Sold-Out Global Protein Summit a Smash Hit in Chicago

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

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

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

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

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

Transactions at quick service restaurant (QSR) chains, which represent the bulk of industry transactions, were flat in September compared to year ago. While the full service segments of casual dining and midscale/family dining chains each saw transactions decline by 2% in the month from same period last year.

In August a well-publicized chicken sandwich war and summer travel helped to drive a 2% increase in QSR visits, while a 3% decline in full service restaurant traffic kept...

Cracker Barrel Acquires Maple Street Biscuit Company

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

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

Kenosha Beef International Recalls Seasoned Beef Products

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

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

Burger King Partners with Uber Eats for Delivery

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

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

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

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

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

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

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

CHART: Industry Expectations for Weekly Slaughter 

Online Grocery Shows Global Growth 

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

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

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

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

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

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

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

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

Walmart Names John Furner President & CEO of Walmart U.S.

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

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

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

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

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

Cattlemen Participate in White House Event Spotlighting Federal Overreach

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

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

Mercato Introduces Same-Day Grocery Delivery with Mercato Green

Mercato, the online grocery eCommerce platform for independently owned grocery and specialty food stores, announced today the launch of Mercato Green. The delivery membership program allows consumers in more than 25 states across the U.S. to receive unlimited free, same-day deliveries from their favorite local grocers. Mercato will also plant a tree for every order placed by a Mercato Green member.

There are two Mercato Green membership plans - both come with a 14-day free, unlimited trial. The Neighborhood plan covers deliveries up to three miles from the store, and the City plan covers up to 10 miles. Both plans provide a deep discount for consumers who are looking for the convenience and reliability of same-day delivery from their favorite neighborhood grocers.

Online grocery sales, estimated to reach $29.7 billion by 2021, continue to climb as many people find traditional grocery shopping - parking, waiting in checkout lines, and loading groceries - a hassle. With Mercato, consumers conveniently order...

Corn Futures Tumble, After US Makes Surprise Yield Upgrade

Corn futures tumbled, after the US unexpectedly raised its yield forecast for this year’s crop, but soybean prices gained, with the estimate for output of the oilseed cut by more than investors had expected.

Chicago corn futures for December, which had stood a little lower ahead of the US Department of Agriculture’s Wasde crop briefing, extended those losses sharply afterwards, chalking up a 3.7% loss at one stage.

The contract, one hour after the report, stood at $3.81 ½ a bushel, a drop of 3.2% on the day.

The declines reflected a surprise upgrade in the Wasde to the USDA’s forecast for the domestic corn yield this year, by 0.2 bushels per acre to 168.4 bushels per acre, while lowering expectations for consumption of the grain...

A Hard Landing for Some: US Trade Tariffs on EU Agricultural Products

On Wednesday, October 2, the WTO ruled in favor of the US in a long running trade dispute over illegal government support to European aircraft builder Airbus. It allowed the US to impose tariffs on USD 7.5bn worth of products from the EU-28. The tariffs proposed are not a broad list focused on the whole European agricultural sector, rather it targets specific countries and product categories. For example, in 2018, almost 80% of US wine imports in value terms were imported from the EU-28. Not only do US consumers favor European wines, they also have a taste for whiskies, olive oil and dairy products from the region.

Alcoholic Beverages: French and Spanish Wine Impacted Most, Followed by Scottish Single Malt Whiskies

The US accounts for around 18% of French and 12% of Spanish wine exports in value terms. Even if sparkling wines and those with over 14% alcohol content are...

Natural Grocers Expands Meat and Seafood Department

Natural Grocers recently refreshed its Meat and Seafood Department selections in all its grocery stores across 19 states. The new and improved Meat and Seafood Department features high-quality and exotic varieties of grass-fed meat, pork, poultry, fish and seafood. Customers can expect a wide variety of offerings including, bison, beef, yak, wild boar, elk, venison, lamb, pork, chicken, turkey, ostrich, cod, mahi mahi, salmon, scallops, shrimp, tuna, pollock, rockfish and sole.

"Our standards ensure that all of our meat is naturally and humanely raised and our seafood is sustainably sourced, which we believe is the best for...

Certified Angus Beef Brand Announces 15th Consecutive Year of Growth

For the 13th straight year, Certified Angus Beef LLC reported record sales of its signature Certified Angus Beef brand. It's also the 15th consecutive year of growth for the original brand of premium Angus beef. Nearly 19,000 processor, foodservice and retail global partners marketed 1.25 billion pounds in fiscal 2019, ending Sept. 30, a 3.1% increase over fiscal 2018.

That growth, said brand president John Stika, was made possible by "an entire community of Angus farmers, ranchers and feeders being extremely intentional over several years in how they breed, raise and care for cattle with a focus on quality."

It starts at the farm, but Stika credited everyone from gate to plate who brings...

Retail Imports to See Surge Ahead of December Tariffs

Imports at the nation’s major retail container ports are expected to hit their highest level of the year again next month just before more tariffs take effect in December, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“This is the last chance to bring merchandise into the country before virtually everything the United States imports from China comes under tariffs,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers are doing all they can to mitigate the impact of tariffs on their customers. The effect on prices will vary by retailer and product during the holiday season, but ultimately...

Nestlé Develops Fully Plant-Based 'Bacon Cheeseburger'

Nestlé announced today that it has developed vegan alternatives to cheese and bacon, designed to complement its existing plant-based burger patties. This makes it the first food and beverage company to develop and produce all three essential elements for a no-compromise plant-based 'bacon cheeseburger'.

