Rabobank's Global Protein Outlook for 2020

In 2020, global animal protein faces an uncertain world, but opportunities can still be found. African swine fever dominates the outlook, having generated unprecedented change in 2019 – and we expect more in 2020. Trade disputes and sustainability are other notable challenges in the global animal protein complex. But there are also opportunities in global animal protein, such as recovery from ASF, winning on sustainability, and investing to secure ongoing trade flows.

Global Summary

African swine fever (ASF) overwhelms the outlook for 2020 – as it has done during 2019 – and will pull down overall growth, as well as bring uncertainty to...

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Rabobank's Global Protein Outlook for 2020

In 2020, global animal protein faces an uncertain world, but opportunities can still be found. African swine fever dominates the outlook, having generated unprecedented change in 2019 – and we expect more in 2020. Trade disputes and sustainability are other notable challenges in the global animal protein complex. But there are also opportunities in global animal protein, such as recovery from ASF, winning on sustainability, and investing to secure ongoing trade flows.

Global Summary

African swine fever (ASF) overwhelms the outlook for 2020 – as it has done during 2019 – and will pull down overall growth, as well as bring uncertainty to...

Full Story »
Nov 13 9:12 AM, General News



NPD Group Releases Report on Eating Patterns in America 

A burger has held the crown as the top food ordered at U.S. restaurants for decades, but this year that burger may well be a plant-based burger, according to this year’s edition of The NPD Group’s Eating Patterns in America, which is an annual compilation of the company’s daily tracking of U.S. consumption behavior. U.S. consumers may appear to be creatures of habit in their eating patterns but the foods they eat today have a modern twist that is influenced by a host of factors like ethnicity, age/generational group, and health/social consciousness.

“For 34 years The NPD Group has been tracking eating patterns in America and from a topline view many of the same foods are being consumed today as they were...

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Nov 13 10:25 AM, General News


Nov 13 9:16 AM, Urner Barry Video

Amazon to Grow Beyond Limitations of Whole Foods-Prime Now Relationship;
Harbor Seafood Won Award at US Foods' Supplier of the Year Awards;
Sponsored by Obsono’s Market Insight Report
If you cannot see this video, please click here
 
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Deloitte Study: The Future of Fresh

Key takeaways

  • Over the last two years, two-thirds of consumers increased spending on the fresh food category.
  • Over 60% of consumers spend up to 30% of their average monthly grocery budget on this category.
  • Price is one of the most important considerations of fresh food purchases, with 92% of consumers citing cost as an important aspect in their purchasing decisions.
  • Eighty percent of consumers actively seek healthier versions of the food they purchase and 77% avoid preservatives and chemicals in their food.
    When purchasing perishables...
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Nov 13 2:41 PM, General News


Sysco Acquires Hawaii-Based Armstrong Produce and Kula Produce

Sysco Corporation today announced it has acquired Armstrong Produce and Kula Produce, Hawaii-based broadline fresh produce wholesalers and distributors with approximately $155 million in combined annual revenue. The acquisitions will operate as part of FreshPoint, Sysco’s specialty produce company.

Armstrong Produce was founded in 1979 and has grown from a small family-run wholesale business into Hawaii’s leading produce wholesaler and distributor. With operations in Honolulu, Kona and Kahului, the company supplies a wide range of customers, from local chefs to retailers, with fresh produce daily. Armstrong Produce and Kula Produce are sister companies.

“Armstrong Produce and Kula Produce have been providing quality service and produce to...

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Nov 13 9:22 AM, General News


ANALYSIS: Biggest Single-Day Advance Seen in Imported Beef Market Ever

U.S. wholesale prices for 90% boneless beef just saw their largest single-day advance rising $10/cwt in one day. While values remain short of the $301/cwt record price set in September of 2014, the pace of advance is nothing short of remarkable...

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Nov 12 12:46 PM, Urner Barry

Chipotle Extends Carne Asada Into Early 2020

Chipotle Mexican Grill announced that it will be extending its new menu addition, Carne Asada, through the end of the year and into the first quarter of 2020. Originally introduced as a limited time offer, this premium protein continues to exceed the brand's expectations and drive new customer acquisitions. Offering responsibly raised beef with no antibiotics or added hormones that meets its food with integrity standards can sometimes limit options for supply; however, Chipotle sourced additional premium cuts of steak to season with fresh squeezed lime and finish with hand-chopped cilantro and a blend of signature spices to satisfy customer cravings.

Known for its animal welfare standards, Chipotle understands the connection between how food is raised and prepared and how it tastes. It makes an extra effort to partner with farmers, ranchers, and...

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Nov 12 10:07 AM, General News


Technomic’s Take: 2020 Canada Trends

Chillier weather and holidays on the horizon signify a special time for Technomic: the coming year’s foodservice trend predictions. Our 2020 trends—which touch on menu, operations and labour—reflect today’s biggest cultural, governmental and consumer shifts impacting macro industry trends. Operators and suppliers need to understand how and why macro trends such as health, sustainability, technology and employee engagement are changing in order to succeed in today’s highly competitive foodservice arena. Read ahead for Technomic’s expert predictions of the trends that will have the greatest impressions on foodservice in 2020.

Marine Eats

Operators will shine a light on aquatic-based ingredients in a plethora of new ways. Not only will restaurants continue to highlight less familiar seaweeds, algae and sea plants, including...

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Nov 12 9:46 AM, General News


Tyson Foods Reports Fourth Quarter and Fiscal 2019 Results

Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:

Fiscal 2019 Highlights

  • GAAP EPS of $5.52, down 33% from record prior year (prior year included a one-time tax benefit of $2.71)
  • Adjusted EPS of $5.46, down 11% from record prior year
  • GAAP operating income of $2,827 million; Adjusted operating income of $2,977 million
  • GAAP operating margin of 6.7%; Adjusted operating margin of...
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Nov 12 9:31 AM, General News


Givaudan to Acquire Ungerer

As part of its 2020 strategy to expand the capabilities of its global flavour and fragrance business, Givaudan today announced that it has reached an agreement to acquire Ungerer & Company, the US based Flavour, Fragrance and Specialty Ingredients company.

Headquartered in New Jersey, USA, Ungerer is a leading independent company in the flavour and fragrance specialty ingredients business, most notably in essential oils, which provides a rich palette of predominantly natural ingredients for flavour and fragrance creation, as well as for end customers of such specialties. Ungerer also has an impressive local and regional customer presence for both...

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Nov 12 8:57 AM, General News


Nov 12 8:39 AM, Urner Barry Video

Imports to See Final Tariff Surge of the Year;
ADF&G 2020 Bristol Bay Sockeye Forecast;
Sponsored by The Meat Buyer's Guide Online
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What’s Next for Amazon: Expanding AmazonFresh Beyond Online Grocery and into Brick-and-Mortar Stores

Dropping monthly fees associated with AmazonFresh and instead making it a free benefit for Prime members is not just about reenergizing Amazon’s online grocery service. It suggests that Amazon intends to use the brand to grow beyond the limitations imposed by Whole Foods-Prime Now relationship.

Behind the scenes, Amazon has clearly been trying to figure out how to balance AmazonFresh and Prime Now, its 1-2 hour delivery service. Since acquiring Whole Foods in 2017, Amazon seems to have given Prime Now more attention, leveraging...

