In Texas Cattle Country, Ranchers Brace for Flesh-Eating Screwworms
He was only eight years old in 1973, but fifth-generation Texas rancher Kip Dove remembers spending countless days trotting up to sick and dying cattle on horseback that year during the last major outbreak of flesh-eating screwworm. He carried a bottle of foul-smelling, tar-like medicine in his saddlebag and a holstered revolver to shoot any animals too far gone to treat.
Surrounded by baying cattle dogs and cowboys, the infested cattle kicked and bit at their open wounds, staring wild-eyed...
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Trump Says Immigration Plan Will Balance Farm Labor Needs and Border Security
US President Donald Trump said he is crafting an immigration plan aimed at bridging the gap between American farmers who rely on immigrant labor and advocates for stricter border policies—a balancing act that has taken center stage amid recent enforcement actions disrupting agricultural operations nationwide.
"The farmers want to have people who can work very hard in the field, and the other people don't want to have anybody from outside of our country. And I am working on a plan that I think is going to make...
ANALYSIS: Tight Supply Drives Lamb Values
The Australian lamb market is in an unsettled phase, with the Meat & Livestock Australia (MLA) Heavy Lamb Indicator, a benchmark price for heavy lambs based on national saleyard transactions, reaching a record 1,246 ¢/kg cwt, up 12% over the past month.
Although domestic and export demand is active, the main driver is processor pressure. Barely adequate-to-tight supplies have processors competing to secure lambs, raising prices even into unprofitable territory. Some Australian participants have noted that some plants are running shorter production weeks, and some...
ANALYSIS: US 2025 Cash Cattle Surge, Margins Collapse, and Slaughter Hits Record Lows
August has been a month of records: record-high cash cattle prices, record-low margins, and record-low weekly cattle slaughter. According to the USDA Five Area Direct Cattle Data, Live Steer Price, cash cattle are currently $241.00/cwt, about 25% higher than at this time in 2024. Several factors are driving these historic prices. US cattle inventories are tight, the lowest since 1951 according to the USDA, and outside pressures, such as tariffs on imported beef and a...
Red Robin Reports Results for the Second Quarter
Red Robin Gourmet Burgers, Inc., a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal second quarter ended July 13, 2025.
Highlights for the Fiscal Second Quarter of 2025, Compared to the Fiscal Second Quarter of 2024:
Navigating the Trump Tariff Turbulence: A Comprehensive Timeline
US President Donald Trump and his administration have paused reciprocal tariffs on most countries.
“Based on the lack of respect that China has shown... I am hereby raising the [tariff] charged to China by the [USA] to 125%, effective immediately,” wrote Trump on Truth Social at 1:18 pm ET.
It’s not clear if this 125% is in addition to the 20% imposed on Chinese imports to the US. In early March, Trump noted that he would add another 10% tariff on Chinese goods...
ANALYSIS: Mexican Beef Market Weakens as Brazilian Imports Surge
Brazilian beef imports into Mexico have surged significantly in 2025, particularly during June and July, marking a pivotal shift in the market landscape. Year-to-date, Mexico’s purchases from Brazil have increased by more than 300% compared to the same months in 2024, rising from 3,666 metric tons(mt) in June 2024 to 16,170 mt in June 2025, and from 4,907 mt in July 2024 to 15,580 mt in July 2025.
Mexico’s policy of not imposing import tariffs on Brazilian beef has fueled this growth...
ANALYSIS: China’s Meat Imports Edge Up 0.6% MOM to 533,241 mt in July 2025
China imported 533,241 metric tons (mt) of meat, including variety meats in July 2025, rising just 0.9% (3,241 mt) from a month earlier, according to preliminary data from the General Administration of Customs (GACC).
Despite the low base earlier in the year, the modest July increase also failed to match the usual sharp seasonal gains that follow a softer spring and summer, when importers typically build stocks ahead of winter dishes such as hotpots, soups and stews and other traditional...
JBS Invests $100 Million in New RTE Bacon and Sausage Facility
JBS USA has announced plans to expand its operations in Ankeny, Iowa, by opening the largest ready-to-eat bacon and sausage facility in its portfolio.
The company has agreed to purchase a 186,000-square-foot production facility formerly owned by Hy-Vee. JBS intends to convert the space into a fully cooked bacon and sausage production plant and is looking to hire former Hy-Vee staff for the new operation.
"Today’s announcement aligns with our long-term strategy of...
Amazon Launches Same-Day Perishable Grocery Delivery in Over 1,000 Cities
Amazon is set to make one of its largest-ever grocery expansions, bringing same-day delivery of fresh and perishable food items to customers in more than 1,000 cities and towns, starting August 13.
Shoppers can now order produce, dairy, meat, seafood and other essentials for rapid delivery, with plans to reach over 2,300 communities by the end of 2025.
“Customers are looking to make their budgets stretch further, and that’s why Amazon is focused on offering a wide selection of national and local brands, including organic and natural options...
Performance Food Group Reports Strong Sales and Profit Growth Despite Decline in Net Income
One of the largest distributors in foodservice, Performance Food Group, has announced results from its fourth quarter and fiscal year.
Quarterly Highlights
The company saw case volume increase by 11.9%. Independent Foodservice case volume rose 20.4%, while Organic Independent Foodservice case volume increased 5.9%.
Net sales were $16.9 billion, rising 11.5% for the period. Gross profit for the quarter grew 14.6% to $2 billion. This growth in sales and profit can be attributed to recent acquisitions, including that...
China Confirms African Swine Fever Outbreak in Sichuan
China has reported 210 confirmed and 795 susceptible cases of African Swine Fever (ASF) in Napo County, in the Sichuan Province, a World Organisation for Animal Health (WOAH) report showed.
The Guangxi Department of Agriculture and Rural Affairs reported the outbreak on July 25. "Following the outbreak, local authorities immediately implemented emergency response measures in accordance with the contingency plan, including lockdowns of infected and threatened areas, culling of pigs, harmless disposal, and disinfection,” the Department said.
As of time of reporting, inspections found no new cases...
The Retail Rundown: Beef Tops Retail Ads as Grocers Prepare for Labor Day
With Labor Day just under three weeks away, grocers are preparing for summer’s last big grilling rush. Most holiday orders have already been locked in, and meat and prepared food departments are expected to see strong traffic as shoppers savor the last days of summer.
Beef has overtaken seafood as the most advertised protein this week, representing 27.0% of retail buying opportunities. Pork is close behind at 26.6%, while seafood has eased to 23.3%. Chicken remains steady at 18%, and turkey ads inched up to 3%...
