Amazon Still Grasping for Success with Supermarkets, CEO says

Amazon.com Inc, the online retailer long feared to disrupt the grocery sector, believes it has fallen short.

The company has paused expansion of its Fresh supermarkets and cashier-less convenience stores until it finds the right recipe for success, Chief Executive Andy Jassy said on Thursday, in a rare appearance on the company's quarterly results call.

What the company needs is a distinctive store format that's doing well financially before embarking on a major expansion, a formula Amazon hopes to find this year, he said...

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NRF Economist Says U.S. Recession Unlikely and Expects Slight Growth in 2023

A recession is unlikely and the economy is expected to see slight growth in 2023 as consumers continue to cope with inflation and high interest rates, National Retail Federation Chief Economist Jack Kleinhenz said today.

“A month into 2023, the economy is facing stiff headwinds and – with the exception of easing inflation – will likely face more challenges before it gets better,” Kleinhenz said. “The debate on whether we are in a recession will heighten over the next few months, just like last year...

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Feb 3 9:53 AM, General News



CattleFax Forecasts Producer Profitability in 2023 with Potential Drought Relief for the West

The popular CattleFax Outlook Seminar, held as part of the 2023 Cattle Industry Convention and NCBA Trade Show in New Orleans, shared expert market and weather analysis today.

Prices and profitability will again favor cattle producers in 2023. The cattle industry is entering 2023 with the smallest cattle supply since 2015 as drought caused the industry to dig deeper into the supply of feeder cattle and calves. While the exact path to drought relief is unknown, improvements are also expected to translate to moderating feed costs, especially...

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Feb 3 9:32 AM, General News


Olymel Continues to Consolidate Activites, Announces Closure of Its Blainville and Laval Plants

Olymel’s management is announcing the closure of two of its facilities for the further processing of pork: its Blainville and Laval plants. This decision, which is part of a reorganization undertaken in 2021 and is aimed at optimizing operations, will unfortunately result in the loss of 170 jobs in total. The United Food and Commercial Workers union (UFCW 1991P) representing the workers at the Blainville plant, as well as all employees at both facilities, were informed of this decision earlier today and given 12 weeks’ notice of...

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Feb 3 7:18 AM, General News


USDA Deputy Secretary Shares Updates at Cattle Industry Convention

Today, the National Cattlemen’s Beef Association (NCBA) welcomed U.S. Department of Agriculture (USDA) Deputy Secretary Dr. Jewel H. Bronaugh to the 2023 Cattle Industry Convention and NCBA Trade Show.

“We appreciate the working relationship NCBA has with Deputy Secretary Bronaugh, especially as our focus turns to reauthorization of critical components of the Farm Bill like animal health, voluntary conservation, and risk management programs,” said NCBA Vice President of Government Affairs Ethan Lane. “NCBA will continue building relationships with USDA leadership so we can work together on addressing the issues facing the...

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Feb 3 11:05 AM, General News


NPPC Statement on Farm Bill Trade and Horticulture Hearing

The National Pork Producers Council (NPPC) applauds the first Farm Bill hearing of the 118th Congress. We are pleased the Senate Agriculture Committee is taking up issues important to the pork industry. In 2021, the U.S. exported $8.1 billion worth of pork to more than 100 countries – increasing the average value of each pig marketed by nearly $63. These exports also support over 100,000 American jobs. Congress must provide strong investments in both the Market Access Program (MAP) and Foreign Market Development (FMD) programs...

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Feb 3 7:48 AM, General News


BJ’s Wholesale Club Announces Change to Board of Directors

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) (“BJ’s” or the “Company”) today announced that Judy Werthauser has resigned from its Board of Directors (“Board”) to pursue a new opportunity.

Ms. Werthauser has served on the Company’s Board since November 2018 and was most recently Chair of the Compensation Committee as well as a member of the Nominating and Corporate Governance Committee. As part of Ms. Werthauser’s departure, the Board intends for Chris Peterson to join the Compensation Committee and Ken Parent to be appointed as Chair of the Compensation Committee...

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Feb 3 9:29 AM, General News


U.S. Department of Agriculture Announces Key Staff Appointments

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

Regina Black has been promoted to Senior Advisor for Trade and National Security in the Office of the Secretary

Black has served as Chief of Staff for Trade and Foreign Agricultural Affairs since August 2021. Before joining the Department, she was the Director of the Executive Office at the U.S. Dairy Export Council. Black previously served in the Obama Administration at USDA in various...

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Feb 3 9:18 AM, General News


Red Robin Names Brian Sullivan as VP of Culinary & Beverage Innovation

Red Robin Gourmet Burgers and Brews is excited to announce the hiring of Brian Sullivan as its new Vice President of Culinary & Beverage Innovation. Sullivan will be leading the brand's efforts to elevate the guest dining experience, which include investing more in food quality and refreshing the menu, as part of the recently-unveiled "North Star" five-point turnaround plan to drive stronger results for the business.

Sullivan is well-positioned to lead this initiative as a visionary leader with over 40 years of industry-leading expertise in...

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Feb 2 11:24 AM, General News


North Carolina Investigating the Release of Hog Waste from Lagoon in Bladen County

The North Carolina Department of Environmental Quality Division of Water Resources (DWR) is investigating the release of animal waste from Murphy-Brown Farm 7692 (AWS090129) in Bladen County. The facility estimates nearly 30,000 gallons of waste reached a nearby creek. Clean-up efforts are underway.

DWR was notified Friday evening of a recirculation pipe failure that resulted in a discharge of untreated animal waste. DWR staff conducted an on-site investigation. Waste was observed approximately 0.69 miles from the secondary containment on...

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Feb 2 10:21 AM, General News


Meat Snack Products Recalled Due to Misbranding and Undeclared Allergen

The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for ready-to-eat (RTE) meat snack products containing Food and Drug Administration (FDA) regulated chocolate wafers that have been recalled due to an undeclared allergen, specifically peanut residue. FSIS is issuing this public health alert to ensure that consumers are aware that this product should not be consumed.

The meat snack items were produced with the recalled chocolate wafers on various dates from January 2, 2023, through January 18, 2023...

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Feb 2 9:14 AM, General News


Online Grocery Sales Forecast for Further Growth Following Pandemic Boom

A forecast expects more consumers to shop for groceries online over the next five years, with the segment keeping momentum after it witnessed a boom during the COVID-19 pandemic.

Online grocery sales are forecast to grow at compound average growth rate (CAGR) of 11.7% over the next five years, per the 2023 Brick Meets Click/Mercatus 5-Year Grocery Sales Forecast.

Inflation, illness concerns including COVID, RSV and the flu along with a “maturing online segment” were noted as factors behind the growing popularity of online grocery shopping...

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Feb 2 8:04 AM, General News


Moving Beyond Snacking, Tostitos to Debut First Pop-Up Restaurant During Super Bowl Weekend

Tost by Tostitos, a limited-time casual dining restaurant that puts Tostitos chips and dips at the center of its recipes, is offering a front-row seat to how the fan-favorite snack can transform into a mealtime MVP from February 9-11 in Phoenix, Arizona. Snackers across the U.S. will also be able to elevate their get-togethers with a lineup of DIY recipes and a giveaway to make one fan's celebration the ultimate game day gathering.

"Tostitos believes that with good food and good...

