Meat

Key Points: Beyond Meat terminated the employment of its corporate controller and principal accounting officer, Yi (Jevy) Luo, citing a material weakness in internal controls for finance reporting. Due to inadequate technical resources, the company struggled to properly account for…

Summary: Hormel Foods experienced higher prices for pork and beef in fiscal year 2025, with turkey supplies limited by the avian flu, according to interim CFO and Controller Paul Kuehneman during a Dec. 4 earnings call. Cost inflation for pork…

The Save Mart Companies Introduces New Affordable Meat Line to Help Shoppers Cope with Rising Grocery Prices The Save Mart Companies is set to launch a new private label line of minimally processed meats to assist customers in dealing with…

Chomps, a rapidly growing brand, has announced plans to construct a second dedicated facility to produce meat sticks in response to the increasing demand for these convenient, protein-rich snacks. The new 160,000-square-foot plant, located in Beatrice, Nebraska, is projected to…

One of the fastest-growing food companies in the U.S. is currently facing a challenge. Meat stick producer Chomps is manufacturing 2 million of its cylindrical snacks daily, but due to high demand, they can only fulfill 85% of their orders.…

Key Takeaways: Wildtype and Upside Foods, two cultivated meat companies, have filed a lawsuit challenging the recent Texas ban on lab-grown protein, citing unfair protection of the state’s agriculture industry. Seven states have enacted bans on cultivated meat, while five…

Key Takeaways: Despite ongoing consumer concerns about inflation, the meat departments of grocery stores showed resilience in 2024, as reported by FMI — The Food Industry Association in their recently released State of Fresh report. In 2024, meat sales saw…

Summary: Beyond Meat is facing challenges as it struggles with declining sales, leading to delays in bill payments. Data from Creditsafe shows that Beyond Meat’s days beyond terms (DBT) have more than doubled in the past year, reaching 19 days…

Dive Brief: V2food, a leading plant-based meat company in Australia, has acquired Daring Foods, a vegan chicken producer, to expand into the U.S. market. The acquisition, along with a partnership with Ajinomoto Co., a Japanese ingredients company, will help v2food…

Key Takeaways: Beyond Meat is planning to reduce its North American workforce by approximately 6%, which amounts to about 44 employees, as the company faces challenges in the plant-based food market. The California-based company anticipates incurring a one-time charge of…