess savings accumulated during the pandemic, and the economic shutdown—consumers could purchase...

ANALYSIS: April Turkey Cold Storage: A Product of the Times We're In

For turkey market participants, April’s latest Cold Storage Report was quite the sight to behold, but it wasn’t particularly unexpected...

U.S. Sues Poultry Distributor To NYC Food Carts, Owners For Selling Uninspected Products

Damian Williams, the United States Attorney for the Southern District of New York, and Paul Kiecker, the Administrator of the Food Safety and Inspection Service of the U.S. Department of Agriculture (“USDA-FSIS”), announced that the United States has sued N and M Food Wholesale Supply, Inc. (“N&M”) and its owners AHMED OMAR, ELSAYED HALIM, and ASHRAF MOUSA (collectively, the “Defendants”) for repeatedly preparing and selling uninspected or misbranded poultry products in violation of the Poultry Products Inspection Act (“PPIA”). The U.S. has simultaneously entered...

Albertsons Companies Consolidates its Signature Family of Brands Under Signature SELECT®

Albertsons Companies, Inc. announced today that it will rebrand its Signature Farms®, Signature Care™ and Signature Cafe® products under one master brand, Signature SELECT, which features a refreshed, modern logo, bold packaging and a new marketing campaign designed to build an emotional connection with customers. The transition to Signature SELECT is currently underway across stores including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s and more, and is expected to be complete in early 2024.

“Signature SELECT is our flagship brand offering shoppers an incomparable assortment of...

Panera Launches Drive-Thru Pick-Up Nationwide

Today, Panera announces the nationwide launch of Drive-Thru Pick-Up, combining the ease of the digital ordering experience with the comfort and convenience of the drive-thru window. Guests can now choose the Drive-Thru Pick-Up option when ordering ahead on the Panera app or website to get their favorite Panera order at the Drive-Thru without leaving their vehicle. To celebrate the national launch, starting tomorrow, June 1 through June 30, any MyPanera member ordering Drive-Thru Pick-Up will receive $5 off any order of $15 or...

Cargill to Sell China Poultry Unit to Private Equity Firm DCP Capital

U.S. agribusiness giant Cargill said it is selling its poultry business in China to private equity firm DCP Capital, exiting a Chinese meat market that has become increasingly challenging, especially for foreign players.

The sale of the unit known as Cargill Protein China is subject to regulatory approvals but is expected to close this year, Cargill said in a statement on Wednesday.

It did not give a transaction price and DCP declined to comment on the deal.

China is the world's No.2 poultry producer after the...

Lean Hog Futures Boosted by Deeply Oversold Signals 

Following steep declines to fresh contract lows in recent sessions, lean hog futures on the Chicago Mercantile Exchange (CME) closed sharply higher on Tuesday.

The June through August contracts locked in limit gains at the close and reversed Friday's declines, aided in part by deeply oversold signals. June closed at $80.825 while most-actively traded July settled at $79.525.

Hog futures may have been due for a technical correction after being overdone to the downside, said livestock dealers and market managers.

On the year so far, the nearby hog contract...

Perkins Restaurant & Bakery Appoints Diana Garcia-Lorenzana Vice President of Marketing

Perkins Restaurant & Bakery®, a leading family-dining restaurant for more than 60 years, has named industry veteran Diana Garcia-Lorenzana as Vice President of Marketing. She is a results-oriented marketer that will lead the Perkins marketing team in building loyalty with a younger consumer audience base, reaching consumers digitally and conveying the brand’s legacy story.

Garcia-Lorenzana joins Perkins Restaurant & Bakery® from Darden Restaurants, where she was VP of Digital Marketing and CRM. While at Darden...

Corn Plantings Near Completion, Soybeans Advance to 83%

Corn plantings in the latest week were reported at 92% completion, up from 81% the previous week and above the 5-year average of 84%.

Iowa and Missouri are nearly wrapped up with their corn plantings, each reporting 98%. North Carolina has 99% of its corn in the ground.

Corn emergence increased to 72% in the latest report, up 20 percentage points from the week prior. Emergence remains ahead of both the year-ago progress (58%) and the 5-year average (63%).

Nearby corn futures on the Chicago Mercantile Exchange were last trading...

MamaMancini’s to Launch Mama’s Creations, a New International Deli Foods Platform Brand

MamaMancini's Holdings, Inc. a leading national marketer and manufacturer of fresh Deli prepared foods, today announced the launch of Mama’s Creations, a new international deli foods platform brand, at IDDBA 2023 taking place June 4-6, 2023 in Anaheim, California.

The International Dairy Deli Bakery Association (IDDBA) is a nonprofit trade association for food retailers, manufacturers, wholesalers, brokers, distributors, and other industry professionals. The IDDBA annual tradeshow attracts more than 10,000 attendees and serves as a vital networking for the industry.

Mama’s Creations is a new platform brand...

7-Eleven, Inc. Heats Up Summer Menu with Mouthwatering Wings

The kickoff to summer just got even hotter! 7-Eleven, Inc. is gearing up for the best season of the year with piping hot wing deals and a brand-new, mouthwatering flavor. From smokey to sweet and roasted to savory, the world's largest convenience retailer has wings to satiate every wingman – and wing-woman's – cravings…and wallet:

• Glazed BBQ Classic Wings: Classic bone-in wings just got a new BBQ flavor! Featuring a smoky-sweet glaze with notes of garlic, paprika, pepper and tomato, these wings are seasoned, coated and...

BurgerFi Names Carl Bachmann as CEO

BurgerFi International, Inc., owner of leading fast-casual brand BurgerFi and the casual dining pizza brand Anthony’s Coal Fired Pizza & Wings, recently attracted industry veteran Carl J. Bachmann from a larger burger chain and appointed him as CEO for their organization. Bachmann, who will start with the Company on July 10th, is a career restaurant professional with extensive experience in both the burger and pizza spaces. He has served in various leadership roles and has an established record of growing brands and helping them remain competitive.

“Carl brings a wealth of experience and knowledge...

AAMP Welcomes Kentucky Association Of Meat Processors As State Affiliate

The American Association of Meat Processors (AAMP), North America's largest meat trade association, welcomes the Kentucky Association of Meat Processors (KAMP) as its newest state affiliate. AAMP now has 30 state and regional associations among its affiliates.

“KAMP was formed to create a network of meat processors operating in Kentucky to allow for better communication of information pertinent to our industry, the open exchange of ideas and challenges, and closer ties between processors. KAMP will work to represent processors across the state in helping solve issues that face the industry,”...

ANALYSIS: UK Beef Cutouts Continue to Firm

As the weather improves and market participants see an increase in orders for BBQ items, PGI, UTM, and OTM cutouts have been firming.

Let’s have a look at some of the items that are contributing to the cutout performance.

Chuck Rolls prices were well maintained in the last three weeks across PGI, UTM and OTM, with PGI seeing some trades at a record high £7/Kilo during this period. While featherblade prices had cooled off throughout April and into May in line with seasonality, we are currently seeing some trades...

Jumping on June's Next Retail Occasion 

Now that June is within reach, grocers are preparing for the next major grilling event—Father's Day, which is just over two weeks away. 

Consumers often seek out premium cuts of meat like steaks for Father's Day as opposed to lower-cost options such as burgers, which are typically favored to feed large gatherings during Memorial Day.

This could provide a needed boost for the steak complex, which saw a slowdown in total sales dollars last week. According to the latest Circana data, fresh beef loin retailed at $13.54 discounted (up 39 cents from last week)...