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Feb 2 8:02 AM, General News


Kroger Delivery Expands to South Florida

The Kroger Co. (NYSE: KR), America's grocer, today announced the opening of a new spoke facility in South Florida. Joined by the local community, Kroger celebrated the expansion of the delivery service and welcomed 90 new associates. This facility opening means customers can access Kroger's incredible selection of fresh items, unique Our Brands products and favorite national brands, as well as individualized offers for the groceries most important to their families – all delivered directly to their door by a friendly, professional Kroger associate.

"We are thrilled to connect more Floridians to the Kroger Delivery...

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Feb 2 7:54 AM, General News


NCBA Announces 2023 Policy Priorities

The National Cattlemen’s Beef Association’s (NCBA) executive committee approved the organization’s policy priorities at the 2023 Cattle Industry Convention and NCBA Trade Show, with a focus on advancing animal disease preparedness, protecting voluntary conservation programs, and defending producers from regulatory overreach.

“Our focus is helping to create opportunity for America’s cattle producers and fighting to make sure the federal government does not damage our industry,” said NCBA President-Elect Todd Wilkinson. “Cattle producers have been caretakers of the land and livestock for decades and are committed to conserving this country’s natural resources while producing...

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Feb 2 7:08 AM, General News


US Foods Adds Tech Firms to CHECK Business Tools Program to Help Operators Address Labor Shortages

US Foods Holding Corp. (NYSE: USFD), one of America’s largest foodservice distributors, today announced the addition of two transformative technology offerings to its CHECK® Business Tools program: Bear Robotics and 7shifts. US Foods CHECK Business Tools program provides foodservice operators with a growing suite of technology solutions designed to help drive traffic, simplify staffing and reduce waste. Bear Robotics and 7shifts were ultimately selected to join the US Foods CHECK Business Tools line-up after participating in the company’s Innovative...

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Feb 2 7:06 AM, General News


Dine Brands International Continues Expansion with Dual-Brand Locations in the Middle East

Dine Brands International, an affiliate of Dine Brands Global, Inc., the parent company of Applebee’s Neighborhood Grill + Bar®, IHOP®, and Fuzzy’s Taco Shop® restaurants, announces today the opening of its dual-brand Applebee’s and IHOP location in the United Arab Emirates and plans to open a minimum of 4 additional locations in the Middle East in partnership with established franchisees Eagles Landing International Restaurants and Kout Food Group.

Eagles Landing International Restaurants opened its first dual-brand...

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Feb 1 12:52 PM, General News


The NPD Group: Restaurant Industry Witnesses Stability Following Myriad of Headwinds

A pandemic, labor shortages and record inflation are just a few of the challenges that the foodservice industry has faced since early 2020.

The industry persevered and The NPD Group believes calmer seas may be ahead. Findings from The NPD Group show that U.S. commercial foodservice customer traffic to restaurants and other foodservice outlets ended 2022 flat compared to a year ago. Consumer spending at foodservice outlets was up 4%, thanks to higher prices.

“Looking forward to 2023, we anticipate improvements in supply chain disruptions, inflation deceleration...

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Feb 1 9:25 AM, SeafoodNews


Meat Industry Veteran Bill Rupp Joins Bion's Board of Directors

Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment technology and premium sustainable beef, announced today that Bill Rupp will join Bion's Board of Directors, effective February 15, 2023.

In September of 2022, Mr. Rupp was named to Bion's Advisory Group. Bill brings 37 years of experience, including 18 years in senior leadership roles with Cargill and JBS, two of the world's largest meat packers. His operating expertise and industry relationships will be invaluable in his role, where he will work directly with Bill O'Neill...

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Feb 1 8:34 AM, General News


Conagra Brands Recalls 2.5 Million Pounds of Canned Meat, Poultry Products Due to Packaging Defect

Conagra Brands has recalled over 2.5 million pounds of canned meat and poultry products due to a packaging defect that may cause products to become contaminated without showing any signs, per a January 31 announcement from the USDA’s Food Safety and Inspection Service (FSIS).

The impacted products were produced between December 12, 2022 and January 13, 2023. The products subject to recall bear establishment number “P4247” on the product cans. These items were shipped to retail locations nationwide...

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Feb 1 8:30 AM, General News


The Retail Rundown: Comparing Urner Barry's Protein Indices

Seafood features climbed to the top spot across proteins this week with 30% of feature volume. Pork follows with 24%, while beef chimes in with 22%—down from 27% the week prior. Chicken accounts for 19.5% of ad space, while turkey holds onto just over 2%. Buying opportunities for eggs have dwindled in recent weeks and are currently registering zero. 

A look at Urner Barry's Weekly Retail Feature Indices so far this year shows that seafood features are priced the highest overall, while chicken features as a whole are the lowest. Seafood and chicken are above their respective year-ago levels, while pork and beef are showing a discount to 2022 levels...

 

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Feb 1 8:00 AM, UB Newswires


USDA Launches Pilot Cattle Contracts Library

The U.S. Department of Agriculture (USDA) launched its pilot Cattle Contracts Library today at Noon Eastern Time on the Agricultural Marketing Service (AMS) Cattle Contract Library webpage. The Consolidated Appropriations Act of 2022 directed USDA to create a pilot library to increase market transparency for cattle producers. This pilot library will provide new disclosure to the industry and public regarding the key terms, conditions, and volumes under which cattle are contracted, bringing sunshine to practices in what is now the largest part of the cattle market...

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Feb 1 7:57 AM, General News


New ALDI Distribution Center to Provide Access to Fresh, Affordable Groceries to 8 Million Customers

Today, ALDI unveiled its completed regional headquarters and distribution center in Loxley, Alabama, which will ultimately serve as many as 100 stores across the Gulf Coast. As one of America's fastest growing grocers, ALDI is committed to bringing fresh, award-winning groceries and products at an affordable price to consumers from coast to coast, and the Loxley distribution center will support this commitment.

"At a time when inflation is putting pressure on American wallets, we believe our mission to save people money on the food...

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Feb 1 7:25 AM, General News


Sysco Reports Second Quarter Results

Sysco Corporation (NYSE: SYY) (“Sysco” or the “company”) today announced financial results for its 13-week second fiscal quarter ended December 31, 2022.

Key financial results for the second quarter of fiscal year 2023 include:

- Sales increased 13.9% versus the same period in fiscal year 2022;
- U.S. Foodservice volume increased 5.2% versus the same period in fiscal year 2022;
- Gross profit increased 15.9% to $3.3 billion, as compared to the same period last year;
- Operating income increased 44.0% to $640.6 million, and adjusted1 operating income increased to...

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Feb 1 7:06 AM, General News


Super Bowl Sneak Peak: What Are Protein Wholesale Markets Doing?

With less than two weeks to go, fans across the country are gearing up for Super Bowl LVII: Chiefs vs Eagles. Philly center Jason Kelce and Kansas City tight end Travis Kelce will be the first brothers to play each other in the Super Bowl, adding to the palpable excitement ahead of the big game. 

From friendly sibling rivalry to maybe not-so-friendly opposition between the two fanbases, contrasts can be drawn between the teams and their hometowns. Which city has the best specialties when it comes to food? Do cheesesteaks, a quintessential Philly staple, overtake Kansas City’s delectable slowly smoked barbeque, or is it the other way around? 

While there is no clear answer, wholesalers and retailers alike are cheering for protein lovers from all persuasions. The Super Bowl... 

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Feb 1 6:45 AM, UB Newswires


Cattle Inventory Near Expectations; US Herd Down 3% from Yr-Ago

The USDA's cattle inventory report released Tuesday afternoon showed the number of cattle and calves in the U.S. as of Jan. 1 at 97.0% of a year ago, nearly on par with the average of analysts' estimates.

