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Feedlot placements during September fell 1.5 percent to 8 percent YoY based on estimates from three analysts before of the U.S. Department of Agriculture’s next monthly Cattle on Feed update, scheduled for release Oct. 21. Feedlot placements are an indicator of beef supplies in four to eight months. - The Cattle Net work
Jon Bon Jovi is opening a new charity restaurant, Soul Kitchen, to help fight hunger in New Jersey.
“The buyout market has slowed in the past several months, amid growing economic uncertainty, but that likely won't last. Private equity groups are still sitting on a huge pile of money—$937 billion, to be exact, according to a report this week from the London-based research firm Preqin. And much of that will have to be spent soon” - The Restaurant Finance Monitor
Consumers exposed to social content are significantly more likely to increase their spending and consumption than those who aren't exposed, according to final results from an Ogilvy-ChatThreads study that polled restaurant consumers. There was a 2-7x greater likelihood of higher spending or consumption depending on the media encountered by the study group. The sales impact was most pervasive when social content was combined with other types of media such as PR, out-of-home and TV. - QSR WEB
Volumes across the board is very low (except GMCR)
Last week Starbucks sustainability director, Jim Hanna told the Guardian that climate change is already affecting coffee farmers. “What we are really seeing as a company as we look 10, 20, 30 years down the road – if conditions continue as they are – is a potentially significant risk to our supply chain, which is the Arabica coffee bean,” Hanna said. “Even in very well established coffee plantations and farms, we are hearing more and more stories of impacts.” Starbucks is taking a proactive approach to climate change risks. Hanna will be in Washington, D.C. on Friday to speak to members of Congress about climate change and coffee at an event sponsored by the Union of Concerned Scientists (UCS).
Pizza Inn joined the growing throng of U.S. restaurant brands seeking opportunity in China when it opened its inaugural location recently in Hangzhou.
$CAKE downgraded to neutral from positive at Susquehanna