The Retail Rundown: Raising the 'Steaks' for Father’s Day

The Memorial Day and July 4th holidays are popular burger occasions, whereas Father’s Day is typically geared toward steak consumption. Fittingly, grocers have upped the feature volume for steaks ahead of the upcoming holiday weekend.

Steaks currently make up 43.3% of total retail buying opportunities within the beef complex, up from 37.7% the week prior. Ground beef ads also saw a week-over-week advance, now holding 35.3% of beef’s total retail activity. Feature activity for roasts has eased as fewer households utilize their ovens during the hotter weather.

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HPAI H5N1 Virus in Dairy Cattle – What We Know

In March 2024, Highly Pathogenic Avian Influenza (HPAI) A (H5N1), commonly referred to as bird flu, was confirmed in domestic U.S. livestock for the first time in a dairy operation in Texas. Since then, the virus has spread to 36 dairy operations across nine states, raising widespread uncertainty throughout the dairy and livestock markets. Industry participants have raised concerns about the outbreak's potential impact on consumer perception and demand for dairy and meat products, though government agencies reiterate that the national food supply remains safe. Urner Barry is closely monitoring the situation...

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Jun 13 6:15 AM, UB Newswires



The Retail Rundown: Raising the 'Steaks' for Father’s Day

The Memorial Day and July 4th holidays are popular burger occasions, whereas Father’s Day is typically geared toward steak consumption. Fittingly, grocers have upped the feature volume for steaks ahead of the upcoming holiday weekend.

Steaks currently make up 43.3% of total retail buying opportunities within the beef complex, up from 37.7% the week prior. Ground beef ads also saw a week-over-week advance, now holding 35.3% of beef’s total retail activity. Feature activity for roasts has eased as fewer households utilize their ovens during the hotter weather.

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Jun 12 8:35 AM, UB Newswires


ANALYSIS: Grilling Season Heats Up as CAB Bone-In Strip Prices Reach Year-High

As we head towards Father’s Day weekend, the Certified Angus Beef® market has witnessed some uplift around many of the cuts that are favorites during grilling season. The bone-in 1x1 shells are no exception. Since about mid-April, bone-in strips have witnessed a steady climb and have even surpassed levels seen this time of year. From April 22, prices have jumped by 17% in what has developed into a more traditional spring run-up...

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Jun 12 8:00 AM, Urner Barry


Perdue Farms Announces Perry Aulie as President of Perdue AgriBusiness

Perdue Farms, a fourth-generation, family-owned U.S. food and agricultural company, is pleased to announce the appointment of Perry Aulie as President of Perdue AgriBusiness, effective July 1, 2024. Aulie succeeds Scott Fredericksen, who is retiring from the Maryland-based company.

Aulie, currently the Senior Vice President of Value-Added Products, has been with Perdue AgriBusiness since 2019. Under his leadership, the Value-Added Business has seen sales triple over the past four years, driven by his innovative approach and commitment to addressing the dual challenges of climate...

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Jun 12 8:00 AM, Urner Barry


Jack in the Box Announces First-Ever Entry into Georgia

Jack in the Box Inc., a leading franchisor in the quick-service restaurant industry, today announced a significant development agreement to open 15 new Jack in the Box locations throughout Georgia. This expansion marks the Company's entry into the Peach State and signifies continued dynamic growth for the brand in the Southeastern United States.

“This new franchise commitment represents a significant step forward in our strategic expansion across the Southeastern United States,” said Tim Linderman, chief development officer. “With the addition...

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Jun 11 3:06 PM, Urner Barry


ADM Animal Nutrition Further Expands Recall of Feed Products

Archer Daniels Midland's animal feed unit expanded Monday a previously announced recall of products to include 67 new lots.

ADM Animal Nutrition's recall was announced on March 30 and expanded on April 11, and covered chicken, swine and rabbit feed products. The latest expansion includes feed products for horses, lambs, goats, cattle and llamas.

The lots may contain elevated levels of magnesium, sodium, calcium, chloride and/or phosphorus and may harm cattle, chickens, swine, goats, and other animals, the company said. ADM said no illnesses have been reported to date...

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Jun 11 9:55 AM, Urner Barry


April Pork Exports Largest in Nearly Three Years; Beef Exports Also Trend Higher

April exports of U.S. pork reached the highest volume and value since May 2021, according to data released by USDA and compiled by USMEF. It was also a robust month for U.S. beef exports, which were the largest in 10 months and valued at just under $900 million.

Fueled by a record performance in leading market Mexico, pork exports totaled 277,910 metric tons (mt) in April, up 14% from a year ago and the fifth largest on record. Export value climbed 18% to $778.8 million

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Jun 11 8:43 AM, Urner Barry


HelloFresh Teams Up with Colavita to Introduce New Ciao, Italia Menu 

HelloFresh, the world’s leading meal kit company, has teamed up with Colavita, the family-owned premium Italian specialty products company, to introduce a new limited-time recipe series, Ciao, Italia. Boasting authentic Italian flavors and fresh, specialty ingredients, each recipe is inspired by a region of Italy and is perfect for those looking to take a trip to Italy without leaving the comfort of their kitchen. In fact, recent survey data revealed* that while more than half (53%) of Americans expressed interest in traveling to an international locale...

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Jun 11 8:00 AM, Urner Barry


ANALYSIS: The Domino Effect, Herd Reduction Impacts Beef Markets

As we begin to work through the back half of the year, there have been quite a few interesting trends to unfold through the first 6 months within the boxed beef markets. It is no secret that the U.S. beef herd has been in a contraction phase for some time within both the fed and non-fed sectors of the beef market. This has become most evident when you look at cow & bull slaughter figures year-to-date, which are down nearly 10% already...

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Jun 11 8:00 AM, Urner Barry


PODCAST: Agri-Food for Thought Ep 10 - Bird Flu: The Saga Continues

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Jun 11 8:00 AM, Urner Barry


Highly Pathogenic Avian Influenza Detected in Wyoming Dairy Herd

The Wyoming Livestock Board (WLSB) and the Wyoming Department of Agriculture (WDA) have received confirmation from the United States Department of Agriculture’s (USDA) National Veterinary Services Laboratory (NVSL) of the detection of highly pathogenic avian influenza (HPAI) in a dairy cattle herd in Wyoming. The detection was first identified in samples received by the Wyoming State Veterinary Laboratory. This is the first confirmed case of HPAI in a dairy farm in Wyoming.

The Wyoming Livestock Board (WLSB) and the Wyoming Department of Agriculture (WDA) have received confirmation...

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Jun 10 8:55 AM, Urner Barry


Meijer Makes Healthy Foods More Accessible for SNAP Participants

As part of its ongoing commitment to expand access to healthy foods, Midwest retailer Meijer is now accepting the use of Supplemental Nutrition Assistance Program (SNAP) benefits on its Meijer app, providing a more convenient option for customers to pay for groceries like fresh produce and milk.

The new payment capability was unveiled across all of its Midwest stores last week, enabling SNAP participants to pay for their Meijer app orders using an Electronic Benefits Transfer (EBT) card. The enhancement represents the latest way Meijer is increasing access to healthy...

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Jun 10 8:00 AM, Urner Barry


ANALYSIS: China’s May 2024 Meat Imports Slip 3.35% Y-O-Y Over Weak Consumption

Preliminary custom statistics showed that China’s May 2024 meat imports (including entrails) were recorded at 557,000 mt, the latest General Administration of Customs People's Republic of China data indicated. 

