Technomic: Potential Economic Shock from Coronavirus Pandemic is Unprecedented 

There is wide disagreement about whether COVID-19 will be an economic shock with a sharp recovery or if it will pull the economy into a sluggish recession. The previous worst quarter in U.S. history for GDP was Q2 2009, immediately after the economic crash. That quarter, the GDP dove by 3.9%, a fraction of the projections we are seeing as a result of COVID-19. The economic shock from this event is unprecedented.

Consumer spending on foodservice continues to drop. For the average consumer, Technomic research suggests that spending has declined by an estimated 45% from a typical week in February, with further planned reductions expected to come. Consumer demand is still present in the marketplace, but as the pandemic has heightened and concerns have grown, a new normal is setting in. Shelter-in-place and social distancing actions have resulted in...

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Technomic: Potential Economic Shock from Coronavirus Pandemic is Unprecedented 

There is wide disagreement about whether COVID-19 will be an economic shock with a sharp recovery or if it will pull the economy into a sluggish recession. The previous worst quarter in U.S. history for GDP was Q2 2009, immediately after the economic crash. That quarter, the GDP dove by 3.9%, a fraction of the projections we are seeing as a result of COVID-19. The economic shock from this event is unprecedented.

Consumer spending on foodservice continues to drop. For the average consumer, Technomic research suggests that spending has declined by an estimated 45% from a typical week in February, with further planned reductions expected to come. Consumer demand is still present in the marketplace, but as the pandemic has heightened and concerns have grown, a new normal is setting in. Shelter-in-place and social distancing actions have resulted in...

Full Story »
Apr 2 2:44 PM, General News



U.S. Plant-Based Retail Market Worth $5 Billion, Growing at 5X Total Food Sales

New data released today by the Plant Based Foods Association (PBFA) and The Good Food Institute (GFI) shows U.S. retail sales of plant-based foods have grown 11.4 percent in the past year, bringing the total plant-based market value to $5 billion.

The total U.S. retail food market has grown just 2.2 percent in dollar sales during this same period—and was flat in unit sales—showing that plant-based foods are a key driver of growth for retailers nationwide. This data covers the total grocery marketplace and was commissioned from SPINS.

The leading drivers of plant-based sales continue to be plant-based milks, meat, dairy alternatives in general, and plant-based meals. Sales of plant-based milks grew 5 percent over the past year, now making up 14 percent of...

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Apr 2 3:03 PM, General News


Kroger Provides Business Update Related to COVID-19

The Kroger Co. filed its annual report on Form 10-K and announced business updates in response to the impact from the novel coronavirus.

"Kroger's most urgent priority is to provide a safe environment for associates and customers, with open stores, comprehensive digital solutions and an efficiently-operating supply chain, so that our communities have access to fresh, affordable food and essentials," said Rodney McMullen, Kroger's chairman and CEO. "We are so proud of our dedicated associates who are on the front lines serving our customers when they need us most. A huge thank you to all of our associates, whose efforts are nothing short of heroic."

After experiencing strong sales in February, the COVID-19 pandemic triggered a significantly greater lift in...

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Apr 2 8:18 AM, General News


Canada's Food Price Report: Food Prices Expected to Rise 4% in 2020

Both Dalhousie University and the University of Guelph are issuing an update on Agri-food Analytics Lab's forecast for Canada's food prices for 2020. In December of last year, it was forecasted that food prices would increase between 2 and 4 percent, with meat increasing between 4 and 6 percent.

Considering the coronavirus pandemic, the analytics lab does not believe the overall forecast for food prices in 2020 will change. According to the update, food prices are expected to increase by no more than 4 percent, as predicted in December 2019. However, retail and processing sectors are under pressure to change food safety practices, to make customers feel safer. These new protocols will require...

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Apr 2 1:54 PM, General News


NRF Chief Economist: Stopping the Pandemic is First Step to Restoring Sound Economy

In the April issue of the National Retail Federation’s Monthly Economic Review, NRF Chief Economist Jack Kleinhenz says the coronavirus pandemic “has triggered shocks” – but that the underlying economy is sound.

“How quickly the country gets a handle on containing the virus will determine the degree of the impact on the economy and how soon businesses can reopen,” Kleinhenz wrote in the report. “We expect a severe contraction, and if the nation doesn’t get the virus under control the fallout will be worse.”

Gross domestic product that was growing at a 2.1 percent annual rate at the end of 2019 is “about to go into a mandated nosedive,” according to the report. And retail sales data for March...

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Apr 2 3:27 PM, General News


Boston Market Puts Easter Dinner On the Table with Convenient Options

Boston Market is making it easier to put a home-style dinner on the table this Easter with free delivery, curbside pickup and numerous complete meal options now available. With selections that can be preordered and picked up (or available curbside) at restaurants across the country or shipped directly to your front door for free, Boston Market hopes to make family time the focus this Easter with simple meal solutions for all.

"With all that is happening around the world right now, we know that Easter celebrations will be different, and smaller, this year," said Boston Market Chief Executive Officer Eric Wyatt. "Our team at Boston Market would like to help with any type of Easter meal you might be planning, with numerous convenient options available for pickup, home delivery or...

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Apr 2 8:17 AM, General News


IFA Announces New Initiative to Ensure Truck Drivers have Access to Food on the Road

The International Franchise Association (IFA) today announced that it is working with the Owner–Operator Independent Drivers Association (OOIDA) and The American Trucking Associations (ATA) on a new project aimed at helping truck drivers to navigate the coronavirus pandemic.

Truck drivers are playing a unique and essential role keeping the economy functioning during this period of social distancing and quarantine. However, because increased restrictions on dine-in options, truck drivers are struggling to eat on the road and facing new challenges as they do their jobs. In short, their trucks are too big to fit in a drive-thru, it’s largely prohibited for..

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Apr 2 4:25 PM, General News


Performance Food Group Announces Partnerships and Corporate Actions

Performance Food Group Company announced several new partnerships and corporate actions to strengthen its business during the novel coronavirus pandemic.

“As we all adapt to the COVID-19 pandemic, our company is in a crucial position to keep our country’s food supply chain strong,” said George Holm, PFG Chairman, President & CEO. “We are proud of the tremendous effort and dedication shown by our talented associates who are working tirelessly to keep people fed during this time. In addition to working with our existing customers, we have formed several new partnerships, brought in new business and shared many of our associates with organizations that are experiencing labor shortages. PFG is also diligently assessing and managing how we spend our capital so that we are in the best financial position possible. With our new partnerships and...

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Apr 1 2:39 PM, General News


Consumer Confidence Index Declined Sharply in March

The Conference Board Consumer Confidence Index declined sharply in March, following an increase in February. The Index now stands at 120.0 (1985=100), down from 132.6 in February. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – decreased from 169.3 to 167.7. The Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – declined from 108.1 last month to 88.2 this month.

“Consumer confidence declined sharply in March due to a deterioration in the short-term outlook,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “The Present Situation Index remained relatively strong, reflective of an economy that was on solid footing, and prior to the recent surge in unemployment claims. However...

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Apr 1 8:17 AM, General News


U.S. Restaurant Chain Transactions Drop by 36% as Mandated Restaurant Dine-In Closures Take Effect

The mandated restaurant dine-in closures that took effect in most states beginning the week ending March 22 took a toll on U.S. restaurant transactions, reports The NPD Group. Total restaurant customer transactions declined by 36% in the week ending March 22 compared to same week year ago, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 70 quick service, fast casual, midscale, and casual dining chains.

