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Fri. Feb 28, 2020

ANALYSIS: Freezer Burn

































CHART: Industry Expectations for Weekly Cattle Slaughter 

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Jun 1 2:40 PM, Urner Barry



ANALYSIS: A Bird’s Eye View of YTD Chicken Production

With mid-year just around the corner, this week we thought it would be a good opportunity to investigate how chicken headcount and average live weights are stacking up against...

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May 29 8:23 AM, Urner Barry


The Trip Back to 'Normal' Slaughter Levels

Tuesday, May 26th, was a relative milestone for the hog industry as of late. The day’s kill was estimated at 405,000 head, the first time daily slaughter reached the 400,000 mark since April 17th. While this is a small victory, it is a victory nonetheless for an industry that has seen a precipitous drop in chain speeds due to COVID-19. The last time hog slaughter was near ‘normal’ was the week ended April 18th. Just two months ago, the industry achieved the largest daily hog slaughter on record at 500,879 head. As worker absenteeism and plant shutdowns disrupted chain speeds drastically during the last week of April, daily kill dropped to as low as 267,367 head, nearly 47% off its peak. 

It has been a slow but steady climb back to ‘normal’ slaughter levels. The improvement in production capabilities during the latest five weeks has helped nudge last week’s kill to over 2 million head. Early indications for this Saturday’s slaughter are pushing... 

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May 27 10:49 AM, UB Newswires


CHART: Industry Expectations for Weekly Cattle Slaughter

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May 26 3:14 PM, Urner Barry


ANALYSIS: COVID 19 Rooted Chicken Production Cutbacks on Tap 

Not a day goes by when the immediate and future potential impact of COVID-19 isn't central to dialogue...

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May 22 8:15 AM, Urner Barry


UB Consulting Presents: The Other Side of COVID-19

The latest report from UB Consulting provides a look into what The Other Side of COVID-19 looks like for the protein industry. 

Although each commodity’s foodservice dependence varies widely, the ripple effects across supply chains continue to be felt, from inconsistent supply availability and price volatility, rising unemployment and changing consumer behavior. UB Consulting has outlined the biggest impacts seen in the egg, red meat, chicken, and certain segments of the seafood value chain as well as a few things to watch out for as we move closer to the "other side" of this pandemic. 

Click HERE to read this exclusive report...

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May 22 8:15 AM, Urner Barry


ANALYSIS: Fresh Tom Breast Meat: A Seasonal Assessment

Following a sluggish start to this year’s meat trade environment, marketers are finally embracing the return of...

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May 21 8:20 AM, Urner Barry


May 19 8:08 AM, Urner Barry

Webinar: UB Insights Into COVID-19 Impacts on Red Meat, Poultry 

This exclusive UB Insights webcast, aired May 14, 2020, features Urner Barry experts discussing the volatility of the beef, pork, and poultry markets during the coronavirus pandemic. Featured are beef market reporter Gary Morrison, pork market reporter Russell Barton, poultry market reporter Russ Whitman, livestock staff writer Courtney Shum and moderated by editorial director Jamie Chadwick...

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CHART: Industry Expectations for Weekly Cattle Slaughter

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May 18 3:30 PM, Urner Barry


ANALYSIS: Chicken Exports Spring Forward as China Makes a Comeback

The latest release of the USDA’s export figures help to paint a strong underlying picture to our trade relations with key export partners, and marks a significant return of...

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May 18 8:15 AM, Urner Barry


ANALYSIS: Seasonal Draw, or Supply Side Flaw?

As the immediate shock of COVID-19 begins to subside, market participants look to the stats in an attempt to...

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May 15 8:16 AM, Urner Barry


ANALYSIS: Shell Egg Prices Come Under Pressure as Retail Demand Slips, Supplies Mount

U.S. shell egg prices are coming under pressure once again as retail demand begins to ease and supplies become increasingly available. After holding steady for...

 

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May 11 8:14 AM, Urner Barry


ANALYSIS: Maintaining Perspective on Chicken Price Changes

As the shock and awe caused by the rapid market appreciation begins to subside and acceptance kicks in, this week we thought it would be a good opportunity to...

