Consumers are Tired of Inflation. But Some Retailers Fear Falling Prices

Just ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. The retail giant said if the trend continued, it would soon contend with deflation in some of those key household categories, which would be a welcome sight for consumers emerging from the worst price increases in decades.

But the retail giant backpedaled this week, saying higher prices on many grocery items and household staples like paper goods have stuck.

“There is deflation in certain categories — the possibility overall still remains — but prices are more stable than where they were three months ago,” CFO John David Rainey told...

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Tue. Feb 20, 2024

COMTELL: Cattle Situation
































































Wed. Jan 31, 2024

COMTELL: Hog Situation
















Pilgrim’s Pride Reports Profitable Year-End Results in 2023

During 2023, commodities were exceptionally volatile as markets began at near record lows given supply and demand imbalance and availability of other proteins combined with unsettling consumer sentiment. Throughout the year values gradually returned to more seasonal levels, while cost inflation remained elevated compared to historical standards.

“While our business faced a unique set of challenging conditions in 2023, we persevered as our team members maintained a leadership mindset and elevated their focus and execution of our strategy. As a result, we demonstrated an ability to drive profitable growth even under the most difficult circumstances as our sales and adjusted EBITDA strengthened throughout the year and showed increased momentum as we entered 2024,” said Fabio Sandri, Pilgrim’s CEO.

In the 4th quarter, the U.S. portfolio continued to...

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Feb 26 9:09 AM, General News



ANALYSIS: Inside Rounds Witness Post-Valentine's Bump to Highest February Price in Decades

Inside rounds have become one of the highlights within the boxed beef market during what is typically a seasonally dull period. The strength comes after what was a tremendous fall in pricing to end 2023. In October of last year, inside rounds reached a peak of $3.63/lb., before dipping all the way to $2.63/lb. at the onset of 2024. As of February 22, inside rounds sit at $3.18/lb., the highest level seen in the month February since...

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Feb 26 9:33 AM, Urner Barry


The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2023

The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2023, which ended on January 2, 2024.

Total revenues were $877.0 million in the fourth quarter of fiscal 2023 compared to $892.8 million in the fourth quarter of fiscal 2022. The fourth quarter of fiscal 2023 included 13 weeks compared to 14 weeks in the fourth quarter of fiscal 2022. Excluding the impact of the additional week in fiscal 2022, which contributed approximately $78.4...

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Feb 23 10:10 AM, Urner Barry


Mars and Unreasonable Group Announce Unreasonable Food™ To Transform Sustainability

Through its snacking division, Mars and Unreasonable Group today announced the beginning of a three-year partnership: Unreasonable Food™. Unreasonable Food seeks to become the world's premier global initiative focused on supporting rapid growth companies positioned to re-define our food systems - ensuring a more regenerative, inclusive, and equitable future of food for all.

This partnership will support the Mars Net Zero Roadmap and Mars Snacking's sustainability journey, while also delivering a more agile and forward-looking snacking business for Mars, dedicated to serving a just and sustainable...

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Feb 22 3:57 PM, Urner Barry


USDA Under Secretary Alexis Taylor to Lead Historic Native Nations Agribusiness Trade Mission 

U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor will lead an historic agribusiness trade mission to Vancouver, British Columbia, Canada, from June 17-20, 2024. This USDA mission will be the first of its kind, specifically highlighting products made and produced by tribal agribusinesses.

USDA is excited the trade mission will highlight the reinvigoration of historic agricultural trade networks amongst Native Nations across the United States and Canada. Participants will be tribal producers with the Made/Produced by American Indians...

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Feb 22 10:20 AM, Urner Barry


USDA and University of Georgia Break Ground on New Agriculture Research Facility in Tifton, Georgia

The U.S. Department of Agriculture’s Agricultural Research Service (ARS) and the University of Georgia (UGA) College of Agricultural and Environmental Sciences (CAES) hosted a groundbreaking ceremony today for the new state-of-the-art research facility housing the Southeast Watershed Research Laboratory and the Crop Genetics and Breeding Research Unit.

This new research facility will include a new 31,000 square foot building on the UGA Tifton campus. ARS and university employees’ research will advance climate-smart agricultural research ranging from water resources...

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Feb 22 8:00 AM, Urner Barry


Campbell Names Anthony Kyles Chief Customer Officer of Meals & Beverages

Campbell Soup Company today announced the appointment of Anthony Kyles as Chief Customer Officer, Meals & Beverages, effective March 4, 2024.
Kyles will lead the U.S. retail sales team for Campbell’s soups, meals, sauces and beverages, driving growth across the Meals & Beverages division with the company’s retail customers. He will be responsible for profitably growing an iconic portfolio of brands, including Campbell’s, Chunky, Pacific Foods, V8, Prego, Pace, Swanson and SpaghettiOs. He will join the Campbell Leadership Team and will report to Mick Beekhuizen, Campbell’s Executive Vice President and President, Meals &...

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Feb 22 8:00 AM, Urner Barry


ANALYSIS: Lighter Cattle Weights and Reduced Output Pull YTD Beef Production Lower

The impact of last month’s winter storms across the U.S. is illustrated in average cattle weights, which have dropped precipitously since the start of the year.

The latest USDA data indicated dressed steer weights at 909 pounds, up 1 pound from last year but 3 pounds below the week prior. Steer weights started the year at 937 pounds, a seasonal all-time high. Average dressed heifer weights were reported at 827 pounds, up 2 pounds from the week prior but 6 pounds under 2023 and down 24...

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Feb 22 8:00 AM, Urner Barry


US Foods CHEF’STORE Continues Steady Growth With Five New Store Openings Planned in 2024

US Foods Holding Corp. (NYSE: USFD) – one of America’s leading foodservice distributors – announced today its plan to open five new CHEF’STORE® locations in 2024. The new stores will be in Beaverton, Ore.; Hampton, Va.; Hickory, N.C.; Sandy Springs, Ga.; and Virginia Beach, Va. The new locations are expected to open in the second half of 2024. CHEF’STORE offers a one-stop-shop for restaurant operators, food industry professionals, community groups and at-home chefs to quickly stock up or replenish ingredients and...

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Feb 22 8:00 AM, Urner Barry


New Industry Resource Captures Culinary Evolution of the Caribbean

Developed in collaboration with local food scholars and regional chefs, the textbook is a go-to resource for educators and foodservice professionals

Honoring island traditions and promoting regional variations of local dishes are at the heart of a new USMEF marketing program to incorporate U.S. beef and pork into culinary communities throughout the Caribbean islands.

“The culinary histories of the islands are fascinating and ever-evolving,” says USMEF Caribbean Representative Elizabeth Wunderlich. “But there are no resources available that capture the multi-cultural influences...

 

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Feb 21 12:05 PM, Urner Barry


CMC, COMECARNE & Meat Institute Sign Joint Statement of Coordination

To deepen meat industry coordination and government collaboration in Canada, Mexico and the United States, the Canadian Meat Council (CMC), Consejo Mexicano de la Carne (COMECARNE), and the Meat Institute signed a Memorandum of Understanding (MOU) that formalizes the three associations’ ongoing work to improve trade, reduce regulatory barriers and enhance information exchange within North America. The organizations also finalized a Joint Statement of Coordination that emphasizes their collective commitment to addressing foreign animal diseases, sustainability and non-tariff trade barriers.

The MOU and Joint Statement were shared during COMECARNE’s...