Diversified Foodservice Supply Appoints Lev Peker as Chief Executive Officer
Diversified Foodservice Supply (DFS), a leading provider of equipment, supplies, and parts to the foodservice industry, is pleased to announce the appointment of Lev Peker as Chief Executive Officer.
Peker brings a strong track record of leadership and growth from the automotive aftermarket industry, where he excelled as CEO of PartsID and CarParts.com. There, he successfully scaled operations, enhanced customer experience, and delivered strong financial results. His deep expertise in e-commerce, operational efficiency, and system modernization aligns closely with DFS's strategic priorities...
NCBA Notches Legal Victory Protecting Cattle Producers from Overreaching Emissions Regulations
Last week, the National Cattlemen’s Beef Association (NCBA) notched a legal victory in the U.S. District Court for the District of Columbia affirming protections for cattle farmers and ranchers from onerous and unnecessary air emissions reporting requirements. NCBA, along with a coalition of other livestock and farm groups, has engaged in this litigation for years to ensure that family farmers and ranchers were not forced to file complex, overreaching reports with the federal government about emissions under the Emergency Planning and Community Right-to-Know Act (EPCRA) and Comprehensive...
Smithfield Foods Reports Strong Q2 Growth and Increased Profitability
Smithfield Foods, an industry leader in packaged meats and fresh pork, has reported another successful quarter, highlighting its continued growth and operational efficiency.
Following a strong first quarter, Smithfield announced in June a strategic initiative to streamline operations and reduce costs. This included relocating over 100 corporate jobs to Hampton Roads and the planned closure of two regional offices in Illinois and Missouri.
"Our strong second quarter results demonstrate the agility and resilience of our business as we navigate a dynamic macroeconomic environment. Through our iconic and diversified brand portfolio...
ANALYSIS: Australian Beef on Verge of Korea’s Safeguard Trigger, as 1H 2025 Imports Up 4.2% YOY
Korea’s beef safeguard on Australian imports is set to kick in weeks earlier than last year, as firmer buying in the first half of 2025 leaves little quota space before higher tariffs take effect.
Beef is Australia's biggest agricultural export to Korea. As of Aug. 11, Australia had filled 87.3% of its annual Special Agricultural Safeguards (SSG) limit, leaving 24,408 mt before hitting the ceiling, according to Korea Customs Service.
Most market players anticipated the safeguard would be triggered...
ANALYSIS: FSIS July 2025 Boneless Beef Shipments to the US Slow Amid Tariff Uncertainty
During the month of July, 69,285 metric tons (mt) of boneless beef were passed for entry into the US, which is a decline of 12,000 metric tons from June (-14.7%). Overseas purchasing slowed at the beginning of summer as importers worked to understand a changing tariff landscape. In many instances, participants were strategic about dates to be compliant to achieve the lowest tariff possible.
Three major origins, Brazil, New Zealand, and Uruguay all encountered volume declines. Brazil...
Armanino Foods Posts Record Sales and Profits in Q2
Armanino Foods announced record-breaking results for the second quarter of its fiscal year.
The company manufactures and markets frozen Italian specialty food items including pesto, sauces, and filled pastas for foodservice and retail markets.
In quarter two, the company accomplished record net sales of $19.9 million, an increase of more than 14% compared to the same period in 2024.
"We are proud to report another quarter of record-breaking sales and profits — a milestone that reflects both the strength of our operating model and our disciplined execution...
ANALYSIS: Brazil Sets New Record with July 2025 Beef Exports
According to the latest data released by Brazil’s Ministry of Development, Industry, Trade, and Services, Brazil has shipped 276,879 mt of fresh beef (frozen and refrigerated) in July 2025, marking a monthly growth of 15.3% and a 13.3% YOY increase.
China maintained its position as the top destination, absorbing 158,374 mt last month, marking a solid growth of 17.8% MOM and 29.7% YOY. The Asian country has maintained strong momentum since the start of the year, now accounting for 57.2% of Brazil’s total beef exports...
DoorDash Reports Record Results for Q2 FY2025
DoorDash delivered record performance in the second quarter of its fiscal year, achieving new highs in total orders, Marketplace GOV, and revenue. Total orders climbed 20% year-over-year (YOY), while Marketplace GOV increased 23% to $24.2 billion. Revenue surged 25% YoY to $3.3 billion.
Net revenue margin improved compared to both last year and last quarter, driven by more efficient logistics, higher advertising revenue, and fewer credits and refunds issued.
Adjusted EBITDA reached $655 million in Q2 2025, a...
Tariff Talks 2025: Expana's Weekly Rundown #21
Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.
Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #21."
This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.
...
On August 6, US President Trump issued an executive order that imposes a new 25% additional ad valorem tariff on imports from India into the States, effective 21 days after the White House announcement...
Maple Leaf Foods Sees Major Turnaround with $58M Profit in Q2 2025
Maple leaf, a Canadian food processing company, have delivered findings from its quarterly results.
The company reported a strong second quarter, with adjusted EBITDA increasing 28.9% to $182 million compared to the same period last year. Total sales reached $1.36 billion, representing an 8.5% year-over-year increase, driven by consistent growth across all major operating segments.
Prepared Foods saw a 7.5% increase in sales, Poultry rose by 8.5%, and Pork climbed 10.7%, reflecting solid market demand...
US Foods Delivers Strong Q2 Results, Raises 2025 Outlook
In its quarterly results, US Foods' strong performance showed steady progress across key areas of the business.
“Our second quarter performance underscores the strength of our team's continued focus on execution and delivering value to our customers. This momentum has fueled further market share gains with independent restaurant, healthcare and hospitality customers, resulting in record Adjusted EBITDA of $548 million and a 40 basis point increase in Adjusted EBITDA margin to a record 5.4%,” said Dave Flitman, CEO. “Looking ahead, we have a long runway...
ANALYSIS: Australia’s July 2025 Beef Exports Smash Fresh Record Highs
Australia’s beef exports in July 2025 soared to a fresh record high, hitting 150,435 metric tons (mt), according to data from the Department of Agriculture, Fisheries and Forestry (D.A.F.F.). The volume topped the previous peak set in June 2025 by 15,838 mt and marked a fourth straight month of growth.
Increases in exports to major destinations such as the United States (US), China, Canada, Japan, and Korea supported the overall growth, potentially setting the stage for Australia’s annual volumes to hit record highs in 2025...
UNFI Appoints David Best to President and CEO of Retail
United Natural Foods, Inc. (UNFI) announced the appointment of David Best to President and Chief Executive Officer of Retail effective August 17.
