Ready or Not, Here Comes the 2019 Holiday Shopping Season

Changing Consumer Attitudes Could Change the Game for Retail, Reports NPD

Consumers are split in their attitudes about holiday shopping. According to the 2019 Holiday Purchase Intentions Survey from The NPD Group, most consumers in the U.S. are looking forward to this holiday season, and see the holidays as a break from everything happening in the world – half even say going out shopping puts them in the holiday spirit. But almost half of consumers that said they would rather plan an outing with family or friends than exchange gifts – more than last year. More consumers also said they think preparing for the holidays may not be worth all of the work entailed.

“There is more of a divide in consumer sentiment heading into this holiday season than we have seen in years,” said Marshal Cohen, chief industry advisor, The NPD Group. “There are fewer consumers planning on doing what they did last year, which means retail needs to be prepared to think differently as well...

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Simmons Prepared Foods Announces Transition and Start Up On Track for New Benton County Facility

Simmons Prepared Foods announced today that operations are beginning to ramp up as scheduled at its new $300 million Benton County poultry production facility. Production began on a small scale at the facility the week of September 30 and will steadily increase to reach the first phase of full production in January 2020.

“These last few weeks have been a critical phase in preparing for the startup of operations here at Benton County. There has been a tremendous amount of work to get to this point, but there is still work to do,” says David Jackson, Chief Operating Officer, Simmons Foods.

“We’re in the midst of a staged transition and a gradual ramp up of production in a brand new environment. Every piece of equipment and each process is being assessed to ensure the highest safety and product quality. This is important work and we’re pleased to...

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Oct 18 10:52 AM, General News



Ready or Not, Here Comes the 2019 Holiday Shopping Season

Changing Consumer Attitudes Could Change the Game for Retail, Reports NPD

Consumers are split in their attitudes about holiday shopping. According to the 2019 Holiday Purchase Intentions Survey from The NPD Group, most consumers in the U.S. are looking forward to this holiday season, and see the holidays as a break from everything happening in the world – half even say going out shopping puts them in the holiday spirit. But almost half of consumers that said they would rather plan an outing with family or friends than exchange gifts – more than last year. More consumers also said they think preparing for the holidays may not be worth all of the work entailed.

“There is more of a divide in consumer sentiment heading into this holiday season than we have seen in years,” said Marshal Cohen, chief industry advisor, The NPD Group. “There are fewer consumers planning on doing what they did last year, which means retail needs to be prepared to think differently as well...

Full Story »
Oct 18 10:37 AM, General News


Oct 18 9:01 AM, Urner Barry Video

September Retail Sales Grew in the Past Year;
Weighing in on Chicken Wings;
Sponsored by Urner Barry's Prospector
If you cannot see this video, please click here
 
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South Dakota Cattleman to U.S. Senate Committee: American Beef is Climate Change Solution

South Dakota cattle producer Todd Wilkinson today told a U.S. Senate subcommittee that contrary to the claims of some environmental and anti-animal-agriculture activists, "American beef production and consumption is a climate change solution."

"Climate policies that unfairly target cattle producers fail to recognize the positive role of cattle and beef in a healthy, sustainable food system," Wilkinson told members of the U.S. Senate's Environment and Public Works Subcommittee on Clean Air and Nuclear Safety. "Rather than adopting misguided policies that threaten the viability of farmers and ranchers, we want to shift the conversation."

The subcommittee held today's hearing on the issue of "Reducing Emissions While Driving Economic Growth: Industry-Led Initiatives." In his testimony, Wilkinson discussed...

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Oct 18 9:00 AM, General News


ANALYSIS: Weighing In On Chicken Wings

In light of the attention that chicken wings have received recently, we thought it would be a great opportunity to check in on the various factors currently impacting the market...

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Oct 18 8:45 AM, Urner Barry


Tyson to Help Meet Growing Demand for U.S. Pork by Prohibiting Ractopamine Use

In an effort to meet growing global demand for U.S. pork, Tyson Fresh Meats , the beef and pork subsidiary of Tyson Foods, Inc., today announced plans to prohibit the use of ractopamine in the market hogs it buys from farmers beginning in February 2020 .

