Technomic: 2022 Global Restaurant Trends Forecast
The world has faced nearly two years of disruption and uncertainty, cautious optimism and unexpected challenges. As we enter another year, the pandemic continues to loom large, informing operations, planning, decision-making and forecasting for operators and suppliers alike. And yet, with so much uncertainty still in the air, it finally seems as though the steady recovery many had expected to make 2021 the bounce-back year may actually have a good chance at materializing in 2022. Vaccinations are rolling out; people are continuing to return to offices, schools and global travel...
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Hormel Foods Named One of America's Most Responsible Companies by Newsweek
Hormel Foods Corporation (NYSE: HRL), a global branded food company, has been named one of America's Most Responsible Companies by Newsweek magazine for the third year in a row. This honor is among the many honors and rankings the company receives for its world-class corporate responsibility efforts. The company was also recently recognized as a Best for Vets Employer by Military Times and received numerous accolades for its internship program by Vault.
"This recognition is a continued testament to the outstanding work being done by our company...
U.S. Department of Agriculture Announces Key Staff Additions and Promotions
The U.S. Department of Agriculture today announced the names of individuals who will hold key staff positions.
Sean Babington was named Senior Advisor for Climate in the Office of the Secretary
Most recently, Babington served as Senior Professional Staff to Chairwoman Debbie Stabenow on the U.S. Senate Committee on Agriculture, Nutrition and Forestry, where he handled committee business pertaining to forestry, pesticides, and climate change. Prior to joining the Committee, he worked in the office of U.S. Senator Michael Bennet from Colorado as Senior Policy Advisor...
Domino's Announces Senior Vice President Promotions
Domino's Pizza Inc. (NYSE:DPZ), the largest pizza company in the world, is announcing the promotions of Kate Trumbull, Christopher Thomas-Moore and Juan Joachin to senior vice president, effective immediately.
"These three individuals have been instrumental in bringing growth and innovation to Domino's in their respective areas," said Ritch Allison, Domino's CEO. "Their promotions are well-deserved, and I can't wait to see the positive impact they'll continue bringing to the brand."
In Trumbull's new role as senior vice president – brand and product innovation, she will oversee advertising, media, product innovation, and national sales...
Diversey Completes Acquisition of Birko Corporation and Chad Equipment LLC
Diversey Holdings, Ltd. (NASDAQ: DSEY), a leading provider of hygiene, infection prevention and cleaning solutions, today announced it has completed the acquisition of Birko Corporation, a North American manufacturer of food safety chemical solutions for the food and beverage industry, and Chad Equipment LLC, a subsidiary of Birko Corporation, which manufactures food safety equipment for the protein industries, with approximately 100 employees in total. With estimated 2021 sales of more than $40 million, this acquisition strengthens Diversey’s market presence in the United States and Canada...
Perspectives: Looking at Volatility in Natural Gas Markets with APPI Energy
Market volatility is seemingly settling in for the long haul as volatile Henry Hub natural gas prices - and as a result electricity prices – continue to rise. While no one can predict where prices will go as we head into winter, what we can do is take a closer look at what’s causing market volatility, as well as where to look to for viable solutions.
What’s Causing Market Volatility?
While the market has been in a period of declining prices for a number of years, no market can continue to go lower and lower. Currently, we’re seeing that play out, with increased market volatility and increased costs. There are a few reasons behind that...
Low Carbon Beef Approved as a USDA Process Verified Program Service Provider
Low Carbon Beef, a cattle certification program that enables beef farmers and ranchers to earn premiums by reducing carbon emissions of their cattle operation, today announced it has secured approval as a USDA Process Verified Program (PVP) Service Provider from the USDA Agricultural Marketing Service (AMS). This approval marks the first USDA PVP for calculating the life cycle GHG emissions for beef production. The PVP will enable beef providers to differentiate and market beef that is raised with reduced greenhouse gas emissions (GHGs)...
NTF Expands Turkey Smoke Series with Kansas City Barbeque Society
The National Turkey Federation (NTF) is pleased to continue its partnership with the Kansas City Barbeque Society (KCBS) to kick off the third year of the Turkey Smoke Series, which encourages both professional and amateur pitmasters to showcase the versatility and creativity of using turkey on the smoker or grill. The Turkey Smoke Series will feature a turkey category in barbeque competitions across the United States during the 2022 barbeque season. Pitmasters and Contest Organizers love that the Turkey Smoke Series...
