Can someone expain food labeling on packages? What should we be looking for?

Depends on your goal. What are you trying to achieve? If you have high blood pressure you may want to focus on sodium content, if diabetes the carbohydrate content. For general health low fat and high protein are good goals. Here's a really helpful link to an interactive guide with more info: http://www.Mayoclinic.Com/health/nutrition-facts/nu00293/.