“I’m excited to join UNFI and accelerate the retail business during such a pivotal time for the Company,” Best said. “As a former UNFI customer and a Minnesota native, I have a great respect for the differentiated value UNFI is creating within our industry and for everything the Cub brand means to the community I call home. I’m energized by the opportunity to work with the...
Farmer Sentiment Weakens, But Farmers Believe US Policy Headed in Right Direction
Farmer sentiment continues to weaken, as the Purdue University/CME Group Ag Economy Barometer declined again in July. The barometer fell 11 points to 135 from June, a reading that resulted from U.S. farmers' weaker perceptions of both current conditions and future expectations. The July Current Conditions Index dropped 17 points to 127 from last month, while the Future Expectations Index posted a smaller decline of 7 points to 139. Driving the weaker income prospects for 2025 were farmers' assessment of current conditions...
The Retail Rundown: Summer’s Last Stretch Drives Seasonal Promotions
August has arrived, bringing a sense of urgency to make the most of summer’s final weeks. With Labor Day fewer than four weeks away and just seven weeks remaining until the season’s official end, retailers are already diving into back-to-school promotions.
Seafood claims the top spot among protein features again this week, making up 30.3% of all retail ads, followed by beef at 26.2%, pork at 20.8%, and chicken at 18.9%. Egg promotions remain minimal, comprising less than 1% of features—consistent with last week’s light showing. The Midwest led in egg advertising, while the Northeast and South Central regions showed more moderate activity...
China Extends Antidumping Investigation on Imported Beef to November 2025
China’s antidumping investigation into imported beef will be extended until November 26, 2025, the latest announcement by China’s Ministry of Commerce (MOFCOM) stated.
Originally set to conclude in August, it will now be extended by three months “due to the large workload and complex case,” as per Announcement No. 38.
The MOFCOM began the investigation on December 27, 2024, following a request from China’s Animal Agriculture Association and nine industry associations representing major beef-producing areas on behalf of the domestic beef sector...
UK Retailers React to Tariff Uncertainty With 76% of Exporters Diversifying Beyond the US Market
New research from ESW and Retail Economics reveals that 76% of UK exporters are now actively diversifying beyond the US, historically the UK’s largest non-EU retail market. Larger UK retailers are radically re-drawing their global growth playbooks as protectionist trade policies upend decades-old export patterns. However, 71% of small UK retailers admit they have no formal plan for sudden trade-policy shocks, a stark operational gap that could hit margins overnight.
The report, “Rethinking Reach...
ANALYSIS: Japan’s 1H 2025 Beef Imports Tumbles 13.0% YOY as Consumption Cools
Japan’s beef imports in the first half of 2025 slumped 13.0% from a year ago at 236,712 metric tons (mt), according to the latest data from Japan’s Trade Statistics.
Inbound shipments by Asia’s second largest beef importer fell by 35,262 mt, with volumes down from key suppliers including Australia, the United States (US), Canada and New Zealand.
Australia led shipments with 111,440 mt, outpacing the US. Despite a production surge, annual volumes to the island nation declined 11.9%. Its market share stood at 47.1%...
Growth Continues for Publix with Rising Sales, Earnings, and Stock Value
Publix’s sales for the second quarter rose 7.3%, increasing from $14.5 billion to $15.6 billion. Comparable store sales were also up, growing 6% during the quarter. The company estimates that approximately 1% of the year-over-year sales growth in Q2 was due to the timing of the Easter holiday, which fell in the second quarter of 2025 but in the first quarter of 2024.
Net earnings for the quarter increased 41.5% to $1.4 billion, compared to...
ANALYSIS: Tariff Concerns Driving Mexican Beef Cut Exports to the US
Mexican fresh beef cuts exports to the US have navigated fluctuating dynamics throughout 2025, with initial robust volumes giving way to moderated activity amid evolving demand patterns. Early in the year, shipments maintained steady momentum, building on the comparative stability observed in prior years, but faced different challenges as importer strategies shifted in response to market conditions.
Exports experienced a notable decline from April through June 2025 compared to the volumes recorded in the first quarter of the year, reflecting reduced importer interest amid...
ANALYSIS: Heavier Lambs Offset Lower Slaughter
According to USDA’s weekly data, lamb and mutton production in the US reached 70.3 million pounds year-to-date as of July 25, 2025, which is 3.1% higher than the same point last year. So far this year, 1,099,000 total lambs and sheep have been slaughtered, slightly below the 1,103,000 head processed during the same period in 2024. Even with fewer animals being processed, heavier lamb weights have helped offset the decline. For the week of July 25, the average live weight was 123 pounds...
ANALYSIS: EU Pork Carcass Price Declines During July
After reaching this year’s price peak at €2.13/kg on July 1st, the index for EU Pig deadweight grade S EXW EU (BW56) has decreased continuously since then, with the last price assessment being at €2.03/kg on July 29th. However, while the price index decreased throughout the month, the market sentiment of the underlying countries was reported as main divers. While price decreases across the German, Polish and Spanish market drove the EU pork basket lower, the French market held steady during the month, limiting the downward
Listeria, Metal Contamination, and Allergen Mislabeling Triggers Actions from FSIS
This week, the US Department of Agriculture's Food Safety and Inspection Service (FSIS) has issued a pair of public health alerts as well as one recall.
The first announcement was issued Sunday, July 27, for ready-to-eat ham salad products containing FDA-regulated breadcrumbs that have been recalled due to possible Listeria monocytogenes (Lm) contamination. The problem was discovered when Reser's Fine Foods, Inc. determined that the company had used breadcrumbs that had been subject to an FDA recall because that item may have been contaminated with Lm...
UNFI Unveils Top Industry Trends to Help Retailers Plan for the Holiday and Winter Selling Season
During its second Holiday and Winter Selling Show of 2025 in Uncasville, Conn., United Natural Foods, Inc. brought together more than 3,900 attendees, connecting more than 1,400 retailers and over 750 suppliers. Exhibitors showcased thousands of unique products, spanning the natural, organic, fresh, specialty, and conventional grocery categories.
Differentiation that Drives Results
During the show, UNFI experts shared the latest industry insights and emerging growth opportunities to help grocers stand out during the upcoming holiday and winter selling...
PODCAST: Agri-Food for Thought Ep. 32 - M&A in the Global Agri-Food Industry, July 2025 Overview
Expana presents Agri-Food for Thought, the podcast series for agriculture and food professionals.Today, we bring you up to speed with merger & acquisition activity in the global agrifood landscape that occurred in July 2025 as part of the monthly M&A focus series.
