USMEF Conference Examines Industry Challenges, Opportunities for U.S. Market Share Gains

The USMEF Spring Conference got underway May 24 in Minneapolis, with USMEF senior staff updating members on industry efforts to expand the international footprint for U.S. red meat and bolster demand for underutilized pork, beef and lamb cuts.

Minnesota Agriculture Commissioner Thom Petersen welcomed a strong turnout of producers, exporters, packers, processors and traders from across the nation, praising their collaborative efforts to advance U.S. agriculture by building global demand.

“I really wasn’t a ‘feed-the-world’ type of person when I started as commissioner,” Petersen said. “But as...

Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal First Quarter Ended April 16, 2023

Red Robin Gourmet Burgers, Inc. a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal first quarter ended April 16, 2023.

Highlights for the First Quarter of Fiscal 2023, Compared to the First Quarter of Fiscal 2022:

• Total revenues are $418.0 million, an increase of $22.4 million compared to 2022.
   -Comparable restaurant revenue(1) increased 8.6%.
   -Ninth consecutive quarter of positive comparable restaurant revenue(1) growth...

Meat Institute Partners with IT-ISAC to Improve Cybersecurity with New Food & Ag ISAC

The North American Meat Institute today announced a new partnership with the Information Technology-Information Sharing and Analysis Center (IT-ISAC) on the launch of a Food and Agriculture ISAC to enhance cybersecurity for the meat and poultry industry.

“We are grateful for the leadership of several of our members who helped found the Food and Agriculture ISAC to better prepare the industry to fight against the increasing threat of cyber attacks on our nation’s critical food infrastructure,” said... 

ANALYSIS: Beef 50s Maintain Huge Premium Over Pork 42s

Throughout most of this year so far, fresh beef 50s have maintained a huge premium over fresh pork 42s. As of Monday afternoon, Urner Barry's fresh beef 50s quotation was $1.86 per pound, compared to 50 cents per pound for fresh pork 42s. 

In 2023 so far, beef 50s have advanced by nearly 92% and eclipsed $2 per pound earlier this month. Over the same period, pork 42s lost about 13%. From a historical standpoint, beef 50s currently reside at near seasonal all-time highs, second only to 2017...

Protein PACT Academic Advisory Council Launched 

The North American Meat Institute today announced the launch of the Protein PACT Academic Advisory Council, formed to advise on research priorities and the latest evidence related to meat production and consumption.

The seven members of the advisory council are renowned independent researchers from the United States’ top universities, with expertise encompassing environmental sustainability, human nutrition and development, combating hunger, and more.

Advisory Council members are:

• Dr. Adegbola Adesogan, University of Florida . Dr. Adesogan’s research focuses on sustainably increasing animal-source food production and consumption, particularly with a focus on the role of animal...

Kindness Takes the Lead: Sonny's BBQ Appoints Tara Boyle as Chief Kindness Officer

Sonny's BBQ, the industry-leading BBQ restaurant rooted in quality food and spreading kindness, today announced Tara Boyle as Chief Kindness Officer (CKO). Boyle will step into the role as the brand's second CKO, following the three-year tenure of Kennon Adkinson. As CKO, Boyle will support the evolution of initiatives under 'Q The Kindness, oversee the brand's Kindness Crew and develop monthly activities to reach Sonny's communities.

"Today's announcement marks a major milestone in our commitment to kindness and the endless potential of doing more in...

Tyson Foods Completes Acquisition of Williams Sausage Company

Today, Tyson Foods, Inc. completed the previously announced acquisition of Williams Sausage Company, Inc. of Union City, Tenn., furthering the company’s strategy to increase its capacity and product portfolio. To ensure the continuity of business operations, Emily Billingsley, Roger Williams’ daughter, will be responsible for the company’s operations.

“This acquisition aligns with our strategy to win with customers, augments our manufacturing capabilities, and expands our product portfolio,” said Stewart Glendinning, group president, Prepared Foods for Tyson Foods. “Williams Sausage Company brings real strengths in its brand, facilities, and direct store delivery network...

USDA APHIS Confirms Atypical BSE Case in Beef Cow at South Carolina Plant

The USDA Animal and Plant Health Inspection Service (APHIS) confirmed an atypical case of bovine spongiform encephalopathy (BSE), or mad cow disease, in a beef cow at a slaughter plant in South Carolina.

The beef cow was about five years or older and was tested as part of APHIS’s routine surveillance of cattle that are unsuitable for slaughter. The animal did not enter slaughter channels or present any risk to the food supply chain or to human health, said the USDA.

This is the country’s 7th...

New Opportunities Developing for U.S. Beef in China’s Foodservice Sector

China’s economy is off to a good start in 2023 as consumer spending rallies from extended pandemic restrictions. Foodservice is rebounding and importers are working aggressively with its restaurant customers to meet changing demand from consumers. The pursuit of fresh ideas is creating new opportunities for high-quality, grain-fed U.S. beef in a sector that is accustomed to lean, grass-fed beef from South America.