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Nov 12 8:20 AM, General News


CHART: Industry Expectations for Weekly Cattle Slaughter

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Nov 11 3:46 PM, Urner Barry


USMEF Elects New Officer Team, Examines Trade Challenges

The U.S. Meat Export Federation (USMEF) concluded its Strategic Planning Conference in Tucson, Ariz., with the election of new officers. Cevin Jones, a cattle feeder from Eden, Idaho, was elected USMEF chair. He succeeds Iowa pork producer Conley Nelson.

“My first involvement with USMEF was when I was marketing chair with the Idaho Cattle Association,” recalled Jones, who along with his brother operates Intermountain Beef, a custom feedlot. “As part of my duties I would go to national conventions where USMEF staff and leadership shared information about their work in international markets. This was a tremendous eye-opener. I valued the importance of export markets then, but value them even more today.”

Jones became president of the Idaho Cattle Association in November 2003, shortly before one of the most disruptive events in the history of the U.S. beef industry...

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Nov 11 9:20 AM, General News


China’s Recovery from African Swine Fever: Rebuilding, Relocating, and Restructuring

African swine fever (ASF) has already caused huge herd losses and led to soaring pork prices in China in 2019. We believe the disease will continue to spread in the country in the coming years. However, we expect the pace of herd loss to slow down, due to industry participants’ reactions and policy changes. Restocking will likely take around five years, but hog herd levels may find it difficult to recover to pre-ASF levels.

“In addition to the direct impact on the hog herd, ASF will reshape the development of China’s hog supply chain in the coming years,” according to Chenjun Pan, Senior Analyst – Animal Protein at Rabobank. “During the rebuilding process...

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Nov 11 8:55 AM, General News


Ezzo Sausage Company Recalls Meat Products 

Ezzo Sausage Company, a Columbus, Ohio establishment, is recalling approximately 25,115 pounds of sausage products that may be adulterated with Listeria monocytogenes, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The ready-to-eat sausage products were produced on Oct. 29, 2019, Oct. 30, 2019 and Nov. 5, 2019. This spreadsheet contains a list of the products subject to the recall.

The products subject to recall bear establishment number “EST. 1838A” inside the USDA mark of inspection. These items were shipped to distribution centers in Indiana and Ohio.

The problem was discovered when...

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Nov 11 8:35 AM, General News


Retail Imports to See Final Tariff-Driven Surge of the Year

Imports at the nation’s major retail container ports are expected to see their final surge of the year this month ahead of new tariffs set to take effect in December, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Retailers are highly competitive, but the ability to compete has been challenging this year because of the uncertainty of the trade war and continued tariff escalation,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers are encouraged by reports that China and the United States have agreed to remove at least some of the existing tariffs once a ‘phase one’ deal is signed. We are eager to see concrete evidence that the trade war is coming to an end with...

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Nov 11 8:19 AM, General News


Nov 11 8:14 AM, Urner Barry Video

September Export Volume Steady for Beef, Higher for Pork;
HRI Movers of the Week;
Sponsored by Obsono's Market Insight
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FAT Brands Inc. Reports Fiscal Third Quarter 2019 Financial Results

FAT Brands Inc. today reported fiscal third quarter 2019 financial results for the 13-week period ending September 29, 2019.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are pleased with our performance in the third quarter which included nearly 11% revenue growth and EBITDA growth of over 70%, as we continue to execute our brand acquisition strategy. During the quarter we successfully integrated our latest acquisition, Elevation Burger, which is now running at full synergies. We have built a considerable brand pipeline from which we will acquire synergistic brands to add to our unique platform.”

Wiederhorn continued, “We continue to pursue financing that will lower our cost of capital. To that end, we recently completed the initial closing of our Series B preferred offering...

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Nov 8 10:13 AM, General News


Rastelli Bros., Inc. Recalls Meat Products 

Rastelli Bros., Inc., doing business as Rastelli Foods Group, a Swedesboro, N.J. establishment, is recalling approximately 130,464 pounds of raw ground beef products that may be contaminated with extraneous materials, specifically plastic, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The raw ground beef items were produced from Oct. 3, 2019 through Oct. 15, 2019. The following products are subject to recall...

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Nov 8 9:24 AM, General News


Cargill Opens a Culinary Experience Hub in Belgium

Cargill has opened a Culinary Experience Hub in its research & development site (R&D) in Vilvoorde, Belgium. Customers from across the EMEA (Europe, Middle East and Africa) region are invited to solve their food formulation challenges and co-create new ingredients and recipes alongside Cargill’s food experts. The facility features a bakery pilot plant, a regional frying center and a culinary tasting area with capabilities for dairy, beverage, bakery, convenience foods and culinary applications.

Vilvoorde is one of Cargill’s first culinary experience centers. The center is specialized in research and development into new food ingredients and recipes, as has a professional chef, who works with customers to either adapt existing products to evolving consumer demands, or to develop new products from...

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Nov 8 9:18 AM, General News


Nov 8 9:08 AM, Urner Barry Video

National Pork Board Defines China’s Protein Need;
Chicken Price Check: Feeling the Pressure;
Sponsored by Urner Barry's Prospector
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McDonald's USA Signs Large-Scale Virtual Power Purchase Agreements

McDonald's announced the signing of two long-term, large-scale virtual power purchase agreements (VPPAs), whereby McDonald's will buy renewable energy generated by Aviator Wind West, a wind power project located in Coke County, Texas and a solar project located in Texas. The combined 380MW in renewable energy expected to be generated from McDonald's contribution to these projects will help to prevent over 700,000 metric tons of carbon emissions each year, which is equivalent to planting more than 11 million trees or taking over 140,000 cars off the road for one year. Additionally, the energy generated by these U.S. projects will be equivalent to over 2,500 restaurants-worth of electricity.

In March 2018, McDonald's became the first restaurant company in the world to set a greenhouse gas (GHG) emissions target approved by the Science Based Targets initiative (SBTi). These two U.S. renewable energy projects will...

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Nov 8 8:20 AM, General News


September Beef Export Volume Steady with 2018; Pork Exports Higher Year-over-Year

September exports of U.S. beef were steady with last year in volume but export value trended lower, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports were above year-ago levels in September but pulled back from the large totals posted in June, July and August.

September beef exports totaled 109,799 metric tons (mt), essentially even with last year, valued at $661.3 million (down 4%). Through the first three quarters of the year, beef exports were 2% below last year’s record pace in both volume (991,325 mt) and value...

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Nov 8 8:19 AM, General News


Dean Banks Named President of Tyson Foods

Tyson Foods, Inc. today announced that its board of directors has named independent director Dean Banks, 46, president of the company, effective December 20, 2019. Noel White, 61, currently president and chief executive officer, will continue as CEO. In his new role, Banks will report to White and oversee the company’s business segments. Banks will remain a member of the Tyson Foods board and will be considered a non‐independent director.

Banks brings deep leadership experience and a background in entrepreneurship, innovation and technology to Tyson Foods. He joins the Tyson Foods enterprise leadership team from X, an Alphabet Inc. company (formerly known as Google [x]), where he has been a member of the leadership team since 2016 and started and led multiple projects.

John Tyson, chairman of the board of directors, said, “I have gotten to know Dean well over the past several years, particularly during his two years on our board, where he...

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Nov 7 12:04 PM, General News


Performance Food Group Reports First-Quarter Fiscal 2020 Results

Performance Food Group Company announced its first-quarter fiscal 2020 business results.

“I am pleased with our first-quarter results driven by double-digit EBITDA growth in our Foodservice and Vistar segments,” said George Holm, PFG’s President & Chief Executive Officer. “Vistar continued to deliver strong top and bottom-line results fueled by broad-based growth across its sales channels. Our Foodservice segment generated 13% in EBITDA growth driven by its customer-centric focus and its continued strategic investments in people and technology. Based on our strong start to the year, we are pleased to increase our full-year Adjusted EBITDA and Adjusted Diluted EPS outlook.”

