May’s Retail Sales Show Consumer Resilience and Confidence in the Economy

Retail sales rose 0.5 percent in May seasonally adjusted from April and up 3.2 percent unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants.

“Today’s retail numbers, and upward revisions to prior months, reinforce the ongoing strength of the consumer and are consistent with a pick up in the pace of the economy in the coming months. The strong job market, recent income gains and elevated confidence translates into ongoing support for spending. Households, in the aggregate, are in solid financial condition but an escalation in trade tariffs will undoubtedly create a considerable downdraft to confidence and spending, or lead to...

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May’s Retail Sales Show Consumer Resilience and Confidence in the Economy

Retail sales rose 0.5 percent in May seasonally adjusted from April and up 3.2 percent unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants.

“Today’s retail numbers, and upward revisions to prior months, reinforce the ongoing strength of the consumer and are consistent with a pick up in the pace of the economy in the coming months. The strong job market, recent income gains and elevated confidence translates into ongoing support for spending. Households, in the aggregate, are in solid financial condition but an escalation in trade tariffs will undoubtedly create a considerable downdraft to confidence and spending, or lead to...

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Jun 14 2:58 PM, General News



More Footage and Now Lawsuits Stemming from FairLife and Fair Oaks Farms Situation

High-protein milk brand Fairlife has received two class action lawsuits alleging deceitful marketing practices following the release of videos by the Animal Recovery Mission portraying animal abuse at Fair Oaks Farms in northwest Indiana, which has supplied some of its milk. In the wake of a video released by the Animal Recovery Mission proposing five individuals committed animal cruelty and abused calves, a second video was released by the Animal Recovery Mission showing alleged abuse of dairy cows.

The complaints accuse Fairlife's co-founders Mike and Sue McCloskey, also owners of Fair Oaks Farms, of engaging in fraud and violating consumer protection laws. The Newton County Sheriff's Office announced charges against three workers in the video that were identified by authorities. Edgar Gardozo-Vasquez has been arrested and is being held at the Newton County Jail. The other two men have not been located or arrested, and the investigation is ongoing. The recent video was shot by a member of the Animal Recovery Mission posing as an employee at Fair Oaks' rotary milking system. The sheriff’s office is currently reviewing the footage...

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Jun 14 12:18 PM, Urner Barry


Jun 14 9:06 AM, Urner Barry Video

Digital Restaurant Orders Grow by Double-Digits;
Keeping Tabs on Feed Costs Analysis;
Sponsored by Urner Barry's Prospector
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While Restaurant Delivery gets All the Buzz, Digital Orders Overall Grow by Double-Digits

The growing access to foodservice delivery has garnered lots of attention from the marketplace and media, but while delivery grabs the spotlight, digital restaurant orders overall steadily grow by double-digits, reports The NPD Group. Restaurant digital orders, which are defined by meals or snacks ordered via mobile app, internet, or text message, have grown by 23 percent over the past four years and now represent 3.1 billion visits and $26.8 billion dollars. NPD forecasts digital orders to continue to grow by double-digits through 2020 with growth across all service modes including delivery, on premises, and carryout, according to NPD’s Delivering Digital Convenience report.

Although convenience is understandably the top reason consumers choose digital ordering, other top reasons include: no waiting; the ability to order, pay, and have it ready; ordering at my “own” pace; and earning rewards/feeling valued. In addition to these reasons...

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Jun 14 7:52 AM, General News


Affluent Food Shoppers More Likely to Purchase Natural and Organic Products

The belief that natural and organic practices produce foods that are tastier, more nutritious, and healthier continues to germinate in the minds of key consumer demographics. The result has created a pervasive and enduring trend that spreads to virtually every corner of the food and beverage industry.

Wealthy Americans are among the most influential and active participants in the natural and organic food market, according to Affluent Food Shoppers, a new report by market research firm Packaged Facts.

Packaged Facts’ consumer survey data found that affluent food shoppers are increasingly moving in the direction of eating more organic and natural foods. They are more likely than non-affluent food shoppers to respond that they are eating more natural foods or organic certified foods compared to...

 

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Jun 14 7:53 AM, General News


Table 87 Frozen, LLC Recalls Pork and Beef Pizza Products

Table 87 Frozen, LLC., a Brooklyn, N.Y. firm, is recalling an undetermined amount of frozen pizza products containing pork and beef that were produced without the benefit of federal inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The scope of this recall now includes ready-to-eat, prosciutto and pepperoni pizza products produced from June 3, 2017 through June 4, 2019. The following products are subject to recall...

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Jun 14 1:39 PM, General News


ALLETE Clean Energy's Diamond Spring Wind Project Will Provide Renewable Energy to Corporations

Allete Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today a power sales agreement with Smithfield Foods, Inc. for the remaining output of the Diamond Spring wind site ALLETE Clean Energy will build, own and operate in Oklahoma.

The Smithfield agreement follows an earlier announcement of power sale agreements with two large Fortune 500 companies, Walmart and Starbucks. Walmart has agreed to purchase 175 megawatts for 15 years, Smithfield will purchase 75 megawatts for 12 years, and Starbucks will purchase 50 megawatts for 15 years. The approximately 300-megawatt Diamond Spring site, which is ALLETE Clean Energy’s first project to sell wind power to corporate customers, is now fully contracted with the Smithfield agreement...

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Jun 14 9:00 AM, General News


Chairman Roberts Hears from Administration on Current, Future Ag Trade Efforts

U.S. Senator Pat Roberts, R-Kan., Chairman of the Senate Committee on Agriculture, Nutrition, and Forestry, today held a hearing titled, “Certainty in Global Markets for the U.S. Agriculture Sector.”

Below are Chairman Roberts’ remarks as prepared for delivery:

"Good morning. I call this meeting of the Senate Committee on Agriculture, Nutrition, & Forestry to order.

Ambassador Doud, Undersecretary McKinney, and Dr. Johansson, we are happy to have you all back again before the Committee to discuss the need for certainty in our global agricultural markets...

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Jun 13 11:48 AM, General News


Consumer Disloyalty is the New Normal

Assume the people you consider to be the most loyal customers on the planet are, in fact, disloyal. Because 92% of the time, you’ll be right. New Nielsen findings demonstrate that just 8% of consumers consider themselves to be firmly committed loyalists.

Yet the marketing tactics and investments rarely reflect these realities. A whopping 46% of consumers tell us they are more likely to try new brands than they were five years ago; a clear signal to a trend we should expect to intensify. Yet we see few signs that adjustments have been made to marketing initiatives or innovation pipelines to match these numbers.

The implications of not dramatically rethinking campaigns that focus on winning or retaining loyal customers are meaningful. The drag effect of consumer demand for choice and...

 

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Jun 13 11:40 AM, General News


Kroger and Ocado Break Ground on America's First High-Tech Customer Fulfillment Center

The Kroger Co. (NYSE: KR), America's largest grocery retailer, and Ocado (LSE: OCDO), one of the world's largest dedicated online grocery retailers, today broke ground on America's first customer fulfillment center (CFC).

"Kroger is incredibly excited to reach this meaningful milestone in our Restock Kroger vision to serve America through food inspiration and uplift," said Rodney McMullen, Kroger's chairman and CEO. "Our partnership with Ocado will introduce transformative ecommerce, fulfillment and logistics technology in the U.S. and bring customers fresher food faster than ever before, accelerating our ability to provide anything, anytime, anywhere...