Ractopamine is a feed ingredient that helps increase the amount of lean meat in hogs. While it is FDA-approved and considered safe for use, some countries such as China prohibit the import of pork from hogs that have been given the product.

Tyson Fresh Meats has been offering a limited amount of ractopamine-free pork to export customers by working with farmers who raise hogs without it, and...

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Oct 17 12:13 PM, General News


Explosion Suspends Production at Cargill's Dodge City Plant 

An explosion at Cargill's Dodge City beef packing plant has two injured employees and ceased operations for the remainder of the day. 

Daniel Sullivan, Cargill's media relations director, North America, Global Corporate Affairs, issued the following statement: 

"A small stand-alone building at our protein facility in Dodge City, KS, experienced an explosion this morning. Two employees are receiving medical treatment for burns, and we are investigating the cause of the accident. As an extra precaution...

 

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Oct 17 11:33 AM, Urner Barry


Cal-Maine Foods Announces Definitive Agreement to Acquire Egg Production Assets of Mahard Egg Farm

Cal-Maine Foods, Inc. today announced that it has reached a definitive agreement to acquire substantially all of the assets of Mahard Egg Farm, relating to its commercial shell egg production, processing, distribution and sale of shell eggs business. The assets to be acquired, subject to the completion of this transaction, include commercial shell egg production and processing facilities with current capacity for approximately 3.9 million laying hens and permitted capacity for up to 8.0 million laying hens, a feed mill, pullets and related production facilities located in Chillicothe, Texas, and Nebo, Oklahoma, and a distribution warehouse located in Gordonville, Texas. The Company expects to close the transaction in the next few weeks.

Commenting on the announcement, Dolph Baker, chairman and chief executive officer of Cal-Maine Foods, Inc., said, “We are very pleased to announce the acquisition of these assets from Mahard Egg Farm. Cal-Maine Foods already has...

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Oct 17 9:11 AM, General News


ANALYSIS: A Return to the Seasonal Norm

As we inch towards Thanksgiving and participants eagerly await fill-in business to develop, the return of seasonality this year has caught the attention of industry veterans who were beginning to forget what it looked like...

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Oct 17 8:33 AM, Urner Barry


Oct 17 8:31 AM, Urner Barry Video

U.S. Restaurant Transactions Flat in September;
A Return to the Turkey Seasonal Norm;
Sponsored by COMTELL's Phone App
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September Sales Grew 4.5 Percent Over Last Year 

According to the National Retail Federation, retail sales in September were down 0.1 percent seasonally adjusted from August, but up 4.5 percent unadjusted year-over-year.

“The pullback in September compared with August is possibly a reaction to increased fears over U.S.-China tensions,” NRF Chief Economist Jack Kleinhenz said. “While uncertainty around trade policy and other issues has dampened consumer sentiment recently, consumers still have a lot going for them as evidenced by longer-term trends and factors like the tight labor market. September is a tricky month to measure because of seasonal factors like the end of summer and back-to-school spending, and this year’s...

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Oct 17 8:21 AM, Urner Barry


Cargill to Invest $225 Million at Facility in Sidney, Ohio

Cargill is expanding its integrated soybean crush and refined oils facility in Sidney, Ohio, to better serve area farmers and to meet growing demand for protein and refined oils.

The company will invest approximately $225 million at the Sidney site, increasing crush capacity and modernizing operations. The investment creates greater market access for farmers’ crops in the area and allows those farmers to deliver their soybeans more efficiently, as the upgraded plant will unload trucks at a much faster rate.

“Farmers are at the core of our business. This investment will help us provide them a better experience when they choose to sell their crops to us,” said Don Camden, commercial leader for the eastern region of...