First-Quarter Fiscal 2020 Financial Summary

Total case volume increased 10.7% for the first quarter of fiscal 2020 compared to the prior year period, with underlying organic growth of 3.2%. Total case volume included Eby-Brown Company, LLC (“Eby-Brown”), a 5.6% increase in...

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Nov 7 10:08 AM, General News


NPPC Launches 'Pork O' Clock' to Highlight Importance of USMCA Agreement 

Today, the National Pork Producers Council (NPPC) launched a dynamic new campaign, “It’s Pork O’ Clock Somewhere,” to highlight the importance and benefits of the U.S.-Mexico-Canada (USMCA) trade agreement. The campaign focuses on pork and the many ways it’s enjoyed across North America.

“Ratification of USMCA is the top priority for U.S. pork producers and there is no better way to highlight its importance than a campaign that illustrates how pork is enjoyed across United States, Canada and Mexico,” said David Herring, NPPC president and a pork producer in Lillington, N.C. “A USMCA agreement provides much-needed market certainty for U.S. pork producers, ensuring...

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Nov 7 9:46 AM, General News


Corbion and Nestlé Partner on Development of Microalgae-Based Ingredients for Plant-Based Products

Corbion and Nestlé have entered into a joint development agreement to develop a next generation platform of algae-based ingredients rich in protein and micronutrients that can deliver sustainable, great-tasting, highly nutritious products.

The agreement will combine Corbion’s microalgae and fermentation capabilities with Nestlé’s expertise in the development of plant-based products. The aim of the joint development agreement is to establish a platform for the production and commercialization of algae-based ingredients rich in protein and micronutrients. The research will work to further develop the functionality, taste, and nutritional profile for use in...

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Nov 7 9:13 AM, General News


Roquette and Yili Sign a Strategic Cooperation Agreement

Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets, and Inner Mongolia Yili Industrial Group Co., Ltd., one of the largest dairy companies in Asia, signed today a long-term strategic cooperation agreement at the Great Hall of the People in Beijing.

Mr. Pan Gang, Board Chairman and President of Inner Mongolia Yili Industrial Group Co., Ltd. and Mr. Edouard Roquette, Chairman of the Board of Roquette, signed the agreement during an economic forum hosted by the Chinese President Xi Jinping and the French President Emmanuel Macron.

The contract covers the purchase of Roquette products from Yili in the next three years, and reinforces the already existing business relationship of both leading companies in Chinese Food markets. Roquette and Yili will...

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Nov 7 9:04 AM, General News


There’s Still Time to Book Your Spot at Feed Additives America in Miami!

We’re going to Miami! It’s the final days before the much-anticipated Feed Additives Americas event—and there’s still time to secure your spot if you act fast!

Join us at the InterContinental at Doral Miami, November 13-15th, as FeedInfo hosts this exclusive event. Focusing on disruptors to the industry, challenges of feed additive producers and users, emerging innovations and opportunities, the Feed Additives Americas conference features deep insights and analysis to help you formulate your business strategy.

With over 35 sessions with leading experts and prime networking opportunities, this is a must-attend event for anyone dealing in feed additives, including producers, farms, premix companies, members of academia, consultants, and more! Plus, there are...

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Nov 7 8:32 AM, FeedInfo


Nov 7 8:31 AM, Urner Barry Video

Meat Alternatives Market to Grow Globally;
Turkey Price Check Looking Up;
Sponsored by COMTELL's Phone App
If you cannot see this video, please click here
 
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Sysco Announces 2019 Corporate Social Responsibility Report

Sysco Corporation, the leading global foodservice distribution company, announced today it has published its 2019 Corporate Social Responsibility (CSR) Report, documenting the company’s progress toward the 2025 CSR goals established in 2018. Sysco’s CSR strategy focuses on three key areas: people, products and planet, with the objective of Delivering A Better Tomorrow. This strategy sets a clear path for the future and demonstrate the company’s continued commitment to caring for people, sourcing products responsibly and protecting the planet.

“As we celebrate Sysco’s 50th anniversary this fiscal year, we understand the importance of a strong CSR strategy that is focused on finding systemic solutions and...

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Nov 7 8:23 AM, General News


Kroger Debuts New Logo and Launches Brand Transformation Campaign

The Kroger Co. debuted today its new logo and brand transformation campaign, celebrating its love of all customers and associates, food-first culture and long history as America's favorite grocer.

"Kroger's new brand launch is a unifying framework for our seamless shopping experience that is designed to deepen our connection with customers and associates today and into the future, support our business transformation and provide an elevated creative approach," said Mike Donnelly, Kroger's executive vice president and chief operating officer. "Kroger chose Fresh for Everyone as our leading brand message because it is inclusive, clear and memorable and supports our vision of serving America through food inspiration and...

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Nov 7 8:22 AM, General News


Papa John’s Strengthens and Streamlines Management Team

Papa John's International, Inc. today announced a new, more streamlined senior management team, with additions to the team as well as promotions and expanded roles for key leaders. The updated management structure aligns with the company’s new strategy and priorities.

“After two months as CEO, I’m more excited than ever by the dedication, drive and resilience of Papa John’s team members and franchisees. Today I’m announcing a new management structure that will be the foundation on which we build our future,” said Rob Lynch, President and Chief Executive Officer. “As we introduce a more focused plan and strategic priorities for the company, we are realigning Papa John’s senior management, promoting leaders within the company and adding proven talent. The strong, streamlined team has more clearly defined responsibilities and...

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Nov 7 8:22 AM, General News


National Pork Board Study Defines China’s Growing Need For Protein

A new report from the National Pork Board digs into the growing short- and long-term protein needs facing China and how U.S. pork can position itself to meet that demand. The new report, Pork 2040: China Market Assessment, also reveals the impact that African swine fever (ASF) is having on both China’s short- and long-term protein needs and how the Chinese pork industry and supply chain will change as a result.

The research study was conducted by Gira, a global research firm, using Pork Checkoff dollars and funds from the U.S. Department of Agriculture Foreign Agricultural Services Emerging Markets Program (EMP). It outlines critical insights that exporters of U.S. pork can use now to position themselves for long-term success in the...

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Nov 7 8:21 AM, General News


Verde's Growth Continues with Opening of Processing Facility

Verde Farms announces today the opening of its own processing facility in Mullica Hill, NJ. Marking a major milestone for the company, the opening signals Verde's enhanced capability to process its premium products in-house, while also offering advanced processing services to a select number of specialty meat customers. Following ongoing market growth and expansion of robust customer support services, the new facility underscores Verde Farms' position in grass-fed beef.

In its USDA Organic and level 2 SQF-certified facility, Verde will now process both frozen and fresh material into a variety of vacuum-packed products using the latest state-of-the art, highly-automated process and packaging equipment.

"Opening our own processing facility emphasizes our foundational commitment to offer the highest-quality products, while...

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Nov 6 11:37 AM, General News


Kerry Group Reports Financial Results for the Third Quarter 

Kerry, the global taste & nutrition and consumer foods group, issues the following Interim Management Statement for the nine months ended 30 September 2019.

Q3 YTD Key Highlights

• 3.1% growth in business volumes
— Taste & Nutrition +3.9%
— Consumer Foods -0.7% (excluding contract exit +0.6%)
• Pricing -0.1%
• Reported revenue +10.0%
• Group trading margin +20bps
— Taste & Nutrition +20bps...

