From Animal Meat to Fungi, U.S. Consumers Tap into A Host of Sources to Get Protein into Their Diets

The want of more protein in their diets have U.S. consumers seeking the coveted macronutrient from a variety sources, reports The NPD Group. Protein, the nutritional counterpart to fat and carbohydrates, is considered the body’s building blocks, and can be found in a long list of foods, like seafood, meat, poultry, eggs, legumes, and vegetables.

In order to get more protein into their diets, consumers are availing themselves to all of these types of foods in addition to whatever might be the trendy protein of the day, like fungi, according to NPD’s Eating Patterns in America, an annual compilation of the company’s daily tracking of U.S. consumers’ eating behaviors away from and...

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Wed. Feb 24, 2021

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Denny's Adds New Options to Melts and Bowls Lineup

Denny's is adding all new options to its Melts & Bowls lineup for the ultimate comfort food experience.

With the addition of four new Melts & Bowls, guests have even more combinations and flavors to choose from, truly offering something for every palate. The new selections are available nationwide and include...

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Feb 24 3:22 PM, General News



Brian Sikes Named Cargill’s Chief Operating Officer 

Brian Sikes has been named chief operating officer (COO) of Cargill. In this role, he will also serve as a management director on the Cargill Board of Directors.

Sikes joined Cargill’s executive team in 2019, leading the company’s global protein and salt enterprise. Prior to that, he spent four years leading the protein business in North America, based in Wichita, Kan. Sikes joined Cargill in 1991, and has held leadership positions in the protein business in the U.S., Canada and Europe. He also led the company’s...

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Feb 24 2:59 PM, General News


North American Meat Institute Welcomes Confirmation of U.S. Secretary of Agriculture Tom Vilsack

Julie Anna Potts, President and CEO of the North American Meat Institute (Meat Institute), congratulated U.S. Secretary of Agriculture Tom Vilsack on his confirmation and issued the following statement:

“Due to comprehensive protections instituted since the spring, independent data show that COVID-19 infection rates for meat and poultry workers are now more than four times lower than in the general population and 95% lower than when the pandemic hit the sector hardest in April, 2020. We welcome...

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Feb 24 2:32 PM, General News


Feb 24 1:23 PM, Urner Barry

VIDEO: State of the Market Episode 9: The Egg Market

This week Market Digest host Laura Zinger speaks with market reporter Brian Moscogiuri. They discuss Easter holiday demand, severe weather and snowstorms interrupting supply chains, and...

Full Story »

Hormel Deli Solutions Launches New Brand Offering Consumers a Touch-Free Dinner Experience

As more consumers shop for touch-free meal options that are not challenging or time consuming to prepare, yet still deliver on quality, taste and convenience, retailers can turn to the Hormel Deli Solutions Group for the "perfect" selection. The new Perfect Plate™ products are made to make it easy for retailers to deliver what consumers are looking for in a touch-free, convenient meal while easing the back of house challenges that may come with prepared meal products.

"Our new Perfect Plate™ products were specifically designed for retailers to capitalize on this growing trend in prepared meal options, while eliminating the need for deli staff to assemble, or even handle the food before putting it on shelf," said Megan Ward, deli brand manager, Hormel Deli Solutions Group. "The Perfect Plate™ products offer...

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Feb 24 8:23 AM, General News


IHOP Appoints Kieran Donahue as Chief Marketing Officer

IHOP announced the newest member of its executive team, naming Kieran Donahue to the position of Chief Marketing Officer. In this role, Donahue will be responsible for driving IHOP’s marketing and culinary strategies, including oversight of advertising, digital innovation, communications, menu development and overall brand experience. Beginning February 22, Donahue will report directly to IHOP President Jay Johns.

“Kieran is an innovator and a transformational Fortune 500 executive who has a long track record of demonstrated performance across a diverse set of global brands,” said Johns. “Given her impressive professional history surpassing business goals, building trusted relationships and...

