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Thu. Sep 24, 2020

ANALYSIS: Tidying Up Toms











































































ANALYSIS: What’s Going On with Tom Breast Meat?

It’s safe to say that Thanksgiving and the whole bird centric activity which typically...

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Oct 22 8:11 AM, Urner Barry



ANALYSIS: SpareRibs Lingering Around PEDv 2014 Levels

Like most items throughout the fresh pork complex, spareribs underwent a significant rally from...

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Oct 22 8:09 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Oct 19 1:57 PM, Urner Barry


ANALYSIS: August Chicken Exports - The Devil is In the Details

What a difference a year makes. About this time in 2019, chicken processors and allied components of the industry were licking their chops in anticipation of...

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Oct 16 8:25 AM, Urner Barry


ANALYSIS: Pork Cutout Showing October Highs

With both heightened retail and export demand continuing into the Autumn months, along with labor constraints and limited cold storage stocks, the Urner Barry Pork Cutout has ascended to...

 

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Oct 16 8:24 AM, Urner Barry


ANALYSIS: Nothing Average About Turkey Weights

This year being what it is, or has become as the case might be, there is not a protein offering on the street that has not had its traditional market world uprooted. Demand patterns have...

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Oct 15 8:26 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter 

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Oct 12 1:41 PM, Urner Barry


ANALYSIS: Ribeye to Strip Spread Continues to Widen Into Year-End

If we look at the chart for the spread (or price difference) between the ribeye and strip loin, it usually...

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Oct 12 8:26 AM, Urner Barry


ANALYSIS: UB Beef Cutout CAB®/Choice Spread Remains Historically Wide

The chart shows the spread between the UB Certified Angus Beef® Cutout and the UB Choice Cutout. The positive number reflects the premium paid for...

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Oct 9 8:24 AM, Urner Barry


ANALYSIS: Chicken Wings vs. “Boneless” Wings: An Opened Ended Debate

This year’s chicken market has been anything but predictable and despite their admirable performance, chicken wings are no exception...

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Oct 9 8:23 AM, Urner Barry


ANALYSIS: Lamb and Mutton Production Hit All-Time Lows

Yearly production has continued to lessen for lamb and mutton on the domestic front due to diminished interest in...

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Oct 8 8:23 AM, Urner Barry


ANALYSIS: Whole Body Turkeys: A Return to the Norm?

Turkey processors are once again shifting into high gear as they prepare for the anticipated return of fill-in demand leading up to the big holiday...

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Oct 8 8:23 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Oct 5 2:38 PM, Urner Barry


ANALYSIS: Pork 42 Trim vs. Beef 50 Trim

For some processed meat products, beef and pork trimmings can be used interchangeably on items such as...

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Oct 5 7:12 AM, Urner Barry


ANALYSIS: Chicken Cold Storage: A Reflection of the Times

August’s cold storage coincide with the current market status of most major lines and serve to remind us of the supply-side challenges which marketers continue to wrestle with...

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Oct 2 8:21 AM, Urner Barry


ANALYSIS: Turkey Holdings--In Tune With the Times

The most recent release of the USDA’s cold storage report helps to support the current standing of most major lines within the turkey complex while, at the same time, reflects...

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Oct 1 8:25 AM, Urner Barry


ANALYSIS: Pork Cold Storage 2020 Update 

Cold Storage is a key metric that allows us to see the impact the coronavirus pandemic has had, and continues to have, on the pork market overall. The diminished production in Q2, due to...

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Oct 1 8:25 AM, Urner Barry


ANALYSIS: U.S. Breaking Stock Values Surge on Strong Exports, Government Buying

U.S. breaking stock values have surged 41% over the past two weeks, thanks to strong export demand and...

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Oct 1 8:24 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Sep 28 2:10 PM, Urner Barry


ANALYSIS: Record Chicken Weight a Product of the Times

Seasoned observers of the chicken industry understand that a number of factors contribute to feed conversion and weight gain among broilers...

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Sep 25 7:47 AM, Urner Barry


ANALYSIS: Tidying Up Toms

It was only a few years back that the turkey industry was lamenting the state of the affairs in the whole bird market...

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Sep 24 3:48 PM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Sep 21 1:38 PM, Urner Barry


ANALYSIS: Chicken Slaughter--A Familiar Trend Emerges

With Q4 at our doorstep, this week we thought it would be a great opportunity to check in on the  slaughter stats to investigate how the average weights of chickens and the distribution of them relative to headcount, is stacking up to the high bar set in 2019...