The herd was reported at nearly 89.274 million head, down from 92.077 million a year ago, the U.S. Department of Agriculture reported. Analysts participating in the Urner Barry survey estimated on average a 2.9% decrease in the total herd from the previous year, or about 89.236 million head. The range was 96.7% to 97.5%.   

The nation's calf crop in 2022 was reported at 34.465 million head, down 2.0% from 2021. The average of analysts' estimates was 2.6% below a year ago.

The number of beef cows that gave birth in 2022 was reported at 28.918 million, down almost 3.6% from a year earlier. Analysts had pegged the figure at 4.2% smaller...

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Jan 31 3:31 PM, UB Newswires


Gelson's Promotes John Bagan to President & CEO Following Retirement of Leader Rob McDougall

Gelson's has promoted John Bagan to President & CEO following the departure of Rob McDougall, who has retired from Gelson's after 15 years with the Southern California-based brand. The new leadership position marks Bagan's third promotion in two years, most recently moving from COO into the role of president in July 2022.

As President & CEO, Bagan will assume greater responsibility for the company's overall vision, business and growth strategy, as well as managing relationships with the Board of Directors and parent company Pan Pacific International Holdings (PPIH)...

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Jan 31 11:20 AM, General News


Tyson Foods Announces New Team Member Benefits

Tyson Foods announced today new changes and investments aimed at further intensifying U.S. team members relationships and enhancing workplace culture. Specifically, we are making changes to U.S. based policies and practices related to healthcare and overall wellness.

The company’s new policies and investments are in addition to recent compensation benefits. Tyson recently announced it invested more than $50 million in thank you bonuses and $100 million in wage increases for U.S. hourly workers over the past year.

Tyson Foods has invested more...

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Jan 31 10:18 AM, General News


Steve Tippmann Retires After 36 Years with Tippmann Group; John Tippmann III to Fill Role

Steve Tippmann, Executive Vice President at Tippmann Group / Interstate Warehousing has retired after nearly 36 years in the refrigerated warehousing and construction industries.

Tippmann’s career started in refrigeration engineering, but his more recent role had him focused on customer relationships and overseeing the sales and marketing goals of Tippmann Construction and Interstate Warehousing.

Throughout his career, Tippmann has also spent time as a leader on multiple boards for industry associations including the Global Cold Chain Alliance, American Meat Institute, and Refrigerating Engineers & Technicians Association...

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Jan 31 9:40 AM, General News


NRF Statement on Senate Introduction of Critical ORC Legislation

The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French after the Combating Organized Retail Crime Act of 2023 and the Organized Retail Crime Center Authorization Act were introduced in the U.S. Senate. The bills will create new tools to assist in federal investigation and prosecution of ORC and help recover lost goods and proceeds.

“Retailers face security-related challenges on many fronts, and ORC continues to be a formidable threat in communities across the country...

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Jan 31 9:36 AM, General News


Wild Cajun Meals Recalls Jambalaya and Gumbo Products Produced without Benefit of Inspection

Wild Cajun Meals LLC, a Garland, Texas establishment, is recalling approximately 18,418 pounds of frozen, fully cooked jambalaya and gumbo products that were produced without the benefit of federal inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The frozen, fully cooked jambalaya and gumbo items were produced beginning in September 2021 and have various sell by dates. The following products are subject to recall:

- 32-oz. Plastic containers of “Lady Jambalaya Homemade...

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Jan 31 8:16 AM, General News


Publix Charlotte Division Vice President to Retire; New Vice President Announced

After more than 47 years of dedicated service, Publix Super Markets Charlotte Division Vice President Chuck Roskovich has announced his decision to retire March 31.

Roskovich, 61, began his Publix career in 1975 as a part-time front service clerk in Lauderhill, Florida. He transferred to the meat department in 1977 and was promoted to meat manager in 1984. In 1992, as meat manager, he had the privilege of being part of the management team that opened the company’s first store in the Atlanta Division...

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Jan 31 7:21 AM, General News


Dollar General Announces 19,000th Store Opening

Dollar General (NYSE: DG) commemorated the grand opening of its 19,000th store in Joplin, Missouri today with a community celebration and $19,000 donation to a local elementary school. Customers also received complimentary DG gift cards, tote bags and product samples.

“Today marks an exciting milestone in Dollar General’s history as we open our 19,000th store,” said Jeff Owen, Dollar General’s chief executive officer. “Since opening our first Missouri store in 1973, Dollar General has a longstanding history in the state and proudly employs more than 6,000 Missourians through our store, distribution center and...

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Jan 30 11:11 AM, General News


U.S. Futures Edge Lower Ahead of Earnings, Fed Meeting

U.S. futures edged lower early Monday as traders brace for a potential interest rate hike from the Federal Reserve. 

The Federal Open Market Committee (FOMC) is convening on Tuesday and Wednesday. Economists expect the central bank to raise rates by one-quarter of a percentage point as part of its ongoing effort to tame inflation.

The January 2023 CPI data is scheduled for release on February 14 at 8:30 A.M. Eastern Time. The most recent CPI data reported inflation at 6.5% in December, the smallest annual increase since October 2021. The core CPI rose 0.3% last month following a 0.2% gain in November...

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Jan 30 9:05 AM, UB Newswires


Amazon Raises Fees For Free Delivery Of Groceries Online

Amazon Prime members who order groceries online through Amazon Fresh will soon pay a lot more to get free delivery.

Starting Feb. 28, online Amazon Fresh grocery orders of less than $150 will incur delivery fees, Amazon.com Inc. said in an email to Prime members.

Delivery charges will be $9.95 for orders under $50, $6.95 for orders between $50 and $100, and $3.95 for orders between $100 and $150, Amazon said.

Currently, Prime members outside of New York City who spend...

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Jan 30 8:43 AM, Urner Barry


Daniele International Recalls Ready-to-Eat Sausage Products Due to Possible Listeria Contamination

Daniele International LLC, a Mapleville, R.I., establishment, is recalling approximately 52,914 pounds of ready-to-eat (RTE) sausage 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 sausage products were produced on various dates from May 23, 2022, through November 25, 2022, and shipped to retail locations nationwide on various dates from December 23, 2022, through January 17, 2023. The following products are subject to recall...

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Jan 30 8:13 AM, General News


Maple Leaf Foods Named to Forbes List of Canada's Best Employers 2023

Maple Leaf Foods, Inc. (TSX: MFI) has been named to the Forbes list of Canada's Best Employers 2023. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on January 25, 2023 and can be viewed on the Forbes website.

Forbes and Statista selected Canada's Best Employers 2023 through an independent survey applied to a vast sample of more than 12,000 Canadian employees working for companies with more than 500 employees in Canada...

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Jan 27 10:25 AM, General News


New Meijer Grocery Stores Open Doors to Fresh, Convenient Retail Experience in Michigan

Meijer opened its first two Meijer Grocery stores in Lake Orion and Macomb Township today, offering Metro Detroit customers a new way to shop the Michigan retailer known for pioneering the one-stop shopping concept.

"As a company, we've opened more than 500 supercenters, neighborhood markets and Meijer Express locations, and that feeling of excitement and anticipation as you welcome customers in for the first time never gets old," Executive Chairman Hank Meijer said. "But opening the doors of these stores feels particularly special because of...

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Jan 27 10:08 AM, General News


TGI Fridays New Three-Course Feast Menu Brings All the Friday Feels Without Breaking the Bank

For fans seeking a guaranteed good deal – and good time, TGI Fridays is serving up a can't-miss menu for guests to share that's sure to please both their taste buds and their wallets. Starting today (just in time for Valentine's Day) through April 3rd, the brand is serving up the all-new Fridays Feast menu – a complete three-course meal for two starting at just $28*.

