Latest News: Page 105

Ag groups seek immediate reopening of Texas border crossings

More than 45 U.S. agricultural groups have sent a letter to Homeland Security Secretary Alejandro Mayorkas requesting the immediate reopening of international rail crossings in El Paso and Eagle Pass, Texas.

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Market Trends and Reports

General Mills sales drop, but profits up in Q2 FY24

Net sales for General Mills’ pet segment, which includes Blue Buffalo, were down 4% to US$569 million, in the second quarter of fiscal year 2024. This decline was driven by lower pound volume.

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Ridley to acquire Oceania Meat Processors

Oceania Meat Processors (OMP) is a premium producer of mechanically deboned meat and other raw materials for global pet food customers.

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Portugal retailer eyes takeover of Musti Group

Plus a UK vegan pet food business unveils a partnership with Europe's largest pet food retailer, and a Polish poultry meat producer constructs a new pet food factory.

Portuguese retailer Sonae is eyeing Finland’s pet care specialist Musti Group.

Pet Food Recalls

Majority of 3,691 pet product recalls were dog, cat food

Contamination accounted for most pet food recalls during the past nearly two decades with one incident making up a quarter of all recalls.

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Market Trends and Reports

Pet food industry M&A appetites slow in 2023

This year has seen some notable pet food mergers and acquisitions (M&A), but overall M&A activity has declined in 2023.

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Market Trends and Reports

Ghost of pet food future warns 2024 may be a Scrooge

While no one can foretell what Christmas 2024 will be like for the pet food industry, it is unlike that there is more of Gravy Train than of grave in market analysts' observations.

Oil painting of Cat dressed as Ebenezer Scrooge counting money with ghost hovering over his shoulder

Pet Food Regulations

FDA warns Chewy, others about antimicrobials in pet drugs

The U.S. Food and Drug Administration issued warning letters to nine manufacturers and distributors of unapproved and misbranded antimicrobial animal drugs for violations of federal law.

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Pet Ownership Statistics

Cat exposure may increase schizophrenia risk in people

After researchers adjusted for other factors, they found that people exposed to cats had approximately twice the probability of developing schizophrenia.

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Pet Ownership Statistics

AI-animated robot pets don’t eat pet food or want treats

One robotic dog responds to more than 35 voice commands and servos to run, flip and otherwise caper. However, the robo-Rovers aren’t cuddly…yet.

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Pet Food Marketing and Branding

‘Stay authentic,’ Boxing champ Laila Ali on athletes partnering with pet product brands

“Not all partnerships are good partnerships,” Muhammad Ali’s daughter said. “When people keep that in mind, they do what comes to them most naturally and that's a good fit for them.”

Laila Ali and her dogs, Malibu and Buddy

South Korea eyes a US$11.5 billion pet industry by 2027

With government-led initiatives, the country hopes to further prepare for its growth.

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