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Nov 6 11:30 AM, General News


Papa John’s Announces Third Quarter 2019 Results

Papa John’s International, Inc. today announced financial results for the three and nine months ended September 29, 2019.

Highlights

  • Third quarter 2019 loss per diluted share of ($0.10) as compared to third quarter 2018 loss per diluted share of ($0.42)
  • Excluding Special items, adjusted earnings per diluted share of $0.21 compared to $0.19 for the third quarter of 2018
  • Third quarter system-wide North America comparable sales increase of 1.0%
  • Third quarter international comparable sales increase of 1.6%; international franchise sales increase of...
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Nov 6 10:22 AM, General News


ResearchAndMarkets: Meat Alternatives Market to Grow Globally 

Given the interest in plant-based food and rising number of flexitarians that are looking to reduce meat consumption, there is an ever-growing demand for meat alternatives that can offer texture, flavor, and nutritional profile similar to meat products. Companies are exploring the use of emerging protein sources such as pea protein, chickpea, and other legumes, algae, and mycoprotein for the production of meat substitutes to mimic the mouthfeel and cooking behavior of meat or poultry products.

Pea-based meat substitute products are expected to witness double-digit growth over the 2019-2023 forecast period because of the rising demand for soy-free, non-GMO ingredients, especially in Western markets. Frozen meat alternatives are the dominant product category, but...

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Nov 6 10:09 AM, General News


The Wendy's Company Reports Third Quarter 2019 Results

The Wendy's Company today reported unaudited results for the third quarter ended September 29, 2019.

"We delivered a strong quarter of sales and earnings growth, demonstrating that we are building an even stronger foundation for the Wendy's® brand," President and Chief Executive Officer Todd Penegor said. "We remain relentlessly focused on executing our plan to accelerate same-restaurant sales and drive global restaurant expansion across the globe. We are well positioned to drive growth in 2020 and beyond to achieve our vision of becoming the world's most thriving and beloved restaurant brand, and to become...

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Nov 6 8:58 AM, General News


Red Robin Gourmet Burgers Reports Results for the Fiscal Third 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 quarter ended October 6, 2019.

Third Quarter 2019 Financial Summary Compared to Third Quarter 2018

  • Comparable restaurant revenue increased 1.6% (using constant currency rates), the third consecutive quarter of improved trends;
  • Comparable restaurant guest counts decreased 3.1%;
  • Off-premise sales, including catering, increased 37.3% and comprised 13.2% of total food and beverage sales, including...
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Nov 6 8:48 AM, General News


Nov 6 8:12 AM, Urner Barry Video

Global Pork Prices Continue to Rise;
Protests Continue in Chile While Salmon Reaches Market;
Sponsored by Obsono’s Market Insight Report
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Western Hemisphere Ag Leaders Unite in Support of Science-Based Standards 

U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney issued the following statement following the Inter-American Board of Agriculture’s (IABA) endorsement last week of a resolution emphasizing the need for science-based agricultural regulations to facilitate global agricultural trade.

“We have an opportunity to support the agricultural producers in the Western Hemisphere – and across the world – by committing to science-based standards and policies that ensure the quality and safety of our food while also facilitating international trade. I’m pleased that we’ve come together as neighbors across the hemisphere in support of this resolution, which lays a foundation for continued cooperation that will...

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Nov 5 2:22 PM, General News


National Restaurant Association Unveils its Restaurant Industry 2030 Report

Today the National Restaurant Association, in partnership with American Express and Nestlé Professional, released its 10-year outlook report on the projected state of the restaurant industry in 2030. The report, "Restaurant Industry 2030: Actionable Insights for the Future," examines the key indicators shaping the future of the industry, identifies the most and least likely developments over the upcoming decade, and considers possible disrupters outside the industry that could transform it. The findings are based on input from a variety of restaurant sector experts, futurists, and government statistics.

Key economic projections for 2030 include...

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Nov 5 11:32 AM, General News


Secretary Perdue Leads USDA Trade Mission to Mexico

U.S. Secretary of Agriculture Sonny Perdue will lead a trade mission to Mexico November 6-8 to forge new opportunities with U.S. agriculture’s largest bilateral trading partner and second-largest export market. Currently, Mexico is the number one export market for U.S. corn, dairy, poultry and eggs, sugar and sweeteners, distillers dried grains, and rice. The country also ranks among the top destinations for an assortment of processed foods and beverages, as well as other products including soybeans, beef, pork, wheat, fruits, and vegetables. Agricultural exports from the United States to Mexico totaled $19 billion in 2018, with export growth seeing a 23% increase between 2008 and 2018. These numbers prove opportunity for more trade growth between Mexico and the United States. The Secretary will be joined by Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney and more than...

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Nov 5 10:21 AM, Urner Barry


US Foods Reports Third Quarter Fiscal 2019 Earnings 

US Foods Holding Corp., one of the leading foodservice distributors in the United States, today announced results for the third quarter of fiscal 2019. In this press release we refer to certain organic financial results. Organic financial results exclude contributions during the respective period from the Food Group of Companies (the "Food Group"), which was acquired on September 13, 2019.

Third Quarter Fiscal 2019 Highlights

  • Total case volume increased 3.0%; independent restaurant case volume increased 6.3%
  • Total organic case volume increased 0.9%; independent restaurant organic case volume increased 4.2%
  • Net sales increased 6.1% to $6.5 billion; organic Net sales increased 4.0% to...
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Nov 5 9:40 AM, General News


Padrino Foods, LLC Recalls Beef Tamales Products

Padrino Foods, LLC, an Irving, Texas establishment, is recalling approximately 1,931 pounds of beef tamales because the products may be misbranded, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The products are labeled as beef and sirloin tamales but contain pork product inside the package.

The fully cooked, not shelf stable beef tamales items were produced on May 8, 2019. The following products are subject to recall...

Full Story »
Nov 5 9:33 AM, General News


Nov 5 8:48 AM, Urner Barry Video

McDonald’s Announces Leadership Transitions;
Group of Major Ecuadorian Tuna Producers Responds to EU Yellow Card;
Sponsored by The Meat Buyer's Guide Online
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Shake Shack Announces Third Quarter Financial Results 

Shake Shack Inc. today reported its financial results for the third quarter ended September 25, 2019, a period that included 13 weeks.

Financial Highlights for the Third Quarter 2019 compared to the Third Quarter 2018:

  • Total revenue increased 31.9% to $157.8 million.
  • Shack sales increased 31.5% to $152.4 million.
  • Same-Shack sales increased 2.0%.
  • Licensed revenue increased 43.3% to $5.4 million.
  • Shack system-wide sales increased 35.0% to $239.1 million.
  • Operating income was $8.2 million, or 5.2% of...
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Nov 5 8:34 AM, General News


Pork Quarterly Q4 2019 – Producers Remain Cautious on Expansion as Risks Outweigh Rewards

Global pork prices continue to rise, as protein shortfalls intensify competition for a shrinking supply, according to Rabobank’s Pork Quarterly Q4 2019.

Pork prices have hit record highs in some regions, while trade barriers continue to limit the upside in the US and Canada. prices will continue to increase through Q4 2019 and into 2020, as markets work to balance supply and demand. “Despite rising economic incentives, we expect a limited global production response, as environmental and regulatory constraints, along with the threat of African swine fever (ASF), constrain the industry’s ability to expand,” according to...

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Nov 5 8:21 AM, General News


Blue Apron Reports Third Quarter Results 

Blue Apron Holdings, Inc. announced today financial results for the quarter ended September 30, 2019.