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Feb 24 8:23 AM, General News


From Animal Meat to Fungi, U.S. Consumers Tap into A Host of Sources to Get Protein into Their Diets

The want of more protein in their diets have U.S. consumers seeking the coveted macronutrient from a variety sources, reports The NPD Group. Protein, the nutritional counterpart to fat and carbohydrates, is considered the body’s building blocks, and can be found in a long list of foods, like seafood, meat, poultry, eggs, legumes, and vegetables.

In order to get more protein into their diets, consumers are availing themselves to all of these types of foods in addition to whatever might be the trendy protein of the day, like fungi, according to NPD’s Eating Patterns in America, an annual compilation of the company’s daily tracking of U.S. consumers’ eating behaviors away from and...

Full Story »
Feb 24 8:22 AM, General News


PODCAST: Feed the Demand - Matt Busardo on the Chicken Market

This week host Laura speaks with poultry market reporter Matt Busardo. Matt fills us in on plant closures due to severe weather, optimism in the export market, and...

Full Story »
Feb 23 10:43 AM, Urner Barry


USDA Announces Key Staff Appointments

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

Maribel Duran was named Deputy Chief of Staff for Operations in the Office of the Secretary. Duran recently served as Managing Director for Equity and Inclusion for the Aspen Institute, as well as Chief of Staff for its Leadership Division. From 2018-2019, she was co-chair of the Institute’s Diversity, Equity, and Inclusion Council. Previously, Duran served eight years in the Obama Administration, first as Special Assistant to U.S. Secretary of Education Arne Duncan, then as Chief of Staff for the White House Initiative on Educational Excellence for Hispanics, and ultimately as...

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Feb 23 10:06 AM, General News


Tyson Foods Accelerates Change to Operate at the Speed of the Market

Tyson Foods announced that the company is making organizational changes designed to improve operational agility, customer experience and speed of innovation to market, ensuring that all businesses are well-positioned to adapt to a dynamic environment.

“Consumer preferences are changing and evolving at a rapid pace,” said Dean Banks, president and chief executive officer of Tyson Foods. “We must accelerate our pace of change to not only meet but exceed our customers’ expectations while delivering...

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Feb 23 10:03 AM, General News


Cracker Barrel Reports Second Quarter Fiscal 2021 Results

Cracker Barrel Old Country Store, Inc. reported its financial results for the second quarter of fiscal 2021 ended January 29, 2021.

Second Quarter Fiscal 2021 Highlights

  • Dining room service was adversely impacted by the nationwide resurgence of COVID-19 during the quarter, resulting in increased dining room closures and capacity restrictions compared to...
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Feb 23 9:58 AM, General News


Pilgrim’s Mourns the Death of Longtime Board Member Charles Macaluso

Pilgrim’s Pride Corporation is saddened to announce the passing of longtime board member Charles Macaluso this past weekend.

“Charles was a tireless contributor to our company’s strategy, vision and success for more than a decade,” said Fabio Sandri, Pilgrim’s chief executive officer. “He was a colleague and friend who was critical to our company’s growth and transformation. His wise counsel, sense of humor and passion will be sorely missed.”

Macaluso served as an independent board member at Pilgrim’s since 2009 and was a member of the Audit Committee. He was...

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Feb 23 9:54 AM, General News


GLG Trading Inc., Recalls Beef Tallow Products Imported Without the Benefit of Inspection

GLG Trading Inc., a Chino, Calif. establishment, is recalling approximately 96,810 pounds of beef tallow products that were imported from the People’s Republic of China, an ineligible country for beef, without the benefit of FSIS import re-inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The following heat-treated shelf stable Hotpot Seasoning items containing beef tallow are subject to recall...

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Feb 23 9:50 AM, General News


Hormel Foods Announces Executive Appointments

Hormel Foods Corporation, a global branded food company, announced the appointments of Jeff Frank to vice president of Grocery Products, leading the strategic integration of the Planters and Corn Nuts brands into Hormel Foods. The Planters and Corn Nuts acquisition was announced on February 11, and is expected to be completed by the summer. Frank currently serves as vice president of marketing for the Foodservice business within Hormel Foods. Additionally, Annemarie Vaupel, currently director of marketing for the Foodservice division, will advance to vice president of marketing for the Foodservice division.