July 2025 M&A activity somewhat slowed down compared to previous months. The ongoing tariffs situation, the global focus on trade deals, other trade disputes, and market uncertainty, have a role to play here
Trump Signs Sweeping Executive Order Revamping US Tariff Rates; 15% Floor for Deficit Nations
President Donald Trump signed an executive order on July 31, unveiling a massive overhaul of US tariff policy, introducing a series of new import rates for US trading partners (find the full rate list below).
Under the new plan, countries with which the US has a trade deficit will face a minimum 15% tariff, affecting more than 30 nations. Meanwhile, the administration’s existing 10% “universal” tariff will remain in place for countries where US exports exceed imports...
Triple Typhoon Impact Disrupts Southeast Asian Agricultural and Aquaculture Supply Chains
A rare convergence of three powerful typhoons in July has battered key agricultural and aquaculture regions across China, Vietnam, Taiwan, and the Philippines. Typhoons Wipha, Danas, and Co-May have collectively caused hundreds of millions in damages.
Typhoon Wipha Deals Blow to Vietnam’s Rice and Shrimp Exports
Typhoon Wipha formed on July 18 near the northern Philippines and intensified to Category 1 before making landfall in Guangzhou, China, and later striking northern Vietnam. Wipha lashed southern China with winds up to 75 mph, triggering floods and landslides
Tariff Talks 2025: Expana's Weekly Rundown #20
Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #20."
As of July 27, the United States and the European Union reached a trade agreement: The US will charge a 15% tariff on all imports across-the-board from the coalition of countries...
Kroger Announces New Leaders in Key Roles
The Kroger Co. today announced leadership changes in several key roles across the company.
Kroger appointed Ed Oldham to Head of Sourcing. Oldham joins Kroger from PetSmart, where he was Senior Vice President and Chief Supply Chain Officer. He led the company's distribution and transportation strategy across North America, overseeing an international distribution network and 2,500 associates. Oldham brings more than 25 years of experience in retail, CPGs, and consulting, where he led planning, buying, replenishment, operations and sourcing decisions across multi-billion-dollar categories. Before joining PetSmart...
ANALYSIS: Tight Freezer Pork Stocks Highlight Seasonal Strength and Trade Sensitivity
As of June 30, 2025, total pork in cold storage declined to 422.3 million pounds, representing a 6% decrease from May and an 11.1% drop from the same period last year. While this drawdown aligns with typical seasonal patterns, driven by stronger domestic demand and active export movement, especially for high-demand cuts like bellies and ribs, the current inventory level marks a ten-year low. This current position is further compounded by slightly reduced year-to-date slaughter totals, which have limited available product for cold storage...
White House Unveils 40% Additional Tariffs on Brazilian Imports; Orange Juice, Nuts Spared
On the afternoon of July 30, Brazil was assigned an additional 40% tariff rate, according to a White House statement. US President Trump invoked the International Emergency Economic Powers Act (IEEPA) which will add to the current baseline 10% tariff on foreign good imported to the US. However, Trump teased upping that rate for ~200 countries where a trade deal would not make sense to negotiate. For now, it’s clear that 40% is in addition to any currently applicable US tariff...
Inside the Mind of a Procurement Strategist: Former Kellanova CPO Looks at Key Trends
At Expana’s Agri-Food Americas event on September 23-24 in Chicago, procurement critical thinking and business solution finding will take center stage. Expert insights will be given and many networking opportunities will be enabled for attendees, who are all faced with disruptive trade shits and global agricultural commodity supply chain woes.
The ambition is for agri-food leaders to unite, discuss, seek expert overviews, and gain some sense of direction and clarity they can ultimately take back home and apply to their procurement strategies.
The Retail Rundown: Retailers Push Protein as July Wraps
As July comes to a close and summer heat intensifies, retailers are pushing protein promotions to attract shoppers and encourage at-home grilling and cooking.
Seafood reclaimed the top spot in protein ad share this week, accounting for nearly 27% of all features. Pork followed at 24%, while beef and chicken trailed close behind at roughly 23% each. Egg promotions dipped slightly to around 1%.
Expana notes that retail egg demand has softened—typical for summer, when hot weather reduces in-home usage. Shelf prices are holding near $3.00 per dozen, well below early-year highs, but lighter consumption has dampened order volumes...
Report Finds Full-Service Restaurants are Winning Back Customers with Menu Updates
Full-service restaurants are hoping to make a comeback in 2025, thanks to menu updates and operational improvements, according to Chatmeter’s latest Full-Service Reputation Ranking Report.
The report, based on over one million reviews from June 16, 2023 to June 15, 2025, analyzed customer feedback across 10 of America's largest casual dining chains. The findings suggest that restaurants introducing new menu items and enhancing the overall dining experience are seeing a spike in both demand and customer reviews.
The Cheesecake Factory, which claimed the...
Inside the 2025 Food Manufacturing Landscape: Workforce Challenges and Investment Uptick
Global Location Strategies (GLS), a site selection advisory firm, unveiled its 2025 edition of the Best Places for Food Manufacturing Insights Report, which featured some intriguing takeaways about the impact of tariffs, immigration raids, and regulatory shifts on food manufacturing expansion.
The report features findings from the sector that spans animal food manufacturing, grain and oilseed milling, sugar and confectionery product manufacturing, fruit and vegetable preserving, specialty food manufacturing, dairy product manufacturing, animal slaughtering and processing, seafood product preparation and packaging, bakeries and tortilla manufacturing, and other food...
Chad Stine Tapped to Lead Seattle Fish Company and Lombardi Brothers Meats
Founders Group of Food Companies announced the appointment of Chade Stine as the new President of the Seattle Fish Company and Lombardi Brothers Meats, effective August 11.
Stine will follow Christian Maas, who has been named Chief Operating Officer for Founders. In the past year and a half, Maas led the integration of Seattle Fish Company and Lombardi Brothers Meats.
Stine enters the role with over two decades of experience in the meat and seafood sectors. His most recent role was with Meats by Linz in Chicago...
Sysco Delivers Strong Q4 and Solid FY 2025 Results
Sysco announced its fourth-quarter and full-year results Tuesday morning.
"Sysco's Q4 results exceeded expectations, as improved financial outcomes were driven by Sysco-specific initiatives and improved restaurant industry traffic. Specific to our business, USFS local volumes improved sequentially by 200 bps, including a strong exit rate in June. Importantly, drivers of our progress accelerated during the quarter, with the momentum continuing in July, an encouraging signal as we begin the next fiscal year of profitable growth" said Kevin Hourican, Sysco’s Chair of the Board and Chief Executive Officer...