DoorDash Introduces Ultra-Fast Grocery Delivery
DoorDash (NYSE:DASH) is introducing ultra-fast grocery deliveries in 10-15 minutes beginning with DashMart in New York City. With over 2,000 items, DashMart offers a wide assortment of fresh and frozen grocery staples, snacks, household goods, and local products to fulfill any last minute shopping needs – whether you forgot an ingredient for tonight's dinner, or don't have time to get more eggs and milk midweek. To start, ultra-fast deliveries will be offered from a new DashMart location in Chelsea, with more locations and partners coming over the next few months...
Tyson Foods to Give Frontline, Hourly Team Members Approximately $50 Million in Year-End Bonuses
Tyson Foods (NYSE: TSN) is saying thank you once again to its frontline and hourly team members by giving them approximately $50 million in year-end bonuses for their efforts over the past year. For team members in the U.S., these one-time bonuses will be based on tenure, range from $300 to $700, and be distributed starting this month.
“This is yet another way for us to say thank you and show how grateful we are for our frontline...
USDA Establishes Food Purchase Program to Transform the Food System, Build Back Better
The U.S. Department of Agriculture (USDA) today announced the establishment of the Local Food Purchase Assistance Cooperative Agreement Program (LFPA) that will award up to $400 million for emergency food assistance purchases of domestic local foods. Utilizing American Rescue Plan funds, these purchases will help to transform the food system and build back a better food system—one that is fair, competitive, distributed, and resilient because the purchases will expand local and regional markets and place an emphasis on purchasing from historically underserved farmers...
Minerva SA Completes Acquisition of Two Australian Plants
Brazilian meat processor Minerva SA has confirmed it has completed the acquisition of two meatpacking units in Australia.
The two plants, which specialise in sheep meat, Shark Lake and Great Eastern Abattoir, are both located in the west coast of Australia, and expected to start slaughter operations in December.
The investments were made through a Joint Venture ("JV") between Minerva Foods and SALIC in which Minerva Foods holds a 65% interest in the JV and SALIC the remaining 35%. When fully operating, the plants’ slaughter capacity may reach 1 million head/year...
Alexander & Hornung Recalls Fully Cooked Pork Products Due to Possible Listeria Contamination
Alexander & Hornung, a St. Clair Shores, Michigan establishment and business unit of Perdue Premium Meat Company, Inc., is recalling approximately 234,391 pounds of fully cooked ham and pepperoni products that may be contaminated with Listeria monocytogenes, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The products were produced on various dates. The products subject to recall with associated dates are listed here. View labels here.
The products subject to recall bear establishment number “EST. M10125” inside the USDA mark of inspection...
Erie Meat Products Ltd. Recalls Chicken Bologna Products Imported Without Benefit of Inspection
Erie Meat Products Ltd., the importer of record in Mississauga, Ontario, Canada, is recalling approximately 1,224 pounds of fully cooked chicken bologna products that were imported and distributed into the United States without the benefit of FSIS import reinspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The fully cooked chicken bologna items were imported on or around November 15, 2021. The following products are subject to recall:
24-lb. cases containing 12, 2-lb vacuum-packed packages of “GOLDEN MAPLE...
Beef + Lamb New Zealand and Silver Fern Farms Collaboration Increases Sales in U.S. Market
Beef + Lamb New Zealand (B+LNZ) and Silver Fern Farms are celebrating another year of successful joint marketing efforts in the United States. The partnership, which included a series of seasonal marketing campaigns, outdoor advertisements and creative brand programs, resulted in significant sales growth and increased awareness.
American appetite for grass-fed sustainably raised New Zealand beef and lamb is growing. Lamb and beef exports to the US have lifted by 41% and 5% respectively compared to the 2019-2020 season, with...
Jack in the Box to Acquire Del Taco
Jack in the Box Inc. (NASDAQ: JACK), one of the nation’s leading QSR chains, and Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second largest Mexican QSR chain by number of restaurants, today announced that the companies have entered into a definitive agreement pursuant to which Jack in the Box will acquire Del Taco for $12.51 per share in cash in a transaction valued at approximately $575 million, including existing debt. While this price per share offers an attractive premium to Del Taco shareholders, Jack in the Box estimates...
Versova, Northwest Farms and Proterra Investment Partners Acquire Williamette Egg Farms
Northwest Farms and Proterra Investment Partners (Proterra) has acquired the operations and assets of Willamette Egg Farms (Willamette) in the Pacific Northwest from Michael Foods, Inc., a subsidiary of Post Holdings.
Northwest Farms is a newly formed company that includes several egg farming families who also are owners in Versova Management (Versova). Versova, headquartered in Sioux Center, IA, has assumed day to day management of the farms, located in Washington and Oregon.