This complete burger solution will first be offered to professional clients such as restaurant and foodservice operators. Nestlé's plant-based burger patties are already available to food professionals, with the full package including...

Subway Restaurants Names New Chief Marketing Officer

The Subway brand is proud to name Carrie Walsh as Chief Marketing Officer, North America, where she will be responsible for driving the brand's North America marketing and advertising strategy, as well as defining global brand standards and marketing strategies throughout Subway's international markets.

A seasoned marketing professional, Walsh joins Subway with more than 15 years of experience building brands across the restaurant, retail and CPG industries. Most recently, Walsh led marketing for Michaels Stores, the largest arts & crafts retailer in North America. Walsh also previously held the Chief Marketing Officer role for YUM! Brands Pizza Hut, where she led teams across marketing disciplines including calendar planning, menu insights and...

Carl's Jr. Launches New BBQ Cheeseburger Made with Beyond Meat 

Carl’s Jr., known for craveable menu items, is excited to expand its partnership with Beyond Meat® to launch an innovative new menu item – the Beyond BBQ Cheeseburger – available at participating restaurants beginning October 9, 2019. Drawing on the success of its Beyond Famous Star, the restaurant developed a new burger build meant to complement the Beyond Burger™ patty, while drawing on the flavors of its famed Western Bacon Cheeseburger.

The new Beyond BBQ Cheeseburger will feature some of the restaurant’s most popular ingredients including a Beyond Burger patty topped with Carl's Jr. original BBQ sauce, American cheese, crispy onion rings, all on a sesame seed bun, for an indulgent flexitarian option that turns...

NCBA Statement on Trade Agreement with Japan

National Cattlemen’s Beef Association (NCBA) President Jennifer Houston today issued the following statement after attending a White House ceremony in honor of the bilateral trade agreement between the United States and Japan that will lower Japan’s massive tariffs on U.S. beef.

“I was deeply honored to attend the ceremony at the White House where we celebrated a bilateral trade agreement with Japan. As the top market for U.S. beef exports, Japan accounts for one quarter of our exports and roughly $2 billion in annual sales. As a beef producer, I understand the value of exports to my bottom line, and President Trump understands that increased access to foreign markets like Japan is the economic stimulus we need. We are grateful for President Trump’s leadership and for the hard work of...

Domino's Pizza Announces Third Quarter 2019 Financial Results

Domino's Pizza, Inc., the largest pizza company in the world based on global retail sales, announced results for the third quarter, comprised of growth in global retail sales and earnings per share. Global retail sales increased 5.8% in the third quarter, or 7.5% without the negative impact of changes in foreign currency exchange rates. U.S. same store sales grew 2.4% during the quarter versus the prior year quarter, continuing the positive sales momentum in the Company's U.S. business.

The international division also posted positive results, with same store sales growth of 1.7% during the quarter. The third quarter marked the 103rd consecutive quarter of international same store sales growth and the 34th consecutive quarter of...

Sysco’s Cutting Edge Solutions Announces Additional Product Offerings

Sysco Corporation, the leading global foodservice distribution company, announced the availability of nine new products exclusively for customers through its Cutting Edge Solutions platform.

Designed to enable customers to succeed by differentiating themselves in an evolving and competitive business environment, Cutting Edge Solutions products are sourced from leading and up-and-coming suppliers and assists customers with refreshing their menus, driving increased traffic and streamlining back-of-house operations. Since its inception in October 2015, Cutting Edge Solutions has delivered...

Kepak Secures USDA Approval to Distribute Irish Beef Burgers in the United States

Kepak Group has become the first ever European meat processor to be awarded United States Department of Agriculture (USDA) approval for the supply, marketing and distribution of Irish beef in a value-added format of beef burgers into the US market.

The approval announced at Anuga, the world’s largest trade fair for food and beverages in Cologne, Germany, secures access for Kepak to the US beef burger market which is currently valued at over $122bn.

The development follows the successful launch in 2017 of the first Irish beef retail brand in the United States, Kepak’s Celtic Beef Company, and means...

The Road to New COMTELL: Development Blog #2

Urner Barry is making strides in its COMTELL redesign. COMTELL is receiving a complete overhaul with changes geared towards providing an improved and streamlined user experience.

After a thorough assessment of our staple product, we found that user customization, intuitive navigation and ease of access to market prices and data are top priorities.

We believe these improvements to our homepage, navigation, charting and more will be a hit for both long-time and new users...

R-CALF Files Lawsuit to Stop USDA's RFID Ear Tag Mandate 

Harriet Hageman, Senior Litigation Counsel with the New Civil Liberties Alliance (NCLA), filed a lawsuit in federal district court in Casper, Wyoming representing the Ranchers Cattlemen Action Legal Fund United Stockgrowers of America (R-CALF USA) and four ranchers from Wyoming and South Dakota, to stop the U.S. Department of Agriculture’s (USDA’s) effort to eliminate all animal identification options other than radio frequency identification (RFID) devices and premises registration for adult cattle and bison moving interstate.

The lawsuit seeks declaratory judgment and an injunction against Secretary of Agriculture Sonny Perdue and USDA Administrator for the Animal and Plant Health Inspection Service (APHIS) Kevin Shae, who together issued...

