The Retail Rundown: Holiday Features in Full Display
In the final stretch to Thanksgiving, turkey ads dominate protein advertisements this week with 29 percent, up from 11.8 percent the week prior and surpassing pork's 26.4 percent. Seafood ads come in at 20.2 percent, followed by beef at 16.4 percent. Chicken takes 6 percent, while eggs still have less than one percent of retail buying opportunities.
Fresh whole turkeys account for half of all turkey promotions, with frozen turkeys making up 40.5 percent. While turkeys take center stage, the holiday season also lifts demand for cold-weather comfort foods and convenient...
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Each Thanksgiving Dinner Requires a National Effort
As friends and family sit down for a Thanksgiving dinner, very few are aware that the feast on their table is a culmination of efforts of farmers from every corner of the United States. American Farm Bureau Federation economists analyzed the production of the ingredients that go into a classic Thanksgiving dinner, detailing which states produce the most commodities and the production value of those items. The Market Intel provides context to AFBF’s annual Thanksgiving dinner cost survey, which found the average cost of this year’s classic...
Meat Institute Appoints Nicole Johnson-Hoffman as COO, Bryan Burns Promoted to General Counsel
The Meat Institute has appointed Nicole Johnson-Hoffman as its new Chief Operating Officer (COO), starting in January 2025. She will transition into the role as the current COO, Mark Dopp, prepares to retire in March 2025. Johnson-Hoffman brings extensive experience in the regulatory, legal, and sustainability aspects of the animal protein industry, with previous roles at Cargill, OSI Group, and as CEO of the cultivated meat startup Future Meat Technologies.
In addition, Bryan Burns, Vice President and...
ASEAN Customers Study U.S. Pork and Beef in Trend-Setting Korea
To expand the range of U.S. pork and beef cuts in the ASEAN, USMEF led retail and foodservice teams to Korea to study how U.S. red meat is utilized.
Characterized by the growth of single-person households and growing demand for quality and convenience, the Korean food industry has invested heavily in new product development and has become an innovator in its uses of U.S. pork and beef. USMEF recently brought teams of retail and foodservice customers from the ASEAN region to Korea to study new products...
HPAI H5N1 Virus in Dairy Cattle – What We Know
In March 2024, Highly Pathogenic Avian Influenza (HPAI) A (H5N1), commonly referred to as bird flu, was confirmed in domestic U.S. livestock for the first time in a dairy operation in Texas. Since then, the virus has spread to 675 dairy operations across 15 states, raising widespread uncertainty throughout the dairy and livestock markets. Industry participants have raised concerns about the outbreak's potential impact on consumer perception and demand for dairy and meat products, though government agencies reiterate that the national food supply remains safe. Expana is closely monitoring the situation...
Subway Announces CEO Transition
Subway, one of the world's largest restaurant brands, today announced that John Chidsey, Global Chief Executive Officer (CEO), will retire from the company at the end of 2024, after five years of exceptional leadership in the role. Carrie Walsh, Subway's current President of Europe, Middle East and Africa (EMEA) and former Global Chief Marketing Officer (CMO), will assume the role of Interim CEO, while a search is conducted to identify John's permanent successor.
"I am honored to step into the role of Interim CEO, continuing to drive key initiatives to help...
ANALYSIS: U.S. Imported Beef Least Cost Formulation Effects on Mixed Trimmings 85% in Fall 2024
Throughout the course of October, Aus/NZ MXT 85 on the spot market dropped in value by $18/cwt after trading at $289/cwt levels at the end of September. Entering November, the number was at $271/cwt and has remained generally steady at that mark.
End users of boneless beef trim typically use different lean percentage items to formulate their finished products. Given this flexibility, buyers can select from different trim options based on price and specific...
Brazil Opens New Markets in China and Increases Number of Authorised Meatpacking Plants
During Chinese President Xi Jinping's visit to Brazil on 20 November agreements were signed on the opening of five new markets and certifying of 38 new meatpacking plants.
The Brazilian Ministry of Agriculture and Livestock (Mapa) finalized four phytosanitary protocols in collaboration with China's General Administration of Customs (GACC). These agreements enable exports of fresh grapes, sesame, sorghum, and fish-derived products such as fish meal and oil for animal feed to China. Earlier in June, China approved Brazilian pecans for import...
FSIS Issues Public Health Alert for Ineligible Beef Tallow Products Imported From Mexico
The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for beef tallow products that were illegally imported from Mexico and are ineligible for entry into the United States. The products were not certified for export to the U.S. by the government of Mexico as being produced under equivalent inspection, they do not identify a certified establishment number on their packaging, and they were not presented to FSIS for import reinspection as required. These factors make the products...
Mexican Cattle Imports to U.S. Suspended Following New World Screwworm Detection
On November 22, 2024, Mexico's Chief Veterinary Officer notified the United States Department of Agriculture's (USDA) Animal and Plant Health Inspection Service (APHIS) of a confirmed case of New World screwworm (NWS) in a cow in Chiapas, located near the Guatemalan border.
NWS, the larvae of a fly species, infest and feed on the living tissue of warm-blooded animals, posing a significant threat to livestock and other animals.
"With the northward spread of NWS, APHIS has ramped up its collaboration with Central American countries to combat this pest in affected regions," said Dr. Rosemary Sifford, Chief Veterinary Officer of the United States. "This recent detection in Mexico underscores the need to intensify these efforts to protect U.S. agriculture and restore the Central American barrier."...
NPPC Celebrates Senate Passage of Beagle Brigade Act, Urges House Passage
The National Pork Producers Council (NPPC) celebrated the U.S. Senate’s unanimous passage of S.759, the Beagle Brigade Act, which provides statutory authority and reliable funding to the National Detector Dog Training Center.
“American agriculture relies on the National Detector Dog Training Center to prevent the introduction of foreign animal and plant diseases that would cripple our food supply,” said Lori Stevermer, NPPC president and pork producer from Easton, Minnesota. “For the pork industry, the ‘Beagle Brigade’ is the...