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May 8 8:09 AM, Urner Barry


ANALYSIS: Turkey Production: As Goes One

Between sluggish foodservice and QSR demand patterns and the increased prevalence of plant worker absenteeism, it is safe to say...

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May 7 8:15 AM, Urner Barry


ANALYSIS: Chicken Processors Coping with COVID-19 Related Set Backs

In light of the recent challenges that COVID-19 has brought upon the chicken industry, this week we thought it would be a good opportunity to check in on the supply side of the equation to...

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May 1 8:24 AM, Urner Barry


ANALYSIS: Turkey Cold Storage: It’s a Matter of Perspective

COVID-19’s widespread impact on the protein market landscape has certainly tested the wits of turkey buyers and sellers...

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Apr 30 8:18 AM, Urner Barry


ANALYSIS: Boneless Pork Loins Up 104%, 2.4x Higher than Chicken Breast

Boneless loins are currently experiencing a trifecta of bullish market factors: above average retail demand, significantly reduced slaughter schedules, and...

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Apr 29 8:20 AM, Urner Barry


Is America Headed Towards a Meat Shortage?

Price gouging. Panic buying. Meat shortages. These phrases have dominated recent talk about the nation’s overall meat supply as a wave of plant closures and worker absenteeism rattle the supply chain and generate logistical hurdles. Increasingly, industry participants and consumers alike are uttering the unnerving question: Is America on the cusp of a nationwide meat shortage?  

There are many factors at play when assessing the current supply and demand patterns in the midst of a pandemic. Notably, a second wave of panic buying, and the subsequent run-up in wholesale values, has recently...

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Apr 29 8:17 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Apr 27 3:27 PM, Urner Barry


Urner Barry Insights: An Exclusive Webinar on the Egg Market Amidst the COVID-19 Pandemic

Join us on Tuesday, April 28, 2020, at 2pm EST for an Urner Barry Insights webinar covering the recent volatility in the egg market following the onset of COVID-19 impacts.

Recently, the egg market has seen volatility of unprecedented levels. Egg and egg products have seen both record highs and lows over the last few weeks. Tune in for a market update from Urner Barry’s own Brian Moscogiuri to understand the current trends and challenges facing producers and buyers.

Click HERE to register...

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Apr 24 10:15 AM, Urner Barry


ANALYSIS: Coping with Production Excesses

From the slowdown in foodservice and QSR buying outreach, to plant worker absenteeism and even some inclement weather being thrown into the mix, chicken processors have...

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Apr 24 8:20 AM, Urner Barry


ANALYSIS: Heavy Birds Ground Breast Meat Values

Although the impact that COVID-19 has had on the turkey industry is continuing to develop, one of the most severe implications of the virus, so far, has been...

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Apr 23 8:20 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Apr 20 3:48 PM, Urner Barry


ANALYSIS: Part 3 Of The Series – Rib Contribution to the Cutout

The first two parts of the cutout contribution series this week focused on the end cuts, chucks and rounds. These have been the two primals that have...

 

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Apr 17 8:21 AM, Urner Barry


ANALYSIS: Egg Products Market Reeling in the Wake of Foodservice Shutdowns

Roughly one out of every three table eggs produced in the United States is broken by further processors to create egg products. This liquid, dried or frozen egg is...

 

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Apr 17 8:20 AM, Urner Barry


ANALYSIS: Retail Ad Activity: Boneless Breasts

It almost goes without saying that the widespread direct and indirect implications of COVID-19 have wreaked havoc on what many considered to be...

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Apr 17 8:19 AM, Urner Barry


ANALYSIS: Recent Plant Closures Creating Additional Uncertainty in the Value Chain

One of the first meat plants to announce its temporary closure due to the coronavirus was the JBS beef plant in Souderton, Pennsylvania on March 31st. Since then, additional beef, as well as...

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Apr 16 8:18 AM, UB Newswires


ANALYSIS: Egg Prices Drop as Retail Demand Slows, Foodservice Supply Floods Market

Shell egg prices dropped below $2.00/dozen for the first time in four weeks yesterday, amid increased supply from the foodservice sector and...