USMEF partnered with a key importer to conduct training on specific U.S. beef cuts for one of its customers, a hot pot chain with... 

Wendy's Partners with Pipedream to Pilot Industry-First Underground Delivery System for Mobile Orders

The Wendy's Company today announced a new partnership with Pipedream, a hyperlogistics company, to pilot its underground autonomous robot system with the goal of delivering digital food orders from the kitchen to designated parking spots in seconds, for faster and more convenient pick-up experiences. As the first quick service restaurant (QSR) to pilot this cutting-edge technology, the partnership marks another bold step for Wendy's in driving industry innovation as it strives to serve digital-forward customers with greater ease, speed and accuracy.

"We know... 

Hormel Foods to Showcase Brands, Innovation and Showstopping Menu Items at National Restaurant Show

Attending the prestigious National Restaurant Association Show has long been a tradition of Hormel Foods Corporation (NYSE: HRL), an annual opportunity for the Fortune 500 global-branded food company to highlight its extensive product offerings to foodservice operators from around the country. This year's show takes place May 20-23 at McCormick Place in Chicago and will feature more than 2,100 exhibits hosted by hundreds of U.S. manufacturers and suppliers. But none of those exhibits promises to be as eye popping as what Hormel Foods is...

Jack in the Box Inc. Reports Second Quarter 2023 Earnings

Jack in the Box Inc. financial results for the Jack in the Box and Del Taco segments in the second quarter, ended April 16, 2023.

"The momentum in our business continued throughout the second quarter, reflected in outstanding sales, positive net unit growth, improved margin performance and the signing of a development agreement for expansion into Mexico," said Darin Harris, Jack in the Box Chief Executive Officer. "Over the last year we have been focused on the execution of our strategy, and the results are beginning to show. We look...

Ring the Bell! Every Day is Taco Tuesday® at Taco John's

Taco John's has proudly owned the Taco Tuesday trademark since 1989. In celebration of this non-anniversary, beginning today – conveniently, Taco Tuesday– Taco John's is rolling out a special Taco Tuesday deal – $2 for 2 Tacos (crispy or softshell). Every day, all day, May 16 - May 31, through the Taco John's Mobile App, for Bigger Bolder Rewards Members.

Because at Taco John's, Every Day is Taco Tuesday!

"I'd like to thank our worthy competitors at Taco Bell for reminding...

Clever Carnivore Names Russell Thomas VP of Product Development

The Clever Bratwurst is one bite closer to your grocer’s meat department. Clever Carnivore, a Chicago-based biotech startup working to bring cultivated meat — pork, beef and chicken — to consumers, today announced Russell Thomas, MSc, has joined the team as vice president of product development. A triple-decade food scientist with expertise in food safety, product development and operations management, Thomas will accelerate the development of Clever Carnivore’s debut consumer product, the Clever Bratwurst.

“Russell’s experience as director of research and development at Tyson...

STX Beef Co. Announces Purchase of Missouri Prime Beef Packers, LLC

Today, STX Beef Company, LLC (STX) announced the purchase of Missouri Prime Beef Packers. STX will take over operatorship immediately.

Missouri Prime Beef Packers is located approximately 20 miles north of Springfield in Pleasant Hope, Missouri. The plant, which sits on 256 acres, currently processes approximately 750 head of cattle per day in its 88,000 square foot facility.

"STX prides itself on taking care of our customers while offering customized solutions, and developing long-lasting commercial relationships," Terry Maul, STX Beef Company CEO said. "Missouri is...

Applebee’s Fan-Favorite 2 for $25 with Steak Makes a Perfect Date Night Match!

Applebee’s favorite two person pairing, the 2 for $25 deal, just got better. Guests can now enjoy a 6 oz. Top Sirloin for one - or both - of their entrée selections, paired with an appetizer or two side salads for only $25!* Grab your friends, family, or S.O. and choose from a special menu that includes two full-size entrées and a choice of one appetizer, or two side salads, for dine-in, To Go and Delivery.
Whether celebrating date night or going out...

Eastern Meat Solutions, Inc. Recalls Raw, Boneless Pork Products Imported without Benefit of Import 

Eastern Meat Solutions, Inc., the importer of record located in Ontario, Canada, is recalling approximately 40,763 pounds of raw, boneless pork products that were not presented for import reinspection into the United States, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The raw, boneless pork products were imported from Canada, and further processed by another company into barbeque pork products. The following products are subject to recall:

• 16-oz. plastic packages containing Park Street Deli “SWEET CHIPOTLE Boneless Pork Ribs with...