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Oct 17 8:21 AM, General News


Hardee's to Begin Testing Beyond Meat at Breakfast, Lunch, and Dinner 

Hardee’s, known for quality you can taste, today announced it will be partnering with Beyond Meat as one of the first U.S. quick service restaurants to offer plant-based breakfast, lunch and dinner options. In keeping with the brand’s innovative heritage of offering new twists on classic favorites, Hardee’s will be testing a new Beyond Breakfast Sausage Biscuit and an Original Beyond Thickburger for a limited-time in two regional markets – Raleigh, NC and Kansas City, MO, beginning October 16, 2019.

To celebrate the launch, Hardee’s will offer customers a free Beyond Breakfast Sausage Biscuit, during breakfast hours, or Original Beyond Thickburger, during...

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Oct 16 10:02 AM, General News


Dunkin' Brands Announces Departure of Tony Weisman, U.S. Chief Marketing Officer

Dunkin’ Brands, the parent company of Dunkin' and Baskin-Robbins, today announced that Tony Weisman, Chief Marketing Officer Dunkin’ U.S., is stepping down from his position effective December 1, 2019. The company will immediately begin a search for his replacement, and Mr. Weisman has agreed to assist in the search. Until the appointment of a new CMO, the marketing department will report to Dave Hoffmann, Dunkin’ Brands CEO and Dunkin’ U.S. President.

“Tony has played a key role in the transformation of our brand, including our widely lauded decision to drop “Donuts” from our logo, our very successful espresso relaunch, and the introduction of innovative products like our plant-based Beyond Sausage Breakfast Sandwich, currently available in Manhattan. Additionally, he has assembled...

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Oct 16 9:14 AM, General News


Oct 16 9:10 AM, Urner Barry Video

Walmart Launches InHome Delivery Service;
Stone Crab Season Kicks-off;
Sponsored by Obsono’s Market Insight Report
If you cannot see this video, please click here
 
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Bell & Evans Introduces Line of Premium Chicken Meatballs

Family owned, premium chicken producer Bell & Evans just launched a line of uncooked, frozen chicken meatballs this fall that are unlike any you’ve ever tried. Flavors include Parmesan Breaded with Mozzarella, Buffalo Seasoned and a traditional, savory Chicken Meatball.

All three varieties are made from a blend of dark meat chicken and skin for full flavor and are uncooked and nitrogen frozen to lock in freshness and natural juices. How many quick meal options deliver the flavor, quality and nutrition that Bell & Evans offers in their prepared products? There’s finally a line of...

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Oct 16 9:06 AM, General News


Kenosha Beef International Recalls Seasoned Beef Products

Kenosha Beef International, a Columbus, Ohio establishment, is recalling an undetermined amount of seasoned beef products that may be contaminated with extraneous materials, specifically metal shavings, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The seasoned beef items were produced on various dates from Sept. 20, 2019 to Oct. 4, 2019. The following products are subject to recall...

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Oct 16 8:20 AM, General News


Post-Summer Back to the Grind Kept U.S. Restaurant Transactions Flat in September

The post-summer back to business and school as usual kept U.S. restaurant transactions flat in September compared to year ago, reports The NPD Group. The month started out with transactions up but flattened as the month went on, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 73 quick service, fast casual, midscale, and casual dining chains.

Transactions at quick service restaurant (QSR) chains, which represent the bulk of industry transactions, were flat in September compared to year ago. While the full service segments of casual dining and...

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Oct 16 8:19 AM, General News


Sold-Out Global Protein Summit a Smash Hit in Chicago

Attendees raving about the first ever conference, applauding speakers, insights, and prime networking

The Global Protein Summit debuted in Chicago last week—with those in attendance hailing the program as timely, illuminating, and critically important. The sold-out event, hosted by Urner Barry, featured a hard-hitting lineup of expert presenters covering the biggest topics impacting the beef, pork, and poultry business.

Two days of packed content, 25 speakers, protein-specific breakouts and unparalleled networking opportunities defined this inaugural event, held at the InterContinental Magnificent Mile in the heart of Chicago. The show brought together common themes affecting the supply chain, including China, trade agreements, African Swine Fever, the economy, alternative protein competition, and what to expect as we look ahead...

