Trump Announces US-Indonesia Trade Agreement, Offers Few Details
President Donald Trump announced on Tuesday that the United States has reached a new trade agreement with Indonesia, a key agricultural partner. However, he provided few details about the scope or substance of the deal.
“Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President,” Trump said.
On July 7, Trump sent a letter to Indonesian President Prabowo Subianto stating that Indonesia would face a 32% tariff rate on all Indonesian goods imported into the US, as part of the initial wave of Trump tariff...
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NCC Shares USDA’s Goals to Further Reduce Foodborne Illness
U.S. Secretary of Agriculture Brooke L. Rollins today announced a comprehensive plan to bolster the U.S. Department of Agriculture’s (USDA) efforts to combat foodborne illness while speaking at the opening of USDA’s new, modernized Midwestern Food Safety Laboratory in Normandy, Missouri.“President Trump is committed to ensuring American consumers have the safest, most abundant, and affordable food supply in the world. When it comes to food safety, USDA is charting a bold new course in giving consumers confidence their meat, poultry, and egg products meet our...
National Restaurant Association Applauds Trump Tax Bill for Boosting Industry Jobs and Growth
President Donald Trump’s One Big, Beautiful Bill features tax policies that will assist the restaurant and foodservice industry, the National Restaurant Association said.
The group stated that the bill will enable restaurant owners and operators nationwide to “create jobs, invest in their business, and provide certainty for their local economies.”
“The restaurant industry is a powerful economic engine – generating over $1.4 trillion in annual economic activity and employing more than 15 million people nationwide,” said Michelle Korsmo, President & CEO of the National Restaurant Association...
Why Expana’s New Beef Forecast Deserve Your Attention
In a strategic move to bolster its comprehensive red meat market coverage, Expana is introducing a new price forecast for US 167A 4 Round, Knuckle, Peeled Beef.
While the company already delivers over 300 red meat price forecasting series, this new addition seals a crucial gap for stakeholders whose contracts and margins hinge on cut-specific pricing.
“Forecasting is essential for businesses looking to better understand market dynamics and to make better commercial decisions,” explained Bruno Whittaker, Forecast Analyst at Expana.”
“Our forecasts are built on historical...
Wayne-Sanderson Farms Named the "Official Chicken of the Southeastern Conference"
Wayne-Sanderson Farms, one of the nation's leading poultry producers, today announced a new multi-year sponsorship as the "Official Chicken of the Southeastern Conference (SEC)." This exciting collaboration unites two Southern icons, bringing delicious chicken and unforgettable experiences to college sports fans across the region.
"Wayne-Sanderson Farms is thrilled to team up with the SEC, a conference that shares our commitment to excellence and community," said Kevin McDaniel, President and CEO of Wayne-Sanderson Farms. "With 26,000 employees and...
US Tariffs on Brazilian Imports Spark Cross-Commodity Concerns
On July 9, US President Donald Trump moved to raise tariffs on Brazilian imports to 50% starting August 1—up sharply from the 10% rate imposed in early April—sparking concerns in global markets, with potential ripple effects across commodities like orange juice, beef, coffee, sugar, and seafood.
These trade measures are raising alarms in export-dependent sectors and among US importers, with market participants saying the implications could be wide-ranging.
Brazilian President Luiz Inácio Lula da Silva said the country would respond to the newly announced tariff...
Applebee’s Expands 2 for $25 Menu with New Entrées
Applebee’s is adding new options to its long-running 2 for $25 value menu, continuing a strategy that dates back to its original 2 for $20 deal launched in 2008. The offer aims to deliver accessible pricing amid shifting consumer demand and rising food costs.
The latest limited-time additions include two new entrees and a fan favorite:
ANALYSIS: Broiler Production Grows Steadily as Demand Advances
Broiler-type production posted modest growth in May, with 876 million chicks hatched, up 1 percent from the prior year. Eggs in incubators as of June 1 also rose 1 percent to 756 million, indicating stable short-term supply. However, pullet placements for future hatchery flocks declined 0.7 percent year-over-year. While this suggests a cautious outlook by producers, it may also reflect ongoing challenges with hatchability, which has trended historically low in recent months and continues to limit breeder productivity.