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Feb 21 9:44 AM, Urner Barry


Kraig Westerbeek Named President, Smithfield Hog Production

Smithfield Foods has named Kraig Westerbeek as president of its hog production operations effective Feb. 29, reporting to President and Chief Executive Officer Shane Smith.

“Kraig has been an extremely valuable asset to Smithfield Foods throughout his career,” said Shane Smith, chief executive officer for Smithfield. “His extensive experience in our hog production division has helped keep Smithfield on the forefront of our industry, and I look forward to his continued leadership.”

Westerbeek brings more than 30 years of industry experience to his new role...

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Feb 21 8:57 AM, Urner Barry


ANALYSIS: A Seasonal Snapshot of Christmas and Easter's Boost to Lamb Leg Sales

As Easter approaches, the demand for lamb legs in retail stores noticeably rises, spurred by holiday traditions. Consumers, particularly those of the Catholic faith, often buy lamb legs for Easter as a symbol of renewal. Similarly, lamb is a popular choice during Christmas for some households. This trend leads to a significant uptick in both discounted and non-discounted sales at the retail level, highlighting the cultural impact of these occasions on the protein markets. To meet this surge in demand, suppliers and retailers diligently ensure an...

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Feb 21 8:21 AM, Urner Barry


ANALYSIS: A Closer Look at Formula vs. Negotiated Sales in the Boneless Beef Segment

In the domestic boneless beef sector, it is widely acknowledged that a significant volume of trade is conducted through formula pricing agreements. This analysis delves into this phenomenon, utilizing the volume reported by the USDA of fresh 50% lean trim as an example.

The chart above illustrates that, for the week ending 2/16/2024, 86.57% of the fresh 50% lean trim traded was priced through formulated agreements. To break this down, out of the total trade volume of 19.28M lbs.,16.69M lbs...

 

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Feb 21 8:16 AM, Urner Barry


ANALYSIS: UK Beef Fillet and Sirloin Prices Firm as Cattle Tightens

The fillets and sirloin markets continue to experience upwards pricing pressure since the beginning of the year. The largest contributing factor is thin inventories due to a tight cattle supply.

While foodservice suffered a lacklustre start of year as the ongoing cost of living pressures discourage consumers from dining out, demand from the retail sector remains strong.

Markets for PGI & UTM sirloins have been moving higher over the last four weeks. UTM whole striploins are seeing some trades at values as...

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Feb 21 8:10 AM, Urner Barry


The Retail Rundown: Finalizing February’s Features

Retailers are finalizing their February features while actively preparing for spring demand, which is bolstered by seasonal factors like warmer weather along with holidays including St. Patrick’s Day and Easter.

Retail features are shifting from red meat and poultry towards seafood as Lenten observers begin the 40 days of fasting and reduced meat consumption. 

The seafood complex continues to hold the top spot within total protein features, accounting for 37% this week. Beef follows with 21% of retail buying opportunities, while pork closes in at 19%. Chicken claims almost 16% of ad space, nearly...

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Feb 21 7:55 AM, UB Newswires


Fogo de Chão Celebrates the Return of the Porterhouse to the Churrasco Experience for a Limited Time

Fogo de Chão, the internationally-renowned restaurant from Brazil, invites guests to indulge in the premium Porterhouse cut as it returns to the Full Churrasco Experience for a limited time starting today at all U.S. locations, including Puerto Rico. The Porterhouse is an indulgent cut that includes both a New York Strip and Filet that is cooked bone-in, and served sliced tableside, delivering a juicy and rich flavor with every bite. Fire-roasted and seasoned with rock salt, the Porterhouse adds...

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Feb 20 10:44 AM, Urner Barry


Ahold Delhaize USA Names Marc Stolzman Chief Sustainability Officer

Ahold Delhaize USA today announced that Marc Stolzman has been named the Chief Sustainability Officer for Ahold Delhaize USA, reporting to JJ Fleeman, CEO of Ahold Delhaize USA. In this role, Marc will oversee all aspects of health and sustainability for the U.S. businesses, including strategy and goal setting, in alignment with Ahold Delhaize global sustainability ambitions and commitments, as well as all U.S. regulatory, compliance and financial reporting.

“As one of the largest food retailers on the East Coast, we are committed to being a sustainable retailer...

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Feb 20 10:39 AM, Urner Barry


Kinzie Capital Partners Announces the Acquisition of Arctic Industries

Kinzie Capital Partners LP (“Kinzie”), a Chicago-based private equity firm, announces the acquisition of Arctic Industries (“Arctic” or the “Company”), a national manufacturer and distributor of temperature control and cold storage solutions. The transaction, completed in partnership with Arctic’s management, marks an exciting new chapter for the Company as it sets the stage for further market expansion throughout the country.

Founded in 1981, Arctic operates through two business groups, Arctic’s walk-in group serving the foodservice and industrial markets with custom designed walk-in coolers and freezers and Store...

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Feb 20 10:12 AM, Urner Barry


Restaurant Brands International Inc. Introduces Five-Year Growth Outlook

Restaurant Brands International Inc. Chief Executive Officer, Josh Kobza, and Executive Chairman, Patrick Doyle, today shared their confidence in the long-term global growth outlook for Tim Hortons, Burger King, Popeyes and Firehouse Subs.

Mr. Kobza provided guidance for investors that the company expects to achieve a minimum of 40,000 restaurants, $60B in system-wide sales and $3.2B in Adjusted Operating Income by 2028 by delivering average annual results over the next five years of 3% plus comparable sales...

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Feb 16 9:49 AM, Urner Barry


Don Novo & Son Recalls Ready-To-Eat Meat Products Due to Possible Listeria Contamination

Don Novo & Son, a Miami, Fla. establishment, is recalling approximately 9,330 pounds of ready-to-eat (RTE) meat 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 meat products were produced on December 21, 2023. The following products are subject to recall [view labels]:

  • 1-lb. shrink-wrapped packages containing “Don Novo CHORIZO FULLY COOKED” with the expiration date of 3/30/2024 printed on the package.
    • 1-lb. shrink-wrapped packages....
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Feb 16 9:13 AM, Urner Barry


New FMI Report: Food Industry Committed to Health and Well-Being Initiatives

Most food industry companies are operating with established nutrition, health and well-being strategies to meet increased shopper focus on healthy eating

As Americans’ interest in nutrition and healthy eating has increased in recent years, companies across the food industry have implemented numerous initiatives to support consumers’ health needs and priorities, according to FMI – The Food Industry Association’s new Food Industry Contributions to Health and Well-Being 2024 report. The survey, conducted in October 2023, includes insights from both retailers and product suppliers... 

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Feb 16 8:00 AM, Urner Barry


US Foods Reports Fourth Quarter and Fiscal Year 2023 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2023.

Fourth Quarter Fiscal 2023 Highlights

  • Net sales increased 4.9% to $8.9 billion
  • Total case volume increased 5.6%; independent restaurant case volume increased 7.3%
  • Gross profit increased 9.4% to $1.6 billion
  • Net income available to common shareholders was $147 million
  • Adjusted EBITDA increased 10.9% to $388 million
  • Diluted EPS increased 59.5% to $0.59; Adjusted...
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Feb 15 8:49 AM, Urner Barry


Cleveland-Cliffs to Idle Weirton Tinplate Facility Following Unfavorable ITC Ruling

Cleveland-Cliffs Inc. announced today that it will be indefinitely idling its tinplate production plant located in Weirton, West Virginia in April 2024. The need to idle the Weirton plant is a direct result of the unanimous decision issued by all four members of the International Trade Commission (ITC) negating the implementation of anti-dumping and countervailing duties on tin mill products calculated by the Department of Commerce. A WARN notice is being issued today to approximately 900 impacted employees...

