It wasn't exactly balancing. It was a plain big nerf.
If you were used to, say, Blood Pudding's 90 health / 50 stamina bonuses, it doesn't exist after this update.

Max duration was nerfed, and regeneration was also heavily nerfed. Did you use Honey for a quick heal? Well, now it heals 1hp/tick.

Following is a list of best foods. Spoiler alert.
The strongest "balanced" food is Wolf Meat Jerky, at 30/30. Boar Jerky is second best, at 20/20. No third "balanced" food. Mushrooms give 15/15, but 15 is the highest amount you also gain from a "non-balanced" food, see below.

Strongest HP food is now Serpent Stew at 80/5 (yes, only 5 stamina), followed by Lox Meat Pie at 75/15 and Fish Wraps at 70/14.

Strongest Stamina food is Bread 15/75, followed by Blood Pudding at 14/70, followed by a new food called Eyescream at 13/65.