Shane Smith, president and chief executive officer of Smithfield Foods, categorized the topic of tariffs as fluid and recognized that it changes daily.
Midan included 10 trends with implications for the meat industry while identifying two macro-factors that are expected to underpin businesses in all sectors, including: the economy and new technology.
Warth, also known in the competitive barbecue circuit as “The GOAT” will work with Smoke'NFast to demonstrate to foodservice operators how slow-cooked meats can easily become a highlight on their menus.
According to Nielsen data, the better-for-you beef segment is valued at $4.4 million and has grown by 14% year-over-year, while organic beef has grown at an annual rate of 22%, making it a prime target for the private equity firm.
Kim Stackhouse-Lawson, PhD, said the Cargill grant will go toward research to establish benchmarks and develop solutions to address naturally occurring enteric methane emissions from cattle in feedlots.
New and established processing companies in the segment are looking to claim their piece of the pie with some focused on pricing and others on premium quality.