Welcome to Food Week November 14 – 20, 2022. Lots of surprise this week with the FDA approval of lab grown meat, a lady freaking out about pink barbecue, the banning of alcohol from World Cup, the origins of crab rangoon and more. Plus a mini Turkey day tip-fest with info like how much turkey per person. Hint: less than one. Enjoy!
MACRO
A lot great data suggesting inflation is moderating. Hopefully the Fed takes this into account.
For instance price for food commodities are heading down, leading the relaxation of inflation. However the price of diesel is preventing it from falling further.
Woman’s 911 call over pink barbecue has experts defending smoked meat.
Crab Rangoon, like many Chinese Restaurant dishes, is very much a development born in the Western Hemisphere. But what makes it unique is it was probably invented by the founder of Trade Vic’s.
FOOD SUPPLY CHAIN
The culture war in Nebraska over plant based meats. New Governor not just hostile to ‘meat’ and ‘milk’ labelling but to the existence of the products themselves.