August Exports Strong for U.S. Pork; Beef Exports Below Last Year

U.S. pork exports continued to post very strong results in August, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), while beef exports were below the record-large totals of August 2018.

August pork exports increased 22% from a year ago to 221,586 metric tons (mt), while export value climbed 19% to $588.8 million. These results pushed January-August export volume 4% ahead of last year’s pace at 1.7 million mt, while value increased 1% to $4.35 billion.

Pork export value averaged $54.18 per head slaughtered in August, up 22% from a year ago. For January through August, the per-head average was down 2% to $51.70. August exports accounted for 27.1% of total U.S. pork production and...

CHART: Industry Expectations for Weekly Cattle Slaughter

Red Robin Gourmet Burgers and Brews Unveils Latest Fall Menu Items 

At Red Robin Gourmet Burgers and Brews beginning today through January 26, guests can satisfy their burger cravings with the all-new French Onion Ringer, a flavor-packed burger with Swiss cheese, crispy onion straws, French Onion spread and tomatoes on a melted provolone-capped onion bun, topped off with three golden-fried onion rings. The Gourmet Burger Authority is also bringing back a fan favorite, the El Ranchero Burger, which is topped with American cheese, candied bacon, crispy onion straws, house-made jalapeño ranch, barbecue ketchup, tomatoes and shredded romaine.

"At Red Robin, we are excited to introduce these new, unique burgers with ingredients that guests can only experience at...

EPA, USDA Announce Agreement on Promoting Biofuels

Today, U.S. Environmental Protection Agency (EPA) Administrator Andrew Wheeler and U.S. Department of Agriculture (USDA) Secretary Sonny Perdue issued the following statements after President Donald J. Trump successfully negotiated an agreement on the Renewable Fuel Standard (RFS):

“President Trump’s leadership has led to an agreement that continues to promote domestic ethanol and biodiesel production, supporting our Nation’s farmers and providing greater energy security,” said EPA Administrator Andrew Wheeler. “Today’s agreement is the latest in a series of steps we have taken to expand domestic energy production and improve the RFS program that will result in sustained biofuel production to...

McRib Season is Almost Here

‘Tis the season for the saucy return of the McRib to participating McDonald’s restaurants nationwide!

The craveable and delicious sandwich – a seasoned boneless pork slathered in tangy barbecue sauce and topped with slivered onions and tart pickles – is set to return for a limited time in more than 10,000 U.S. restaurants as early as Monday, Oct. 7. To locate the closest participating restaurant, customers can enter their zip code at mcdfinder.com.

“We’re always listening to our customers and we know the McRib has some of the most loyal fans,” said Chef Chad Schafer, Senior Director of Culinary Innovation & Commercialization at McDonald’s USA. “This year we’re excited to...

Meyer Natural Foods Introduces Laura's Plant-Based Burgers

Meyer Natural Foods announced the launch of two new plant-based burger options under its Laura's brand.

The new plant-based burgers are available in two varieties: Organic & Classic Recipe. Both versions offer consumers options which are gluten free and contain non-GMO ingredients with protein 100% plant sourced. The USDA National Organic Program prohibits the use of genetically modified ingredients.

"When we learned consumers who purchase meat are also bringing home...

The Cheesecake Factory Completes Acquisitions of North Italia and Fox Restaurant Concepts

The Cheesecake Factory Incorporated announced that it has closed the acquisitions of North Italia and Fox Restaurant Concepts (“FRC”), including Flower Child.

The transactions were completed for $308 million in consideration at closing, including $12 million earmarked for customary post-closing adjustments. An additional $45 million will be due ratably over the next four years, and the FRC transaction also includes an earn-out provision based on the financial performance of the FRC brands outside of North Italia and Flower Child. The Company previously invested...

Ohio Man Sentenced for Intentionally Selling Sick, Adulterated Calves for Human Consumption

On September 26, 2019, Cory Gillette, a cattle hauler and dealer, of Albany, Ohio, was sentenced to 5 years of probation, a $1,000 fine and 150 hours of community service for introducing adulterated food into interstate commerce and for making false statements to federal investigators. Gillette pleaded guilty to those charges in January.

According to charges filed in the United States District Court in the Southern District of Ohio, Western Division, Mr. Gillette presented cattle to slaughterhouses that tested positive for Gentamicin, a new animal drug that is a medically important antimicrobial prohibited in food intended for human consumption and not approved for use in cattle.

Under federal law, food is deemed to be adulterated if it contains a new animal drug that is unsafe for its intended use, as determined by approved conditions for...

Mintel: Organic Food and Drink Products Gain Popularity 

According to Mintel Global New Products Database, in the last 10 years, the total number of new food and drink product launches globally with an organic claim has risen from 6% to 10% between August 2009 and July 2019.

Mintel research finds that Europe is leading the way in terms of organic food and drink innovation, with almost a fifth of all food and drink products launched in Europe carrying an organic claim. In the 10 years to July 2019, the number of European food and drink launches with an organic claim has shot up from 9% to 17%, satisfying Europe’s hunger for organics. Current leading innovators include...

Whataburger Reveals New Breakfast Burger

Whataburger’s brand-new Breakfast Burger is officially here. The burger features a 100% beef patty, Whataburger’s one-of-a-kind Creamy Pepper Sauce, two slices of savory bacon, a freshly-cracked egg, three crispy hash browns, and American cheese, all conveniently sandwiched in a 4” bun. The Creamy Pepper Sauce is also available as a dipping sauce.