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Jun 13 10:23 AM, General News


EU Plans for U.S. Specific Quota on High-Quality Beef Imports

The European Union (EU) plans to provide the U.S. with a country-specific quota for high-quality beef imports, according to a report from Australian trade publication Beef Central. The U.S. Trade Representative and the European Commission reached an agreement in March to grant the U.S. a country-specific share of the 45,000 metric tons duty-free quota. The U.S. will receive an initial allocation of 18,500 tons from the 45,000 tons EU grainfed quota, increasing to 35,000 tons over the next seven years, according to the report. The other major suppliers, Uruguay, Australia and Argentina will share the remainder of the quota volume. Consultations with these other suppliers have now occurred and the next step in the process is for the European Commission to formally begin...

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Jun 13 9:49 AM, General News


Tyson Foods Unveils Alternative Protein Products and New Raised & Rooted Brand

As part of efforts to expand its protein offerings, Tyson Foods, Inc. (NSYE: TSN) today introduced the company’s first plant-based and blended products, along with its new Raised & Rooted® brand. The initiative makes Tyson Foods the largest U.S. meat producer to enter the growing alternative protein segment with its own products.

TheRaised & Rooted brand was created to provide great-tasting plant-based and blended foods that are rooted in how people eat today. The initial products under this new brand, which will launch with several major retail customers this year, include plant-based nuggets as well as blended burgers made with a combination of beef and plants. In addition, the company’s existing Aidells® brand has launched Aidells Whole Blends™ sausage and meatballs, made with chicken and plant-based ingredients.

Tyson Foods expects to introduce additional alternative protein products through multiple customers and sales channels. This includes...

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Jun 13 9:27 AM, General News


Jun 13 9:20 AM, Urner Barry Video

NPPC Supports Executive Order on Agriculture;
April Turkey Exports: A Year Over Year Assessment;
Sponsored by COMTELL's New Phone App
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NPPC Supports Executive Order to Keep America First in Agriculture 

Based on recommendations by the administration’s Rural Development Taskforce, President Trump today signed an executive order to streamline regulations for agriculture biotechnology, a development welcomed by the National Pork Producers Council (NPPC).

“Agriculture is one of the crown jewels of the U.S. economy,” said David Herring, NPPC president and a pork producer from Lillington, North Carolina. “Today’s executive order paves the way for common sense regulation to keep America first in agriculture so that we remain the global leader in an economic sector that has offset the U.S. trade imbalance for decades and that is so critical for the prosperity of our rural communities.”

The executive order (EO) provides a framework to support leadership in emerging technologies such as gene editing for livestock, an innovation that promises to eliminate costly diseases that...

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Jun 12 9:19 AM, General News


U.S. Pork Producers Seek Main Course, Not Crumbs

Expanding U.S. export markets is vital to the success of American pork producers, but trade disputes with some of our top markets, most notably China, are hampering growth and have caused severe financial harm to U.S. hog farmers, National Pork Producers Council Vice President and Counsel of Global Government Affairs Nick Giordano said today at a Global Business Dialogue event in Washington, D.C.

“Mostly because of free trade agreements, the United States is the leading global exporter of pork. As a result, U.S. pork is an attractive candidate for trade retaliation. America’s hog farmers – and many other sectors of U.S. agriculture...

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Jun 12 8:23 AM, General News


Jun 12 8:06 AM, Urner Barry Video

Corn Plantings Made Some Headway in the Latest Week;
NOAA's Forecast for This Summer's Gulf of Mexico Dead Zone;
Sponsored by Obsono’s Market Insight Report
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Smithfield Foods Marches Forward with Renewable Energy Projects

Smithfield Foods, Inc. is pleased to announce the construction of new biogas gathering systems in Missouri and Utah, which bring the company steps closer to delivering renewable natural gas (RNG) to communities in multiple states using manure from its hog farms. Detailed in its recently released Sustainability Report, Smithfield’s “manure-to-energy” projects are part of Smithfield Renewables, the company’s platform that unifies and accelerates its renewable energy efforts to help meet its goal to reduce greenhouse gas (GHG) emissions 25% by 2025.

“By finding innovative ways to reduce GHG emissions and use existing resources to power our planet, we are playing a critical role in providing consumers with nutritious food, as well as...

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Jun 11 12:08 PM, General News


NAMI Joins More than 950 Groups to Call for Swift Congressional Ratification of the USMCA

The North American Meat Institute today joined more than 950 organizations representing the U.S. food and agriculture industries to urge Members of Congress to swiftly ratify the U.S.-Mexico-Canada Agreement (USMCA).

In a letter sent to Congress, more than 950 groups representing the U.S. food and agriculture value chain at the national, state and local levels called on Congress to support the ratification of USMCA. The letter reiterates that USMCA will benefit the U.S. agriculture and food industry while providing consumers a more abundant supply of high-quality, safe food at affordable prices...

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Jun 11 11:58 AM, General News


Chili's Partners Exclusively with DoorDash

Chili's® Grill & Bar, a leader in the casual dining industry, is also leading the category in off-premise innovation. To build on that momentum, starting today, Brinker International, Inc., the parent company of Chili's and Maggiano's Little Italy®, has entered into an exclusive agreement with DoorDash, the nation's largest on-demand destination for door-to-door delivery, that brings delivery of Chili's favorites to Guests from more than 1,000 participating restaurants nationwide.

"We chose DoorDash as an exclusive partner because they have a leading market share in areas where Chili's restaurants are located and have a fast growing delivery platform," said Wyman Roberts, chief executive officer of Brinker and president of Chili's. "While we tested delivery with several partners, DoorDash integrated seamlessly into our operations, demonstrated the ability to drive incremental sales and provided...

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Jun 11 9:45 AM, General News


African Swine Fever Affects China's Pork Consumption

China’s pork consumption has dropped by 10% to 15%, year-to-date, by our estimates, driven by food safety concerns. The level of consumption change varies greatly between the different distribution channels. Looking forward, and reflecting on the current situation and trends, it is quite possible we have seen the ‘peak’ of pork consumption.

Pork Consumption in China has Dropped by 10% to 15%

The losses in China’s pig herd are very difficult to estimate – estimated losses range from 20% to 70%. Data from the Chinese Ministry of Agriculture and Rural Affairs (MARA) has the sow herd down by 22% in the year to April – this is one of the most optimistic estimates we have seen. However, hog and pork prices struggled in April and May, after a brief surge in March, raising significant questions...

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Jun 11 9:33 AM, General News


Jun 11 9:12 AM, Urner Barry Video

Foodservice Demands Grow Among Students;
Letter Requesting Aid for Lobster Industry Affected by Trade War with China;
Sponsored by The Meat Buyer's Guide Online
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CHART: Industry Expectations for Weekly Cattle Slaughter

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Jun 10 2:32 PM, Urner Barry


CHART: Industry Expectations for Weekly Hog Slaughter

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Jun 10 2:32 PM, Urner Barry


Technomic: Students’ Foodservice Demands Grow Both On and Off Campus

Delivery, technology and health trends are changing the foodservice landscape and younger generations are leading this charge. Technomic’s 2019 College & University Consumer Trend Report explores this segment in depth, providing actionable recommendations for operators and suppliers to get ahead of the challenges and competition.

“Students have high expectations from their foodservice experiences both on and off campus. Delivery, convenience and menu innovation are all top priorities for college and university students,” explains Anne Mills, senior manager of consumer insights at Technomic. “On top of this, they will choose companies that support causes they care about such as...