ANALYSIS: Getting Flanked by Thin Meats

As mentioned in previous analysis pieces, “thin meats” typically see price appreciation well before some larger cuts during times of lighter production. Last time around we had a focus on outside skirts, and this time we’re going to focus on the flank steak. The run up in prices within the boxed beef market has prompted participants to seek out cheaper alternatives at every turn when possible. Urner Barry’s outside skirt quote now sits at some of the loftiest levels on record, gaining nearly 100 percent year-to-date. This in turn has prompted users...

March Pork Exports Largest in Nearly Two Years; Beef Exports Show Signs of Rebound

March exports of U.S. pork were the largest since May 2021, according to data released by USDA and compiled by USMEF. While below last year’s high volume, March beef exports were the largest since October.

March pork exports totaled 260,195 metric tons (mt), up 17% year-over-year and the ninth largest volume on record. Export value was also ninth largest at $724 million, up 18% from a year ago. These results capped a strong first quarter for U.S. pork as exports reached 716,691 mt...

White Castle Celebrates National Slider Day on May 15 by Giving Away a Free Cheese Slider 

In recognition of National Slider Day — White Castle's self-proclaimed holiday celebrating The Original Slider® — the 102-year-old burger chain will be treating its Craver fans to complimentary Cheese Sliders in restaurants on May 15. No purchase is necessary, but customers do need to present a digital coupon, which can be found on White Castle's website.

Cravers all over the country can join in the National Slider Day celebrations with the help of a discount coupon for select Sliders from local food ...

Tyson Foods Shares Shed Nearly 16% Following Q2 Loss

U.S. stocks closed mixed on Monday and are lower so far Tuesday as traders continue to digest the recent developments from major corporations including Tyson Foods and S&P 500 company Catalent, Inc. 

The Dow Jones Industrial Average closed 0.2% lower yesterday while the S&P 500 was fractionally higher. The Nasdaq Composite gained 0.08% on Monday but has since turned weaker in early trading action Tuesday. The indices rounded out last week with gains following the latest U.S. jobs data, which showed 253,000 jobs added in April.

Shares of Catalent, Inc. lost over... 

Burger King to Give Fans a Heroic Take on the Iconic Whopper

Anyone can wear the mask (and crown) … will it be you? Burger King® – in co-promotion with Spider-ManTM: Across the Spider-Verse – is entering the Spider-Verse with a limited-time take on the brand’s iconic Whopper® sandwich. The newest Whopper innovation was developed in celebration of the upcoming theatrical release of Sony Pictures Animation’s Spider-ManTM: Across the Spider-Verse, the next chapter in the hit film franchise that will swing into theaters worldwide on June 2.

Available at participating restaurants nationwide from May...

New York State Announces New Grant Opportunity to Expand Meat Processing Industry

New York State Department of Agriculture and Markets Commissioner Richard A. Ball and the Hudson Valley AgriBusiness Development Corporation (HVADC) today announced a grant opportunity totaling $5 million for projects to expand existing or establish new meat processing facilities. The Meat Processing Expansion Grant Program aims to address the nationwide shortage of affordable meat available to consumers, increase capacity of New York’s processing facilities, and support agribusinesses.

Commissioner Ball said, “One of the biggest lessons we learned from the...

NW Natural Begins Producing RNG at Second Tyson Foods Facility

NW Natural, a subsidiary of NW Natural Holding Company, and BioCarbN, a developer and operator of environmental infrastructure projects, began production at a second renewable natural gas (RNG) facility, as part of an innovative project partnership with Tyson Foods.

The facility is located in Dakota City, Nebraska, with NW Natural investing approximately $12 million to convert methane captured from the facility’s operations into RNG to heat homes and businesses. The first project began at Tyson’s Lexington, Nebraska operations in January 2022...

Celebrate National BBQ Month with Affordable, Restaurant Quality Family BBQ Meals Curated by Lloyd's Barbeque

The makers of Lloyd's®barbeque products, one of the leaders in heat-and-serve barbeque in America, have again joined forces with Matt Abdoo, Executive Chef & Partner of Pig Beach BBQ to celebrate National BBQ Month in May. These barbeque icons have curated affordable and authentic barbeque meals for the entire family that are all under $25.
"What better way to celebrate National BBQ Month than bringing families and friends together over some delicious food," said Rhonda Ihrke, Lloyd's® barbeque brand manager...

Pizza Hut Brings Sirloin Steak to Restaurants Nationally for the First Time

Pizza Hut is introducing a new, craveable offering to its menu, Cheesesteak. The pizza destination is bringing grilled sirloin steak to a nationally available menu for the very first time, offering the recipe as both a pizza and a crispy handheld Melt. The two new menu items will be available at participating restaurants nationwide on May 2 for a limited time. Starting today, Pizza Hut's Hut Rewards members have exclusive access to be the first to try the Cheesesteak Melt when ordering on the Pizza Hut app...

JBS USA Announces New CEO

JBS USA today announced that current Chief Executive Officer Tim Schellpeper has made the decision to retire from his role effective May 1, 2023.

