ADVFN - Advanced Financial Network.
HOME» NYSE » S » SVU Stock Price » SVU Stock News

Supervalu Share News

 Supervalu Stock Price
SVU Stock Price
 Supervalu Stock Chart
SVU Stock Chart
 Supervalu Stock News
SVU Stock News
 Supervalu Company Information
SVU Company Information
 Supervalu Stock Trades
SVU Stock Trades

Kroger, Stop & Shop Join Other Grocers In Cutting Out 'Pink Slime'

DOW JONES NEWSWIRES Kroger Co. (KR) and Stop & Shop said they joined a growing number of grocery chains that are phasing out "pink slime," also called fined textured beef, as consumers have become increasingly averse to the ground-beef filler. On Wednesday, grocers Supervalue Inc. (SVU) and Safeway Inc. (SWY) said they would stop buying the product. The New York City Department of Education also recently said it will remove the filler from school cafeterias by next year. The process of inserting this meat filler in ground-beef products has been used for several years in processed products as a way to capture value out of trimmings left behind, ultimately saving money. The filler is made mostly from connective tissue rather than beef muscle and is treated with ammonia. Its softserve-like appearance earned it the nickname "pink slime," though the U.S. Agriculture Department has said it is safe. Stop & Shop, owned by Royal Ahold NV (AH.AE), and Kroger said they would no longer purchase the filler. "Our customers have expressed their concerns that the use of lean finely textured beef--while fully approved by the USDA for safety and quality--is something they do not want in their ground beef," Kroger said. Stop & Shop has more than 400 stores throughout Massachusetts, Connecticut, Rhode Island, New Hampshire, New York, and New Jersey. Kroger has about 2,435 supermarkets and multi-department stores in 31 states under two dozen local banner names including Kroger, City Market, Dillons, Jay C and Food 4 Less. The cost of walking away from the ground-beef filler depends on what chains can negotiate with their suppliers, as well as the volatility of the various types of beef in commodities markets. Lean finely textured beef isn't found in primal cuts of beef such as steaks. Other supermarket and restaurant chains have started to avoid the so-called pink slime as they have faced backlash from consumers and media reports. But the American Meat Institute continues to defend the process, saying it "prevents the waste of valuable, lean, nutritious, safe, beef by using technology to do what hands cannot." -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Supervalu (SVU)
DateTimeHeadline
05/01/201513:43:11Statement of Changes in Beneficial Ownership (4)
05/01/201513:43:10Statement of Changes in Beneficial Ownership (4)
05/01/201513:43:10Statement of Changes in Beneficial Ownership (4)
05/01/201513:43:10Statement of Changes in Beneficial Ownership (4)
05/01/201513:42:46Statement of Changes in Beneficial Ownership (4)
05/01/201513:42:18Statement of Changes in Beneficial Ownership (4)
05/01/201513:42:18Statement of Changes in Beneficial Ownership (4)
05/01/201513:41:53Statement of Changes in Beneficial Ownership (4)
05/01/201513:41:27Statement of Changes in Beneficial Ownership (4)
05/01/201513:41:27Statement of Changes in Beneficial Ownership (4)
04/30/201509:30:35Supervalu Stock Rating Reaffirmed by TheStreet (SVU)
04/30/201507:12:56Supervalu Earns Buy Rating from Deutsche Bank (SVU)
04/28/201517:26:22Statement of Beneficial Ownership (sc 13d)
04/28/201517:15:49Amended Statement of Beneficial Ownership (sc 13d/a)
04/28/201517:00:17Statement of Changes in Beneficial Ownership (4)
04/28/201516:00:54Annual Report (10-k)
04/28/201511:19:03SUPERVALU Keeps Recovering as Earnings Growth Trumps Sluggish...
04/28/201509:02:02Supervalu Profit Rises 50%
04/28/201508:24:34Current Report Filing (8-k)
04/28/201508:00:00SUPERVALU Reports Fourth Quarter Fiscal 2015 Results

Supervalu and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad