Hormel Foods Corporation Announces Leadership Appointment and Provides Business Updates

Leadership Appointment

Hormel Foods Corporation (NYSE: HRL) today announced the appointment of Paul Kuehneman as interim chief financial officer and controller, effective October 27, 2025. He will report to Jeff Ettinger, interim chief executive officer, and is accountable for the Company’s accounting, finance, treasury, and internal controls functions.

With more than 30 years of business and finance experience at Hormel Foods, Kuehneman has held a variety of leadership roles, including director of internal audit, vice president and chief financial officer for the Jennie-O Turkey Store, assistant controller, and most...

USMEF Statement on USTR's Announcement of Trade Deals with Southeast Asian Countries

The Office of the U.S. Trade Representative (USTR) announced agreements on reciprocal trade with Malaysia and Cambodia and frameworks for agreements on reciprocal trade with Thailand and Vietnam.

U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom issued this statement:

USMEF greatly appreciates USTR’s tireless efforts to address both tariff and non-tariff barriers that have kept the U.S. as a minor supplier of red meat to the ASEAN region. With the U.S. beef industry currently lacking access to China, improved access to Southeast Asia is desperately needed to provide...

European Processor Dawn Meats to Acquire New Zealand Sheep Meat Exporter Alliance

Ireland-based processor Dawn Meats, specialized in red meat, has agreed to acquire 65% of Alliance Group for $250 million.

Alliance is one of the largest exporters of New Zealand sheep meat, but it also exports beef, venison, and others to around 65 countries, DC Advisory, the company advising the acquisition, said. Currently, Dawn Meats exports to around 50 countries, with a turnover of €3 billion, the company said.

The acquisition fits within the company’s growth plans. “A key part of Dawn’s strategic growth plan...

JBS Ships First Beef Cargo to Vietnam

JBS has exported 27 tons of beef to Vietnam, the Brazilian company said. This is the first shipment to the country by JBS. The beef originated from JBS’ Mozarlândia plant, one of the two plants recently authorized for beef exports to Vietnam. The other approved facility was JBS’ Goiânia processing plant.

Vietnam’s Prime Minister Pham Minh Chinh met with Brazil’s Minister of Agriculture Carlos Fávaro earlier this week as part of the prime minister’s visit to Rio de Janeiro for the BRICS Summit. During the visit, the prime minister attended...

Australia and New Zealand Red Meat Sectors React to 10% US Tariff

The US announced a new 10% tariff on Australian and New Zealand meat on Wednesday, April 2, putting an end to the countries' free trade agreement.  

Australia will seek to negotiate to eliminate the tariff, prime minister Anthony Albanese said after the tariff announcement. "We will not join a race to the bottom that leads to higher prices and slower growth," he said. 

Red Meat Advisory Council (RMAC) and the Meat & Livestock Australia (MLA) will be part of the negotiations, both organizations said... 

Unlocking Market Opportunities: Key Takeaways From Agri-Food Europe 2025

Held from February 26th to 27th at the Okura Hotel in Amsterdam, Expana’s Agri-Food Europe 2025 brought together key stakeholders from global agrifood markets for two days of learning, collaboration and forward-thinking discussions...

With a timely agenda addressing critical issues such as commodity pricing, where markets are headed and emerging agrifood disruptors, the event served as a key gathering for businesses looking to gain a competitive edge. Agri-Food Europe also included market-specific breakouts for categories including animal products, tropical softs, grains, oilseeds, packaging and animal...

Trump’s Political Appointments: What They Mean for Commodity Markets

On January 20, 2025, Donald Trump was sworn in for this second term as US President. JD Vance also took the oath of office to become the 47th Vice President.

The new President and his political appointments have dotted headlines in the agricultural commodity space and beyond–grabbing the attention of individuals worldwide. More importantly, the people Trump is bringing aboard to lead, regulate, or deregulate the country’s industries will carry with them implications for domestic and international commodity markets...

US Valentine's Day Index 2025

As Valentine’s Day traditionally provides a boost for restaurants and confectionary retailers, Expana has analyzed the key commodities associated with this holiday.

Expana’s US Valentine's Day Chocolate Index consists of cocoa beans, sugar, and skimmed milk powder (SMP). In addition, consumption of strawberries increases during the Valentine’s Day period, and vanilla is widely used in preparation of cakes and chocolates. As a result, Expana has included the prices of these commodities separately in this report.

Although US consumers and retailers will welcome more affordable meal prices than in 2024, the cost of confectionery this Valentine’s...