Only available for a limited time, fans will want to get a taste of Fridays Feast...

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Jan 27 9:53 AM, General News


Children’s Food and Beverage Market to Continue Growth Through 2027

When it comes to purchasing food, taste is the number one priority for most consumers. For parents, their children’s willingness to eat a given food is a close second. Compared to all consumers, parents are more likely to prioritize food characteristics that provide a health halo such as high protein, unsaturated fats, clean label, low sugar, and non-GMO. Parents tend to be more health-conscious and choosy about foods for their kids and themselves.

Products free from common allergens – such as nuts, dairy, and eggs...

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Jan 27 8:36 AM, General News


NRF: Valentine’s Day Spending to Soar Past 2022 to $26 Billion

The National Retail Federation (NRF) expects consumers to shell out $25.9 billion for Valentine’s Day in 2023, up from 2022’s $23.9 billion, per an annual survey released by the group and Prosper Insights & Analytics.

If the survey results hold true, 2023 would be one of the highest spending years on record, the NRF noted.

“Valentine’s Day is a special occasion to shop for the people we care most about,” NRF President and CEO Matthew Shay said. “This year, as consumers embrace spending on friends and...

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Jan 27 8:17 AM, SeafoodNews


Campbell Appoints Carrie Anderson Chief Financial Officer

Campbell Soup Company (NYSE:CPB) today announced the appointment of Carrie L. Anderson as Executive Vice President and Chief Financial Officer, effective Feb. 6.

Anderson will lead Campbell’s finance function, including controllership, corporate financial planning and analysis, corporate strategy and development, tax, treasury, internal audit, investor relations, transactional services and financial systems. She will report to Campbell’s President and Chief Executive Officer Mark Clouse and become a member of the company’s Operating Committee and a Corporate Officer. Anderson succeeds Mick Beekhuizen, who was appointed President of Campbell’s Meals & Beverages division in November 2022...

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Jan 27 7:50 AM, General News


Addie's Debuts as the East Coast's First Drive-up Grocer, with Rapid Expansion to Follow

Addie's, the drive-up grocer redefining the grocery shopping experience, officially launched today its first concept store with $10.1 million in seed funding led by the Disruptive Innovation Fund, the venture capital arm of Clay Christensen's Rose Park Advisors. Instead of patchworking together in-store grocery, online grocery, and direct-to-consumer delivery models, Addie's has built an entirely new one: a pick-up-only store designed solely for stocking, storing, and bagging groceries without the need for a shopper ever to step...

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Jan 27 7:39 AM, General News


McDonald's President: California Keeps Looking for Ways to Raise Prices, Drive Away More Businesses

Whether you're a lawmaker, a business owner or leader, or an everyday voter, one thing is clear: California has become a dramatic case study of putting bad politics over good policy.

Last fall, the legislature passed a bill – AB257, or the FAST Act – almost entirely at the behest of organized labor's firm grip on many of the state's lawmakers. It makes it all but impossible to run small business restaurants, but the impacts are far beyond that. Under the FAST Act

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Jan 27 7:31 AM, General News


Thousand Hills Launches Regeneratively Raised BBQ Products

Thousand Hills Lifetime Grazed launches its new industry-leading line of American Grassfed Association-certified, regenerative, fully cooked barbeque products. Thousand Hills Lifetime Grazed new line of Barbeque Shredded Beef Brisket and Pulled Pork made with 100% grassfed beef and pasture-raised heritage breed pork come fully cooked and made with Triple Crown Organic BBQ Sauce. The barbeque products are packaged in a 14 oz. microwavable and oven-safe tray, made from recyclable materials. Each one is wrapped in an eye-catching, colorful cardboard sleeve, beautifully designed with certified regenerative agriculture statements...

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Jan 26 8:06 AM, General News


Ukraine's Coal and Gas Reserves Enough to Last Through Winter, Says Prime Minister

As Russia’s war on Ukraine approaches its one-year mark, the estimated fallout to human life and property continues its devastating rise.

According to the United Nations High Commissioner for Refugees, the number of refugees from Ukraine recorded across Europe has swelled to nearly eight million individuals as of January 24, 2023. Reuters estimates the number of deaths at 42,295 people, as of the latest update, with 15,000 people or more thought to be missing. 

Along with mass casualties and the displacement of millions, the war has resulted in the massive destruction of buildings and property, including Ukraine's energy infrastructure...

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Jan 26 7:50 AM, UB Newswires


NCBA Sues Biden Administration to Overturn Lesser Prairie Chicken Listing

The National Cattlemen’s Beef Association (NCBA) has filed a Notice of Intent to sue the Department of the Interior and the U.S. Fish and Wildlife Service (FWS) over the listing of the lesser prairie chicken under the Endangered Species Act. This is the first step in court toward overturning the listing and revoking FWS’s final rule for both the Northern and Southern Distinct Population Segments (DPS).

“The lesser prairie chicken only survives today because of the voluntary conservation efforts of ranchers,” said NCBA Associate Director of Government Affairs Sigrid Johannes...

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Jan 26 7:13 AM, General News


PLANT PROTEIN: Emerging Plant Protein of the Month: Watermelon Seeds

Who doesn’t love the sweet taste of ripe, red watermelon which comes in more than 1,200 different varieties globally? Who would’ve known that wild watermelon seeds were discovered in Libya and date back more than 5,500 years ago? And who would’ve thought that the dark seeds from this juicy fruit are nutritious and healthy?

So, what are some of the benefits of these seeds? They are low in calories, with a handful of seeds weighing about 4 grams containing only...

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Jan 25 2:58 PM, Plant Protein


Papa Johns Unveils New Design for International Restaurants

Papa Johns today announced a new design for international restaurants that invites people to enjoy Papa Johns premium pizza together in a warm setting that brings to life the Papa Johns promise of Better Ingredients. Better Pizza.® Premium ingredients – the core of the Papa Johns experience – are highlighted throughout the new restaurant through colors, lighting and decor that showcases Papa Johns new visual brand identity. In a streamlined and flexible environment, Papa Johns team members will be equipped to more efficiently create quality food and serve it in the seamless, personalized...

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Jan 25 11:46 AM, General News


The Retail Rundown: How Do Plant-Based Meat Sales Fare at Retail?

Plant protein has piqued increased interest among consumers in recent years. Within the plant protein arena, plant-based meat ranks second in terms of sales dollars, behind plant-based milk.

Boosted by growing demand among consumers, whether vegan, vegetarian, or flexitarian, plant-based meat sales climbed to $1.4 billion in 2020, according to the Good Food Institute. That was up 45% from 2019 and a record year of growth.  However, dollar sales of plant-based meat in 2021 were flat with the year prior at $1.4 billion.

Like conventional meat, the plant-based industry has weathered recent years of pandemic-related challenges including supply chain issues and inflation. A deeper dive into Information Resources, Inc. (IRI) data suggests that plant-based sales at retail could continue to stall following its sharp upward trajectory three years prior...

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Jan 25 11:38 AM, UB Newswires


Steakholder Foods Achieves 50x Yield in Cell Production Using a Filtration System

Steakholder Foods Ltd. (NASDAQ: STKH), (formerly MeaTech 3D: MITC), an international deep-tech food company at the forefront of the cultivated meat industry, today announced that it has developed a process that has achieved 50 times more growth in cell production yield than previously. This breakthrough process uses a filtering system integrated with the company's growth method and is expected to result in greater outputs.