ANALYSIS: New Zealand Beef Exports Fall 5.5% YOY in 1H 2025 as Cattle Turnoff Slows
New Zealand’s beef exports fell 5.5% year-on-year (YoY) in the first half of 2025, shedding 15,545 metric tons (mt) to 266,770 mt, according to the latest data from Stats NZ.
The decline was driven by reduced volumes to China and Japan, though gains to the US, Canada and Korea helped cushion the fall. Export growth remained constrained by lower cattle slaughter, as favorable pasture conditions and a strong dairy market continued to limit...
US-EU Trade Announcement: Markets Open to American Food and Beverage Producers
As of July 27, the United States and the European Union reached a trade agreement: The US will charge a 15% tariff on all imports across-the-board (including sector-specific rates like those on autos) from the coalition of countries, according to a joint announcement between US President Trump and European Commission President von der Leyen.
The trade deal will contain agreements whereby the EU will purchase $750 billion in energy from the US, invest an additional $600 billion into the US, open markets to...
71% of Consumers Shop for Groceries Online, But Grocers Must Eliminate Friction to Grow Loyalty
As online grocery shopping continues to gain traction, U.S. consumers are sending a clear message to grocers: make it easier, smarter, and more connected. A new national survey from VTEX (NYSE: VTEX), composable commerce platform provider, finds that 71% of consumers have shopped online for groceries, with 50% purchasing groceries online at least once a month, but many shoppers are holding back from deeper digital engagement due to persistent friction in the experience.
The findings reveal powerful insights for grocers...
FSIS Issues Public Health Alert For Ready-To-Eat Ham Salad Products
The US Department of Agriculture’s Food Safety and Inspection Service (FSIS) has issued a public health alert for ham salad products produced by Reser’s Fine Foods. The alert follows a recall of FDA-regulated breadcrumb ingredients supplied by Newly Weds Foods, which may be contaminated with Listeria monocytogenes (Lm).
This public health alert is intended to ensure that consumers are aware these products, which bear the USDA mark of inspection, should not be consumed.
The affected products included in this alert are...
UFCW Reaches Tentative Agreement with Albertsons Companies
On Sunday, UFCW 8-Golden State, along with UFCW Locals 5 and 648, announced a tentative agreement with Albertsons Companies, the parent company of grocery chains such as Safeway and Vons.
The agreement follows five months of intense negotiations and comes in the wake of a threatened walkout involving nearly 25,000 grocery workers. It includes significant wage increases, a strengthened and secure retirement plan, improved health care benefits, and improved job protection provisions aimed at fostering a safer and more respectful workplace.
UFCW 8-Golden State members working...
UK Meat Producer Cranswick Reports 9.7% Revenue Growth in Q1
UK’s Cranswick has reported a 9.7% increase in revenue for the 13 weeks up to 28 June 2025, or the first quarter in its financial year. Like-for-like revenue rose by 7.9%, driven by volume growth, the company said.
The recently acquired food service sausage manufacturer Blakemans on 16 May 2025, also contributed to growth, the trading report showed. And export revenue and volume increased following the reinstatement of the Norfolk site’s China export licence in December 2024.
The new retail business and strong demand at the cooked...
Trump Announces August 1 Tariffs — Here's the Complete List
UPDATE July 22, 2025: US President Trump States 19% for the Philippines, Indonesia
After a press conference with the President of the Philippines, Trump confirmed the 19% rates for the Philippines and Indonesia, when he posted to Truth Social.
UPDATE July 14, 2025: EU, Mexico Slapped with 30% Tariffs
President Donald Trump has expanded his administration’s tariff policy, targeting the European Union and Mexico with newly announced 30% tariffs on all products imported into the United States. Read Expana's coverage here.
UPDATE: July 10, 2025
President Trump imposed a 35% tariff...
President Trump Securing Market Access in Australia for US Beef Draws Praise
President Trump secured expanded access to Australia’s market for U.S. fresh and frozen beef, scoring a historic win for American ranchers. For over two decades, Australia imposed non-scientific barriers on U.S. beef, closing off a critical market. Thanks to President Trump’s leadership, Australia opened its market to U.S. beef, scoring a major win for U.S. ranchers.
The announcement was immediately met with praise from American ranchers, stakeholders, and lawmakers:
National Cattlemen’s Beef Association President and Nebraska Cattleman Buck Wehrbein: For 20 years...
ANALYSIS: Texas Cattle Grading Prime Hits Record High in 2025
According to the USDA’s National Steer and Heifer Estimated Grading Report, Texas has reached a record high, with roughly 9% of steers and heifers grading Prime. Historically, Prime grading follows a seasonal pattern, climbing from January through late spring, early summer, before tapering off during the hotter months and into winter. However, 2025 appears to be deviating slightly from this trend for Texas specifically. Rather than peaking, Texas continues to report incremental gains, now sitting 21% above year-ago levels. This raises the question...
Dickey's Barbecue Pit Responds to Frivolous, False Lawsuit Claims
Dickey's Barbecue Restaurants, Inc. has issued a statement in response to a lawsuit filed by a former Houston franchisee, asserting that the allegations are false, without merit and misrepresent the company's franchise model.
"Our franchise model is designed to empower our partners as independent business owners," said Laura Rea Dickey, CEO of Dickey's Barbecue Pit. "We provide a proven framework for success, brand standards, and a robust business model with an ongoing support system. During the development and construction process, we provide...
Tariff Talks 2025: Expana's Weekly Rundown #19
Click to read "Tariff Talks 2025: Expana's Weekly Rundown #19."
ANALYSIS: USDA Grading Percentages; Select Over the Years
Select-grade cattle increased this week compared to last, although levels remain lower than the previous three years. Historically, Select grading follows a pattern: it starts at a moderate level at the beginning of the year, dips to its lowest point around March or April, then rises steadily through June or July, where it holds at elevated levels until October or November before declining through the end of the year.
In recent weeks, some market participants have reported seeing more Select-graded product on...
ANALYSIS: Production in Motion as Beef Pulls Back and Chicken Steps Forward
The July 2025 USDA outlook reveals diverging trajectories across the major protein sectors, with beef production continuing to pull back while broilers and pork fill the supply gap.
Beef output is forecast to decline by nearly 3 percent to 26.188 billion pounds, driven by lower slaughter rates and lighter carcass weights in the back half of the year. This contraction signals a tightening supply environment that has ripple effects across the broader protein complex.
Broiler production is moving in the opposite direction...