Imports rose 2.39% m-o-m from April 2024’s 544,000 mt. Market players believed this increase was largely driven by the influx of Brazilian material. On 12th March 2024, China approved the addition of 38 new production plants to receive imported meat from Brazil, leading to an increase...

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Jun 7 1:37 PM, Urner Barry


ANALYSIS: Brazil's Beef Exports Reach Record Highs in May, China's Shares Decline

Brazil has achieved a historical record in beef exports as of May 2024, exporting an unprecedented 211,976 MT of beef. This represents an increase of 1.9% from the previous month and a surged 25.9% when compared to the same period last year. On a YTD basis, the total volume is up by 16.7%.

China remains the leading importer, purchasing 97,876 MT of Brazilian beef in May. However, this figure is slightly lower than April's 101,023 MT ,a 3.1% decrease,  and corresponds to an 11.8% decline compared...

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Jun 7 10:28 AM, Urner Barry


ANALYSIS: Australia's May 2024 Meat Exports Soar to Record Highs

Australia’s May 2024 total meat exports hit a record high, reaching a total of 200,188 mt of meat, including beef/veal, mutton, lamb, and pork, data from the Department of Agriculture, Fisheries, and Forestry (D.A.F.F) indicated. Volumes surpassed record highs last seen in October 2019 at 189,895 mt.

Volumes on a year-on-year basis jumped 22.0% or 36,122 mt. Exports grew 9.6% or 17,441 mt after a 4-month consecutive rise.

The country’s beef/veal exports for May 2024 jumped 24.5%...

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Jun 7 8:12 AM, Urner Barry


Smithfield Foods Enters Agreement to Buy Nashville Sausage Facility from Cargill 

On Thursday, Smithfield Foods announced it entered into a definitive agreement to buy a dry sausage facility from Cargill in Nashville, Tennessee. 

The latest acquisition will expand Smithfield’s growing footprint in the value-added packaged meats segment. The transaction is expected to close by the end of next month. Terms of the agreement were not disclosed. 

“This transaction is a testament to our continued focus on growing our packaged meats business by staying ahead of and delivering on our customers’ preferences. Dry sausage is one of our fastest-growing...

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Jun 7 8:00 AM, UB Newswires


Armanino Foods of Distinction Announces the Addition of Two New Directors to Its Board

Armanino Foods of Distinction, Inc., a leading innovator in the gourmet food industry, is pleased to announce the appointment of Tony Muscato and James Ford, CFA, to its Board of Directors, to fill the vacancies created by the passing of directors Edmond Pera and Patricia Fehling. These appointments reflect the Company's commitment to strengthening its leadership team and enhancing its strategic vision.

Tony Muscato brings over 30 years of experience in the food industry, having held key leadership roles, including President & CEO of...

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Jun 6 9:25 AM, Urner Barry


United Natural Foods, Inc. Reports Third Quarter Fiscal 2024 Results

United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today reported financial results for the third quarter of fiscal 2024 (13 weeks) ended April 27, 2024.
“We delivered another quarter in-line with our fiscal 2024 plan and our third consecutive quarter of improving profitability driven by continued progress on near-term operational and efficiency initiatives. This progress includes significant cost reduction actions and supply chain efficiencies, and we see opportunity to drive further improvement across these areas,” said Sandy Douglas, UNFI’s Chief Executive Officer...

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Jun 6 8:00 AM, Urner Barry


South American Meat Inc. Recalls Frozen Raw Beef Products Imported Without Import Reinspection.

South American Meat Inc., also known as 5Gogi LLC, an importer located in Commerce, Calif., is recalling approximately 20,111 pounds of various eligible frozen raw beef products that were not presented to FSIS for import reinspection upon entry into the United States, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The various frozen raw beef items were imported from Uruguay on or around March 17, 2024. The following products are subject to recall... 

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Jun 5 9:21 AM, Urner Barry


Consumers Remain ‘Willing to Spend’ Even as Growth Slows

Shoppers are still willing to buy even as smaller job and wage gains and high interest rates are slowing the growth of consumer spending, National Retail Federation Chief Economist Jack Kleinhenz said today.

“U.S. economic growth for the remainder of this year will depend on several factors but particularly the pace of job growth, inflation and what actions will be taken by the Federal Reserve,” Kleinhenz said. “The good news is that the economy is growing, inflation is moderating, and overall fundamentals look fine as increased consumer spending supports underlying momentum.”...

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Jun 5 8:00 AM, Urner Barry


The Retail Rundown: Focus Shifts to Next Big Cookout Event

Shoppers welcomed the unofficial start of summer over the Memorial Day weekend with grilling go-tos including hamburgers, ribs, and chicken parts. Circana data indicates ground beef sales totaled nearly $82.9 million last week, up from $68.4 million the week prior and outpacing $77.1 million during the same week in 2023. Beef ribeye also saw increased sales week-over-week, earning $32.3 million with distribution (the number of UPCs selling within the given aggregate) totaling 90,781up from 87,175 the week prior...

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Jun 5 8:00 AM, UB Newswires


CME Group Appoints John Ricci as Managing Director and Global Head of Agricultural Products

CME Group, the world's leading derivatives marketplace, today announced the appointment of John Ricci as Managing Director and Global Head of Agricultural Products.

Reporting to Derek Sammann, Senior Managing Director and Global Head of Commodities Markets, Ricci will be responsible for leading the development, execution and management of the exchange's agricultural business globally. He will be based in Chicago.

"We are pleased to welcome John to CME Group," said Derek Sammann, Senior Managing Director and Global Head of...

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Jun 4 10:05 AM, Urner Barry


Delicious Deal Alert: Domino's® Pizza is 50% Off This Week!

Craving delicious, mouth-watering pizza at an even tastier price? Domino's Pizza Inc. (NYSE: DPZ) has you covered. The largest pizza company in the world is running a special deal: 50% off all menu-priced pizzas ordered online June 3-9.

"The first day of summer is June 20, but you don't have to wait to celebrate," said Kate Trumbull, Domino's senior vice president – chief brand officer. "Start the festivities early by trying our newest crust – New York Style...

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Jun 3 9:42 AM, Urner Barry


Transaction Represents 88th Acquisition for Leading Distributor of Foodservice Packaging

Transaction Represents 88th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products

Imperial Dade, a leading North American distributor of foodservice packaging supplies, industrial products, and janitorial supplies, today announced the acquisition of Regional Distributors, Inc. (the “Company”). The transaction represents the 88th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, Chairman and CEO of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed.

David and Tracy Scalen founded Regional Distributors in 1994 and operate with ‘Service Beyond Expectations’ and are...

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Jun 3 9:27 AM, Urner Barry


Post Holdings Announces Executive Leadership Changes at Weetabix and Refrigerated Retail Business

Post Holdings, Inc., a consumer packaged goods holding company, today announced planned executive leadership changes at its Weetabix and Refrigerated Retail businesses. These transitions and internal promotions are part of the company’s ongoing business succession planning.

Weetabix
Sally Abbott, Managing Director, will transition to a strategic advisor role effective Oct. 1, 2024, through her planned retirement on March 31, 2025. Colm O’Dwyer, currently Commercial Director for Weetabix, will succeed Abbott as Managing Director, effective Oct. 1, 2024.

Abbott joined Weetabix in 2008 as Marketing Director...