USDA's FSIS Shuffles Leadership
The U.S. Department of Agriculture's (USDA) Food Safety and Inspection Service (FSIS) has announced leadership changes aimed at advancing its public health mission. Dr. Denise Eblen, previously FSIS’ Assistant Administrator for the Office of Public Health Science, has been named FSIS Administrator. With 25 years of experience at USDA, Dr. Eblen will continue to lead the agency in using science-based decision-making to modernize inspection strategies and improve public health.
Paul Kiecker, with over 30 years of experience at FSIS, will become Assistant Administrator of...
Yu Shang Food, Inc. Recalls RTE Meat and Poultry Products Due to Possible Listeria Contamination
Yu Shang Food, Inc., a Spartanburg, SC, establishment, is recalling approximately 72,240 pounds of ready-to-eat (RTE) meat and poultry products within their shelf life that may be adulterated with Listeria monocytogenes, according to the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS). This release is being reissued to expand the scope of the November 9, 2024, recall.
All ready-to-eat products produced prior to October 28, 2024, are subject to recall. View full product list. View labels...
Publix Names Vice President of Finance
Today, Publix Super Markets CEO Kevin Murphy announced the promotion of Doug Stalbaum to vice president of finance, effective Jan. 1, 2025.
Stalbaum, 45, joined the company in 2019 as director of business analysis and reporting, and was promoted to his current role, vice president and controller, in 2022. Prior to joining Publix, he was a senior audit manager at an accounting firm for eight years, senior director and controller at a restaurant chain for six years and director of finance at a furniture retailer for three years. He currently...
Wolverine Packing Co. Recalls Ground Beef Products Due to Possible E. Coli O157:H7 Contamination
Wolverine Packing Co., a Detroit, Mich. establishment, is recalling approximately 167,277 pounds of ground beef products that may be contaminated with E. coli O157:H7, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The fresh products have a “use by” date of 11/14/2024 and the frozen products are labeled with production date 10 22 24. View full product list. View labels.
The products subject to recall bear establishment number “EST. 2574B” inside the USDA mark of inspection....
McDonald’s Gets Saucy This Holiday Season to Celebrate the Return of the McRib® Sandwich
The wait is finally over. Starting Dec. 3, for a limited time, your favorite saucy sandwich – the McRib – returns to participating restaurants just in time to satisfy your holiday cravings. After all, ‘tis the season…McRib SZN, that is.
The Sauciest Time of the Year
For the first time ever, we’re giving fans a chance to savor the McRib’s signature flavor. Introducing: A Whole Lotta McRib Sauce, a half-gallon jug of the iconic McRib sauce – perfect for...
ANALYSIS: Demand Outpaces Supply for Brazilian Beef
The Brazilian ”Boi Gordo” cattle price index reached BRL 344.20/15 Kg as of November 18 close, marking a year on year increase of 46%. According to Expanas Brazilian Beef Analyst, Augusto Eto, the increase is due to high demand from both domestic and export markets, a reduction in the supply of animals ready for slaughter and a favorable exchange rate with the Brazilian Real weakening approximately 18% against the U.S. Dollar since the beginning of the year.
Data from the Brazilian Institute of Geography and Statistics (IBGE)...
ANALYSIS: Mexican Beef Cutout Dynamics
In 2024, the Mexican beef market experienced significant shifts, driven by fluctuating domestic and export opportunities. By mid-November, the total carcass value reached MXN 107.91/kg, marking steady price increases across most primal categories. These increases have been the result of consistent interest across all segments of the market, fueled by higher domestic consumption and increased exports. This dynamic has led to a generalized rise in primal values, ultimately pushing the overall cutout to...
Ribs have emerged as the top-performing category, closing at MXN 134.49/kg, driven by...
ANALYSIS: China’s Oct 2024 Beef Imports Rebound to 7-Month High at 237,264 mt
China's October 2024 beef imports rose to a 7-month high to 237,264 metric tonnes (mt), according to the latest data from the General Administration of Customs People's Republic of China.
Increasing by 8.7% month-on-month (m-o-m), October 2024’s imports rose by 19,066 mt from September 2024’s 5-month low. This rebound was primarily fuelled by stronger shipments from Brazil, its largest supplier, along with notable contributions from Uruguay and New Zealand.
Year-on-year (y-o-y), imports...
PODCAST: Agri-Food for Thought Ep 17 - Thanksgiving Turkey Prices Cheaper in 2024
Jamie chats with Turkey market analyst, Matt Busardo, on the 2024 Thanksgiving cost profile.
Chipotle Reaches 1,000th Chipotlane Milestone
Chipotle Mexican Grill announced today the opening of its 1,000th Chipotlane restaurant on Thursday, November 21. Located in the Kansas City metro area, the milestone restaurant will feature the company's signature digital order drive thru pick-up lane. Of the company's more than 3,600 restaurants in its real estate portfolio, nearly 30% feature a Chipotlane.
"Chipotlanes are a critical piece of our long-term growth goal of reaching 7,000 restaurants in North America," said Chris Brandt, Chief Brand Officer. "This restaurant format
is the fastest way for fans to...
Pork Producers Deeply Disappointed in Senate Democrats’ Failure to Address California Prop. 12
The National Pork Producers Council (NPPC) issued the following statement after the unveiling of Senate Democrats’ 2024 Farm Bill text by U.S. Senate Agriculture Committee on Agriculture, Nutrition, and Forestry Chairwoman Debbie Stabenow (D-MI).
“Though America’s pork producers appreciate Chairwoman Stabenow’s efforts to publish Farm Bill text, this is simply not a viable bill, as it fails to provide a solution to California Prop. 12,” said NPPC President Lori Stevermer, a pork producer from Easton, Minn. “Pork producers have...
