Beef is not 'what's for dinner' as often as it used to be, as price per pound rises. So butchers and restaurants are selling smaller portions.

The British government has ordered the country’s food industry to test all processed beef products after some of the country's biggest food manufacturers have been finding horsemeat in their products.

Hormel announces its earnings today. The company is the third-largest seller of meat, and with the drought and commodity prices rising, investors are looking for signs of the food industry's long-term outlook.

In the U.K., meat theft is on the rise and it's not just hungry individuals -- we're talking fully-fledged organized crime gangs. And it doesn't stop at supermarket meat either.