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ANALYSIS: Weighing In On Chicken Wings

In light of the attention that chicken wings have received recently, we thought it would be a great opportunity to check in on the various factors currently impacting the market...

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Oct 18 8:45 AM, Urner Barry



ANALYSIS: A Return to the Seasonal Norm

As we inch towards Thanksgiving and participants eagerly await fill-in business to develop, the return of seasonality this year has caught the attention of industry veterans who were beginning to forget what it looked like...

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Oct 17 8:33 AM, Urner Barry


CHART: Industry Expectations for Weekly Slaughter 

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Oct 14 3:44 PM, Urner Barry


ANALYSIS: All Eyes on Chicken Production

As chicken market participants navigate through the final quarter of 2019, they turn to the stats in an effort to better assess the various market influences that they face within the current trade environment...

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Oct 11 8:38 AM, Urner Barry


ANALYSIS: Tallying Up Turkey Export Tonnage

With August marking the fifth consecutive month of YoY advancements in total turkey export volume, it’s safe to say that, so far, 2019 has proven to be...

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Oct 10 8:31 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Oct 7 3:04 PM, Urner Barry


ANALYSIS: Keeping Tabs on Key Market Factors

In light of an underwhelming level of spot buying and selling activity within the chicken complex, we thought it would be a great opportunity to check in on some of the major influencers to see what impact they are having on the market...

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Oct 4 8:22 AM, Urner Barry


ANALYSIS: Turkey Production Tug of War

As we enter Q4, and without any significant hurdles between now and Thanksgiving, marketers of retail packaged turkeys are gearing up for a seasonally hectic pace associated with fulfilling and delivering voluminous holiday orders...

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Oct 3 8:23 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Sep 30 3:10 PM, Urner Barry


ANALYSIS: Checking in on Chicken in Cold Storage

Monday’s release of the USDA’s Cold Storage Report helps to reinforce many of the key market observations which we reported on throughout the month of August...

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Sep 27 8:58 AM, Urner Barry


ANALYSIS: Keeping Tabs on Frozen Turkey Inventory

Monday’s release of the USDA’s Cold Storage Report for the period ending August 31st marks the fifth consecutive month of YoY reductions of total frozen turkey holdings...

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Sep 26 8:22 AM, Urner Barry


ANALYSIS: Shell-Egg Inventories Jump 3.5% from Last Week; Up 12.9% from Last Year

Shell-egg supplies climbed 3.5% to 1.517 million cases last week, according to the USDA’s latest round of inventory data, released yesterday afternoon. This marks the...

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Sep 25 3:38 PM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Sep 23 4:45 PM, Urner Barry


ANALYSIS: Examining 2019’s Production Expectations

In light of this week’s relatively subdued level of spot trade activity within the chicken marketplace, we thought it would be a good opportunity to step away from the day-to-day in favor of a mile-high glimpse of 2019’s protein production outlook...

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Sep 20 10:01 AM, Urner Barry


ANALYSIS: Checking In On The Turkey Hatch

When it comes to turkey poult placements, 2019 has consistently trended below 2018 levels and August was no exception...

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Sep 19 8:15 AM, Urner Barry


CHART: Industry Expectations for Weekly Hog Slaughter

The Urner Barry hog slaughter poll for the week ending 9/21/19 resulted in an average industry participant response of 2,588,000 head...

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Sep 16 4:07 PM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter 

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Sep 16 2:12 PM, Urner Barry


ANALYSIS: Chicken Exports: A Strong Start to Q3

July’s export figures bring some much-needed clarity to a market which has been riddled with political trade tension and cross-protein competition, mostly in the form of increased outbound shipments of chicken...

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Sep 13 8:15 AM, Urner Barry


ANALYSIS: Beefing Up Turkey Exports

Despite positive performance in the latest turkey export figures, they still fell short of the buoyed expectations fueled by the Japan trade agreement back in...

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Sep 12 8:14 AM, Urner Barry


CHART: Industry Expecations for Weekly Cattle Slaughter 

 

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Sep 9 2:20 PM, Urner Barry


ANALYSIS: Another Day, Another Chicken

Keeping in line with what has, so far, been an historic year for production, the pullet placement figures suggest that even more broilers will be in the cards moving forward...