Achieving a high growth yield with minimal use of growth media is an industry-wide goal, due to the current high...

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Jan 25 10:04 AM, General News


ANALYSIS: The Pork Cutout: What’s going on in 2023?

The Urner Barry and USDA Pork Carcass Cutouts are having their worst starts to a new year in history, with data that dates back to 2003 and 2013, respectively. Regardless of which data you choose to look at, the domestic pork market started out the year in a lackluster fashion. The main culprit in this situation is...

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Jan 25 9:15 AM, Urner Barry


Major Food Production Center & Cold Storage Facility to Open in Missouri

West Liberty Foods, a leading protein processor, is opening a new food production facility in Kansas City, Missouri, attached to a supporting cold storage facility to be developed by Vertical Cold Storage. The companies are expected to invest a combined $199.6 million and create 583 jobs in the region.

“Missouri is home to nearly 400 food companies, and we are excited to welcome West Liberty Foods and Vertical Cold Storage to our state’s robust food and agricultural network,” said Governor Mike Parson...

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Jan 25 8:51 AM, General News


BASF, Cargill Expand Partnership to Offer Enzyme Solutions to U.S. Animal Protein Producers

At the IPPE fair in Atlanta, BASF and Cargill today announced their expanded cooperation, adding the United States (US) to their existing feed enzymes development and distribution agreement. Together, the two companies are committed to bringing innovative enzyme-based solutions to the market, generating distinctive value for animal feed customers. By combining the enzyme research and development strengths of BASF with Cargill’s know-how in application and broad market reach, the partners will form a joint innovation pipeline for animal protein producers...

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Jan 25 7:07 AM, General News


TGI Fridays New Three-Course Feast Menu Brings All the Friday Feels Without Breaking the Bank

For fans seeking a guaranteed good deal – and good time, TGI Fridays is serving up a can't-miss menu for guests to share that's sure to please both their taste buds and their wallets. Starting today (just in time for Valentine's Day) through April 3rd, the brand is serving up the all-new Fridays Feast menu – a complete three-course meal for two starting at just $28*.

Only available for a limited time, fans will want to get a taste of Fridays...

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Jan 24 11:04 AM, General News


FMI Elects New Board Members as Industry Sees Opportunity Ahead

Today, FMI – The Food Industry Association announced its 2023 Board of Directors elected at the association’s annual Midwinter Executive Conference in Orlando. The new slate will guide the implementation of FMI’s 2023-approved strategic plan during a time of rapidly evolving industry challenges and opportunities and reflects the breadth of the product supplier and retailer/wholesaler communities. The outgoing Board officers, first elected in 2020, agreed last year to continue serving in order to provide continuity to the association amid ongoing supply chain and inflation challenges...

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Jan 24 10:08 AM, General News


Consumers Now Take a Holistic Approach to Their Health and Focus on Both Mental, Physical Well-Being

The focus on health and wellness evolved throughout the pandemic as consumers began seeking coping mechanisms for their altered lifestyles. The consumer’s need for normalcy at the height of the pandemic was the entry for a mental and physical health focus, reports The NPD Group. Compared to the pre-pandemic period, more consumers say that the amount and quality of sleep, work-life balance, and managing stress are important factors contributing to their health...

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Jan 24 9:18 AM, General News


GOOD Meat Leads Cultivated Meat Toward Price Parity with Approval of Serum-Free Media in Singapore

CULT Food Science Corp. ("CULT" or the "Company") (CSE: CULT) (OTC: CULTF) (FRA: LN0), a pioneer in the investment, development, and commercialization of cellular agriculture technologies and products, announces that its affiliate company GOOD Meat, the cultivated meat division of food tech company Eat, Inc., has received first-in-the-world regulatory approval by the Singapore Food Agency (SFA) for the use of serum-free media in the production of cultivated meat, leading the industry closer to price parity...

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Jan 24 9:12 AM, General News


IEDA Board Approves Assistance for Upper Iowa Beef And Other Established Firms

Today, the Iowa Economic Development Authority (IEDA) Board approved awards for three companies, which will assist in the creation of 579 jobs and result in nearly $156 million in new capital investment for the state. These projects are located in Cedar Rapids, Des Moines and Lime Springs. The board also approved innovation funding in support of three startups located in Carroll, Cedar Rapids and Clive.

International Paper to construct steam plant in Cedar Rapids

International Paper is one of the world’s leading producers of renewable corrugated packaging...

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Jan 24 7:54 AM, General News


Tennessee Gov. Announce SK Food Group, Inc. to Establish Manufacturing Operations in Bradley County

Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart McWhorter and SK Food Group, Inc. officials announced today the company will invest $205.2 million to construct its fourth production facility with Cleveland, Tennessee, as its newest location.
As a result of the project, SK Food Group will create 840 new jobs in Bradley County by 2030.

SK Food Group’s new 525,000-square-foot manufacturing facility will support the company’s growing consumer demand by utilizing state-of-the-art automated technology to assist...

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Jan 23 7:29 AM, General News


NPFDA Association Set to Induct Officers and Appoint New Board Members

The National Protein and Food Distributors Association Board of Directors will meet on Monday, January 23, 2023, in Atlanta, GA. to tap officers and newly elected board members.

Judson “Jud” Guest, Executive Vice President at LAD Truck Lines, Inc., in Watkinsville, GA, will succeed Jeff Paschall, Vice-President of Sales & Marketing at Fieldale Farms / Springer Mountain Farms, in Baldwin, GA, as chairperson of NPFDA. Laurie Pate, President at Foodlinx, Inc., in Brentwood, CA, moves into the Vice Chair role after serving as Treasurer. Newly elected...

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Jan 23 7:28 AM, General News


Taco Bell Debuts Ulitmate Gameday Box

Taco Bell is taking traditional pizza and wings, game day eats, to the next level with the brand's most iconic trio yet. The Ultimate GameDay Box, available at participating locations nationwide starting January 26 through February 9, while supplies last, puts a new spin on a watch party meal with a saucy Mexican Pizza, Crispy Chicken Wings and Crunchy Tacos. The best part? You don't even need to leave your house to enjoy this box when you get it delivered through the Taco Bell app. Whether you're watching the...

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Jan 20 9:21 AM, General News


Blimpie Introduces New Premium Subs to Kick Off the New Year

Blimpie® (www.Blimpie.com), America's Sub Shop®, is starting the year "big" with the launch of four new sandwiches that highlight the fresh new look of the brand's menus in-store and online and new motto of a Bigger. Better. Blimpie®. Beginning January 17, 2023 the four new premium subs will be available in stores and online nationwide.

New Premium Sandwiches:

- Spicy Italian: Ham, salami, pepperoni, provolone, tomatoes, lettuce, onions and spicy giardiniera

- Turkey Reuben: Turkey, sauerkraut, Swiss cheese and 1000 island dressing...

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Jan 20 9:14 AM, General News


Davos 2023: JBS Urges for Technical and Financial Support to Rural Producers to Fight Climate Change

Gilberto Tomazoni, Global CEO of JBS, the world's largest food company, participated this Wednesday January 18th, in the panel 'Why Lands Matter', at the World Economic Forum in Davos, Switzerland. Alongside representatives of the government, the nonprofit sector and financial institutions, Tomazoni argued that the way to reduce greenhouse gas emissions is to offer technical and financial support to rural producers, particularly to the smaller producers.

"We need to focus on supporting farmers, with knowledge sharing and access to credit to make the transition...