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Apr 16 8:17 AM, Urner Barry


ANALYSIS: Turkey Production: Getting Back to Basics

Amidst the unpredictable set of circumstances that the turkey industry has been forced to contend with lately, this week, we thought it would be a good opportunity to get back to basics and instead, focus on some known variables...

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Apr 16 8:16 AM, Urner Barry


ANALYSIS: Chuck Contribution to Beef Cutout Making Major Moves

There has been a clear shift in demand patterns when looking at buying of boxed beef items during the current world pandemic. Middle meats, ribs and loins, typically...

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Apr 15 8:15 AM, Urner Barry


ANALYSIS: A Chicken Production Assessment

During times of market agitation, chicken market participants and industry observers turn to the stats in an attempt to regain a sense of...

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Apr 13 8:13 AM, Urner Barry


ANALYSIS: February Turkey Exports: Bittersweet

With February marking the second month of YoY reductions in total turkey export volume, it's safe to say that early year selling sentiment has been...

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Apr 9 8:25 AM, Urner Barry


ANALYSIS: Fresh Pork Roller Coaster

Historically in the pork market, the degree of volatility seen recently was almost exclusively earmarked for the belly component. However, as the industry reacts to the quickly evolving...

 

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Apr 9 8:24 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Apr 6 3:47 PM, Urner Barry


ANALYSIS: A Bird’s Eye Perspective of Price Volatility

Following an historic, if not overwhelming, upward surge in retail-oriented demand patterns, chicken marketers have now found themselves contending with...

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Apr 6 8:17 AM, Urner Barry


ANALYSIS: Shell Egg Prices Coming Under Pressure as Foodservice Demand Slows, Frees Supply

After a more than three-week rally that saw prices surge to record-high levels, the shell egg market has come under pressure amid shifting demand patterns. Just as retail demand...

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Apr 6 8:16 AM, Urner Barry


ANALYSIS: Fresh 50s Trend Sharply Lower

The market for fresh 50s closed sharply lower for the second day in a row. The weighted average moved about 21% lower on Tuesday and another...

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Apr 3 8:26 AM, Urner Barry


ANALYSIS: Briskets, Outside Skirts, and Tenders...Oh My!

We have been following the impact of COVID-19 on protein prices closely as the situation started unfolding. Most of the discussions we have been having is regarding...

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Apr 3 8:25 AM, Urner Barry


ANALYSIS: Pork Bellies Collapse to 1999 Levels

The last time pork bellies were trading at this level, you were probably more concerned with Y2K than what to do with excess bellies. We’re forced to turn the history books back to 1999 to see...

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Apr 2 8:19 AM, Urner Barry


ANALYSIS: Turkey Thigh Meat and Pork Hams: Feeling the Export Pressure

Marketers of turkey thigh meat and boneless pork hams are certainly no stranger to some cross-protein competition...

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Apr 2 8:19 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter


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Mar 30 3:44 PM, Urner Barry


ANALYSIS: Assessing COVID-19’s Initial Impact on the Chicken Market

Although COVID-19 is a relatively new challenge here in the US, its acute and unparalleled impact on spot market dynamics cannot be overstated...

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Mar 27 8:34 AM, Urner Barry


ANALYSIS: Egg Prices Begin to Stabilize as Consumer Shopping Slows, Demand Normalizes

Following weeks of unrelenting demand, market sources from coast to coast are beginning to see retail orders for eggs...

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Mar 27 8:27 AM, Urner Barry


ANALYSIS: Heightened Buyer Urgency Contributing to Reduced Turkey Stocks

Despite the pre-occupation with COVID-19 and its impact on the global protein markets as a whole, turkey freezer stocks are providing...

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Mar 26 8:26 AM, Urner Barry


ANALYSIS: Shell Egg Prices Soar to Record High Levels as COVID-19 Demand Persists, Inventories Drop

U.S. shell egg prices soared to fresh all-time highs today, as retail demand continues to come in at levels never-before seen due to COVID-19. The early round of buying witnessed a few weeks ago was...

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Mar 25 8:25 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Mar 23 5:01 PM, Urner Barry


ANALYSIS: Record Cattle Basis – Driven By Steep Losses in CME and Retail Buying Support

Assuming April live cattle close limit up today, March 19, 2020 at $95.10, that is a $17.90 spread from yesterday's $113 live trade in the South compared to...

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Mar 20 8:28 AM, Urner Barry


ANALYSIS: An Historical Look at Q1 Boneless Breast Performance

It almost goes without saying that the widespread impact of COVID-19 has left most food-oriented businesses scrambling to adapt to the rapidly developing and unpredictable swing in demand patterns...

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Mar 20 8:27 AM, Urner Barry


ANALYSIS: COVID-19 and the Pork Market

Analyzing a situation at the beginning or in the middle of a market-moving event is never an easy task, and with Coronavirus, this fact rings truer than ever. In truth, it has not been that long since...

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Mar 19 8:35 AM, Urner Barry


ANALYSIS: Shell Egg Prices Soar 95%, Inventories Drop as COVID-19 Fears Drive Retail Demand

U.S. shell egg prices have nearly doubled over the past two weeks, as coronavirus-related concerns have flooded retail stores with shoppers in pursuit of household necessities – eggs being one of the most...

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Mar 19 8:30 AM, Urner Barry


ANALYSIS: January Turkey Exports: Ups and Downs

Upon first glance, the latest turkey export data for the month of January appears to follow closely in the wake of December’s choppy year-end close...

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Mar 19 8:28 AM, Urner Barry


ANALYSIS: Sell-Off in CME Live Cattle Futures Triggers Key Indicator for Live Cattle

As the global equity markets remain volatile, and bond yields have moved significantly lower, CME live cattle futures have been...

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Mar 17 11:01 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

 

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Mar 16 2:23 PM, Urner Barry


ANALYSIS: Keeping Tabs on YoY Chicken Prices

With Q2 just around the corner, we thought it would be a good opportunity to gain some perspective on the YoY performance of some key items within the chicken complex...

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Mar 13 10:21 AM, Urner Barry


ANALYSIS: Whole-Body Toms: A Q1 Assessment

A central focus of turkey market participants has been whole body birds, and with good reason. Frozen turkeys have begun to...

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Mar 12 9:36 AM, Urner Barry


ANALYSIS: Shell-Egg Prices Jump to Three-Month High Amid Coronavirus Fears, Production Cuts

U.S. shell egg prices jumped to a three-month high yesterday amid reduced outputs and a surge in retail demand, spurred – at least in part – by fears related to...

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Mar 11 8:51 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Mar 9 3:34 PM, Urner Barry


ANALYSIS: All Eyes on Chicken White Meat

In a somewhat unexpected change of pace, chicken white meats have recently begun to gain some upward price momentum...

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Mar 6 8:21 AM, Urner Barry


ANALYSIS: A Turkey White Meat Conundrum

Those on the turkey white meat side of the business are no stranger to the ebb and flow of seasonality...

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Mar 5 8:23 AM, Urner Barry


ANALYSIS: Freezer Burn

In light of the recent attention being placed on China, a central focus of chicken processors and exporters has been the back half of the bird, and with good reason...

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Feb 28 8:16 AM, Urner Barry


ANALYSIS: Whole Bird Stocks Bolster Processor Enthusiasm

Following last month’s release of the USDA’s Cold Storage Report which drew some skepticism from market participants, the January report sends a jolt of optimism to sellers, especially those...

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Feb 27 11:26 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter 

Full Story »
Feb 24 2:49 PM, Urner Barry


ANALYSIS: Keeping Tabs on the Q1 Protein Production Trend

In light of this week’s uninspiring level of spot trade activity, we thought it would be a good opportunity to venture away from the day-to-day in favor of a broader view of...

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Feb 21 8:18 AM, Urner Barry


ANALYSIS: And the Year-End Export Figures Are...

The most recent release of the USDA’s export data paints a fairly choppy year-end picture to the turkey side of the business...

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Feb 20 8:20 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Feb 17 3:01 PM, Urner Barry


ANALYSIS: An Initial 2020 Chicken Production Assessment

With the first couple weeks of 2020 under the industry’s collective belt, we thought it would be a good opportunity to check in on the slaughter stats...