“We delivered third quarter results in line with our guidance as we continue to focus on building for the future and managing the business for sustainable, long-term growth,” said Linda Findley Kozlowski, Blue Apron Chief Executive Officer. “We’re pleased to see the continued strengthening of our customer base with year-over-year improvements in certain key customer metrics in the third quarter. We continue to believe that the potential for Blue Apron remains significant and that with the execution of our strategy, we will achieve our 2020 growth targets.”

“We are pleased to have recently completed the refinancing of our revolving credit facility with our existing lender syndicate which we expect will support the continued execution of our growth strategy,” said Tim Bensley, Blue Apron Chief Financial Officer. “This transaction also...

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Nov 4 11:48 AM, General News


Letter to the Industry: Passing of Steve Brody

The following letter was penned by colleagues from Fancy Foods in regards to the passing of Steve Brody. From all of us here at Urner Barry, we wish Steve's family, friends, and colleagues comfort during this difficult time.

"Dear Colleagues,

It is with great sadness that we inform you of the passing of our comrade, Mr. Steve Brody. Steve served as Director of Purchasing for Fancy Foods Inc. and was a valued member of the Executive Management team for over 2 decades. An incredible asset and industry icon, Steve was always willing to provide a helping hand. His dedication and commitment have been an integral part of our growth and success...

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Nov 4 11:13 AM, Urner Barry


Sysco Reports First Quarter Fiscal 2020 Results

Sysco Corporation today announced financial results for its 13-week first fiscal quarter ended September 28, 2019.

First Quarter Fiscal 2020 Highlights

  • Sales increased 0.6% to $15.3 billion
  • Gross profit increased 1.4% to $2.9 billion; gross margin increased 15 basis points
  • Operating income increased 6.4% to $668.3 million; adjusted¹ operating income increased 7.3% to $741.9 million
  • EPS increased $0.06 to $0.87; adjusted¹ EPS increased $0.08 to $0.98

“We saw improved financial results in the first quarter with adjusted operating income growth that was...

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Nov 4 9:54 AM, General News


Symrise Successfully Closes Acquisition of ADF/IDF

Symrise AG today announced that it has successfully completed the acquisition of ADF/IDF, a leading U.S. meat and egg-based protein specialist and pioneer in all-natural nutrition ingredients. The acquisition has been cleared by the Antitrust Division of the U.S. Department of Justice (DOJ). Symrise will now begin the process of integrating ADF/IDF. With its comprehensive portfolio of solutions for the food and pet food industries, ADF/IDF will complement the Nutrition portfolio with a highly diversified range of natural based solutions.

"We very much look forward to teaming up with ADF/IDF given our shared focus on innovation and meeting customer needs. Together, we will work to continue expanding our diverse solutions portfolio using the highest quality natural ingredients. Our combined reach will allow us to expand...

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Nov 4 8:57 AM, General News


Nov 4 8:57 AM, Urner Barry Video

Nielsen Releases Retail Trends for 2020 and Beyond;
HATCH Shrimp Farming Technology Report;
Sponsored by Obsono's Market Insight
If you cannot see this video, please click here
 
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Cargill Opens Addition to Texas Facility, Expanding Feed Production

Cargill has opened a $34M expansion of its Animal Nutrition & Health facility in Temple, Texas. Construction of the 70,000 square foot addition for manufacturing, packaging, warehousing and shipping capabilities began in January 2018 and was completed in August 2019.

The Temple, Texas facility is optimally located to serve Cargill’s farm and ranch feed store owners and beef feed customers with reduced transportation costs for local customers and increased manufacturing capabilities.

"The investment in Temple is about serving our customers and supporting the growing Texas farm and ranch feed store and beef feed markets,” said Daryn Kracht, managing director Cargill Animal Nutrition North America. “We are thrilled to be able to...

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Nov 4 8:51 AM, General News


Nielsen Releases Retail Trends for 2020 and Beyond

When considering consumers' demands and combining them with advances in technology, it comes as no surprise that 2020 will represent an inflection point for trust and transparency, causing successful manufacturers and retailers to leverage tools such as artificial intelligence to put consumer concerns first. Nielsen has peered into the future for U.S. manufacturers and retailers, claiming that the next retail revolution is on the horizon, forever shifting how consumers will search for and purchase items.

According to Nielsen, consumers will place increased pressure on manufacturers to produce locally, import fewer goods, and keep costs down. The report states that 48% of consumers feel that local ingredients, manufacturing, or...

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Nov 1 12:17 PM, Urner Barry


Aramark Celebrates National Sandwich Day with New Items

Aramark, the award winning food and hospitality partner of 10 NHL and NBA teams, is celebrating National Sandwich Day, November 3, 2019, with a vibrant selection of new sandwiches at the eight arenas it serves.

Super Sandwiches

  • 1st Street Jalapeno Fried Chicken Sandwich (SAP Center) - Crispy honey glazed chicken thigh, herb cheese spread, lettuce, bacon, Sriracha mayonnaise, on a brioche bun.
  • Braised Short Rib Sandwich (Capital One Arena) - Braised short rib, house pickled coleslaw, on a brioche bun.
  • Chicken Cutlet Sandwich (Wells Fargo Center) - House made chicken cutlet, sharp provolone, broccoli rabe, on...
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Nov 1 11:41 AM, General News


Nov 1 9:17 AM, Urner Barry Video

Dining Occasions Impact Consumer Decisions;
China Trade Talks Suggest Light at the End of Tunnel for Chicken;
Sponsored by Urner Barry's Prospector
If you cannot see this video, please click here
 
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Ruth’s Hospitality Group, Inc. Reports Third Quarter 2019 Financial Results

Ruth’s Hospitality Group, Inc. today reported unaudited financial results for its third quarter ended September 29, 2019.

Highlights for the third quarter of 2019 were as follows:

  • Total revenues in the third quarter of 2019 increased 4.0% to $103.0 million compared to $99.0 million in the third quarter of 2018.
  • Net income in the third quarter of 2019 increased 25.7% to $4.5 million, or $0.16 per diluted share, compared to net income of $3.6 million, or $0.12 per diluted share, in the third quarter of 2018...
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Nov 1 9:03 AM, General News


Postmates Partners with Dine Brands to Provide On-Demand Delivery

Postmates, the leader in enabling anyone to get nearly anything on-demand, announced today that is has partnered with Dine Brands (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants. Postmates customers can now order from both of these restaurants in the more than 3,500 cities that the company operates in.

"Both Applebee's and IHOP are very popular on the Postmates platform," said Craig Whitmer, VP, Merchant Business Development, Postmates. "We are thrilled to provide customers access to these restaurants in the 3,500+ cities we operate in and as we near the busy holiday season, there is no better time to Postmate It."

From the outset of the partnership, Postmates and Dine Brands will integrate delivery orders directly into...

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Nov 1 8:22 AM, General News


Dunkin' Brands Reports Third Quarter 2019 Results

Dunkin' Brands Group, Inc., the parent company of Dunkin' and Baskin-Robbins (BR), today reported results for the third quarter ended September 28, 2019.

"We delivered a strong third quarter with positive comparable store sales growth across all four of our business segments, including Baskin-Robbins best quarterly sales results in the U.S. since the fourth quarter of 2017. Dunkin' U.S. performance was led by strength in premium beverages such as espresso and cold brew, along with sales of breakfast sandwiches driven by the success of our national Go2s value platform. We also rolled out two new features in our Dunkin' U.S. digital and loyalty platform - guest ordering for Mobile On-The-Go and...