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Jan 20 8:55 AM, General News


NCBA Announces Lawsuit Against Biden Administration WOTUS Rule

Today, the National Cattlemen’s Beef Association (NCBA) filed a lawsuit against the Environmental Protection Agency (EPA) challenging the Biden administration’s final “Waters of the U.S.” (WOTUS) rule.

“The Biden administration’s WOTUS definition is an attack on farmers and ranchers and NCBA will be fighting back in court,” said NCBA Chief Counsel Mary-Thomas Hart. “The rule removes longstanding, bipartisan exclusions for small and isolated water features on farms and ranches and adds to the regulatory burden cattle producers are facing under this administration. We look forward to challenging...

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Jan 20 8:53 AM, General News


Members of the 2025 Dietary Guidelines Advisory Committee Announced

The U.S. Department of Health and Human Services (HHS) Secretary Xavier Becerra and U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced the appointment of 20 nationally recognized scientists to serve on the 2025 Dietary Guidelines Advisory Committee (the Committee).

The Committee will be tasked with reviewing the current body of science on key nutrition topics and developing a scientific report that includes its independent assessment of the evidence and recommendations for HHS and USDA as they develop the Dietary Guidelines for Americans...

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Jan 20 8:52 AM, General News


USDA Publishes Strengthening Organic Enforcement Final Rule

Today, the USDA National Organic Program (NOP) previewed the Strengthening Organic Enforcement (SOE) final rule. This update to the USDA organic regulations strengthens oversight and enforcement of the production, handling, and sale of organic products. This final rule implements 2018 Farm Bill mandates, responds to industry requests for updates to the USDA organic regulations, and addresses National Organic Standards Board (NOSB) recommendations.

“Protecting and growing the organic sector and the trusted USDA organic seal is a key part of the USDA Food Systems Transformation initiative,” said Under Secretary for Marketing and Regulatory Programs ...

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Jan 20 8:42 AM, General News


FSIS Issues Public Health Alert for Hy-Vee Beef Pot Roast Due to Misbranding, Undeclared Allergen

The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert due to concerns that the gravy component of ready-to-eat Hy-Vee beef pot roast entrée products may contain wheat, a known allergen, which is not declared on the finished product label. FSIS is issuing this public health alert to ensure that consumers with an allergy to wheat are aware that these products should not be consumed. A recall was not requested because...

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Jan 20 8:09 AM, General News


U.S. Natural Gas Wholesale Prices Expected to Decline This Year

The U.S. Energy Information Administration (EIA) is forecasting lower wholesale U.S. natural prices this year and into 2024, according to its January Short-Term Energy Outlook (STEO) released Wednesday. 

The EIA is anticipating natural gas production in the United States to increase by 2% this year and expects the Henry Hub price, which is the U.S. benchmark, to average $4.90 per mission British thermal units (MMBtu) in 2023. If accurate, this would be more than $1.50/MMBtu lower than the 2022 average. 

In the first quarter of 2023, the Henry Hub price could average close to $5.00/MMBtu. This is due to increased demand during the winter along with liquefied natural gas (LNG) exports at near-capacity volumes, explained the EIA...

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Jan 19 8:00 AM, UB Newswires


Ag Exports in Focus Following Tariff Rate Quote Agreement Between U.S. and EU

Earlier this week, United States Trade Representative Katherine Tai along with EU representatives signed the U.S.-EU Tariff Rate Quota (TRQ) Agreement.

This enabled the U.S. to preserve its existing access to the EU market for various agricultural goods following the United Kingdom’s exit from the EU on January 1, 2021.

Through the first 11 months of 2022, the U.S. exported $11.1 billion worth of goods to the EU, according to the office of the U.S. trade representative. 

Under tariff-rate quota 005 (Meat of bovine animals/Edible offal of bovine animals), the Union volume of the United States/Canada country specific part was adjusted to 10,500 tonnes...

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Jan 19 7:45 AM, UB Newswires


USDA Seeks Public Comment on Proposal to Strengthen Animal Disease Traceability Regulations

The United States Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) is proposing to amend animal disease traceability regulations and require electronic identification for interstate movement of certain cattle and bison. APHIS is also proposing to revise and clarify record requirements. These changes would strengthen the Nation’s ability to quickly respond to significant animal disease outbreaks. Major animal disease outbreaks hurt our ranchers and farmers and all those who support them along the supply chain, threaten our food security, and impact our ability to trade...

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Jan 19 7:31 AM, General News


The Retail Rundown: Seafood Feature Volume Increases

Seafood feature volume increased to the top spot across the protein complex this week. Seafood ads account for nearly 30% of total protein ads, while beef is a close second with 29%. Pork features claim about 23%, while chicken makes up 17%. With the holiday baking season behind us, egg features accounted for less than one percent of total retail buying opportunities.   

In the seafood complex, fresh finfish was the top seller last week with $28.3 million in total sales, or about 32% of the total seafood sales value. A deeper dive into the finfish category shows fresh salmon as the leading species among shoppers. Salmon retailed at an average of $11.24 non-discounted, versus $10.37 discounted.

Fresh cod purchases ranked second with about $19.2 million in sales for the week ended January 8. In the frozen aisle, shrimp retailed at $9.23 non-discounted, 14.5% higher than its discounted average price. Convenient prepared options including frozen seafood cakes made a splash with $560,320 in total sales, according to Information Resources, Inc (IRI) data...

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Jan 19 7:30 AM, UB Newswires


Urner Barry Releases January Soy & Wheat Report

In the latest WASDE report, the USDA reported the 2022/23 U.S. wheat outlook in January is for increased supplies, larger domestic use, unchanged exports, and lower ending stocks. Supplies are raised on higher beginning stocks as reported in the National Agriculture Statistics Service (NASS) Grain Stocks report. Feed and residual use is increased 30 million bushels to 80 million bushels based on higher second-quarter implied disappearance based on the Grain Stocks report. The season-average farm price is ...

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Jan 18 4:58 PM, Plant Protein


P.F. Chang's Celebrates the 2023 Lunar New Year and Year of the Rabbit

P.F. Chang's® is honoring its roots in Asian tradition by celebrating the Year of the Rabbit with unique in-restaurant experiences and limited-edition retail items available online. Among the most celebrated and festive holidays in Asian culture, Lunar New Year brings together family members and loved ones to usher out the old and honor new beginnings through traditions that symbolize luck and fortune.

To toast this special occasion, guests dining in can enjoy P.F. Chang's limited-time specialty crafted cocktail...

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Jan 18 2:23 PM, General News


U.S., EU Agree to Tariff Rate Quotas for Agricultural Products

The United States Trade Representative (USTR) Katherine Tai and a number of EU representatives signed the U.S.-EU Tariff Rate Quota (TRQ) Agreement on January 17.

According to the USTR, the agreement will allow the U.S. to preserve its existing access to the EU market for various agricultural commodities following the United Kingdom’s exit from the EU on January 1, 2021.

“The new TRQ allocations are based on the historical pattern of agricultural exports to the 27 EU Member States,” the USTR’s office wrote in a press release...

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Jan 18 9:51 AM, SeafoodNews


ANALYSIS: Holiday Favorites Carving Out Record Highs

Now that we are two full weeks into the New Year, one prevailing theme that has carried over in the beef market is uncertainty. This is particularly true within the middle meat complex as seasonality and historical trends have been bucked, thrown upside down, and ignored.

There are a couple of items highlighting the broken seasonal trends and one has been bone-in or as some refer, export ribs. Values currently sit at the highest seasonal levels on record with weakness beginning to be reported.  Our quotations at the time of this...