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Feb 14 8:34 AM, Urner Barry


ANALYSIS: Checking In On February’s Turkey Prices

Those in attendance at the National Turkey Federation Meeting this week are sure to be discussing the current state of the market and...

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Feb 13 9:22 AM, Urner Barry


ANALYSIS: A Post-Football Wing Assessment

In the thirty days following Superbowl Sunday, wing values have traditionally glided back down to regular levels...

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Feb 7 8:22 AM, Urner Barry


ANALYSIS: The Seasonal Price Floor of Whole Body Toms

Each year following the International Production and Processing Exposition (IPPE), players get down to business...

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Feb 6 9:00 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter 

 

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Feb 3 3:35 PM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jan 27 3:08 PM, Urner Barry


ANALYSIS: Chicken Cold Storage: The Year-End Figures Are In

After a great deal of anticipation, chicken market participants and observers finally get a glimpse of the year-end 2019 Cold Storage Report...

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Jan 24 8:21 AM, Urner Barry


ANALYSIS: US Table-Laying Hen Flock Climbs to Near-Record Level

U.S. egg production totaled 9.8 billion during December 2019, up 4% from last year, according to the USDA’s monthly Chicken and Eggs report released this week. The number of hens laying table or market type eggs rose to...

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Jan 24 8:20 AM, Urner Barry


ANALYSIS: Turkey Thigh Meat and Boneless Pork Ham Values: Raising the Bar 

While turkey thigh meat and boneless pork hams typically trade independently of one another here in the States, upon moving south of the border, these two proteins often...

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Jan 23 8:54 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jan 20 2:57 PM, Urner Barry


ANALYSIS: Chicken Weights – Onward and Upward

It almost goes without saying that when it comes to commodity valuation, there is no shortage of variables which have the potential to influence the supply and demand sides of the equation...

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Jan 17 8:17 AM, Urner Barry


ANALYSIS: An Off-Season Breast Meat Assessment

Turkey breast meat is no stranger to seasonal fluctuations in value. From an historical perspective, spot prices tend to reach their annual peak in late Q3 and...

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Jan 16 10:39 AM, Urner Barry


CHART: Industry Expectatons for Weekly Cattle Slaughter

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Jan 13 3:11 PM, Urner Barry


ANALYSIS: Weighing in on WOGs

As chicken market participants get their first glimpse of the 2020 trade environment, we thought it would be a great opportunity to check in on what has, so far, proven to be...

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Jan 10 8:19 AM, Urner Barry


ANALYSIS: Comparing the Rise & Fall of Holiday Rib Values

We closed off the last two months of 2019 seeing ribs continue to fall in price, leaving many to wonder when they would reach their bottom. Seasonally, the rib primal begins to collapse after the holiday buying season. The seasonal trend stayed true to course; however...

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Jan 9 9:26 AM, Urner Barry


ANALYSIS: A Turkey White Meat Comparison

From an historical standpoint, fresh breeder meat is currently enjoying a price relationship with fresh tom breast meat that is closer than it has been for most of the past decade...

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Jan 9 9:24 AM, Urner Barry


ANALYSIS: US Shell-Egg Inventories Climb to Record-High Levels

Total shell-egg stocks on hand soared 6.6% to a record-high 2.051 million cases this week, according to the USDA’s latest inventory report, released yesterday afternoon. Shell eggs alone increased...

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Jan 8 3:59 PM, Urner Barry


REPORTER: UK Egg Production Reaches All-time High

The UK’s egg packing station throughput reached another all-time record during Q3 reaching 7,998 thousand cases of eggs, up 3.6% year-on-year, according to...

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Jan 8 8:21 AM, Urner Barry


 

CHART: Industry Expectations for Weekly Cattle Slaughter

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Jan 6 2:37 PM, Urner Barry


REPORTER: Packing Plant Fire Causes Loss of Capacity, Leading to Record Margins

Boxed beef margins pierced through record levels driven by the reaction to the Tyson Food’s Holcomb, Kansas plant fire late Friday, August 9, 2019, and closure of the facility for an extended, unknown period. Before we expand on that...

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Jan 3 8:20 AM, Urner Barry




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