Wesley Batista Filho, with more than 13 years of experience in the company, will assume the role of CEO of JBS USA.

“We thank Tim for all of his contributions to the success of JBS USA during his tenure,” said Gilberto Tomazoni, JBS Global CEO. “Tim came out of retirement to join our team, producing record results as the head of our Fed Beef business...

Omaha Steaks New PureGround Burgers Are Next Level

After 105 years of creating one-of-a-kind experiences for people, Omaha Steaks has mastered offering premium proteins and gourmet foods to share with family and friends. Now, they’re taking their burgers to the next level with the launch of the PureGround™ Burgers, a new selection of gourmet burgers made entirely from single cuts of premium aged steak.

An authentic gourmet experience, these PureGround™ Burgers are super-juicy with a texture that delivers a luxurious bite. They are available in five delicious...

ANALYSIS: Top Butts Becoming the Top Choice?

Inflation has been top of mind for participants for quite some time now, even more so in the boxed beef markets. This concern has translated into purchasing patterns shifting a bit this year, with value becoming more of a focal point. Top Butts are the highlight here as it offers a cheaper alternative to some of those more expensive middle meat cuts like ribeyes or strips. XT Top Butts are up nearly 17% so far this year and approaching levels not seen for this time period since 2015...

ANALYSIS: Beef Cold Storage Stocks Dip Below 5-Year Average

In the latest monthly USDA cold storage report, total frozen beef stocks as of the end of March were reported at 481 million pounds, down 3.9% from February. Beef stocks were 10.3% below the year-ago figure of 535.8 million pounds, which was a seasonal all-time high. 

This drawdown is in line with seasonal trends, which indicate that cold storage stocks typically hit their annual lows during the summer months due to peak beef demand during the grilling season...

Cold Storage: End March Combined Meat/Poultry Nearly Flat on Month, +4.3% on Year

Combined meat and poultry stocks held in the nation's freezer warehouses at the end of March were reported at 2.207 billion pounds, nearly flat with the previous month but 4.3% more than a year ago, according to USDA's monthly cold storage data released Tuesday afternoon.

The combined stocks were down 3% from the five-year average of about 2.275 billion pounds.

POULTRY

Chicken stocks were reported at 854.1 million pounds, down 1.1% from last month and nearly...

Bion and Dakota Valley Growers Announce LOI for Sustainable Beef Project

Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in advanced livestock waste treatment technology and premium sustainable beef, and Dakota Valley Growers, a cattle feeder near Bathgate, North Dakota, announced a letter of intent to develop a 15,000-head sustainable beef cattle feeding operation. Annual production from the facility is expected to be approximately 42,500 head of premium sustainable beef cattle.

The Dakota Valley Growers (DVG) project will have indoor barns to ensure the cattle are adding protein instead of burning calories... 

Alef Sausage Inc. Recalls Ready-To-Eat Meat and Poultry Sausage Products

Alef Sausage Inc., a Mundelein, Ill. establishment, is recalling approximately 61,574 pounds of ready-to-eat (RTE) halal meat and poultry sausage products due to misbranding and possible temperature abuse, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced today. The products were not labeled with a handling statement indicating that they should be kept refrigerated, which could lead to temperature abuse of the products.

The RTE meat and poultry sausage products were produced and distributed into commerce on various dates from...

USDA Cattle: April 1 On-Feed Data -4.4%  from Year-Ago 

The number of cattle in U.S. feedyards with a capacity of 1,000 or more head as of April 1 was down 4.4% from a year ago, according to USDA's monthly on-feed report released Friday afternoon.

The report showed the on-feed number about 0.8 percentage point above the average guess of analysts participating in the Urner Barry survey, which was 94.8%. 

Placements in March were reported at 99.4% of a year ago, compared with the average guess of 95.2%. The range of the guesses for placements was 1%...

Bruno Beef Strips Recalls Beef Strip Products Due to Misbranding and an Undeclared Allergen

Bruno Beef Strips, a Monroe, Wis. establishment, is recalling approximately 7,452 pounds of ready-to-eat (RTE) snack stick beef strips due to misbranding and an undeclared allergen, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The product contains hydrolyzed soy protein, a known allergen, which is not declared on the product label.

The RTE snack stick beef strip items were produced from April 20, 2022 through April 4, 2023. The following products... 

Weinstein Wholesale Meats, Inc. Recalls Raw Ground Beef Burger Products 

Weinstein Wholesale Meats, Inc., a Forest Park, Ill. establishment, is recalling approximately 2,122 pounds of raw ground beef burger products that may be contaminated with extraneous materials, specifically pieces of white neoprene, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced today.

The raw ground beef burger patties were produced on March 14, 2023. The following products are subject to recall :

• 10.7-oz. vacuum-sealed packages containing two pieces of "100% Grass Fed & Finished Beef Burger Patties 85% Lean/15% Fat" and...

