McDonalds is bringing back the McRib November 1, 2001 in select markets for a limited time
This will be the 40th Anniversary of The McRib
Coffee Futures Reach $1.90 per lb.
That is almost double the price in July which was $1.00 lb. Due to drought and extreme heat in South America and Central America.
Retail prices of coffee expected to follow.
School meal programs are facing a shortage of food and workers, but USDA is stepping in to help. Secretary of Agriculture Tom Vilsack announced $1.5 billion in funding to help school meal programs face the challenges, reported The Washington Post.
Restaurant stocks are looking attractive for investors. While independent restaurants are struggling under the weight of the pandemic, national chains have shown an ability to navigate the pressure, with Darden Restaurants even raising its sales forecast in its latest disclosure, reported The Wall Street Journal.
Plant-based meat companies that rely on peas as a key ingredient are set to be hit by the severe drought in Canada this year that has led to soaring crop prices. A leading supplier has warned pea availability was “challenged” and the price increases would “inevitably lead to costs being transferred to customers,” reported The Financial Times.
Southern California's ports are taking different approaches to the shipping backlog. The Port of Long Beach has expanded to 24-hour operations four days a week at the behest of the Biden Administration, with plans to expand to seven days. However, the Port of Los Angeles is not moving to 24/7 operations, saying trucker and warehouse worker shortages could render the action moot, reported The Wall Street Journal.
U.S. turkeys raised in the U.S. was forecast at 214 million, down 4% from the number raised in 2020, according to USDA. The largest turkey producing state is Minnesota, at 40.5 million turkeys, up 1% from the previous year.
A fast-spreading Salmonella outbreak from an unknown food source has left 279 ill and 26 hospitalized in 29 states. The CDC and public health officials have yet to determine where the contamination may have occurred and investigators are working to identify a food linked to illness, reported Forbes.
Restaurants and hotels are pushing back against unruly customers and eschewing the adage "the customer is always right." And the timing is right: Sixty percent of restaurant workers said they had suffered from emotional abuse and disrespect from customers, and 78% said their mental health was negatively affected during the past 12 months, according to a report from Black Box Intelligence, reported The Wall Street Journal.
Restaurant drive-thrus have become slower and less accurate in 2021, according to SeeLevel HX’s annual report. The average total time spent in the drive-thru lane increased by more than 25 seconds from a year ago to 382 seconds. Compared with pre-pandemic times, that’s nearly a minute longer. Order accuracy dropped to 85% this year from 87% in 2020, reported CNBC.
Impossible Foods’ new meatless pork is set to hit tables in the U.S., Hong Kong, and Singapore today. The ground pork product will first be available in restaurants, with plans for retail expansion in those markets soon, reported CNBC.
More aquatic foods could be key to improving global health
Not all food is created equal. So-called blue foods—a diverse range of aquatic animals, plants and microorganisms—offer significantly more nutrients than land-based crops and livestock, according to a first-of-its-kind database compiled by an international team that included researchers at Stanford.
Their findings and recommendations, published Sept. 15 in Nature, point the way to feeding more people, improving diets and overcoming food system structures that put women, children and the elderly at greater risk.
"An increase in the supply of aquatic foods can pull millions from nutrient deficiencies around the world," said study co-lead author Zach Koehn, an early career fellow at Stanford's Center for Ocean Solutions. "To do so, we need to promote the diversity of aquatic foods arising from sustainable production, incentivize access to affordable foods and prioritize their supply to programs serving nutritionally vulnerable communities."
Due to malnutrition, nearly 2 billion adults are overweight or obese while 462 million are underweight. About half of all children have micronutrient deficiencies, which can lead to symptoms including fatigue, stunted growth, impaired brain development and even death. Cardiovascular diseases, largely driven by diet-related factors, kill more people than any other cause. This is in part due to a worldwide transition away from nutrient-rich, raw or lightly processed foods towards highly processed, calorie-rich, nutrient-poor foods common among Western diets.
Blue foods—a rich source of micronutrients and heart-healthy fatty acids—offer a potential solution.
Women, children and the elderly stand to benefit the most from increased access to blue foods. This is because of higher risk for adverse health outcomes among each of these demographics, and the critical role micronutrients and Omega-3s play in fetal and child growth and development. Perhaps unsurprisingly, the high output scenario benefited females more than males in three times as many countries. This finding provides a potential pathway towards nutritional equity and improving fetal and child growth and development. Similarly, blue foods' impact on lowering morbidity and mortality would be more beneficial for older people who are at most risk of those outcomes.