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Feb 15 8:07 AM, Urner Barry


ANALYSIS: Hog Weights Decline but Remain at Seasonal All-Time Highs

Significant disruptions to pork production in January due to the New Year's holiday and a string of winter storms created a backlog of market-ready hog supplies and historically heavy hog weights. Average live weights for barrow and gilts in Iowa/Southern Minnesota started the year at 293.1 pounds, a seasonal all-time high and two pounds below the record high hit in May 2020.

Weights remain at seasonal record highs but have posted three consecutive weeks of declines, suggesting that producers are becoming increasingly... 

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Feb 15 8:00 AM, Urner Barry


Fratelli Beretta USA, Inc. Recalls Ready-To-Eat Charcuterie Meat Products

Fratelli Beretta USA, Inc., a Mount Olive, N.J. establishment, is recalling an undetermined amount of ready-to-eat (RTE) meat charcuterie products containing Coppa that may be under processed, which may have resulted in possible contamination with foodborne pathogens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The RTE Coppa products have various best by dates. The products subject to the recall and the product labels can be viewed here.

The products subject to recall bear establishment number “EST...

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Feb 15 6:40 AM, Urner Barry


Mintec Completes Fourth IOSCO Accreditation for Proprietary Agrifood Prices

Mintec and leading brands, Urner Barry and Feedinfo complete the latest IOSCO accreditation for proprietary agri-food commodity prices.

Mintec has successfully completed an independent review of its proprietary food ingredient and agricultural commodity price assessment process for a fourth consecutive year. The International Organization of Securities Commissions (IOSCO) review encompassed 66 assessments for the company as a whole (including owned brands Urner Barry and Feedinfo) across the agri-food supply chain. Mintec achieved 41 Type 2 and 25 Type 1 assurances across its...

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Feb 15 6:37 AM, Urner Barry


ANALYSIS: January's Shifting Trends in Brazilian Beef Export Dynamics

The recently released  Brazilian export data for January unveiled significant shifts in the beef market, signaling a slightly broader diversification of Brazilian beef export destinations early this year.

While China remains the dominant player, its share saw a slight decline, as frozen boneless beef exports to China dropped by 11.8% from the same time of last year, amounting to a massive volume of 96,329 metric tons (MT) compared to 98,857 MT for the previous January, aligned with a 9.49% reduction in the average price per MT. This decline in prices reflects...

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Feb 15 6:22 AM, Urner Barry


Mg Foods Voluntarily Recalls Ham & Cotija Torta Sandwich Distributed in Florida 

MG Foods is voluntarily recalling a Ham & Cotija Torta Sandwich on Telera Roll sold in Florida. This voluntary recall is being initiated as a result of the Rizo-López Foods, Inc. recall of cotija cheese due to possible contamination with Listeria monocytogenes and associated with an outbreak the FDA is currently investigating.

Listeria monocytogenes is an organism that can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Although healthy individuals may suffer only short-term symptoms such...

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Feb 14 10:47 AM, Urner Barry


ANALYSIS: Fresh Beef At Retail Sees Slight Dip to Begin Year

The latest data from the U.S. Department of Agriculture (USDA)’s Meat Price Spreads report indicated that beef prices at the retail level remain at elevated levels, despite coming down slightly from the all-time highs seen during the fall of 2023.

As of January 2024, the all-fresh beef retail value sat at $7.81/lb., just 1.63% below the all-time high mark of $7.94/lb. seen in October 2023. Beef remains the priciest option in the meat case when compared to pork and chicken...

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Feb 14 8:42 AM, Urner Barry


The Retail Rundown: Surf and Turf Promotions for Valentine's Day

It's Cupid's Day and love is in the air for the foodservice sector as consumers celebrate with an evening out and a special meal.

Following the Super Bowl craze, the balance of this month is generally lackluster for retail. However, increased demand for premium cuts of meat and seafood helps to lift overall protein sales, especially for restaurants and fine dining establishments.

Various restaurant chains were showcasing Valentine's Day promotions last weekend and continue to offer special deals for the upcoming weekend including prix fixe menus for two.

Consumers planning...

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Feb 14 6:30 AM, UB Newswires


Biden Calls on Snack Companies to Stop 'Shrinkflation" Rip-Offs

U.S. President Joe Biden on Sunday called on snack companies to stop shrinkflation, which is when businesses cut product sizes but keep prices the same, describing the practice as "a rip-off."

"Some companies are trying to pull a fast one by shrinking the products little by little and hoping you won't notice," Biden said in a video posted on X, formerly known as Twitter, ahead of Super Bowl LVIII.

"Give me a break. The American public is tired of being played for...

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Feb 12 10:03 AM, Urner Barry


National Restaurant Association Calls on the FTC to Exclude Restaurants from “Junk Fees” Rule

In comments they call the proposal unwarranted and unlawful, and highlight significant unintended consequences for consumers

In comments submitted to the Federal Trade Commission (FTC) regarding its Unfair or Deceptive Fees Notice of Proposed Rulemaking, the National Restaurant Association and the Restaurant Law Center (Law Center) called for the Commission to exclude the restaurant industry from the final rule. In the comments, the groups highlight that the proposed rule’s blanket prohibition on “hidden” and “misleading” fees as applied to the restaurant industry is “unwarranted, unlawful...

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Feb 12 9:35 AM, Urner Barry


Melting Pot Announces Franchise Growth Incentive

On the heels of another strong year of unit-level sales growth and system-wide remodeling efforts, Melting Pot, a 93-unit experiential dining fondue franchise, has launched a franchise growth incentive, designed to help the brand meet the growing customer demand, as shown through limited Open Table reservation availability in major markets.

Franchise Growth Incentive | Expires July 1, 2024

A candidate or current Melting Pot franchise owner that is approved may execute a new restaurant franchise agreement, paying only a $5,000 franchise fee per unit (discounted from $45,000 * – with a...

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Feb 12 9:00 AM, Urner Barry


Podcast: Agri-Food for Thought on Valentine's Day and "Hot" Cocoa Prices in 2024

Jamie and Simon gear up for Valentine's Day with insights on consumer spending and the price tag on the food products they love. Featuring special guest, Andrew Moriarty! Listen Now. 

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Feb 12 8:00 AM, Urner Barry


CDFA Issues New Proposition 12 Guidance Document on Certificates

The California Department of Agriculture's (CDFA) Animal Care Program has issued a new guidance document to aid stakeholders in distinguishing between the various certificates issued for Proposition 12 compliance.

Proposition 12 (2018) went fully into effect on January 1, 2024. The law prohibits the sale of shell eggs, liquid eggs, whole pork meat, or whole veal meat in California from animals that fail to comply with specific standards for freedom of movement, cage-free design, and specified minimum floor space. 

The Supreme Court upheld Proposition 12...

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Feb 12 8:00 AM, UB Newswires


U.S. Pork Export Value Sets Annual Record; Strong Finish for Beef Exports

Led by a record-shattering performance in Mexico and broad-based growth in other markets, U.S. pork exports set a value record in 2023, according to year-end data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). While 2023 beef exports were below the record totals posted the previous year, December exports were the largest since August and December export value increased 10% year-over-year.

December pork exports climbed nearly 10% from a year ago to 268,399 metric tons...

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Feb 9 9:11 AM, Urner Barry


Commercial Broiler Flock in Nebraska Tests Positive for Bird Flu

A commercial broiler flock of 102,000 birds in Gage County, Nebraska recently tested positive for highly pathogenic avian influenza (HPAI). The detection was confirmed by the U.S. Department of Agriculture on February 6, marking the first outbreak in a commercial flock for the state since November 2022. 

Several small WOAH poultry and non-poultry operations in Nebraska were affected by HPAI between December 2022 and December 2023. 

“Nebraska hasn’t had any reported cases of HPAI for a few months so while we are disappointed, we are not surprised, to see another case...

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Feb 9 8:01 AM, UB Newswires


Surrender to Flavor: Carl's Jr. Celebrates Free Burger Day on Feb. 12

After days of speculation, hints, and leaked messages, it's time to confirm the truth. Carl's Jr.® is celebrating big wins and bold, irresistible flavors on Feb. 12 by giving away free Western Bacon Cheeseburgers to My Rewards members for Carl's Jr. Free Burger Day, the day after the big game. Yes, that's correct, FREE.

Get prepared! Download the Carl's Jr. app and join the free My Rewards program today. On Feb. 12, My Rewards members will receive...

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Feb 8 3:38 PM, Urner Barry


Instacart and Hy-Vee Partner to Meet Growing Demand for Same-Day Delivery

Hy-Vee, Inc. today announced it has expanded its partnership with Instacart (NASDAQ: CART), the leading grocery technology company in North America. Powered by Instacart Fulfillment as a Service (FaaS), Hy-Vee is integrating Instacart's fulfillment capabilities for same-day delivery into its owned and operated websites and apps.

Instacart's Fulfillment as a Service offering makes it easy for retailers to plug Instacart fulfillment technology into their existing e-commerce via API, seamlessly integrating with their storefronts and brand identity. Retailers can choose from flexible options, including...

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Feb 8 3:13 PM, Urner Barry


USDA Announces $270 Million Awarded to Build Food Supply Chain Resiliency

Secretary Vilsack visits with state agriculture leaders at the National Association of State Departments of Agriculture conference to highlight grant funding available through federal-state partnerships

U.S. Agriculture Secretary Tom Vilsack announced today that the U.S. Department of Agriculture (USDA), to date, has awarded over $270 million through cooperative agreements with state departments of agriculture to build resilience across the middle of the food supply chain and strengthen local and regional food systems. The funding is being awarded through the Resilient Food Systems Infrastructure program which...

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Feb 8 11:28 AM, Urner Barry


Canada Concerned That VCOOL Rule and Prop 12 Could Disrupt Supply Chains

Canadian Agriculture Minister Lawrence MacAulay met with U.S. Agriculture Secretary Tom Vilsack in Washington D.C. last month to discuss strengthening agricultural ties between the two countries.

During their meeting, Minister MacAulay raised proposed changes in voluntary country-of-origin labeling (VCOOL) regulations for meat and livestock. These regulations along with California's Proposition 12 could restrict trade and disrupt supply chains, said the Minister. 

The USDA proposed a rule last March that allows the voluntary “Product of USA” or “Made in the USA” label claim to be used on...

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Feb 8 9:26 AM, UB Newswires


Cargill Purchases Two Meat Plants from Long-Time Partner Ahold Delhaize USA

As U.S. consumer demand for convenient and affordable protein options continues to grow, Cargill announced today that the company has invested in two processing facilities to expand its production and distribution of supermarket case-ready beef and pork to retailers in the Northeast part of the country.

Cargill has purchased case-ready meat plants in North Kingstown, R.I., and Camp Hill, Penn. from Infinity Meat Solutions, subsidiaries of Ahold Delhaize USA. Cargill team members already staff both facilities, stemming from a long-term partnership with Ahold...

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Feb 8 8:06 AM, Urner Barry


Shrinking Supply of Dairy Heifers May Limit Growth of U.S. Milk Production

A sharp decline in the number of dairy heifers available to replace older cows exiting the U.S. dairy herd could limit any meaningful growth in domestic milk production over the next few years. The number of dairy replacement heifers has fallen almost 15% over the last six years to reach a 20-year low, according to data from the USDA’s most recent Cattle report. While the global demand outlook for U.S. dairy products remains murky due to export market uncertainties, any potential growth opportunities may be...

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Feb 8 8:02 AM, Urner Barry


Publix Vice President to Retire; New Vice President Announced

After 45 years of dedicated service, Publix Vice President of Customer Experience Bob Bechtel announced his decision to retire March 31.

“Bob has spent his career focusing on customer service,” said Publix CEO Kevin Murphy. “Through his leadership and efforts, he has helped our associates provide a premier shopping environment that has exceeded our customers’ expectations and helped create raving fans at Publix. We thank Bob for his many years of service to Publix and wish him the best in his retirement.”...

 

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Feb 8 8:00 AM, Urner Barry


The Most Searched Diet Plan in the U.S. is Available on the Blue Apron Menu

Blue Apron, a Wonder Group Company that pioneered the meal kit industry in the U.S., is growing its Prepared & Ready category with the introduction of Keto-Friendly meals, available to order now for delivery starting on March 4. The Prepared & Ready expansion is part of Blue Apron’s plans to grow the category to hundreds of recipes, focusing on increased variety and dietary flexibility.

“The initial demand for Prepared & Ready has exceeded our expectations by over 100%. Prepared meals is one of the fastest...

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Feb 7 3:37 PM, Urner Barry


ANALYSIS: Assessing the Price Disparity Between Domestic and Imported Lean Trimmings

Over the past two years, the lean trim market has witnessed a notable disparity in pricing between domestic and imported lean, as well as end cuts, including top rounds. In the graph above, 2022 appears relatively stable, contrasting sharply with the substantial gaps observed in 2023. In 2022, the highlighted items moved in tandem, particularly in June and November, facilitating straightforward formulations. However, 2023 introduced significant price spreads, reaching the peak in the fall when domestic 90% fresh chemical lean (CL) commanded a $.67/lb...

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Feb 7 8:41 AM, Urner Barry


ANALYSIS: Can the Momentum Continue for Beef Cheek Meat as Prices Soar?

As participants within the beef markets continue to seek out cheaper alternatives to some higher priced boxed beef cuts, one beneficiary has been beef cheek meat. A versatile item that can be used for an extensive list of eating experiences. As consumers continue to feel the bite of inflationary pressures, buyers within the market are seeking out more price palatable items. Urner Barry’s Beef cheek meat price has come into 2024 at the strongest level on record at $2.67/lb. on January...

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Feb 7 8:35 AM, Urner Barry


The Retail Rundown: Super Sunday Promotions 

The Super Bowl ranks as the second biggest eating occasion of the year, behind Thanksgiving. To prepare for this weekend's celebrations, circulars are brimming with promotions on items like finger foods, party trays, and beverages ahead of the showdown between Kansas City and San Francisco. 

The National Chicken Council (NCC) projects chicken wing consumption for Super Bowl LVIII at 1.45 billion wings, unchanged from last year's record level. Americans are more likely to prefer eating bone-in wings (53%) than boneless wings, based on the NCC’s survey findings.

Urner Barry's jumbo wing values...

