Each day at 5 p.m. we collect the five top food and supplement headlines of the day, making it easy for you to catch up on today's most important natural products industry news.

July 8, 2020

2 Min Read
cafo cows
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Farmers and animal rights activists are coming together to fight big factory farms

Both animal rights activists and farmers oppose the mechanization and consolidation within the meat industry that has led to confined animal feeding operations (CAFOs). This realization prompted Senator Cory Booker to unveil the Farm System Reform Act while campaigning in Iowa, which among other things seeks to help fund farmers transitioning their CAFOs to less harmful operations and would impose an immediate moratorium on the construction of new CAFOs. Read more at Vox


NGA backs bill to widen SNAP online grocery participation

The National Grocers Association recently endorsed the Expanding SNAP Options Act of 2020. The legislation was created to give more low-income households, the elderly and disabled Americans access to safer grocery delivery options from more grocers. Currently, Amazon and Walmart are the authorized SNAP online retailers working with all states. Read more at Supermarket News


US leveraged loan defaults total $23B in Q2, the most since 2009

A six-year monthly high of $10.54 billion of defaults in May 2020 finally pushed the S&P/LSTA Leveraged Loan Index past its historical default average of 2.85% for the first time in five years. However, the distress ratio, while elevated the past three months, has significantly improved since its 57% peak in late March. Read more at S&P Global


In Arkansas, increasing pressure on Tyson Foods and Governor Hutchinson to protect workers’ lives

Because the federal government refuses to actively protect America's meatpacking plant workers, activists are calling on Tyson Foods and the meatpacker's 10 largest shareholders to enact stricter safety measures in its facilities. Their demands include slowing down the speed of processing lines, restructuring work stations to implement social distancing measures, requiring PPE and daily testing and the public disclosure of any positive cases at these locations. Read more at The Counter


Meati Foods plans DTC launch for fungi-based steak after secret restaurant trial

The latest in alt meat, fungi-based steak, will finally reach consumers in 2020. Colorado-based food tech company Meati Foods stands apart from the competition because it is providing an alternative for whole cuts of meat rather than just ground meat or burger patties. Read more at GreenQueen

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