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Jan 18 9:09 AM, Urner Barry


Chili's Grill & Bar Names New Vice President of Marketing

Brinker International, Inc. (NYSE: EAT) today announced that Jesse Johnson has joined the company as Vice President of Marketing. In this newly created role, Johnson will develop and execute marketing strategies for Chili's® Grill & Bar and bring the brand to life across multiple touchpoints, including advertising, media, PR and the Guest experience.

An accomplished brand director with over 16 years of experience, Johnson spent much of his career at Wieden+Kennedy (W+K) leading award-winning marketing initiatives and campaigns for top brands such...

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Jan 18 7:20 AM, General News


REPORTER: Is The Future of Self-Checkout in Limbo?

This article was originally featured in the Winter 2023 Edition of Urner Barry’s Reporter magazine. Want a FREE subscription? Click HERE.

The days may be numbered for selfcheckout in retail stores. The problems are getting bigger, the losses are increasing, and retailers are frustrated.

Wegmans Food Markets decided to eliminate their scan and go self-checkout in September 2022 due to several losses from theft. Will other retailers follow suit?

An email was sent to the users of the Wegmans SCAN app that said...

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Jan 18 4:47 AM, Urner Barry


NCBA Announces Policy Committee Leaders

Today, the National Cattlemen’s Beef Association (NCBA) announced the appointment of key cattle industry leaders to serve on the association’s policy committees. The policy committees review, discuss, and vote on policy resolutions brought forward by NCBA members. These grassroots policies guide NCBA’s advocacy efforts in Washington, D.C.

“Policy committee leaders play a crucial role in directing NCBA’s advocacy efforts and addressing the issues facing the cattle industry,” said NCBA President-Elect Todd Wilkinson, a South Dakota cattle producer. “As a grassroots organization, we rely on volunteer leaders to...

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Jan 17 11:30 AM, General News


Meat and Poultry Processing Equipment Market to Reach $30.5 Bn by 2032

The meat and poultry processing equipment market valuation is projected to cross USD 30.5 billion by 2032, as reported in a research study by Global Market Insights Inc.

Expansion of multinational restaurant and hotel chains, especially in Europe as a chief driver of the market growth. For instance, the expansion of multinational fast-food chains such as McDonald’s has increased the demand for meat & poultry products due to the rising demand for chicken and beef around the world. Furthermore, growing investment by the government to improve the quality and working environment in food processing industries has been another major driver for industry size.

With respect to meat, the meat and poultry processing equipment market ...

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Jan 17 8:58 AM, General News


REPORTER: Food Trends in Focus in 2023

This article was originally featured in the Winter 2023 Edition of Urner Barry’s Reporter magazine. Want a FREE subscription? Click HERE.

If anything, the food industry is resilient. After spending much of the last three years battling the COVID-19 pandemic, the focus has shifted to record inflation and a potential recession heading into 2023.

With questions about rising food prices and the impact it will have on consumer food spending habits, industry experts are expecting social media, classic menu items and sustainable protein options to play a key role in the...

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Jan 17 7:30 AM, Urner Barry


CBP Seizes Prohibited Plant, Animal Materials, Issue $18K in Penalties at Laredo Port of Entry

As the international bridges at Laredo Port of Entry teemed with returning paisano traffic this weekend, and in order to prevent the inadvertent proliferation of pests and diseases, U.S. Customs and Border Protection (CBP), Office of Field Operations (OFO) agriculture specialists, flanked by Texas Game Wardens, stepped up examinations and intercepted significant quantities of prohibited plant, animal material and issued penalties.

“Our CBP agriculture specialists and agriculture canine teams this weekend faced a significant amount of traffic and increased risk of...

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Jan 16 2:17 PM, General News


NRF Announces Six Additions to Board of Directors

The National Retail Federation today announced the addition of six new members to its Board of Directors. The new members were elected to the board at NRF’s annual winter board meeting, held at NRF 2023: Retail’s Big Show.

“We are honored to welcome such a distinguished and diverse group of individuals to the NRF Board of Directors,” NRF President and CEO Matthew Shay said. “Their willingness to provide volunteer leadership, expertise and guidance to NRF allows us to continue driving positive change on behalf of retailers large and small in communities across...

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Jan 16 9:32 AM, General News


Uber Eats and Visa Partner for Greener Restaurant Packaging

Uber (NYSE:UBER) and Visa (NYSE:V) today announced a new program designed to support small-and medium-sized businesses in their transition to green and sustainable packaging solutions, as part of a broader year-long effort to support SMBs who use Uber Eats to grow their businesses.

Together, the two companies will make $1 million accessible to qualifying Uber Eats restaurants in New York, Los Angeles, London, Paris and Madrid to be used towards funding sustainable packaging solutions to help transition to a greener future, which hospitality industry research indicates...

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Jan 16 9:29 AM, General News


The Wendy's Company Reports Preliminary Fourth Quarter and Full Year 2022 Results

The Wendy's Company (Nasdaq: WEN) today reported preliminary, unaudited results for the fourth quarter and fiscal year ended January 1, 2023. The Company plans to release its audited financial statements and file its annual report on Form 10-K on March 1, 2023.

"Our 2022 results highlight the strength and resiliency of the Wendy's® brand as we continued to deliver compelling sales and profit growth," President and Chief Executive Officer Todd Penegor said. "During the year, global same-restaurant sales reached double digits on a two-year...

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Jan 13 9:28 AM, General News


Tyson Foods Appoints Adam Deckinger General Counsel and Secretary

Tyson Foods, Inc. (NYSE: TSN) announced today that Adam Deckinger has been named General Counsel and Secretary, effective immediately. Deckinger has been with the company since 2018, most recently serving as Senior Vice President, Head of Law and Compliance. Deckinger will report directly to Donnie King, President and Chief Executive Officer of Tyson Foods.

Deckinger will succeed Amy Tu, Chief Legal Officer & Secretary, who was named President, International & Chief Administrative Officer September 22, 2022.

Deckinger has more than 15 years of legal...

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Jan 13 9:26 AM, General News


Mercatus Unveils Next Generation Mobile Grocery Shopping App Providing Greater Customer Convenience

Mercatus, a leading provider of grocery eCommerce solutions, today announced the evolution of Mercatus Mobile -- an entirely new mobile commerce experience for grocery retailers and their customers. Built from the ground up with the latest mobile innovations in mind and using a completely new architecture, Mercatus Mobile delivers a seamless shopping experience to help grocers increase mobile conversions, improve order frequency and retain online customers.

The new mobile app offers grocery retailers more control over their online experience providing direct access...

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Jan 13 7:47 AM, General News


Afresh Technologies and Albertsons Companies Roll Out AI-Powered Platform to More Than 2,000 Stores

Afresh Technologies, the world's leading fresh food technology company, and Albertsons Companies (NYSE: ACI) announced today the completion of an enterprise rollout of the Afresh predictive ordering and inventory management platform across nearly all of Albertsons Cos.' banner stores across the country. The system was fully deployed in more than 2,000 stores in seven months, far less than the three to five years typically required for large-scale enterprise software implementations in the grocery industry...

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Jan 13 7:43 AM, General News


REPORTER: Convenience Stores Could Be The New Quick-Service Restaurant

This article was originally featured in the Winter 2023 Edition of Urner Barry’s Reporter magazine. Want a FREE subscription? Click HERE.