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Feb 7 7:19 AM, UB Newswires


Kroger Announces CFO Transition

The Kroger Co. today announced that Gary Millerchip is stepping down as senior vice president and chief financial officer to assume an executive role at another public company. Todd Foley, group vice president, corporate controller and chief accounting officer, has been appointed interim chief financial officer, effective today. The Company will name a CFO successor at a later date.

"Todd is a proven leader who has served in key finance roles and has contributed meaningfully to Kroger's growth and transformation over more than 20 years," said Rodney McMullen, Kroger's chairman...

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Feb 6 10:15 AM, Urner Barry


QDOBA Mexican Eats® Has Valentine's Day Celebrations Covered, No Matter Your Relationship Status

This Valentine's Day, QDOBA is celebrating with fans, whether their relationship status is single, in a situationship or relationship, or simply those looking to grab lunch with a friend! According to a recent survey of the Gen Z demographic issued by QDOBA, only 11% of people believe Valentine's Day is strictly for romantic relationships, further underscoring the brand's invitation to celebrate yourself, friends, work bestie or anyone you fancy on the upcoming holiday. In the spirit of love — and like — for one day only on Valentine's...

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Feb 6 9:36 AM, Urner Barry


Cargill “Protein Profile” Finds Shrinking, Time-Strapped U.S. Households Demand Easier Meal Options 

Annual trends report reveals top industry insights, including consumers’ desire for more diverse and globally inspired foods on their menus

North American consumers need protein solutions that are right-sized, simple, globally inspired and affordable. That’s according to the newly published “Protein Profile,” an annual report produced by Cargill’s North American Protein business. The comprehensive findings are compiled by Cargill’s Marketing and Insights team, based on their own proprietary research and market intelligence gleaned from working with North America’s top retailers, food manufacturers and restaurants...

 

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Feb 6 8:06 AM, Urner Barry


Save A Lot Partners with Swiftly to Bring World-Class Digital Capabilities to its Retailers

The partnership will help drive advertising revenue, provide customers with budget-friendly savings and boost growth opportunities for supplier partners

Swiftly, a leading provider of innovative technology tools and solutions, today announced a strategic partnership with Save A Lot, one of the country's largest discount grocery chains. This collaboration aims to expand Save A Lot's digital footprint while enhancing customer, supplier and retail media engagement. Swiftly, uniquely positioned as the best technology provider suited for Save A Lot's independent owner model, brings expertise and resources...

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Feb 6 8:00 AM, Urner Barry


Restaurant Chains Prepare For Valentine’s Day, Ash Wednesday Mashup 

Valentine’s Day… a day of love and big spending. The National Retail Federation (NRF) predicts total spending on significant others to reach a record high this year at $14.2 billion. But this year February 14 also happens to be Ash Wednesday, the kickoff of the Lenten season.

Catholics are supposed to abstain from eating meat on not only Ash Wednesday, but the Fridays during Lent leading up to Easter Sunday. During this time many chains feature specials and limited time offerings for seafood to appeal to the crowd that observes...

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Feb 6 3:13 AM, SeafoodNews


Colorado Premium Opens New 175,000-Square-Foot Sous Vide Processing Plant

Colorado Premium – one of the country’s premier protein processors serving retailers, restaurant chains and meal delivery services – today announced the opening of its third processing facility and its first to specialize in fully-cooked sous vide proteins. Located in Greeley, Colorado, the 175,000-square-foot facility includes space for future expansion and will employ up to 275 workers when fully operational.

“Sous vide cooking has increased in popularity as restaurant operators seek to consistently deliver high-quality, great tasting products at scale with less reliance on backhouse labor,”...

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Feb 5 9:07 AM, Urner Barry


Macgregors Meat and Seafood Ltd Recalls Frozen Ready-To-Eat Pork Products 

Macgregors Meat and Seafood Ltd, a Woodbridge, Ontario, Canada establishment, is recalling approximately 2,745 pounds of frozen, ready-to-eat pork products that were not presented for import reinspection into the United States, the U.S. Department of Agriculture 's Food Safety and Inspection Service (FSIS) announced today.

The following products are subject to recall [view labels]:

  • 1.5-lb. cartons containing "44TH Street Slow Cooked BABY BACK RIBS MAPLEWOOD SMOKED SAUCE" with Julian dates 3453 and 0154 printed on the side of the immediate package...
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Feb 5 9:00 AM, Urner Barry


Hormel Foods Recalls Ready-To-Eat Spiced Deli Ham Products

Hormel Foods, an Austin, Minn. establishment, is recalling approximately 945 pounds of ready-to-eat spiced deli ham products due to misbranding and undeclared allergen, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced today. The product may contain milk, a known allergen, which is not declared on the product label.

The ready-to-eat spiced deli ham product was packaged on November 17, 2023. The following products are subject to recall [view labels]:

5-lb. plastic casing or various weight packages sliced from...

 

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Feb 5 8:54 AM, Urner Barry


Perdue Farms Chairman Jim Perdue Receives Lifetime Achievement Award

Jim Perdue, third-generation chairman of Maryland-based Perdue Farms, received the National Protein and Food Distributors Association (NPFDA) Lifetime Achievement Award during the group’s awards reception Wednesday at the annual Protein Convention and Showcase in Atlanta.

Each year, NPFDA recognizes individuals for a lifetime of contributions to the protein industry. Perdue is the 33rd recipient of the Lifetime Achievement Award, joining his dad, Frank Perdue, who was the first person recognized in 1991.

“My grandfather, Arthur W. Perdue, built our business on quality, integrity and trust, and my father...

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Feb 2 12:12 PM, Urner Barry


NRF Economist Says Labor Market and Interest Rates Will Play Major Roles in 2024

After a better-than-expected performance in 2023, what happens with the economy in 2024 could depend largely on the labor market and what the Federal Reserve does with interest rates, National Retail Federation Chief Economist Jack Kleinhenz said today.

“Federal Reserve officials have tough policy choices ahead as they decide on what to do and when,” Kleinhenz said. “There is still a risk that keeping rates too high could curb the economy’s momentum more than necessary. Yet if they lower rates too soon...

 

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Feb 2 10:41 AM, Urner Barry


Vanee Foods Recalls Chicken Flavored Base Products Due to Misbranding and Undeclared Allergens

Vanee Foods, a Broadview, Ill. establishment, is recalling approximately 9,564 pounds of chicken flavored base product due to misbranding and undeclared allergens, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced today. The product labeled as chicken flavored base may actually contain beef base, which contains soy and wheat, known allergens, that are not declared on the product label.

The product labeled as chicken flavored base, which may actually contain beef base, were produced July 26, 2023, and packed inside cases labeled as beef ...

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Feb 2 9:47 AM, Urner Barry


Amazon Could Face Government Order Making It Liable for Third-Party Products

Order from Consumer Product Safety Commission could classify company as a distributor, giving it the same safety responsibilities as traditional retailers

Amazon.com is facing a government order that could make it responsible for the safety of goods that it sells for outside vendors on its website and ships for them through its logistics network.

The U.S. Consumer Product Safety Commission is preparing an order that could classify Amazon's online retail business as a distributor of goods, according to people familiar with the matter. That designation could give Amazon...

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Feb 2 8:00 AM, Urner Barry


Good Times Restaurants Reports Results for the 2024 First Fiscal Quarter Ending December 26, 2023

Good Times Restaurants Inc. (Nasdaq: GTIM), operator of the Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard restaurant brands, today reported financial results for the 2024 first fiscal quarter ended December 26, 2023.

Key highlights of the Company’s financial results include:

  • Total Revenues for the quarter decreased 0.8% to $33.1 million compared to the first quarter of fiscal 2023
  • Total Restaurant Sales for Bad Daddy’s restaurants were $24.1 million for the quarter
  • Same Store Sales1 for company-owned Bad Daddy’s restaurants...
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Feb 2 8:00 AM, Urner Barry


Hormel Foods Announces the Retirement of Mark Coffey, Group Vice President of Supply Chain

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced the upcoming retirement of Mark Coffey, group vice president of supply chain. The company announced that Steve Lykken, group vice president of Jennie-O Turkey Store, will advance to group vice president of supply chain. In this role, Lykken will lead the company's One Supply Chain organization, including procurement, manufacturing, engineering, logistics, research and development, quality management and plant operations.

"Mark has been a highly respected and impactful leader over his almost...

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Feb 1 9:28 AM, Urner Barry


CJ Logistics America to Open New Cold Storage Warehouse in Georgia

CJ Logistics America will be opening a brand new, state-of-the-art cold storage warehouse in Gainesville, Georgia. This development project is being led by RL Cold, a leader in the cold storage development industry. The 270,000 square foot building will feature Alta EXPERT Refrigeration Systems and QFM blast freezing, the latest evolution in QuickFreeze technology.

“Our customers have come to expect a seamless experience at every step of the supply chain,” said CJ Logistics America CEO Kevin Coleman. “This new warehouse, coupled with our integrated transportation...

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Feb 1 9:16 AM, Urner Barry


Foodie Card Acquires The Forking Group Agency

Foodie Card, Inc. is excited to announce the acquisition of The Forking Group Agency, a New York-based media agency founded by Genna Apfel in 2020. Foodie Card has been offering marketing services to restaurants since its inception in 2018 and acquired The Forking Group in July 2023. This acquisition reinforces Foodie Card's founding mission to support independent restaurant businesses in the Tri-State Area and beyond.

"We are thrilled to introduce this expansion of our organization as we continue to demonstrate our commitment to innovation on behalf of the independent restaurant community...

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Feb 1 8:05 AM, Urner Barry


ANALYSIS: Assessing Premium Grade Spread; Typical Seasonality or a Shift in Demand?

With nearly a month behind us in 2024, choice and select graded boneless ribs have traveled down differing paths to start the year. Ribs typically begin every January facing downward pressure as holiday demand dwindles and consumers focus on lower-priced beef items like ground beef and roasting cuts. That story held true for Choice ribs with Urner Barry’s Choice Lip-on Boneless Rib Down quote falling roughly 12 percent from the start of 2024 through January 30 from $11.74/lb. to...

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Feb 1 8:00 AM, Urner Barry


Instacart Expands Online SNAP Acceptance to Reach 96% of SNAP Households Nationwide 

Instacart , the leading grocery technology company in North America, today announced a series of retail expansions that will allow customers to use Supplemental Nutrition Assistance Program (SNAP) benefits to shop online for groceries for same-day delivery from Food City, Gordon Food Service, Hy-Vee, Schnucks, and additional Kroger banners including Baker's, City Market, Dillons, Fred Meyer, Gerbes, Harris Teeter, King Soopers, Marianos, Metro Market, Pick n' Save, Smith's and QFC. The new retail expansions help make groceries more accessible to more SNAP families, allowing...

 

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Feb 1 8:00 AM, Urner Barry


USDA Partners with Minnesota to Award Over $9.5 Mln to Strengthen Food Supply Chain Infrastructure

The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) today announced it has a cooperative agreement with Minnesota under the Resilient Food Systems Infrastructure Program (RFSI). Through this agreement, USDA and Minnesota are working together to offer over $9.5 million in competitive grant funding for projects designed to build resilience across the middle of the supply chain. Minnesota is accepting applications for this Infrastructure Grant funding through April 3, 2024.

In May 2023, USDA announced the availability of up to $420...

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Feb 1 8:00 AM, Urner Barry


UK Pork Producers Explore Export Opportunities to CA Amid Prop 12 Enforcement

British meat producers are exploring export opportunities to California after Proposition 12 went into full enforcement on January 1, 2024.

Proposition 12 originated as a ballot initiative in 2018 and was upheld by the Supreme Court in a 5-4 decision on May 11, 2023. The Californian law prohibits the sale of meat and eggs in the state that were raised under certain farming conditions.

Under the law, breeding pigs must have a minimum of 24 square feet of usable floor space per animal. Proposition 12 applies to...

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Feb 1 6:55 AM, UB Newswires


Rise of Ketogenic Dietary Preference Spurs High Protein Launches in Asia, says GlobalData

ImageGrowing awareness of the significance of a ketogenic diet for weight loss and weight management is driving consumers to read labels and ingredient lists when shopping for food and drinks. Brands are therefore focusing on innovations to keep up with changing consumer demands for high protein products, says to GlobalData, a leading data and analytics company.

Parthasaradhi Reddy, Consumer Lead Analyst at GlobalData, comments: “Health is an important motivator for Asian shoppers when buying food and drinks, given the high obesity levels and the need for...

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Jan 31 10:09 AM, Urner Barry


Maersk Appoints Charles van der Steene as New Regional President for North America

Maersk is beefing up its executive leadership team with the appointment of Charles van der Steene as the new Regional President for North America. A long time employee of Maersk, van der Steene is set to step into his new role on February 1, 2024.

“Charles has a proven track record and enjoys great respect among our North American customers and within the Maersk organization as a natural collaborator and leader,” commented Maersk CEO Vincent Clerc. “North America is our number one market...

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Jan 31 10:03 AM, SeafoodNews


FSIS Issues Public Health Alert for Raw Frozen Pork Dumpling Products

The U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) is issuing a public health alert because Dim Sum Factory Inc., a Flushing, N.Y., establishment, produced and distributed raw, frozen pork dumpling products without the benefit of federal inspection. A recall was not requested because the products are no longer available for purchase.

The raw, frozen pork wonton dumpling products were produced on various dates since September 6, 2023, and have a shelf life of 18 months. The following product is subject to the public health alert...

 

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Jan 31 9:24 AM, Urner Barry


Scoular Expands Footprint in Kansas with Purchase of Three Grain Facilities

Scoular, an agribusiness that buys, sells, stores, handles and processes grain and ingredients, recently announced that it has acquired three grain handling facilities in central Kansas.

The facilities were purchased from Skyland Grain and will allow the company to more than double its storage capacity in the region. The acquisition will complement Scoular's shuttle-loading facility in Pratt, which the company has operated for more than a decade. 

Scoular will handle corn, wheat, soybeans, milo, and canola at the three newly acquired grain facilities. The grain...

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Jan 31 7:28 AM, UB Newswires


The Retail Rundown: Touching Down on Super Bowl Spending

The retail sector is touching down on the first major retail food-buying occasion of the year—the Super Bowl. The game between the Kansas City Chiefs and San Francisco 49ers will take place on Sunday, February 11th and grocers have plenty to celebrate ahead of what could be a record-smashing milestone for sales.

A record 200.5 million viewers are expected to tune in to Super Sunday, according to the National Retail Federation (NRF). Collective spending on food, drinks, apparel, decorations, and other purchases could hit $17.3 billion, also...

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Jan 31 7:00 AM, UB Newswires


V&V Walsh Signs MOU With Chinese Supplier to Increase Beef and Lamb Exports

Exports of Western Australian grain-fed beef, lamb, and mutton are expected to increase thanks to a $40 million trading partnership memorandum of understanding (MOU) signed by V&V Walsh with China’s High Hope Group.