China’s Australian Beef Safeguard Kicks in 75 Days Earlier This Year Following Record Exports
China’s imports of Australian beef have triggered the 2025 Special Agricultural Safeguard (SSG) as of July 24, according to the latest announcement posted on the China International Trade Single Window, a website led by China’s National Ports Administration Office.
Despite the higher annual quota volume for this year, this means the safeguard quota was exhausted in 205 days, 75 days earlier than in 2024. The safeguard limit was activated last year on October 6.
The China-Australia Free Trade Agreement (ChAFTA) took effect in...
US Republicans Continue Push to Override California Animal Welfare Law
U.S. Republicans continued on Wednesday a years-long effort to override a 2018 California law that bans the sale in the state of pork from pigs kept in tightly confined spaces, arguing in a House Agriculture Committee hearing that the law is overly burdensome to farmers.
Proposition 12, which also sets housing standards for veal and eggs sold in the state, was upheld by the Supreme Court in 2023 after a legal challenge by the pork industry.
President Donald Trump's administration sued California...
Swiss Nestlé’s Sales Down by 1.8% on 1H25; Milk Products’ Growth up by 1.1%
Nestlé's sales fell by 1.8% to CHF 44.2 billion ($50.388 billion) over the first quarter of 2025, the company’s results presented on Thursday showed. Net profit was also down on the year to CHF 5.06 billion from CHF 5.64 billion in the first half of 2024. However, organic growth was up by 2.9%.
“Sales were negatively impacted by foreign exchange movements, especially in Q2, when the Swiss Franc strengthened by 10% against the dollar, and similar amounts against other currencies...
Fortune Fish & Gourmet Showcases Premium Seafood and Meats to NBA Chefs in Las Vegas
Fortune Fish & Gourmet took center stage at the National Basketball Association (NBA) Summer League in Las Vegas last week, presenting their specialty seafood and meat products to chefs from all 30 NBA teams.
Each summer, Las Vegas hosts the NBA’s annual meetings for coaches, trainers, and the Performance Nutrition Association to discuss best practices for supporting their organizations. For the first time, NBA chefs held their own dedicated meeting in 2025, inviting Fortune Fish & Gourmet, current supplier to the Philadelphia 76ers, to present its offerings to...
What's in the EU's Countermeasures to US tariffs?
The European Union could hit the United States with counter-tariffs on 93 billion euros ($109 billion) worth of U.S. goods if the two sides fail to reach a trade deal by Washington's August 1 deadline for imposing import levies.
The European Commission has prepared two sets of possible counter-tariffs, which would be combined into one and submitted for approval to EU members. They would not be imposed until August 7.
Here is a breakdown of the two packages:
EU COUNTERMEASURES TO STEEL, ALUMINIUM TARIFFS...
PODCAST: Agri-Food for Thought Ep. 31 - Competition Heats Up at the Meat Case this Summer
Listen now as Jamie gets the scoop from Market Analyst Pete Iridoy on how pork is benefitting at retail amidst high beef prices this summer...
New Progresso Pitmaster Soups Take on Grilling Season
Fire up your appetite, not your grill. This summer, Progresso® is bringing the unmistakable taste of a backyard cookout to your kitchen with the launch of Progresso Pitmaster, a bold new line of BBQ-inspired soups packed with juicy, delicious meats, roasted vegetables and 14g of protein or more per can.
Progresso Pitmaster soups capture the bold, satisfying flavors of BBQ in a no-fuss, no-flame format. Whether you're craving a savory, rich bite of steak or the indulgent flavors of beer cheese and sausage, Progresso Pitmaster delivers the ultimate taste experience in a bowl that’s ready in just five minutes.
The Retail Rundown: Beef Edges Out Seafood in Weekly Protein Features
Beef narrowly edged out seafood for the top spot in retail protein promotions this week, making up 25.9% of all featured items. Seafood was a close second at 25.3%, while pork and chicken each accounted for about 23%. Eggs represented roughly 2% of ads, and turkey dipped below 1%.
Beef steaks remained a premium grilling choice, averaging $14.21 per pound last week. Seafood also led on price, with fresh salmon reaching as high as $17.24 per pound in some regions...
Trump Announces US-Indonesia Trade Agreement; New Details Emerge
UPDATE: July 22, 2025 4:37 PM ET
This afternoon, US President Trump posted to Truth Social after revealing a similar 19% trade deal with the Philippines, reported Expana.
"It is my Great Honor to announce our Trade Agreement with the Republic of Indonesia, as represented by their Highly Respected President, Prabowo Subianto. It is agreed that Indonesia will be Open Market to American Industrial and Tech Products, and Agricultural Goods, by eliminating 99% of their Tariff Barriers. The United States of America will now sell American Made products to Indonesia..."
Trump Signs Landmark US-Japan Trade Deal, Slashes Tariffs to 15%
United States President Donald Trump announced this week that he had signed what he described as “perhaps the largest deal ever made” with Japan, aimed at reshaping trade relations between the two countries. The agreement sets a new 15% tariff rate on all Japanese products imported into the US, a notable decrease from the 25% rate imposed earlier this month, as Expana reported.
According to President Trump, the deal is expected to create hundreds of jobs in the United States and will require Japan to open its markets further...
OpenTable and KAYAK Unveil Top 100 Hotel Restaurants Amid Growing Trend of Culinary-Driven Travel
According to new insights from OpenTable and KAYAK, travelers are increasingly choosing their destinations based on where they want to eat.
An OpenTable survey reveals that 47% of Americans have planned a trip specifically to visit a restaurant. Similarly, KAYAK reported a 51% year-over-year increase in travelers using the “restaurant” filter when searching for hotels.
In response to this trend, the two companies have partnered to release their first-ever list of the "Top 100 Hotel Restaurants in America...
US-Philippines Trade Relations Televised; 19% Tariff Rate Reached
On July 22, US President Trump participated in a bilateral meeting with Philippines President Ferdinand Marcos Jr.
“... We concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs,” wrote President Trump on Truth Social after the meeting. “The Philippines will pay a 19% Tariff. In addition, we will work together Militarily. It was a Great Honor to be with the President. He is Highly Respected in his Country, as he should be. He is also a very good, and tough, negotiator..."
Smashburger Expands with Seasonal, Value Menus
Smashburger, one of the nation’s leading better-burger fast casual concepts, is expanding its menu this summer as part of a broader strategy to drive traffic and increase customer engagement.
The brand has launched two new menu initiatives: the "Summer of Smash" limited-time menu and a new All-The-Time Menu aimed at price-sensitive consumers.
The Summer of Smash menu features the debut of the All-Angus Big Dog, available in four builds: Americana, Bacon Cheese, Chili Cheese, and Chili Cheese Jalapeño...