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Jun 3 8:53 AM, Urner Barry


Smashburger® Welcomes Thomas Prather as Chief Marketing Officer

Smashburger®, a leading fast-casual better burger brand is pleased to announce the appointment of Thomas Prather as Chief Marketing Officer. With over 20 years of experience in the food and beverage industry, Prather is primed to fuel the company's global brand strategies.

"We are delighted to welcome Thomas Prather as Smashburger's CMO and are confident that he will be an invaluable addition to our team," said Denise Nelsen, CEO of Smashburger. "Having previously worked alongside Thomas, I know his consistency, attention to detail, and ability to stay current on...

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Jun 3 8:00 AM, Urner Barry


Analysis: April Boost in Pork Cold Storage Can't Offset Annual Shortfall 

The recent USDA Cold Storage Report revealed a notable 38-million-pound increase in April, marking an 8.25% month-over-month rise. However, cold storage levels remain 66 million pounds below this same time last year, reflecting an 11.6% decline.

Several items showed month-over-month increases, including bellies (3%), butts (8.3%), bone-in hams (49.5%), boneless hams (28.5%), boneless loins (3.3%), bone-in picnics (17.6%), ribs (3.7%), and total pork (8.25%). In contrast, bone-in loins (-3.2%) and trimmings (-0.2%) experienced decreases due to improved interest...

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May 31 10:09 AM, Urner Barry


ANALYSIS: Inside Skirts Cool Off After Hot Spring

Back in March, we highlighted the Certified Angus Beef® inside skirts and the contra seasonal moves witnessed leading into the spring. It appeared that buyers did their work earlier in 2024 amid reduced slaughter levels seen at that point. As we check back in on that item, it does confirm that buyers were in fact early to the draw this year, and prices have come down to just about the levels seen at this point last year. The item has lost roughly 9.85% of its value...

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May 31 8:12 AM, Urner Barry


Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal First Quarter Ended April 21, 2024

Red Robin Gourmet Burgers, Inc. , a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal first quarter ended April 21, 2024.

Highlights for the First Quarter of Fiscal 2024, Compared to the First Quarter of Fiscal 2023:

  • Total revenues are $388.5 million, a decrease of $29.3 million.
  • Comparable restaurant revenue(1) decreased 6.5%.
  • Net loss is $9.5 million, compared to a... 
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May 31 8:00 AM, Urner Barry


Jack in the Box Gives Big Value Energy with New Jack’s Munchies Under $4 Menu

Jack in the Box Inc. is fighting the inflation squeeze with a new value menu that gives fans more ways to choose. With a history of providing a variety of affordable munchie options to its fans, Jack in the Box continues to create new ways to stretch your dollar.

Jack in the Box unveiled a brand new Jack’s Munchies Under $4 Menu, featuring some of the brand’s most beloved, iconic menu items plus a new edition... 

 

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May 30 8:09 AM, Urner Barry


Hargett Hunter Appoints Scott Taylor CEO of New Full-Service Restaurant Platform

Hargett Hunter announced today that 30-year hospitality industry veteran Scott Taylor has been appointed Chief Executive Officer of its newly created full-service restaurant platform, Cherry Bounce Hospitality. Taylor joins the leading private equity firm after serving in C-level executive positions at Walk-On’s Sports Bistreaux, Beef ‘O’Brady’s and the University of Florida.

Taylor will oversee the full-service brands Trudy’s Authentic Tex-Mex, Cajun Steamer Bar & Grill and Live.Eat.Surf Restaurants as he builds out the new platform...

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May 29 12:21 PM, Urner Barry


U.S. Department of Agriculture Announces Key Staff Appointments and Promotions

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

Crestina Martinez has been appointed Colorado State Director for Rural Development

Martinez previously served as Director of Strategic Outreach & Advocacy at Xcel Energy where she developed and implemented strategic outreach and advocacy initiatives centered on environmental justice, energy equity, and Tribal relations. Martinez also has experience as Adams County Director of Long-Term Recovery & Major Initiatives where she led the development of strategies for equitable economic and health recoveries from... 

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May 29 12:08 PM, Urner Barry


Dollar Tree, Inc. Completes Transaction for 170 ‘99 Cents Only Stores’

Dollar Tree, Inc. today announced that it acquired designation rights for 170 leases of 99 Cents Only Stores across Arizona, California, Nevada, and Texas. The deal was completed via two transactions in May that were approved by the United States Bankruptcy Court for the District of Delaware. As part of the transactions, Dollar Tree also acquired the North American Intellectual Property of 99 Cents Only Stores and select on-site furniture, fixtures, and equipment.

In April, California-based 99 Cents Only Stores filed for Chapter 11 

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May 29 9:18 AM, Urner Barry


Cracker Barrel Elects Cheryl Henry to Board of Directors

Cracker Barrel Old Country Store® today announced that Cheryl Henry, 50, has been elected to the company's Board of Directors, effective immediately. Ms. Henry is replacing director William Moreton, who will step down from the Board for personal reasons effective May 28, 2024. Despite his departure, Mr. Moreton will continue to serve as an advisor to the Board and to management through the end of calendar 2024.

Ms. Henry is the former President, Chief Executive Officer, and Chairwoman of Ruth's Hospitality Group, Inc., a fine-dining restaurant company operating...

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May 28 2:17 PM, Urner Barry


BJ’s Wholesale Club Holdings, Inc. Announces First Quarter Fiscal 2024 Results

BJ’s Wholesale Club Holdings, Inc., today announced its financial results for the thirteen weeks ended May 4, 2024.

“During the first quarter, we delivered strong increases in membership, traffic and unit volumes. This resulted in revenue growth and market share gains in our clubs and at our gas stations. Our merchandising improvements and digital conveniences, grounded in delivering compelling value, are resonating with our members. We are also growing our footprint and remain on track for 12 new club openings this year,” said Bob Eddy...

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May 28 8:00 AM, Urner Barry


US Foods Announces the Passing of Board Chair Robert Dutkowsky; Appoints David Tehle as Board Chair

US Foods Holding Corp., one of the largest foodservice distributors in the United States, announced today that Board Chair, Robert “Bob” Dutkowsky unexpectedly passed away today in his home in Florida at the age of 69.

“It is with a very heavy heart that I announce Bob’s passing,” said Dave Flitman, Chief Executive Officer. “Bob was a steadfast leader of our Board, trusted mentor to me and thought partner to our esteemed Board members. He provided sound advice and counsel, and contributed...

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May 28 8:00 AM, Urner Barry


Moderate Growth Expected for Mexican Meat Production in 2024

Comecarne, the Mexican Meat Council, has estimated that Mexican meat production will maintain moderate growth in 2024, influenced by potential disruptions in the supply of livestock feed and impacts of climate on grain and forage production.

In the previous year, total meat consumption in Mexico reached 10.3 million tonnes, including pork, beef, and chicken. This marked a 4.9% increase compared to the end of 2022, positioning Mexico as the sixth largest meat consumer globally.

According to Comecarne, the rise in consumption is largely attributed to lower consumer prices and increased...

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May 28 8:00 AM, FeedInfo


Pork Producers One Step Closer to Certainty as Bipartisan Solution for Prop. 12 Clears 

The National Pork Producers Council (NPPC) is pleased to announce the U.S. House Agriculture Committee has passed their 2024 Farm Bill, which supported all of producer’s farm bill requests, including a federal fix to the host of Prop. 12 issues plaguing producers and consumers.