V&V Walsh is Western Australia’s leading lamb and beef producer. The MOU signed with the High Hope Fresh Food division links V&V Walsh to end-users in the High Hope Group’s Jinling Hotel chain, which has 118 luxury hotels and resorts throughout China...

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Jan 30 10:21 AM, UB Newswires


US Foods Reaches Agreement With Illinois Union To End Strike

Early this month reports began circulating that US Foods employees in the Teamsters Local Union No. 705 in Chicago were preparing to strike. US Foods has now confirmed that they have reached a “fully recommended tentative agreement” with the union representing the company’s drivers. 

Local 705’s contract at US Foods expired on December 29. A few days later Teamsters Local Union 705 signed a charge against US Foods, stating “refusal to bargain” and “bad faith bargaining.” Local 705 Secretary-Treasurer Juan Campos, while on a worksite...

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Jan 30 10:14 AM, SeafoodNews


Only 35% of Americans Have Had Their "First Time" with American Wagyu - Capriotti's is Fixing That

Capriotti's Sandwich Shop is on a mission to help everyone in America experience their first time with American Wagyu. In a recent survey of 1,500 Americans, only 35% of people have ever eaten American Wagyu. Known as some of the most tender and juicy beef on the market, American Wagyu is now more accessible than ever before with the permanent addition of the American Wagyu French Dip to the Capriotti's menu.

In the survey, 55% of those who have tasted American Wagyu...

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Jan 30 8:02 AM, Urner Barry


Analysis: Elevated Pork Cutout Values Amidst Supply Disruptions in January

The average weekly Urner Barry pork cutout value currently stands at about $88.1/cwt for last week, reflecting a 7.9% increase compared to the same period last year. This marks the second-highest level for this week in January historically since data collection commenced in 2003; with the only higher value recorded being in 2022 largely due to labor challenges stemming from the pandemic.

The recent uptick in cutout value is primarily linked to holiday downtime around production schedules and extensive disruptions from winter weather across the US...

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Jan 30 8:00 AM, Urner Barry


Navigating the Path to Sustainable Pork Production: A Reflection on FAO Reports

Jamie Burr, chief sustainability officer at NPB, reflects on the recent FAO reports and how U.S. pork is committed to producing sustainable products.

In December, the U.N. Food and Agriculture Organization (FAO), which is the leading international agricultural organization, released two important reports touching on animal agriculture – the first report notably concludes that continued efficiency is the most promising way to reduce livestock’s emissions. The second report is a roadmap for ending hunger while achieving the goal of limiting warming to 1.5°C...

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Jan 30 7:58 AM, Urner Barry


WARN Notice Indicates Partial Layoff at Cargill's Nashville Plant

Cargill has filed a Worker Adjustment Retraining Notification (WARN) Act notice with the Tennessee Department of Labor and Workforce Development, notifying the agency of a layoff on March 15, 2024.

The notice, filed on January 24, will affect 111 workers at its “crumbles production” at Cargill’s plant in Nashville, Tennessee. The facility is located on Eugenia Ave and was acquired by Cargill in 2016. 

The employees at the facility are not represented by a collective bargaining agreement, added the notice.

The Northern Middle Local Workforce Development Area rapid response team...

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Jan 30 7:31 AM, UB Newswires


Super Bowl 2024: Total Spending Expected To Reach Record $17.3 Billion For Chiefs vs. 49ers Game

The Kansas City Chiefs and San Francisco 49ers are heading to the Super Bowl this year. The two teams are set to face off against each other in Las Vegas on Sunday, February 11. And while there could be a debate as to whether people are tuning in for the actual game or just Taylor Swift sightings, the National Retail Federation (NRF) says that 200.5 million adults plan to watch. 

According to the latest consumer spending data from NRF and Proper Insights & Analytics...

 

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Jan 30 2:38 AM, SeafoodNews


Welcome to BBQ Lovers’ Bliss! SONIC Introduces Pulled Pork BBQ Cheeseburger and Totchos

Get ready to embark on a flavor-packed journey at SONIC® Drive-In with new menu additions that will redefine your love for barbeque. Celebrating the best of BBQ piled on top of menu favorites, the Pulled Pork BBQ Cheeseburger, Pulled Pork BBQ Totchos, and the Pulled Pork Sandwich are available starting February 5 through March 31 at SONIC locations nationwide, though SONIC App users can get early access to these new craveable creations starting January 29...

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Jan 29 3:31 PM, Urner Barry


Freddy's Frozen Custard & Steakburgers Drives Expansion Through Recent Reinvestment 

Fast-casual restaurant concept Freddy's announced today the signing of several multi-unit development agreements to further expand the brand's nationwide footprint. The growth will be led by seasoned franchisees in Freddy's existing system, bringing more than 30 new restaurants to target markets within New Mexico, Texas, Idaho, Arkansas, Oklahoma, Missouri, and Arizona. This announcement comes on the heels of a historic year of development for Freddy's, as the brand unveiled 62 new restaurants across the nation, including its 500th location...

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Jan 29 3:13 PM, Urner Barry


That's Amoré! Maggiano's Little Italy® Celebrates Valentine's Day Signatures

Maggiano's Little Italy® has announced the return of its specially-crafted Valentine's Day dine-in and carryout menus for couples and some decadent seasonal features for the month of February. As a restaurant focused on bringing people together over the joy of delicious food and drink the Italian-American restaurant is looking forward to delivering extra-special romantic offerings to its guests this holiday!

During the month of love, Maggiano's will have mouth-watering seasonal features to indulge in including a Shrimp Parmesan appetizer, Bone-in Veal Parmesan...

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Jan 29 2:42 PM, Urner Barry


United Natural Foods Expands Supply Chain Evolution with A.I.-Powered Warehouse Automation System

United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today announced plans to implement an A.I.-powered robotic automation system in its soon-to-be-completed distribution center (DC), in Manchester, PA. This advanced system, manufactured by Symbotic, is the second installation for UNFI and part of the Company’s commitment to further enhance the effectiveness and efficiency of its distribution center network. Once installed, UNFI expects the system to enhance the customer experience, improve quality and service to customers, increase capacity within its facilities, and lower...

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Jan 29 9:28 AM, Urner Barry


Papa Johns Announces Executive Transition

Papa John's International, Inc. (NASDAQ: PZZA) today announced Amanda Clark, Chief Operating Officer for International, will depart Papa Johns on March 1, 2024 to assume the role of Chief Executive Officer at another company in the franchise industry.

“We have created a culture at Papa Johns where we cultivate top talent and help them achieve their full potential. We wish Amanda much success in her new role,” said President and CEO Rob Lynch. “We have a strong international leadership team in place and talent within that organization who will continue to deliver on our business...

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Jan 29 9:09 AM, Urner Barry


Matt Gent Named New Iowa Pork Producers President

Washington County pig farmer Matt Gent is the new president of the Iowa Pork Producers Association (IPPA). He took over the role during the organization’s annual meeting in Des Moines on January 23. Gent and his family own a farrow-to-finish swine enterprise called Prairie Pork near Wellman. They also grow corn and soybeans.

“I look forward to representing Iowa pork producers while addressing the challenges and opportunities we face in the upcoming year,” Gent said. “Each year brings new opportunities to share our story, to stren gthen our domestic...

