ANALYSIS: Pork Production Reaches 3-Year High in August

Federally inspected pork production has maintained the highest levels in the last 3 years going into the final week of August. According to the USDA Federally Inspected Pork Production Weekly Report, published on August 31^st, production volumes reached 509.7 million pounds. This represented a 3.8% increase from the same period last year and 2.9% above the three-year average. This summer's peak production number occurred in mid-August, reaching 527.1 million pounds, a significant 4.4% increase above the three-year average...

KPOT Announces Opening of 80th Location, First Location in NYC

KPOT Korean BBQ & Hot Pot, a unique, hands-on, all-you-can-eat dining experience that merges traditional Asian Hot Pot with Korean BBQ flavors, today announces the opening of its 80th location, which also happens to be its first location in New York City located at 310 W 38th St in Manhattan’s Midtown West neighborhood.

KPOT offers a diverse culinary experience with an extensive selection of premium meats, fresh seafood, and crisp vegetables for both its BBQ and Hot Pot offerings...

The Retail Rundown: September's Seasonal Shifts

Although there are about two weeks left to enjoy summer, many consider the season unofficially over following Labor Day. The retail landscape is starting to reflect this shift, where factors like cooler weather and football season are already influencing consumer demand. 

The frozen/convenience aisles and deli counters benefit from back-to-school needs and provide quick meals for busy households. Circana data indicates that prepared dishes/kits earned $18.1 million in total sales last week, up from $17.7 million the week prior. Over in lunchmeat, fresh packaged turkey retailed at $7.21 discounted, an 18-cent year-over-year decrease.  

Papa Johns Announces PepsiCo as its Beverage Partner in North America

Today, Papa John's International, Inc. announced its selection of PepsiCo as its exclusive beverage supplier for restaurants in North America through a 10-year contract renewal. The extension of this partnership showcases the brand's ongoing commitment to deliver exceptional value to its customers and franchise partners by offering quality products that customers expect.

The partnership will also underscore the brand's strategy by supporting Papa Johns marketing efforts through additional investment from Pepsi, while also encouraging North American development expansion through incentives to drive new store growth...

USDA Releases Updated Guideline to Strengthen Substantiation 

The U.S. Department of Agriculture (USDA) announced today the availability of an updated guideline that makes recommendations to strengthen the documentation that supports animal-raising or environment-related claims on meat or poultry product labeling. Today’s action builds on the significant work USDA has already undertaken to protect consumers from false and misleading labels and to implement President Biden’s Executive Order on Promoting Competition in the American economy.

“USDA continues to deliver on its commitment to fairness and choice for both farmers and consumers, and that means supporting transparency and high-quality standards...

ANALYSIS: July's Pork Cold Storage Figures Released

The latest installment of the July USDA Pork Cold storage report, released on August 23^rd, shows total frozen stock values continue to trend lower by 4.5% compared to this same time last year and 19.4% below the 10-year average. Effects of increased demand during the third and fourth quarters of 2023 from regions impacted by Prop 12 implementation in July to January of last year, continue to impact volumes for frozen stocks despite elevated slaughter levels throughout the summer. 

Cuts such as trimmings, bellies, butts and ribs were among the items...

ANALYSIS: Rising Hog Slaughter and Market Supply

As of yesterday's close, the year-to-date total hog slaughter reached 82,805,400 head, marking a 1.2% increase compared to this same period last year, which stood at 81,790,000 head, according to the USDA’s Federally Inspected Hog Slaughter figures.

The data indicates that 2024 has seen higher weekly hog slaughter numbers, particularly at the beginning of the year due to winter weather disruptions that backlogged hogs, and from June to August, surpassing levels from the past two years as well as the three-year average...

Circana Research Reveals 86% of Eating Occasions Sourced from Home Over Past Year

Despite easing inflation, ongoing economic challenges drive shifts in consumers’ eating patterns both in and away from home

Circana™, a leading advisor on the complexity of consumer behavior, recently released a new report providing a complete view of food and beverage consumption trends, both at home and away from home. The 39th annual report, “Eating Patterns in America,” highlights a growing trend toward at-home dining over the past year, with 86% of eating occasions sourced from home. While retail volumes show modest growth...

FCPT Announces Acquisition of 19 Bloomin’ Brands Restaurant Properties for $66.4 Million

Four Corners Property Trust, a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, is pleased to announce the acquisition of 19 Bloomin’ Brands restaurant properties comprising of 20 total restaurants (10 Outback Steakhouse restaurants and 10 Carrabba’s Italian Grill restaurants, including one dual-tenant property with both concepts) for a purchase price of $66.4 million. The 19 properties are located across 10 states (AZ, FL, GA, KY, LA, NC, NV, PA, SC, and TN)...