Customer transactions at quick service restaurants, which represent the bulk of restaurant industry transactions and have more off-premise business than full service restaurants, decreased by...

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Apr 1 8:17 AM, General News


Nikolaus Schimpf, Industry Icon, Passes Away 

Nikolaus Schimpf, age 91, of Dousman passed away on Thursday, March 26, 2020, at Angels Grace Hospice. Nick was born on December 6, 1928, to Michael and Maria (Stein) Schimpf in Yugoslavia. He married the love of his life, Helen Russ in Milwaukee on May 30, 1953.

Nick immigrated from Austria into the U.S. in 1951 to Cairo, IL. Four months later, he moved to Milwaukee to work at Harnischfeger Co. He also worked in construction as a mason at the Lakefront. In 1958, Nick and his father-in-law started the S&R Egg Farm. The farm has grown into the largest farm in the state with over 5 million egg laying chickens. The farm is currently operated by...

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Mar 31 11:20 AM, General News

Egg Industry Icon, Fred R. Adams Jr., Passes Away 

Cal-Maine Foods, Inc. announced that Fred R. Adams, Jr., the Company’s Founder and Chairman Emeritus, died on Sunday, March 29, 2020, at the age of 88, following an extended illness. 

Adams founded Adams Egg Company in 1957, which was the predecessor to Cal-Maine Foods, Inc., incorporated in 1969. He served as Chairman and Chief Executive Officer of the Company until 2012, at which time he was named Chairman Emeritus. Under his leadership, Cal-Maine Foods experienced significant growth to become the largest producer and distributor of fresh shell eggs in the United States with fiscal 2019 sales of approximately 1.039 billion dozen shell eggs, representing approximately 19 percent of domestic shell egg consumption in the United States. Adams was well respected throughout the egg industry and remained active in...

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Mar 31 11:11 AM, General News

Asian Consumers Are Rethinking How They Eat Past COVID-19 

Consumers across Asia have signaled their eating habits may change permanently once the world moves beyond the impact of the novel coronavirus (COVID-19). In an exclusive Nielsen study of 11 Asian markets, only Japanese consumers say they are less likely to change their eating habits as a result of the global pandemic.

The study, the first in a wave of Nielsen explorations underway across 74 markets, indicates that consumers in Chinese mainland, Hong Kong, South Korea, Malaysia and Vietnam will rethink and re-prioritize the place eating at home has in their lives. In Chinese mainland, 86% said they would eat at home more often than before the outbreak. In other markets, a similar trend was observed with 77% of consumers in Hong Kong planning to eat at home more often than...

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Mar 31 8:17 AM, General News


Restaurants Offer Deals to Boost Traffic During the Coronavirus Pandemic 

Now that President Trump has extended social distancing guidelines until April 30th, consumers should expect to get food delivered, takeout, or from the drive-thru for the next month when they want to dine out. Restaurants are offering incentives to get consumers to eat away from home to generate income during these unprecedented times.

Taco Bell announced that the chain wants to give back to Americans this Tuesday, with a free Doritos Locos Taco for drive-thru guests. The restaurant is also offering free delivery through GrubHub on all orders more than $12.00. The chain will also be transforming its Taco Bell Trucks to...

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Mar 31 8:17 AM, Urner Barry


Retail Fresh Produce Demand Soars, but Landmines Remain During Coronavirus Pandemic 

The COVID-19 situation has created a surge in fresh produce demand in retail grocery, but challenges around foodservice, logistics, macroeconomics, and labor availability pose ongoing threats. While fresh produce sales through foodservice channels have largely dried up, consumers continue to stock up on grocery items, including fresh produce.

Logistics have been strained, both globally and domestically, but the industry is adapting rapidly. The imminent global recession and rapid climb in the value of the US dollar will continue to threaten global demand, even after the virus is contained. Labor availability constraints and increases in...

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Mar 31 8:16 AM, General News


Mar 30 11:27 AM, Urner Barry

VIDEO: New COMTELL Spotlight - Improved Charting and History Pages

Our team at Urner Barry has been working relentlessly on an overhaul of our flagship online service COMTELL.  Today we are putting a spotlight on...

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Cal-Maine Foods Reports Third Quarter Fiscal 2020 Results

Cal-Maine Foods, Inc. reported results for the third quarter ended February 29, 2020.

Net sales for the third quarter of fiscal 2020 were $345.6 million, a 10.0 percent decrease, compared to $384.0 million for the third quarter of fiscal 2019. The Company reported net income of $13.7 million, or $0.28 per basic and diluted share, for the third quarter of fiscal 2020, compared to net income of $39.8 million, or $0.82 per basic and diluted share, for the third quarter of fiscal 2019.

For the thirty-nine weeks ended February 29, 2020, net sales were $898.3 million compared to $1,080.6 million for the prior-year period. The Company reported net loss of $42.1 million, or...

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Mar 30 8:46 AM, General News


Urner Barry's Coronavirus Special Report

Urner Barry is the leading provider of protein market news and information in the food industry. Through daily canvasses of the trade and an unrivaled historical database, our analysts are uniquely positioned to report on underlying conditions and significant disruptors to the market.

In this special report, Urner Barry reporters outline the biggest impacts in the commodity protein markets seen so far due to the global COVID-19 pandemic. The insights provided here are powered by Urner Barry’s premier information platform, COMTELL. The situation continues to develop...

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Mar 27 9:30 AM, Urner Barry


ANALYSIS: Egg Prices Begin to Stabilize as Consumer Shopping Slows, Demand Normalizes

Following weeks of unrelenting demand, market sources from coast to coast are beginning to see retail orders for eggs...

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Mar 27 8:27 AM, Urner Barry


Wendy's Provides Coronavirus Update and Actions Taken

The Wendy's Company announced an update on the impact of the COVID-19 pandemic on the Company's business.

"This is an unprecedented time, and we are focused on the actions where we can make a positive difference. To that end, we have taken several precautionary steps to advance public health goals, maintain essential access to high quality food, support our franchisees, and safeguard our team members and customers from the spread of COVID-19," said President and CEO Todd Penegor. "As we navigate any challenges we face, we'll do it...

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Mar 27 8:21 AM, General News


FSIS Loosens Labeling Enforcement, Allows Foodservice Items Easier Access to Retail

The United States Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced labeling flexibilities for products that were initially intended to head to the foodservice sector but have been rerouted for retail establishments.

FSIS broke down three situations which describe how product can move to retail with certain labeling deviations. These new allowances only apply to product that has already undergone production.

Product that is being produced is expected to meet all requirements.

Labeling at a Federal Establishment

Products made at a Federal establishment intended for HRI...

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Mar 27 8:20 AM, SeafoodNews


National Restaurant Association Cancels Upcoming May Show

The National Restaurant Association Show, which was set to take place in Chicago from May 16-19, has been canceled. 

“After many weeks of monitoring the evolving situation around COVID-19, including guidance from the CDC and the Governor of Illinois, it is with great regret that we announce the unavoidable cancellation of this year’s National Restaurant Association Show,” an update on the show website explained. 

This is not the only food show to be canceled due to the coronavirus. Natural Products Expo West, which was set for...