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Jun 10 10:16 AM, General News


Jun 10 9:06 AM, Urner Barry Video

April Beef and Pork Exports Below 2018 Levels;
Movers of the Week from the HRI Buyers Guide;
Sponsored by Obsono's Market Insight
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Taylor Farms Illinois Inc Recalls Bacon Quiche Products 

Taylor Farms Illinois, Inc., a Chicago, Ill. establishment, is recalling approximately 51 pounds of cheese and bacon quiche products due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The product contains eggs, a known allergen, which is not declared on the product label.

The Jarlsberg cheese and bacon quiche items were produced on June 5, 2019. The following products are subject to recall...

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Jun 10 8:43 AM, General News


April Beef and Pork Exports Below 2018 Levels; Lamb Still Trending Higher

April exports of U.S. beef and pork were lower than a year ago while U.S. lamb exports continued their upward trend, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

Beef exports totaled 105,241 metric tons (mt) in April, down 5% year-over-year, though export value was down only slightly at $674.2 million. For January through April, exports were 4% below last year’s record pace in volume (412,547 mt) and 1% lower in value ($2.58 billion).

On a per-head basis, beef export value per head of fed slaughter averaged $305.61 (down 7% from April 2018). The January-April average was $308.34 per head, down 3% from a year ago...

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Jun 7 2:15 PM, General News


Retailers Continue to Stock Up Inventory to Get Ahead of More Tariffs

Imports at the nation’s major retail container ports are expected to continue to grow this summer as retailers stock up inventory to get ahead of higher tariffs, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“With a major tariff increase already announced and the possibility that tariffs could be imposed on nearly all goods and inputs from China, retailers are continuing to stock up while they can to protect their customers as much as possible against the price increases that will follow,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Tariffs are taxes paid by American businesses and consumers, not foreign governments. Retailers will continue to do everything they possibly can to mitigate the impact of tariffs on consumers, but if we see further escalation in the trade war, it will be much more difficult to avoid higher price tags on a wide range of products...

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Jun 7 12:30 PM, General News


Walmart is Taking Grocery Delivery One Step Further

Consumers have more options than ever before when it comes to how they receive their groceries. Customers can shop in stores, order online for free pickup, or have groceries delivered to their front doors. Now, Walmart is on track to offer Grocery Pickup from 3,100 stores and same-day Grocery Delivery from 1,600 stores by the end of the year. To make grocery shopping an even easier experience for customers, Walmart is offering the option to order fresh groceries and have them be delivered directly into their refrigerator.

Walmart InHome Delivery is a new service designed to help consumers save time and offer another convenient option for grocery shopping. Customers can place a grocery order and then select InHome Delivery and a delivery date at checkout. Then, consumers can go about their daily routine while a Walmart associate completes their grocery shopping for them, from aisle to fridge...

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Jun 7 9:48 AM, Urner Barry


Table 87 Frozen LLC Recalls Pork Pizza Products

Table 87 Frozen, LLC., a Brooklyn, N.Y. firm, is recalling approximately 649 pounds of frozen pizza products that contain pork that were produced without the benefit of federal inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The frozen prosciutto pizza products were produced from April 1, 2019 through June 4, 2019. The following products are subject to recall...

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Jun 7 8:45 AM, General News


Jun 7 8:29 AM, Urner Barry Video

Looking Ahead to Father’s Day Spending at Retail;
An Ongoing Trend Toward Greater Efficiency with Chicken Bird Weights;
Sponsored by Urner Barry's Prospector
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This Week in Retail: Looking Ahead to Father’s Day Spending

Father’s Day is coming up on Sunday, June 16th, and retailers are prepping for the second big grilling holiday of the summer.

According to the National Retail Federation, Father’s Day spending in 2019 is expected to reach an all-time high of $16 billion. That’s up from last year’s $15.3 billion. This monumental spending figure still, however, pales in comparison to spending for Mother’s Day, coming in at a whopping $25 billion.

Mother’s Day has long been known as a foodservice holiday, but Father’s Day tends to favor grilling at home with some quality steaks, burgers, chops or ribs. The NRF also reports that spending for Father’s Day has grown 70 percent over the last decade, with special outings playing a big part of that growth, accounting for a projected $3.3 billion. With 76 percent of...

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Jun 7 8:14 AM, UB Newswires


Hard Rock International Debuts its Most Extensive Menu Innovation

Hard Rock International is announcing its most extensive menu innovation in the company's history with more than 20 new offerings debuting in locations around the world on Friday, June 14, 2019. The legendary restaurant's new menu puts the spotlight on its lineup of all-new, award-winning Steak Burgers, headlined by the world's first edible 24-Karat Gold Leaf Steak Burger™ that will benefit Action Against Hunger.

Steak Burgers aren't the only items making their debut on Hard Rock's new menu, which also includes Instagram-worthy Boozy Milkshakes, Sliders and Shareables that encourage adventure and exploration, allowing fans to curate their most flavorful playlist. The global launch of the new menu coincides with...

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Jun 6 2:05 PM, General News


American Angus Association Names Mark McCully CEO

The American Angus Association Board of Directors is pleased to announce Mark McCully as the new chief executive officer of the American Angus Association, effective June 10, 2019.

McCully will serve as the chief executive officer for the American Angus Association and for each of the Association’s subsidiaries: Angus Media, Certified Angus Beef LLC, Angus Genetics Inc., and the Angus Foundation.

“This truly is a proud day for the Association and the breed,” said John Pfeiffer, Association president. “Mark has grown up in the cattle business and possesses unique insight into all segments of beef production, his knowledge and leadership have served CAB well, and he will help to continue to drive the demand for...

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Jun 6 12:00 PM, General News


Tim Hortons Announces Agreement to Launch in Thailand

Tim Hortons announced today that it has entered into an exclusive master franchise and development agreement to develop the Tim Hortons brand in Thailand with WeEat Company, part of the Wattanavekin family group of companies.

"We are very excited to grow the Tims brand in Thailand as part of our broader global growth strategy," said Tim Hortons President Alex Macedo. "Thailand has a thriving coffee market and our partner has a deep understanding of the Thai market, which we believe will position us well for success in the country."

Tim Hortons believes that it can replicate in Thailand its recent successes in other international markets by featuring a strong core hot and cold beverage platform, a localized food menu and prominent Canadian branding in the restaurant design to celebrate the brand's Canadian heritage...

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Jun 6 9:11 AM, General News


United Natural Foods Inc Reports Third Quarter Fiscal 2019 Results

United Natural Foods, Inc. (NYSE: UNFI) (the "Company" or "UNFI") today reported financial results for the third quarter of fiscal 2019 ended April 27, 2019.

Third Quarter Fiscal 2019 Highlights

  • Net Sales Increased to $5.96 Billion, Including $3.24 Billion from SUPERVALU
  • Earnings Per Diluted Share (EPS) of $1.12; Adjusted EPS of $0.61
  • Integration of SUPERVALU Progressing; UNFI Now Operating As One Company with A National Leadership Team and Structure

"Our transformational journey continues, and I'm proud of what our team has accomplished this quarter," said Steven L. Spinner, Chairman and Chief Executive Officer. "I am excited about our next chapter and the acceleration of value creation we expect to...

