Food Industry Updates

• Headwinds continue to impede cultivated meat development
  The category faced significant budget cuts in the United States.
• Sigma Foods acquires smoked meats producer
  Roger Wood is the No. 1 smoked sausage company in the southeast United States, according to Sigma.
• MGPI struggles continue as quarterly loss tops $134 million
  Impairment charges a drag on earnings.
• Grupo Bimbo raises guidance after strong first quarter
  North America business beats company’s expectations.