Rise In Consumer Demand For High-Protein Snacks Bolsters Growth

The "Global Meat Snacks Market: Analysis by Type, Source, Category, Packaging, Distribution Channel, Region, Size and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering.

The global meat snacks market in 2022 stood at US$10.05 billion, and is likely to reach US$15.13 billion by 2028.

The meat snacks market has been growing in recent years due to increasing consumer demand for convenient and healthy snack options, with a prominent factor being the rising popularity...

Tyson Foods and C.R. England Work with Kodiak Robotics to Utilize Self-Driving Trucks

Kodiak Robotics, Inc., a leading self-driving trucking company, today announced a partnership with C.R. England, Inc., one of the nation’s leading truckload carriers. To kick off the partnership, the companies have launched a pilot program to autonomously ship Tyson Foods products between Dallas and San Antonio, Texas. The deliveries will launch in April using Kodiak self-driving trucks and C.R. England refrigerated trailers. Safety drivers will be in the trucks in the initial stages of the pilot.

Testing by Kodiak...

Pre-Report Estimates for Mar Cold Storage Show Total Stocks 4.2% Above Year Ago

USDA will release its monthly cold storage report at 3 p.m. eastern time Tuesday. Bob Brown, a private analyst from Edmond, Oklahoma, provided his insight on what the latest report might show.

Frozen total meat and poultry stocks as of March 31^st are projected to be down slightly from the previous month. Overall supplies remain above year-ago levels. Brown predicts total meat and poultry stocks to be about 2.204 billion pounds.

Pork, beef, and chicken stocks are expected to be down versus the previous month...

New Consumer Survey Signals Mobile Ordering and Payment in Bars and Restaurants is Here to Stay

As the hospitality industry returns to pre-pandemic norms, Union—a data-driven hospitality engagement platform—has released a new third-party survey detailing how consumers are adapting to new technology within bars and restaurants, such as QR codes and mobile payment apps. Some of the key findings from the survey include:

Consumers have come around to QR codes, but wish they could order and pay through their mobile devices. When asked how they feel about...

Prem Meats Issues Voluntary Class I Recall of Packaged Pork and Beef Products

Prem Meats in Prairie du Sac, Wis., is issuing a voluntary Class I recall for packaged pork and beef products sold at its retail store. The affected products carry a mark of inspection with establishment No. 793 and includes:

Bacon wrapped pork loin, sold in one or two pieces in vacuum-sealed packages
Bacon wrapped tenderloin (beef), sold in one or two pieces in vacuum-sealed packages
Pork squealers, sold in one or two pieces in vacuum-sealed packages
This is a Class I recall...

The Saucy Secret is Out: Big Mac Sauce Dip Cups Are Coming to McDonald's USA

Mac sauce. Special sauce. Secret sauce. Whatever you call it, fans have been asking for an extra side of our famous Big Mac sauce for years. And now, it's finally getting its moment in the spotlight on our menu.

Starting April 27, for a limited time, we're dropping Big Mac sauce dip cups at participating restaurants across the U.S. There's only one way

to get your hands on them: by ordering on the McDonald's App*. And because we all love a... 

Walden Local Meat Co. and B. GOOD Announce Strategic Partnership 

Walden Local Meat Co., a direct-to-consumer share program that hand-delivers local, sustainably raised and sourced meat, seafood and dairy to members' doorsteps across the Northeast, and B.GOOD, an innovative, fast casual, farm-to-table restaurant chain serving wholesome food with an emphasis on sourcing locally, have announced that Walden Local Meat Co. will be the provider of ground beef for B.GOOD's hand-crafted burger patties starting today. This partnership further solidifies both brands' mission to grow local, New England communities and economies while providing... 

April 1 Cattle on Feed Projected -5.2% on Year; March Placements -4.8%

-- March placements expected on avg 4.8% below year ago; guesses range 1% to 8.5% smaller

-- March marketings seen 1.1% below last year; month had same number of weekdays vs 2022

The average guess for the number of cattle in the nation’s feedyards as of April 1 in Urner Barry’s survey was 5.2% below a year ago.

The monthly on-feed report is scheduled for release at 3 p.m. eastern time Friday.

Placements of young cattle into the feedyards in March were...

ANALYSIS: Optimism Surrounds UK Beef Ahead of King's Coronation

UK’s weather may be unpredictable, but one thing for certain is the British’s love of outdoor cooking whenever the opportunity presents itself. With the king’s coronation taking place on May 6, bullish traders expressed some optimism that the event could lend support to the beef market and there were areas of additional demand as retailers work to secure inventories for the weekend celebrations. 

It seems plausible that the retail sector will benefit from the event more than foodservice as a lot of people are expected to watch the event...

Familiarity is Key in the Meat Case During Inflationary Environment

Inflation continues to influence how and what consumers purchase at the meat case as shoppers look for ways to stretch the dollar. The latest CPI report for February showed inflation up 6% on the year. While inflation is slowing and has posted year-over-year declines for eight straight months, it remains well above the Federal Reserve's target rate of 2%.

Through February, the index for food-at-home index rose 10.2% over the last 12 months. Meanwhile, the food away from home rose 8.4% over the last year. Economists are awaiting the March 2023 CPI report, scheduled for release Wednesday morning at 8:30 Eastern time...

Momentum Continues for U.S. Pork Exports in February; Beef Exports Below Year-Ago

U.S. pork exports remained robust in February, achieving double-digit increases over last year in both volume and value, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports were lower year-over-year but improved from the low totals posted in January.

February pork exports totaled 219,729 metric tons (mt), up 11% from a year ago, while export value increased 10% to $596 million. This included a particularly strong performance for pork variety meat exports, which jumped 40%...

USMEF Says Beef, Pork Exports Provided Strong Returns for Corn, Soybean Sector

The U.S. Meat Export Federation (USMEF) said record-high values for beef and pork exports led to “significant returns” for domestic corn and soybean industries in 2022, per a study conducted by World Perspectives, Inc.

U.S. pork and beef exports contributed an estimated total economic impact of 15% per bushel to the value of corn and 13% per bushel to soybeans in 2022, according to the study.

“For every bushel of corn we marketed in 2022, a little over $1 was attributed to red meat exports and...

$3.4 Million in Matching Grants Will Help SC Beef Processors Expand, Create Opportunities for Farmer

The South Carolina Department of Agriculture is awarding a total of $3,471,088 in matching grant funding to eight South Carolina companies to help them expand their beef processing capacity.

Together, these small-facility expansions will increase South Carolina’s processing capacity by 8,300 head of cattle per year, creating new jobs and strengthening the local food system.

With an estimated economic impact of $3,500 per head, the expansions will keep approximately $29 million of economic activity in South Carolina that would...

ANALYSIS: The Outside Skirt, Seeing Outsized Moves

When slaughters contract, it is typical to see “thin meats” be the first in line to see prices rise given the lack of supply. Slaughters were curtailed back in December and ramped back up in January but have trended lower ever since as packers have worked towards positive operating margins.

Outside skirts are the highlight in this analysis as their rise has outpaced all other cuts since entering the new year. Year-to-date outside skirts have risen nearly 70% from their January lows...

Nestlé and Cargill Team Up with the NFWF to Support Sustainable Grazing Practices Across 1.7 Million

Nestlé, the National Fish and Wildlife Foundation (NFWF), and Cargill are coming together to help scale the adoption of voluntary conservation practices that help fight climate change. Through this work, the companies will support vital habitat for native wildlife, while also sustaining a robust beef supply chain. In one of the largest corporate commitments to regenerative ranching in the U.S. to date, two of the world’s largest food companies will invest a combined $15 million...

Elkhorn Valley Packing Recalls Boneless Beef Chuck Product Due to Possible E. coli Contamination

Elkhorn Valley Packing, a Harper, Kan. establishment, is recalling approximately 3,436 pounds of boneless beef chuck product that may be contaminated with Shiga toxin-producing E. coli (STEC) O103, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The boneless beef chuck items were packed on Feb. 16, 2023. The following product is subject to recall:

- Various weights corrugated boxes containing “Elkhorn Valley Pride Angus Beef 61226 BEEF CHUCK 2PC BNLS; Packed on 2/16/23...

UB Consulting: Will Growing Credit Issues Impact the Beef Market?

For many, the recent data regarding delinquency rates on credit cards and consumer loans has signaled warnings on the financial health and well-being of the American consumer.  While nowhere near historical averages, these delinquency rates have been increasing from record lows reached in 2021. With the growing concern over how these delinquency rates will impact the economy, we have decided to look at the relationship between the consumer credit markets and the beef market...

Hoyo, SBC Recalls Frozen, Ready-To-Eat Beef Sambusa Product

Hoyo, SBC, a Bloomington, Minn. establishment, is recalling approximately 1,046 pounds of ready-to-eat beef sambusa products that may be contaminated with extraneous materials, specifically thin, wire-like metal, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The frozen, ready-to-eat beef sambusa items were produced on Dec. 30, 2022, and Feb. 21, 2023. The following product is subject to recall:

- Bulk boxes containing 75 pieces of “HOYO Beef Sambusa Ground Beef Pastry with Onions and Spices” and lot code N341-S...

Urner Barry's Market Briefing Highlights Latest Action Across Protein Markets

Urner Barry is the leading provider of protein market news and information in the food industry. Through daily canvasses of the trade and an unrivaled historical database, our analysts are uniquely positioned to report on the underlying conditions and significant disruptors to the market. In this Market Briefing, Urner Barry reporters outline the latest action in the commodity protein markets, highlighting seasonal factors, disruptors, and current supply and demand fundamentals.