"The Planters acquisition is the largest in the company's history and one that is going to require dedicated leadership and significant focus," said Jim Snee, chairman of the board, president and chief executive officer. "Jeff has broad experience within Hormel Foods and...

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Feb 23 8:27 AM, General News


Subway Announces Steve Rafferty as Senior Vice President of Development

Subway restaurants have announced Steve Rafferty as Senior Vice President of Development for North America.

In this role, Rafferty is responsible for leading the strategic direction for business development, supporting the network of Subway developers and leading growth initiatives for new and existing franchisees.

"Steve has the deep experience to successfully lead teams to achieve new franchise recruitment, unit growth, and new market entry goals. His wealth of knowledge, along with...

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Feb 23 8:27 AM, General News


Eat Beyond Adds Plant Power to Its Portfolio and Extends Marketing Agreement

Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is making an investment in, and adding Plant Power Restaurant Group, LLC ("Plant Power") to its portfolio.

California-based Plant Power Fast Food is known as an innovator in the Quick Service Restaurant ("QSR") field with its 100% plant-based offerings and biodegradable packaging. Plant Power features a menu that ranges from burgers, fries, shakes and 'chicken' tenders - to wraps, salads, juices, raw items and...

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Feb 23 8:27 AM, General News


COVID-19 Disruptions Create New Areas of Opportunity and Risk for the Poultry Industry 

Covid-19 is disrupting the business in ways the global poultry market had never planned for, creating new areas of opportunity and risk. The impacts of Covid-19 are spread very unevenly between regions and between companies.

“Company leaders and investors need to constantly review market conditions and adjust company positioning to optimize growth and returns. There will be bigger differences between winners and losers, which will lead to a process of accelerated capital investments, consolidation, and internationalization in the coming years,” according to Nan-Dirk Mulder, Senior Analyst – Animal Protein.

Rabobank has identified three stages of Covid-19’s impact on the global poultry industry...

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Feb 23 8:26 AM, General News


NAMI Awards Smithfield Foods for Environmental Achievements

Smithfield Foods, Inc. is pleased to announce that the company's Orange City, Iowa; Springdale, Ohio; Lincoln, Neb. and Cudahy, Wisc. facilities received 2021 Environmental Achievement Awards from the North American Meat Institute (NAMI). The awards recognize local facility projects in the categories of environmental technology, outreach and training; pollution prevention; resource conservation; and social and economic sustainability. Two Smithfield facilities received first place recognition and two additional facilities received second place recognition.

The NAMI Environmental Achievement Awards are presented to member companies that go beyond environmental compliance by designing and successfully implementing...

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Feb 23 8:25 AM, General News


CHART: Industry Expectations for Weekly Cattle Slaughter

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Feb 22 2:24 PM, Urner Barry


PODCAST: UK Beef Chat Episode 5

This week Mike Nesbitt and Jay Alletto are joined by Joe Muldowney and Bill Smith to discuss the UK beef market. Topics include the tight cattle supply’s impact on price negotiation, social distancing at plants, and...

Full Story »
Feb 22 12:35 PM, Urner Barry


AH Company International Distribution Recalls Pork Products

AH Company International Distribution Inc., a Garden Grove, Calif. firm, is recalling approximately 30,081 pounds of pork pâté products that were imported from an ineligible establishment and distributed in the United States without the benefit of FSIS import re-inspection.

The following heat-treated shelf stable pork pâté items are subject to recall...

Full Story »
Feb 22 10:13 AM, General News


National Turkey Federation Elects Farbest Farms’ Phil Seger as 2021 Chairman

The National Turkey Federation (NTF) announced the 2021 officer team and Executive Committee members elected by the Board of Directors.

Phil Seger of Farbest Farms, Inc. was elected 2021 NTF chairman. Ronnie Parker of Circle S Ranch will serve as vice chairman and John Niemann of Cargill as secretary-treasurer. Ron Kardel, an Iowa turkey grower and Vice Chairman of the Board of West Liberty Foods, LLC, will move into...

