TGI Fridays® is Playing Guests' Jams with New Remixed and Remastered Fan-Favorite Classics

Back by popular demand, TGI Fridays®, the world's most recognized bar and grill, is re-introducing fan-favorite appetizers, drinks, and entrées with a NEWstalgic twist – answering the requests of guests from around the globe.

Fridays™ asked its guests which menu items they missed most, those that take them back to a moment in time, much like a favorite song – and the votes are in! Fridays is throwing it back with a new limited-time, Remixed and Remastered menu, featuring a medley of...

Tyson Foods Categorically Rejects Conclusions Drawn by White House

Tyson Foods categorically rejects the conclusions drawn by the Secretary of Agriculture and the Director of the National Economic Council in a White House press briefing.

The U.S. Department of Agriculture recently published a report detailing the drivers of consumer inflation in the food sector, none of which are related to industry consolidation or scale. The report can be found here.

Increase in Beef Prices due to Unprecedented Market Conditions

As we have explained in great detail to the U.S. Senate Committee on the Judiciary, in testimony provided in August 2021, which can...

ANALYSIS: Pondering the Potential of Chicken Wings and Boneless Breasts

Chicken market participants and football fans alike are on the edge of their seats as we inch closer towards the first kickoff of the year...

ANALYSIS: Depleted Inventories Contribute to Boneless Breast Rally

Although the chicken market environment has been anything but consistent lately, that’s not to say that there aren’t some familiar tenets still shining through...

ANALYSIS: Tallying up Turkey Production

In light of seasonally stout performance, this week we thought a dive into the production side of the equation to investigate how it is influencing the '21 market was in order...

ANALYSIS: Chicken Exports: It’s A Matter of Perspective

With June’s export figures hot off the press, players are turning to the charts as they reflect on the conclusion of Q2...

ANALYSIS: Turkey Raw Materials Continuing to Ride Updraft

Following last year’s lack of seasonal underpinnings, marketers on the raw material side of the business are breathing a collective sigh of relief thanks in large part to what has, so far, amounted to be stout performance for whole muscle white meats and the related trim lines...

ANALYSIS: Frozen Turkeys Steal The Seasonal Show

It’s no secret that the majority of turkey lines are continuing to enjoy a strong showing here in early Q3. While recent market dialogue and trade activity has unquestionably gravitated towards...

ANALYSIS: Turkey Thigh Meat and Pork Ham Quotations Reaching an Inflection Point?

With Q3 in full swing, further processors, especially those who reside south of the border, are paying particularly close attention to the price relationship between boneless pork hams and turkey thigh meat...

ANALYSIS: Jumbo and Select Breast Meat Values Shake Traditional Price Relationship

Over the years, close attention has been paid to the price differential between jumbo boneless breasts and select...

Poultry Quarterly Q3 2021: Improving Local Industry Performance, Shifting Trade Flows

The outlook for the global poultry industry continues to improve. This is mainly driven by the reopening of economies as vaccination levels accelerate in developed countries and increase in emerging markets. This will help the recovery of global, regional, and especially foodservice demand, which, on average, makes up one-third of global poultry demand. As supply usually responds slowly to such increases, significant price inflation in 2H 2021 is possible, especially as feed prices remain high and avian influenza has disrupted...

PLANT PROTEIN: Get to Know Players in the Plant Protein Market: Atlast Food

Stephen Lomnes, a very “fun-gi” and President of Atlast Food, said, “We are scaling up very fast to “meat” the tremendous demand we’re seeing from our products.” Atlast Food was founded in 2020 and is a spin-off of Ecovative, a leader in the mycelium-based biomaterials sector. After successfully procuring $40 million in their latest round of investment seeking, Atlast is certainly making the most out of mushrooms. That is where MyBacon comes in.

“We believe that nature has already created the best plant-based meats with gourmet, exotic mushrooms that have been growing in the wild for thousands of years. However, these particular exotic mushrooms that mimic the taste and texture of meat are often hard to find, only grow during...

Fourth of July Cookout Cost Stable Compared to Year Ago

U.S. consumers will pay just a few cents more for their favorite Independence Day cookout foods compared to last year, including cheeseburgers, pork chops, chicken breasts, homemade potato salad, pork & beans, strawberries, potato chips, fresh-squeezed lemonade and vanilla ice cream with chocolate chip cookies for dessert.

Farm Bureau analysis reveals the average cost of a summer cookout for 10 people remains affordable at $59.50, or less than $6 per person. The cost is up just 16 cents (less than 1%) from last year, but...

USAPEEC: Latest Update On the South Korea HPAI Egg Situation

Since the Highly Pathogenic Avian Influenza (HPAI) broke out, the consumer price of the egg has been soaring. However, at some point, the egg price is expected to fall from mid-year 2021. According to the Korea Agro-Fisheries & Food Trade Corporation (aT), on June 11th, the domestic price of an egg tray, which is formed of 30 shell eggs, rose 46 percent to 7,557 KRW (6.69 USD), from 5,179 KRW (4.59 USD) the average year.

The HPAI has died down, but the price has not yet come down with it. With the prolongation of COVID-19, consumers tend to stay indoors and avoid eating out. The change in consumer behavior caused an increase in the demand for the egg. According to the Korea Rural Economic Institute (KREI), the average purchase of eggs per household in the first quarter of 2021 was...

NCBA-Won Funds Going Toward USDA Grants for Small, Independent Processors

The U.S. Department of Agriculture (USDA) announced the creation of two new, competitive grant funding opportunities for small, regional, and independent meat processors using funds the National Cattlemen's Beef Association (NCBA) worked to secure at the end of last year. After fighting hard for several key priorities for cattle producers in the Consolidated Appropriations Act of 2021, NCBA praised USDA for putting $55.2 million of those funds toward the critical need for greater beef processing capacity.

The competitive grant funding will be available through the new Meat and Poultry Inspection Readiness Grant (MPIRG) program. The funds will support small beef processing facilities making the improvements necessary to...

ANALYSIS: Price Inflation Across All Urner Barry Indices

Price inflation remains top of mind for many. Supply constraints across all proteins combined with robust demand has...

Beef Quarterly Q2 2021: Record Prices, but Will They Last?

Many key beef production and consumption areas across the world are currently experiencing high or record prices for beef or cattle. We explore what is driving this and whether it will last. There are also several other issues affecting global beef markets at present.

Covid-19

The rollout of vaccines, the transition to robust economic growth, and the advance of the northern hemisphere summer see many areas experiencing lower Covid case numbers and higher economic activity. With restrictions being eased, foodservice sales are also...

ANALYSIS: April Chicken Cold Storage Holdings: A Continuation of a Familiar Trend

Several months ago, we assessed the near universal downturn in cold storage holdings exhibited by key lines within the chicken complex, and by the looks of the USDA’s most recent report...

ANALYSIS: Strong Demand Keeps Frozen Pork and Beef Inventories Tight 

According to the latest USDA monthly cold storage report, released Monday afternoon, frozen beef and pork stocks at the end of April remain...

ANALYSIS: Chicken Boneless Breasts and the Jumbo/Medium Spread

Since their inception to the Urner Barry price sheet back in late 2009, medium-sized boneless breast quotations have...