USMEF Chair Sees Potential for U.S. Red Meat in Indonesia

USMEF Chair Randy Spronk joined a team of representatives from the Indiana Soybean Alliance (ISA) to meet with prospective buyers and study market opportunities for U.S. soybeans and red meat in Indonesia. USMEF member ISA, which has developed strong trade relationships providing soy protein in Indonesia, coordinated with USMEF staff on the day-long event.

USMEF ASEAN Director Sabrina Yin and Indonesia Representative Arrofi Satrio Alam set up a meet-and-greet for the ISA group with Indonesian meat importers and presented a...

Canadian Agricultural Supply Chain Fears Amid Rail Labor Dispute

Crucial agricultural supply chains are under threat across North America after a rail labor dispute in Canada led to a shutdown of freight traffic on the country's two largest railways. Agriculture industry executives are fearing a succession of devastating economic blows and are already estimating their losses.

Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) locked out nearly 9,300 workers after midnight local time on Thursday 22 August, after multiple rounds of talks ultimately failed to clinch a late deal with the Teamsters union...

FMI Research: Shoppers Feel in Control of Their Grocery Spending

Consumers are adapting their shopping strategies to include more flexibility as they attempt to control their grocery spending heading into the fall, according to the latest survey conducted by FMI – The Food Industry Association and The Hartman Group. The report, U.S. Grocery Shopper Trends 2024: Return to Routine, provides a crucial snapshot of how shoppers are finding value and evolving their grocery shopping habits in the current economic environment.

While shoppers report continued concerns regarding inflationary pressures on food and other consumer categories...

Kroger Files Motion to Enjoin the FTC's Administrative Merger Challenge

The Kroger Co. today filed a motion for preliminary injunction in the U.S. District Court, Southern District of Ohio, against the Federal Trade Commission's (FTC) administrative proceeding challenging the company's merger with Albertson's Companies, Inc. The company argues that by proceeding in its administrative tribunal, in addition to the separate action in federal court, the FTC is violating Constitutional protections.

The motion details how the FTC's administrative proceeding against the merger clearly violates the Constitution in two areas:

• First, the FTC violates Article II of the Constitution because...

Circana Reports on the Future of Dinner: Quick Meals and Invested Occasions Define Consumer Habits

Circana™, a leading advisor on the complexity of consumer behavior, today released insights from its Future of Dinner report, revealing that U.S. consumers source 81% of their dinners at home and most often enjoy dinner with others. While Gen X prefers dinners that require minimal preparation and few ingredients, Gen Z consumers increasingly invest in special occasion dinners as they hone their kitchen skills, while also seeking no-prep dinner solutions. In fact, half of all dinners are ready in 15 minutes or less...

The Retail Rundown: Leaping Towards Labor Day

Labor Day weekend, often viewed as the unofficial end of summer, is just two weeks out. Many families are seizing the opportunity for one last vacation, boosting foodservice spending.

For some students, summer break has already concluded, and back-to-school shopping for essentials like breakfast and lunch items is in full swing. Among retailers, Labor Day is recognized as the final major grilling event of the year, marking the last big push to promote barbecue favorites.

Last week, boneless skinless chicken breasts were featured at $4.43 discounted, 18 cents above...

Hormel Foods Announces Retirement of Deanna Brady, Executive Vice President, Retail, after 28 Years 

Hormel Foods Corporation, a Fortune 500 global branded food company, today announces the retirement of Deanna Brady, executive vice president, Retail, at the end of the fiscal year on Oct. 27, 2024. During nearly three decades of distinguished service to Hormel Foods, she successfully led teams across both the foodservice and retail lines of business and served as a key architect of the company's results-driven, high-performing culture.

The company also announces the return of John Ghingo, who will join Hormel...

Low Production Costs Boost Brazil Meat Exports - SIAVS

Strong international demand for Brazilian meat has been driven by low production costs and most recently, by the Real’s 10% devaluation, according to traders at SIAVS, Brazil’s largest animal protein event. In 2022, Brazil had the lowest production costs of pork in the world at an average of US $1.20/kg for live pig, according to InterPIG.

Brazilian agricultural productivity grew by over 2% from 1971 to 2015, surpassing the global average of 1-2%. This growth is attributed to reforms in funding and pricing policies, subsidy cuts, and rural...

