All articles tagged with #meat industry
Originally Published 2 months ago — by The New York Times
The Justice Department has launched an antitrust investigation into major meatpacking companies, including JBS, Cargill, Tyson Foods, and National Beef, amid concerns over collusion and inflated beef prices, with President Trump calling for scrutiny of their practices.
Originally Published 3 months ago — by Fortune
A billionaire behind JBS warns that the U.S. is struggling to meet its high demand for protein, leading to increased meat imports from Brazil and other countries, amid record-high beef prices and declining cattle numbers in the U.S.
Originally Published 4 months ago — by The Washington Post
Beef prices are rapidly increasing with weekly adjustments, but meat lovers are still purchasing despite the rising costs, reflecting ongoing inflation and volatility in the meat industry.
Originally Published 1 year ago — by The Denver Post
Chef Justin Brunson, known for his influence on Denver's culinary scene, has shifted focus from restaurants to his meat business, Brunson Meat Co. After selling his first meat company, he now specializes in dry-aged meats and has secured a deal to supply bacon to 147 King Soopers and City Market stores. Brunson's products are free of nitrates and preservatives, using traditional curing methods. His unique "Noble Mold" dry-aging technique has gained attention from top chefs. Despite leaving daily restaurant operations, Brunson remains active in the culinary community through events and pop-ups.
Originally Published 1 year ago — by Daily Mail
A mother's viral post about stringy and squishy chicken bought from Aldi has brought attention to "spaghetti meat," a phenomenon affecting a small percentage of farmed poultry. This is the result of fast-growing chickens bred in the meat industry, where their muscles cannot keep up with the rapid growth, causing the fibers to separate. While safe to eat, the meat may have a chewier texture. Companies are now reverting back to slower-grown chickens for improved quality and taste, as concerns about the altered density and texture of the meat, such as "woody breast," arise.
Originally Published 2 years ago — by The Washington Post
Meat and dairy companies are making bold claims about producing climate-friendly products, sparking a heated debate. While some companies are promoting eco-friendly agricultural techniques and making audacious claims about carbon neutrality, the extent to which these claims are true is hotly disputed. Critics argue that the data supporting these claims is poor and that regulators are not adequately addressing misleading marketing. The fight over how to calculate carbon footprints has shifted to an organization called the GHG Protocol, and new laws in California are requiring companies to be more transparent about emissions. However, there are concerns that the introduction of carbon-neutral branding may invite other companies to make similar claims at a time when regulators are ill-equipped to assess them.
Originally Published 2 years ago — by The Jerusalem Post
Scientists have developed a method to improve the texture of plant-based foods by turning plant proteins into plant protein microgels, resulting in a moist and fatty texture similar to meat. The study, published in Nature Communications, aims to address the drawbacks of plant-based meat alternatives and reduce the environmental impact of the meat industry, which is responsible for over half of food-related carbon emissions. The process involves heating dry plant proteins in water to create a gel that retains water around the protein, providing a more meat-like texture without the need for added fat.
Originally Published 2 years ago — by Food Safety News
Monogram Meat Snacks, a Tennessee-based meat plant, has been fined $30,000 by the U.S. Department of Labor for employing minors at its production plant in Minnesota. The Labor Department found two underage employees at the plant, highlighting the risks to both the children's safety and food safety. This is the latest in a series of fines imposed on the meat industry for child labor violations. In related news, JBS USA has launched its own sanitation services at its pork plant in Iowa, following a $1.5 million fine imposed on Packer Sanitation Services Inc. for employing child labor at multiple meat plants.
Originally Published 2 years ago — by Reuters
Tyson Foods shares fell 16% to a three-year low after the US meatpacker posted a surprise Q2 loss and cut its full-year revenue forecast due to a decline in prices for its beef and pork. The weaker-than-expected results indicate cash-strapped consumers are cutting back on meat spending in a high-inflation environment while a shrinking cattle herd forces Tyson to pay more for livestock, eroding margins. Tyson CEO Donnie King said the company remains in an unusual position of facing challenges in its beef, pork and chicken businesses at the same time.
Originally Published 2 years ago — by The Wall Street Journal
Tyson Foods, one of the largest producers of chicken, beef, and pork in the US, reported a loss of $97 million in Q2 2023 and cut its sales forecast for the year due to high costs and declining consumer demand. The results were well below Wall Street estimates, according to FactSet.
Originally Published 2 years ago — by Yahoo Finance
Tyson Foods has reported a surprise loss in Q2 and has cut its revenue forecast for 2023 due to falling beef and pork prices. The company's shares fell 9% before the bell, indicating that cash-strapped consumers are cutting back on meat spending in a high-inflation environment. The shrinking cattle herd has forced Tyson to pay more for livestock, eroding margins. The company has lowered its forecast for fiscal year 2023 sales to $53 billion to $54 billion from $55 billion to $57 billion.
Originally Published 2 years ago — by Business Insider
Australian cultured meat firm Vow has created a giant meatball made with woolly mammoth DNA and lab-made lamb to raise awareness of meat alternatives. However, no one has tasted it due to concerns around potential allergies to the 5,000-year-old protein. The meatball is intended to challenge the public and the meat industry to think differently about how we produce and consume food, highlighting cultured meat as a viable alternative to traditional animal agriculture.