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Mar 26 11:56 AM, SeafoodNews


Coronavirus Impact Leads to Highest Unemployment Claims in U.S. History 

According to the U.S. Department of Labor, during the week ending March 21st, the increase in initial unemployment claims due to the impact of the coronavirus reached a record high. States are continuing to cite service industries broadly, particularly foodservice. Additional industries also cited include social services, transportation, warehouses, and manufacturing industries.

A record 3,283,000 people filed claims for unemployment in the United States last week as the coronavirus pandemic shut down large parts of the economy. The labor department reported that the advance figure for seasonally adjusted initial claims showed an increase of 3,001,000 from the previous week's revised level.

This marks the highest level of claims in the history of the seasonally adjusted series. The previous high was 695,000 in October of 1982. The previous week's level was revised up by...

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Mar 26 10:41 AM, Urner Barry


An Updated List of Every State That Has Closed Restaurants Due to the Coronavirus 

Editor's note: This story was updated at 12:15 p.m. on Thursday, March 26.

With cases of the novel coronavirus (COVID-19) in the U.S. continuing to grow, a number of states are taking action to stop the spread. Lawmakers across the country have implemented bans on restaurants and bars, as well as large gatherings. Some states have yet to take such action, but restaurants on an individual level are choosing to shutter for the time being.

Meanwhile, President Trump recommended on Monday afternoon that people avoid... 

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Mar 26 8:26 AM, SeafoodNews


Yum Brands Closing 7,000 Stores Globally Due to COVID-19

Yum Brands is closing 1,000 Pizza Hut Express outlets and at least 900 U.K. KFC stores in a group of 7,000 restaurant outlets the Louisville, Kentucky-based company said it is closing globally, according to a U.S. Securities and Exchange Commission filing and the Louisville Courier-Journal newspaper.

As the parent company of those two brands, as well as the Mexican-American QSR, Taco Bell, and the fast casual brand it just closed the sale on this month, The Habit Burger Grill, Yum has approximately 50,000 outlets globally.

The SEC filing relayed that the cause for the closings was the current COVID-19 pandemic and...

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Mar 26 8:22 AM, Urner Barry


Restaurants in America Offer Contactless Delivery Similar to China's Model

During the wake of the coronavirus outbreak in China, the country began taking extraordinary steps to prevent the spread of the virus by introducing contactless delivery services to keep customers and employees safe. As part of the process, customers order remotely via mobile phones or computers, and workers seal the meals in bags and place them in a pre-determined location without any human contact.

Some reports stated that these contactless delivery options also come with a card that provides the name and temperature of the person who made the food, as well as the person who delivered it. Quick service chains taking these precautions in China include McDonald's, Starbucks, and...

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Mar 26 8:20 AM, Urner Barry


Coronavirus Cases Continue to Impact Foodservice and Retail 

Cases of COVID-19 are continuing to surface as the virus spreads and more tests become available. States across the country are still enforcing restrictions and guidelines, encouraging people to social distance.

Retailers have gone from limiting hours to closing completely until further notice. Grocery stores are struggling to keep shelves stocked as consumers continue to panic buy and stockpile essentials. Amid all the hysteria, restaurants are creatively finding new ways to serve guests and generate income.

As of March 18th, the National Restaurant Association predicts that the foodservice industry could lose up to $225 billion and 7 million jobs. Mandatory restaurant closures have caused...

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Mar 26 8:20 AM, Urner Barry


Protein Alternatives Market Outlook to 2025; Dominated by Cargill

According to ResearchAndMarkets, the global protein alternatives market is projected to grow with a CAGR of 7.4% during the forecast period (2020-2025).

The market studied has witnessed a significant growth due to the increasing intolerance toward animal protein, thereby leading to the shift in preference of the meat-consuming population toward meat substitutes made of vegan protein, therefore, driving the market studied.

Consumers in developing regions, like Asia-Pacific and Africa, have started to incorporate more protein in their daily diets. Many companies operating in the market place have started to initiate...

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Mar 25 9:55 AM, General News


Nature's Fynd Raises $80 Million in Funding to Commercialize New Alternative Proteins

Nature's Fynd, a food tech company producing a protein from a microbe originally discovered in the geothermal springs of Yellowstone's ancient volcano, has raised $80 million in new funding.

The company was previously named Sustainable Bioproducts.

Production began this month at Nature's Fynd's new 35,000-square-foot manufacturing facility on the site of the historic Union Stockyards in Chicago's South Side. The company will commercialize food and beverage products across...

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Mar 25 9:32 AM, General News


ANALYSIS: Shell Egg Prices Soar to Record High Levels as COVID-19 Demand Persists, Inventories Drop

U.S. shell egg prices soared to fresh all-time highs today, as retail demand continues to come in at levels never-before seen due to COVID-19. The early round of buying witnessed a few weeks ago was...

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Mar 25 8:25 AM, Urner Barry


Technomic: Foodservice Growth Projected to Decline 11-27% in 2020 Due to Coronavirus

COVID-19 continues to disrupt the entire foodservice industry and will only continue to have significant consequences. Using our current understanding of the crisis, we modeled out numerous scenarios to understand the scope of its impact. Presently, the expected foodservice impact ranges from a decline of 11% to 27% in year-over-year growth for 2020.

But while most of the changes seem grim, there are also signs of hope, specifically from the operators who are adapting their service model in response to the new environment.

It’s no surprise that travel and leisure will take the biggest hit. The business and industry sector is being severely impacted by office closures and...

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Mar 25 8:23 AM, General News


Instacart Announces Plans to Bring on 300,000 New Personal Shoppers Over the Next 3 Months

Instacart announced plans to bring on an additional 300,000 full-service shoppers over the next 3 months to meet the growing customer demand for grocery delivery and pickup in North America. Instacart has become an essential service for millions of customers who are relying on the platform to get access to the groceries and household goods they need in a safe, reliable and affordable way.

In the last few weeks, the company has seen order volume grow by more than 150% year-over-year, with average customer basket size also increasing by 15%. By more than doubling the size of its full-service shopper community, Instacart will be better positioned to meet this increase in...

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Mar 25 8:22 AM, General News


U.S. Restaurant Customer Transactions Decline by 8% in Week Ending March 15

With the COVID-19 pandemic spreading throughout the country, more people working from home, and social distancing guidance in place, U.S. restaurant customer transactions declined by 8% in the week ending March 15 compared to year ago, reports The NPD Group.

In the prior week ending March 8, the quick service restaurant chain “breakfast wars” helped to drive a 4% increase in total U.S. restaurant customer transactions compared to year ago, according to NPD’s CREST Performance Alerts, which provides...

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Mar 25 8:21 AM, General News


India on 21-Day Lockdown to Contain Coronavirus 

India Prime Minister Narendra Modi announced Tuesday afternoon that the country will be on a 21-day lockdown as they try to contain the spread of the novel coronavirus (COVID-19). The lockdown will begin at midnight local time and applies to all of India’s 36 states and territories. 

As of this writing there are 519 confirmed coronavirus cases in the country that is home to 1.3 billion people.

According to the guidelines, the Offices of the Government of India will remain closed except for some exceptions...