Watch Out for Food and Beverage Companies with Big Game Commercials

It’s nearly time for “The Birds” to face the reigning champions in New Orleans. Food and beverage brands with creative advertising teams and big budgets wait all year to show off their best commercials in the short time they have with viewers’ undivided attention.

Such advertisements are impressive enough to instill annual recall and yearly expectations. Brands like Budweiser, Pepsico, McDonald’s, Coca-Cola, or Doritos are oft-anticipated after years of advertising during the big game.

In 2025, a 30-second national spot during the broadcast...

Trudeau: Trump Will Pause Tariffs on Canada for 30 Days

As of Monday evening, US President Trump will postpone 25% tariffs on Canada, Reuters reported after Prime Minister Justin Trudeau wrote an X post about the matter.

After the day's second conversation with Trump, Trudeau wrote:

"I just had a good call with President Trump. Canada is implementing our $1.3 billion border plan — reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl. Nearly 10,000 frontline personnel are and will be working on protecting..."

USDA Announces Approval of D-SNAP for California Disaster Areas

The U.S. Department of Agriculture (USDA) announced that people recovering from the impact of recent wildfires and straight-line winds may be eligible for food assistance through USDA’s Disaster Supplemental Nutrition Assistance Program (D-SNAP). Approximately 81,477 households in 28 zip codes in Los Angeles County are estimated to be eligible for this relief to help with grocery expenses.

Through this program, which USDA makes available through states in the aftermath of disasters, people who may not be eligible for SNAP under normal circumstances can participate if they meet...

Aldi’s Making Waves With New European Locations and a Chardonnay Partnership

In January’s fourth week, news about the discount grocery store Aldi made food industry headlines with talk of expansion, and an alcohol partnership that will help clean the ocean.

In 2025, Aldi is set to open nine stores in London, the company announced. The openings in Wimbledon, Fulham Broadway, Caterham, and Orpington are part of the grocery chain’s £650 million investment in Britain during this new year.

Furthermore, leaders of this grocery chain plan to open 40 new supermarkets in Spain. So, shoppers in regions like Andalusia, Madrid...

Foreign-Owned Agricultural Land in the US Increases

From 2022 to 2023, there was a 1.58-million-acre increase in foreign-held agricultural land, according to Farm Bureau. In the US, 45.85 million acres of agricultural land were held by foreign investors in 2023, representing 3.61% of total privately held agricultural land, according to the USDA’s Agricultural Foreign Investment Disclosure Act (AFIDA) report which shows an upward trend of land ownership by foreign entities across the nation. 

Since 2010, reports of foreign-held agricultural land have increased. This expansion is 21 million acres, or an area larger than South Carolina...

Top 10 Stories from 2024 on Expana

It was a big year for the food and agriculture industry. Below are some of the biggest headlines that sent shockwaves through the trade... 

ANALYSIS: US Egg Prices Soar as Production Hits Eight-Year Low Due to HPAI Outbreaks 

May 30, 2024: “Over the past two weeks, U.S. shell egg prices have soared by 45%, largely due to the ongoing spread of Highly Pathogenic Avian Influenza (HPAI), more commonly known as bird flu. The bird flu has been spreading across the US since February 2022—though not consistently..."

Billions in Aid Approved for US Farmers

As a government shutdown loomed, the US Congress passed spending legislation named the American Relief Act which was signed by President Biden on December 21, 2024. For agriculture and food-related commodities, this legislation contains one-time economic assistance payments, disaster relief payments, as well as partial funding from the rolled-over farm bill.

Part of the funding approved was $10 billion to support some American farmers across the nation. Within 90 days, economic assistance payments will only be dealt to farmers of eligible commodities like corn, soybeans, wheat, rice, canola, mustard...

Butterfly Acquires the Duckhorn Portfolio of Wines for $1.95 Billion

On Christmas Eve, the Los Angeles-based Butterfly Equity acquired a Californian wine maker known as the Duckhorn Portfolio, according to a media alert. The all-cash deal valued Duckhorn at $11.10 per share or approximately $1.95 billion.

Duckhorn encompasses 2,200 acres of vineyards throughout California, Oregon, and Washington state. The company sells brands like Decoy, Sonoma-Cutrer, Postmark, and more. Originally, Duckhorn Vineyards started in 1976 as a family-owned company founded in Napa Valley. Today, their wines are available throughout the US...

FDA Updates “Healthy” Food Definition for US Food Products

Officials from the FDA updated the organization’s definition of the word “healthy,” according to an FDA constituent update. 