July Retail Sales Reveal a Summer Vacation From Discretionary Spending, Reports Circana

Total U.S. retail sales across the combined view of discretionary general merchandise and consumer packaged goods (CPG) continued on the path toward a state of equilibrium in July. During the four weeks ending August 3, 2024, overall sales revenue remained level with the same four weeks last year, and unit demand declined 1%. While both food and beverage and non-edible CPG sales revenue increased 1%, with generally flat year-over-year unit performance, discretionary sales remained challenged, with a 3% decline in dollars and a 2%...

Bob Evans Farmhouse Kitchen Introduces Flavorful Fall Menu and “Dinner for 2” Deal

Today, Bob Evans Farmhouse Kitchen™ has announced the launch of new seasonal fall offerings with warm and inviting flavors. Embracing the essence of fall with ingredients sourced from family farms, Bob Evans invites guests to savor the taste of the season. The new menu offerings, ranging from Bob Evans Famous Sausage Chili to Hot Caramel Apple Cider and more, include farm fresh produce, tried-and-true recipes, and a touch of farmhouse tradition.

Additionally, launching system-wide, guests at Bob Evans can take...

Growth Expected for Brazil's Poultry and Swine Exports in H2 2024 - SIAVS

Eduardo Giannetti, a Brazilian economist, opened Brazil’s largest animal protein event, SIAVS, which took place last week from 6 to 8 August in Sao Paulo. In his address, Giannetti stated that Brazil’s economic outlook for 2024 has been revised upwards, with growth now forecast between 2-3%, an increase from the initial estimate of 1.5%. This revision is largely attributed to the strong recovery in Rio Grande do Sul, which has exceeded expectations despite challenges including its worst recorded flood and a...

The Retail Rundown: Multiple Factors Fuel Promotions; CPI Update

As we reach mid-August, grocery stores are transitioning their end caps from summer displays to game-day essentials, gearing up for the NFL regular season. At the same time, circulars are packed with barbecue items for the upcoming Labor Day weekend along with back-to-school essentials as some regions are already welcoming students back to class.

This week, seafood continues to dominate, representing about 28% of total protein volume in retail buying opportunities. Pork follows with a 23.4% share, while beef captures...

Vertical Cold Storage Completes Purchase of Dothan Facility

Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, finalized the acquisition of the frozen distribution center from Dothan Warehouse Investors in Dothan, Alabama. Terms were not disclosed.

“We are excited to add Dothan to our growing network of temperature-controlled distribution centers and are looking forward to partnering with them as we focus on integrating the business and serving our customers. Dothan is the third operation we’ve added to our network...

Chipotle Announces CEO Departure

Chipotle Mexican Grill, Inc. today announced that Brian Niccol, Chairman and Chief Executive Officer, has accepted the role as Chairman and Chief Executive Officer of Starbucks and will be leaving the Company effective August 31, 2024. Niccol has served as Chipotle's CEO since 2018 and as Chairman of the Board since 2020.

Chipotle's Board of Directors has appointed Scott Boatwright, Chief Operating Officer, as Interim CEO. Boatwright joined Chipotle in 2017 and has been instrumental in driving restaurant operations for the company's more than 120,000 employees and over 3,500 restaurants. He also led the integration...

Beef Export Value Climbs in June; Pork Trends Lower in June but Posts Strong First Half

June exports of U.S. beef reached the highest value in nearly two years, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). While June pork exports were lower year-over-year, shipments through the first half of the year remained ahead of the record value pace of 2023.

Beef exports totaled 110,155 metric tons (mt) in June, down 4% from a year ago but the second largest of 2024. Export value reached...

Tropical Storm Debby Moves Up the East Coast, Causing Disruptions to Hog Slaughter

Tropical Storm Debby is moving along the East Coast, bringing heavy rain to North Carolina, South Carolina, and other states through the end of the week. North Carolina and Virginia are facing a significant risk of flooding today, with the National Weather Service forecasting up to 10 inches of rain in some areas.

Meanwhile, extreme heat continues to affect the Southern Plains, where many of the nation's cattle-producing regions are located.

One pork processing plant is reportedly down today due to flooding, which has reduced today’s hog slaughter...

New Partnership Launched to Broaden Availability of U.S. Pork in Chile

Industry efforts to grow the presence of U.S. pork in Chile took a step forward this summer with the launch of a partnership between U.S. pork producer Wholestone Prestage and U.S. supplier Andes Global. USMEF hosted a launch event in Santiago to announce the partnership and introduce new U.S. pork cuts to retailers and distributor clients of Andes Global.

In preparation for the launch, USMEF worked with Andes Global to identify U.S. pork cuts with demand potential in Chile. Seven cuts were selected and then shipped to... 