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Mar 24 1:15 PM, SeafoodNews


How Grocery Stores Are Responding to the Coronavirus Outbreak

Grocery stores are struggling to keep products on the shelves as Americans hunker down amid the coronavirus (COVID-19) outbreak. Prior to multiple states announcing “stay home” or “shelter in place” measures, people flocked to supermarkets to stock up on essentials. COVID-19 triggered “panic buying” across the U.S., with customers clearing shelves of toilet paper, canned goods, frozen foods, proteins and more. Now, with many people staying inside their homes, grocery stores across the U.S. are implementing new measures.

Some stores, like Kroger, are closing down their...

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Mar 24 11:47 AM, SeafoodNews


Rabobank: Coronavirus' Impact on the U.S. Beverage Landscape by Channel

Rabobank breaks down how coronavirus so far has impacted the US beverage landscape by channel: off-premise and on-premise.

Off-Premise: The Storm Before the Quiet?

The most up-to-date IRI data (through March 8) shows that consumers started to boost food and beverage spending as early as mid-February. Rabobank's sources, however, indicate that there was a drastic shift in consumer behavior starting on March 11 and March 12, at which time consumers really started stocking up on essentials (in fact, the CDC recommends having at least a two-week supply of “essentials”). Reportedly, one major supermarket chain saw record, single-day sales on...

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Mar 24 8:18 AM, General News


Papa John’s to Hire 20,000 New Team Members Immediately

Papa John’s announced the company is hiring up to 20,000 new restaurant team members.

“For anyone looking for immediate ways to earn an income, we’re making it quick and simple to apply, interview and be hired at Papa John’s,” said Marvin Boakye, Papa John’s chief people and diversity officer. “We want to add talented team members to our Papa John’s family across the country to deliver food safely to our customers’ doorsteps. We are in the unique position – as a restaurant that specializes in...

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Mar 24 8:18 AM, General News


Business Groups Send Letter to White House Calling for Economic Stabilization Efforts

The National Retail Federation was among 90 retail industry trade groups that sent a letter to the White House applauding the Trump Administration and House and Senate leadership for their efforts to protect public health and minimize the economic impact of the coronavirus pandemic.

The letter states, “The economic harm from social distancing and mandatory store closures is real. Layoffs and economic hardship will surely follow, particularly for smaller, specialty retailers and brands. The biggest single issue facing the industry right now is liquidity, and federal stimulus efforts must be swift and flexible enough to address the urgent need for access to credit to keep these businesses afloat.”

The retail industry, and the associated suppliers they support, are suffering cumulative losses that amount to tens of billions of dollars every week. As the nation’s largest...

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Mar 24 8:17 AM, General News


Yum China Provides Business Update 

Yum China Holdings, Inc. updated stakeholders on the impact of the coronavirus (COVID-19) situation.

The current COVID-19 situation is one of unprecedented scale and impact, and first and foremost we want to give thanks and appreciation to all the medical personnel, government workers, volunteers and other frontline workers who have put public health and safety above their own in fighting this global pandemic. At Yum China, our commitment has been to safety above all else -- safety for our employees, as they operate in this difficult environment; and safety for our customers, as they...

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Mar 23 9:33 AM, General News


Secretary Perdue Announces New USDA Administration Leadership

U.S. Secretary of Agriculture Sonny Perdue today announced the appointment of David Wu to serve as Deputy Assistant Secretary for Administration at the U.S. Department of Agriculture (USDA).

“Don Bice has played a critical role in ensuring USDA is the most efficient, effective, customer focused agency in the federal government. He has made great strides in the modernization of the Department and has carried out our vision with dedication and passion. I thank Don for his service on behalf of the American people and wish him well in the future,” said Secretary Perdue. “David Wu’s extensive experience and expertise make him a perfect fit for this role. I am confident that with...

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Mar 23 8:18 AM, General News


States are Enacting Shelter-in-Place Policies—What Does it Mean for the Food Industry?

On Thursday, California issued what’s known as a “shelter-in-place” policy, putting further restrictions on residents in order to curb the spread of COVID-19. The measure has been echoed in other states like Pennsylvania and New York, with many other states anticipated to follow suit. The new rules come after the death toll surpasses 200 in the U.S.

But what does it mean exactly?

The directive essentially mandates that people stay home and practice social distancing, while all non-essential businesses are closed. Residents can still go outside and may travel to procure essentials like food and seek medical care.

“Everyone is required to stay home except to get food...

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Mar 23 8:17 AM, Urner Barry


Urner Barry Introduces New Offering Designed to Help Companies via Strategic, Customized Consulting

Proud to welcome back Angel Rubio in new capacity as Economist for Urner Barry

March 20, 2020, Toms River, NJ – Urner Barry, the leading provider of protein market news and information in the food industry, is pleased to announce its newest offering designed to help customers develop better, data-driven business strategies through UB Consulting.

Brought to you by the leading commodity intelligence provider, UB Consulting offers unique insights using proprietary prices and trusted market indicators and statistics. The exclusive market perspective offered by our economists and analysts provides customers with premium insights into the datasets that....

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Mar 20 11:59 AM, Urner Barry


Coronavirus Outbreak Leads to Rise in Concerns Among Consumers 

Datassential has released its latest wave of coronavirus research, and as the virus continues to dominate headlines, consumers' concerns have grown. Retail shelves have been wiped clean of food and supplies, gatherings have been discouraged or cancelled, and restaurants are facing mandatory closures.

In just the past four days, concerns have risen significantly among consumers. With the acceleration of the coronavirus news cycle, about 71% of Americans now consider themselves “very familiar” with the situation, which is a jump of 13 points in half a week. Americans' personal concern for exposure is up by 8 points. As of this past weekend, 49% of consumers are “very concerned” about the risk and expressed huge concern for...

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Mar 20 8:22 AM, Urner Barry


National Restaurant Association Calls on Congress for Relief Amid Coronavirus Outbreak 

The National Restaurant Association called on President Trump and congressional leaders to provide immediate relief in the wake of government-mandated operational changes. The large-scale closures and restrictions on gatherings have created an economic hardship that will ripple through every community in this country.

Early economic forecasts reveal the industry will sustain at least a $225 billion loss and be forced to eliminate between 5 to 7 million jobs over the next three-months; however, the White House and others are projecting a potentially longer period for reduced operations. In a letter to the Administration and Congress, the National Restaurant Association outlined several options that can provide...

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Mar 20 8:22 AM, General News


Darden Restaurants Reports Fiscal 2020 Third Quarter Results

Darden Restaurants, Inc., reported its financial results for the third quarter ended February 23, 2020.

Third Quarter 2020 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year

Total sales increased 4.5% to $2.35 billion driven by the addition of 40 net new restaurants and a blended same-restaurant sales increase of 2.3%

Same-restaurant sales by brand:

  • +2.1% for Olive Garden
  • -1.6% for Cheddar's Scratch Kitchen
  • +3.9% for LongHorn Steakhouse...
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Mar 20 8:21 AM, General News


ANALYSIS: Shell Egg Prices Soar 95%, Inventories Drop as COVID-19 Fears Drive Retail Demand

U.S. shell egg prices have nearly doubled over the past two weeks, as coronavirus-related concerns have flooded retail stores with shoppers in pursuit of household necessities – eggs being one of the most...

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Mar 19 8:30 AM, Urner Barry


JUST Expands Partnerships Globally, Raises Capital & Adds Former Coca-Cola Executive

JUST announced a host of partnerships to manufacture and distribute its JUST Egg across North America, Latin America, Europe, and East Asia. This global infrastructure, which includes millions of additional points of potential distribution and access to production facilities on multiple continents, will provide the scale needed to meet the increasing worldwide demand for the product.

Included in this partnership announcement are South Korea’s food company, SPC Samlip; one of Southeast Asia’s largest food companies, Betagro Group; bakery company, Grupo Bimbo; one of Latin America’s largest edible oil and fat producers, Alianza Team; and local delivery platform, Delivery Hero. This infrastructure builds on a previously announced manufacturing and distribution partnership with...

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Mar 19 8:23 AM, General News


Emerging Consumer Demands Lead to Increasing Role of In-Store Technology 

According to Nielsen, brick and mortar retail may be preparing for a resurgence. Consumer demands are pointing to an increasing role of technology in stores. Investments in in-store technology spiked nearly 60% to $3.7 billion in 2019. Research also forecasts that digital natives will open another 850 physical stores by 2023.

Trends for fast-moving consumer goods may follow, as consumers have never been more receptive to technology than they are currently. Approximately 64% of consumers claim their lives are getting busier, providing...

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Mar 19 8:22 AM, Urner Barry


Yum! Brands Completes Acquisition of The Habit Restaurants

Yum! Brands, Inc. announced the completion of its acquisition of The Habit Restaurants, Inc., following the approval by The Habit Burger Grill stockholders. The transaction marks the addition of the first fast-casual concept to Yum! Brands’ portfolio of iconic global restaurant brands.

Yum! Brands acquired all of the issued and outstanding common shares of The Habit Burger Grill for $14 per share in cash or a total of approximately $375 million. Yum! Brands funded the transaction using cash on hand and available...

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Mar 19 8:19 AM, General News


Coronavirus to Impact Eating Behaviors Across Multiple Sectors

According to recent research from Datassential, the coronavirus will impact consumers' eating behaviors across multiple sectors. While it is impossible to predict precisely how the virus will spread, insights can be shared as to how consumers will react.

Restaurants are vulnerable to dramatic traffic declines. Coronavirus has led to nearly 60% of consumers expressing concern about eating out, with one in five "definitely" avoiding doing so. The fear is most significant among parents, urban dwellers, and higher earners. Datassential predicts that if the situation worsens, family dining and kids meals will be the most impacted, particularly for restaurant brands located in city centers. About 20% of those surveyed would...

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Mar 18 8:28 AM, Urner Barry


Mar 17 9:06 AM, Urner Barry Video

VIDEO: Coronavirus Incites Panic Buying at Retail; Nationwide Restaurant Closures

Coronavirus Incites Panic Buying at Retail; Nationwide Restaurant Closures Due to Coronavirus; Sponsored by The Meat Buyer's Guide Online
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Quick Service Breakfast Wars Help Drive Transactions Up Despite Coronavirus

The 24/7 news cycle around the coronavirus (COVID-19) didn’t deter consumers from sampling an array of breakfast promotions offered by quick service restaurant (QSR) chains last week. The QSR chain “breakfast wars” helped to drive a 4% increase in total U.S. restaurant customer transactions for the week ending March 8 compared to same period year ago, reports The NPD Group.

QSR chains, which represent the bulk of U.S. restaurant customer transactions, also grew transactions by 4% in the week ending March 8, the highest gain in...

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Mar 17 8:58 AM, General News


Urner Barry Market Coverage Remains Uninterrupted During COVID-19 Pandemic

As the situation surrounding the COVID-19 pandemic continues to escalate and create uncertainty, Urner Barry is committed to providing our customers with constant updates on the impacts in the food and agriculture industry. Monitoring changes and disruptions to normal supply and demand patterns, we will continue to publish the critical information you need to stay abreast of the situation and its impact on the markets. We understand our customers’ reliance on our market intelligence is crucial when operating under normal business conditions, and is especially necessary in times like this. We have a robust business continuity plan so you can have uninterrupted access to the market coverage you need.

Our editorial team is providing updates throughout the day. COMTELL subscribers can...

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Mar 17 8:25 AM, Urner Barry


New COMTELL Spotlight: Improved Charting and History Pages

Anticipating market fluctuations has never been more important for the protein industry. Comtell users leverage years of historical pricing and trends to...

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Mar 17 8:24 AM, Urner Barry


UPDATE Mar 17, 2020: Urner Barry’s Executive Conference 2020 Postponed, New October Dates Announced

Due to the escalation of the situation concerning the COVID-19 pandemic, and the uncertainty surrounding the latest statement from MGM on the temporary closing of their Las Vegas resorts, including the Bellagio, Urner Barry has made the decision to postpone the annual Executive Conference to October 4-6, 2020. The event was originally scheduled for April 26-28, 2020. The venue will remain the Bellagio in Las Vegas for the new dates in October.

The wellbeing of our community and colleagues remains our number one priority so, whilst this decision has not been taken lightly, we feel that moving the event further back in the year will provide the best possible opportunity for you to meet your business needs.

“Urner Barry’s decision to postpone the conference is in the best interest of all of us...

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Mar 17 8:23 AM, Urner Barry


Grocery Stores Start Cutting Hours and Limiting Quantities as Coronavirus Incites Panic Buying 

Consumers are flocking to supermarkets and stockpiling supplies in preparation to quarantine due to the coronavirus outbreak. Some of the largest grocery chains are announcing measures to maintain supplies and keep stores clean. Across the country, toilet paper and canned foods are being completely bought up as cases continue to rise.

Now, grocers are beginning to cut hours and are limiting sale quantities per customer on items that are in high demand.

Walmart is taking preventative measures to keep stores clean and maintain a healthy environment. The retailer is also pursuing easier ways to sanitize shopping carts, and are evaluating whether to modify store hours at some 24-hour facilities to allow for additional cleaning. Walmart said in a press release that they will be working to...

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Mar 16 12:46 PM, Urner Barry


Restaurants Limit Business to Prevent Spread of Coronavirus 

Due to the spread of the coronavirus in the United States, restaurants and bars are closing or limiting business to prevent further contamination. Governors in states including California, Ohio, Illinois, Massachusetts, and Washington have closed restaurants, bars, and wineries. Meanwhile, mayors of major cities throughout the country have ordered similar restrictions. These decisions come amid growing pressure for state and city governments to act as the number of coronavirus cases in the United States is rising. At the time of this publication, there are over 3,800 cases throughout the country.

Several restaurant chains announced that they will be closing their dining rooms, switching to take out or delivery models until further notice. Chick-fil-A announced...

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Mar 16 10:23 AM, Urner Barry


Mar 16 8:54 AM, Urner Barry Video

VIDEO: Dining Out During Coronavirus Fears; Movers of the Week

Restaurant Chains Grapple with Coronavirus Fears; Movers of the Week from the HRI Buyers Guide; Sponsored by Obsono's Market Insight
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President Trump Declares National Emergency in Response to Coronavirus

In response to the growing number of coronavirus cases in the United States, President Trump declared a national emergency. The declaration will allow for more federal funding to combat the virus, and provide access to more federal aid for states and municipalities.

According to a letter Democrats sent the president earlier this week, an emergency declaration would allow states to request a 75% federal-cost share for expenses that include emergency workers, medical tests, and medical supplies.

In a news conference, President Trump addressed the vigilant efforts to defeat the virus. President Trump stated this declaration will release...

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Mar 13 3:50 PM, Urner Barry


Mar 13 10:04 AM, Urner Barry

VIDEO: Welcome to the Newly Redesigned COMTELL! 