USDA Announces More than $2 Billion to Strengthen Specialty Crops Sector, Expand Crop Storage
Today, Agriculture Secretary Tom Vilsack announced the creation of new programs that will help farmers who grow fruits, vegetables, and nuts overcome market barriers for their products, and help producers access necessary pre-market storage for their crops following severe weather events, including recent hurricanes. Specifically, the new Marketing Assistance for Specialty Crops initiative will provide $2 billion to assist specialty crop growers in maintaining a strong domestic supply and expanding market opportunities for their crops...
ANALYSIS: U.S Beef Tenderloin Holiday Trends
With Thanksgiving in view, it seemed to be a good time to give an update on beef tenderloins as the next slated holiday will be Christmas and New Years. Tenderloins have had a rough year when comparing prices year-over-year. On average, prices have tracked about 10% below year-ago levels for choice tenderloins. Speaking to the cost-conscious environment, the beef industry has found itself in this year. Fast-forward to today’s price, choice tenderloins currently sit at $15.75/lb. which is about 6% below year-ago levels for the same...
The Retail Rundown: Turkey Takes the Spotlight
According to Circana data, fresh whole turkeys were featured at an average discounted price of $1.48 per pound last week, up from $1.27 per pound during the same period last year.
The most popular turkey sizes, 10–15 and 16–24 pounds, averaged $1.34 per pound, compared to $1.00–$1.10 per pound last year. These prices reflect pre-promotion rates and do not account for additional discounts or free turkey offers.
Whole turkeys are often used as loss leaders to increase holiday store...
Cook brings with him more than 20 years of relevant experience. In his previous role, he served as Chief Financial Officer for the U.S. Domestic segment at United Parcel Service (UPS) and also held leadership roles in Investor Relations and Treasury.
Cook will report to the President and Chief Financial Officer, Kirk Tanner and will serve on the company's Senior Leadership Team. His experience will help shape a...
Shareholders Overwhelmingly Approve the Change in Company Name to The Campbell's Company
Today, shareholders approved the change of the company’s official name from Campbell Soup Company to The Campbell’s Company (NASDAQ:CPB) (Campbell’s). The change reflects the company’s broad portfolio of leadership brands, from Campbell’s soup to Goldfish crackers and Rao’s pasta sauce. The new name will be effective following the filing of an amendment to the company’s certificate of incorporation with the state of New Jersey.
“This subtle yet important change allows us to retain the iconic name recognition, reputation and equity we have...
Wahlburgers Debuts Limited-Time Triple Threat Slider Flight
Wahlburgers invites fans on a flavorful journey with its new Triple Threat Flight — a trio of sliders with a bold mix of tastes that will keep guests on their toes beginning Tuesday, Nov. 19, and through the Big Game.
Priced at $12.95*, the thrilling lineup includes the following sliders prepared for takeoff:
ANALYSIS: Record September for U.S. Pork Exports as Markets Shift
The U.S. pork export market has taken center stage recently, with USDA data for September revealing a record-high export volume of 549 million pounds—the highest for this month in 54 years. This milestone reflects the U.S.'s growing strength in global markets, bolstered in part by declining European pork production, which has diminished their export presence.
Year-to-date, U.S. pork exports are up approximately 5% compared to this same period last year, though they remain slightly below 2021 levels...
ANALYSIS: Korea's Oct 2024 Beef Imports Climb to 9-Month High, In-Month Volumes Highest Since 1994
Korea’s October 2024 beef imports rose to the highest levels since January 2024, reaching 46,697 mt, according to the latest Korea Customs Service data.
Volumes surged by 21.0% (8,117 mt) month-on-month (m-o-m), fuelled by higher imports from its key suppliers, Australia and the United States (US).
In-month October 2024's figures were the highest on record since 1994, driven by subdued imports earlier in the year and a rush...
New FMI 2024 Reports Examine Grocery Shopping Trends for The Holidays and Retail Foodservice
Despite ongoing concerns about food prices, shoppers feel more confident in managing their grocery budgets ahead of the holidays, according to FMI —The Food Industry Association’s annual U.S. Grocery Shopper Trends: Holiday Season report. These findings are further supported by FMI’s newly released ninth-annual Power of Foodservice at Retail report, which found that retail foodservice purchases continue to play a key role in shoppers’ meal preparation.
Consumers report a strong sense of excitement and enthusiasm for the holiday season despite...
Whetstone Distribution Acquires Chicago-Based Anmar Foods
Whetstone Distribution has acquired Anmar Foods, a Chicago-based meat producer specializing in beef, turkey, chicken, and other animal proteins, including pork, lamb, sausages, and smoked products.
The acquisition is part of Whetstone’s strategy to expand its regional customer base. The company recently bought several other Chicago-based businesses, including Fulton Market and Pritzlaff Wholesale Meats, as well as Moesle Meats and Queen Foods...
Kroger Reveals Customer Thanksgiving Favorites and Grocery Shopping Habits in Time for The Holidays
In preparation for Thanksgiving, The Kroger Co. surveyed customers to see how they plan to shop and what they plan to eat during the holidays this year.
"Thanksgiving is such a special time of year and we take pride in knowing exactly what is important to our customers during this holiday season," said Tom Duncan, Vice President, Head of Marketing at Kroger. "No matter how they choose to celebrate, we're happy to provide our customers with value on the items they need...
The Meat Institute and the American Meat Science Association Announce
The American Meat Science Association (AMSA) and the Meat Institute today announced a partnership to manage the popular Meat Buyer’s Guide (MBG) with editions to publish in 2024 and 2025.
This agreement will ensure the continuity and future development of an essential industry resource. The phased upgrade of the Meat Buyer’s Guide is set to begin with an initial print run in December 2024, followed by a comprehensive update and re-release scheduled for 2025.
The MBG, first published in 1961, summarizes the USDA’s Institutional Meat Purchase...
Panera Brands Announces New Independent Board Appointments
Panera Brands Inc., which includes the iconic fast-casual concept Panera Bread as well as the Caribou Coffee and Einstein Bros. brands, today announced appointments to its Board of Directors to bolster its restaurant industry experience as the company prepares for its next phase of growth. Patrick Grismer, previously Chief Financial Officer of Starbucks and Lead Independent Director of Panera, has been named Board Chair. Additionally, industry veteran David Deno has joined the Board and will assume the role of Audit Committee Chair, effective immediately...
Meatable Welcomes Strategic Investment From Betagro, a Leading Meat Industry Company
Meatable, the pioneering cultivated meat technology company dedicated to creating sustainable, real meat without harming animals, is excited to announce a strategic investment from Betagro Ventures, the corporate venture capital arm of one of Asia’s most prominent food companies based in Thailand. This partnership is a landmark achievement as Betagro becomes the first meat company in Asia to invest in Meatable, highlighting its commitment to innovative, sustainable food solutions. It reinforces Meatable’s mission to reshape the future of protein production as global...
Kingswood Capital Management Acquires Branding Iron Holdings, a Leading Protein Provider
Kingswood Capital Management, LP (together with its affiliates, “Kingswood”) announced today that it has acquired Branding Iron Holdings (“Branding Iron” or “the Company”), an industry-leading provider of branded and private label protein products, including beef and pork, with a core focus on frozen and refrigerated ground meats. This represents the latest investment for Kingswood in the food and beverage industry.
“It was important to us to identify a long-term partner who will help us grow and support customers across...
Campbell’s Appoints Daniel L. Poland Chief Enterprise Transformation Officer
Campbell Soup Company today announced the appointment of Daniel L. Poland to the newly created role of Executive Vice President and Chief Enterprise Transformation Officer, effective immediately. Poland will continue to report to President and Chief Executive Officer Mark Clouse and remain a member of Campbell’s Operating Committee.
Poland will lead a new Enterprise Transformation Office to accelerate business performance, elevate capabilities, and drive continuous improvement. Campbell’s Enterprise
Kroger's Freshgiving Prices are Lower than Everyday Low
The Kroger Co. today shared its zero-compromise Freshgiving meal offering customers a holiday basket that includes all the staples for less than $4.85 per person—even more affordable than the retailer's turkey day bundle last year. Complete with pumpkin pie, turkey at the center of the plate and plenty of fresh sides, this feast is sure to please.
This season, Kroger is once again offering customers an affordable meal with zero-compromise on value, convenience or quality.
"As families gather together to give thanks...
Circana Reports Nearly 80% of Thanksgiving Meals Are Homemade, as Consumers Embrace Traditions
Circana™, a leading advisor on the complexity of consumer behavior, today released its annual Thanksgiving Outlook, providing key insights into projected consumer purchasing behaviors and attitudes for 2024. This year’s analysis highlights the enduring popularity of Thanksgiving traditions, providing actionable insights to help manufacturers, retailers, and marketers develop merchandising and promotional strategies to engage consumers and drive growth throughout the Thanksgiving season.
The week prior to and the week of Thanksgiving are essential for driving sales, though some...
McDonald’s USA, Syngenta and Lopez Foods Collaborate to Help Produce Beef More Sustainably in the US
McDonald’s USA, one of the largest fast food restaurant chains, Lopez Foods, a multi-protein producer and long-term supplier to McDonald’s, and Syngenta North America, a leader in agricultural technology, today announced a collaboration that aims to increase feed efficiency and help reduce the amount of greenhouse gas emissions released per pound of meat produced, as part of efforts to improve the sustainability of beef production.
Enogen® corn is an in-seed innovation available exclusively from Syngenta, that...
7-Eleven, Inc. Unwraps Delicious Holiday Hot Food Deals to Satisfy Seasonal Cravings
Tis the season for sweet savings! 7-Eleven, Inc. is ringing in the holidays with irresistible deals that will delight taste buds and make celebrations merry and bright. From savings on pizza that the whole family can enjoy to mini chicken quesadillas and tacos that are perfect for gatherings or a cozy night in, customers can savor 7-Eleven's latest mouthwatering new items and discounts at participating 7-Eleven®, Speedway® and Stripes® stores, including...
Expana's 2024 Thanksgiving Dinner Index Dips by 3.3%
Expana’s Thanksgiving Dinner Index, which measures price fluctuations across key food commodities that make up a traditional Thanksgiving dinner, fell by 3.3% year-on-year (y-o-y) in October 2024.
This year’s Thanksgiving Index paints a nuanced picture of the holiday meal. While some ingredients are more affordable this season compared to a year ago, others remain costly due to supply chain and production issues...
The Retail Rundown: This Year's Thanksgiving Dinner May Cost Less
This week’s protein promotions spotlight seafood, which makes up 33.1 percent of all ads, with pork following at 25.6 percent and beef at 24.3 percent. Chicken features come in at 13 percent, while turkey ads saw a small increase to 3.8 percent, up from 3.3 percent last week but below the 5 percent seen two weeks prior.
Frozen turkeys make up 27 percent of all turkey ads, up 25.7 percent last week, with prices ranging between $2.79 and $5.00 discounted last week.
According to the Expana Thanksgiving Dinner Index 2024...
Philippines Surpasses China in Brazilian Pork Imports as Sector Hits Record Shipment Revenues
The Philippines has emerged as Brazil's largest export market for pork in 2024 with 206,000 tonnes shipped between January and October, a 103% year-on-year increase, displacing China as the top importer who, during the same period purchased 199,900 tonnes, down 41% according to The Brazilian Animal Protein Association (ABPA).
In October 2024, Brazil's pork exports, including fresh and processed products, reached 130,900 tonnes, representing the second-highest monthly total in the industry’s history and a 41% increase from the 93,000 tonnes...
Subway Unveils New Global Restaurant Design
Subway®, one of the world's largest restaurant brands, is introducing "Fresh Forward 2.0." Rolling out globally in 2025, the next iteration of its global restaurant image is designed to further enhance the guest experience, improve convenience and help drive franchisee profitability.
