People in the conventional food business are smiling as Chipotle Mexican Grill Inc. walks back from its pledge to use “local” ingredients at its restaurants.
People in the conventional food business are smiling as Chipotle Mexican Grill Inc. walks back from its pledge to use “local” ingredients at its restaurants. With its claim of serving “Food with Integrity” (e.g., unlike the competition), Chipotle is viewed by competitors the way Donald Trump is seen by other GOP presidential candidates, as an overly boastful, demeaning player in a crowded field. Following food-borne illness outbreaks since July, the company’s CEO, Steve Ells, is now telling investors that procuring and processing food like h...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