“The 2024 Farm Bill is a golden opportunity to address a top issue for pork producers across the country – California Prop. 12 – and I’m pleased to see the U.S. House Agriculture Committee seize the opportunity to stop a potential

 

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May 24 10:17 AM, Urner Barry


The Wendy's Company Names Abigail Pringle President, U.S. and E.J. Wunsch President, International

The Wendy's Company (Nasdaq: WEN) announced the appointment of Abigail Pringle to the newly-created role of President, U.S. and E.J. Wunsch to President, International effective June 17. Ms. Pringle has served as President, International and Chief Development Officer since 2019, and in numerous leadership roles across Development, Operations and Strategic Initiatives since joining the Company in 2002. Mr. Wunsch has served as Chief Legal Officer since joining the Company in 2016. He has been a strategic partner on various international initiatives across Australia...

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May 24 8:00 AM, Urner Barry


Meats by Linz Weeks Away From Opening New Indiana Facility

Meats by Linz has crossed state lines with an investment into an expanded space in Hammond, Indiana. 

The company spent $38 million for its 120,000 square foot facility which broke ground about two years ago and is set to start business this summer.

This family business was founded in 1963 and started as a local butcher shop that supplied meat to fine Chicago restaurants. 

It moved into its Calumet City, Illinois facility in 2004. Later, it opened the family's Angus ranch in Crown Point, Indiana in 2013 and....

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May 24 8:00 AM, UB Newswires


Chick-fil-A Introduces NEW Maple Pepper Bacon Sandwich: Perfectly Sweet with Gentle Heat

This summer, Chick-fil-A® is inviting Guests to embrace the big flavors of a backyard barbecue with the launch of a new, seasonal entrée – the Maple Pepper Bacon Sandwich. Complementing the smoky flavors, Chick-fil-A's much-loved seasonal treat – the Peach Milkshake – is making its return for the 15th year as a perfectly sweet sidekick. Starting June 10, Guests nationwide can enjoy these limited time menu items while supplies last.

Maple Pepper Bacon Sandwich:...

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May 23 2:16 PM, Urner Barry


United Natural Foods, Inc. Extends Distribution Partnership with Whole Foods Market to 2032

United Natural Foods, Inc. announced today that it has extended its wholesale grocery distribution partnership with Whole Foods Market, an affiliate of Amazon.com, Inc. (NASDAQ: AMZN), by entering into an eight-year extension agreement with the company to serve as their primary distributor. The term of the newly extended distribution relationship between the parties will now run until May 2032, replacing the term of the prior agreement, which was set to expire in September 2027.

“We are proud to extend our longstanding partnership with Whole...

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May 23 8:00 AM, Urner Barry


ANALYSIS: Australian Beef Imports Maintain the Top Spot

The USDA Agricultural Marketing Service's weekly report on Imported Meat Passed for Entry in the U.S. by Country sheds light on the ongoing dynamics in the beef import market. With domestic 90% Fresh Chemical Lean prices remaining historically high (Chart 1), it is no surprise that the volume of fresh beef boneless trimmings imported to the U.S. has reached levels unseen since 2015. Year-to-date (YTD) import shipments are pegged at 253,464 metric tons (MT), 31% above the 10-year average...

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May 23 8:00 AM, Urner Barry


ANALYSIS: Coarse Grinds Heat Up as Warmer Weather Ignites Grilling Season

As the Memorial Day holiday has come into view, coarse grinds have begun to showcase some seasonality which have been largely absent previously. Data shows 81% of coarse grinds increased nearly 27% year-to-date, 7% below the 5-year average. This is partially skewed due to the years of COVID-19 in the mix, particularly in 2020.

As weather has improved across the United States, grinds have slowly reappeared in the spotlight, encouraging buyers with incentives to return to the market as grilling season is set to begin...

 

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May 23 8:00 AM, Urner Barry


Specialty Food Association Releases New Research, Understanding the Real Value of Specialty Foods 

The Specialty Food Association (SFA) has released a second edition of its groundbreaking research report, Understanding the Real Value of Specialty Foods. Built on interviews with 1,000 shoppers, 100 retailers, and other data points, the new report outlines the positive impact of specialty products on retailer profitability and shopper loyalty, impact that has only increased in importance since the first edition came out in 2014.

Describing the current moment as "an era of specialty food prominence," the report notes that sales of specialty products have...

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May 23 8:00 AM, Urner Barry


ANALYSIS: Global Price Overview - 90% Trimmings

Urner Barry offers comprehensive beef price coverage across the world’s largest markets. This analysis evaluates 90% trimmings, a major ingredient for manufacturing beef products widely traded in different global regions.

To access the full range of Urner Barry's market insights, refer to our prices and market commentary. This includes coverage for U.S. Choice, Select, and Ungraded Boxed Beef, as well as U.S. Boneless Beef markets. We also provide coverage for U.S. imported beef sourced from Australia, New Zealand, Central America, Uruguay, Argentina, and Brazil, all the above are updated twice daily...

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May 23 8:00 AM, Urner Barry


NPPC, Farm Bureau Lead Nearly 1,000 in Coalition to Urge Congressional Fix to California Prop. 12

The National Pork Producers Council (NPPC) joined forces with the American Farm Bureau Federation to garner support from 900+ agricultural stakeholders supporting the federal fix to California Prop. 12 to be included in the 2024 Farm Bill.

Laying out robust arguments in a letter to U.S. House Agriculture Committee Chairman G.T. Thompson (R-PA) and Ranking Member David Scott (D-GA) on Prop. 12’s damaging implications, the coalition highlighted the following:

Marketplace mayhem: S. Agriculture Secretary Tom Vilsack warned the...

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May 22 9:23 AM, Urner Barry


ANALYSIS: China’s Beef Imports Hit Lowest in April Since Start of 2024 Amid Sluggish Demand

China’s April 2024 beef imports plummeted to its lowest point since the start of the year, shedding 7.7% month over month or 18,718 mt to 224,402 mt, the latest General Administration of Customs People's Republic of China data indicated.

By virtue of its population, China is the world's second largest beef market after the US, with most of the growth led by affluent urbanites. In recent years, the beef market has been further boosted by the rapid growth of the 'quick commerce' sector, which 

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May 22 8:08 AM, Urner Barry


MDARD: Highly Pathogenic Avian Influenza Detected in Three New Dairy Herds

Today, Michigan Department of Agriculture and Rural Development (MDARD) Director Tim Boring announced the detection of highly pathogenic avian influenza (HPAI) in additional dairy herds from Clinton, Gratiot, and Ionia counties. Testing through the Michigan State University Veterinary Diagnostic Laboratory detected this case. Samples have been sent to the U.S. Department of Agriculture’s (USDA) National Veterinary Services Laboratories for additional confirmatory testing.

Regardless of species, biosecurity remains the best tool available to combat HPAI. On May 1, 2024, Director Boring issued the Determination of Extraordinary Emergency HPAI Risk Reduction...

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May 22 8:00 AM, Urner Barry


USDA Awards $300 Million to Diversify Export Markets for U.S. Agriculture

Agriculture Secretary Tom Vilsack announced today that the U.S. Department of Agriculture is allocating $300 million to 66 U.S. organizations, under the new Regional Agricultural Promotion Program (RAPP), to build demand for American food and farm exports in high-potential markets around the globe.

