Big Mac Goes Big Tech, with a Few Hiccups
When McDonald’s first opened for business in the 1940s, its workers stood at physical counters, its burgers and fries were listed on paper menus, and its customers paid cash to its human cashiers.
How quaint.
Today technology so infuses every aspect of McDonald's business that it would only be a slight exaggeration to call it a tech company that happens to sell burgers.
McDonald's mobile app; its human-less, order-taking kiosks; its digitized menus that change based on trends, the weather and more; and even its generative AI - together...
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Podcast: Agri-Food for Thought Ep 7 - Meet Us in Las Vegas for the 48th Executive Conference
Join us at the 48th annual Executive Conference in Las Vegas, April 14-16! Featuring special guests: Russ Whitman and Chris Fastiggi.
Europe Looking Towards Air Freight Solutions Due To Continuing Attacks in Red Sea
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Stryve Foods is Proud to Announce New and Improved Retail Packaging Showcasing Thinly Sliced Steak
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DoorDash Expands Food Access for SNAP Customers With New Grocery Partners
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February CNBC/NRF Retail Monitor Numbers Show Consumers Continued Spending in February
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Statement by Secretary Vilsack on the President’s Fiscal Year 2025 Budget
Budget Enhances Economic Prosperity for Millions of Americans Living in Rural Areas
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Another 38 Brazilian Slaughterhouses Can Export Meat to China
Number of license issuances in a single advertisement is the highest ever recorded in history
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Campbell Completes Acquisition of Sovos Brands, Inc.
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Restaurants Are Raising Prices in California as Pay Rises. One Chain Isn’t.
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Circana Report Reveals Private Brands Surge Amidst Inflation
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United Natural Foods Names Giorgio Matteo Tarditi President and Chief Financial Officer
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USDA Announces Next Major Step in Promoting Competition in Agriculture and Advancing Opportunities
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Applegate Farms, LLC Announces Goal to Source Beef Hot Dog from 100% Certified Regenerative Beef
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“For 37 years, Applegate has led the charge for higher standards...
Office Potluck Inspires Innovation Resulting in Launch of HORMEL® Sweet Garlic Ginger Pork Loin
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The inspiration for the recipe came courtesy of team member Feng Walkup, an international...
ANALYSIS: Deciphering Ground Chuck Retail Prices in Today's Market
On a year-over-year basis, the Consumer Price Index (CPI) reached its COVID-era peak registering at 9.1% in June 2022. Although it has since moderated, the latest data from the USDA reveals that U.S. consumers are allocating the largest proportion of their disposable income to food since 1991, with 11.3% spent in 2022.
This heightened focus on food prices prompts a closer look at discounted Ground Chuck pricing at retail outlets. To conduct a comprehensive analysis, Circana's pricing data was adjusted to account for inflation...
The Retail Rundown: Hopping Towards the Holiday
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Tilapia and salmon have the greatest percentages of feature volume within the fillet category. With prices comparable to or below year-ago levels, retailers were keen to give the two species a larger chunk of circular real estate.
Fresh salmon, the top seller within the finfish category last week, retailed at...
ANALYSIS: Strong Quality Grade, Demand Lull, Dampens Certified Angus Beef® Rib Prices
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Whole Foods Market to Open Smaller Format Stores as Part of Ongoing Expansion
Whole Foods Market announced today that it is introducing a new, quick-shop store format designed to provide customers in urban neighborhoods a quick, convenient shopping experience with easier access to the fresh, high-quality offerings they expect from Whole Foods Market. The new format, called Whole Foods Market Daily Shop, will initially launch on the Upper East Side in Manhattan with additional locations in New York City to follow. The first store, located at 1175 Third Avenue, is expected to open this year...
Wendy's Fuels March Madness Fans with $1 Dave's Single and $2 Dave's Double All Tournament Long
It's almost time for tipoff! While fans are busy researching teams for brackets, getting their gear ready, and prepping their watching schedule, Wendy's® is fueling the fandom with March Madness® deals all month long!