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Oct 15 10:16 AM, Urner Barry


Burger King Partners with Uber Eats for Delivery

All of your favorite flame grilled sandwiches from Burger King restaurants can now be delivered right to your doorstep through Uber Eats. BK guests nationwide can now place a food order, including the iconic Whopper Sandwich, with the tap of a button on the Uber Eats app.

“At Burger King restaurants, delivery is a major priority to ensure our food is available to anyone, anywhere,” said Chris Finazzo, President, North America, Burger King Corporation. “We know our guests value convenience and adding the Burger King brand to Uber Eats is another way we will meet the demands of millions of people on this platform.”

“We’re thrilled to team up with Burger King restaurants to offer their beloved menu items to...

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Oct 15 9:26 AM, General News


Walmart's InHome Delivery Service Officially Launches in Kansas City, Pittsburgh and Vero Beach

Early this summer, Walmart announced InHome Delivery, its latest innovation aimed toward giving time back to families by delivering fresh groceries and everyday essentials directly into their kitchen or garage fridges. Today, for the first time ever, Walmart is thrilled to launch this new service for over 1 million customers in Pittsburgh, Kansas City (Missouri and Kansas) and Vero Beach.

The company is obsessed with simplifying grocery shopping and finding ways to make customers’ lives easier. That’s why InHome goes the extra step so that customers can live their lives without worrying about making it to the store or being home to accept a delivery.

All it takes to use the service is three simple steps...

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Oct 15 9:08 AM, General News


Oct 15 8:50 AM, Urner Barry Video

Online Grocery Shows Global Growth;
NY Sues DOC Over Fluke Allocation;
Sponsored by The Meat Buyer's Guide Online
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Cracker Barrel Acquires Maple Street Biscuit Company

Cracker Barrel Old Country Store, Inc. announced it has acquired Maple Street Biscuit Company in an all-cash transaction for $36 million. Maple Street Biscuit Company was founded by Scott Moore and Gus Evans in Jacksonville, FL in 2012. It currently has 28 company-owned and five franchised fast casual locations across seven states. Maple Street Biscuit Company has targeted AUVs of $1.0+ million and targeted store-level EBITDA of 17%+ of net sales. The Company plans to convert its Holler & Dash Biscuit House units into Maple Street Biscuit Company locations in the coming months. Scott Moore will remain CEO of Maple Street Biscuit Company and will report directly to Sandra B. Cochran, President and CEO of Cracker Barrel.

“The breakfast and lunch-focused fast casual category is an attractive segment, and our experience with Holler & Dash has reinforced this belief. We have long admired Maple Street Biscuit Company with...

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Oct 15 8:15 AM, General News


CHART: Industry Expectations for Weekly Slaughter 

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Oct 14 3:44 PM, Urner Barry


Online Grocery Shows Global Growth 

According to ResearchandMarkets, the online grocery market is projected to grow by $354.2 billion, with the potential to grow at over 17.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over $524.5 billion by the year 2025, online grocery will bring in gains adding significant momentum to global growth.

The United States is expected to maintain an 18.7% growth momentum. In Europe, Germany is projected to add over $13.6 billion to the region's size and clout in the next...

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Oct 14 10:15 AM, Urner Barry


Retailers Welcome Progress on Trade, say Administration has Listened to Concerns

The National Retail Federation today issued the following statement from Senior Vice President for Government Relations David French after the Trump administration announced that a scheduled tariff hike from 25 percent to 30 percent on $250 billion worth of goods from China will not take place next week as negotiators finalize a tentative trade deal.

“Retailers are encouraged by the progress made between the United States and China and are pleased that the administration has listened to the concerns of the business community as the trade war takes an increasing toll on the American economy. The decision to delay planned tariff hikes is...

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Oct 14 9:28 AM, General News


YOUBITE, LLC Recalls Pork Sausage and Turkey Sausage Products Due to Mislabeling

YOUBITE, LLC, a Camarillo, Calif. establishment, is recalling approximately 7,197 pounds of raw and ready-to-eat, pork sausage and turkey sausage products that contain either natural sheep or natural pork casings that were not declared on the product label, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The raw and fully cooked, ready-to-eat, pork sausage and turkey sausage items were produced on various dates from Oct. 9, 2018 to Oct. 9, 2019. The following products are subject to recall...

