Consumers Aren’t Trading Down When It Comes To Beef
Consumers predilection for eating at home has obviously been beneficial for
retailers as they are spending more money on proteins such as beef. …
Meat & Poultry
Smithfield Foods Completes Sale of RMH Foods and Maverick Food Company
Smithfield Foods, Inc. announced that it has completed the sale of substantially all of the assets of RMH Foods, LLC to an investor group led by the Rocke family. At the same time, the company announced that it completed the sale of Maverick Food Company Limited, its Chinese joint venture, to COFCO Limited. …
Safety Of Beef Processing Method Is Questioned
When USDA approved of an ammonia treatment to kill e. coli in beef products, it was considered so effective, that the company who created the process, Beef Products Inc., was exempted from routine testing of product sold to the public. But mandatory school-lunch testing has revealed Beef Products Inc. products to be contaminated, challenging the safety claims of the process. …
Pilgrim’s Pride Completes Reorganization; New Stock To Trade On NYSE
Pilgrim’s Pride Corporation today announced that the company and six of its subsidiaries have emerged from Chapter 11 bankruptcy protection after a 13-month restructuring. The reorganized company’s common stock will begin trading tomorrow on the New
York Stock Exchange under the symbol “PPC.” …
AMI Issues Statement On Calls For Labels On Mechanically Tenderized Steaks
The American Meat Institute has released a statement affirming that special labeling declaring the mechanical tenderization process in unnecessary. …