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Oct 31 11:58 AM, General News

Technomic: Off-Premise Occasions Impact Consumers Desire to Try New Flavors 

While consumer demand for flavor innovation is high, Technomic’s 2019 Flavor Consumer Trend Report reveals that consumers’ willingness to try new flavors varies by dining occasion. Consumers are less likely to experiment with flavors when ordering delivery rather than dine-in or takeout. Opportunity exists in offering foods exclusive to specific order formats, such as dine-in or delivery-only menus or free delivery promotions for specific menu items.

“Consumers are already hesitant to pay for something they might not like when trying new dishes, and the added cost of delivery simply exacerbates this concern,” explains Charles Winship, manager at Technomic. “Operators may consider bringing more familiar ingredients and...

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Oct 31 9:53 AM, General News


Starbucks Reports Q4 and Full Year Fiscal 2019 Results

Starbucks Corporation today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 29, 2019. GAAP results in fiscal 2019 and fiscal 2018 include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.

“I’m very pleased with our strong finish to fiscal 2019, as we sustained positive momentum across each of our business segments,” said Kevin Johnson, president and ceo. “Our U.S. business delivered 6% comparable store sales growth in the fourth quarter, while China grew comparable store sales by...

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Oct 31 9:25 AM, General News


Kraft Heinz Reports Third Quarter 2019 Results

The Kraft Heinz Company today reported third quarter 2019 financial results that reflected a one-time gain on the sale of the Company's Canadian natural cheese business, lower net sales, and higher input costs.

“While our third-quarter results remain below our potential, we showed sequential improvement versus the first half, and I believe we are beginning to operate the business better,” said Kraft Heinz CEO Miguel Patricio. "We are making good progress in identifying and addressing the root causes of past performance, as well as setting our strategic direction. Although there is still much work ahead, we’re encouraged by our improving performance, and...

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Oct 31 9:05 AM, General News


Oct 31 9:05 AM, Urner Barry Video

Consumer Confidence Edged Down in October;
A New Time For Turkey;
Halloween Spending Expected to Reach Near-Record in 2019
If you cannot see this video, please click here
 
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Vion Invests in a Dedicated Plant-Based Site in Leeuwarden

Vion CEO Ronald Lotgerink announced earlier this year to introduce meat alternatives as part of the company’s strategy of building food chains based on the market demand. Vion is now planning to open a dedicated plant-based site in Leeuwarden (NL).

The market for meat alternatives has been growing over the past few years and it is expected to continue to grow. Next to Vion’s home markets in the Netherlands and Germany, other parts of Europe like the UK, Italy and France are also growing markets for meat alternatives. This is mainly the result of eating habits of so-called flexitarians, who regularly buy these products.

The Vion site in Leeuwarden was built in 2017 and is currently operating as a beef facility. It was built according to the latest standards, which means...

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Oct 31 8:44 AM, General News


NCBA Applauds Introduction of Hours of Service Legislation

The National Cattlemen’s Beef Association today applauded the introduction of bipartisan legislation by U.S. Reps. Angie Craig (D – 2nd Dist., Minn.) and Lloyd Smucker (R - 11th Dist., Penn.) that would provide flexible and common-sense relief from Hours of Service (HOS) rules for agricultural haulers.

The Responsible & Efficient Agriculture Destination (TREAD) Act would ensure that the current Hours of Service exemption that applies to the 150-air-mile radius from the source of an agricultural commodity adds the same 150 air mile radius flexibility to the back end of a trip, or the destination. The bill also clarifies that...

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Oct 31 8:16 AM, General News


Social Media Driving Impressive Halloween Spending

U.S. consumers are using social media to find Halloween inspiration and it is driving near-record spending for the holiday in 2019.

According to the National Retail Federation’s annual survey, shoppers will spend an average of $86.27 on Halloween, just slightly below last year’s record of $86.79. In total that works out to $8.8 billion. That total marks the third-highest mark in the survey’s 15-year industry.

“Spending hasn’t changed much over the past few years, but we are seeing a noticeable increase in...

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Oct 31 8:16 AM, Urner Barry


Dine Brands Global, Inc. Reports Third Quarter 2019 Results

Dine Brands Global, Inc., the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants, today announced financial results for the third quarter of 2019.

“We are pleased with our overall performance. Our business model continues to deliver robust margin expansion and generate significant adjusted free cash flow. IHOP achieved its seventh consecutive quarter of positive sales growth. While Applebee’s faced a difficult comparison against very strong same-restaurant sales in the third quarter of 2018, we are confident in the brand’s strategy that’s in place,” said Steve Joyce, Chief Executive Officer of Dine Brands Global, Inc.

Mr. Joyce added, “We are seeing significant unit growth opportunities as...

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Oct 31 8:15 AM, General News


Yum! Brands Reports Third Quarter Results

Yum! Brands, Inc. today reported results for the third-quarter ended September 30, 2019. Worldwide system sales excluding foreign currency translation grew 8%, with 7% net-new units and 3% same-store sales growth. Third-quarter GAAP EPS was $0.81, a decrease of (42)%. Third-quarter EPS excluding Special Items was $0.80, a decrease of (23)%.

Greg Creed Comments

Greg Creed, CEO, said “Following a very strong first half of 2019 and in line with our expectations, third-quarter results were consistent with our long-term growth model. We delivered system sales growth of 8%, with same-store sales of...

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Oct 30 11:52 AM, General News


Oct 30 9:08 AM, Urner Barry Video

NPD Group: Will Plant-Based Stay or Go?;
Salmon Production Minimal as Holiday Approaches;
Sponsored by Obsono’s Market Insight Report
If you cannot see this video, please click here
 
Full Story »

Maple Leaf Foods Reports Third Quarter 2019 Financial Results

Maple Leaf Foods Inc. today reported its financial results for the third quarter ended September 30, 2019.

Quarterly Highlights

  • Initial quarter with segmented results; meat protein and plant protein each with distinct value creation strategies
  • Sales increased 13.8%, or 5.4% excluding acquisitions, driven by growth in both meat and plant protein businesses
  • Meat Protein Group delivered Adjusted EBITDA margin(1) of 9.0% in erratic markets
  • Plant Protein Group sales grew 30.1%, while maintaining a solid core gross margin of 28.9%, or...

 

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Oct 30 8:53 AM, General News


The Consumer Confidence Index Edged Down in October

The Conference Board Consumer Confidence Index decreased marginally in October, following a decline in September. The Index now stands at 125.9 (1985=100), down from 126.3 in September. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – increased from 170.6 to 172.3. The Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – declined from 96.8 last month to 94.9 this month.

“Consumer confidence was relatively flat in October, following a decrease in September,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “The Present Situation Index improved, but Expectations weakened slightly as consumers expressed some concerns about business conditions and...

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Oct 30 8:21 AM, General News


Emergy Foods Unveils Whole Steak & Chicken Cuts Under New Plant-Based Meat Brand, Meati Foods

Emergy Foods today introduced its new alternative meat brand, Meati Foods, the first in market to produce whole cuts of plant-based meat in the form of steak and chicken breasts. The main ingredient, fermented fungi, or mycelium naturally delivers the taste, texture, and protein profile of meat. The nutrient-dense plant-based meats from Meati Foods are rich in fiber and vitamins found in vegetables and are made with five functional ingredients, without the use of soy, wheat, or pea protein. Meati Foods highly efficient and proprietary process, which is all done in-house, combines traditional methods of fermentation with modern-day knowledge to improve resource use by 1000-fold over conventional methods.