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Jun 6 8:57 AM, General News


Jun 6 8:31 AM, Urner Barry Video

Restaurant Delivery Has Become Available in Most Independent Restaurants;
Tom Weights and Breast Meat Values;
Sponsored by COMTELL's New Phone App
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RestaurantOwner.com: Restaurant Delivery Report 

RestaurantOwner.com's published results of their 2019 Restaurant Delivery Survey focuses on the growing trend of restaurant delivery and summarizes input gathered from nearly 1,000 independent restaurant owners and operators regarding their experiences with self-delivery and third-party service providers, and their insights regarding restaurant delivery.

Survey Results:

Restaurant delivery has become available in most independent restaurants, with 57% of operators offering some form of delivery. Moreover, 16% of the operators without delivery plan to add the service within a year. Of operators who offered delivery, 31% used only third-party services, 12% operated in-house delivery services, and 14% relied on...

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Jun 5 2:53 PM, General News


Pork Quality Assurance Plus Revisions Take Effect Today

Revisions to the Pork Quality Assurance® Plus (PQA Plus®) 4.0 are effective today. The updated program reflects pork producers’ commitment to continuous improvement and features two training options – first-time and recertification.

“Pork producers are committed to the six We CareSM ethical principles because we want to do what’s best for people, pigs and the planet,” said David Newman, incoming National Pork Board president and a pork producer from Jonesboro, Arkansas. “This program has been a collaborative effort between producers, packers and industry representatives for over 30 years.”

New research information has been incorporated into the latest version to increase the program’s effectiveness and to help ensure its validity with customers and consumers. Pork producers remain focused on providing...

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Jun 5 2:00 PM, General News


Good Eggs Releases Results of Family Food Fix Survey 

Good Eggs, the online market that delivers absurdly fresh groceries, today announced the results of its Family Food Fix Survey, which takes a pulse on the perspectives and behaviors of today's consumers when it comes to the necessary task of grocery shopping. Additionally, the findings reveal insights into meal kit usage, the reality of preparing multiple dinners every night, and what families across America want most for dinner.

"From grocery shopping to getting dinner on the table, feeding a family has become a time-consuming struggle for today's busy parents," said Jaime Nessel, Vice President of Assortment of Good Eggs. "Online grocery delivery services can provide significant time savings to families. At Good Eggs, we provide a complete, yet curated assortment of local products, absurdly fresh local produce and meat...

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Jun 5 11:26 AM, General News


Fair Oaks Farms Founder Mike McCloskey Releases Statement Following ARM Undercover Video

The Animal Recovery Mission released a video on June 4 displayed alleged animal abuse and drug use by Fair Oaks Farms employees. 

Mike McCloskey, the founder of Fair Oaks Farms released a statement following the release of the video.

This morning I was made aware of an animal abuse video that the group Animal Recovery Mission (ARM) produced and has released to the public and the press. Most of the footage for this video was captured on one of the dairies that belongs to Fair Oaks Farms...

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Jun 5 11:00 AM, Urner Barry


Cracker Barrel Reports Third Quarter Fiscal 2019 Results

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the third quarter of fiscal 2019 ended May 3, 2019.

Third Quarter Fiscal 2019 Highlights

  • Comparable store restaurant sales growth of 1.3% and traffic of -1.8% outperformed the casual dining industry.
  • Earnings per diluted share were $2.09, a 3.0% increase compared to $2.03 in the prior year third quarter.
  • The Company announced its Board of Directors increased the quarterly dividend to $1.30 per share on...
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Jun 5 9:24 AM, General News


Pork Checkoff Names 2019-2020 Officers

David Newman, a pork producer from Arkansas, was elected president of the National Pork Board at the organization’s June board meeting in Des Moines, Iowa. The National Pork Board’s 15 producer-directors represent America’s pig farmers.

“The U.S. pork industry is facing a time of unprecedented change and I look forward to serving America’s 60,000 pig farmers in the year ahead,” Newman said. “From preparing the global food industry for the threats facing us from foreign animal disease, implementing our Secure Pork Supply plan and driving home our messages of what sustainable pig production looks like in the U.S. and abroad, I cannot wait to lead the Pork Checkoff in delivering value to our producers.”

Newman is in his second term as a board member and owns and operates a farrow-to-finish Berkshire farm in Myrtle, Missouri, that markets pork directly to consumers throughout the U.S. Serving with Newman on Pork Checkoff’s executive officer team are...

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Jun 5 9:16 AM, General News


Jun 5 8:34 AM, Urner Barry Video

Corn Planting Continues as Slowest on Record;
Trade War with China Creating Worsening Conditions for U.S. Exporters;
Sponsored by Obsono’s Market Insight Report
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QDOBA Mexican Eats Names San Diego “Home” with New Brand Headquarters

QDOBA Mexican Eats®, a leading Mexican fast-casual chain, is choosing to stay and invest in San Diego by opening its new headquarters in the AMP&RSAND office complex. Named “QDOBA Flavor Central,” the headquarters will also serve as a hub for the culinary team to create and test menu innovations.

“The QDOBA team is excited to call ‘America’s Finest City’ our official home,” said Keith Guilbault, CEO of QDOBA Mexican Eats. “During the search for our new office, we knew we wanted to stay in San Diego and diligently sought out a space that reflects our collaboration-centric culture. The AMP&RSAND is a perfect fit.”

Formerly occupied by The San Diego Union-Tribune, QDOBA’s new headquarters is located at 350 Camino De La Reina. The office features exposed brick, concrete pillars and...

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Jun 4 11:35 AM, General News


Mintel Announces Five U.S. Flavor and Ingredient Trends 

Mintel, the world’s leading market intelligence agency, announced from IFT19 the flavor and ingredient trends that are influencing the foodservice and packaged food and drink categories in 2019 and beyond. The five new trends link the relationship between consumer behavior and food and drink to dishes on restaurant menus and products on store shelves, and explain the significant momentum that has led to this moment.

Seeking out ingredients that provide sustenance for healthy eating is top of mind for Americans. However, consumers today are also looking beyond the balanced diet. Flavors that tap into relaxation and support a healthy gut are satisfying consumers that are looking for ingredients that will feed the mind, body, and soul...

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Jun 4 10:32 AM, General News


Damian Mason: He's The Real Deal

 

This week we hear from agricultural humorist, book author, speaker, farm owner, podcast host, and consumer trend expert, Damian Mason. We cover packaging, lab grown meat, retail and more!

Did you know? Urner Barry's Market Digest Podcast is now available on Spotify, iTunes, Apple Podcast, iHeartRadio, and SoundCloud! More ways to listen to top industry news and analysis...

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Jun 4 10:31 AM, Urner Barry


NAMI Calls on California Department of Food and Agriculture to Postpone Implementation of Prop 12

The North American Meat Institute (NAMI) today submitted public comments regarding California’s Proposition 12 calling for postponement of the law’s implementation so multiple problems affecting consumers and producers may be addressed.

“The Meat Institute appreciates the opportunity to submit these comments,” said Mark Dopp, Senior Vice President of Regulatory and Scientific Affairs and General Counsel in comments submitted on behalf of NAMI. “NAMI wishes to repeat its request that CDFA [California Department of Food and Agriculture] postpone implementing Prop 12 for at least two years and longer as necessary to ensure conversations and a common understanding among the agency, the industry, and consumers about...

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Jun 4 9:59 AM, General News


Tyson Foods Completes Acquisition of Thai and European Businesses from BRF S.A.

Tyson Foods, Inc. (NYSE: TSN) announced today the successful completion of the acquisition of the Thai and European businesses from BRF S.A. The purchase includes four production facilities in Thailand, and one each in the Netherlands and the United Kingdom. These businesses build on the company’s growth strategy to expand offerings of value-added protein in global markets.