Our team at Urner Barry has been working relentlessly on an overhaul of our flagship online service COMTELL, with a laundry list of improvements based on years of customer feedback. The results have been better than we could have anticipated. Accessing protein quotations, news and analysis has never been easier. If you haven't migrated to new COMTELL yet, click HERE for access...

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Mar 13 8:37 AM, Urner Barry Video

VIDEO: Coronavirus Impacts Meat Consumption; Chicken Price Check

Coronavirus Impacts Meat Consumption in China; Keeping Tabs on YoY Chicken Prices; Sponsored by Obsono's Market Insight Report
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Rabobank: Impact of Coronavirus on European Foodservice

Coronavirus is rapidly spreading across Europe. The travel & tourism (T&T) industry, including domestic and international visitors and business travel, is one of the most affected by the situation. Since travelers represent a significant portion of foodservice demand, revenues for restaurants and bars will decline. The magnitude of this decline will depend on the duration of the crisis, the weight of travel-related demand on total foodservice revenue, and the impact of coronavirus on economic growth.

Travel-Related Demand Under Pressure

Although disruptions to daily life outside Italy (under quarantine) are limited, event cancellations, corporate policies banning business trips, and changes in consumer behavior are...

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Mar 13 8:27 AM, General News


Coronavirus Leads to Panic Buying, Stockpiling at Retail Locations Across the U.S.

Check the local supermarket, head straight to the aisle with the soap, hand sanitizer and other cleaning supplies. Nothing remains.

As COVID-19 (coronavirus), continues to spread throughout the United States, consumers have begun to panic buy and stockpile on cleaning supplies and “quarantine food.”

As cleaning supplies are flying off the shelves, non-perishables and other food items are also seeing plenty of action as Americans gear up for an extended stay at home.

Like an incoming snowstorm or weather event, Americans have loaded up shopping...

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Mar 12 10:24 AM, SeafoodNews


Mar 12 8:35 AM, Urner Barry Video

VIDEO: Red Meat Exports; Whole-Body Toms Analysis

Rapid Start to 2020 for Pork Exports; Beef Trends Higher; Whole-Body Toms Analysis: A Q1 Assessment; Sponsored by COMTELL's Phone App
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United Natural Foods Reports Second Quarter Fiscal 2020 Results

United Natural Foods, Inc. reported financial results for the second quarter of fiscal 2020 (13 weeks) ended February 1, 2020.

Second Quarter Fiscal 2020 Highlights

  • Net Sales of $6.14 billion compared to $6.15 billion in last year's fiscal second quarter
  • Total outstanding net debt reduced by $149 million compared to the first quarter of fiscal 2020
  • Gross margin rate increased compared to last year's fiscal second quarter
  • Second quarter GAAP and adjusted results include charges of $0.44 per diluted share associated with three customer bankruptcies
  • Update to...
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Mar 12 8:30 AM, General News


Weis Markets Reports Results for 2019 and Fourth Quarter

Weis Markets reported total sales of over $3.5 billion for the 52-week period ended December 28, 2019, up 1.0 percent compared to the same period a year ago, while annual comparable store sales increased 1.5 percent. Income from operations increased $2.0 million, or 2.4 percent to $84.6 million over the same period in 2018.

The Company's net income for fiscal year 2019 increased 8.4 percent to $68.0 million compared to $62.7 million in 2018 while earnings per share for the same period increased $0.20 to $2.53 per share.

The Company's 2019 sales and comparable-store sales continued to benefit from investments in its Low, Low Price (LLP) program which offers price reductions on 7,000 private-brand items. The Company's sales also benefited from...

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Mar 12 8:23 AM, General News


SpartanNash Promotes Thomas Swanson

SpartanNash announced the promotion of Thomas E. Swanson to Executive Vice President and General Manager, Corporate Retail.

Mr. Swanson was named Senior Vice President and General Manager, Corporate Retail in October 2018, responsible for leading the corporate retail business unit for all corporate retail banners and Quick Stop fuel and convenience centers. Mr. Swanson’s energy and passion for retail have been instrumental in SpartanNash’s success. His impact has resulted in positive retail comparable sales for the last two quarters. Mr. Swanson also has overseen the transition and integration of more than...

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Mar 11 10:26 AM, General News


ANALYSIS: Shell-Egg Prices Jump to Three-Month High Amid Coronavirus Fears, Production Cuts

U.S. shell egg prices jumped to a three-month high yesterday amid reduced outputs and a surge in retail demand, spurred – at least in part – by fears related to...

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Mar 11 8:51 AM, Urner Barry


Mar 11 8:33 AM, Urner Barry Video

VIDEO: Alternative Proteins on Menus; Tilapia Tariff Exclusions

Alternative Proteins See Impressive Growth on Menus; USTR Denies Tilapia Tariff Exclusion Requests; Sponsored by Obsono’s Market Insight Report
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Mar 10 8:59 AM, Urner Barry Video

VIDEO: Chinese Retail During Coronavirus; Shrimp Imports Surge

Opportunity Looms to Chinese Retailers Despite Coronavirus; Shrimp Analysis: January Imports Surge; Sponsored by The Meat Buyer's Guide Online
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Alternative Proteins See Impressive Growth on Menus 

According to a recent webinar by Datassential, trending dishes are driven by a variety of factors, including global influences, mash ups, and plant based. Among these factors, plant based is especially driving several growing dishes. The research found that 44% of consumers are trying to increase their intake of vegetable-based protein. Meanwhile, vegan items have seen an increase of 621% in menu penetration over the past decade. However, consumers stated that plant-based or vegetarian diets are loved the most, while vegan diets are hated the most.

Products that attempt to mimic the texture and taste of meat are growing on menus as alternative proteins. The research found that 69% of consumers would at least occasionally order a plant-based meat if available. In the past four years, the plant-based burger’s menu penetration has increased by...

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Mar 10 8:22 AM, Urner Barry


Coronavirus Impact on Imports Expected to Be Larger and Longer than Previously Expected

The coronavirus outbreak is expected to have a longer and larger impact on imports at major U.S. retail container ports than previously believed as factory shutdowns and travel restrictions in China continue to affect production, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“There are still a lot of unknowns to fully determine the impact of the coronavirus on the supply chain,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “As factories in China continue to come back online, products are now flowing again. But there are still issues affecting cargo movement, including...

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Mar 10 8:22 AM, General News


Nielsen: Opportunity Looms to Chinese Retailers Despite Epidemic Outbreak

Nielsen closely tracked the latest developments in the retail industry and released the report titled "COVID-19 is a Challenge, but also an Opportunity, for China's Retail Industry."

The research involves key retail companies and over 10,000 traditional grocery stores, and offers in-depth analysis of the retailers' challenges and responses to the outbreak, as well as the changes and opportunities the sector will face once the epidemic is over.

The outbreak of the novel coronavirus epidemic at the beginning of 2020 has adversely influenced China's retail industry, especially the brick-and-mortar retailers. But some retailers, who got well prepared and...

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Mar 9 9:55 AM, General News


USDA Makes It Easier, Safer to Feed Children in California Amid Coronavirus Outbreak

The U.S. Department of Agriculture (USDA) has approved a request from California to allow meal service during school closures to minimize potential exposure to the coronavirus. These meals are available at no cost to low-income children – and are not required to be served in a group setting – to ensure kids receive nutritious meals while schools are temporarily closed.