Since the launch of the initial Fresh Forward design in 2017, over 20,000 restaurants worldwide have remodeled or built new locations in Subway's modern image, helping reset brand perceptions, grow sales, and reenergize franchisees and their teams. Fresh Forward 2.0, builds on that...
Chipotle Names Scott Boatwright Chief Executive Officer and Member of the Board
Chipotle Mexican Grill today announced that after a robust and thorough process, its Board of Directors has appointed Scott Boatwright as chief executive officer and a member of the board, effective immediately. Prior to being named Interim CEO in August, Boatwright served as chief operating officer, reporting directly to the company's CEO since 2017.
Responsible for more than 125,000 employees and over 3,600 restaurants, Boatwright has been a driving force for improving the company's overall guest experience. In addition...
Thanks a Million, America! Burger King® Gives Away One Million Whopper® Sandwiches for Just $1
To say thank you to everyone who submitted their dream Whopper creation in the Million Dollar Whopper Contest, Burger King is serving up one million original Whopper sandwiches for just $1 starting Nov. 12 – while supplies last;
Starting Nov. 14, after much anticipation, Burger King Guests can enjoy the three finalist Million Dollar Whopper Contest builds and help crown the winner of the $1 million grand prize
Earlier this year, Burger King introduced...
Applebee’s Introduces NEW Really BIG Meal Deal
Enjoy the NEW Big Cluckin’ Chicken Sandwich or BIG Classic Bacon Cheeseburger, served with Classic Fries and a fountain drink for just $9.99; Available for both dine-in and To Go
Applebee’s is going BIG with the debut of its NEW Really BIG Meal Deal featuring the NEW Big Cluckin’ Chicken Sandwich and BIG Classic Bacon Cheeseburger served with Classic Fries and a fountain drink for only $9.99!* Big Taste, Big Flavor and Big Value, the Applebee’s NEW Really BIG Meal Deal is available now for...
CJ Logistics America Opens New Cold Storage Warehouse in Georgia
CJ Logistics America, a leading innovative supply chain and technology company, has officially opened its new cold storage warehouse in Gainesville, Georgia.
First announced earlier this year, this 270,000 square foot facility is located in the heart of the poultry production capital of the world and offers direct access to major highways and railways, including I-985, I-85 and the Norfolk Southern railway system.
The building features Alta EXPERT Refrigeration Systems and QFM blast freezing, advanced cold chain technologies that ensure CJ Logistics America’s...
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...
ANALYSIS: September USDA Data Shows Strong Growth in U.S. Pork Exports
The latest USDA export data for September paints a positive picture for the U.S. pork industry, with total pork exports reaching their highest levels in a decade. This impressive growth, a 7.2% surge compared to September of last year, is a continuation of a positive trend that began in mid-June.
Emerging markets in Latin America continue to be a significant driver of growth in U.S. pork exports. Central and South America experienced impressive year-over-year increases of 30.1% and 43.2%, respectively. Caribbean destinations such as the...
ANALYSIS: China’s Oct 2024 Meat Imports Extend 15-Month YoY Decline Streak, Reaching 534,675 mt
China’s total meat imports, including variety meats in October 2024 were recorded at 534,675 metric tonnes (m)t, based on the latest preliminary data from the General Administration of Customs of the People's Republic of China.
Imports dipped by just 1.1% m-o-m (-5,868 mt), falling for the second month, as firmer winter demand offset any significant declines.
Volumes were also supported by its major supplier Brazil’s beef exports hitting record highs, but its poultry exports to China have...
Brazilian beef exports surged to a new record of 270,331 MT in October, reflecting a 7.4% increase from September's previous high at 251,749 MT, according to the latest data released by the Brazilian Ministry of Development, Industry, Trade and Services. This volume also marks a significant 45.2% rise compared to the same month last year. Notably, Year-to-Date beef exports for 2024 have already surpassed the total volume exported in all of 2023, reaching 2,116,308 MT. If this strong pace continues...
USMEF Conference Opens with Election Analysis and Focus on U.S.-Mexico Trade Relations
The U.S. Meat Export Federation (USMEF) launched its annual strategic planning conference in Tucson, Ariz., Wednesday with an analysis of the U.S. election’s potential impact on agricultural policy and international trade. USMEF members also received an in-depth look at the new administration in Mexico, as the United States prepares for a critical phase of trade relations with the largest export destination for U.S. red meat.
USMEF President and CEO Dan Halstrom opened the conference with an overview of U.S. red...
ANALYSIS: Uruguay’s Beef Exports See 11.3% Monthly Rise in October, Yet Decline 11.9% Y-o-Y
In October 2024, Uruguay’s fresh beef exports reached 28,512 MT, based on the latest data from the Uruguayan National Customs Directorate. This is 11.3% higher than the previous month and marks a 11.9% drop Y-o-Y. On a YTD basis, cumulative exports now stand at 292,422 MT, up by 2.2% compared to the same period last year. Uruguay’s annual performance indicates resilience in export volumes, with exporters adjusting destination strategies in response to fluctuating demand and price conditions...
Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Third Quarter Ended October 6, 2024
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 third quarter ended October 6, 2024.
Highlights for the Third Quarter of Fiscal 2024, Compared to the Third Quarter of Fiscal 2023:
US Foods Reports Third Quarter Fiscal Year 2024 Earnings
US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the third quarter fiscal year 2024.Third Quarter Fiscal Year 2024 Highlights
USDA Animal and Plant Health Inspection Service Shares Update on H5N1 Detection in Oregon Swine
Today, the U.S. Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) is sharing key updates regarding the detection of HPAI H5N1 in a backyard farm operation in Crook County, Ore., as well as additional information about the agency’s proactive efforts to protect livestock, farms and communities from avian influenza.On Wed., Oct. 30, USDA APHIS announced that H5N1 avian influenza was detected in one of the pigs at this backyard farm, that two pigs tested negative...
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...
Foodservice and Retail Merge as Boundaries Blur in a Transforming Market, Reports Circana
Circana, a leading advisor on the complexity of consumer behaviour, reports key shifts in the foodservice industry, revealing that traditional boundaries between foodservice and retail are becoming increasingly blurred.