“The addition of this experienced and talented team combined with these businesses strengthens our capabilities and increases our reach to new markets. I’m glad to welcome them to the Tyson Foods family,” said Noel White, president and CEO of Tyson Foods. “We’re now strategically aligned to better serve customers in Europe, the Middle East, and Asia, building on our global strategy.”

It’s estimated that approximately 90 percent of global protein consumption growth will occur outside the United States, with 60 percent of the volume growth coming from...

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Jun 4 9:51 AM, General News


Jun 4 8:27 AM, Urner Barry Video

Global Poultry Market Experiencing Projection;
FFAW Submits Crab Price Reconsideration Request;
Sponsored by The Meat Buyer's Guide Online
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SpartanNash Appoints New President of Food Distribution

SpartanNash (Nasdaq: SPTN) announced today that Mr. Walt Lentz has joined the company as Executive Vice President and President, Food Distribution, effective May 31, 2019. Mr. Lentz has 32 years of logistics and supply chain experience in roles of increasing leadership responsibility, including serving from 2017 to 2019 as Acting Chief Executive Officer and Chief Supply Chain Officer of Peapod LLC, the grocery eCommerce business division of Ahold Delhaize.

As President of Food Distribution, Mr. Lentz will have full responsibility of SpartanNash’s $4 billion food distribution segment and responsibility for the total company supply chain. He will work with the SpartanNash team in developing and executing strategic plans to grow the wholesale distribution and food manufacturing businesses’ profitability. Mr. Lentz will report to SpartanNash’s President and Chief Executive Officer, David M. Staples...

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Jun 3 3:23 PM, General News


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jun 3 3:21 PM, Urner Barry


CHART: Industry Expectations for Weekly Hog Slaughter

The Urner Barry hog slaughter poll for the week ending 6/08/19 resulted in an average industry participant response of 2,417,000 head...

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Jun 3 3:21 PM, Urner Barry


Red Robin Gourmet Burgers Reports Results for the Fiscal First Quarter Ended April 21, 2019

Red Robin Gourmet Burgers, Inc., (NASDAQ:RRGB) last week reported financial results for the quarter ended April 21, 2019.

First Quarter 2019 Financial Highlights Compared to First Quarter 2018

  • GAAP earnings per diluted share were $0.05 compared to $0.34;
  • Adjusted earnings per diluted share were $0.19 compared to $0.69 (see Schedule I);
    Total revenues were $409.9 million, a decrease of 2.8%;
  • Off-premise sales increased 20.6%, now comprising 11.6% of total food and beverage sales, including catering;
  • Comparable restaurant revenue decreased 3.3% (using...
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Jun 3 12:11 PM, General News


Johnsonville, LLC. Recalls Ready-To-Eat Jalapeño Cheddar Smoked Sausage Links 

Johnsonville, LLC., a Sheboygan Falls, Wis. establishment, is recalling approximately 95,393 pounds of its ready-to-eat jalapeño cheddar smoked sausage products that may be contaminated with extraneous material, specifically hard green plastic, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The jalapeño cheddar smoked sausage items were produced and packaged on March 12 and 13, 2019. The following products are subject to recall...

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Jun 3 9:22 AM, General News


Los Hernandez Tamales, LLC Recalls Chicken and Pork Products

Los Hernandez, LLC., a Moxee, Wash. establishment, is recalling approximately 9,090 pounds of chicken and pork tamales that were produced without the benefit of federal inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The tamale products were produced from Dec. 3, 2018 through Feb. 7, 2019. The following products are subject to recall...

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Jun 3 9:14 AM, General News


Jun 3 9:04 AM, Urner Barry Video

Wholesale vs. Retail Action in the Beef Market;
Movers of the Week from the HRI Buyers Guide;
Sponsored by Obsono's Market Insight
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Industry Reacts to Final E15 Rule

Today, the U.S. Environmental Protection Agency issued a final rule to allow consumers uninterrupted access to E15, a fuel blend with 15% ethanol. The announcement follows a public comment period on a proposed rule and in time for the summer season. The rule changes the old limitations on year-round E15, allowing consumers to have access to the clean, lower-cost option at the pump all year. Previously, sales were restricted in a majority of markets from June 1st to September 15th. President Trump fulfilled the commitment he made to rural voters and is a huge win for farmers.

U.S. Secretary of Agriculture Sonny Perdue stated that, "I appreciate President Trump’s steadfast support for our patriotic farmers and for his commitment to expand the sale of E15 and unleash the full potential of American innovation and ingenuity as we continue to demonstrate our rightful place as the world’s leader in agricultural and energy production." Perdue explained that the move to approve the year-round use of E15 in time for the summer driving season provides consumers with...

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May 31 12:01 PM, Urner Barry


Developing Alternatives to Antibiotics Used in Food Animal Production

Antibiotics are a lifesaving technology widely used in human and veterinary medicine. However, the use of antibiotic drugs, by humans or animals, can also create selective evolutionary pressures that can spawn microbes and genes resistant to the drugs. Antimicrobial resistance has become a global human health concern, with widespread public and private initiatives aimed at managing resistance. Livestock agriculture is a major consumer of antibiotics and, thus, a contributor to antibiotic resistance.

As the agricultural use of antibiotics becomes a greater focus of policymakers and consumers, animal pharma—the industry that develops and markets antibiotics for food animal use—is altering its outlook on developing as well as investing in new antibiotic products. Rising awareness of antibiotic resistance has generated a number of effects, including regulations on the use of...

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May 31 11:38 AM, General News


Beef Quarterly Q2 2019: Changing of the Guard in the Beef Trimmings Market

The world’s largest beef importer, China, is at the centre of growth in beef trade in general, and trimmings trade specifically. Many of the cuts imported by China have been to satisfy the local cuisine. But as diets and foodservice change, this now includes a growing trend in trimmings trade.

The growing demand for trimmings from Asian countries will create additional competition for the US but it is not expected to shift the market yet. Suppliers of trimmings into the global market should be conscious of possible changes in the trade. While steady growth is evident in the Chinese market to date, a short-term demand increase across all proteins as a result of African Swine Fever will likely cause a spike in demand for trimmings...

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May 31 11:03 AM, General News


NPPC Appeal: Let's Move Forward with USMCA, Leave Tariffs at Zero

In response to President Trump’s plan to impose five percent tariffs on all Mexican imports as of June 10, 2019, David Herring, president of the National Pork Producers Council and a pork producer from Lillington, North Carolina, issued the following statement:

“We appeal to President Trump to reconsider plans to open a new trade dispute with Mexico. American pork producers cannot afford retaliatory tariffs from its largest export market, tariffs which Mexico will surely implement. Over the last year, trade disputes with Mexico and China have cost hard-working U.S. pork producers and their families approximately $2.5 billion.

“Let’s move forward with ratification of the United States-Mexico-Canada trade agreement, preserving zero-tariff pork trade in North America for the long term; complete a trade agreement with Japan; and resolve...

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May 31 9:35 AM, General News


May 31 8:58 AM, Urner Barry Video

April Restaurant Performance Index;
Shedding Some Light on Chicken Slaughter;
Sponsored by Urner Barry's Prospector
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Restaurant Performance Index Fell Sharply in April

As a result of softer readings in both the current situation and forward-looking indicators, the National Restaurant Association’s Restaurant Performance Index (RPI) fell sharply in April. The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 100.1 in April, down 1.8 percent from a level of 101.9 in March.

