Meat lovers: USDA has good news for you. U.S. red meat and poultry producers had a banner year in 2015, according to USDA. During the year, the two industries combined for a record high of 94.3 billion-lbs. in production. Individually, U.S. poultry slaughter production hit a record high of 46.3...
read moreConsumers expect a lot from food companies. No longer is it enough to just have a good tasting product at a competitive price point. Businesses are held to a higher standard of environmental awareness, social responsibility, animal welfare, and product quality. Many consumers need to trust the brands they purchase, and they may even pay more for products that come from companies with ideals that match theirs. Now, regardless of whether or not brand transparency seems like as a good or bad idea, it's no longer something the industry can afford to...
read moreI'm unsure if any word conjures up a more spirited debate in the food industry than "GMO." Genetically modified organisms have been a hot topic in the industry, with critics claiming they are unnatural and unhealthy, while proponents have noted how vital they are to improving food security around the world. Major chains, including Chipotle Mexican Grill, have even removed them from their menus entirely, potentially causing supply chain woes. And the
The recent H5N2 avian influenza virus may affect the poultry industry for years to come, according to USDA's chief veterinary officer Dr. John Clifford. Although Dr. Clifford said new cases should drop to close to zero once warmer weather kills off the virus, it is very likely it will resurge this fall as migratory water fowl carry the virus to East Coast broiler chicken farms....
read moreWhen it comes to growth, focusing on a core business while simultaneously pursuing innovation can propel growth. And Tyson Foods Inc. appears to be employing this very strategy.
read moreFor nearly a decade, red meat and pork consumption in the U.S. has been falling. According to USDA, U.S. beef production dropped 15% while pork consumption dropped 4% during the past ten years. And despite the growing number of vegetarians and "flexitarians" in the U.S., this drop can't be attributed to these dietary changes alone: during the same time frame, broiler chicken consumption jumped 5%. So what exactly is happening that is causing consumption to drop?
read moreThe cost of avian flu has a dollar total: $1 billion. That is the combined total that researchers at the universities of Minnesota and Iowa State estimate will cost the two hardest hit states by the outbreak that as of May 19 has spread to 15 states and resulted in the death of 37 million...
read moreBojangles' Inc., the Charlotte-based chicken chain with a loyal following in the South, plans to offer 6.25 million shares in its initial public offering. Some analysts believe it could generate more than $106 million with a target price of $15 to $17 per share, according to U.S. Securities and Exchange Commission...
read moreThe effects of avian bird flu that have hit turkey farmers in North America are not expected to have an adverse effect on the supply chain. The H5N2 avian influenza strain has been reported at 20 farms in Arkansas, North and South Dakota, Kansas, Missouri and Minnesota since March. Two farms in Canada have been affected as well. As a result, over
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