The research, based on Circana’s comprehensive CREST data, reveals that European consumers spent €888 billion on food and beverages in the past year, with 37% of that dedicated to ‘immediate consumption’ options across both retail and foodservice channels.
The immediate consumption category includes food and drinks purchased for immediate use...
ANALYSIS: Imported Boneless Beef Trimmings from Argentina to the U.S. Hit All-Time High
According to the latest Meat Passed for Entry Report issued by the Food Safety and Inspection Service (FSIS) released on November 1st, Argentina passed 2,019 MT of boneless trimmings into the United States on the week of October 21st. This marks a record high for Argentine imports to the United States. The last record high spike occurred in September of 2020 when 1,535 MT of boneless trimmings were imported from Argentina. Still, that is a 31.53% increase from the last spike to the most recent one...
Lineage, Inc. Reports Third-Quarter 2024 Financial Results
Lineage, Inc., the world’s largest global temperature-controlled warehouse REIT, today announced its financial results for the third quarter of 2024.
Third-Quarter 2024 Highlights
Trump's Return Could Spark Major Shifts in Agri-Food Trade
Donald Trump secured a victory over Kamala Harris in the 2024 U.S. Presidential Election on November 5, marking a return to leadership that could bring sweeping changes to the agricultural commodities markets.
With a second term, Trump’s decisions could pave the way for notable shifts within trade policy, foreign relations and regulatory approaches.
At Expana’s Agri-Food Americas conference in Chicago last month, Alex Kazan, Partner and Geopolitical Co-Lead, Brunswick Group explained the massive impact the 2024 election would have on agricultural markets...
Red Lobster Appoints Larry Konecny as Chief Operating Officer
Red Lobster® today announced the appointment of Larry Konecny as Chief Operating Officer (COO). In this role, Konecny will lead the operational strategy for Red Lobster's 545 restaurants across the United States and Canada. Reporting directly to CEO Damola Adamolekun, he will drive initiatives to deliver elevated food quality, customer service, and operational efficiency, while fostering a culture rooted in teamwork and excellence.
"Larry brings an exceptional combination of operational expertise, a passion for developing high-performing teams, and a genuine understanding of what it...
ANALYSIS: Australia's Oct 2024 Beef Exports Hit Fresh All-Time High; YTD Exceeds 1 Million Mt
Australia’s beef and veal exports for October 2024 reached a fresh all-time high at 130,048 mt, according to the latest figures from the Department of Agriculture, Fisheries, and Forestry (DAFF).
While October 2024 export figures exceeded July 2024’s high of 129,998 mt by a narrow margin of 50 mt, they reflected a month-on-month (m-o-m) increase of 14.0% (+16,002 mt). This rise was driven by higher shipments to key destinations, including the...
ANALYSIS: U.S Choice Bone-In Ribs Rise into the Holiday Period
As the holiday season approaches, Choice bone-in ribs have returned to the conversation. Looking back, this item has shown consistent upward momentum over the past month. It started October at $9.24/lb., approximately 10% lower than its year-ago level. Since then, the price has steadily risen to its current value of $11.03/lb., or roughly a 19% increase, surpassing 2023 year-to-date price of $10.93/lb.
In a similar trend, 2023 also saw...
The Retail Rundown: Holiday Countdown Rapidly Winds Down
With Thanksgiving just three weeks away, the holiday rush is fueling retail traffic as shoppers stock up on essentials. This week, turkey promotions account for 3.3 percent of all protein ads, down from 5 percent the previous week. The number of grocery chains featuring turkeys also declined, with 39 chains participating, compared to 49 chains a week earlier.
Despite fewer promotions, fresh whole turkey sales rose week-over-week, reaching $1.3 million last week, up from $909,368 the week prior, according to Circana...
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...
2024 Presidential Election Poised to Reshape U.S. Commodity Markets
As the 2024 Presidential Election quickly approaches, industry stakeholders are closely watching how the outcome could impact commodity markets, which are sensitive to shifts in policy and federal regulations.
When the new president takes office, businesses and consumers may see changes to key issues like trade and foreign policy. Stay tuned to Expana for continuous updates on how the election may affect agricultural and industrial markets.
Presidential Impact on International Trade
Changes in U.S. trade relations could either strengthen or disrupt markets for agricultural exports...
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...
Two Australian Beef Plants Anticipated to Resume Exports to China by Year’s End
On November 3, Australian Trade Minister Don Farrell met with China’s Commerce Minister Wang Wentao at the China International Import Expo (CIIE) in Shanghai, where Wang assured Farrell that China would lift its remaining trade restrictions on Australian exports.
Farrell noted that since last year’s expo, China has lifted tariffs on Australian wine and resumed exports from eight red meat facilities. China also plans to fully reopen its market to Australian rock lobsters by the end of this year.
Despite the progress, two Australian beef plants (Plant 1620...
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...
ANALYSIS: Argentina’s Beef Exports Rose Modest 3.0% in September, Still Marking a 44.5% Y-o-Y Surge
Argentina’s beef exports reached 70,806 MT in September 2024, according to the latest data from the National Institute of Statistics and Census. Although this figure shows a modest 3.0% M-o-M increase, it still remains 44.5% higher compared to the same period last year.
China continues to represent a significant portion of market share, absorbing 68.9% of total Argentina’s beef exports, equivalent to 49,521 MT. This represents a slight 2.4% drop compared to the previous month, but still...
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...
2024 Holiday Spending Expected to Reach New Record
Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations and other seasonal items, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics. The amount is about $25 per person more than last year’s figure and $16 higher than the previous record set in 2019.
“The winter holidays are a treasured time for Americans, and they are prioritizing spending on family this holiday season,” NRF Vice President of Industry and Consumer Insights Katherine...