“USDA stands with the people of California as a part of a federal-wide coordinated response,” said Brandon Lipps, Deputy Under Secretary for USDA’s Food, Nutrition, and Consumer Services. “The flexibility provided by the waiver approved will help ensure...

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Mar 9 8:54 AM, General News


Research and Markets: Global Online Grocery Market Outlook

Despite the origins in the late 1990s by Tesco, despite Ocado, despite Peapod, despite Amazon's acquisition of Whole Foods, despite Walmart's investments, despite the French drives pioneered by Chronodrive (Auchan) online grocery has still not been solved.

So where is online grocery going?

Grocery stores are more and more seeing a transformation towards becoming hybrids for pick up/delivery and shopping and often foodservice too. Especially players such as Freshippo or JD.com stores in Asia have been at the forefront of this development, but this is not really groundbreakingly new for the West either. In the US all the major grocers are rolling out... 

 

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Mar 9 8:41 AM, General News


Mar 9 8:35 AM, Urner Barry

VIDEO: Clearwater Seafoods for Sale; Movers of the Week

Clearwater Seafoods Up for Sale; Movers of the Week from the HRI Buyers Guide; Sponsored by Obsono's Market Insigh
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US Foods to Acquire Smart Foodservice Warehouse Stores

US Foods announced that it has entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management for $970 million in cash.

Smart Foodservice operates 70 small-format cash and carry stores across California, Washington, Oregon, Idaho, Nevada, Utah and Montana that serve small and mid-sized restaurants and other food business customers with a broad assortment of products. Founded in 1955 and headquartered in the greater Portland, Oregon area, Smart Foodservice employs approximately 900 associates. Smart Foodservice had 2019 revenues of...

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Mar 6 9:45 AM, General News


Mar 6 8:41 AM, Urner Barry Video

VIDEO: Solo Diner Visits Increase; Chicken White Meat Analysis

Solo Diners Represent Largest Share of Restaurant Visits; All Eyes on Chicken White Meat; Sponsored by Obsono's Market Insight Report
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Walmart Adds Grocery to Flagship App

For years, Walmart has had two mobile apps: the Walmart app and the Walmart Grocery app. Customers navigate both apps, but would like an easier way to shop without having to switch between the two. 

The company is excited to announce its adding Walmart Grocery to the flagship Walmart app. Now, customers can access everything Walmart has to offer in one, definitive experience – the Walmart app.

Here’s what the updated Walmart app offers...

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Mar 6 8:24 AM, General News


Sysco Announces Leadership Promotions

Sysco Corporation announced two senior leadership promotions. Eve McFadden has been promoted to senior vice president of legal, general counsel and corporate secretary, after being promoted to vice president and general counsel in 2019. Since joining Sysco in 2008, Eve has provided effective leadership in the areas of employment law, antitrust compliance, and ethics and compliance. In addition, her skills in building strong partnerships within the business has contributed to the company’s success.

In her new role, Eve will continue to act as general counsel, adding responsibility for Sysco’s Enterprise Risk Management function, under which she recently established a new team focused on developing a global framework for Sysco’s environment, health and...

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Mar 6 8:23 AM, General News


U.S. Demand for Single-Use Foodservice Products to Rise

According to a new Freedonia Group analysis, the US market for single-use foodservice products is forecast to see healthy annual growth of 3.4% through 2023, when demand is expected to near $25 billion. The best opportunities exist for products with features that support use in fast-growing applications – such as tamper-evidence and improved insulation for meal delivery – as well as those sourced from sustainable materials that reflect growing consumer and government concerns about the environmental impact of single-use plastics.

Containers and cups/lids to account for two-thirds of market gains through 2023

Containers and cups (along with their respective lids) are by far the most commonly used types of foodservice disposables and will together account for two-thirds of all new demand through 2023. Highlights include...

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Mar 6 8:22 AM, General News


World Food Prices Drop in February

World food prices declined in February for the first time in four months due to a sharp fall in the export prices of vegetable oils, partly driven by fears that the coronavirus (COVID-19) outbreak will slow global demand.

The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 180.5 points in February, down 1.0 percent from the previous month but still 8.1 percent higher than a year earlier.

The FAO Vegetable Oil Index declined 10.3 percent from January, with international palm oil prices falling by even more on account of higher-than-expected output in Malaysia, a temporary drop in...

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Mar 5 10:17 AM, General News


Kroger Delivers on Key 2019 Commitments

The Kroger Co. reported its fourth quarter and Fiscal Year 2019 results and will update investors on how the Restock Kroger framework is repositioning the company to create value for shareholders, customers and associates.

Comments from Chairman and CEO Rodney McMullen

"We are pleased with our 2019 results and improving trends in our supermarket business. We delivered on our commitments for ID sales without fuel, adjusted FIFO operating profit, and cost savings in addition to generating over $100 million of incremental operating profit through alternative profit streams in 2019. We also delivered strong adjusted free cash flow during...

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Mar 5 10:09 AM, General News


Taco Bell Unveils Plans For New, More Experiential Cantina Restaurant Concepts

After redefining the quick service restaurant (QSR) experience in 2015 with its urban Cantina concept, Taco Bell today announced plans to test new “fast social” restaurants that will once again push the boundaries of both the industry and the guest experience. The development plans—including new Cantinas and conversions of traditional Taco Bell restaurants—are one of the brand’s key growth strategies to becoming a $20 billion brand with 10,000 restaurants globally in this decade.

Initially known for being a staple in suburban communities, Taco Bell successfully made its way into metropolitan cities with the introduction of its urban-inline restaurants. With this new wave of growth came a more simplified and modern restaurant experience, bringing forward an atmosphere as unique as...

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Mar 5 9:57 AM, General News


Technomic’s Take: COVID-19, The Foodservice View

The coronavirus (COVID-19) has become a familiar part of our lexicon in a very short period of time. Since its appearance in Wuhan, China, in late 2019, world and government agencies are fearful that the COVID-19 outbreak could turn into the world’s most severe pandemic since the H1N1 influenza of 1918. As of March 4, more than 93,000 coronavirus cases have been confirmed, resulting in over 3,000 deaths.

China represents more than 85% of the cases and about 95% of the fatalities, however, the virus has spread to over 73 countries and territories and the number of cases outside of China is growing at concerning rates. The outbreak is expected to have a major impact on an already tenuous worldwide economy, with economists recently downgrading global GDP expectations anywhere from...

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Mar 5 8:54 AM, General News


Nielsen: "Pandemic Pantries" Pressure Supply Chain Amid Coronavirus Fears

Consumers around the world are actively stockpiling emergency supplies as concerns grow that the Novel Coronavirus (COVID-19) could become a worldwide pandemic. They’re also starting to think beyond emergency items, such as basic foodstuffs, including canned goods, flour, sugar and bottled water. Concerns are having a ripple effect into non-food essentials as well. In the U.S., sales of supplements, fruit snacks and first aid kits, for example, are all on the rise.

Nielsen’s initial investigation across major countries around the world has found significant spikes in the hoarding of emergency supplies is occurring in China, the U.S. and Italy, where consumers are rushing to...