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Oct 14 8:43 AM, General News


Oct 14 8:32 AM, Urner Barry Video

NCBA Attends Federal Overreach Event;
Movers of the Week from the HRI Buyers Guide;
Sponsored by Obsono's Market Insight
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Walmart Names John Furner President & CEO of Walmart U.S.

Today, Walmart announced that John Furner will become the President and Chief Executive Officer of Walmart U.S., following a successful five years for the business segment under Greg Foran. Furner will report directly to Walmart President and CEO Doug McMillon, and the move will be effective November 1. Foran, who is taking a role as CEO at Air New Zealand Limited, will stay on with Walmart through January 31 to ensure a smooth transition.

“John has done a fantastic job at Sam’s Club, and he will continue the momentum we have in Walmart U.S.,” said McMillon. “John knows our business well, having held many different jobs in the company over more than 25 years, and he is helping transform it for the future. He has the experience and judgment to know what we should continue doing and what we should...

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Oct 11 8:52 AM, General News


Cargill Collaborates to Bring Cost-Effective Global GHG Reductions to Shipping

Cargill, Maersk Tankers and Mitsui & Co. have established a strategic collaboration to accelerate the reduction of global greenhouse gases (GHGs) within shipping. All three parties recognize the urgency required to tackle the global issue of climate change and are continually driving progress in their respective lines of business. Today, they are joining forces to accelerate these efforts and propel the maritime industry towards a more sustainable future.

Together, the companies will work towards lowering maritime GHG emissions by fully exploiting existing fuel-saving technologies and exploring new technical solutions. The aim is to prove that it can make economic sense for both owners and charterers if they work more closely together to make vessels more fuel efficient, thus demonstrating that sustainable shipping can also be...

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Oct 11 8:44 AM, General News


ANALYSIS: All Eyes on Chicken Production

As chicken market participants navigate through the final quarter of 2019, they turn to the stats in an effort to better assess the various market influences that they face within the current trade environment...

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Oct 11 8:38 AM, Urner Barry


Oct 11 8:37 AM, Urner Barry Video

US Trade Tariffs on EU Agricultural Products;
All Eyes on Chicken Production;
Sponsored by Urner Barry's Prospector
If you cannot see this video, please click here
 
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Cattlemen Participate in White House Event Spotlighting Federal Overreach

Two members of the National Cattlemen's Beef Association (NCBA) joined President Trump at a White House event spotlighting past federal overreach by the U.S. Department of the Interior and the Environmental Protection Agency (EPA). During the event, the President signed two Executive Orders that will provide more clarity and transparency to often-daunting and complicated federal regulatory processes.

"Today’s event at the White House demonstrates the effectiveness of our association’s efforts in having meaningful and lasting positive impacts on regulation reforms that benefit our industry, rural communities and family ranching operations," said Nevada public lands rancher J.J. Goicoechea, who participated in this West Wing event. "We stand ready and committed to...

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Oct 11 8:19 AM, General News


KFC Introduces Fried Wings 

Kentucky Fried Chicken is delivering a touchdown this football season with the introduction of its new Kentucky Fried Wings™. The chicken expert's new, always hot and fresh wings are available in participating KFC U.S. restaurants today as part of the permanent menu. Making this even hotter, fans can try them out from the comfort of their own home with free delivery* on kfc.com, the fried chicken chain's new online delivery platform, Grubhub and Seamless.

Sure to be the MVP of this season's tailgate parties and more, Kentucky Fried Wings are available classic (unsauced) or tossed in your choice of three sauces: Nashville Hot, Buffalo or Honey BBQ – all so finger lickin' good, you won't even need a Wet-Nap.

Thanks to Kentucky Fried Wings, gone are the days of waiting for hot and fresh wings, or needing to call ahead with an order. Kentucky Fried Wings are...

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Oct 11 8:19 AM, General News




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