“Anytime we talk about the Breakfast Burger, people get really, really excited,” said Whataburger Vice President of Marketing and Innovation Rich Scheffler. “This is a hearty creation, and some of our customers said they would drive out of their way to get this. We’re excited to be able to offer...

Rabobank: A Global Update on African Swine Fever 

While African swine fever continues to devastate pig herds and production in China, the focus is now shifting to other parts of Asia, given recent outbreaks in the Philippines, South Korea, and Timor-Leste, according to the latest African Swine Fever Global Update by RaboResearch.

The spread of ASF in Asia, outside of China, has captured attention

“The impacts of African swine fever (ASF) across Asia are likely to be just as challenging as they have been in China, and we expect to see herd and production losses growing as we move into 2020,” says Justin Sherrard, Global Strategist - Animal Protein. “At the same time, price levels in China – for pigs and pork, as well as for other proteins – keep climbing, and...

Impossible Burger Sales Skyrocket at Retail Debut 

After its highly anticipated retail debut, the Impossible Burger remains the number one item sold at grocery stores on the East and West coasts where the product is offered. The flagship product from Impossible Foods made its worldwide debut in grocery stores on September 20th at all outlets of Gelson's Markets in Southern California. Since its launch, Gelson’s has sold more Impossible Burgers than all types of ground beef, based on both revenue and total number of pounds sold. On September 26th, the Impossible Burger became available in all 100 outlets of Wegmans on the East coast, including seven states and two Fairway locations in New York City. The Impossible Burger became the number one single item sold in the meat department at Fairway's two Manhattan locations.

Also, during the product's first full weekend on stores shelves in Southern California, the Impossible Burger outsold by more than...

United Natural Foods, Inc. Reports Fourth Quarter Fiscal 2019 Results

United Natural Foods, Inc. today reported financial results for the fourth quarter and fiscal year ended August 3, 2019.

Highlights

• Fourth Quarter Net Sales Increased to $6.41 billion, or 2.8% when excluding the contribution from SUPERVALU and the additional week in the quarter compared to last year's fourth quarter
• Fourth Quarter Net income of $18.9 million
• Fourth Quarter Earnings Per Diluted Share (EPS) of $0.36; Adjusted EPS of $0.44
• Net outstanding debt decreased by $166 million since the end of the third quarter and...

McMaster University Study says No Need to Cut Down on Red Meat 

A major study led by researchers at McMaster and Dalhousie universities has found that cutting back on red and processed meat has little impact on health. A panel of international scientists systematically reviewed the evidence and have recommended that most adults should continue to eat their current levels of meat. The researchers performed four systematic reviews focused on randomized controlled trials and observational studies looking at the impact of red meat and processed meat consumption on cardiometabolic and cancer outcomes. In one review of 12 trials with 54,000 people, the researchers did not find a statistically significant correlation between...

Agriculture Groups Urge USDA to Quickly Establish Foot-and-Mouth Disease Vaccine Bank

Representatives of the National Pork Producers Council, the National Milk Producers Federation, the National Corn Growers Association and Iowa State University today called on the U.S. Department of Agriculture (USDA) to move as quickly as possible to establish a Foot-and-Mouth Disease (FMD) vaccine bank.

At a press conference today, these groups recognized the steps USDA has taken to establish the bank, but called for expedient use of mandatory funding included in the 2018 Farm Bill to purchase the volume of vaccines required to effectively contain and eradicate an FMD outbreak. Currently, the USDA, which has prescribed vaccination for dealing with an FMD outbreak, does not have access to...

Mike Hits the (Ara)mark: Reliable Data Sources, Aramark's Innovation, and ASF

This week Laura interviews Mike Banas, Global Cost Forecasting Manager at Aramark. They discuss Aramark's new offerings at sports stadiums, how he selects reliable data, African swine fever, and Laura's favorite - french fries...

Don Lee Farms Launches Plant-Based Burger 

Don Lee Farms is announcing the launch of the Better Than Beef Burger: a burger made from plants. The burger delivers the satisfaction and experience of beef but with the lowest calories, fat and saturated fat compared to other leading brands.

The new burger is an excellent source of protein made from plants.

Donald Goodman, President, Don Lee Farms, said, “We are thrilled to introduce the new Better Than Beef Burger. This new burger, along with our growing vegan line launched fifteen years ago, reinforces our family’s commitment to...

CHART: Industry Expectations for Weekly Cattle Slaughter

CFIA Suspends Meat Company's License 

The Canadian Food Inspection Agency (CFIA) has suspended the Safe Food for Canadians (SFC) licence #3WYHVFPD (Est. 99) of Ryding-Regency Meat Packers LTD. (also doing business as Tri-Pet Holdings Incorporated), a beef slaughter and processing establishment located in Toronto, Ontario, effective September 17, 2019.

While the suspension is in effect, the licence holder may not conduct any activity for which SFC licence # 3WYHVFPD was issued.

CFIA suspended the licence # 3WYHVFPD because Ryding-Regency Meat Packers LTD. failed to implement effective control measures in accordance with Part 4 of the Safe Food for Canadians Regulations (SFCR).

CFIA is conducting a food safety investigation. There are food recalls associated with...

EU Beef Exports to Korea Resume After Almost 20 Years

After almost 20 years, the Republic of Korea lifted its import restrictions on beef and beef products from some European Union Member States. Producers from Denmark and the Netherlands are the first ones to be able to resume exports.

