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Industry News & Trends

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Poultry, feed groups cheer enactment of USMCA

The United States-Mexico-Canada Agreement is now in effect
With the July 1 implementation of the United States-Mexico-Canada Agreement (USMCA), poultry and feed industry groups are expressing excitement over the prospects the new trade agreement will bring.
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COVID-19 could add challenges to USMCA compliance

Congressmen say U.S. must be vigilant to assure agreement will be followed closely
As the United States-Mexico-Canada Agreement (USMCA) takes effect July 1, U.S. officials stress the importance of monitoring the situation so that the three involved countries are complying with the conditions of the agreement.
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Cranswick’s diversification strategy pays off

Launch of new poultry plant, recent acquisitions in the pork and convenience sectors contribute factors in successful financial results
Based in the United Kingdom (U.K.), food group Cranswick plc reports double-digit increases in total revenue and profit in its latest annual results.
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Appeal of case alleging egg industry collusion denied

Court upholds 2018 ruling that Rose Acre Farms did not conspire with other egg producers to limit egg supply and drive up costs
An appeal of a case in which Rose Acre Farms was accused of conspiring with other egg producers to raise the price of eggs was recently denied by a federal court.
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Impossible Foods’ mission to make meat obsolete

CEO of Impossible Foods may be a little too optimistic after landing Starbucks deal
Impossible Foods CEO Patrick Brown recently made the bold statement to CNBC “Mad Money” host Jim Cramer that his company’s vision is to have plant-based protein products “completely replace the animal-based products in the food world within the next 15 years."
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