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Jan 29 8:04 AM, Urner Barry


Volpi Foods Takes Artisan Snacking on the Road

Fourth-generation, family-owned Volpi Foods, a leading brand of high-quality charcuterie, is thrilled to announce the launch of its newest product, Snack Cups. Designed with convenience and health in mind, Snack Cups are the perfect grab-and-go snack for individuals with a busy lifestyle. Available in two flavors, Fontina Cheese with Genoa Salame and Cheddar Cheese with Uncured Pepperoni.

Packed with 13 grams of protein per serving, Snack Cups are a keto-friendly option that will keep you energized throughout the day. Made exclusively using Raised Responsibly™ Midwest...

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Jan 29 8:00 AM, Urner Barry


ANALYSIS: Stiff Competition for Lean

In conversations with cow packers across the country, a re-occurring topic of discussion is diminishing margins as they contend with higher prices to compete for animals in short supply. This sentiment is reinforced by the graph below, highlighting the USDA Weekly National Dressed Direct Cow Market (all weights), which soared to a record high of $225.19/cwt in August 2023 and has remained elevated since.

Despite the historic surge in cow pricing, the available supply continues to contract. As of the week of January 15, cow and bull slaughter declined over 16%...

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Jan 26 9:53 AM, Urner Barry


U.S. Pork and Beef Nutrition Showcased at Ironman Event in Colombia

USMEF partnered with Colombian importers to promote U.S. pork and beef nutrition and product availability during an athletic competition in Cartagena. When promoting the health and nutritional benefits of high-quality U.S. pork and beef in Latin America, USMEF sometimes establishes a high-profile U.S. industry presence at targeted events in key markets. One recent event was in Colombia, where an Ironman competition brought health and nutrition-conscious athletes and families together for three days in Cartagena.

With an audience focused on nutrition and athletic performance, USMEF put...

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Jan 26 7:40 AM, Urner Barry


Tyson Officially Opens New Bacon Production Facility in Kentucky

It's official—Tyson Foods, Inc. has formally announced the opening of its new 400,000-square-foot production facility located in Bowling Green, Kentucky.

According to the company, the plant will support a significant expansion of its bacon production capabilities and is expected to produce two million pounds per week of Jimmy Dean® and Wright® Brand bacon for retail and foodservice. 

The new facility will create about 450 jobs in southcentral Kentucky, which Kentucky Governor Andy Beshear celebrated.

“The grand opening of Tyson Foods’ cutting-edge facility marks...

 

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Jan 26 7:35 AM, UB Newswires


Two US-flagged Maersk Ships Turn Around in Red Sea After Explosions

Shipping company Maersk said on Wednesday two U.S.-flagged vessels transiting the Bab el-Mandeb strait northbound had turned around after seeing explosions nearby.

The vessels and crew were unharmed and were being escorted back to the Gulf of Aden by the U.S. Navy, Maersk said.

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Jan 25 10:56 AM, Urner Barry


GS Foods Group Acquires Diamond Foods – Expanding Operations in Louisiana

GS Foods Group, Inc. (“GS Foods”), a world-class foodservice partner owned by affiliates of Highview Capital, LLC (“Highview”) and A&M Capital Partners (“AMCP”), today announced its acquisition of Diamond Foods, a regional K-12 food distributor based in New Orleans, Louisiana.

A leader in food service distribution and product solutions, GS Foods has nearly 50 years of experience meeting the unique needs of its customers nationwide. By integrating Diamond Foods into their operations in Louisiana, GS Foods builds on its recent acquisition of Lamm Foods...

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Jan 25 8:06 AM, Urner Barry


Analysis: A Closer look at UK Beef Production, Consumption and Prices

The volume of beef produced in the UK in 2023 was 817 000 MT, 2.5% down from the previous year. This was on the back of a 1.3% decline in prime slaughter numbers. Cows also dropped by 2.5% and totalled 612 000 heads.

Market participants have cited that adverse wet weather conditions caused flooding and wider disruption during the month of December may have had an impact on throughputs. On the other hand, domestic consumption data from the USDA shows that UK beef consumption in 2023...

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Jan 25 8:02 AM, Urner Barry


SoundHound And Jersey Mike’s Introduce Voice AI Phone Ordering

SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, and Jersey Mike’s Subs today announced that they are working together to give customers the ability to place phone orders for pick-up via a state-of-the-art voice AI ordering system. Optimized for natural human speech, Jersey Mike’s customers won’t have to modify their language or interact awkwardly with the software – they can just speak naturally as they would to another person.

Initially live at 50 locations, SoundHound’s voice technology has been trained on the...

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Jan 25 8:00 AM, Urner Barry


Divert Hires Bob Watkins as Chief Information Office

Divert, Inc., an impact technology company on a mission to Protect the Value of Food™, today announced the expansion of its executive leadership team with the appointment of Bob Watkins as Chief Information Officer (CIO).

Watkins brings over 25 years of global experience to his role at Divert. Throughout his career, he’s worked with startups to Fortune 50 companies and across a range of industries including medical devices, electronics, materials, engineering and manufacturing. His leadership experience heading up teams across multiple functions includes information technology, supply chain, product marketing and engineering...

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Jan 24 10:00 AM, Urner Barry


Hooters® Paves Way for U.S. Development with Second Generation Real Estate Opportunity

Hooters®, the original American wing joint, outlines flexible store model options to provide franchise owners with location-specific customizability. The iconic restaurant brand showcases how store model flexibility will play a key role in adapting to various market-dependent real estate options as leadership hones in on U.S. franchise development.

One of the keys to Hooters' growth strategy is the opportunity that lies in second generation real estate. Its kitchen design and position of 'heart of the house' equipment, are only one of the main ingredients...

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Jan 24 8:00 AM, Urner Barry


California Proposition 12 Audit Trail Guidance

The California Department of Food and Agriculture (CDFA) published a new guidance document regarding the audit trail requirements (guidance) of Proposition 12 (Prop12), which can be accessed here.

The audit trail requirements of Prop 12 have previously been interpreted to require distributors to produce records going all the way back to the certified producer (i.e. sow farm). This interpretation resulted in packer/processors receiving numerous requests from customers for traceability records back to the producer to enable the customer to become a certified Prop 12 distributor. A federally inspected establishment is not...

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Jan 24 8:00 AM, Urner Barry


The Retail Rundown: Packing on the Protein

The retail space is packing on the protein as grocers promote healthy eating campaigns and hearty options like roasts during the wintry woes endured by much of the country in recent weeks.

For the second week in a row, seafood features take the top spot with 30.7% of retail buying opportunities. Pork climbed to second place with 23.7% of ad space, followed by beef with 20.4%. Chicken feature volume stands at 19% this week, up two points from the week prior. Turkey saw a slight decrease to 3.7% while eggs held...

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Jan 24 7:55 AM, UB Newswires


Standard Meat Company Announces Fifth Processing Plant in Forth Worth

Standard Meat Company, a multi-generational protein packaging and portioning company, recently announced the construction of its fifth processing plant located at 1101 NE 23rd Street in Forth Worth, Texas.

The 166,000-square-foot facility will occupy a renovated 1955 meat processing facility in Fort Worth’s northside, just a short distance from the company's headquarters at the Fort Worth Stockyards.

Standard Meat Company purchased the building for development last year and plans to install a state-of-the-art sous vide line. Expansion capacity at the new plant will allow for additional sous vide lines or other production lines as needed...

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Jan 24 6:36 AM, UB Newswires







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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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