Tyler Huggins, Co-founder and CEO announced, “We are excited by the growth in the plant-based meat category, but are concerned with issues around...

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Oct 30 8:20 AM, General News


Podcast: A Glimpse into the Future, A Look at the COMTELL Redesign

This week we have exciting new updates! Laura interviews Market Reporter and Director Russ Barton on the features of the COMTELL redesign...

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Oct 29 9:41 AM, Urner Barry


Plant-Based Foods: Will They Stay or Will They Go?

The rapid growth of plant-based foods at retail and on restaurant menus has many in the food and foodservice industries questioning if the interest in plant-based food is a passing fad or a long-term trend. A new study by The NPD Group addresses this question and finds that the answer depends on the consumer and their reasons for consuming plant-based foods in the first place.

Millennials, born 1981-1996, are the top consumers of plant-based meat alternatives, finds the NPD study, The Future of Plant-based Snapshot. This generational group has adopted plant-based meat alternatives as a way to indulge sensibly while addressing their long-term health goals and animal treatment concerns. Gen Xers, born 1965-1980, are also a core consumer group of plant-based meat alternatives, and...

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Oct 29 9:19 AM, General News


Beyond Meat Reports Third Quarter 2019 Results 

Beyond Meat, Inc., a leader in plant-based meat, today reported financial results for its third quarter and nine months ended September 28, 2019.

Third Quarter 2019 Financial Highlights Compared to Prior Year Period

  • Net revenues were $92.0 million, an increase of 250.0%;
  • Gross profit was $32.8 million, or 35.6% of net revenues, compared to gross profit of $5.0 million, or 19.2% of net revenues, in the year-ago period;
  • Net income was $4.1 million, or $0.06 per diluted common share, compared to net loss of $9.3 million, or $1.45 per common share in the year-ago period; and...
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Oct 29 9:08 AM, General News


OSI Industries, LLC Recalls Ready-To-Eat Beef Patty Products

OSI Industries, LLC, a Fort Atkinson, Wisc. establishment, is recalling approximately 4,218 pounds of ready-to-eat beef patty products that may be contaminated with extraneous materials, specifically metal, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The frozen, ready-to-eat beef patty items were produced on August 10, 2019. The following products are subject to recall...

Full Story »
Oct 29 9:02 AM, General News


Grubhub Reports Third Quarter 2019 Results

Grubhub Inc., the nation's leading online and mobile food-ordering and delivery marketplace, today announced financial results for the third quarter ended September 30, 2019 and also posted a letter to shareholders on its investor relations website. The Company reported revenues of $322 million, which is a 30% year-over-year increase from $247 million in the third quarter of 2018. Gross Food Sales grew 15% year-over-year to $1.4 billion, up from $1.2 billion in the same period last year.

"Our teams had another strong quarter of execution, adding nearly one million active diners and 15,000 restaurants to our platform," said Matt Maloney, Grubhub founder and CEO. "As we detail in our shareholder letter, we are entering the next phase of growth in the U.S. online food ordering industry where...

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Oct 29 8:58 AM, General News


Oct 29 8:27 AM, Urner Barry Video

Holiday Shoppers to Increase Spending;
East Coast Halibut Prices Feel the October Effect;
Sponsored by The Meat Buyer's Guide Online
If you cannot see this video, please click here
 
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Wakefern Food Corp. Announces $16.6 Billion in Sales

Wakefern Food Corp. Chairman and CEO Joseph S. Colalillo, President and COO Joe Sheridan, and Executive Vice President Chris Lane addressed Wakefern shareholders, store management and staff at the company's annual shareholder meeting on October 24 in East Brunswick, New Jersey.

The company reported retail sales of $16.6 billion for the 52-week fiscal year ending September 28, 2019, a 0.7% increase from the prior year. The largest retailer-owned cooperative in the United States, Wakefern opened five new ShopRite® stores and also welcomed a new banner, Manhattan-based Gourmet Garage, during the same period.

“It’s a time of great change and challenge in our industry, but we’re excited for the journey ahead. With every new program we roll out, we are committed to providing...

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Oct 29 8:26 AM, General News


Cattlemen Applaud Introduction of Real MEAT Act of 2019

The National Cattlemen’s Beef Association (NCBA) today applauded the bipartisan introduction of the Real MEAT (Marketing Edible Artificials Truthfully) Act of 2019 by U.S. Reps. Roger Marshall (R - 1st Dist., Kansas) and Anthony Brindisi (D - 21st Dist., N.Y.)

“A growing number of fake meat products are clearly trying to mislead consumers about what they’re trying to get them to buy,” said NCBA President and Tennessee cattlewoman Jennifer Houston. “Consumers need to be protected from deceptive marketing practices, and cattle producers need to be able to compete on a fair, level playing field. We want to thank Congressmen Brindisi and Marshall for leading the way on this very important issue.”

Specifically, The Real Meat Act will...

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Oct 29 8:24 AM, General News


Dine Brands International Continues Expansion with Deal to Bring More IHOP Restaurants to Canada

Dine Brands International announced today an agreement with Saeed Minhas, of Minhas Holdings, to bring the IHOP brand to exclusive locations in the Greater Toronto Area. The agreement calls for 15 new IHOP locations over seven years. The first location is expected to open mid-year 2020.

The new locations are expected to create approximately 900 jobs and contribute up to $15 million to the construction industry in the Greater Toronto Area.

“IHOP is a strong brand with a huge fan base around the world, and we are excited to expand its presence in Canada,” said Saeed Minhas, CEO of Minhas Holdings. “We can’t wait for...

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Oct 29 8:23 AM, General News


CHART: Industry Expectations for Weekly Cattle Slaughter


Full Story »
Oct 28 1:35 PM, Urner Barry


Denny's to Offer Beyond Meat Burger 

For more than 65 years, Denny's has been delivering on its commitment to serve guests delicious and affordable meals, investing in menu innovation and increased quality that has put America's Diner at the forefront of the Family Dining category. In response to guests' interest in plant-based dining and flexitarian diets, Denny's has partnered with Beyond Meat to launch the Denny's Beyond Burger.

Available at all Los Angeles area Denny's locations beginning today, the new Denny's Beyond Burger features a 100% plant-based Beyond Burger patty topped with freshly sliced tomatoes and onions, crisp lettuce, pickles, American cheese and All-American sauce on a multigrain bun - offered...

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Oct 28 11:14 AM, General News


Kemin EMEA Relocates Production of Its Food Safety Production Lines 

Kemin Industries, a global ingredient manufacturer that strives to sustainably transform the quality of life every day for 80 percent of the world with its products and services, has centralized the Europe, Middle East and Africa (EMEA) supply chain for BactoCEASE NV, its clean-label, vinegar-based food safety solution, by establishing production in Europe. This expansion provides a more sustainable supply of the product with reduced delivery time, increased production speed and more flexibility for customers ordering Kemin ingredients in the EMEA region.

“This strategic investment is intended to help ensure continuity and security of our food safety product lines, resulting in a shorter supply chain and faster delivery time for...

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Oct 28 10:25 AM, General News


Brexit: EU Agri-Food Chain Representatives Welcome the Deal and Call for a Swift Ratification

Full Story »
Oct 28 10:13 AM, General News


Strong Performance of EU Agri-Food Exports Continues in August 2019

The value of the EU’s agri-food exports in August 2019 reached €12.07 billion, marking a rise of 5.6% compared to August 2018. As the value of imports decreased by 0.2% to €9.14 billion, the agri-food trade surplus for August stood at €2.93 billion, a 29% increase in the positive trade balance compared to last year’s figures. These are some of the main findings of the monthly trade report for August 2019, published today by the European Commission.