Commissioner for trade, Cecilia Malmström, said: “Trade isn't just about doing trade deals. After many years of hard work this announcement means that Dutch and Danish farmers gain a new market to sell their beef. Once again the EU is delivering for our agricultural sector.”

Commissioner Vytenis Andriukaitis, in charge of health and food safety, welcomed this announcement, stressing that “this is another sign that trade partners acknowledge that the battle against BSE has been won and...

Fisher Packing Company Recalls Ready-To-Eat Pork Products

Fisher Packing Company, a Redkey, Ind. establishment, is recalling approximately 744 pounds of ready-to-eat (RTE) pork products that may be adulterated with Listeria monocytogenes, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The RTE pork products were packaged on August 27, 2019. The following products are subject to recall...

MarketsandMarkets: Plant-Based Protein Market Worth $40.6 Billion by 2025

According to MarketsandMarkets, the plant-based protein market is currently estimated at $18.5 billion, and is projected to grow at a compound annual growth rate of 14% by 2025. This projection totals a value of $40.6 billion by 2025. As demand for plant-based protein products increases, food and beverage manufacturers will be driven to create such products.

During the forecast period, the pea segment is expected to be the fastest growing in the alternative protein market. Pea protein is gaining popularity among plant-based protein manufacturers at a global level due to...

Meat Packing Plant Execs Plead Guilty to Selling $1 Million in Adulterated Ground Beef to Prisons

Two meat packing plant executives today pleaded guilty to their role in a scheme to sell more than $1 million of adulterated meat — including whole cow hearts labeled as “ground beef” — to the Federal Bureau of Prisons, announced U.S. Attorney for the Northern District of Texas Erin Nealy Cox.

West Texas Provisions, Inc. president Jeffery Neal Smith, 49, and operations manager Derrick Martinez, 43, pleaded guilty to conspiracy to defraud the United States before Magistrate Judge Lee Ann Reno Tuesday afternoon.

According to plea papers, the defendants admitted to selling more than 775,000 pounds of uninspected, misbranded, or adulterated meat to...

Burger King Announces Agreement to Launch in the Baltics

Burger King today announced a new agreement to open restaurants in Estonia, Latvia and Lithuania. The three Baltic states are among the few remaining countries in Europe where Burger King currently does not have restaurants.

"We are excited to develop beautiful new Burger King restaurants and introduce guests in the Baltics to our iconic brand featuring our great-tasting food with Tallink Grupp" said David Shear, President, Burger King and Popeyes EMEA. "We are confident that guests will enjoy our world-famous flame-grilled flavor, including our iconic WHOPPER® sandwich, and experience our brand their way through personalized digital innovation."

Tallink Grupp, which launched the first floating Burger King restaurant on board a cruise ship in 2016, has now acquired the exclusive development rights for...

Kroger Opens Two-Level Store with First-Ever Food Hall

The Kroger Co. opened a new, 52,000-square-foot urban format store today in downtown Cincinnati, offering the grocer's first-ever food hall, named On The Rhine Eatery. The experience features Cincinnati eateries Django Western Taco, DOPE! Asian Street Fare, Eli's BBQ and Queen City Whip, as well as Kitchen 1883 Café and Bar, Kroger's American food restaurant concept.

"Kroger is thrilled to introduce our first food hall and offer a one-of-its-kind shopping experience in our hometown of Cincinnati, providing a convenient location to experience delicious, quality meals and foods. This innovative destination highlights Kroger's food-first culture," said Rodney McMullen, Kroger's chairman and CEO. "Kroger's new store offers...

U.S. Pork Producers Seeking Expanded Export Opportunities

The U.S. pork industry ships more product to the 20 countries covered by free-trade agreements than we do the rest of the world combined. Therefore, expanding export opportunities through trade agreements remains a top priority for U.S. pork producers, National Pork Producers Council (NPPC) Director of International Affairs Maria Zieba said today at a Global Business Dialogue event in Washington, D.C.

NPPC was very pleased this week when the U.S. and Japan signed a trade agreement, returning U.S. pork to a level playing field in one of its most important export markets. With a trade deal in place with Japan, NPPC is focusing on trade agreements with...

Two Defendants Charged in Scheme to Sell Fraudulently Misbranded Beef Products

An indictment was unsealed today in federal court in Brooklyn charging Howard Mora and Alan Buxbaum with conspiring to commit wire fraud in connection with a scheme to use counterfeit United States Department of Agriculture (USDA) stamps to misbrand USDA “Choice” beef products as higher quality USDA “Prime” and sell those products at inflated prices. The defendants were arrested this morning and are scheduled to be arraigned this afternoon before United States Magistrate Judge Robert M. Levy.

Richard P. Donoghue, United States Attorney for the Eastern District of New York, and Bethanne M. Dinkins, Special Agent-in-Charge, U.S. Department of Agriculture, Office of Inspector General (USDA-OIG), announced...

Conagra Brands Reports First Quarter Results

Today Conagra Brands, Inc. reported results for the first quarter of fiscal year 2020, which ended on August 25, 2019. All comparisons are against the prior-year fiscal period, unless otherwise noted. Certain terms used in this release, including "Organic net sales," "EBITDA," "Free cash flow," "Legacy Conagra," "Legacy Pinnacle," and certain "adjusted" results, are defined under the section entitled "Definitions." Effective as of the first quarter, the Company allocated the business components comprising the previous Pinnacle Foods reporting segment to the four Legacy Conagra reporting segments.