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Sep 6 8:18 AM, Urner Barry


ANALYSIS: Balancing the Supply and Demand Scale

Without any major food-oriented holidays left between now and Thanksgiving, whole bird market participants turn their attention toward November in anticipation of what’s to come... 

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Sep 5 8:17 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Sep 3 3:01 PM, Urner Barry


ANALYSIS: A Clear Trend Toward More Efficient Chicken Weights

 

 

 

 

 

 

 

 

With YTD ready-to-cook production continuing to trend upward by about 2% when compared to 2018, and in the absence of any major deviations in what has been a fairly lackluster set of demand patterns for chicken recently, we thought it would be a good time to turn our attention to the supply side of the equation...

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Aug 30 9:15 AM, Urner Barry


ANALYSIS: Gearing Up for Turkey Season

As we enter the final stretch of Q3, turkey market participants put their game faces on as whole bird season gets its second wind...

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Aug 29 9:04 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Aug 26 2:03 PM, Urner Barry


ANALYSIS: Record Low Medium Breast Meat Values: What's Happening at Retail?

When it comes to the former, the USDA Fresh Chicken Retail Feature Activity shows that current total chicken featuring resides well below the seven-year average, including 2018, a year which was certainly one to forget for those marketing fresh chicken parts...

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Aug 23 8:19 AM, Urner Barry


ANALYSIS: RTC Production: A Comparison Between Monthly and Weekly Data

As illustrated by our chart, monthly YTD ready-to-cook tonnage and the data derived from the weekly slaughter report have generally followed a similar rate of increase. The monthly data however, has consistently tended above the monthly RTC figures...

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Aug 22 9:45 AM, Urner Barry


ANALYSIS: Cold Storage Holdings: A Prognosticator of Wing Performance?

As preseason football season gets underway, fans are beginning to flock to their local drinking hole to watch the game and enjoy America’s favorite finger food: chicken wings. Taking a look at inventory levels and price reaction in the period leading up to...

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Aug 16 8:28 AM, Urner Barry


ANALYSIS: Turkey Thigh Meat and Boneless Pork Hams At a Crossroads

From an historical standpoint, marketers of turkey thigh meat and boneless pork ham are no strangers to some cross-protein rivalry...

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Aug 15 8:22 AM, Urner Barry


CHART: Industry Expectations for Hog Slaughter

 

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Aug 12 3:45 PM, Urner Barry


CHART: Industry Expectations for Cattle Slaughter

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Aug 12 3:37 PM, Urner Barry


ANALYSIS: “Smart” Poultry Houses Influential in Seasonally Heavy Bird Weights

When it comes to commodity valuation, there are numerous internal and external variables which have the capacity to influence the supply and demand sides of the equation...

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Aug 9 9:39 AM, Urner Barry


ANALYSIS: Turkey Demand Drives YoY Export Advances

As evidenced by the USDA’s most recent turkey export data, June turned out to be a fruitful month for those on the sell side of the equation...

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Aug 8 8:45 AM, Urner Barry


ANALYSIS: Automated Deboning Diluting Seasonal Volatility?

With the national average unemployment rate currently situated at 3.7%, it comes as no surprise that ongoing labor shortages have been a major source of frustration for chicken processors...

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Aug 2 8:38 AM, Urner Barry


ANALYSIS: Adding a Spring to Turkey’s Summertime Stride

Following what many players would term as a sluggish start to this year’s seasonally anticipated turkey white meat rally, marketers are finally embracing the return of some noteworthy seasonal underpinnings...

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Aug 1 8:20 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jul 30 2:31 PM, Urner Barry


ANALYSIS: YTD Headcount: It’s All About Efficiency

Following last week’s analysis, which investigated the year-over-year uptrend in both headcount and average live weight, this week, we delve into the individual bird weight classifications to shed some additional light on the recent surge in weekly RTC production figures...