To celebrate the biggest basketball tournament of the year, Wendy's fans can score a $1 Dave's Single® or a $2 Dave's Double® with Wendy's app offers*.
WHAT: Wendy's is serving up the best tasting burgers in the game...
New Research Identifies Opportunities for Aligning on Consumer Eating Occasions
Insights revealed today from FMI – The Food Industry Association, Oliver Wyman and Circana demonstrate new opportunities for food industry trading partners to cater to shoppers’ expanding definitions of value. The research, Finding Growth for Food & Beverage at Retail: Winning Eating Occasions throughout the Day, supports go-to-market strategies and ways in which grocers can attract more shopper relevance regarding needs, experiences, tastes, rewards, health – and especially convenience.
Mark Baum, senior vice president of industry relations and chief collaboration officer, FMI said, “The research showcases how food and...
Publix Reports Fourth Quarter and Annual Results for 2023
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Net earnings for the three months ended Dec. 30, 2023 were $1.2 billion, compared to $1.3 billion in 2022, a decrease of 7.8%...
Texas Roadhouse, Inc. Appoints Jane Grote Abell to Board of Directors
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Ms. Abell is currently the Executive Chairwoman of the Board of Directors and Chief Purpose Officer for Donatos Pizza, a Columbus, Ohio based premium pizza concept with over 460 locations in 29 states.
Jerry Morgan, Texas Roadhouse Chief Executive Officer, commented, “We are excited to have Jane join our Board of Directors. With over 30 years in the restaurant...
It's Not Pizza It's Chizza- KFC Brings the Global BestSeller to U.S. Menus For the First Time
From the fried chicken chain that brought you the Double Down, KFC has done it again – pairing the unexpected to create another mouthwatering meal. Starting Feb. 26 for a limited time, KFC is introducing the international smash hit, Chizza ("cheet-za"), to KFC menus in the U.S.* It's not pizza, it's Chizza: two 100% white meat Extra Crispy™ fried chicken filets topped with zesty marinara sauce, melty mozzarella cheese and crispy pepperoni...
MF Meats Recalls Raw Meat Products Due to Contamination by a Non-Food Grade Substance
MF Meats, a Falconer, N.Y. establishment, is recalling approximately 93,277 pounds of raw meat products, which may have been contaminated with non-food grade mineral seal oil, which is not approved for use in meat processing, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The raw meat items were produced from Nov. 26, 2023 through Feb. 16, 2024. The following products are subject to recall:
JBS Australia to Double Production Capacity at Dinmore Beef Facility
JBS Australia recently started a second shift at its Dinmore beef processing facility in Queensland. The company hired 300 additional staff for the expansion.
According to JBS Australia, a gradual ramp-up of production can be expected over the next 4-5 months, resulting in the site doubling its daily processing capacity.
According to JBS Australia, JBS Dinmore is the southern hemisphere’s largest beef processing plant. It accounted for approximately 10% of Australia’s total beef processing capacity when the company announced that it would invest...
Carl's Jr. Introduces Spicy Breakfast Burger and Spicy Western Bacon Cheeseburger
Following the burger-induced chaos of Carl's Jr. Free Burger Day on February 12, when more than 200,000 burgers were redeemed, the brand is continuing to feed guests' insatiable craving for bold, new flavors. Available starting today, Carl's Jr. is introducing two menu items to its flavorful lineup – the new Spicy Breakfast Burger and the return of the Spicy Western Bacon Burger, both twists on the classic Western Bacon Cheeseburger.
As part of the flavorful upgrade, the Spicy Breakfast Burger features a charbroiled all-beef patty...
Podcast: Agri-Food for Thought Ep 6 - Record High Cattle Prices, Feat. Special Guest
Scott Ferguson Steps Down From US Foods Board of Directors, Noting Confidence in Company Leadership
US Foods Holding Corp. , one of America’s largest foodservice distributors, today announced that Scott Ferguson, Founder and Managing Partner, Sachem Head Capital Management LP has stepped down from the company’s Board of Directors effective Feb. 28, 2024. Ferguson has been a member of the Company’s Board of Directors since March 2022.
“US Foods has made impressive progress over the past few years, and I am confident that the company is positioned for further success under the strategic leadership of CEO Dave Flitman,” said Ferguson...
FDA, Industry Actions End Sales of PFAS Used in US Food Packaging
Today, the U.S. Food and Drug Administration is announcing that grease-proofing materials containing per- and polyfluoroalkyl substances (PFAS) are no longer being sold for use in food packaging in the U.S. This means the major source of dietary exposure to PFAS from food packaging like fast-food wrappers, microwave popcorn bags, take-out paperboard containers and pet food bags is being eliminated.
PFAS are a diverse group of thousands of chemicals that resist grease, oil, water and heat. The FDA has authorized certain PFAS for limited...
Cracker Barrel Old Country Store® Announces Return of Easter Heat n' Serve Favorites
To celebrate Easter, Cracker Barrel Old Country Store® is announcing new meal offerings to help create a delicious home-cooked meal experience. Guests can enjoy new items like the Hot n' Ready Easter Ham and Turkey Family Dinner and a Heat n' Serve French Toast Bake or traditional favorites like the Easter Heat n' Serve Ham or Prime Rib meals.
"This Easter, let Cracker Barrel do the homestyle cooking," said Cracker Barrel Vice President of Culinary Thomas Yun...
Standard Meat Company Names Promotions
Standard Meat Company Co-President and CEO Ben Rosenthal announced the appointment of Trever Schatschneider to the position of Director of Information Technology at the historic, family-owned firm, and the elevation of long-time SMC management team members Taylor Stephenson and Heather Irby to Senior Director, Business Development and Senior Director, Human Resources and Safety, respectively.
Founded in 1935 and headquartered at the iconic Stockyards in Fort Worth, Standard Meat Company (SMC) is a meat processing and packaging firm with plants in Dallas, Fort Worth, Saginaw, and Ponder, Texas...
M&P Production LTD Recalls Raw Lamb and Beef Samsa Products
M&P Production LTD, a Brooklyn, N.Y. establishment, is recalling approximately 669 pounds of raw lamb and beef samsa products due to misbranding and an undeclared allergen, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The product contains sesame seeds, a known allergen, which is not declared on the product label.
The raw, frozen lamb and beef samsa items were produced between Jan. 2, 2024, and Feb. 22, 2024 and have a shelf-life of one year. The following products are subject to recall...
Perdue Farms Welcomes Todd Tillemans as New Chief Commercial Officer to Drive Growth and Innovation
Perdue Farms, a fourth-generation, family-owned U.S. food and agricultural products company, today announced Todd Tillemans as its new Chief Commercial Officer (CCO). With a steadfast commitment to delivering excellence in customer service and a focus on providing high quality great tasting innovative products, Tillemans’ appointment signifies Perdue’s dedication to meeting evolving customer and consumer expectations.
In this role, Tillemans will spearhead the company’s long term growth strategies, overseeing the marketing and sales of Perdue’s esteemed...
Wen’s Food Group Reports Approx. $9 Bln Loss in Pig Business for FY 2023
Wen's Food Group, a major Chinese food conglomerate specializing in pig breeding, processing, and distribution of pork products, provided a detailed breakdown of its FY 2023 losses during a recent conference call with investors.
Previously, in January, Wen’s Food Group announced it expected a year-on-year loss between CNY 61-67 billion (approximately $9-10 billion) for FY 2023. The company attributed this loss largely to a decrease in the Chinese market hog and broiler prices...
Hormel Foods Announces Katie Clark as Senior Vice President and Chief Communications Officer
Hormel Foods Corporation, a Fortune 500 global branded food company, announced Katie Clark has been appointed to the role of senior vice president and chief communications officer.
In this role, Clark will oversee the company's global communications, including external media relations, internal communications, global impact communications and corporate reputation. Clark will report directly to Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods.
"I am delighted Katie is joining us at Hormel Foods. She is an impressive leader with...
ANALYSIS: Shifting Market Dynamics Alter Trend Between Cattle and Corn Prices
Cash corn and cattle prices followed a comparable track over the past ten years. However, that tandem trend began to change starting in 2022 due to significant shifts in market dynamics for both commodities.
Omaha, US No 2 Yellow Corn prices peaked at $8.43 per bushel in June 2022, closely challenging the record hit in 2012. The rise in corn prices that year was driven in part by supply disruptions created by the Russia-Ukraine war, as Ukraine is a major supplier of grains to the world markets...
The Retail Rundown: Plenty to Munch on in March
Baseball, basketball, briskets, and the list goes on! Retailers have their sights set on spring demand with March just around the corner. Next month brings several buying opportunities and a refresh for the retail food landscape following the February slump.
Just a little over two weeks out is St. Patrick’s Day on March 17th. Bar and foodservice establishments are expected to benefit from patrons out and about for the holiday, which falls on a weekend this year.
Consumers in the U.S. also celebrate the holiday with corned beef, which is made...
The Wendy's Company Names Matt Spessard Chief Information Officer
The Wendy's Company (Nasdaq: WEN) announced the appointment of Matt Spessard as Chief Information Officer. He will report to President and Chief Executive Officer Kirk Tanner and serve on the Wendy's Senior Leadership Team. Spessard will succeed Kevin Vasconi who has served as Chief Information Officer since October 2020.
Spessard has served as Senior Vice President, Global Chief Technology Officer for The Wendy's Company since August 2022. In this role, he was accountable for establishing the Wendy's System global technology vision and leading technological innovation...
Nathan’s Famous Continues International Expansion in 2024
Nathan’s Famous, Inc., the American tradition serving New York favorites for more than 100 years, announces their continued international expansion in 2024. The brand, which recently opened virtual kitchens in Belgium and France, multiple full-service franchised restaurants in Mexico City, and two franchised restaurants and a food truck in Egypt in 2023, currently operates in 19 countries globally. Through master franchise relationships in Brazil, United Kingdom, Egypt, and Ukraine, the brand plans to open brick and mortar franchised locations and sub-franchised locations in Brazil by the end of 2024...
JSI Store Fixtures Launches New Line of Environmentally Friendly Refrigerated Displays
JSI Store Fixtures, an LSI Industries Inc. company (Nasdaq: LYTS), shipped its first order of refrigerated retail displays featuring environmentally friendly R290 refrigerant this month. JSI’s standalone refrigeration systems are a mainstay in the U.S. grocery market. The new R290 is a propane-based system that provides customers with an alternative product that is a non-toxic, zero ozone-depleting refrigerant with a Global Warming Potential (GWP) of 3, compared to common HFC Refrigerant having a GWP rating greater than 1,400.
“Interest in this product is very high...
Roy Rogers Restaurants Introduces Refranchising Program
Roy Rogers Restaurants® is introducing a refranchising program as part of its franchise growth strategy in Maryland and Virginia. The new program empowers potential franchisees to join the long-time brand by acquiring existing corporate stores before establishing independent locations.
As a proof of concept, Multi-Unit Franchisee Mohammad Haque touts the success of a recently acquired existing store, expanding Haque’s regional footprint in the Alexandria, VA. marketplace. This unit is his sixth with Roy Rogers.
“I was looking to grow my portfolio in an existing market, to tap into a..
Kroger Responds After FTC Decision to Block Albertsons Merger
On Monday news broke that the Federal trade Commission (FTC) would be challenging Kroger’s acquisition of Albertsons. The FTC said that the potential merger would “eliminate competition and raise grocery prices for millions of Americans, while harming tens of thousands of workers.” Now, Kroger has responded.
“Kroger’s business model is to take costs out of the business and invest in lowering prices for customers,” the company stated. “Kroger has reduced prices every year since 2003, resulting in $5 billion invested to lower prices and a 5% reduction in gross...
UK's M&S to Raise Store Workers' Pay By 10.1%
British clothing and food retailer Marks & Spencer said on Tuesday it would give around 40,000 store workers a 10.1% pay increase from April 1, a move that reflects the rise in the government-mandated minimum wage.
M&S said customer assistants will see their pay rise from 10.90 pounds ($13.83) an hour to 12 pounds an hour - ahead of the government's national living wage, which will increase by 9.8% to 11.44 pounds an hour, taking effect from April.
The pay rise will be noted by the Bank of England...
Missouri Prime Beef Packers to Close Processing Plant in April
In a Worker Adjustment and Retraining Notification (WARN) notice to the state Monday, Missouri Prime Beef Packers announced it will close its processing plant in Pleasant Hope, Missouri due to unforeseeable business circumstances.
The plant will close on April 26, 2024, resulting in the termination of 335 full-time employees. The bulk of layoffs will impact fabrication staff. The closure may be permanent or temporary, added yesterday's letter.
Operations at the Missouri Prime plant officially started in March 2021. The 100,000-square-foot facility was...
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ANALYSIS: Inside Rounds Witness Post-Valentine's Bump to Highest February Price in Decades
Inside rounds have become one of the highlights within the boxed beef market during what is typically a seasonally dull period. The strength comes after what was a tremendous fall in pricing to end 2023. In October of last year, inside rounds reached a peak of $3.63/lb., before dipping all the way to $2.63/lb. at the onset of 2024. As of February 22, inside rounds sit at $3.18/lb., the highest level seen in the month February since...
Pilgrim’s Pride Reports Profitable Year-End Results in 2023
During 2023, commodities were exceptionally volatile as markets began at near record lows given supply and demand imbalance and availability of other proteins combined with unsettling consumer sentiment. Throughout the year values gradually returned to more seasonal levels, while cost inflation remained elevated compared to historical standards.
“While our business faced a unique set of challenging conditions in 2023, we persevered as our team members maintained a leadership mindset and elevated their focus and execution of our strategy. As a result, we demonstrated an ability to drive profitable growth even under the most difficult circumstances as our sales and adjusted EBITDA strengthened throughout the year and showed increased momentum as we entered 2024,” said Fabio Sandri, Pilgrim’s CEO.
In the 4th quarter, the U.S. portfolio continued to...
The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2023
The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2023, which ended on January 2, 2024.
Total revenues were $877.0 million in the fourth quarter of fiscal 2023 compared to $892.8 million in the fourth quarter of fiscal 2022. The fourth quarter of fiscal 2023 included 13 weeks compared to 14 weeks in the fourth quarter of fiscal 2022. Excluding the impact of the additional week in fiscal 2022, which contributed approximately $78.4...
Mars and Unreasonable Group Announce Unreasonable Food™ To Transform Sustainability
Through its snacking division, Mars and Unreasonable Group today announced the beginning of a three-year partnership: Unreasonable Food™. Unreasonable Food seeks to become the world's premier global initiative focused on supporting rapid growth companies positioned to re-define our food systems - ensuring a more regenerative, inclusive, and equitable future of food for all.
This partnership will support the Mars Net Zero Roadmap and Mars Snacking's sustainability journey, while also delivering a more agile and forward-looking snacking business for Mars, dedicated to serving a just and sustainable...
USDA Under Secretary Alexis Taylor to Lead Historic Native Nations Agribusiness Trade Mission
U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor will lead an historic agribusiness trade mission to Vancouver, British Columbia, Canada, from June 17-20, 2024. This USDA mission will be the first of its kind, specifically highlighting products made and produced by tribal agribusinesses.
USDA is excited the trade mission will highlight the reinvigoration of historic agricultural trade networks amongst Native Nations across the United States and Canada. Participants will be tribal producers with the Made/Produced by American Indians...
USDA and University of Georgia Break Ground on New Agriculture Research Facility in Tifton, Georgia
The U.S. Department of Agriculture’s Agricultural Research Service (ARS) and the University of Georgia (UGA) College of Agricultural and Environmental Sciences (CAES) hosted a groundbreaking ceremony today for the new state-of-the-art research facility housing the Southeast Watershed Research Laboratory and the Crop Genetics and Breeding Research Unit.
This new research facility will include a new 31,000 square foot building on the UGA Tifton campus. ARS and university employees’ research will advance climate-smart agricultural research ranging from water resources...
Campbell Names Anthony Kyles Chief Customer Officer of Meals & Beverages
Campbell Soup Company today announced the appointment of Anthony Kyles as Chief Customer Officer, Meals & Beverages, effective March 4, 2024.Kyles will lead the U.S. retail sales team for Campbell’s soups, meals, sauces and beverages, driving growth across the Meals & Beverages division with the company’s retail customers. He will be responsible for profitably growing an iconic portfolio of brands, including Campbell’s, Chunky, Pacific Foods, V8, Prego, Pace, Swanson and SpaghettiOs. He will join the Campbell Leadership Team and will report to Mick Beekhuizen, Campbell’s Executive Vice President and President, Meals &...
ANALYSIS: Lighter Cattle Weights and Reduced Output Pull YTD Beef Production Lower
The impact of last month’s winter storms across the U.S. is illustrated in average cattle weights, which have dropped precipitously since the start of the year.
The latest USDA data indicated dressed steer weights at 909 pounds, up 1 pound from last year but 3 pounds below the week prior. Steer weights started the year at 937 pounds, a seasonal all-time high. Average dressed heifer weights were reported at 827 pounds, up 2 pounds from the week prior but 6 pounds under 2023 and down 24...
US Foods CHEF’STORE Continues Steady Growth With Five New Store Openings Planned in 2024
US Foods Holding Corp. (NYSE: USFD) – one of America’s leading foodservice distributors – announced today its plan to open five new CHEF’STORE® locations in 2024. The new stores will be in Beaverton, Ore.; Hampton, Va.; Hickory, N.C.; Sandy Springs, Ga.; and Virginia Beach, Va. The new locations are expected to open in the second half of 2024. CHEF’STORE offers a one-stop-shop for restaurant operators, food industry professionals, community groups and at-home chefs to quickly stock up or replenish ingredients and...
New Industry Resource Captures Culinary Evolution of the Caribbean
Developed in collaboration with local food scholars and regional chefs, the textbook is a go-to resource for educators and foodservice professionals
Honoring island traditions and promoting regional variations of local dishes are at the heart of a new USMEF marketing program to incorporate U.S. beef and pork into culinary communities throughout the Caribbean islands.
“The culinary histories of the islands are fascinating and ever-evolving,” says USMEF Caribbean Representative Elizabeth Wunderlich. “But there are no resources available that capture the multi-cultural influences...
CMC, COMECARNE & Meat Institute Sign Joint Statement of Coordination
To deepen meat industry coordination and government collaboration in Canada, Mexico and the United States, the Canadian Meat Council (CMC), Consejo Mexicano de la Carne (COMECARNE), and the Meat Institute signed a Memorandum of Understanding (MOU) that formalizes the three associations’ ongoing work to improve trade, reduce regulatory barriers and enhance information exchange within North America. The organizations also finalized a Joint Statement of Coordination that emphasizes their collective commitment to addressing foreign animal diseases, sustainability and non-tariff trade barriers.
The MOU and Joint Statement were shared during COMECARNE’s...
Kraig Westerbeek Named President, Smithfield Hog Production
Smithfield Foods has named Kraig Westerbeek as president of its hog production operations effective Feb. 29, reporting to President and Chief Executive Officer Shane Smith.
“Kraig has been an extremely valuable asset to Smithfield Foods throughout his career,” said Shane Smith, chief executive officer for Smithfield. “His extensive experience in our hog production division has helped keep Smithfield on the forefront of our industry, and I look forward to his continued leadership.”
Westerbeek brings more than 30 years of industry experience to his new role...
ANALYSIS: A Seasonal Snapshot of Christmas and Easter's Boost to Lamb Leg Sales
As Easter approaches, the demand for lamb legs in retail stores noticeably rises, spurred by holiday traditions. Consumers, particularly those of the Catholic faith, often buy lamb legs for Easter as a symbol of renewal. Similarly, lamb is a popular choice during Christmas for some households. This trend leads to a significant uptick in both discounted and non-discounted sales at the retail level, highlighting the cultural impact of these occasions on the protein markets. To meet this surge in demand, suppliers and retailers diligently ensure an...