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Feb 22 8:34 AM, General News


Amidst COVID-19 Pandemic, Meat Contraband from China Hit Record Levels

In calendar year 2020, in the midst of the COVID-19 pandemic, the number of shipments containing prohibited pork, chicken, beef and duck products arriving from China intercepted by U.S. Customs and Border Protection (CBP) agriculture specialists in Los Angeles, nearly doubled compared with the previous year.

From Jan. 1, to Dec. 31, 2020, CBP in Los Angeles issued 1,049 Emergency Action Notifications (EAN) compared to 527 in 2019, a 99 percent increase. When unmanifiested/prohibited animal products are intercepted, CBP issues...

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Feb 22 8:33 AM, General News


Midwest Poultry Federation Shifts to 100% Virtual Event

In light of ongoing developments with COVID-19 and after thoughtful discussions with its Board of Directors, the Midwest Poultry Federation has made the decision to shift its 2021 MPF Convention to a fully online, virtual experience May 18-21.

“We were so hopeful that we might be able to bring attendees, exhibitors, and speakers together safely in-person in May but after careful consideration of all the factors, it became clear that this was the best decision we could make for everyone involved,” said MPF President Scott Waldner of Purina Animal Nutrition. Waldner represents...

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Feb 22 8:33 AM, General News


MorningStar Farms Offers Incogmeato Giveaway for Lent

During Lent, MorningStar Farms is offering consumers a meat-free option with products that still look and taste like meat. The versatile line-up including burger patties, plant-based ground, chik'n nuggets and more makes for the perfect swap, so it's easy to enjoy classic dishes like tacos, spaghetti bolognese or even chik'n and waffles while maintaining the Lent tradition of meatless Fridays.

"During Lent, we know people miss their hamburger on Friday night. Now, with Incogmeato, everyone can still enjoy their delicious Friday favorites the plant-based way with...

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Feb 22 8:32 AM, General News


Packaged Facts: Clean Labels and Ethically Sourced Foods are Mattering More to Meat Eaters

Even with the growing availability of meat alternatives, many Americans are reducing rather completely eliminating their consumption of animal proteins, with the added caveat that they are doing so while seeking out meat raised in more ethical manners with cleaner labels, reports Packaged Facts in the market research study Vegan, Vegetarian, and Flexitarian Consumers.

Packaged Facts' survey data published in the report reveal that among all U.S. consumers, twice as many (49%) consider clean label options important when grocery shopping compared to...

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Feb 22 8:32 AM, General News


ANALYSIS: Q1 Production Outlook Lends Credence to Industry Expectations

The latest release of the USDA’s Livestock, Dairy and Poultry Outlook Report is slow to raise any eyebrows as the ready-to-cook (RTC) production forecast of most key lines continues to...

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Feb 19 8:27 AM, Urner Barry


January Retail Sales Show Strong Increase Boosted by Stimulus Funds and Record Holidays

Retail sales grew sharply in January as government stimulus checks provided a boost and momentum from 2020’s record holiday season carried over into the new year, the National Retail Federation said.

“January’s retail sales numbers reflect a very strong start for consumers and retailers as we look ahead to a critical year curbing the global pandemic and strengthening our economic recovery,” NRF President and CEO Matthew Shay said. “Consumers and the economy as a whole remain in good shape despite unprecedented adversity over the past year, and congressional action has been a lifeline for...

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Feb 19 8:26 AM, General News


ANALYSIS: Counter-seasonal Rally in Pork Belly Values

Pork bellies have noted a substantial gain since the start of the New Year, with a 41% increase from January 4th. Despite the foodservice end of the industry remaining limited, retail demand has continued to...

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Feb 19 8:26 AM, Urner Barry


Wendy's New Jalapeño Popper Chicken Sandwich Heats Up the Chicken Wars

Wendy's unveiled two new bold menu items, the Wendy's Jalapeño Popper Chicken Sandwich and Salad, to its already-stacked chicken lineup.

"Inspired by classic jalapeño poppers fans know and love, my culinary team took the familiar flavors of the beloved appetizer and gave it a unique Wendy's twist only we can deliver," said John Li, Vice President of Culinary Innovation for The Wendy's Company. "The new Jalapeño Popper Chicken Sandwich and Salad brings Wendy's fans a bold, innovative flavor they can't get anywhere else. Each bite is graced by the perfect balance of...