Highlights

• First quarter net sales grew 30.3%, and organic net sales decreased 1.7%.
• Diluted earnings per share from continuing operations (EPS) was $0.36 in the quarter; adjusted EPS of $0.43 benefitted from double-digit growth in...

Cargill Reports Fiscal 2020 First-Quarter Results

Cargill today reported results for the fiscal 2020 first quarter ended Aug. 31, 2019. Key measures include:

• Adjusted operating earnings were $908 million, up 3% from $883 million last year.
• Net earnings on a U.S. GAAP basis were $915 million, a 10% decrease from last year’s strong comparative of $1.02 billion.
• First-quarter revenues rose 1% to $29 billion.

“Our year started on a good note as we continued to help our customers navigate an unpredictable business environment,” said Dave MacLennan, Cargill’s chairman and chief executive officer. “Right now, we are focused on modernizing all aspects of our operations so we can...

McDonald’s Tests New Plant-Based Burger in Canada

McDonald’s will be conducting a 12-week test of a new plant-based burger called the P.L.T., which stands for Plant. Lettuce. Tomato. in 28 restaurants in Southwestern Ontario, starting September 30. The P.L.T. is made with a Beyond Meat plant-based patty that has been crafted exclusively by McDonald’s, for McDonald’s, to deliver the iconic taste customers know and love.

“McDonald’s has a proud legacy of fun, delicious and craveable food—and now, we’re extending that to a test of a juicy, plant-based burger,” said Ann Wahlgren, McDonald’s VP of Global Menu Strategy. “We’ve been working on our recipe and now we’re ready to...

NCBA President Jennifer Houston Testifies on State of Cattle Industry

Jennifer Houston, President of the National Cattlemen’s Beef Association, testified about the current state of the cattle industry before the U.S. Senate Committee on Agriculture, Nutrition, and Forestry.

Topics ranged from the effects of the recent fire at a Tyson beef processing facility in Kansas to the pending reauthorization of the Commodity Futures Trading Commission (CFTC) and Mandatory Price Reporting to implementation of the 2018 Farm Bill.

“I want to start by thanking you, Chairman (Pat) Roberts and other members of the committee who have been helpful over the last few weeks as we have dealt with the recent fire at...

Impossible Foods to Make East Coast Grocery Debut 

After a record-shattering launch on the West Coast, the Impossible Burger will make its East Coast grocery store debut today at all 100 Wegmans locations in seven states, and at two Manhattan locations of Fairway Market. Though widely available in restaurants since 2016, the Impossible Burger first appeared in grocery stores just last week, when it debuted at all 27 of Gelson's Markets in Southern California. During its first full week on sale, the Impossible Burger outsold ground beef based on both revenue and total number of pounds at Gelson's. In fact, the Impossible Burger was the number one packaged good sold at Gelson's from Friday through Sunday across the 27 stores.

Rob McDougall, CEO of Gelson's Markets, said, "The Impossible Burger generated more excitement than any other single product we’ve seen in more than a half-century of operations. In addition to exceptional sales and volume, the launch initiated...

NPPC Officers Join President Trump for Japan Trade Pact Signing Ceremony 

President Trump and Japanese Prime Minster Abe signed a trade agreement that will once again allow U.S. pork producers to compete on a level playing field in Japan. NPPC President David Herring and President-Elect Howard “A.V.” Roth joined President Trump for the signing of the agreement in New York during the United Nations General Assembly meeting.

“I am honored to represent U.S. pork producers at a signing ceremony so important to my fellow hog farmers around the country,” said Herring, a pork producer from Lillington, North Carolina. “We’ve seen market share declines in Japan, historically our largest value export market, since the start of the year when international competitors gained...

Sweet Earth Foods Debuts New Plant-Based Culinary Innovations 

Sweet Earth Foods, an award-winning and rapidly-growing plant-based food innovator, announced today the launch of their newest products, the Sweet Earth Awesome Burger and Sweet Earth Awesome Grounds. Sweet Earth's Awesome Grounds will provide the same plant-based protein in a ground version that allows greater flexibility to cook various meals and sides, such as meatballs and tacos.

The Awesome Burger and Awesome Grounds advance Sweet Earth's mission by delivering on the taste and texture of beef with the nutritional benefits offered by plant-based proteins. The non-GMO Awesome Burger was developed by Sweet Earth's culinary team with Nestlé R&D support, with a focus on achieving awesome flavor and nutrition. It's made with U.S.-sourced yellow pea protein, which is...

Inspire Brands to Acquire Jimmy John’s

Inspire Brands (“Inspire”) today announced that it has entered into an agreement to acquire Jimmy John’s Sandwiches (“Jimmy John’s”). The agreement was unanimously approved by the Jimmy John’s Board of Directors, including Founder and Chairman Jimmy John Liautaud. The financial terms of the transaction were not disclosed.

Inspire is a multi-brand restaurant company whose portfolio includes more than 8,300 Arby’s, Buffalo Wild Wings, SONIC Drive-In and Rusty Taco locations worldwide.Following the completion of the transaction, Inspire will be the fourth-largest restaurant company in the United States with more than $14 billion in annual system sales and more than 11,200 restaurants across 16 countries.

“Jimmy John’s has found the ideal home at Inspire,” Liautaud said. “Inspire’s long-term approach, culture of innovation and commitment to...