ANALYSIS: A Closer Look at Formula vs. Negotiated Sales in the Boneless Beef Segment
In the domestic boneless beef sector, it is widely acknowledged that a significant volume of trade is conducted through formula pricing agreements. This analysis delves into this phenomenon, utilizing the volume reported by the USDA of fresh 50% lean trim as an example.
The chart above illustrates that, for the week ending 2/16/2024, 86.57% of the fresh 50% lean trim traded was priced through formulated agreements. To break this down, out of the total trade volume of 19.28M lbs.,16.69M lbs...
ANALYSIS: UK Beef Fillet and Sirloin Prices Firm as Cattle Tightens
The fillets and sirloin markets continue to experience upwards pricing pressure since the beginning of the year. The largest contributing factor is thin inventories due to a tight cattle supply.
While foodservice suffered a lacklustre start of year as the ongoing cost of living pressures discourage consumers from dining out, demand from the retail sector remains strong.
Markets for PGI & UTM sirloins have been moving higher over the last four weeks. UTM whole striploins are seeing some trades at values as...
The Retail Rundown: Finalizing February’s Features
Retailers are finalizing their February features while actively preparing for spring demand, which is bolstered by seasonal factors like warmer weather along with holidays including St. Patrick’s Day and Easter.
Retail features are shifting from red meat and poultry towards seafood as Lenten observers begin the 40 days of fasting and reduced meat consumption.
The seafood complex continues to hold the top spot within total protein features, accounting for 37% this week. Beef follows with 21% of retail buying opportunities, while pork closes in at 19%. Chicken claims almost 16% of ad space, nearly...
Fogo de Chão Celebrates the Return of the Porterhouse to the Churrasco Experience for a Limited Time
Fogo de Chão, the internationally-renowned restaurant from Brazil, invites guests to indulge in the premium Porterhouse cut as it returns to the Full Churrasco Experience for a limited time starting today at all U.S. locations, including Puerto Rico. The Porterhouse is an indulgent cut that includes both a New York Strip and Filet that is cooked bone-in, and served sliced tableside, delivering a juicy and rich flavor with every bite. Fire-roasted and seasoned with rock salt, the Porterhouse adds...
Ahold Delhaize USA Names Marc Stolzman Chief Sustainability Officer
Ahold Delhaize USA today announced that Marc Stolzman has been named the Chief Sustainability Officer for Ahold Delhaize USA, reporting to JJ Fleeman, CEO of Ahold Delhaize USA. In this role, Marc will oversee all aspects of health and sustainability for the U.S. businesses, including strategy and goal setting, in alignment with Ahold Delhaize global sustainability ambitions and commitments, as well as all U.S. regulatory, compliance and financial reporting.
“As one of the largest food retailers on the East Coast, we are committed to being a sustainable retailer...
Kinzie Capital Partners Announces the Acquisition of Arctic Industries
Kinzie Capital Partners LP (“Kinzie”), a Chicago-based private equity firm, announces the acquisition of Arctic Industries (“Arctic” or the “Company”), a national manufacturer and distributor of temperature control and cold storage solutions. The transaction, completed in partnership with Arctic’s management, marks an exciting new chapter for the Company as it sets the stage for further market expansion throughout the country.
Founded in 1981, Arctic operates through two business groups, Arctic’s walk-in group serving the foodservice and industrial markets with custom designed walk-in coolers and freezers and Store...
Restaurant Brands International Inc. Introduces Five-Year Growth Outlook
Restaurant Brands International Inc. Chief Executive Officer, Josh Kobza, and Executive Chairman, Patrick Doyle, today shared their confidence in the long-term global growth outlook for Tim Hortons, Burger King, Popeyes and Firehouse Subs.
Mr. Kobza provided guidance for investors that the company expects to achieve a minimum of 40,000 restaurants, $60B in system-wide sales and $3.2B in Adjusted Operating Income by 2028 by delivering average annual results over the next five years of 3% plus comparable sales...
FEATURED STORIES
ANALYSIS: January Chicken Exports Off to a Strong Start