The acquisition includes Willamette’s egg farms in Moses Lake, WA; and Canby and Molalla, OR. The farms...
UK Lamb Could be Shipped to the U.S. in the New Year
Lamb exporters in the UK will have access to the American market – worth an estimated $48.9 million (£37 million) in the first five years of trade – as we head into 2022.
After extensive risk evaluations, US authorities have today removed the small ruminant rule, which was introduced more than 20 years ago banning imports of lamb from countries where scrapie had been identified.
Work has been ongoing to finalise this important piece of legislation in the US, effectively allowing UK processors to be eligible to ship...
NCC Submits Comments on the Labeling of Cell-Cultured Meat, Poultry Products
The National Chicken Council (NCC) believes cell-cultured products must be marketed in an appropriate manner that clearly conveys their basic nature to consumers and avoids confusion between cell-cultured protein products and traditional animal protein products.
“This approach ensures a neutral playing field wherein consumers are provided truthful information about cell-cultured products so that they may make choices as they deem most appropriate,” said NCC SVP of Scientific and Regulatory Affairs, Ashley Peterson, Ph.D., in comments submitted to USDA’s Food Safety and Inspection Service (FSIS) on...
ANALYSIS: The Rib Primal Trend - A More Focused Look
With the rib being the main focus going into the year's end, and a rally into that period is typical, let’s take a deeper look into the price cycle. We will also look at the pullback that follows...
Smithfield Foods' Saratoga Food Specialties to Expand, Nearly Double Presence in Southern Nevada
Smithfield Foods, Inc. today announced Saratoga Food Specialties, its customized dry seasoning blends, sauces, dressings, and glazes business, will nearly double its footprint in Southern Nevada and bring approximately 50 additional jobs to the Clark County area with support from the Nevada Governor's Office of Economic Development (GOED) and the Las Vegas Global Economic Alliance (LVGEA).
In December 2019, Saratoga announced plans to acquire and invest in a former seasonings production plant to be the company's premier sauces, dressings, and glazes facility. Building on its initial...
NCBA Fights for Definitive Labels on Lab-Grown Meat
Today, the National Cattlemen’s Beef Association (NCBA) submitted comments to the United States Department of Agriculture’s Food Safety and Inspection Service (USDA-FSIS) related to the labeling of meat or poultry products that contain lab-grown animal cells. NCBA believes that the term “beef” should only be applicable to products derived from livestock raised by farmers and ranchers. As USDA-FSIS works to develop regulatory standards for labeling lab-grown, or cell-cultured, protein products, NCBA is committed to ensuring that product labels are fair, accurate, and will safeguard a...
ANALYSIS: Year-End Chicken Production Begins to Recede
With the final month of Q4 upon us, market participants are reflecting on what has been a topsy turvy year...
ANALYSIS: Turkey White Meat Values: What Seasonality?
As we transition into December, there is little if any doubt that the turkey white meat complex has far outpaced historic seasonal expectations...
Sanderson Farms Recognized by Newsweek as one of America's Most Responsible Companies for 2022
Sanderson Farms, Inc. has been recognized by Newsweek magazine as one of America's Most Responsible Companies for 2022. This prestigious list is presented by Newsweek and Statista, Inc., the world-leading statistics portal and industry ranking provider. The complete list of the top 500 most responsible companies in the United States across 14 different industry subcategories can be viewed on Newsweek's website.
"We are honored to be recognized as a leading company in corporate responsibility, not only by Newsweek, but also by consumers nationwide," said...
National Pork Producers Council Hires New Chief Executive Officer
The National Pork Producers Council (NPPC) announced Bryan Humphreys has been chosen as the organization’s new chief executive officer, effective Dec. 21, 2021, following the retirement of long-time leader Neil Dierks. Humphreys brings with him years of experience in the pork industry, including as a former NPPC employee, state association executive and National Pork Board senior vice president, as well as outside the industry as a campaign operative, lobbyist and business owner.
“I am honored to have been chosen to lead NPPC as its CEO and continue..."
Blue Apron Now Available with Amazon Alexa
Blue Apron recipes are now available with Amazon Alexa, allowing for easier home cooking and more culinary exploration. Customers can prepare their Blue Apron Two-Serving and Four-Serving recipes with hands-free instructions on Alexa-enabled devices. In addition, individuals with Echo Show devices have the option to order select Blue Apron meal kits, no subscription required.
“We continue to add more product flexibility that addresses our customers’ diverse cooking interests and desire for unique flavors. Through this collaboration, Alexa customers in the United States can now prepare our..."