Princes Acquires Historic Liverpool Building as New UK Headquarters
Yesterday, leading UK food and drink company Princes announced its purchase of the historic, Grade-I listed Royal Liver Building (RLB) in Liverpool, England for £60 million (USD $70.33 million).
According to the company, the acquisition is part of Princes’ broader £83 million (USD $97.29 million) real estate plan, which includes the purchase of Symington’s Cross Green facility in Leeds, England, for £23 million (USD $26.96 million). Also, acquiring the Cross Green site will further embed Symington’s business, which Princes already manages and operates, into...
ANALYSIS: China’s Meat Imports Pull Back 2.8% YOY to 3.20M mt in 1H 2025
China imported 3,201,497 metric tons (mt) of meat, including variety meats, in the first half of 2025, down 2.84% (93,721 mt) from the same period last year, according to preliminary data from the General Administration of Customs (GACC).
China’s uneven economic recovery kept pressure on consumer spending, with sluggish demand in the dining sector continuing to weigh on import growth. Rising domestic production also contributed to limiting import volumes.
Government efforts to rein in extravagant official spending have cast a shadow over premium dining...
ANALYSIS: China’s 1H 2025 Beef Imports Slumps 9.5% YOY to 1.30M mt
China’s total beef imports shrunk 9.5% to 1,302,197 metric tons (mt) in the first half of the 2025 calendar year, according to the latest data from the General Administration of Customs of China (GACC).
Shipments declined by 136,640 mt, led by lower volumes from most major suppliers. Australia was the exception, partially offsetting the overall drop.
The decline stemmed from a combination of rising domestic production and soft consumer demand amid a challenging macroeconomic backdrop. Trade tensions and a weakened dining sector further...
ANALYSIS: Ham Rally Fueled by Tight Supplies, Strong Exports and Tariff Tensions
From May through mid-July 2025, the bone-in ham market has undergone a sharp and dynamic rally—arguably the most pronounced seasonal move in over a decade. This year’s trajectory not only played a central role in driving the broader 9-week pork cutout rally that began in mid-April, but also set a new seasonal benchmark. Prices kicked off May at $0.85/lb and surged to a high of $1.26/lb by the week of June 23, marking a 47.4% increase in just under...
ANALYSIS: US Pork Trim Market Holds Firm
In the pork trim market, prices for both 42% and 72% material have moved higher in recent days, reaching 52-week highs. Contributing factors include stronger demand, a roughly 1.9% year-to-date decline in hog slaughter, and a seasonal downtrend in hog weights tied to warmer weather.
As of mid-July 2025, 72% trim was reported at $1.40/lb, while 42% trim reached $1.245/lb. This is a sharp rise compared to late December 2024, when 42% trim was under $0.40/lb and 72%...
Subway Names Jonathan Fitzpatrick as Chief Executive Officer
Subway, one of the world's largest restaurant brands, today announced that Jonathan Fitzpatrick will join the company as Chief Executive Officer (CEO), effective July 28, 2025, following a comprehensive search.
With more than two decades of franchising and quick service restaurant experience, Fitzpatrick has a proven track record of elevating sales and operational performance across global networks. Most recently, he served as President and CEO of Driven Brands where he led a best-in-class team to 17 consecutive quarters of same-store sales growth...
USDA Appoints New FSIS Administrator, Announces Five-Point Food Safety Plan
Last week, Dr. Justin Ransom assumed the role of FSIS Administrator, leading the U.S. Department of Agriculture’s (USDA) Food Safety and Inspection Service (FSIS). Under this role, Dr. Ransom will oversee the FSIS, ensuring the safety, wholesomeness, and proper labeling of U.S. commercial meat, poultry, and processed egg products.
The presidential appointment was first announced by U.S. Secretary of Agriculture Brooke L. Rollins on July 3, with Dr. Ransom officially assuming the role on July 14.
The FSIS is a federal agency under the USDA responsible for ensuring food...
FMI 2025 Report Highlights Food Industry Shifts Amid Consumer, Economic and Supply Chain Pressures
The Food Industry Association (FMI) has released its 76th annual report, “The Food Retailing Industry Speaks 2025,” offering a look into how the industry is advancing as the modern grocery experience continues to evolve.
The report highlights strategies adopted by food retailers and suppliers, as they adapt to the shifting expectations of consumers, supply chain challenges, and economic pressures.
Bracing for continued disruptions
According to the report, about 80% of food retailers and suppliers expect trade policies and tariffs to affect pricing and...
The New "Coke of America”?
Call it bipartisan, call it good taste... US President Donald Trump’s latest truth may be exciting nostalgic beverage enthusiasts from left, to center, and right. The President is calling for cane sugar in US Coke cans and bottles going forward.
“I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so,” wrote Trump. “I’d like to thank all of those in authority at Coca-Cola. This will be a very good move by them — You’ll see. It’s just better!”
ANALYSIS: Australian Beef on the Brink of China’s Safeguard Trigger
China’s imports of Australian beef are inching very close to triggering the 2025 Special Agricultural Safeguard (SSG), fueling fresh concerns across the trade that Most-Favored Nation (MFN) tariffs could be activated within the next two weeks.
There had been renewed optimism after Australia’s latest export figures suggested the trigger might be delayed until mid-August. But market sources now say that is increasingly unlikely, as importers have recently moved to shore up large volumes ahead of the threshold.
Australia’s grain-fed beef has gained traction rapidly in China's...
Letters to Brazil: Trump Cites "Witch Hunt" While Charging 50% Tariff
US President Trump has charged 50% tariffs on Brazilian imports to the States, according to a letter to Brazilian President Lula.
This week, reciprocal tariffs were re-announced in the form of letters from the US Trump administration to trading partners who could not reach a deal within the previously granted 90-day pause. And what a fun week it's been for tariffs' "watchers on the wall."
Letters to 22 trading partners were sent with new tariff rates that will be implemented on August 1...
UNFI Posts Solid Quarterly Results and Revises 2025 Outlook Following Cyber Incident
American grocery wholesaler United Natural Foods Inc. (UNFI) released its quarterly results and updated its full-year outlook for fiscal 2025 on Wednesday, following consistent success across three consecutive quarters.
“With a proven multi-year strategy and consistent execution through the third quarter of fiscal 2025, we are confident in our underlying momentum and our ability to achieve our multi-year financial targets at an accelerated pace compared to the initial targets we communicated in October 2024,” said Sandy Douglas, CEO of UNFI...