Secretary Vilsack launched RAPP in October 2023, authorizing $1.2 billion in Commodity Credit Corporation funding to help U.S. exporters expand their customer base beyond traditional and established markets, focusing on regions such as Africa, Latin America and...

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May 22 8:00 AM, Urner Barry


The Retail Rundown: Ads Centered on Get Grillin’ Themes

This week's retail ads are centered on get grillin' themes as consumers stock up on burgers, hot dogs, and other barbeque staples for the upcoming Memorial Day holiday. 

For the holiday weekend, seafood features take the cake with 28.8% of total protein ad volume. Pork climbed to second with 23.7%, followed by chicken with 20%. Beef features eased to 19.3% of the mix, down about three points from the week prior.

Looking at seafood, fresh/frozen filets make up 31% of retail buying...

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May 22 6:18 AM, UB Newswires


USMEF Statement on Regional Agricultural Promotion Program Funding Allocations

On May 21, U.S. Secretary of Agriculture Tom Vilsack announced funding allocations for the Regional Agricultural Promotion Program (RAPP), which utilizes Commodity Credit Corporation (CCC) funds to diversify export markets for U.S. agricultural products.

U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom issued the following statement:

USMEF is honored to participate in RAPP and we thank Secretary Vilsack and the staff at USDA for their vision and leadership in implementing this program. The additional investment in foreign market development is very timely...

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May 21 1:31 PM, Urner Barry


G. Willi-Food international Reports the results of first quarter 2024

G. Willi-Food International Ltd., a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the first quarter ended March 31, 2024.

First Quarter Fiscal Year 2024

  • Sales decreased by 10.1% to NIS 136.0 million (USD 37.0 million) from NIS 151.4 million (USD 41.1 million) in the first quarter of 2023.
  • Gross profit decreased by 13.5% year-over-year to NIS 34.7 million (USD 9.4 million).
  • Operating profit decreased by 10.7% year-over-year to...
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May 21 8:17 AM, Urner Barry


CHEEZ-IT® Opens the Cheez-In Diner Serving a Full Menu of Delicious, Absurdly Cheezy Classics 

Imagine you've hit the road for your first summer getaway when that Cheez-It® craving hits – but you're fresh out of your favorite cheezy, crunchy snack. Suddenly, an orange glow illuminates your path, leading you to the ultimate destination for hungry Cheez-It superfans: The Cheez-In Diner is now open!

Just two hours outside New York City nestled among the scenic byways of the Catskill Mountains, this FOMO-inducing diner experience in the...

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May 20 3:57 PM, Urner Barry


Kroger Celebrates Memorial Day with Backyard Grilling Bundle for as Little as $4 per Person

The Kroger Co. today shared it is celebrating Memorial Day with Locked-in-Low prices on grilling essentials as families gather in a day of remembrance. For as little as $4 per person, the barbeque bundle includes all the staples to commemorate the holiday.

"At Kroger, we are exceedingly grateful for the sacrifice, devotion and bravery of our armed forces who unselfishly gave their lives for the fundamental promise of American freedom," said Rodney McMullen, Kroger's chairman and CEO...

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May 20 3:03 PM, Urner Barry


Mars Petcare US, Inc. Voluntarily Recalls 315 Bags of PEDIGREE® Adult Complete Nutrition 

Mars Petcare US is voluntarily recalling 315 bags of PEDIGREE® Adult Complete Nutrition Grilled Steak & Vegetable Flavor Dry Dog Food in the 44 lb. bag size only, due to the potential presence of loose metal pieces in the bag.

The affected products have a Best By Date of March 4, 2025 and Lot Code 410B2TXT02. This is a limited voluntary recall only affecting 315 bags of product that were sold by Walmart in Arkansas, Louisiana, Oklahoma and Texas.

Product
44 lb. bag PEDIGREE® Adult...

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May 20 2:04 PM, Urner Barry


Pizza Hut Announces Kalen Thornton as Global Chief Brand Officer

Today, Pizza Hut announced two new executive marketing appointments.

Kalen Thornton will join the company as Global Chief Brand Officer reporting to Pizza Hut Division Chief Executive Officer, Aaron Powell, effective June 10. In this role, Thornton will lead Pizza Hut's global brand strategy and oversee all aspects of marketing across 110 markets and territories. Thornton will also be responsible for guiding the brand to a new chapter of relevance – harnessing the power of strategic, engaging customer connections across physical and digital touchpoints and ensuring that...

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May 20 10:13 AM, Urner Barry


MDARD: Designates Two Bovine Tuberculosis Testing Areas

Today, due to the detection of bovine tuberculosis (TB) in wild deer from Benzie, Crawford, and Otsego counties during the 2023 deer hunting season, Michigan Department of Agriculture and Rural Development (MDARD) Dr. Tim Boring has designated two bovine TB testing areas. One area includes specific portions of Benzie and Manistee counties, and the other includes portions of Crawford and Otsego counties. Testing all the cattle and bison herds within these areas will help to protect animal health, public health, and market access for Michigan's cattle, meat, and milk products...

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May 20 8:08 AM, Urner Barry


Walmart Opens High Tech Fulfillment Center in Greencastle, Pennsylvania

Walmart associates were joined by local elected officials and community members today to celebrate the grand opening of a new 1.5 million square-foot fulfillment center 10 miles north of Hagerstown, located at 1915 Ebberts Spring Court in Greencastle. This next generation facility will enable the retailer to fulfill more orders, more quickly.

"This is an exciting day for Greencastle, and we are thrilled to be the new home of Walmart's newest state-of-the-art fulfillment center," said Antrim Township Board of Supervisors Vice Chairman, Patrick Heraty...

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May 20 8:00 AM, Urner Barry


American, Mexican, and Canadian Cattle Producers Sign Joint Statement Raising Brazilian Beef Concern

Today, leaders of the National Cattlemen’s Beef Association (NCBA), Confederación Nacional de Organizaciones Ganaderas (CNOG), and Canadian Cattle Association (CCA) signed a joint statement to continue advocating for greater oversight of emerging lab-grown proteins, protecting cattle from animal diseases, and promoting the sustainability of the cattle industry. This action builds on the recent statement signing with Cattle Australia and furthers the international partnerships between cattle producers.

“The signing of this joint statement is an important step that unites cattle producers across North America...

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May 17 8:00 AM, Urner Barry


CJ Logistics America Opening Centrally-Located Cold Storage Warehouse in Kansas City

CJ Logistics America, a leading innovative supply chain and technology company, announced today that it will be opening a new cold storage warehouse in New Century, Kansas, just 30 miles outside of Kansas City. Developed in a joint venture by Yukon Real Estate Partners, a national cold storage developer, and BGO, a global leader in cold storage real estate, the project boasts a rail-served 291,000 square foot warehouse complete with Alta EXPERT refrigeration and is targeted to open its doors in Q3 2025.

 

 

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May 16 9:54 AM, Urner Barry


Perkins Restaurant & Bakery Heads to California With 10 Unit Development Deal

Perkins Restaurant & Bakery®, a leading family-dining restaurant serving homestyle comfort classics and fresh-from-the-oven pies, is thrilled to announce a milestone in its storied franchising history. The brand recently signed a groundbreaking 10 unit development deal, marking Perkins first foray into California and underscoring its commitment to bringing its beloved offerings to new communities.

The announcement comes at an exciting period of franchising for Perkins as the brand has experienced a record breaking year of growth....