Domestic chicken demand remains strong, underpinned
ANALYSIS: Growth of Brazilian Beef Exports to the Mexican Market
The Mexican beef import market showed a notable surge in Brazil's export volumes in June 2025, with levels reaching the highest point since the initiation of the Package Against Inflation and Scarcity (PACIC, acronym in Spanish) in 2022, which eliminates tariffs on beef imports from Brazil. Data reveals a significant uptick, with June 2025 exports reaching 16,170 metric tons, a clear contrast to the 3,666 metric tons recorded in June 2024 and the 76 metric tons in June 2023. This escalation reflects...
ANALYSIS: US Retail Ground Beef Prices the Week Before the Fourth of July Year-Over-Year
With cattle slaughter levels being lower and beef rising in price, for most items at the retail level grinds were no exception. The Fourth of July is a holiday widely known for its grinds demand historically at the retail level. This year, grind prices towered over 2024 levels for discounted and non-discounted values at the retail level. The percentage increase for the total average price for all blends, non-discounted and discounted, was...
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Trump Announces 30% Tariffs on EU and Mexico as Trade Tensions Persist
President Donald Trump has expanded his administration’s tariff policy, targeting the European Union and Mexico with newly announced 30% tariffs on all products imported into the United States.
On July 11, Trump formally notified the leaders of both trading partners about the new rates via letters.
In response, the European Union announced yesterday that it will extend its suspension of retaliatory measures against U.S. tariffs until early August, signaling a willingness to continue negotiations with the Trump administration in hopes of reaching a new trade agreement...
JBS Invests More Than US $7 Million in Traceability and Support for Small Producers in Pará
JBS has invested more than US$ 7 million in cattle traceability and support for small producers in Pará, as part of a pioneering state program that aims to trace the entire herd of cattle and buffaloes in the region by the end of 2026. The results of JBS's initiatives were presented during the "Expedition to the Sustainable Meat and Leather Market of Pará," an event promoted by the Nature Conservancy (TNC) Brazil.
The initiative is part of a broader collation involving...
Trump Announces August 1 Tariffs — Here's the Complete List
Global leaders are receiving news on their countries' US tariff rates this week, as President Donald Trump dispatched approximately 20 letters by Wednesday afternoon.
The tariff rates, which range from 20% to 50%, are set to take effect on August 1, unless new negotiations or trade deals are reached in the coming weeks. Trump signed an executive order establishing an August 1 deadline for implementing his “reciprocal” tariffs. He remained firm on social media, emphasizing that it marked the final cutoff for any new trade agreements...
Trump Letters Reveal August 1 Tariff Rates for Key US Trading Partners
The Trump administration was busy after the Fourth of July holiday, as the President sent out a litany of letters to US trading partners revealing what their tariff rate would be starting on August 1.
Over the weekend, President Donald Trump and members of the administration announced that letters would begin rolling out showcasing new tariff rates for countries. The letters came at a rapid pace on Monday afternoon, with messages dispatched to the leaders of Japan, South Korea and South Africa, to name a few...
Conagra Posts Decline in Sales and Profit for Q4 and FY2025
Conagra Brands has reported financial results for both the fiscal year and fourth quarter.
For the quarter, net sales declined 3.5%, driven by a 2.5% drop in volume and a 1.0% negative price/mix impact. Gross profit fell 12.1% to $707 million, as margins were pressured by inflation and weaker sales. Net income was $256 million ($0.53 per share), while adjusted EPS came in at $0.56. Adjusted EBITDA totaled $544 million.
For fiscal year 2025, net sales declined...
ANALYSIS: Brazil’s Latest Tariff Blitz Set to Redraw US Beef Import Landscape
Washington’s sudden decision on July 9 to impose a 50% tariff hike on Brazilian beef imports, effective August 1, is rattling the world’s largest beef market and potentially disrupting one of its largest supply lines.
Brazil accounted for nearly 30% of the United States (US) imported frozen boneless beef so far in 2025, making this tariff a seismic shock to American buyers and suppliers.