North American Meat Institute Releases Revised Edition of Animal Handling Guidelines and Audit Guide

The North American Meat Institute (Meat Institute) today released its latest science-based animal care guidelines and audit for the meat industry. The guidelines and audit were authored by Colorado State University Professor of Animal Behavior Temple Grandin, Ph.D., working with the Meat Institute’s Animal Welfare Committee.

“The meat and poultry industry is always looking for ways to improve humane animal handling for both the welfare of the animal and the safety of our workforce,” said Meat Institute President and CEO Julie Anna Potts. “The new Animal Handling Guidelines and Audit are the product of member company participation with the guidance of the Meat Institute’s veterinarian Dr. Tiffany Lee and...

Mintel: Nearly Three in 10 Americans say Technology is Ruining the Hospitality Industry

Technology plays a prominent role in nearly every aspect of US consumers’ lives and the dining out experience is no exception. But it seems that for some Americans, the spread of mobile, digital and artificial intelligence (AI) technology is unwanted as new research from Mintel reveals that 28% of US consumers agree that technology is ruining hospitality.

However, it may be the fear of the unknown that’s influencing these perceptions as a large minority of Americans have not only never used certain types of technology when dining out, but they are not interested in trying them. For example, two in five consumers have not used and are not interested in trying a restaurant mobile app (44%) or kiosk (40%) to pay. Nearly half (48%) of diners have not used and are not interested in trying...

The Consumer Confidence Index Declined in September

The Conference Board Consumer Confidence Index decreased in September, following a slight decline in August. The Index now stands at 125.1 (1985=100), down from 134.2 in August. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – decreased from 176.0 to 169.0. The Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – declined from 106.4 last month to 95.8 this month.

“Consumer confidence declined in September, following a moderate decrease in August,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “Consumers were less positive in their assessment of current conditions and their expectations regarding the short-term outlook also weakened. The escalation in trade and tariff tensions in late August appears to have rattled consumers. However, this pattern of...

Greenleaf Foods, SPC Names Foodservice Veteran Ken Komejan Vice President of Foodservice

Plant-based protein leader Greenleaf Foods, SPC, announced that veteran foodservice executive Ken Komejan has joined the company as Vice President of Foodservice. Komejan will lead the Greenleaf Foods, SPC foodservice business—for the company’s two category-leading brands, Lightlife (“Lightlife”) and Field Roast Grain Meat Co. (“Field Roast”)—across North America, defining a strategic vision to accelerate growth and market leadership in the plant-based protein market.

Under Komejan’s leadership, Greenleaf Foods, SPC, will solidify its commitment to the fast-growing foodservice channel and expand its position in the highly-competitive demand space with Lightlife and Field Roast.

“The addition of Ken to the Greenleaf team solidifies our commitment to serving foodservice customers with...

CHART: Industry Expectations for Weekly Cattle Slaughter

Bojangles’ Sizzling Pork Chop Griller Biscuit Returns for a Limited Time

Beginning today, the sizzle is back with Bojangles’ one-of-a-kind Pork Chop Griller Biscuit. As one of the only grilled pork chop biscuits on fast food menus, the Pork Chop Griller Biscuit adds to Bojangles’ unique offerings of real deal Southern flavor for a limited time only.

The savory Pork Chop Griller is marinated in a zesty dry-rub seasoning that gives it a signature tangy Southern flare. The tender pork chop is served inside one of Bojangles’ made-from-scratch buttermilk biscuits, creating a biscuit sandwich unlike any other.

“Every year, this biscuit sandwich is a huge hit with our customers,” said Jackie Woodward, Bojangles’ chief marketing officer. “Get it for breakfast, get it for lunch or dinner, just get down to...

Papa John’s International Expands Into Portugal

Papa John's International, Inc. continues to expand its global presence, opening a new restaurant in Portugal. It is located in Lisbon, in the Amoreiras zone.

Papa John’s new restaurant in Portugal is being opened by Drake Food Service International, the master franchisee in the Iberian Peninsula, Chile, Panamá, and Costa Rica.

“We are committed to developing the Papa John’s brand in Latin America and Europe. We look forward to becoming the most...

Dunkin Rolls Out Two Major Mobile App and DD Perks Enhancements

Running on Dunkin' is getting faster for all this fall, as the brand today announced that the quickest and most convenient way to order – On-The-Go Mobile Ordering – is becoming available to all of its customers. Previously available exclusively to DD Perks® Rewards Program members paying with an enrolled Dunkin' gift card, the new Guest Order feature allows any customer to place an On-The-Go Mobile Order through the Dunkin' App and pick it up by either walking in-store or going through the drive-thru.

To place an order, guests simply select 'Guest Order' on the redesigned Dunkin' App home screen, select their menu items and then pay using the debit or credit card of their choice, with other payment options coming later this year. The new On-The-Go Guest Order feature has started...

Astrochef LLC Recalls Chicken Pub Style Entrees

Astrochef LLC., a Rockwall, Texas establishment, is recalling approximately 11,475 pounds of frozen chicken pub style entrees labeled as beef pub style entrees due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The product contains soy, a known allergen, which is not declared on the product label.

The frozen pub style entrees were produced on June 18, 2019. The following products are subject to recall...

PODCAST: Navigating the Chicken Market - Football Season, GPS, and more!

This week Laura interviews the Director of Editorial Jamie Chadwick, and Senior Vice President Russ Whitman. They discuss the chicken market, Urner Barry's Global Protein Summit and much more. See you in Chicago, October 6-8th!