The New York City Council approved first-in-the-nation legislation that would guarantee minimum pay and regulate conditions for workers for DoorDash Inc., Uber Eats and other delivery apps, reported MarketWatch.
Food delivery platforms are betting on liquor delivery. DoorDash recently added alcohol to the app and said booze delivery could boost a restaurant's order value and the earnings of drivers by 30% each. Meanwhile, Uber said orders that include alcohol have more than doubled globally over the past year, reported The Wall Street Journal.
Subway says sales are the best in years following its new ad campaign and “Eat Fresh Refresh” rebranding. The sandwich chain said this week that its U.S. same-store sales were up more than 4% in August over 2019, and that average unit volumes for the month were the highest in eight years.
A new study from the Texas A&M University Health Science Center suggests that eating spinach could prevent colon cancer, reported MedicalXPress. In the United States, colon cancer is the fourth-most common cancer and second-leading cause of cancer-related deaths. Previous studies have shown that eating green vegetables and fiber reduces risk of colon cancer by as much as half. This new study, recently published in the journal Gut Microbes, explores the relationship between spinach, gut health, genes and colon cancer outcomes. Dashwood's lab previously noticed the benefits of spinach in a carcinogen-induced model of colorectal cancer that mimics sporadic cases. In that model, spinach was very effective in preventing polyps, which spurred the team to see how spinach might work in colon cancer driven by genetics. When it comes to how soon people should start adding spinach into their diet to help prevent colon cancer, it doesn't hurt to start now.
"The sooner the better," Dashwood said. "You shouldn't wait until polyps arise in order to start to do these sorts of preventive things."
MILLENNIALS DRIVE THE SPARKLING WINE CATEGORY
As with every younger generation, and, perhaps, fulfilling the Millennial stereotype, they are bucking the ‘conservative’ view of sparkling wine held by their older counterparts. While those over the age of 55 firmly believe that there is a time and place for sparkling wine, namely during special occasions, those in the 25-39 age bracket see no problem having a glass at the end of a weekday or breaking out the bottle during a casual meal at home. This may also be due to the effects of Covid-19 lockdowns that have blurred the lines tying certain beverages to specific occasions.
Majority of restaurant operators say business conditions are worse now than three months ago, survey finds.
- More than half of restaurant operators surveyed by the National Restaurant Association say that business conditions are worse now than three months ago.
- The delta variant, understaffed restaurants and higher food costs are among the issues plaguing the industry.
- Just 9% of survey respondents said business conditions improved over the last three months.
Menu options are also being impacted by food supply challenges. Only 5% of respondents hadn’t experienced any supply delays or shortages of key drinks and food over the last three months. Total food costs as a percentage of sales have also risen for 91% of operators compared with pre-pandemic levels, dragging down their margins.
Wine Overtakes Handbags as Best-Performing Luxury Investment Asset
Wine has overtaken Hermés handbags and rare whisky as the top performing luxury investment asset over the 12 months through June, according to the latest Knight Frank analysis released on Thursday.
Investment-grade wine prices increased 13% during the 12-month period, leading Knight Frank’s Luxury Investment index, which tracks market performance of a handful of asset categories, including arts, cars, jewelry, coins, and furniture.
Rare whisky and Hermés handbags registered 4% and 3% price declines, respectively, landing them in the bottom two spots of the index. Collectible handbags was the best-performing luxury asset in 2019, with a 13% price increase. Rare whisky, meanwhile, was the best performer in the prior year.
“Wine is doing really well, not going crazy but growing nicely. There are no signs of over exuberance,” Nick Martin of Wine Owners based in London, who compiles the data for The Knight Frank Fine Wine Icons Index, said in a statement.
Watches, with a 5% price increase, and cars, with a 4% price increase over the 12 months, came second and third, respectively, in the rankings.
Despite a strong rebound since April, art prices still fell 2% during the 12-month period leading to the end of June, according to Knight Frank. Since April 2020, the art market index, which tracks the auction value of works produced by the world’s top 10,000 artists, fell or remained flat for 11 consecutive months, a cumulative drop of 13%.
Over longer periods of time, rare whisky still has the best return of investment, with a 483% price appreciation in the last 10 years. It was followed by cars and wine, with prices increasing 180% and 119%, respectively, during the same period.