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Jul 26 8:16 AM, Urner Barry


ANALYSIS: US Table Egg Flock Falls 14 Million Head Over Last 3 Months

The USDA’s Monthly Chicken and Eggs report, released Tuesday July 23rd, showed that at 327.31 million layers...

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Jul 25 8:24 AM, Urner Barry


ANALYSIS: Tallying up Turkey Tonnage

Monday’s release of the latest Cold Storage Report closely aligns with the market undercurrent and trade sentiment about which Urner Barry has been reporting...

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Jul 25 8:21 AM, Urner Barry


CHART: Industry Expectations For Weekly Cattle Slaughter

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Jul 22 3:11 PM, Urner Barry


ANALYSIS: Heavy Chickens and More of Them

The price depreciation that many key items within the chicken complex have exhibited this week has prompted players to search for both external and internal variables in an effort to shed some light on the recent price slump...

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Jul 19 8:21 AM, Urner Barry


ANALYSIS: A Bird’s Eye View of Poult Placement Figures

Monday’s release of the USDA’s Turkey Hatch Report continues to shed light on 2019’s declining poult placement trend...

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Jul 18 8:27 AM, Urner Barry


ANALYSIS: Cold Storage Holdings and Whole Wings: An Inverse Relationship

Counter to what historic seasonality suggests, the jumbo whole wing market has proven to be fairly steadfast following the “finger food”-oriented buying outreach of Q1...

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Jul 12 9:02 AM, Urner Barry


ANALYSIS: An Updraft in May’s Turkey Exports

By the looks of the USDA’s most recent data, May proved to be a lively month for those involved in turkey exports...

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Jul 11 9:00 AM, Urner Barry


REPORTER: Beef Demand Remains Strong in the Face of Growing Supplies 

This article was originally featured in the Summer 2019 Edition of Urner Barry's Reporter magazine.
 
 
It is incredible to see how beef continues to see strong demand throughout the world. On the domestic front, consumers are backed by the strength of the economy. The United States remains at record low unemployment, with the latest April reading at 3.6 percent. This has led to wage pressure and consumers have more money in their pockets to spend as a result. This is important as increased protein consumption...
 
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Jul 9 9:07 AM, Urner Barry


REPORTER: Pork: Turbulence Driven by African Swine Fever 

This article was originally featured in the Summer 2019 Edition of Urner Barry's Reporter magazine.
 
 
August 2018 marked the first reported case of African Swine Fever in China during this current outbreak. Since then, the virus has spread to every province of the country, resulting in massive livestock losses. This culling of the country’s most consumed meat has created uncertainty across all proteins, not just pork, for a number of reasons. For one, China consumes just 8% less pork than what all other countries combined produce. Also, the world’s combined pork exports would...
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Jul 9 8:56 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jul 8 2:22 PM, Urner Barry


REPORTER: Sheepish Sales, Even In The Veal Market 

This article was originally featured in the Summer 2019 Edition of Urner Barry's Reporter magazine.

Monthly lamb boxed cut prices in the first quarter of 2019 were mixed compared to the prior year. As of the second week in April, year-to-date lamb and mutton production numbers are roughly 4.8% lower. So far this year, USDA lamb imports have outpaced the equivalent month for last year. Demand for lamb is expected to be steady to slightly stronger as we progress through 2019.

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Jul 8 9:05 AM, Urner Barry


REPORTER: Supplies: It's a Matter of Balance 

This article was originally featured in the Summer 2019 Edition of Urner Barry's Reporter magazine.
 
 
So far this year has been a challenging one for chicken market participants and observers to definitively navigate. At the outset of 2019, concerns over the industry’s anticipated increase in processing capacity quickly fell by the wayside as livability challenges began to gradually emerge. Lighter than anticipated bird weights, in conjunction with seasonally stout foodservice, retail and further processing outreach efforts, helped to drive the value of several key items toward multi-year highs...  
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Jul 8 9:04 AM, Urner Barry


Reporter: How the U.S. Hog Industry has Changed 

This article was originally featured in the Summer 2019 Edition of Urner Barry's Reporter magazine.
 
 
Huge changes have occurred in U.S. swine production in the last 30 to 40 years, so many in fact that looking at the statistics alone would make one wonder if it’s even the same industry. And, well, in a sense it’s not...
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Jul 5 8:22 AM, General News


REPORTER: Internal Growth and Export Opportunities in the Mexican Beef Market 

This article was originally featured in the Summer 2019 Edition of Urner Barry's Reporter magazine.
 
 
Mexican beef production continuously increased each month throughout 2018. Last year’s annual beef production totaled 1.98 million metric tons, a 2.8% increase from 2017. Although production has continued to expand...
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Jul 5 8:21 AM, Urner Barry


REPORTER: Planting Season Gets Off to a Slow Start

This article was originally featured in the Summer 2019 Edition of Urner Barry's Reporter magazine.
 
 
The 2019 growing season got a rough start with wet weather hindering planting initiatives throughout much of the Midwest.
 
Corn planting can often be an exact science—the timing of which can have significant impacts on everything from...
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Jul 3 9:44 AM, Urner Barry


REPORTER: Big Cattle Numbers Seen in 2019 

This article was originally featured in the Summer 2019 Edition of Urner Barry's Reporter magazine.
 
 
 
There are a lot of cattle on U.S. pastures and feedlots in 2019. Domestic cattle supplies have rebounded significantly in the last five years from the 60-year low hit in 2014. In fact, as of January 1 the herd was the largest since...
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Jul 3 9:42 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jul 1 3:02 PM, Urner Barry


REPORTER: US Egg Prices Tracking Back Toward 2016 Lows

This article was originally featured in the Summer 2019 Edition of Urner Barry's Reporter magazine.

It seems there is never a dull year in the egg market. From diseases that rock the supply chain, promotions that excite consumers, changes in dietary guidelines, shifts in production standards, and countless other issues, markets are constantly being impacted by unexpected issues, both domestically
and abroad.

Over the last five years, the egg market has seen record highs and lows around the 2015 Avian Influenza Outbreak. Had it not been for these extremes, Urner Barry’s benchmark prices would have just broken all-time highs and lows in the last year alone. “Retail Wars” and international issues led to a record first quarter in 2018 and yet, a year later, egg prices struggled through the Easter marketing period, extending their decline...

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Jun 28 8:32 AM, Urner Barry


ANALYSIS: A Historic Glance at Boneless Breast Values…

From a historical perspective, medium-sized boneless breasts have retained an unwavering premium over their heavier-sized companions...

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Jun 28 8:24 AM, Urner Barry


ANALYSIS: Turkey Cold Storage Mirrors Market Ups and Downs

Last Friday’s release of the USDA’s Cold Storage Report closely coincides with the day-to-day experiences and overall trade sentiment of most turkey market participants...

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Jun 27 8:55 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jun 24 2:47 PM, Urner Barry


ANALYSIS: 2019 Chicken Market: Anything but Stagnant

In light of this week’s relatively subdued level of spot buying and selling activity, we thought it would be a good opportunity to get a bird’s eye view of some key market influencers and assess their impact on the supply and demand equation...

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Jun 21 9:40 AM, Urner Barry


ANALYSIS: Rising Corn Values Drive Down Turkey Production Expectations

According to the June issue of the Livestock, Dairy and Poultry Outlook report, turkey remains the only major protein forecasted to exhibit a YoY decline in annual production tonnage for 2019...

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Jun 20 9:28 AM, Urner Barry


ANALYSIS: Keeping Tabs on Feed Costs

While it is undeniable that any number of internal and external factors have the potential to impact a given commodity, it can be argued that production levels are perhaps one of the most impactful variables in the supply and demand equation...

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Jun 14 8:34 AM, Urner Barry


ANALYSIS: April Turkey Exports: A Year Over Year Assessment

According to the USDA’s most recent data, total turkey exports for the month of April came in just shy of 25,200 metric tons; a substantial 8.2% rise over this time last year...

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Jun 13 9:03 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jun 10 2:32 PM, Urner Barry


CHART: Industry Expectations for Weekly Hog Slaughter

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Jun 10 2:32 PM, Urner Barry


ANALYSIS: An Ongoing Trend Toward Greater Efficiency

The most recent release of the USDA’s Weekly Young Chickens Slaughtered Report closely coincides with the general expectations and overall experiences of most market participants...