Brazil already faced a 26.4% out-of-quota tariff after taking a significant role in filling the 65,000 metric tons (mt) “other country” beef...
ANALYSIS: Seasonally Elevated Egg Product Values Begin to Ease
After reaching all-time highs earlier this year across nearly every category, the egg products market is now showing signs of correction. A combination of seasonal softness and fundamental market shifts is placing downward pressure on values in the liquid, frozen, and dried segments.
Earlier in the year, prices for whole egg, whites, and yolk surged in response to the supply shock caused by HPAI, which sharply reduced the availability of shell eggs during a time of strong demand from schools, institutions, and commercial bakers...
ANALYSIS: US 2025 Top Butts Set Record Highs
As we move deeper into summer and the last major grilling holiday before Labor Day is behind us, it’s a good time to revisit a 2025 standout: the top sirloin butt.
With constrained supplies heading into grilling season, many retail and foodservice buyers turned to top butts as a more economical alternative to ribeyes and strips. However, reduced cattle slaughter and record-high cash cattle prices pushed boxed beef values higher across the board, even for these “value cuts.”
In late June, the...
BayWa Confirms Most Severe Crisis in Company’s History
BayWa has confirmed that the 2024 financial year was marked by the most severe crisis in the company’s history.
“In the summer of 2024, BayWa AG found itself in a debt and liquidity crisis that threatened its very existence, whereupon comprehensive reorganization measures were initiated and a reorganization opinion on the future viability and continued existence of the BayWa Group was commissioned,” the company said in its annual report.
As part of its ongoing restructuring strategy, BayWa has sold a 47.53% stake in...
Tariff Talks 2025: Expana's Weekly Rundown #17
Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.
Click to read "Tariff Talks 2025: Expana's Weekly Rundown #17."
This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...
This week, reciprocal tariffs were re-announced in the form of letters from the US Trump administration to trading partners who could not reach a trade deal within the previously granted 90-day pause...
Global Appetite for Australian Red Meat Continues at Pace: New Records in Exports for FY2024–25
Australia’s red meat industry exported new record volumes of beef and mutton in the 2024-2025 financial year.According to Meat & Livestock Australia (MLA), total beef and veal exports for the financial year reached 1.4 million tonnes, the highest annual volume ever. Mutton exports also hit a new record at 256,104 tonnes. Lamb exports totalled 363,109 tonnes, making it the second-largest financial year for lamb exports.
June 2025 alone saw 134,593 tonnes of beef exported, marking the highest...
ANALYSIS: US Broiler Exports Slide in May as Seasonal Trends Reverse
US broiler exports totaled 509.9 million pounds in May 2025, reflecting a 7.1% decline year-over-year (YOY) and a 7.4% drop month-over-month (MOM). Notably, this monthly contraction stands in contrast to the five-year average MOM increase of 2.4% for May, indicating that this year's performance underdelivered compared to historical seasonal trends.
Mexico led all destinations, with the region absorbing 130.8 million pounds of US chicken in May. MOM movement rose 9.5% which is a stronger-than-typical increase compared...
ANALYSIS: Volatile Market Conditions Shape US Turkey Exports in May
May’s export report showcases a volatile turkey export market. The total values follow a very similar trend as in past months, with a lower year-over-year (YOY) volume and a below-average month-over-month (MOM) change. This is primarily driven by the Mexican market, while the others show quite a bit more variability.
Based on the 5-year average, Mexico generally accounts for 69.2% of the total volume of turkey exported from the US during the month of May. This past May, they accounted...
Mixed Wheat Prospects for Russia, Says Expana Crop Analyst
As of July 10, total wheat production in Russia (including Crimea but excluding the other Russian-occupied territories of Ukraine) is forecast slightly up by 1% compared to the 2024 harvest, at around 83.2 million metric tons (mt), up from 82.6 million mt in 2024 and below the five-year average of 87.7 million mt, said Aurélien Blary, Crop Analyst, Expana.
According to Blary, the winter wheat harvest is picking up pace in Western Russia as rainfall is easing in the region.
