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US soybean farmers principally are price takers in the existing soybean supply chain, without transparent access to market signals originating from end users. Similarly, the complexity of the value chain makes it difficult for end users to buy raw materials that meet their needs.

The Institute of Food Technologists (IFT) announced that it will transition the IFT20 Annual Event and Food Expo, slated for July 12-15 at McCormick Place in Chicago, to a virtual event experience. The move comes in an effort to prioritize the health and safety of participants and the broader community throughout current and anticipated developments of the COVID-19 pandemic.

Hormel Foods, a global branded food company, announced a special cash bonus to its plant production team members who continue to work to produce food during the COVID-19 outbreak. PepsiCo, Inc. announced it will provide enhanced benefits to all US-based employees and additional compensation to US frontline employees amidst the novel coronavirus (COVID-19) pandemic.

The Sweets & Snacks Expo, originally scheduled for May 18-21, 2020, in Chicago, has been canceled.

Global bakery manufacturer and ingredients supplier Dawn Foods announced it has entered into an agreement to sell its North American frozen manufacturing business to Rise Baking Company.

JUST, a company that applies cutting-edge science and technology to create healthier, more sustainable foods, announced a host of partnerships to manufacture and distribute its award-winning JUST Egg across North America, Latin America, Europe and East Asia.

Del Monte Foods Inc. appointed David Stis as senior vice president and chief customer officer. Stis will report to Del Monte Foods president and CEO, Greg Longstreet, and will be responsible for company sales in all channels including retail grocery and foodservice.

Best known for its indulgent, dessert-inspired snacks, TRUWOMEN protein bars will soon be known as TRUBAR. Based on feedback, the company will shortly be announcing a rebrand of its bars, which will also feature updated packaging with the new name. 

This move will accelerate the company’s penetration into the global food market and bring it closer to key farming communities and grain handlers, as well as to food and food ingredient companies.