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Jun 7 8:48 AM, Urner Barry


ANALYSIS: Tom Weights and Breast Meat Values

As marketers patiently await “deli season” and the improvement in buying outreach which typically comes along with it, they turn their attention to the supply side in an effort to further refine their market expectations...

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Jun 6 9:21 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jun 3 3:21 PM, Urner Barry


CHART: Industry Expectations for Weekly Hog Slaughter

The Urner Barry hog slaughter poll for the week ending 6/08/19 resulted in an average industry participant response of 2,417,000 head...

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Jun 3 3:21 PM, Urner Barry


ANALYSIS: Shedding Some Light on Slaughter

With year-to-date chicken head slaughter coming in about 1% above 2018 levels, and in the absence of any major changes in demand patterns, it stands to reason that 2019’s stout marketing environment can at least partially be attributed to a decline in average live weights and the reduced production that comes with it...

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May 31 9:20 AM, Urner Barry


ANALYSIS: Monthly Slaughter Report Helps to Clarify Cold Storage Plateau

Back in the end of March, Urner Barry called into question the accuracy of February’s inventory figures stating...

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May 30 9:09 AM, Urner Barry


CHART: Industry Expectations for Weekly Hog Slaughter

The Urner Barry hog slaughter poll for the week ending 6/01/19 resulted in an average industry participant response of 2,109,000 head...

Full Story »
May 28 3:23 PM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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May 28 3:17 PM, Urner Barry


ANALYSIS: ASF Update; Changing Global Protein Flows

At the time of this report, African Swine Fever continues to spread generally unchecked through China and has more recently expanded to the neighboring nations of Hong Kong, Vietnam and Cambodia, in addition to the revelation that North Korea has been dealing with it since at least February. The lastest official numbers from China admit a 20.8% drop in the April hog herd vs last year and sow losses of 22.3% year over year. As China is notoriously selective with the amount and accuracy of data that they provide the world, this situation could be...

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May 28 10:05 AM, Urner Barry


ANALYSIS: Cold Storage Holdings Show Signs of Seasonality

Wednesday’s release of the USDA’s Cold Storage Report helps to underpin many of the key market forces which remained evident throughout the month of April...

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May 24 9:26 AM, Urner Barry


ANALYSIS: A Mixed Showing for Chicken Exports

Between the African Swine Fever-related challenges on the pork side, the ongoing tariff scuffle between the U.S. and China, or the political tension south of the border, it’s safe to say that 2019 is proving to be an unsettled year for exporters...

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May 17 8:31 AM, Urner Barry


CHART: Industry Expectations for Weekly Hog Slaughter

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May 13 4:13 PM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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May 13 4:13 PM, Urner Barry


ANALYSIS: Heavier Bird Weights Turning the Tide Against Breast Meat Values?

While individual approaches to business can vary widely, a common variable which most players share an equal appreciation for is production...

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May 10 10:32 AM, Urner Barry


ANALYSIS: Thigh Meat Gets a Much Needed Leg Up

As springtime continues to take form, perhaps the most intriguing of all the turkey commodity lines is thigh meat...

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May 9 10:27 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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May 6 3:10 PM, Urner Barry


CHART: Industry Expectations for Weekly Hog Slaughter

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May 6 3:10 PM, Urner Barry


CHART: Industry Expectations for Weekly Hog Slaughter

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Apr 29 3:31 PM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Apr 29 2:38 PM, Urner Barry


ANALYSIS: Chicken Marketers Not Out of the Woods Yet

Although not immediately apparent by our chart, elevated public warehouse holdings continue to be a major cause for concern among chicken marketers...

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Apr 26 9:09 AM, Urner Barry


March Cold Storage Pressure Cooling Off

This month, we delve into most recent Cold Storage Report to see if turkey marketers can finally breathe a sigh of relief, or if the mounting pressure from the freezer doors remains intact...

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Apr 25 9:21 AM, Urner Barry




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