USDA Responds to New NWS Case with Livestock Trade Restrictions
On Tuesday, reports emerged of a new case of New World Screwworm (NWS) in Ixhuatlán de Madero, Veracruz, Mexico. This detection is located approximately 160 miles north of the current sterile fly dispersal grid and about 370 miles south of the US–Mexico border.
Earlier cases were reported in Oaxaca and Veracruz in May, prompting the closure of US ports to Mexican cattle, bison, and horses. At the end of June, the USDA announced a phased reopening strategy to begin...
Burger King Invites Guests to Shape the Menu with New “Whopper by You” Platform
Staying true to its promise, Burger King is giving guests the chance to quite literally “Have it [Their] Way” all summer long.
Beginning July 15 and for a limited time, fans can submit their dream Whopper builds via the brand’s new interactive “Whopper by You” platform.
To kick off the campaign, BK is rolling out its first guest-inspired creation: the BBQ Brisket Whopper and BBQ Brisket Whopper Jr.
The BBQ Brisket Whopper features slow-cooked BBQ brisket, crispy onions, American cheese...
Letter to Brazil: Trump Cites "Witch Hunt" While Charging 50% Tariff
US President Trump has charged 50% tariffs on Brazilian imports to the States, according to a letter to Brazilian President Lula.
This week, reciprocal tariffs were re-announced in the form of letters from the US Trump administration to trading partners who could not reach a deal within the previously granted 90-day pause. And what a fun week it's been for tariffs' "watchers on the wall."
Letters to 22 trading partners were sent with new tariff rates that will be implemented on August 1...
Trump Tariff Letters Continue to Roll Out; Philippines Faces 20% Tariff
President Trump has sent a new batch of letters to several countries, including the Philippines, notifying them of new US tariff rates set to take effect on August 1, giving them a short window to renegotiate trade terms before the deadline.
On July 8, Trump stated that a minimum of seven countries would be released, with an additional group to be released in the afternoon.
Despite multiple tariff implementation delays already, Trump was steadfast and set August 1 as a hard deadline in a social media...
Former USDA Economist Looks at How Trade Disputes and Geopolitics Are Reshaping Agri-Food
As global supply chains face intensifying pressure from geopolitical tensions, climate variability and shifting consumer demands, agri-food leaders are constantly rethinking their procurement strategies.
At Expana’s Agri-Food Americas event on September 23-24 in Chicago, these themes take center stage in the panel discussion “How Geopolitical Uncertainty, Tariffs, and Trade are Impacting Food & Ag”.
Conflict and policy shifts can destabilize your supply chain and disrupt sourcing. This panel will offer expert insights into international affairs so you can adapt quickly...
Kraft Heinz to Sell Italian Infant and Specialty Food Brands to NewPrinces
Kraft Heinz has entered into a definitive agreement to sell its infant and specialty food business in Italy to NewPrinces S.p.A., one of the country's leading food and beverage companies. The transaction, which is subject to regulatory review and approval, is expected to close by the end of 2025.
Under the terms of the agreement, NewPrinces will acquire several of Kraft Heinz’s legacy Italian brands, including infant food labels Plasmon, Nipiol, and Dieterba, as well as specialty food brands Aproten and Biaglut.
ANALYSIS: US Boneless Beef Imports Fall in June After a Rush in May
The US imported 81,285 metric tons (mt) of boneless beef in June, according to the latest Food Safety and Inspection Service Report. Compared to May, this is a decrease of 8,420 mt or 9.4%. Volumes in May grew as market participants worked quickly to get material in the country before the new tariff implementation.
June posted a jump of 23,787 mt or 41.4% year-over-year (YOY), with 2025 continuing to stay well above 2024 levels. As...
ANALYSIS: Pork Exports Drop in May with Offsetting Gains from Mexico and South America
In May, total US pork exports declined 3.7% year-over-year with the month-over-month total also lower 3.1% versus April.