April’s RPI decline was the result of broad-based softening in both the current situation and expectations indicators. Although same-store sales readings were slightly positive in April, customer traffic turned negative. In addition, restaurant operators are less optimistic about both sales growth and the overall economy...

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May 31 8:45 AM, General News


This Week in Retail: Wholesale vs. Retail Action

There are two sides to every story, and the retail meat situation is no different. This week in retail, we look at some of the dynamics at play in the wholesale arena for beef and pork and how retail has responded.

There seems to be a contra-seasonal trend happening in the wholesale boxed beef market, for grilling items in particular. The loin complex—where we get strip steaks, T-bones, porterhouse steaks and filets—is currently moving in a contrary direction to its historical norms, residing at multi-year lows.

When we look at the retail items derived from this market, bone-in rib steaks are featured nearly 19 percent below year ago levels, at an average $7.19 per pound. Boneless strip steaks are down a whopping 29 percent from this time last year! Porterhouse steaks are right about on par with year ago levels, while T-bones are down 20 cents per pound. Tenderloin filets are down nearly...

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May 31 8:45 AM, UB Newswires


As Grilling Season Begins, Turkey Patties Take Off

Summer is coming up, and with it comes grilling. While beef and pork have long held dominion over the summer grill, there’s been increased interest in turkey patties for grilling in recent years, as consumers lean towards more lower calorie options. Turkey has long been a go-to for burger substitutes due to its low fat content, good micronutrient profile, and a perceived “health halo”.

n the past, consumers have found turkey patties to lack sufficient flavor. Last year, unseasoned turkey patty sales fell eight percent. To remedy this situation... 

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May 31 8:22 AM, Urner Barry


Senators Raise Concerns that USDA Trade Aid will Continue to Benefit Foreign Corporations

Nine U.S. Senators, led by Debbie Stabenow (D-Mich.), Ranking Member of the U.S. Senate Committee on Agriculture, Nutrition, & Forestry, today raised concerns that the U.S. Department of Agriculture (USDA) will continue to allow foreign companies to profit from the Trump Administration’s plan to assist American farmers affected by their trade policies.

Last week, the Administration announced it would provide up to $1.4 billion to purchase commodities targeted by retaliatory tariffs. In the previous round of aid, lucrative purchasing contracts were awarded to several foreign entities, including nearly $62.5 million in pork products from JBS USA, which is owned by Brazilian parent company JBS SA.

“…It is counterproductive and contradictory for these companies to receive assistance paid for with U.S. taxpayer dollars intended to help American farmers struggling with this Administration’s trade policy,” the Senators wrote...

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May 30 9:56 AM, General News


May 30 8:58 AM, Urner Barry Video

NPD Group: Consumers Prefer Balanced Snacks;
Monthly Slaughter Report Helps to Clarify Turkey Cold Storage Plateau;
Sponsored by COMTELL's New Phone App
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Indulgent Snack Food is Making a Comeback by Walking the Line Between Health and Enjoyment

U.S. consumers are giving themselves permission to enjoy indulgent snacks, reports The NPD Group. Their permission to enjoy savory and sweet snacks is the result of the wellness-driven acknowledgement that balance is the key. Brands are supporting their consumers’ quest for balance by offering snacks that walk the line between health and indulgence, like portion-control packs, thinner versions, or nutrient-enhanced savory and sweet snacks, finds NPD’s recently released Future of Snacking report.

“The role of snack food is changing in different ways in reaction to Americans’ desire for balance, portable snack foods, and holistic wellness,” says David Portalatin, NPD food industry advisor and author of Eating Patterns in America. “It’s no longer about depriving yourself of...

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May 30 8:22 AM, General News


Antibiotic Alternative Scores Well in Second Round of Swine Trials

Travelling can be stressful experience—whether it be to a vacation spot or business destination. The stress of travel also extends to piglets, such as when they’re weaned from their mothers and transported to nursery barns.

Now, instead of using dietary antibiotics to help the piglets cope and avoid illness, scientists with the Agricultural Research Service (ARS) are investigating a naturally occurring amino acid known as L-glutamine.

Initial laboratory studies in 2017 showed glutamine-fed piglets gained just as much weight as antibiotic-treated ones, among other health benefits. But the researchers, led by ARS animal scientist Jay Johnson, wanted to try and...

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May 29 2:07 PM, General News


JBS USA Announces Nearly $100M Investment at Grand Island Beef Production Facility

JBS USA, a leading U.S.-based, global food company, today announced a $95 million expansion project at its Grand Island, Neb., beef production facility. The project includes new, improved animal handling facilities, a state-of-the-art, temperature-controlled harvest floor and facility reconfiguration designed to improve team member experience, food safety and product quality.

The 107,000 square-foot expansion and facility enhancements will better position the company to sustainably meet evolving customer and consumer expectations for high-quality, great-tasting U.S. beef products. This expansion project has already begun and is anticipated to be completed in early 2021. Operations at Grand Island will...

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May 29 11:39 AM, General News


United States-Colombia Trade Promotion Agreement Pays Dividends to American Farmers and Exporters

The United States-Colombia Trade Promotion Agreement (CTPA) entered into force on May 15, 2012, laying the foundation for a surge in U.S. agricultural exports. Since 2012, U.S. agricultural exports to Colombia nearly tripled from $1.1 billion to $2.9 billion in 2018. Despite its geographic proximity to major U.S. competitors Brazil and Argentina, Colombia, the third-largest economy in South America, purchases half of its agricultural imports from the United States. Preferential access from CTPA and a strong Colombian economy have allowed the United States to increase its market share from 19 percent prior to CTPA, to 50 percent in 2018. Changing demographics, a growing middle-class, and consumer trends toward more modern retail outlets is expected to keep demand strong into the future for high-quality U.S. agricultural exports.

Colombian Macro-economic Trends and Changing Demographics

In addition to CPTA, political stability and a dynamic economy have contributed to Colombia becoming the United States’ 12th-largest destination for agricultural exports, up from...

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May 29 10:13 AM, General News


May 29 9:12 AM, Urner Barry Video

Latest Cattle on Feed Record High for the Period;
Production of Matlaw's Brand Clams to Restart;
Sponsored by Obsono’s Market Insight Report
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CHART: Industry Expectations for Weekly Hog Slaughter

The Urner Barry hog slaughter poll for the week ending 6/01/19 resulted in an average industry participant response of 2,109,000 head...

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May 28 3:23 PM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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May 28 3:17 PM, Urner Barry


Algenex and Global DX Agree to Develop Diagnostic Products for the Detection of African Swine Fever

Algenex SL, a private biotechnology company delivering disruptive technologies for recombinant biologics production, and Global DX Ltd, a company dedicated to improving the quality of animal care by facilitating accurate diagnosis for veterinarians worldwide, today announce that they have entered into an agreement to jointly develop and commercialize diagnostic products for the detection of African Swine Fever. The first product to be developed will be a point-of-care rapid diagnostic test to identify pigs who have been exposed to the African Swine Fever Virus (ASFV). The agreement is the first collaboration between the two companies and provides the framework for further co-developments across a potentially wide range of diagnostic areas.

Under the terms of the agreement, Algenex will deliver the diagnostic reagents and Global DX will provide the technical expertise to develop and manufacture the point-of-care rapid diagnostic tests. Both companies will collaborate in the distribution of...

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May 28 2:06 PM, General News


Wall Street Analysts See Beyond Meat Shares Pulling Back After Tripling Since IPO

Wall Street analysts following initial public offerings are normally bullish, but the first major reports on Beyond Meat are tepid, saying the stock has just run too far too fast in the weeks following its much anticipated debut.

The major analysts started coverage on the plant-based meat substitute on Tuesday, honoring a typical grace period seen by the underwriting firms and other major analysts. The alternative meat play has more than tripled from its $25 IPO price earlier this month.

“We think the stock’s valuation already factors in a best-case scenario for the company’s growth rate over the next six years without taking into account typical near-term execution risk for early-stage start-up companies,” Credit Suisse analyst Robert Moskow said. The firm started coverage of the stock at neutral...

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May 28 10:53 AM, General News


Beyond Meat Partners with Zandbergen to Launch Production in Europe

Beyond Meat announced a partnership with Zandbergen World's Finest Meats to produce its plant-based meats at a facility in Europe. The companies expect the facility to be up and running by 2020.

This will mark the first time Beyond Meat will hold production outside of the United States. The new space will allow Beyond Meat to quickly distribute their products to Europe while shrinking their transportation footprint. 

“The consumer response in Europe has been very positive and we look forward to being able to better serve those customers..."

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May 28 10:12 AM, General News


ANALYSIS: ASF Update; Changing Global Protein Flows

At the time of this report, African Swine Fever continues to spread generally unchecked through China and has more recently expanded to the neighboring nations of Hong Kong, Vietnam and Cambodia, in addition to the revelation that North Korea has been dealing with it since at least February. The lastest official numbers from China admit a 20.8% drop in the April hog herd vs last year and sow losses of 22.3% year over year. As China is notoriously selective with the amount and accuracy of data that they provide the world, this situation could be...

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May 28 10:05 AM, Urner Barry


Sikorski Sausages Co Ltd Recalls Meat and Poultry Sausage Products 

Sikorski Sausages Co., Ltd., a London, Ontario, Canada establishment, is recalling approximately 74 pounds of various imported meat and poultry sausage products that were not presented for import re-inspection into the United Sates, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The various ready-to-eat meat and poultry sausage items were imported on May 14, 2019. This spreadsheet contains a list of the products subject to the recall.

The products subject to recall bear Canadian establishment number...

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May 28 9:07 AM, General News


May 28 9:02 AM, Urner Barry Video

Salmonella Outbreak Linked to Frozen Ground Tuna Appears to Be Over;
Movers of the Week from the HRI Buyers Guide;
Sponsored by Obsono's Market Insight
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Perdue Premium Meat Company to Acquire Panorama Meats

The nation’s largest producer of grass-fed, organic beef to grow with support of new resources

Panorama Meats®, the nation’s largest producer of 100 percent grass-fed and grass-finished certified organic beef, today announced they were joining Perdue Premium Meat Company, Inc., an industry leader in sustainable agriculture and humane animal care. Panorama will be the most recent brand to join the Perdue Farms family of sustainable premium meat companies that include Niman Ranch®, Coleman Natural®, Prairie Grove® and Sioux-Preme® Packing Co. Panorama’s nearly 50 independent family ranchers raise U.S. born cattle and span seven states and one million acres of USDA Certified Organic grasslands in Northern California, Southern Oregon, Montana, South Dakota, Nebraska, Wisconsin, and Colorado.

“Perdue Premium Meat Company brings long-term stability and shared resources that will...

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May 24 9:25 AM, Urner Barry


May 24 9:11 AM, Urner Barry Video

 

The Official Start to Grilling Season;
Chicken Cold Storage Holdings Show Signs of Seasonality;
Sponsored by Urner Barry's Prospector
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China Says Making Progress on African Swine Fever Vaccine

China will start work on clinical trials of an African swine fever vaccine, state media said on Friday, as the disease continues to spread through the world’s biggest hog herd.

State-owned Harbin Veterinary Research Institute has found two vaccine candidates, proven in laboratory tests to offer immunity to the disease, China National Radio said in a post on China’s microblogging site Weibo.

“In the next step, the Chinese Academy of Agricultural Sciences will accelerate the progress of pilot and clinical trials, as well as vaccine production,” said the report...

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May 24 9:02 AM, General News


This Week in Retail: The Memorial Day Rundown

It’s finally here, the unofficial start to summer and the very official start to the grilling season. In the week leading up to Memorial Day weekend, the beef category claims the top spot for protein feature volume at 27 percent, followed by seafood at just under 26 percent.

Chicken managed to knock out pork for the number three spot with 22.5 percent of ad space, leaving pork with 18 percent. Cheaper grilling items like thighs and drumsticks helped boost chicken featuring volume this week. Meanwhile, the beef segment presents the ultimate showdown between ground beef and steak. In the pork complex, we see an increase in pork chop featuring, up nearly 8 percent week over week.

Taking a closer look at the beef complex, Urner Barry’s weekly retail beef index is right on par with the 3-year average at $5.85 per pound. This is down from the previous week’s index of $6.47 per pound. Ground beef features are modestly lower year over year at an average...

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May 24 8:35 AM, UB Newswires


USDA Announces Support for Farmers Impacted by Unjustified Retaliation and Trade Disruption

U.S. Secretary of Agriculture Sonny Perdue today announced that the U.S. Department of Agriculture (USDA) will take several actions to assist farmers in response to trade damage from unjustified retaliation and trade disruption. President Trump directed Secretary Perdue to craft a relief strategy to support American agricultural producers while the Administration continues to work on free, fair, and reciprocal trade deals to open more markets in the long run to help American farmers compete globally. Specifically, the President has authorized USDA to provide up to $16 billion in programs, which is in line with the estimated impacts of unjustified retaliatory tariffs on U.S. agricultural goods and other trade disruptions. These programs will assist agricultural producers while President Trump works to address long-standing...

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May 24 8:35 AM, Urner Barry


USDA Releases Baseline Data on Antimicrobial Use by Beef and Swine Operations

The United States Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service is releasing the results of two national studies that examine antimicrobial use and stewardship on beef feedlots and on large swine operations during 2016.

The data USDA collected and studied will help animal health officials – as well as the human health community and consumers – better understand how antimicrobial drugs are used on livestock farms. The studies include details on what antimicrobials were used, why they were used and how they were administered...

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May 23 3:59 PM, General News


Taco Bell Embarks On Next Chapter of Global Growth

Taco Bell, the world's largest Mexican-inspired restaurant chain, is continuing its major global expansion with the signing of its largest master franchise agreement in India, as well as unveiling new international markets for the brand.

The Master Franchise Agreement, signed with franchise partner Burman Hospitality Private Limited (BHPL) of India, commits to developing 600 restaurants on the sub-continent in the next 10 years. Upon completion of the 600 restaurants, the brand expects to contribute over 20,000 jobs to India's economy...

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May 23 3:51 PM, General News


Restaurants Face Challenges Tapping into the Summer Labor Pool

According to the National Restaurant Association, summer employment is defined as the average number of eating and drinking place jobs in June, July, and August. Generally, the United States restaurant industry begins to ramp up its seasonal hiring in April, and peaks in June, July, and August. Restaurants are expected to add 515,000 jobs this summer season. Summer is typically the busiest season for restaurants in many parts of the United States, and the increased consumer traffic leads to additional employment opportunities at all levels of a foodservice operation. Roughly one in six food and drinking establishments operate on a seasonal basis, many being during the summer. The seasonal businesses that do all of their hiring for the summer months are responsible for the bulk of additional jobs.

Although the restaurant industry will add more than half a million jobs for the seventh consecutive summer, hiring will be somewhat cut back in 2019, with the projected increase of...

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May 23 12:30 PM, Urner Barry


BJ’s Wholesale Club Holdings Inc Announces First Quarter Fiscal 2019 Results

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) (the "Company") today announced its financial results for the thirteen weeks ended May 4, 2019.

“We are pleased with our solid start to the year,” said Christopher J. Baldwin, Chairman and Chief Executive Officer, BJ’s Wholesale Club. "We delivered merchandise comparable sales of 1.9%, improved margins and continued to grow earnings by executing against our strategic priorities. Looking forward, we continue to see momentum across our business and are encouraged by the opportunities ahead of us, as we continue to transform BJ's Wholesale Club."

“In addition, Robert Steele has been appointed to serve as BJ’s Lead Independent Director,” said Baldwin. “His extensive experience and knowledge of our industry and business will be invaluable to our company.”

Additional Highlights...

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May 23 11:17 AM, General News


JBS USA Highlights 2018 Sustainability Accomplishments and Progress Toward 2020 Goals

JBS USA, a U.S.-based global food company, today announced the release of its 2018 Sustainability Report and progress toward 2020 sustainability targets. The report is the company’s first interactive, digital report and represents the most comprehensive and transparent view to date of the global company’s sustainability progress in its operations in Australia, Canada, England, France, Mexico, the Netherlands, Northern Ireland, New Zealand and the United States.

“At our core, we are a food company with a passion to be a part of the family meal, providing sustainable food solutions to our customers and consumers that they can proudly share and serve,” said Andre Nogueira, President and CEO of JBS USA. “The JBS USA 2018 Sustainability Report details our economic, social and environmental progress and the important role...

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May 23 9:53 AM, General News


Aurora Packing Company Inc Recalls Beef Products

Aurora Packing Company, Inc., a North Aurora, Ill. establishment, is recalling approximately 62,112 pounds of raw 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 beef products were packaged on April 19, 2019. This spreadsheet contains a list of the products subject to recall.

The products subject to recall bear establishment number “EST. 788” inside the USDA mark of inspection. These items were shipped nationwide for further distribution and processing...

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May 23 9:34 AM, General News


Canada, US Agree on Safe Trade Zones in Event of African Swine Fever Outbreak

Today, Canada's Chief Veterinary Officer (CVO), Dr. Jaspinder Komal, working in collaboration with the United States' CVO, Dr. Jack Shere, issued the following statement:

We are pleased to announce that the Canadian Food Inspection Agency (CFIA) and the United States Department of Agriculture (USDA) have agreed to allow safe trade to continue in the event African swine fever (ASF) is reported in either country.

For business continuity, Canada and the United States have worked to modify their export certificates to allow trade of live swine, swine semen, pet food and animal by-products and meat to continue trade in approved disease-free zones in the event of an ASF outbreak. This builds on Canada and...

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May 23 9:28 AM, General News


May 23 9:01 AM, Urner Barry Video

Technomic: Canadian’s Brand Loyalty Challenges Emerging Cafes;
Turkey Thigh Meat: Where To Go From Here?;
Sponsored by COMTELL's New Phone App
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Hormel Foods Reports Second Quarter Results

Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the second quarter of fiscal 2019. All comparisons are to the second quarter of fiscal 2018 unless otherwise noted.

Executive Summary 

  • Volume of 1.2 billion lbs., up 1%
  • Record net sales of $2.3 billion, up 1%
  • Pretax earnings of $318 million, up 7%
  • Diluted earnings per share of $0.52
  • Excluding one-time gain on the divestiture of CytoSport, adjusted diluted EPS1 of $0.46 per share
  • Effective tax rate of 11.1% compared to 20.0% last year
  • Operating margin of 13.3% compared to 12.9% last year
  • Year-to-date cash flow from operations of $366 million, down 18% due to...
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May 23 8:18 AM, General News


Technomic: Canadians’ Routines and Habits Present Challenges for Emerging Bakery and Coffee Cafes

In the 2019 Canadian Bakery & Coffee Cafe Consumer Trend Report, Technomic found that many coffee cafe customers stick to the same restaurant brand and, oftentimes, the same cafe location, due to their coffee preferences and demands for convenience. On the other hand, bakery-cafe customers are open to mixing up the brands they visit, challenging these operators to build up loyal customer bases.

“For emerging coffee cafes, the challenge is in getting consumers to break from their routines and try something new,” explains Charles Winship, manager of consumer insights at Technomic. “While specials and limited-time offers can help draw in new visitors, whether these guests habitually return will ultimately come down to value, convenience and, in many cases, coffee.”

Key takeaways from the report include...

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May 23 8:14 AM, General News


Guests can Now Order P.F. Chang's with Uber Eats Across the U.S.

Enjoying P.F. Chang's menu of made-from-scratch favorites just got even easier. Now, guests across the U.S. can order P.F. Chang's using their Uber Eats app.

"Uber Eats is one of the fastest growing off-premise delivery companies in the U.S.," said Tana Davila, P.F. Chang's senior vice president. "We are excited to partner with them and make our food even more accessible to current and new customers."

Uber Eats is fully integrated throughout P.F. Chang's restaurant point-of-sale system, ensuring seamless order placement and timely delivery of orders from the entire made-from-scratch menu in restaurants across the country. P.F. Chang's will continue to offer...

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May 22 3:00 PM, General News


Restaurant Food Costs: What does ASF Mean for Protein Prices in the US?

Rabobank expects food costs in the US to increase in the second half of the year, as protein prices are impacted by stronger export demand following the African Swine Fever (ASF) outbreak. Pork and chicken prices will be the most impacted. Beef will be the last to see increases materialize, but QSR patty prices are expected to be the most vulnerable component. If a trade agreement with China were to be brokered, price increases would be faster and steeper.

Restaurants Should Expect Rising Protein Prices

For the past two years, restaurants have been favored by a relatively benign food cost environment, which helped compensate for rising costs in other areas (labor, real estate). We expect this situation to change (for proteins) towards the second half of the year and...

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May 22 9:12 AM, General News


May 22 8:53 AM, Urner Barry Video

Analysts' Predictions for This Friday's Cattle on Feed Report;
Newfoundland Crab Processors Asked Panel to Lower Price;
Sponsored by Obsono’s Market Insight Report
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BEF Foods Inc Recalls Beef Products

BEF Foods, Inc., a Lima, Ohio establishment, is recalling approximately 527 pounds of beef pasta products that were produced without the benefit of federal inspection and outside of inspection hours, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The ready-to-eat beef stroganoff pasta items were produced on May 3, 2019. The following products are subject to recall...

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May 22 8:46 AM, General News


Kansas Cattlewoman to Senate Climate Change Hearing: "Beef Cattle Industry has Great Story to Tell" 

Testifying on behalf of the National Cattlemen's Beef Association, Kansas cattle producer Debbie Lyons-Blythe delivered a clear message at a U.S. Senate Agriculture Committee hearing on climate change this morning.

“The U.S. cattle industry is proud of its history as stewards of our nation’s natural resources,” Lyons-Blythe testified at the Committee’s hearing on Climate Change and the Agricultural Sector. “The industry takes very seriously its obligation to protect the environment while providing the nation with a safe and affordable beef supply. Cattle producers are America’s original conservationists, and we work hard every day to ensure that we can...

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May 22 8:16 AM, General News




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