Properly Cooked Pork Remains Safe Amidst Oregon H5N1 Swine Detection
The National Pork Producers Council (NPPC) confirms there is no food safety concerns about the nation’s pork supply after the detection of H5N1 influenza in swine on a small backyard farm in Oregon. NPPC continues to work closely with the United States Department of Agriculture (USDA) Animal and Plant Health Inspection Service (APHIS) Veterinary Services and pork industry stakeholders on disease surveillance programs.
“The confirmed case in Oregon poses no threat to consumer health or food safety; properly handled and cooked pork products remain safe for...
Federal and State Veterinary Agencies Share Update on HPAI Detections in Oregon Backyard Farm
There is no concern about the safety of the nation’s pork supply as a result of this finding.
The U.S. Department of Agriculture (USDA) and Oregon state veterinary officials are investigating positive cases of H5N1 in a backyard farming operation in Oregon that has a mix of poultry and livestock, including swine. The Oregon Department of Agriculture announced on Friday, Oct. 25, that poultry on this farm represented the first H5N1 detection in Crook County, Oregon. On Tuesday, Oct...
USDA Builds on Actions to Protect Livestock and Public Health From H5N1 Avian Influenza
Agriculture Secretary Tom Vilsack announced today that the U.S. Department of Agriculture (USDA) is planning to enhance national surveillance of H5N1 on dairy farms, building on measures taken by USDA since the beginning of the avian influenza outbreak. In partnership with state veterinarians, USDA will implement a tiered strategy to collect milk samples to better assess where H5N1 is present on U.S. dairy farms, with the goal to better inform biosecurity and containment measures, as well as to inform state-led efforts to reduce...
ANALYSIS: Japan's Sept 2024 Beef Imports Plummets to 7-Month Low Amid High Inventory Pressure
Japan’s beef imports in September 2024 plunged 21.9% month-on-month (m-o-m) to a seven-month low, totalling 38,177 metric tonnes (mt), as reported by Trade Statistics of Japan.
At the lowest level since February 2024, this 10,707 mt decline was mainly led by lower volumes from its major suppliers, apart from Mexico. This monthly slowdown traces back to lingering challenges from Japan’s scorching summer, which curtailed foodservice consumption and led to inventory buildups across key regions such as Tokyo...
Thanksgiving Side Dish Showdown: What Do Americans Want to Ban from the Buffet
A New Survey Reveals the Dishes You Can Cut from the Menu to Save Money this Holiday Season.
Thanksgiving is America’s favorite non-denominational holiday. It’s a festive occasion marked by feasts, football, family…and occasional feuding. Tensions may run exceptionally high at the grown-ups’ table this election year, so Savings.com suggests an alternate arena to settle more playful disputes.
White meat or dark? Stuffing or spuds? Should we even call it Turkey Day? Keep conversation light with these collegial controversies and...
A Tu Gusto, LLC Recalls Frozen Croquette Products Produced Without the Benefit of Inspection
A Tu Gusto, LLC, a Lehigh Acres, Fla. firm, is recalling approximately 7,630 pounds of frozen meat and poultry croquette products that were produced without the benefit of federal inspection and may contain undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The product contains soy, sesame seed and wheat, known allergens, which are not declared on the product label.
The frozen meat and poultry items were produced between April and October of 2024...
CDC A(H5N1) Bird Flu Response Update October 29, 2024.
CDC continues to respond to the public health challenge posed by a multistate outbreak of avian influenza A(H5N1) virus, or "H5N1 bird flu," in dairy cows, poultry and other animals in the United States. CDC is working in collaboration with the U.S. Department of Agriculture (USDA), the Food and Drug Administration (FDA), Administration for Strategic Preparedness and Response (ASPR), state public health and animal health officials, and other partners using a One Health approach.
Since April 2024, CDC, working with state public health departments...
Understanding the Global Cattle Cycle's Role in Shifting Beef Trade and Prices
The Global beef cattle market is characterized by an interplay of cyclical trends, external pressures, and strategic management decisions across key regions. This whitepaper outlines the current state of the cattle industry in six major areas- the United States, Brazil, the United Kingdom, Australia, New Zealand, and Mexico- highlighting key findings related to production, market pressures, and the potential outlook. As forces like weather, the economy, and trade dynamics shape the global beef landscape, industry stakeholders can stay ahead of the...
The Retail Rundown: Late-Season Push for Grilling Cuts
As October ends, beef and seafood promotions are neck and neck, each occupying about 25 percent of total advertising space. During the final week of "Pork-tober, pork features account for 20.8 percent of buying opportunities, closely followed by chicken at 20.6 percent.
Though the shift from grilling cuts to roasts has been in motion for a few weeks, a forecast of record warmth in parts of the central and eastern U.S. this week offers a last chance for backyard cooking before winter sets in.
This could spur late-season promotions...
MeatWorks Launches Free 2-Day Nationwide Shipping of USDA Prime Steaks
MeatWorks, a premier provider of USDA Prime steaks and high-quality meats, is thrilled to announce the launch of nationwide shipping. Starting immediately, customers across the 48 contiguous United States can now enjoy premium MeatWorks products delivered straight to their doorstep—with free shipping on every order.
"At MeatWorks, we've always believed in making premium-quality meats more accessible to everyone," said Brock Furlong, CEO at MeatWorks. "With our new expansion to nationwide shipping, we're excited to offer our USDA Prime steaks at wholesale prices...
ANALYSIS: US Boneless Beef Imports from Australia Soar, Domestic and Import 90s Gap Grows
The week of October 7th experienced 6,045 MT of boneless beef that cleared for entry into the United States, marking a significant 52-week high. This represents an impressive year-over-year increase of 53.5%. Australia plays a key role in the boneless beef market, exporting lean boneless beef to various countries, with the U.S. accounting for 32.6% of their exports, equating to 37,218 MT in September alone.
Even with more meat available on the market, the price of Aus/NZ...
FSIS Issues Public Health Alert for Ineligible Meat and Poultry Products Illegally Imported
The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for various meat and poultry products that were illegally imported from the Republic of the Union of Myanmar. FSIS is continuing to investigate how these products entered the country.
