LIVESTOCK HIGHLIGHTS: Top Stories of the Day
McDonald's Creates Customer Oversight Executive -- Market
1030 ET - McDonald's says it's creating a new Global Chief
Customer Officer, an executive vice president level position who
will report to the CEO. Manu Steijaert, currently the chain's Vice
President, International Operated Markets, will assume the role
starting Aug. 1. Steijaert will bring together the company's data
analytics, digital customer engagement, global restaurant
development and other restaurant functions, the company says.
McDonald's is rolling out a loyalty program globally, including in
the US this month, and Steijaert is expected to help in that push.
He will also look over the company's app, an increasingly important
aspect of selling food for restaurants. (firstname.lastname@example.org;
Beyond Meat Becomes A Permanent Addition To The Pizza Hut U.K.
Menu -- MarketWatch
Beyond Meat Inc. (BYND) said Monday that toppings including
Beyond Italian Style Sausage and Beyond Beef Crumbles have become a
permanent part of the Pizza Hut delivery menu in the U.K. The
Beyond Meat items went through a trial period at select locations
in 2020. Earlier this month, Beyond Meat announced that its
plant-based meatballs had arrived in Europe
Beyond Meat stock is up 1.2% for the year to date. Pizza Hut is
part of the Yum Brands Inc. (YUM) portfolio. Yum shares have gained
13.1% for 2021 so far. And the benchmark S&P 500 index has
gained 17.5% for the period.
STORIES OF INTEREST
MissFresh Shares Drop 18% After Partnership With Mengniu
MissFresh Ltd. shares were down 18% to $5.46 after the company
said it partnered with Mengniu Dairy to offer the full range of
Mengniu's 70 dairy products to MissFresh app and WeChat Mini
The company said the partnership will encourage young people to
pay more attention to the health benefits of dairy products and
incorporate them into their daily diet.
Supply Chains Pinch School Menus -- WSJ
Schools are struggling to secure food for student breakfasts and
lunches ahead of classrooms' planned reopening in the fall.
Some cafeterias are cutting menu choices as food suppliers face
labor shortages and transportation challenges that are adding costs
and limiting supplies. Food distributors and school officials say
they expect to run low on everything from canned fruit to lunch
trays, and some worry that the lack of options will deter students
from getting meals at school.
Livestock Futures Finish Higher -- Market Talk
1505 ET - Livestock futures on the CME finished higher, with
live cattle futures finishing up 1.6% to $1.292 per pound and lean
hog futures up 0.5% to 93.1 cents per pound. Cutout prices for both
beef and pork rose today, according to the USDA. Pork cutouts
particularly jumped, with prices for pork butt, ribs, ham, and
bellies all rising as of mid-day today. For cattle, today marks the
fourth session in a row that the most-active futures have risen,
jumping 3.6% in that timeframe. (email@example.com;
(END) Dow Jones Newswires
July 26, 2021 17:33 ET (21:33 GMT)
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