Comparing the monthly export values of August 2019 with August 2018, the highest increases were recorded for China (up €283 million), the USA (a rise of €192 million), and Japan (an increase of €69 million). However, significant falls were recorded in...

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Oct 28 10:06 AM, General News


Senate Passes Bipartisan Bill to Protect America’s Domestic Food Supply and Agricultural Industries

The U.S. Senate unanimously approved bipartisan legislation introduced by U.S. Senators Gary Peters (D-MI), Pat Roberts (R-KS), Debbie Stabenow (D-MI) and John Cornyn (R-TX) to address the shortage of agricultural inspectors who protect the nation’s food supply and agricultural industries at the border. The Protecting America’s Food & Agriculture Act of 2019 would ensure the safe and secure trade of agricultural goods across our nation’s borders by authorizing U.S. Customs and Border Protection (CBP) to hire additional inspectors, support staff and canine teams to fully staff America’s airports, seaports and land ports of entry.

Peters serves as the Ranking Member of the Senate Homeland Security and Governmental Affairs Committee, and Roberts and Stabenow are Chairman and Ranking Member of the Senate Committee on Agriculture, Nutrition, and Forestry, respectively.

“Agriculture is a critical economic driver in Michigan and across the country, but longstanding shortages of agricultural inspectors limits Customs and Border Protection’s ability to...

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Oct 28 9:29 AM, General News


Taylor’s Sausage Inc. Recalls Ready-To-Eat Meat and Poultry Products

Taylor’s Sausage Inc., a Cave Junction, Ore. establishment, is recalling approximately 641 pounds of ready-to-eat meat and poultry sausage products because the products may be misbranded and contain a pork casing or a sheep casing that were not declared on the product label, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The ready-to-eat meat and poultry sausage items were packaged on June 26, 2019, Aug. 6, 2019, Aug. 16, 2019, Sept. 5, 2019 and Oct. 10, 2019. The following products are subject to recall...

Full Story »
Oct 28 8:48 AM, General News


Holiday Shoppers Plan to Spend 4 Percent More this Year

Consumers say they will spend an average of $1,047.83 this holiday season, up 4 percent from the $1,007.24 they said they would spend last year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Shoppers between the ages of 35 and 44 plan to spend the most at $1,158.63.

“Consumers are in good financial shape and willing to spend a little more on gifts for the special people in their lives this holiday season,” NRF President and CEO Matthew Shay said. “Retailers are fully prepared to meet the needs of holiday shoppers looking for that perfect mix of sales, quality and selection.”

Shay noted that retailers are expected to import near-record volumes of merchandise ahead of the tariffs that are scheduled to take effect on...

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Oct 28 8:27 AM, General News


Restaurant Brands International Inc. Reports Third Quarter 2019 Results

Restaurant Brands International Inc. today reported financial results for the third quarter ended September 30, 2019.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the third quarter, we grew system-wide sales nearly 9% through a combination of strong global comparable sales growth and restaurant expansion. At Burger King, we continue to see exciting growth around the world, with our system-wide sales increasing approximately 15% internationally for the quarter and the successful launch of our Impossible Whopper driving 5% comparable sales growth in the US, our strongest level since 2015. Popeyes had one of...

Full Story »
Oct 28 8:23 AM, General News


Oct 28 7:40 AM, Urner Barry

USDA's Cattle on Feed Report Released;
Movers of the Week from the HRI Buyers Guide;
Sponsored by Obsono's Market Insight
If you cannot see this video, please click here
 
Full Story »

ICL to Expand Its Presence in the Plant-Based Meat Alternatives Market 

ICL, a leading global specialty minerals and specialty chemicals company, announced that it is planning to expand its manufacturing capacity and R&D support capabilities for its ROVITARIS alternative protein technology for the meat alternatives market.

With more than 80 years of experience, ICL is a leader in developing and providing value added, innovative food ingredient solutions for customers around the world with annual sales of approximately $600 million. ICL’s leading position in the food functional ingredients market leverages its global network of manufacturing and R&D facilities, as well as its backward integration to phosphates.

ROVITARIS is a proprietary technology developed by ICL, that supports the production of allergen free plant-based food. The product has excellent formability and can be adapted to virtually any...

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Oct 25 3:51 PM, General News


Pig Feet from Britain to be Shipped to China

Six sites in Britain have been given official approval to export pig feet to China in a new agreement announced today.

Exports will be able to commence shortly after the sites – five in England and one in Scotland – were confirmed to meet Chinese requirements.

It will be the first time these sites in Britain, which belong to Cranswick, Karro and Tulip, have exported pig feet to China. While pig feet have relatively low demand in the UK, they are prized in the Chinese market.

The news comes just days after the government announced beef from the UK will be exported to...

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Oct 25 11:30 AM, General News


Hormel Foods Announces the Retirement of Tom Day and Executive Advancements 

Hormel Foods Corporation, a global branded food company, announced Tom Day, executive vice president, Refrigerated Foods, will retire effective at the end of the first quarter fiscal 2020. The company also announced the advancement of several executives, including Deanna Brady, who will succeed Day as executive vice president, Refrigerated Foods.

Additionally, P.J. Connor, currently vice president; senior vice president, Consumer Products Sales (CPS), will advance to Brady's current role as group vice president; president, Consumer Products Sales. Tony Hoffman will advance to Connor's current role as vice president; senior vice president, Consumer Products Sales.

Day serves as a member of the executive committee of Hormel Foods, bringing nearly 40 years of strategic leadership to the company. As executive vice president of Refrigerated Foods, Day has led the company's largest segment as well as...

Full Story »
Oct 25 9:30 AM, General News


Oct 25 9:00 AM, Urner Barry Video

Technomic Reveals Trends to Watch for 2020;
Cold Storage and Pullet Placements Paint Mixed Picture;
Sponsored by Urner Barry's Prospector
If you cannot see this video, please click here
 
Full Story »

Amazon to Overtake Walmart by 2022, Forecasts New Packaged Facts Report

Amazon is set to become the largest retailer in the United States. While Walmart is currently the largest retailer, its reign may end in 2022, at which time market research firm Packaged Facts forecasts that Amazon will surpass Walmart, based on the expectation that Amazon sales will continue to grow at a much faster rate.

Packaged Facts made the prediction in the brand new report, Amazon Strategies and the Amazon Shopper, 2nd Edition, which analyzes the e-commerce giant's activities in grocery, pet products, and financial services.

"Amazon's already has an enormous impact on e-commerce sales, benefitting from its creation of an endless online aisle with...

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Oct 25 8:24 AM, General News


Before the Butcher’s UNCUT Plant-Based Burgers Debut in 192 Ralphs

Before the Butcher’s UNCUT plant-based burger and sausage products are now available in 192 Ralphs Grocery stores in southern California, marking the entry of the UNCUT brand in retail grab-and-go cases. More than 50 additional stores will carry the line by November 1, including Whole Foods Market in Long Beach, 10 Central Market locations in Texas, and 40 Lucky’s Markets in 10 states from Colorado to Florida.

All locations in the initial 250+-store rollout will carry the full collection of UNCUT packaged products, including the UNCUT Burger, UNCUT Savory Chicken Burger, UNCUT Roasted Turkey Burger and UNCUT Breakfast Sausage Patty. That lineup offers more variety than any other plant-based burger brand, providing multiple options for...

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Oct 25 8:24 AM, General News




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