Click HERE to view the latest report. 

ANALYSIS: Cattle Weights Buck Seasonal Norms Due to Weather, Feed Costs

Cattle weights have been one of the many pieces to this ever-changing puzzle within the beef complex. While weights typically appreciate throughout the fourth quarter and peak in January, the industry bucked that trend this year.

There are a couple of factors that have led to this trend breaking its streak, one being pasture. Available pasture over the past two years has shrunk and was exacerbated by the drought experienced in the majority of the nation's cattle-raising regions.

Secondly, feed costs have impacted the weight situation...

Pork Exports Robust in January; Slow Start for Beef Exports

U.S. pork exports, which posted a strong finish in 2022, maintained momentum in January, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). U.S. beef exports were record-breaking in 2022 but slowed late in the year. This trend continued in January, as shipments were well below the large totals from a year ago.

January pork exports totaled 236,767 metric tons (mt), up 13% year-over-year, while export value climbed 16% to $643.4 million. Exports to Mexico, which finished...

The Retail Rundown: Key Findings From the 18th Annual Power of Meat Study

The 2023 Power of Meat Study was presented this week at the Annual Meat Conference in Dallas, Texas by 210 Analytics’ Anne-Marie Roerink. 

For this week’s retail rundown, we highlight the compelling findings from this annual report, which identified key trends from a retail meat perspective. 

Despite upward pricing pressure due to inflation, the study found that meat purchases are surpassing pre-pandemic levels. Meat had a 98% household penetration last year, making it the largest player within the fresh departments. Overall meat sales in 2022...

NCBA Calls Again for Immediate Halt to Brazilian Beef Imports

Last week, Brazil reported another atypical case of bovine spongiform encephalopathy (BSE) to the World Animal Organization for Animal Health (WOAH). That report indicated 35 days elapsed between when the case was first identified on Jan. 18, 2023, and the date it was confirmed on Feb. 22, 2023. This represents an unacceptable delay that is in clear violation of WOAH reporting requirements. It is clear that Brazil is incapable of prompt testing and the reporting requirements that all nations must follow when engaging in...

Beef Quarterly Q1 2023: China’s Reopening Provides Opportunities for Beef

Retail and farmgate beef prices cracked records in many regions in 2022, driven by elevated consumer demand and tight beef supplies. Brazil also achieved record export volumes and returns in 2022, thanks to growing Chinese demand.

The softening in consumer sentiment and subsequent weaker beef pricing in late 2022 has flowed through into early 2023. While beef supply settings are favorable for beef prices, consumer confidence will continue to be tested and have a bearing on beef returns. China will remain a focal point, as the world watches to see...

Beef is Back! El Pollo Loco Introduces NEW Double Shredded Beef Tostada Salad

El Pollo Loco, Inc. (“El Pollo Loco” or “Company”) (Nasdaq: LOCO), the nation’s leading fire-grilled chicken restaurant chain, is doubling down on delicious salads with substance with a new Double Shredded Beef Tostada Salad joining the lineup of Double Tostada Salads beloved by fans of the brand. Whether you dive into your Double Tostada Salad fork first or use the “shell as a chip” method, El Pollo Loco’s Double Tostada Salads are a filling offering with the classic El Pollo Loco “flavor you can savor...

ANALYSIS: Tripe Under Pressure

Many items in the beef varieties arena have been under pressure since mid-October and several items are currently at 52-week lows or have declined a good deal from 2022 levels. Two items following this trend are...

2022 Beef Exports Set Annual Records; Strong Finish for Pork Exports

U.S. beef exports set annual records for both volume and value in 2022, according to year-end data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports finished lower year-over-year but export value was the third largest on record, trailing only the highs reached in 2020 and 2021. Pork exports continued to gain momentum in December, led by another outstanding performance in Mexico. While lamb exports slowed in December, 2022 shipments were sharply higher than the previous two years, approaching the...

Carl's Jr. and Hardee's Introduce New Philly Cheesesteak Menu Platform

Carl's Jr. and Hardee's are releasing a new menu platform inspired by the city of Brotherly Love -- Philadelphia. The all-new Philly Cheesesteak menu platform combines the iconic Philly Cheesesteak flavor and toppings with the brands' charbroiled burger and breakfast burrito, available to consumers nationwide.

Menu items include the Philly Cheesesteak Angus Thickburger which features a one-third pound, 100 percent Angus beef patty topped with thin sliced ribeye, fire roasted onions and peppers, melty cheese and mayo served on a toasted potato bun. The menu platform also features...

Cattlemen’s Beef Board Elects New Officers At 2023 Winter Meetings

Cattle producers Jimmy Taylor, Andy Bishop and Ryan Moorhouse are the new leaders of the Cattlemen’s Beef Promotion & Research Board (CBB). This officer team is responsible for guiding the national Beef Checkoff throughout 2023.