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May 16 9:42 AM, Urner Barry


The Retail Rundown: Memorial Day Promotions; Latest CPI Data

Spring is in the air… and the first inklings of summer are making a reappearance too. Memorial Day is less than two weeks out and grocers are enthusiastically preparing for the official start of the grilling season.

Cookout staples like charcoal, outdoor serving ware, grilling cuts, and all things barbeque are migrating toward the front page of circulars, bringing increased visibility to the meat case, deli counter, and prepared foods sections of the store. 

In the week leading up to Memorial Day weekend last year, 78-84% lean ground beef was...

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May 15 8:45 AM, UB Newswires


2024 U.S. Grocery Shopper Trends Series: How Consumers Are Finding Value at the Grocery Store, FMI

Shoppers enjoy food shopping as much as ever, according to the latest annual survey by FMI – The Food Industry Association, conducted by The Hartman Group. The analysis kicking off this 2024 series, U.S. Grocery Shopper Trends: Finding Value, provides a crucial snapshot of consumer behavior and sentiment in the most frequently purchased consumer category amid ongoing concerns about the impact of inflation on the cost of groceries.

While consumer concerns about food inflation persist, FMI’s newly launched U.S. Grocery Shopper Sentiment Index, which accounts...

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May 15 8:00 AM, Urner Barry


McLane Announces Grand Opening of McLane Innovation Kitchen

McLane Company Inc., one of the nation’s largest distributors and an industry-leading partner to retail and restaurant brands nationwide, recently announced the grand opening of its Innovation Kitchen at the company’s headquarters in Temple, Texas.

Designed for customers as a full-scale replica of the complete c-store experience, this state-of-the-art space showcases how cutting-edge retail foodservice equipment and products seamlessly fit into various footprints and counter spaces while exploring the world of McLane Fresh, Emerging Brands and CVP private label brands...

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May 14 2:16 PM, Urner Barry


Pizza Hut Enters the Burger Business with New Cheeseburger Melt

Starting today, Pizza Hut is entering the burger business with a better way to burger. Introducing the new Cheeseburger Melt, a parmesan-crusted thin crust Melt folded and loaded with beef, applewood-smoked bacon, onions, mozzarella, and cheddar, served with Burger Sauce on the side. The savory, cheesy, crunchy menu item ditches the bun (say goodbye to soggy bun burger deliveries) and brings together a medley of flavors for those craving a cheeseburger all wrapped into a crispy thin crust. With this handheld, Pizza Hut has cracked the code...

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May 14 9:39 AM, Urner Barry


Jack in the Box Celebrates Jack Box’s Birthday With a Week of FREE Food

Jack in the Box, Inc. knows that birthdays should be birth-weeks. Jack Box, the chain’s beloved leader, is known for giving fans what they want, even on his own birthday. Jack Pack members can take advantage of daily free food offers from May 13 - 19 online and through the Jack app.

For the whole week of Jack Box’s birthday, Jack Packers will get rewarded each day with a new offer with any $1 purchase. Schedule of free offers include...

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May 14 8:00 AM, Urner Barry


ANALYSIS: Brazilian Beef Export Volumes Show a Robust 25% Monthly Growth in April

Despite the general sentiment of a softened market from key export destinations for the Brazilian beef, exports in April demonstrated a significant upturn, with total fresh beef exports reaching 208,053 MT, a 25.1% increase from previous month’s 166,303 MT. The significant rebound in export figures from March have surprised some stakeholders given the persistent talk about a subdued demand and pressured prices. Particularly from the Chinese market, a major trading partner of Brazil.

April’s overall market undertone diverged by some means from the increased export figures...

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May 14 8:00 AM, Urner Barry


ANALYSIS: Factors Influencing Mexican Ribeye Export Levels

The Mexican market has recorded its lowest export levels to the US in the last five years during 2024, primarily due to the strength of the peso in the exchange rate and increased demand in the Mexican domestic market. Despite this, the limited availability of materials in the USA has sustained interest in Mexican ribeyes.

Throughout the year, export price trends have mirrored those in the US market, particularly with select-type materials. Notably, this cut has shown remarkable price stability, maintaining consistent demand and demonstrating robust performance in the first quarter of...

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May 14 8:00 AM, Urner Barry


ANALYSIS: Impacts of Prop 12 Shape Memorial Day Outlook for Pork Ribs, Bacon and Butts

Memorial Day is traditionally celebrated as one of the major pork holidays each year. Ribs, bacon, and butts are all beloved staples of this popular weekend that marks the official start of summer. However, this year presents a unique situation due to rebounding cold storage levels post prop 12 proclamation, sow liquidations, and economic uncertainty, unlike the past few years.

The current values for bone-in butts show an increase of 3.9% compared to this time last year, and they are also 10.4% above the...

Full Story »
May 14 8:00 AM, Urner Barry


McDonald 's Cooperating with Chinese Regulator After Reported Food Issues

White Castle, home of The Original Slider® and America's first fast-food hamburger restaurant, is recognizing National Slider Day on May 15 by treating Cravers to a complimentary Original Slider. No purchase is necessary. Customers will simply use a digital coupon available on White Castle's social media channels or enter the code SLIDERDAY on the app to redeem the offer.

Cravers visiting White Castle on National Slider Day on May 15 will receive a complimentary Original Slider.

White Castle introduced National Slider Day in May 2015 to honor the...

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May 13 2:54 PM, Urner Barry


Colombian Government Considers $5 Mln Investment in Agricultural Bio-Inputs Plant

The Colombian government is studying a potential USD $5 million investment to construct a public agricultural bio-inputs plant, based on information disclosed by the Ministry of Agriculture to Blu Radio.

This initiative forms part of Colombia's broader strategy to enhance its agricultural infrastructure and comes amidst escalating costs for key agricultural inputs such as urea, which have seen historical price surges due to global market fluctuations influenced by the Ukraine conflict.

The proposed plant aims to develop a range of products essential for local agricultural operations...

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May 13 10:22 AM, FeedInfo


Thrive Market Hires April Lane as Chief Merchandising Officer

Thrive Market, the healthy and sustainable online grocery store, has named April Lane its Chief Merchandiser. Lane brings decades of e-commerce experience to her role and has a significant track record of advancing e-commerce merchandising at scale.

As the Chief Merchandising officer, Lane will be responsible for the site’s merchandising, which spans Food, Home, Health, and Beauty. She will also manage the Food Safety and Quality (FSQA) team, which oversees food quality, safety, and regulatory compliance across all product categories, including both branded and owned brands...

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May 13 9:51 AM, Urner Barry


OLM Food Solutions Introduces Hot Stuff Kitchen Stuffed Bites

Performance Food Group company addresses need for quality, on-the-go snacks

OLM Food Solutions, a Performance Food Group company, is excited to announce the expansion of its snack offerings with Hot Stuff Kitchen Stuffed Bites. This product line pairs hearty portions of classic flavors with various doughs, from flaky pastry to buttermilk biscuits, which offers home-style taste and on-the-go convenience.

Created to meet America's growing demand for convenient, tasty snacking options, Stuffed Bites is designed with operational efficiency and market appeal in mind...

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May 13 9:25 AM, Urner Barry


ANALYSIS: Global Price Overview– Beef Knuckles

Urner Barry offers comprehensive beef price coverage across the world's largest markets. This analysis examines a popular cut, the knuckle, which is traded in different global regions. The report explores market conditions and price trends for knuckles, a round cut utilized in various applications such as processed steak items, ground beef production and for slicing and dicing.