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Mar 5 8:21 AM, General News


Solo Diners Represent the Largest Share of U.S. Restaurant Visits Among Party Sizes

Over the last five years, solo diners, or parties of 1, have increased their share of restaurant visits while other party sizes have declined, reports The NPD Group. Last year solo diners represented 35% of restaurant visits whereas parties of two represented 27% of visits, parties of three, 14%, parties of four, 12%, and parties of 5 or more, 13%. Solo diners made 15.4B restaurant visits in the year ending December 2019, an increase of 1% compared to year ago, with the exception of parties of 4, visits from all other party sizes declined, according to NPD’s ongoing foodservice market research, CREST.

Quick service restaurants (QSRs) get the bulk, 89%, of solo diners’ visits and 10% of their visits go to full service restaurants. Their use of QSRs is about 10% higher than...

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Mar 5 8:21 AM, General News


Mar 5 8:06 AM, Urner Barry Video

VIDEO: Coronavirus & African Swine Fever; Turkey White Meat Analysis

Coronavirus Complicates the ASF Outlook; Analysis: A Turkey White Meat Conundrum; Sponsored by COMTELL's Phone App
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Mar 4 8:27 AM, Urner Barry Video

VIDEO: Global Meat Consumption; Seafood Expo North America Postponed

Global Meat Consumption on the Rise; Diversified Communications Postpones Seafood Expo North America in Boston; Sponsored by Obsono’s Market Insight Report
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Taco Bell Introduces Veggie Mode 

On March 12, Taco Bell officially activates Veggie Mode, a single-swipe feature that instantly transforms the menu to show only vegetarian items on self-service ordering kiosks nationwide. While most of the industry is celebrating plant-based with one single offering on their menus, Veggie Mode makes it easier than ever for consumers to gain instant access to Taco Bell's nearly 50 American Vegetarian Association (AVA)-certified items.

Taco Bell has also expanded its amount of AVA-certified vegetarian ingredients, now including fan favorites like Potato Bites, Chalupa shells and Hash Browns. As always, customers can further customize their orders while in Veggie Mode, with a total of over...

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Mar 3 9:55 AM, General News


Mar 3 8:54 AM, Urner Barry Video

VIDEO: US Foods' Spring Scoop; Atlantic Sapphire Loses 227,000 Salmon

US Foods Announces Launch of Spring Scoop; Atlantic Sapphire Loses 227,000 Salmon at its Recirculating Aquaculture System Facility; Sponsored by The Meat Buyer's Guide Online
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Urner Barry's Reporter Spring 2020 Issue Released; Read It Online For Free Now

A brand-new issue of Urner Barry's Reporter is out now!

Full Story »
Mar 2 11:09 AM, SeafoodNews


US Foods Announces Launch of Spring Scoop 

US Foods announced the launch of Spring Scoop, “Raising the Bar: The Classics – Celebrated and Elevated.” The 25th edition of Scoop features products designed to help bar-and-grill operators easily get creative and innovate with their menus, with elevated, upsell-worthy versions of their traditional bar-and-grill fare.

As modern diners seek bolder flavors, new menu experiences and flexible dietary substitutions, adding new items to the menu and elevating the classics with on-trend ingredients is critical to maintaining a competitive advantage. In fact, 54% of diners consider new menu items important to their decision when...

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Mar 2 10:03 AM, General News


Rabobank: Slower Growth Prospects as Coronavirus Hits Foodservice in Southeast Asia

In a previous note on the impact of the novel coronavirus (since named Covid-19) on foodservice, Rabobank highlighted how plummeting tourist numbers will necessitate a review of 2020’s foodservice growth prospects for Southeast Asia. Since the publication of that note, some of the tourism authorities in the region have revised their tourist arrival projections for 2020. While the evolving nature of the situation and the indirect impact that tourism has on the overall economy makes projections challenging, with these estimates now available, we can provide a preliminary view of how foodservice growth is likely to be impacted in 2020.

The Importance of Tourism to Foodservice in SEA

Domestic consumers and tourists contribute differently to foodservice consumption and growth in Southeast Asia (SEA). While an increase in per capita occasions and...

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Mar 2 9:13 AM, General News


Mar 2 9:00 AM, Urner Barry Video

VIDEO: Breakfast War Heats Up; Movers of the Week

Wendy's and McDonald's Go Head-to-Head in a Breakfast War; Movers of the Week from the HRI Buyers Guide; Sponsored by Obsono's Market Insight
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Post Holdings Reports Poultry Plant Fire in Nebraska

Post Holdings reported a fire took place last evening at its Michael Foods farm operation in Bloomfield, Nebraska. While the cause of the fire has not been determined, all employees were safely evacuated and no injuries were reported. Post Holdings reported that the fire impacted less than 5% of the layer population of Michael Foods' internal and external layer network.

According to some reports, one of the barns was destroyed and approximately 400,000 chickens perished. Michael Foods has about 20 barns at the site and about 4 million chickens. The barn that burned was relatively new and designed to produce cage-free eggs. Councilman Ray Lush stated that the plant employs about 125 to 150 people, which is...

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Feb 28 2:48 PM, Urner Barry


McDonald's to Celebrate National Egg McMuffin Day, As Breakfast Wars Heat Up

With Wendy's launching a nationwide breakfast menu on Monday, McDonald's is heading into the breakfast battle by declaring Monday, March 2, National Egg McMuffin Day. McDonald's is inviting guests to celebrate by getting a free Egg McMuffin from 6-10:30 AM. To redeem the offer, customers need to download the McDonald's mobile app. “While we’re giving the Egg McMuffin its moment, we’re really honoring our breakfast fans who have woken up with McDonald’s breakfast for nearly 50 years. And we just thought, ‘hey, why not declare March 2 as National Egg McMuffin Day?’,” said David Tovar, Vice President of U.S. Communications. McDonald's also released 5 crave-worthy reasons why consumers will want to start their day with an Egg McMuffin.

The declaration of National Egg McMuffin Day could potentially disrupt Wendy's launch of their new breakfast menu, also being released on March 2nd. Wendy's breakfast menu brings a fresh twist to familiar flavors and pays homage to Wendy's fan favorites. The menu features items like...

Full Story »
Feb 28 10:25 AM, Urner Barry


Feb 28 8:48 AM, Urner Barry Video

VIDEO: Consumerism Drives Economy; Chicken Cold Storage Analysis

Consumers Continue to Drive Economy; Chicken Freezer Burn Analysis; Sponsored by Obsono's Market Insight Report
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Access Markets Faster with the Newly Redesigned COMTELL!

Urner Barry is proud to introduce our newly redesigned COMTELL!

Urner Barry’s COMTELL has long been the primary source for reliable protein market prices, news, and analysis. We are thrilled to unveil a completely updated version of the service. We have utilized years of feedback from our clients to produce a more streamlined, efficient, and user-oriented experience than ever before...

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Feb 28 8:15 AM, General News


Early Bird Discount Ends Friday—Sign up for Urner Barry’s Executive Conference Now!

Urner Barry is once again hosting its Executive Conference in Las Vegas this Spring. This highly anticipated annual event will take place April 26-28, 2020 at the famed Bellagio hotel and casino.

The Executive Conference brings together the top professionals from the poultry, egg and red meat industries for three days of prime networking and unparalleled insights from renowned speakers. Exclusive opportunities await, but act fast because early bird discounts end Friday, February 28th.

Here's a sneak peak at this year’s line-up of presenters...

Full Story »
Feb 28 8:15 AM, Urner Barry




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