ANALYSIS: Navigating the Complex Interplay of Factors Impacting Pork Belly Prices

The pork belly market is exhibiting a complex interplay of factors that are impacting prices. While light skinless pork belly prices were initially above year-over-year levels from January to mid-July, they have since reversed course, with 11-13 derind bellies currently sitting 47% below year-over-year levels. This coincides with peak bacon demand season, typically characterized by elevated bacon processing and active food service demand and as a result, historically higher values.

This year, however, slaughter levels have been elevated for most...

Makers of the HORMEL® BLACK LABEL® Brand Showcase Non-Breakfast Potential of Bacon

The makers of the HORMEL® BLACK LABEL® brand offer the widest selection of flavored bacon in the industry, and today, they are proud to announce the latest addition to their portfolio of tasty options. For a limited time, consumers are invited to indulge their bacon cravings with the all-new HORMEL® BLACK LABEL® Garlic Rosemary flavored bacon, available at retailers nationwide while supplies last.

"The HORMEL® BLACK LABEL® brand is boldly pushing the boundaries of bacon...

U.S. Pork Producers’ Biosecurity Practices Virtually Eliminate Trichinella, Proving Safety of Pork

At the urging of the National Pork Producers Council (NPPC), a newly published U.S. Department of Agriculture (USDA) study found zero Trichinella positives in more than 3.2 million pork samples, demonstrating to domestic and global consumers the safety of U.S. pork.

“USDA scientists have confirmed that U.S. pork producers’ rigorous biosecurity efforts to keep pigs healthy are working,” said NPPC President Lori Stevermer, a pork producer from Easton, Minn. “Because of decades of pork industry research and hard work on the farm, consumers can continue to be confident... 

Boar's Head Provisions Co. Expands Recall for Ready-To-Eat Meat and Poultry Products 

Boar's Head Provisions Co., Inc., a Jarratt, Va., establishment, is expanding itsJuly 26,2024, recall of deli meat products that may be adulterated with Listeria monocytogenes, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The establishment is recalling approximately 7 million additional pounds of ready-to-eat meat and poultry products. Whole genome sequencing results show that a liverwurst sample collected by the Maryland Department of Health tested positive for the outbreak strain of Listeria monocytogenes...

Coleman All Natural Meats Introduces New Ground Sausage with Five Exciting Flavors

Coleman All Natural Meats, the leading legacy all-natural meat brand since 1875, today announced the launch of its new ground pork sausage in five flavors that meet trending taste buds – mild sweet Italian, hot Italian, chorizo, mild breakfast and hot breakfast. These ground sausage varieties give consumers versatile options for breakfast, lunch and dinner. According to the Power of Meat 2024 report, ground pork sales were 2.6 billion pounds in 2023 with sales at $8.0 billion while breakfast sausage sales were 481 million and $2.3...

Boar's Head Provisions Co. Recalls RTE Liverwurst And Other Deli Meat Products 

Boar's Head Provisions Co., Inc., a Jarratt, Va., establishment, is recalling all liverwurst product produced by the establishment that is currently available in commerce because it may be adulterated with Listeria monocytogenes, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The company is also recalling additional deli meat products that were produced on the same line and on the same day as the liverwurst and, therefore, may be adulterated with L. monocytogenes. The company is recalling approximately 207,528 pounds of products...

ANALYSIS: Record Price Gap Between Pork 72 Trimmings and Boneless Beef 90s in July

The monthly price spread between UB pork 72 lean trimmings and UB boneless beef 90s in July has increased to $2.92/lb, the largest spread ever recorded since data collection began in 1985. Pork trim can sometimes substitute for beef trim in hot dog production, offering a cost-effective option when domestic boneless beef prices are high in least-cost formulations.

Before the 4th of July, pork trim supplies were readily available, but prices have remained full steady post-holiday 

U.S. Pork Industry Fuels American Jobs and Economic Growth: New Report Unveiled

The National Pork Producers Council (NPPC) released a new economic contribution report detailing the significant impact America’s pig farmers have on the United States’ agricultural and overall economy. The report highlights the pork industry’s value chain contributions and trends in production and industry structure.

“America’s pork industry is a vital pillar of our nation’s agricultural economy, contributing over $62 billion annually and supporting hundreds of thousands of jobs across the country,” said NPPC President Lori Stevermer, a pork producer from Easton, Minn. “Producers are committed to delivering...

The Retail Rundown: Competition for Ad Space Intensifies

As the final full week of July comes to a close, the retail sector is promoting at-home eating during the dog days of summer, a time when protein consumption typically drops due to the heat and fewer major retail buying occasions.