The following products are subject to the public health alert, regardless of the product date. View labels in Burmese.
ANALYSIS: Pork 42% Trim Outpaces Beef 50% Trim
When analyzing UB Pork 42% Trimmings and UB Beef 50% Fresh Chemical Lean Trimmings, both commonly used in hot dog and sausage processing, the weekly average price for pork 42s is trending about 26.2% higher than the weekly average price of beef 50s. This is due to limited supplies of pork 42 trimmings on the spot market, while beef 50s have been experiencing fully adequate to ample availability, with softer demand also noted.
Frozen pork trim supplies in cold storage have trended below year-ago levels throughout the...
ANALYSIS: Korea's 2024 Safeguard on Australian Beef Kicks In, 43 Days Earlier Y-o-Y
As of 24th October, Australian beef imports into Korea has exhausted its 2024 Special Agricultural Safeguard (SSG) volumes, according to the Korea Customs Service website.
Imports exceeding this volume now incur a tariff rate of 24.0% for the remainder of the year, up from the current rate of 10.6%. This activation occurred significantly earlier than last year’s 8th December 2023 trigger date, representing a difference of approximately 43 days.
Just earlier on 14th October 2024, Meat and Livestock Australia (MLA) has reported that Australia had...
Lar Agroindustrial Plans New Investments in Protein and Grains for 2025
Lar Agroindustrial Cooperative has announced plans to allocate resources towards new protein production units and to modernise its processing plants for poultry, pork, and soy, according to local media outlet Agfeed.
In 2024, Lar invested BRL 1 billion, with the majority directed to its soybean crushing operations, including the BRL 280 million acquisition of a soybean crushing plant from Copagril. Additional investments were made in poultry slaughtering, animal feed production, piglet and chick facilities, and logistics.
For 2025, Lar plans to invest a further BRL...
QDOBA Announces Appointment of Former Applebee's COO, Kevin Carroll, as Chief Operating Officer
America's rapidly growing #2 restaurant brand in the Mexican fast-casual category, today announced Kevin Carroll has joined the company as Chief Operating Officer. Carroll brings extensive restaurant leadership experience and is responsible for all aspects of QDOBA's operations strategy and execution across approximately 800 restaurants in the U.S., Puerto Rico and Canada. This appointment comes on the heels of the brand posting a 7.7% increase in comp sales for its fiscal year ending September 2024, on top of last year's 6.3% comp sales growth...
Forever Cheese Expands Value-Added Service Capabilities with Acquisition of Virginia Packing
Forever Cheese, a leading importer of cheese, cured meats, and other specialty foods, announced today that it has acquired substantially the assets of Virginia Packing, LLC (“Virginia Packing”), headquartered in Toano, Virginia. Virginia Packing specializes in cured meat slicing, packing and logistics services for premium domestic and international brands. This strategic partnership accelerates Forever Cheese’s ability to offer value-added services to its customers with plans to expand within the current facility.
Virginia Packing and Forever Cheese share a commitment to product quality, and both...
ANALYSIS: New Zealand's Sept 2024 Beef Exports Tumble to 11-Month Low amid Seasonal Slowdown
New Zealand’s September 2024 beef exports plummeted to an 11-month low, recording at 29,110 metric tonnes (mt), according to the latest data from Stats NZ. This marks the fourth consecutive month of decline, with exports falling by 8.3% (-2,631 mt) compared to August 2024.
The lower tonnage saw reduced exports to key clients such as the United States (US), Japan and Korea, while increased allocations to Canada, Indonesia and Saudi Arabia helped offset further falls...
ANALYSIS: Mexican Beef Import and Export Dynamics YTD
From January to September 2024, beef imports in Mexico reached a total of 190,097 tons, reflecting a significant increase compared to the previous year. The United States remains the main supplier, with 112,974 tons accounting for 68.9% of total imports, an 8.1% increase compared to the same period last year. This growth highlights the ongoing importance of the U.S. market as a key source of supply for Mexico, especially during times of economic fluctuations that have affected trade decisions.
In addition to imports from the United States, South America has...
ANALYSIS: UB Choice Beef Cutout Outperforming Year Ago Levels
The Urner Barry Choice Cutout has been relatively tame this year when compared to last year’s moves. The peaks and troughs have been fairly muted as prices remain sticky and at elevated levels from a historical perspective. This has largely been driven by the lower middle meat prices as buyers opted for more cost-conscious beef items. For example, when looking at export ribs or tenderloins through the summer months – they predominantly tracked below year-ago levels and by quite a good margin...
PODCAST: Agri-Food for Thought Ep 15 - Election Nears Amid Escalating Tensions in the Middle East
Starbucks Announces Increase in Quarterly Cash Dividend
Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors approved an increase in the company’s quarterly cash dividend from $0.57 to $0.61 per share of outstanding Common Stock. This increase will be effective with the dividend payable on November 29, 2024, to shareholders of record on November 15, 2024, and raises the company’s annual dividend rate to $2.44 per share.
Starbucks initiated its dividend in 2010 at $0.05 per share of outstanding Common Stock, and increased its dividend consecutively each year over the past 14 years...
ANALYSIS: Korea's Beef Imports Rise 4.8% Y-o-Y in September, Australia Surpasses US as Top Supplier
Korea’s beef imports rose to 38,580 metric tonnes (mt) in September 2024, reversing last month’s losses, according to the latest figures from the Korea Customs Service.
Volumes rose by 1.2% (+452 mt) from the previous month, bolstered by increased imports from Australia, New Zealand, and Canada. However, declines in quantities from the United States, driven by a reduction in herd size, limited overall growth.
Annually, total imports increased by 4.8% (+1,768 mt), representing the strongest growth since the beginning...
FEATURED STORIES
ANALYSIS: Shifting Retail Turkey Trends, Disease-Related Adjustments
ANALYSIS: Thanksgiving Bird Choices - Trends, Prices, and Consumer Preferences for Whole Chicken