Mexico, continued to be the top destination, booking 218.4 million pounds, up 6.4% month-over-month and 3.9% year-over-year. Even though volumes cooled slightly from March to April, year-to-date exports remain near the record-breaking levels of 2024. The United States Meat Export Federation (USMEF) attributes the upswing not to tariff shifts, but to strong Mexican demand and competitive...
The Retail Rundown: Retailers Push Value to Maintain Protein Momentum
Retail meat clearance over the Independence Day holiday was generally strong, with consumers stocking up on grilling staples for the summer’s flagship cookout occasion.
With few major buying events remaining this summer, grocers will likely push aggressive features and highlight value finds to sustain shopper engagement through the dog days of summer.
Post-holiday protein advertisements show seafood maintaining the lead at 33.1% of retail features, followed by beef at 25.1% and pork at 21.5%. Chicken accounted for 16.2%, while turkey fell to just 2%—half of the previous week's...
Wendy’s Names Interim CEO Amid Leadership Changes
Wendy’s announced the appointment of its Interim CEO Tuesday, following reports of its current President and CEO, Kirk Tanner's resignation. Tanner will depart for The Hershey Company effective July 18.
In response, the Wendy’s Board of Directors has launched a comprehensive search process to identify a permanent CEO.
Meanwhile, Chief Financial Officer Ken Cook has been appointed by the Board to serve as Interim CEO until Tanner’s successor is in place.
"It has been a privilege to lead Wendy's, an iconic brand, and I leave with a sense of gratitude...
JBS Ships First Beef Cargo to Vietnam
JBS has exported 27 tons of beef to Vietnam, the Brazilian company said. This is the first shipment to the country by JBS. The beef originated from JBS’ Mozarlândia plant, one of the two plants recently authorized for beef exports to Vietnam. The other approved facility was JBS’ Goiânia processing plant.
Vietnam’s Prime Minister Pham Minh Chinh met with Brazil’s Minister of Agriculture Carlos Fávaro earlier this week as part of the prime minister’s visit to Rio de Janeiro for the BRICS Summit. During the visit, the prime minister attended...
Navigating the Trump Tariff Turbulence: A Comprehensive Timeline
US President Donald Trump and his administration have paused reciprocal tariffs on most countries.
“Based on the lack of respect that China has shown... I am hereby raising the [tariff] charged to China by the [USA] to 125%, effective immediately,” wrote Trump on Truth Social at 1:18 pm ET.
It’s not clear if this 125% is in addition to the 20% imposed on Chinese imports to the US. In early March, Trump noted that he would add another 10% tariff on Chinese goods...
ANALYSIS: Brazil’s Beef Exports Reached 1.28 Million mt in 1H-2025, Up 36% YOY
The latest data released by Brazil’s Ministry of Development, Industry, Trade, and Services revealed that the country exported 241,092 mt of fresh beef (chilled and frozen) in June, down 9.7% MoM but 2.9% higher than June 2024. This brings total shipments in the first half of 2025 to 1,286,729 mt, reflecting a notable 36% growth compared to the same period last year.
Brazilian beef exports to China showed solid growth in the first half of 2025, reaching 631,720 mt...
ANALYSIS: Australia Delivers Record Beef Exports in June 2025, 1H Up 16.8% YOY
Australia’s beef exports surged to a record high in June 2025, reaching 134,596 metric tons (mt), according to data from the Department of Agriculture, Fisheries and Forestry (DAFF). The volume topped the previous peak set in October 2024 by 4,548 mt and marked a third straight month of growth.
Robust demand from China, Canada, Japan and Korea underpinned the gains, while shipments to its largest destination, the United States (US) declined. On a monthly basis, volumes climbed 4.0% or 5,118 mt...
US to Impose 25% Tariff on Japanese and Korean Imports Starting August 1
President Donald Trump's tariff letters are being rolled out, with Korea and Japan at the forefront. In identical letters released on July 7, the administration announced that both countries will face a 25% tariff on all goods imported into the United States, effective August 1.
In identical letters sent to the leaders of both countries, Trump declared that the US would impose the tariffs “on any and all Korean (Japanese) products sent into the US,” including goods transshipped through third countries in an attempt to bypass the...
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