Step aside fast-food restaurants, convenience stores are taking the spotlight. With hot and ready-toeat meals, they are offering cheaper alternatives than what you may find at your local quick-service chain.

Convenience stores are the typical go-to store to get a pack of gum or bag of chips when stopping at the gas station, or even during a road trip to grab a quick bite...

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Jan 13 7:40 AM, Urner Barry


The Retail Rundown: Beef Dominates Total Sales; CPI Data Released

In this week’s retail rundown, we explore the economy and inflation with the latest CPI data signaling slowing inflation. 

The Bureau of Labor Statistics released the Consumer Price Index (CPI) data this morning, showing the index up 6.5% overall in December, in line with what analysts were anticipating. The food index rose 0.3% last month, following a 0.5% increase in November.

The food away from home index was up 0.4% last month. Food at home rose by 0.2%. The index for meats, poultry, fish, and...

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Jan 13 7:30 AM, UB Newswires


Grass Fed Certified Piedmontese Beef Now Non-GMO 100% Grass Fed & Finished

Certified Piedmontese beef has announced that they are now supplying 100% grass fed and grass finished beef that is also now Non-GMO. Raised and Produced in the USA, this sustainable meat offers all of the health benefits of grass fed beef with the added assurance of being GMO free. With the increasing demand for quality non-GMO foods, Certified Piedmontese Beef provides an excellent option for healthy, delicious protein for center of the plate customers.

Based in Lincoln, Nebraska, Certified Piedmontese...

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Jan 13 7:21 AM, General News


USDA Accepting Applications for Netherlands Agribusiness Trade Mission

The U.S. Department of Agriculture’s Foreign Agricultural Service is accepting applications from U.S. exporters for its first-ever regional agricultural trade mission to Amsterdam, Netherlands, April 17 – 20, 2023.

“Agribusiness producers, exporters, and growers in the United States may find the Netherlands to be a perfect gateway to Europe,” said FAS Administrator Daniel B. Whitley. “Participants will explore exporting opportunities in this mature market, which continues to grow, and meet potential buyers in surrounding regional markets.”

U.S. agricultural and related exports, including fishery...

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Jan 13 7:19 AM, General News


Hodie Meats and the Northlake Partners Strike Up Deal to Implement NorthScope ERP Software

On the heels of opening its further poultry processing facility, Hodie Meats has signed a deal with the Northlake Partners (NLP) to implement NorthScope as the company's ERP software.

As a holistic solution for Hodie Meats, NorthScope's Financial, General Ledger, Accounts Payable, Accounts Receivable, Sales and Inventory functional areas will be implemented. Accompanying the software, the implementation will also include training, configuration, report layout, design and customization, as well as go-live and post go-live support by NLP. 

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Jan 13 7:05 AM, General News


FMI Statement on December CPI Food Price Numbers

Today, FMI - The Food Industry Association Vice President, Tax, Trade, Sustainability and Policy Development Andy Harig issued the following statement on the December 2022 Consumer Price Index (CPI) numbers reflecting still elevated but moderating food price inflation.

“The latest CPI data serve as encouraging end cap on an otherwise turbulent year. As inflation slows, economists remain cautiously optimistic about the potential for a soft landing for the U.S. economy.

“Still, the December CPI data reflect that the global food market remains tight. In 2022, we witnessed energy prices become increasingly volatile, creating...

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Jan 12 1:12 PM, General News


Cargill Wins 2022 BIG Innovation Award

Cargill today announced it has been named a winner in the 2023 BIG Innovation Awards presented by the Business Intelligence Group.

Cargill is uniquely positioned to lead the transformation of our food and agriculture system to help address many of the world’s most pressing needs – from supply chain continuity to climate action and food security.

“Challenges are getting bigger and the time to solve them shorter,” said Florian Schattenmann, Cargill’s chief technology officer and vice president of Research & Development and Innovation. “That’s why our team is constantly focused on innovative solutions...

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Jan 12 9:02 AM, General News


Graduate Students Recognized Through 2022 W.D. Farr Scholarship

Colorado State University graduate students Ashley Schilling of Timnath, Colorado, and Lane Giess, of Pierz, Minnesota, have each been awarded a $15,000 W.D. Farr Scholarship by the National Cattlemen’s Foundation (NCF). The annual W.D. Farr Scholarship program, established by NCF in 2007, recognizes outstanding graduate students who plan to pursue careers furthering the beef industry.

Schilling and Giess were selected from 21 applicants based on their academic achievements, leadership and commitment to the advancement of the beef industry. They will be recognized during the...

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Jan 12 8:59 AM, General News


ANALYSIS: Rib Primal Showed Unusual Strength in December

The beef market saw price volatility to the upside to end the year given the sharp production cuts seen in December as packer margins were squeezed from multiple angles. Sudden gains were nearly broad-based as buyers felt the need to step in and procure product amid supply constraint thoughts. This is indicative of the continued strong demand for beef seen for years. But while some of the items should not come as a surprise, a closer look at the rib primal certainly does...

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Jan 12 8:55 AM, Urner Barry


In-N-Out Burger Announces Expansion to Tennessee

In-N-Out Burger, California's first "drive-thru" hamburger stand founded by Harry and Esther Snyder in 1948, today announced intentions to open future restaurants in Tennessee with an Eastern territory office to be built in the city of Franklin.

“We are very excited to provide Tennesseans with our quality burgers, fries and shakes,” said Lynsi Snyder, In-N-Out owner, president and sole granddaughter of Harry and Esther. “In every decision I make, I always consider what my family would want...

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Jan 12 8:35 AM, General News


Tyson Foods to Create 400 Jobs at Caseyville Prepared Foods Plant

Tyson Foods has expanded its workforce projections for its Caseyville Prepared Foods facility, creating approximately 400 new team member positions to meet the growing demand for Hillshire Farm® and Jimmy Dean® grab-n-go snacking and breakfast items. This boost in facility team members is a result of the $180 million expansion currently in development. Seven state of the art production lines and 270,000 square feet will be added to the existing Caseyville facility to increase automated warehousing and robotics...

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Jan 12 8:13 AM, General News


Mintec and Urner Barry combine to create a market leading Price Reporting Agency and Data Provider

The combined company will be a global market leader focused on the Agri/Food and FMCG end-markets, offering a set of proprietary data including benchmark prices, price forecasts, cost modelling and market insights, delivered through an innovative SaaS platform.

Mintec, the leading global provider of price data, analytics, and forecasts for agri-food, today announced the acquisition of AgriBriefing, which includes the brands Urner Barry, Strategie Grains, FeedInfo and Tropical Research Services. Building on previous acquisitions by Mintec – Kairos Commodities and CommoPrices – this establishes the combined company as the largest agri-food-focused PRA and global information provider with a unique portfolio of feed-to-food commodity prices, forecasts, cost modeling tools and fundamental market data, serving over 5,000 customers in 50 countries.

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Jan 12 8:09 AM, Urner Barry


Steakholder Foods Ltd. Announces Closing of $6.5 Million Public Offering

Steakholder Foods Ltd. (Nasdaq: STKH) ("Steakholder Foods" or the "Company"), an international deep-tech food company at the forefront of the cultivated meat industry, today announced the closing of its previously announced underwritten public offering of 6,500,000 American Depositary Shares ("ADSs"), (or ADS equivalents in lieu thereof) and warrants to purchase up to 6,500,000 ADSs at a public offering price of $1.00 per ADS (and accompanying warrant) for aggregate gross proceeds of $6.5 million, before deducting underwriting discounts and other offering expenses...

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Jan 11 10:46 AM, General News







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Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

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