Competition for ad space is heating up, with seafood and pork leading the way, each capturing 25.8% of retail buying opportunities this week. Beef follows with 22.4%, unchanged from the previous week. Chicken has increased to 17.7%, up from 16.4% last week. Eggs account for 4.5%, with most feature activity...

Global IT Outage Reaches U.S. Meat Processing Sector

Early Friday, a significant IT outage caused global disruptions across sectors including airlines, banks, and healthcare services. 

Cybersecurity company CrowdStrike identified the issue as a "defect found in a single content update for Windows" and confirmed that it wasn't a security incident or cyberattack. A fix has been deployed, said CrowdStrike. 

The U.S. meat processing sector may also be affected, with one pork plant reportedly experiencing computer issues that could halt operations. Processing plants use computers for critical tasks including inventory management and equipment operations...

Philippines Plans to Soon Roll Out ASF Vaccine

The office of the President of the Philippines announced that the Department of Agriculture (DA) would roll out an African Swine Fever (ASF) vaccine by September. The initial rollout will be for government use, with commercial use to follow.

According to the DA, the commercial trial for the vaccine is expected to be approved by the Food and Drug Administration (FDA) this month, allowing the DA to start mass trials. However, the UK government noted in an ASF outbreak in Asia assessment report that the department... 

The Retail Rundown: Grocers Vie with Foodservice During Peak Travel Season

Summer is usually the peak demand period for foodservice, as warmer weather encourages vacation plans and out-and-about activities. As more consumers embark on trips, spending is typically increased at restaurants and bars.

Data released by the U.S. Census Bureau on Tuesday showed that restaurant business rose 0.3 percent last month, likely supported by the summer travel season. Overall retail sales in June remained unchanged from May, outpacing expectations for a decline. Stock futures climbed following the stronger-than-expected data, sending the Dow Jones Industrial Average to... 

Bojangles Brings Back BBQ Pulled Pork Sandwich with Exclusive WWE Collectible Cups

Bojangles, the beloved Carolina-born restaurant chain known for its legendary flavor, announces the return of its BBQ Pulled Pork Sandwich for a limited time only. This fan-favorite features a tender, juicy North Carolina pit-smoked pulled pork piled high and topped with the restaurant’s signature BBQ sauce and crisp, creamy house-made coleslaw.

This year, fans can enjoy the delicious BBQ Pulled Pork Sandwich with an extra special side. Throughout the month of July, and while supplies last, Bojangles is partnering with WWE to celebrate... 

AW Farms Recalls Ready-To-Eat Hot Dog Products Produced Without Benefit of Inspection

AW Farms, an Argillite, Ky., establishment, is recalling approximately 6,900 pounds of hot dog products that were produced without the benefit of federal inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The ready-to-eat hot dogs were produced on various dates since approximately May 30, 2024, and have a shelf-life of 45 days. The following products are subject to recall [view labels]:

• 10-lb. boxes containing two 5-lb. vacuum-packed packages containing “FRENCH CITY FOODS 6” ...

Taylor's Sausage, Inc. Recalls Ready-To-Eat Landjaeger Sausage Products 

Taylor's Sausage, Inc., a Cave Junction, Ore., establishment, is recalling approximately 74 pounds of ready-to-eat Landjaeger sausage products due to misbranding and undeclared allergens, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced today. The product contains soy, a known allergen, which is not declared on the product label.

The shelf-stable, ready-to-eat Landjaeger sausages were produced on Dec. 8, 2023, and packaged on Dec. 19, 2023. The following products are subject to recall:

• 14.4 oz. vacuum-packed packages containing...

The Retail Rundown: Dog Days Dull Buying Occasions

Holiday retail meat clearance last week was reported as mostly positive albeit a bit scattered due to varying weather conditions across the country. This week, extreme heat and record temperatures are expected to persist in the Western and Eastern U.S.

The sweltering conditions that typically accompany the dog days of summer make it challenging for retail to capture regular meat purchases. The egg case also typically sees fewer purchases around this time of year as consumers opt for cold breakfasts like cereal and fruit...

May Beef Export Value Highest in 11 Months; Pork Exports Below Year-Ago

The value of U.S. beef exports topped $900 million in May, the highest since June 2023, according to data released by USDA and compiled by USMEF. Pork exports posted another solid performance in May, but were below last year in both volume and value.

May beef exports totaled 110,133 metric tons (mt), down 5% from a year ago but the second largest of 2024. Beef export value reached $902.4 million in May, 3% above last year and the highest in 11 months. For January through...