Leading drivers of sales continue to be plant-based milk, meat, dairy alternatives and meals.
Hormel Foods plans to make immediate investments into the business and production facility.
Improved outlook regarding trade appears to be primary driver behind higher index.
Accelerated demand for meat and poultry pushes sales to $50.5 billion in 2019.
Two organic grocery chains file for bankruptcy as larger retailers expand product offerings.
Company says no injuries were reported, but damage may exceed $2.5 million.
Decision will help reduce costs but displaces about 330 team members.