To access the full range of Urner Barry's market insights, refer to our prices and market commentary. This includes coverage for U.S. Choice, Select, and Ungraded Boxed Beef, as well as U.S. Boneless Beef markets...

Full Story »
May 10 3:14 PM, Urner Barry


Analysis: Rising Demand for U.S. Boneless Pork Butt in South Korea

Upon analyzing the USDA's year-to-date export data, there is a noteworthy increase of 70.6% in total weekly U.S. pork export volumes to South Korea compared to this same period last year. These exports have primarily consisted of pork butt items.

Conversely, year-to-date total beef exports to South Korea have decreased by 5.4% from the previous year. Elevated U.S. beef prices have led to a reduction in weekly export volumes to South Korea.

With dwindling pork supplies in the European market and high U.S. beef prices...

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May 10 10:31 AM, Urner Barry


ANALYSIS: Insights into Non-Fed Slaughter

The quotation for 90% Fresh Chemical Lean Beef Trimmings exceeding $3.00 per pound has historically been a rare occurrence, happening only four times prior to this year: in September 2014, January 2015, late Spring 2020, and early Fall 2023. However, since the start of February, prices have remained above this mark for 14 consecutive weeks as seen in Chart 1 below.

Chart 1. UB Beef Trim 90%

One significant factor driving these historically high prices is the slowing rate of cow and bull slaughter in the U.S. According to the...

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May 10 8:10 AM, Urner Barry


Packaged Facts Illuminates the State of the U.S. Food Market

Propriety survey shows that 53% of consumers are still very concerned about rising food prices.

In a dynamic landscape where food and beverage trends evolve faster than ever, Packaged Facts’ latest report, U.S. Food Market Outlook 2024: Opportunities & Challenges With Pricing, Convenience, Sustainability & More, provides a compass for industry players navigating uncharted waters.

The food industry faces unprecedented tests—from supply challenges and rising labor costs to changing consumer preferences and increasing need to address sustainability issues. Packaged Facts’ new report equips retailers, service providers, wholesalers, food processor...

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May 10 8:04 AM, Urner Barry


Podcast: Agri-Food for Thought Ep 9 - Rising Input Costs, feat. Special Weather Analyst

Full Story »
May 10 8:00 AM, Urner Barry


Brazil's BRF Shares Rise Almost 14% After Strong Q1 Results

Shares in Brazilian pork and chicken processor BRF SA rose almost 14% in early afternoon trade on Wednesday after the company reported strong quarterly results on better pricing in export markets and lower grain costs.

The company said it earned a net 594 million real ($116.88 million) in the first quarter, which is seasonally weaker than the preceding one, beating the average of analysts' expectations of a 449.79 million real gain.

Analysts at BTG Pactual said in a note to clients that BRF's performance was "impressive."...

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May 9 10:21 AM, Urner Barry


B&G Foods Reports Financial Results for First Quarter 2024

B&G Foods, Inc. today announced financial results for the first quarter of 2024. Financial results for the first quarter of 2024 reflect the impact of the Green Giant U.S. shelf‑stable divestiture during the fourth quarter of 2023.

Summary

Guidance for Full Year Fiscal 2024

  • Net sales revised to a range of $1.955 billion to $1.985 billion.
  • Adjusted EBITDA revised to a range of $300 million to $320 million.
  • Adjusted diluted earnings per share revised to a range of $0.75 to $0.95...
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May 9 9:33 AM, Urner Barry


US Foods Reports First Quarter Fiscal Year 2024 Earnings

rew Net Sales 4.8% to $8.9 Billion and Gross Profit 4.9% to $1.5 Billion

Net Income of $82 Million

Grew Adjusted EBITDA 6% to $356 Million and Reaffirms Fiscal Year 2024 Guidance

Closed on IWC Food Service Acquisition in April

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the first quarter fiscal year 2024.

First Quarter Fiscal 2024 Highlights

  • Net sales increased 4.8% to $8.9 billion
  • Total case volume increased 4.2%...
Full Story »
May 9 9:20 AM, Urner Barry


Hormel Foods Announces Appointment of Colleen Batcheler as Senior Vice President

Hormel Foods Corporation, a Fortune 500 global branded food company, today announced that Colleen Batcheler has been appointed to the role of senior vice president, external affairs & general counsel.

In this critical role, Batcheler will oversee the organization's global Legal and External Affairs function, including corporate governance and securities, M&A, intellectual property, litigation, labor and employment, and legislative and regulatory affairs. She will report directly to Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods.

"I'm thrilled to welcome Colleen to...

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May 9 8:35 AM, Urner Barry

Clemens Food Group Acquires Kunzler & Company

Clemens Food Group of Hatfeild, Pennsylvania reported an acquisition of Lancaster based, Kunzler & Company, Inc.

Both Clemens and Kunzler have built success in the pork industry spanning over 120 years respectively, are family owned, and share core values which empasizes in family, team development and ethical business practices.

Clemens, the 5th largest pork processor in the US, will add to its portfolio three more processing plants, one in Lancaster and two in Tyrone. These locations help benefit the company's strategy to expand its support for Pennsylvania's agriculture and food processing industry...

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May 9 8:00 AM, UB Newswires


Monthly Import Cargo To Reach 2 Million TEU Through Early Fall

Monthly inbound cargo volume at the nation’s major container ports should consistently be above 2 million Twenty-Foot Equivalent Units through this summer and into early fall, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“We haven’t seen numbers this high for this many months in almost two years,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Regardless of what headlines about the economy might say, consumers are shopping and retailers are making sure they... 

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May 8 1:18 PM, Urner Barry


Burger King® Celebrates 70 Years With a New Birthday Pie Dessert and a Week Full of Delicious Deals

HAPPY 70th BIRTHDAY, BK! Burger King® is inviting Guests to celebrate its milestone birthday with an all new and festive dessert – the Birthday Pie Slice. Available for a limited-time at participating restaurants nationwide starting May 13, the new Birthday Pie Slice features a creamy birthday cake flavored pie-filling in a cookie crumb crust topped with rainbow-colored sprinkles, cake bites, and whipped topping.

The party doesn’t stop there! Burger King is best known for the...

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May 8 11:39 AM, Urner Barry


Brazilian Feed and Animal Protein Industries Face Disruptions Amid RS Worst Flood in History

Recent catastrophic rainfall across Rio Grande do Sul (RS), has caused what some are referring to as the worst floods in the history of Brazils most southern state. The city of Porto Alegre recorded alarming numbers where in just three days, 260 mm accumulated, equivalent to more than two months of precipitation.

Approximately 534,000 homes and businesses are without electricity, according to the Ministry of Mines and Energy. The National Municipalities Confederation noted financial damages surpassing R$ 559.8 million (Approximately $110 million)​​... 

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May 8 10:30 AM, FeedInfo


ANALYSIS: Tenderloin Prices Defy Springtime Expectations

Tenderloins have witnessed contra seasonal price movement ahead of, and throughout the traditional spring buying period. Urner Barry’s Choice Tenderloin quote entered 2024 at very similar levels seen at the onset of 2023, roughly $15.85/lb. Fast forward to the present and the item sits at $12.63/lb., a 20% drop in value through the first five months. At this point last year, tenderloins sat at $16.23/lb., about 22% above the current range and above the February trough. The item presently is also just shy of sitting 4% below the...

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May 8 8:00 AM, Urner Barry


The Retail Rundown: Showdown for Consumer Dollars this Mother's Day

Grocers and foodservice are preparing for a showdown with Mother's Day just a few days away. 

The upcoming holiday typically favors foodservice sales over retail as consumers celebrate their loved ones by visiting a dining establishment. According to the National Restaurant Association, 34% of consumers will dine out this Sunday, particularly during lunch and dinner. An additional 12% will order takeout or delivery.

However, retailers have a few tricks up their sleeves to get shoppers through the door by promoting deals on flowers, cards, gifts, and more. Grocers...

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May 8 6:49 AM, UB Newswires


Freddy's Launches Pretzel Bacon BBQ Steakburger & Chicken Sandwich 

Fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers® announced today the return of its Pretzel Bacon BBQ Steakburger with the addition of a Pretzel Bacon BBQ Chicken Sandwich, as well as its new Freddy's Frost lineup, including Lemon Cream and Orange Cream. The limited-time offers are available May 8 through July 2 at all Freddy's locations nationwide via drive-thru, in-restaurant dining, and pickup or delivery through the Freddy's mobile app and at https://freddys.com.

Freddy's returning Pretzel Bacon BBQ Steakburger is made with two premium quality steakburger...

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May 7 11:54 AM, Urner Barry


The Wendy's Company Reports 2023 Corporate Responsibility Progress

The Wendy's Company released its 2023 Corporate Responsibility report today, highlighting continued progress against Good Done Right, the Company's corporate responsibility strategy. In the report, Wendy's® details progress the Company has made across initiatives focused on responsible sourcing, fostering equitable workplaces and communities, and reducing greenhouse gas (GHG) emissions from restaurant operations and the supply chain. In 2023, Wendy's also strengthened stakeholder collaboration – a key ingredient to advancements across its Food, People and Footprint pillars – particularly with franchisees and direct and indirect suppliers...

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May 6 10:29 AM, Urner Barry


Pizza Hut Announces Carl Loredo President of Pizza Hut U.S.

New Appointment Supports Pizza Hut’s Ambitious Growth Agenda

Today, Pizza Hut announced that Juan Carlos “Carl” Loredo will join the company as the President of Pizza Hut U.S., reporting to Pizza Hut Division Chief Executive Officer Aaron Powell, effective June 3. In this role, Loredo will assume responsibility for driving overall performance of the brand’s U.S. business.

“Carl comes to Pizza Hut with a strong track record of positioning brands for success and delivering results in highly competitive markets. He is adept at helping brands show up in novel and...

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May 6 10:15 AM, Urner Barry


Knock Dinner out of the Park with Beef

Spring means baseball and softball, and it also means the kickoff to summer grilling season. This year, the Beef. It’s What’s For Dinner. brand, funded by the Beef Checkoff, is excited to announce the perfect partnership between beef and baseball/softball as a proud partner of the Little League® World Series.

A favorite at the ballpark and at home, beef makes dinner easy. As the official sponsor of the Perfect Home Plate with Little League, the Beef. It’s What’s For Dinner. brand will make mealtime even easier with delicious, balanced recipe...

Full Story »
May 6 8:00 AM, Urner Barry


ANALYSIS: Australia's April Beef/Veal Exports Surge, Narrow Miss from 2015’s Record Highs

Australia’s beef/veal exports for April rose a whopping 46.2% year-on-year to 105,367 mt (33,304 mt increase), narrowly missing record highs last seen in 2015, data from the Department of Agriculture, Fisheries, and Forestry (D.A.F.F) indicated.  

Industry players initially anticipated that Australia would break its April export beef/veal record this year. However, the latest Monthly Australian Meat Export figures fell short by 7,916 mt to surpass the previous record set at 113,283 metric tons, primarily due to lower volumes to key customer China...

Full Story »
May 3 10:01 AM, Urner Barry


FSIS Issues Public Health Alert for Raw Pork Chorizo Products 

The U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) is issuing a public health alert due to concerns of raw pork chorizo products that may be contaminated with a foreign material, specifically hard plastic and metal. FSIS is issuing a public health alert to ensure that consumers are aware that this product should not be consumed. A recall was not requested because the product is no longer available for purchase.

The raw pork chorizo items were produced on February 12, 2024. The following product is subject...

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May 3 9:04 AM, Urner Barry


Bird flu Outbreak in Dairy Cows Fails to Deter US Raw Milk Sellers

U.S. sellers of raw milk appear undeterred by federal health warnings for consumers to avoid drinking unpasteurized milk in light of a bird flu outbreak that has affected dairy herds in nine states and sickened at least one dairy farm worker.

Thirty of the 50 U.S. states permit the sale of raw milk, which accounts for less than 1% percent of U.S. milk sales. A nationwide survey of pasteurized milk - heated to kill pathogens - found avian flu virus particles in about 20% of samples tested...

Full Story »
May 3 8:22 AM, Urner Barry


Cargill Meat Solutions Recalls Ground Beef Products Due to Possible E. coli O157:H7 Contamination

Cargill Meat Solutions, a Hazleton, Pa., establishment, is recalling approximately 16,243 pounds of raw ground beef products that may be contaminated with E. coli O157:H7, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced today.

The raw ground beef items were produced on April 26-27, 2024. The following products are subject to recall [view labels]:

  • 2.25-lbs. plastic-wrapped trays containing "93% LEAN 7% FAT ALL NATURAL LEAN GROUND BEEF" with lot code 117 and establishment number "EST. 86P"...
Full Story »
May 3 8:00 AM, Urner Barry


Publix Reports First Quarter 2024 Results and Stock Price

Publix’s sales for the three months ended March 30, 2024 were $15.1 billion, a 5% increase from $14.3 billion in 2023. Comparable store sales for the three months ended March 30, 2024 increased 2.8%. The company estimates sales increased 1% due to the effect of the Easter holiday being in the first quarter of 2024. In 2023, the effect of the Easter holiday was in the second quarter.

Net earnings for the three months ended March 30, 2024 were $1.4... 

Full Story »
May 3 8:00 AM, Urner Barry


Standard Meat Company Announces Appointment of Keith Blanks as Chief Commercial Officer

Standard Meat Company (SMC) Co-President Ashli Rosenthal Blumenfeld announced the appointment of Keith Blanks to the position of Chief Commercial Officer (CCO) at the family-owned firm.
Founded in 1935 and headquartered at the iconic Stockyards in Fort Worth, Standard Meat Company (SMC) is a meat processing and packaging firm with plants in Dallas, Fort Worth, Saginaw, and Ponder, Texas. An industry leader in quality and innovation, the company is a global supplier of custom meat portioning and packaging solutions for...

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May 2 11:44 AM, Urner Barry


Papa Johns Announces Kurt Milburn as Chief Supply Chain Officer

Papa John's International, Inc. today announced the promotion of Kurt Milburn to Chief Supply Chain Officer, succeeding Shane Hutchins, who will retire after 26 years at Papa Johns, where he served as Chief Supply Chain Officer since October 2018. Mr. Hutchins will continue to work with Papa Johns as a consultant on special projects and to ensure a smooth transition.

Mr. Milburn joined Papa Johns in 2022 as Vice President of Supply Chain Operations and since that time has taken on additional responsibility to include engineering and...

Full Story »
May 2 11:32 AM, Urner Barry







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