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Feb 19 8:25 AM, General News


A Look at Protein Demand as the Six-Week Lenten Period Begins 

As the six-week Lenten period leadup to Easter begins, foodservice and retail are catering to those who cannot eat meat at least one day a week. As SeafoodNews reported, restaurants like Bojangles, White Castle, and Quizno’s are just a few offering seafood items for a limited time.

Last year, Popeyes brought in a limited time Buttermilk Biscuit Shrimp offering for Lent. To switch things up this year, Popeyes introduced a new contender in the "Chicken Sandwich Wars," a Cajun Flounder Sandwich. But how could a new fish sandwich offering during Lent impact the chicken sandwich battle, which has become...

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Feb 19 8:25 AM, Urner Barry


National Restaurant Association Says Now is Not the Time for the Raise the Wage Act

The National Restaurant Association released the results of its survey of restaurants large and small, which asked what impact the proposed Raise the Wage Act would have on their ability to recover in 2021.

After hearing the response, the Association sent a letter to congressional leaders citing the survey results to urge that the measure be removed from the $1.9 trillion stimulus plan.   

“Passage of this bill this year would lead to job losses and higher use of labor-reducing equipment and technology,” said Sean Kennedy, executive vice president for Public Affairs for the National Restaurant Association...

Full Story »
Feb 18 11:14 AM, General News


Jack in the Box Reports First Quarter FY 2021 Earnings

Jack in the Box Inc., reported financial results for the first quarter ended January 17, 2021.

Jack in the Box® system same-store sales increased 12.5 percent for the quarter. Company same-store sales increased 7.5 percent in the first quarter driven by average check growth of 21.2 percent while transactions decreased 13.7 percent.

Darin Harris, chief executive officer, said, "Our ongoing strategy continues to resonate with our guests with same-store sales significantly outperforming our peers. We saw strong...

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Feb 18 10:19 AM, General News


Blue Apron Reports Fourth Quarter and Full Year 2020 Results

Blue Apron Holdings, Inc. announced financial results for the quarter and full year ended December 31, 2020.

“Fourth quarter operating results exceeded guidance as we grew net revenue year over year by 22% to $115.5 million. The fourth quarter marks the third consecutive quarter of double-digit year over year increase in net revenue and highlights our continued operating momentum,” said Linda Findley Kozlowski, Blue Apron’s President and Chief Executive Officer. “Product innovation remains central to our strategy and initiatives to drive customer attraction and...

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Feb 18 10:08 AM, General News


Walmart Reports Record Q4 and FY21 Revenue

Walmart has reported record Q4 and FY21 revenue.

Highlights:

  • Annual revenue of nearly $560 billion resulted in $35 billion of growth;
  • $40 billion of growth in constant currency.2 Q4 FY21 GAAP EPS of ($0.74); Adjusted EPS2 of $1.39.
  • Decision to repay property tax relief in...
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Feb 18 10:01 AM, General News

Hormel Foods Reports First Quarter Results And Provides Full Year Guidance

Hormel Foods Corporation, a leading global branded food company, reported results for the first quarter of fiscal 2021. All comparisons are to the first quarter of fiscal 2020 unless otherwise noted. Operating free cash flow is presented as a non-GAAP metric.

Executive Summary - First Quarter

  • Volume of 1.2 billion lbs., down 1%
  • Record net sales of $2.5 billion, up 3%
  • Pretax earnings of $277 million, down 5%
  • Operating margin of 10.9%, compared to 11.8% last year
  • Effective tax rate of 19.7%, compared to...
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Feb 18 9:51 AM, General News


Bruce Simon, CEO of Omaha Steaks, Passes Away

Omaha Steaks sadly announced that its Chairman and Chief Executive Officer, Bruce Simon, died suddenly early Wednesday morning of natural causes, at age 63.