A food product’s packaging can bear the word “healthy” if the food adheres to specified limits for saturated fats, sodium, and added sugars. Additionally, “healthy” food contains “at least one of the food groups or subgroups (such as fruits, vegetables, fat-free and low-fat dairy, etc.) recommended by the Dietary Guidelines,” according to the FDA’s new definition. 

For example, a “healthy” grain product should not contain more than 5% saturated fat...

Yu Shang Food Inc. Recalls Ready-to-Eat Meat and Poultry Products 

Yu Shang Food, Inc, a Spartanburg, SC, establishment, is recalling approximately 4,589 pounds of ready-to-eat (RTE) meat and poultry products out of an abundance of caution. These products may be adulterated with Listeria monocytogenes, according to the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS).

The ready-to-eat meat and poultry items were produced from October 21 to October 27, 2024. These products have “used by” dates ranging from 21-AUG-2025 through 27-AUG-2025. View full product list...

Papa Johns Announces Jenna Bromberg as Chief Marketing Officer

Papa John’s International, Inc. (“Papa Johns®”) today announced the appointment of Jenna Bromberg to Chief Marketing Officer, effective Nov. 14. A recognized industry expert known for transformative brand campaigns and deep consumer insights, Bromberg brings a unique blend of quick-service restaurant and modern retail marketing expertise to the role.

“Jenna’s track record of building strong brands and driving innovative marketing campaigns makes her the ideal leader to help take the Papa Johns brand into its next chapter,” said Todd Penegor, President and Chief...

Introducing IFMA The Food Away from Home Association

After decades of branding itself the International Foodservice Manufacturers Association (IFMA), a new identity for the 72-year-old organization was revealed today – “IFMA The Food Away from Home Association.”

Announced this morning at the organization’s Presidents Conference, the change was prompted by the association’s recent long-term strategic planning that included intensive self-examination and taking a clear-eyed look at the state of the industry...

PODCAST: "Agri-Food for Thought" Episode 16 - Brazil's Challenges and Trends in the Feed to Protein

Expana presents Agri-Food for Thought, the podcast series for agriculture and food professionals.

Agri-Food for Thought covers the latest news in food and agricu​lture. Listen now as Simon examines seasonal shifts underway in the food and ag space, with special guest Elliot Holgate, Market Reporter Feed Additives - South America, Expana, giving a deep dive on Brazilian feed, feed additive, and animal protein markets.

Burger King, KFC Owners Miss Results Estimates as Fast-Food Spending Wanes

Burger King parent Restaurant Brands and KFC owner Yum Brands missed market estimates for quarterly results on Tuesday, hit by weak demand in the United States and abroad from budget-stretched customers.

Consumers are relying on cheaper, home-cooked meals instead of eating out as fast-food prices have risen over the past year, hurting traffic across the industry.

As a result, restaurant operators have turned to aggressive promotions in an attempt to attract value-seeking customers. Burger...

Publix Reports Third Quarter 2024 Results and Stock Price

Publix’s sales for the three months ended Sept. 28, 2024 were $14.6 billion, a 4.9% increase from $14 billion in 2023. Comparable store sales for the three months ended Sept. 28, 2024 increased 3.4%. The company estimates sales for the three months ended Sept. 28, 2024 increased 0.6% due to the impact of Hurricane Helene.

Net earnings for the three months ended Sept. 28, 2024 were $1.1 billion, compared to $833 million in 2023, an increase of 31.7%. Earnings per share...

USMEF to Honor Nick Giordano, Mark Jagels at Upcoming Conference

The U.S. Meat Export Federation (USMEF) announced the 2024 recipients of its two most prestigious awards, who will be honored Nov. 7 at the USMEF Strategic Planning Conference in Tucson, Ariz.

Nick Giordano, the former lead lobbyist for the National Pork Producers Council (NPPC) will receive the Michael J. Mansfield Award. USMEF established this award in recognition of the U.S. Senate majority leader and ambassador to Japan whose five decades of government service advanced U.S. trade relations throughout the world.

Mark Jagels, a fourth-generation farmer...

FAT Brands Inc. Reports Third Quarter 2024 Financial Results

FAT (Fresh. Authentic. Tasty.) Brands Inc. (“FAT Brands” or the “Company”) today reported financial results for the fiscal third quarter ended September 29, 2024.

Andy Wiederhorn, Chairman of FAT Brands, said, “Over the last three years, we have expanded our brand portfolio to include 18 distinct concepts while our footprint has increased tenfold, now encompassing over 2,300 locations across more than 40 countries and 49 U.S. states or territories. We opened 22 new units during the third quarter, bringing our year-to-date openings to 71 new...