Kroger Reports Third Quarter 2021 Results and Raises Full-Year Guidance
The Kroger Co. today reported its third quarter 2021 results and will update investors on how key initiatives are positioning the company for long-term sustainable growth.
Comments from Chairman and CEO Rodney McMullen
"Kroger's strategy to lead with fresh and accelerate with digital continues to connect with our customers. Our agility, and the commitment from our amazing associates, is allowing us to navigate current labor and supply chain conditions and provide the freshest food at affordable prices across our store and digital ecosystem.
"Our focus on execution, combined..."
This Week in Retail: Jingle Bells, December Sells
December has arrived and retailers have been proactively preparing for what could be a record-breaking season for holiday spending.
The National Retail Federation predicts the highest holiday retail sales on record this year. According to the NRF’s forecast, holiday sales during November and December could grow between $843.4 billion and $859 billion. This compares with a previous high of $777.3 billion in 2020.
Rising incomes along with household wealth, a desire to return to in-person events, and a favorable weather forecast for the holiday season are among the factors contributing to a promising spending outlook...
Foodservice Industry Performance in October Slightly Declined from the Month Before
According to Technomic’s latest TIndex, its index on foodservice industry health, performance in October declined slightly compared to September, dropping to 97.8 from 98.9. The decline could be due to a few key factors, including softness in the travel and leisure segments as well as slight traffic moderation among independent restaurants.
“Based on this data, the industry is down 2.2% over a two-year basis,” explains Joe Pawlak, managing principal at Technomic. “With that being said, however, foodservice has grown by 18.5% compared to the same..."
Pork Producers Lobby Lawmakers on Issues
Preventing foreign animal diseases, addressing a shortage of agricultural workers and reauthorizing a livestock price reporting law are the primary issues on which pork producers will lobby their congressional lawmakers over the next two days, during the fall Capitol Hill fly-in of the National Pork Producers Council. More than 100 producers from across the country are expected to participate virtually in NPPC’s Legislative Action Conference.
“These are critical but by no means the only issues of concern to U.S. pork producers,” said NPPC President Jen Sorenson, communications director for Iowa Select Farms in...
Crave Launches Food Truck And Restaurants In Raleigh, N.C.
Crave Hot Dogs and BBQ is one of the fastest growing Hot Dog and BBQ restaurants in the United States. Their award-winning all beef hot dogs, hot and mild sausages, and brats, along with the pulled pork, pulled chicken and smoked brisket, it's a classic family friendly favorite with something for everyone! An array of toppings and sides are available to accompany the meal as well as desserts to include pineapple upside down cakes and toffee sticky cakes. Self-pour beer walls that use local craft beers, wines and...
Bojangles Celebrates Chicken Supremes, Art and Culture in NFT Collaboration
The Southern expert in flavorful food is mixin’ up a cultural blend so perfectly seasoned, you know it can only be from Bojangles. Today, the brand is launching its first ever batch of NFTs – Non-Fungible Tokens – individually crafted by seven North Carolina artists with a nod to Bojangles’ beloved Chicken Supremes™.
NFTs exploded on the scene this year as a non-reproducible form of digital assets, many of which have sold for millions of dollars and some even auctioned off at Christie’s Auction House for fine art...
ANALYSIS: Tightening Supplies Lift Cash Cattle Prices
Negotiating leverage in the spot market appears to be shifting from the packers to the cattle owners...
HelloFresh Brings Back Holiday Hosting Box and Introduces Winter Market Offerings
HelloFresh, the world’s leading meal kit company, is bringing back its annual Holiday Hosting Box, providing a sumptuous, stress-free feast to make holiday hosting easier than ever this season. Additionally, HelloFresh is introducing Winter Market, a collection of festive winter-themed appetizers, baking kits, quick snacks, and more, which can easily be added to customers’ weekly orders through the HelloFresh Market.
Holiday Hosting Box
The Holiday Hosting box provides all of the ingredients and step-by-step instructions to prepare a full holiday spread, with...
Maple Leaf Foods Announces National Bacon Month in December
Maple Leaf Foods today declared December as National Bacon Month, a time to celebrate what Canadians have made clear in new polling: bacon is unquestionably one of Canada's favourite foods. The Canadian producer of top-quality natural pork bacon products released an array of sizzling new facts and statistics to mark the beginning of National Bacon Month and the leadup to National Bacon Day on December 30.
The results are in: Canadians are 'hog wild' over bacon!
Bacon's story dates back to 1500 B.C in China, where pork belly was...