Born on March 23, 1957, Bruce attended Westside High School in Omaha, Nebraska, and graduated from the Wharton School of the University of Pennsylvania. For more than three decades, Bruce worked with his cousin, Todd Simon, their fathers Alan and Fred, and their uncle Stephen, to grow Omaha Steaks into a world-famous purveyor of...

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Feb 18 9:15 AM, Urner Barry


ANALYSIS: Tightened Supplies Help Push Cash Hog Prices Higher

Following a tumultuous year of predominately negative returns, the tides appear to be turning for...

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Feb 18 8:24 AM, UB Newswires


Wingstop Reports Fiscal Fourth Quarter and Full Year 2020 Financial Results

 

Wingstop announced financial results for the fiscal fourth quarter and fiscal year ended December 26, 2020.

Highlights for the fiscal fourth quarter 2020 compared to the fiscal fourth quarter 2019:

  • System-wide sales increased 26.5% to $502.5 million
  • 59 net new openings in the fiscal fourth quarter 2020
  • Domestic same-store sales increased 18.2%
  • Domestic restaurant AUV increased to approximately...
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Feb 18 8:23 AM, General News


Tyson Foods Provides Additional Incentive for Frontline Workers to Be Vaccinated Against COVID-19

Tyson Foods, Inc., is providing an additional incentive for frontline workers to get vaccinated against the coronavirus. The company, which already offers free, on-site COVID-19 vaccinations at its U.S. plants, consistent with prioritization regulations and as vaccine supplies become available, has announced it will also compensate workers for up to four hours of regular pay if they are vaccinated outside of their normal shift or through an external source.

Several hundred Tyson Foods team members, mostly health service staff and workers over the age of 65, have already been vaccinated. The company expects about 1,000 frontline workers in...

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Feb 18 8:23 AM, General News


Urner Barry Releases February Emerging Plant Protein Report 

The latest rice outlook report released by the ERS raised total domestic production estimates by 1.5 million cwt to 227.6 million (23% above previous year rates). The bulk of this change was a result of a 59-pound per acre increase in the average rice yield to 7,619 pounds. Drilling down, Texas rice yields were revised up...

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Feb 18 8:22 AM, Plant Protein


VIDEO: Morning Market Roundup Feb 16

Watch Urner Barry's reporters give insight into what is happening in the markets for hogs, beef, eggs and turkey....
Full Story »
Feb 17 2:15 PM, Urner Barry


Good Catch Plant-Based Tuna Continues Expansion into Foodservice 

Keep an eye on Good Catch tuna. Gathered Foods, the makers of the plant-based seafood brand, are continuing their expansion into foodservice through a new partnership with Whole Foods Market.

Good Catch first debuted at Whole Foods in February 2019. Now, instead of just being on the shelves, it’ll be in the Whole Foods prepared food section. Retail locations in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island will be offering Good Catch’s plant-based deli-style tuna salad by the pound...

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Feb 17 10:54 AM, SeafoodNews


Sanderson Farms Provides Update on Operations Affected by Winter Storms

Sanderson Farms, Inc., provided an update on the Company’s operations and the impact of the severe winter storm that has affected the Company’s Texas, Louisiana, and Mississippi locations.

Winter storm Uri brought bitter cold temperatures, snow and ice, leaving millions without power across the Company’s footprint in Texas, Louisiana and Mississippi, on Monday, and Uri, along with winter storm Viola, will continue to affect operations. The National Weather Service reports extremely cold temperatures as low as...

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Feb 17 10:04 AM, General News


Feb 17 8:28 AM, Urner Barry

VIDEO: State of the Market Episode 8: Boxed Beef

This week Market Digest host Laura Zinger speaks with market reporter Gary Morrison. They discuss how consumers are stepping out of the box while cooking at home, Valentines Day's affect on...

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PODCAST: UK Beef Chat Episode 4

This week Mike Nesbitt and Jay Alletto are joined by fellow beef market reporters Joe Muldowney, Bill Smith and Gary Morrison. They discuss Valentine's Day's affect on the beef supply chain and...

Full Story »
Feb 17 8:27 AM, Urner Barry


BJ’s Wholesale Club Introduces New App Features for Seamless Shopping