Taylor, Bishop and Moorhouse were elected by their fellow Beef Board members during their Winter Meetings, held during the 2023 Cattle Industry Convention in New Orleans, Louisiana. Taylor, the 2022 vice chair, will now serve as the CBB’s chair, while Bishop will transition from his role as the 2022 secretary-treasurer to become the 2023 vice...

Fresh Ideation Food Group Recalls Hundreds of Sandwiches, Snacks Due to Listeria Contamination

Baltimore, Maryland-based Fresh Ideation Food Group has recalled over 400 sandwiches, snacks and other food products because they may be contaminated with Listeria monocytogenes, per a February 3 notice from the U.S. Food and Drug Administration (FDA).

The impacted products were distributed in Connecticut, District of Columbia, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, and Virginia.

The sandwiches and other products were sold in retail locations, vending machines, and during travel with transportation providers, per the FDA...

CattleFax Forecasts Producer Profitability in 2023 with Potential Drought Relief for the West

The popular CattleFax Outlook Seminar, held as part of the 2023 Cattle Industry Convention and NCBA Trade Show in New Orleans, shared expert market and weather analysis today.

Prices and profitability will again favor cattle producers in 2023. The cattle industry is entering 2023 with the smallest cattle supply since 2015 as drought caused the industry to dig deeper into the supply of feeder cattle and calves. While the exact path to drought relief is unknown, improvements are also expected to translate to moderating feed costs, especially...

NCBA Announces 2023 Policy Priorities

The National Cattlemen’s Beef Association’s (NCBA) executive committee approved the organization’s policy priorities at the 2023 Cattle Industry Convention and NCBA Trade Show, with a focus on advancing animal disease preparedness, protecting voluntary conservation programs, and defending producers from regulatory overreach.

“Our focus is helping to create opportunity for America’s cattle producers and fighting to make sure the federal government does not damage our industry,” said NCBA President-Elect Todd Wilkinson. “Cattle producers have been caretakers of the land and livestock for decades and are committed to conserving this country’s natural resources while producing...

Introducing The New Premium Steak Subscription Service Herd & Grace

Herd & Grace – the new premium delivery service for high-quality steaks sourced from pristine Australian and Tasmanian pastures – is looking to provide the best possible eating experience with world-class quality Australian beef directly to the doors of American consumers — for the first time. Herd & Grace is introducing the gift of world-class luxury and has created the perfect gift for all occasions ranging from curated boxes, custom boxes, individual cuts, gift cards and yearly subscriptions.

"For so many reasons, we think this is the very best beef available...

USDA Launches Pilot Cattle Contracts Library

The U.S. Department of Agriculture (USDA) launched its pilot Cattle Contracts Library today at Noon Eastern Time on the Agricultural Marketing Service (AMS) Cattle Contract Library webpage. The Consolidated Appropriations Act of 2022 directed USDA to create a pilot library to increase market transparency for cattle producers. This pilot library will provide new disclosure to the industry and public regarding the key terms, conditions, and volumes under which cattle are contracted, bringing sunshine to practices in what is now the largest part of the cattle market...

Thousand Hills Launches Regeneratively Raised BBQ Products

Thousand Hills Lifetime Grazed launches its new industry-leading line of American Grassfed Association-certified, regenerative, fully cooked barbeque products. Thousand Hills Lifetime Grazed new line of Barbeque Shredded Beef Brisket and Pulled Pork made with 100% grassfed beef and pasture-raised heritage breed pork come fully cooked and made with Triple Crown Organic BBQ Sauce. The barbeque products are packaged in a 14 oz. microwavable and oven-safe tray, made from recyclable materials. Each one is wrapped in an eye-catching, colorful cardboard sleeve, beautifully designed with certified regenerative agriculture statements...

The Retail Rundown: Seafood Feature Volume Increases

Seafood feature volume increased to the top spot across the protein complex this week. Seafood ads account for nearly 30% of total protein ads, while beef is a close second with 29%. Pork features claim about 23%, while chicken makes up 17%. With the holiday baking season behind us, egg features accounted for less than one percent of total retail buying opportunities.   

In the seafood complex, fresh finfish was the top seller last week with $28.3 million in total sales, or about 32% of the total seafood sales value. A deeper dive into the finfish category shows fresh salmon as the leading species among shoppers. Salmon retailed at an average of $11.24 non-discounted, versus $10.37 discounted.

Fresh cod purchases ranked second with about $19.2 million in sales for the week ended January 8. In the frozen aisle, shrimp retailed at $9.23 non-discounted, 14.5% higher than its discounted average price. Convenient prepared options including frozen seafood cakes made a splash with $560,320 in total sales, according to Information Resources, Inc (IRI) data...