Unlocking Pork Quality with Precision: See the Difference Marbling Makes
Two pork loins. Similar color. Different marbling. One leads to a juicy, flavorful eating experience—while the other may disappoint. While subjective, visual assessment can miss the mark, BioQScan® Core empowers meat processors to objectively identify high-quality pork using real-time, non-invasive estimates of intramuscular fat (IMF). This allows processors to identify premium product at the speed of the production line.
Developed for small and mid-sized meat processors, BioQScan® Core provides real-time estimates of intramuscular fat (IMF), backfat thickness, and loin...
The Retail Rundown: Summer Travel Drives Foodservice Gains as Retailers Compete for Shoppers
Foodservice is in full swing this summer, fueled by warm weather and vacation season as consumers hit the road and dine out. This Fourth of July, AAA estimated a record 72.2 million Americans traveled domestically—a 2.4% increase from last year and 7 million more than in 2019.
“This year, we're seeing strong demand for road trips, flights, and cruises, especially with the holiday falling on a Friday,” said Debbie Haas, Vice President of AAA Travel.
With so much consumer attention on travel and dining out, food...
National Restaurant Association Applauds Trump Tax Bill for Boosting Industry Jobs and Growth
President Donald Trump’s One Big, Beautiful Bill features tax policies that will assist the restaurant and foodservice industry, the National Restaurant Association said.
The group stated that the bill will enable restaurant owners and operators nationwide to “create jobs, invest in their business, and provide certainty for their local economies.”
“The restaurant industry is a powerful economic engine – generating over $1.4 trillion in annual economic activity and employing more than 15 million people nationwide,” said Michelle Korsmo, President & CEO of the National Restaurant Association...
Why Expana’s New Beef Forecast Deserve Your Attention
In a strategic move to bolster its comprehensive red meat market coverage, Expana is introducing a new price forecast for US 167A 4 Round, Knuckle, Peeled Beef.
While the company already delivers over 300 red meat price forecasting series, this new addition seals a crucial gap for stakeholders whose contracts and margins hinge on cut-specific pricing.
“Forecasting is essential for businesses looking to better understand market dynamics and to make better commercial decisions,” explained Bruno Whittaker, Forecast Analyst at Expana.”
“Our forecasts are built on historical...
US Tariffs on Brazilian Imports Spark Cross-Commodity Concerns
On July 9, US President Donald Trump moved to raise tariffs on Brazilian imports to 50% starting August 1—up sharply from the 10% rate imposed in early April—sparking concerns in global markets, with potential ripple effects across commodities like orange juice, beef, coffee, sugar, and seafood.
These trade measures are raising alarms in export-dependent sectors and among US importers, with market participants saying the implications could be wide-ranging.
Brazilian President Luiz Inácio Lula da Silva said the country would respond to the newly announced tariff...
Applebee’s Expands 2 for $25 Menu with New Entrées
Applebee’s is adding new options to its long-running 2 for $25 value menu, continuing a strategy that dates back to its original 2 for $20 deal launched in 2008. The offer aims to deliver accessible pricing amid shifting consumer demand and rising food costs.
The latest limited-time additions include two new entrees and a fan favorite:
ANALYSIS: Growth of Brazilian Beef Exports to the Mexican Market
The Mexican beef import market showed a notable surge in Brazil's export volumes in June 2025, with levels reaching the highest point since the initiation of the Package Against Inflation and Scarcity (PACIC, acronym in Spanish) in 2022, which eliminates tariffs on beef imports from Brazil. Data reveals a significant uptick, with June 2025 exports reaching 16,170 metric tons, a clear contrast to the 3,666 metric tons recorded in June 2024 and the 76 metric tons in June 2023. This escalation reflects...
ANALYSIS: US Retail Ground Beef Prices the Week Before the Fourth of July Year-Over-Year
With cattle slaughter levels being lower and beef rising in price, for most items at the retail level grinds were no exception. The Fourth of July is a holiday widely known for its grinds demand historically at the retail level. This year, grind prices towered over 2024 levels for discounted and non-discounted values at the retail level. The percentage increase for the total average price for all blends, non-discounted and discounted, was...
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JBS Invests More Than US $7 Million in Traceability and Support for Small Producers in Pará
JBS has invested more than US$ 7 million in cattle traceability and support for small producers in Pará, as part of a pioneering state program that aims to trace the entire herd of cattle and buffaloes in the region by the end of 2026. The results of JBS's initiatives were presented during the "Expedition to the Sustainable Meat and Leather Market of Pará," an event promoted by the Nature Conservancy (TNC) Brazil.
The initiative is part of a broader collation involving...
Trump Letters Reveal August 1 Tariff Rates for Key US Trading Partners
The Trump administration was busy after the Fourth of July holiday, as the President sent out a litany of letters to US trading partners revealing what their tariff rate would be starting on August 1.
Over the weekend, President Donald Trump and members of the administration announced that letters would begin rolling out showcasing new tariff rates for countries. The letters came at a rapid pace on Monday afternoon, with messages dispatched to the leaders of Japan, South Korea and South Africa, to name a few...
Conagra Posts Decline in Sales and Profit for Q4 and FY2025
Conagra Brands has reported financial results for both the fiscal year and fourth quarter.
For the quarter, net sales declined 3.5%, driven by a 2.5% drop in volume and a 1.0% negative price/mix impact. Gross profit fell 12.1% to $707 million, as margins were pressured by inflation and weaker sales. Net income was $256 million ($0.53 per share), while adjusted EPS came in at $0.56. Adjusted EBITDA totaled $544 million.
For fiscal year 2025, net sales declined...
ANALYSIS: Brazil’s Latest Tariff Blitz Set to Redraw US Beef Import Landscape
Washington’s sudden decision on July 9 to impose a 50% tariff hike on Brazilian beef imports, effective August 1, is rattling the world’s largest beef market and potentially disrupting one of its largest supply lines.
Brazil accounted for nearly 30% of the United States (US) imported frozen boneless beef so far in 2025, making this tariff a seismic shock to American buyers and suppliers.
Brazil already faced a 26.4% out-of-quota tariff after taking a significant role in filling the 65,000 metric tons (mt) “other country” beef...
ANALYSIS: US 2025 Top Butts Set Record Highs
As we move deeper into summer and the last major grilling holiday before Labor Day is behind us, it’s a good time to revisit a 2025 standout: the top sirloin butt.
With constrained supplies heading into grilling season, many retail and foodservice buyers turned to top butts as a more economical alternative to ribeyes and strips. However, reduced cattle slaughter and record-high cash cattle prices pushed boxed beef values higher across the board, even for these “value cuts.”
In late June, the...
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