Impossible Foods Makes Retail Debut 

Impossible Foods announced that the alternative meat company will make its debut in grocery stores on Friday at all 27 Gelson's Markets in Southern California. This is the first time that the general public will be able to buy and experience the Impossible Burger at home. The Impossible Burger is the plant-based meat that rivals ground beef, and is on menus in more than 17,000 restaurants. However, home chefs never had a chance to work with the Impossible Burger, until now.

Throughout the fourth quarter and in early 2020, Impossible Foods will expand its retail presence by launching the Impossible Burger in industry-leading grocery stores in key regions. Impossible Foods will launch in additional grocery stores later this...

Former Agriculture Secretaries Announce Support for USMCA

All former U.S. Secretaries of Agriculture since President Reagan’s Administration announced support for the United States-Mexico-Canada Agreement (USMCA). In a letter to Congressional leaders, former Secretaries John Block (Reagan), Mike Espy (Clinton), Dan Glickman (Clinton), Ann Veneman (W. Bush), Mike Johanns (W. Bush), Ed Shafer (W. Bush), and Tom Vilsack (Obama) underscored the importance of passing USMCA saying, “We need a strong and reliable trade deal with our top two customers for U.S. agriculture products. USMCA will provide certainty in the North American market for the U.S. farm sector and rural economy. We strongly support ratification of USMCA.” Following the announcement, Secretary Perdue issued this statement:

“President Trump has fulfilled a promise, which many said couldn’t be done, to renegotiate NAFTA and improve the standing of the entire American economy, including...

Cultured Meat Market Forecast to Grow by 2032

According to MarketsandMarkets, the cultured meat market size is estimated to be valued at $214 million by 2025, and projected to reach $593 million by 2032. This projection will lead to a compound annual growth rate of 15.7% from 2025 to 2032. The rising consumption of meat along with increasing demand for nutritional meat are a few of the key factors driving the growth of the industry. When considering the categories of poultry, beef, seafood, pork, and duck, the poultry segment is projected to witness the fastest growth during the forecast. This is due to the availability of poultry when compared to other meat sources such as beef, and also the consumer preference for poultry and poultry products.

The increasing popularity of poultry products in many quick service restaurants has encouraged manufacturers to develop innovative alternative products to meet consumer demand. Additionally, the rising demand for chicken, due to...

The Golden Growth Opportunity for U.S. Drugstores 

The self-care movement is playing a key role in reshaping health care in a way that drug store retailers and manufacturers can’t afford to ignore. Recent data from The Conference Board Global Consumer Confidence Survey, in collaboration with Nielsen, shows that 18% of Americans reported health as a top concern, next only to the economy (22%) and immigration (19%). With the threat of rising health care costs, consumers are prioritizing wellness and taking a more active role in managing their own health.

Today’s health-minded consumers are looking beyond medicine to manage their health—and opting for healthier food is a big part of this mindset. Increasingly for drugstores, the way to consumer wallets is through their diet. However, Nielsen’s 2019 Health Care study showed that only 24% of consumers are satisfied with the health food selection in drugstores, compared with 75% who expressed satisfaction of...

Darden Restaurants Reports Fiscal 2020 First Quarter Results

Darden Restaurants, Inc., today reported its financial results for the first quarter ended August 25, 2019.

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

Total sales increased 3.5% to $2.13 billion driven by the addition of 40 net new restaurants and a blended same-restaurant sales increase of 0.9%
Same-restaurant sales by brand...

The Makers of Hormel Mary Kitchen Hash Announce New Frozen Varieties

The makers of Hormel Mary Kitchen hash, America's No. 1 selling hash, announced today the launch of an innovative meal solution for the frozen breakfast foods aisle – the brand's first offering outside of the can since first coming off the production line 70 years ago.

The new items include two varieties of frozen hash – corned beef hash and turkey sausage sweet potato – and include more than 9 grams of protein in each serving. Made with a hearty blend of quality meats, roasted potatoes, onions, red bell peppers and a touch of select seasonings, Hormel Mary Kitchen frozen hash is sure to satisfy your craving for breakfast.

"Our new Hormel Mary Kitchen frozen hash products are a perfect way to...

NCBA Announces Leadership Changes

The National Cattlemen’s Beef Association (NCBA) announced two significant leadership changes today.

The NCBA Executive Committee of the National Cattlemen’s Beef Association confirmed Colin Woodall to serve as the association’s new Chief Executive Officer. Woodall, who was named this morning after an exhaustive national search, managed NCBA’s efforts in Washington, D.C., for more than a decade. Since joining NCBA in 2004, Woodall has been instrumental in ensuring the interests of NCBA members and the beef community, are well represented in the nation’s capital.

“Colin has served NCBA members for 15 years, and in that time, he has done a great deal for beef producers everywhere. Much of his work and many of...

Shop on Amazon, Pay in Cash

Amazon is making it even easier for customers to pay with cash. Amazon PayCode, already available in 19 countries around the world, launches today in the U.S. and allows customers to choose Amazon PayCode at checkout and then pay for their purchase in cash at one of 15,000 Western Union locations. Items ship once customers pay for their purchase in person at a participating Western Union location. Amazon PayCode will be rolling out to customers over the coming weeks.

Separately, Amazon Cash, which enables customers to load cash into their Amazon Balance for making online Amazon purchases, is now available in over 100,000 cash-loading locations nationwide. Customers in the U.S. who prefer to use cash are now...