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Sep 18 7:12 AM, Urner Barry


ANALYSIS: As Temperatures Rose, So Did Turkey Export Tonnage

Following three consecutive month-over-month reductions in total turkey export tonnage, July bucked the trend with outward volume increasing by 9.5 million pounds or 25.2% above...

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Sep 17 9:36 AM, Urner Barry


ANALYSIS: Pork Trim Point Per Lean Comparison

Late seasonal domestic demand, export interest, lighter hog weights, and diminished availability of boning line workers have been noted as...

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Sep 17 7:18 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Sep 14 3:17 PM, Urner Barry


China and Japan Suspend Pork Imports from Germany Following African Swine Fever Case 

According to the German Food and Agriculture Ministry, China and Japan have suspended imports of pork and live pigs from Germany after a case of African swine fever was confirmed in a wild boar near the Polish border in the eastern state of Brandenburg, Germany. This comes as South Korea banned imports of German pork last week.

Pork imports of 40,230 tons from Germany last year accounted for about 3.3% of Japan's total imports of pork, the ministry reported. Japan did not import any live pigs last year, down from six in 2018. China's ban on imports comes as the country deals with its own spread of the disease. German pork exports to China total about...

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Sep 14 9:43 AM, Urner Barry


ANALYSIS: ASF Reported in Germany; A Look at German Pork Exports

An African Swine Fever case has been identified and confirmed in one wild boar in Schenkendöbern, Brandenburg, Germany on...

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Sep 14 8:16 AM, Urner Barry


ANALYSIS: Q4 Wing and Tender Performance Dependent on Price and Seasonality

It is certainly a relief to have our daily lives slowly returning to something we might recognize as normal. There is no doubt that is the case for...

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Sep 11 8:22 AM, Urner Barry


ANALYSIS: Pork Offals in Cold Storage Decline as Fresh Supplies Remain Thin

The labor force continues to be stretched thin at many production plants following the wave of closures that occurred earlier in the year due to...

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Sep 10 8:23 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Sep 8 1:08 PM, Urner Barry


ANALYSIS: Don’t Count Your Chickens Before They Hit The Scale

When it comes to boneless breast valuation, most players would agree that, other than finicky demand, the seasonal ebb and flow of bird weights is perhaps...

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Sep 4 8:27 AM, Urner Barry


ANALYSIS: Tension In the Turkey White Meat Complex

In keeping with this year’s unusual and often precarious set of market conditions, a large differential has begun to...

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Sep 3 8:21 AM, Urner Barry


Urner Barry's Coronavirus Special Report - Volume IV

The global COVID-19 pandemic has disrupted consumer behavior, distribution, production, and market prices in a way we have never seen before. 

Now, as reopening efforts are underway, the latest business environment is a completely new venture for the food industry with its own learning curve. Both retail and foodservice have been forced to make sweeping changes in their respective sectors and adaptability remains key. Production setbacks were arguably one of the biggest challenges the meat industry faced in the last few months of the pandemic, but capacity has since largely returned to normal.

As we near the end of summer, seasonal shifts are also in play...

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Sep 3 8:19 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter 

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Aug 31 3:17 PM, Urner Barry


ANALYSIS: Digging Deeper into Chicken Leg Quarters

The uninspiring level of demand that sellers are currently contending with is nothing new for those with exposure to the back-half of the bird...

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Aug 28 8:24 AM, Urner Barry


ANALYSIS: The Spread Between Wholesale and Retail Beef Prices

During the COVID-19, wholesale beef prices have moved through phases as the situation changed...

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Aug 27 8:21 AM, Urner Barry


ANALYSIS: Turkey Cold Storage: Traversing Along a Bumpy Seasonal Path

The latest release of the USDA’s Cold Storage Report not only helps to speak to the solid supply positioning of major turkey lines, but it also highlights...

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Aug 27 8:21 AM, Urner Barry


ANALYSIS: Year-Over-Year Highs for Sow Slaughter

According to the June Hogs and Pigs report, intended farrowings for September-November are down 5% from a year ago, implying...

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Aug 26 8:20 AM, Urner Barry


ANALYSIS: Taking a Look At the Spread Between Ribeyes and Strip Loins 

Typically, ribs and loins follow the same sort of trend, and are largely sought after in the foodservice sector. This year, with the pandemic, there has been...

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Aug 25 8:20 AM, Urner Barry


ANALYSIS: Tallying up Turkey Tonnage

Today we thought it would be a good opportunity to take a step away from the day-to-day in favor of a broader look at the production side of the turkey equation...

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Aug 20 8:21 AM, Urner Barry



ANALYSIS: Chicken Tenders: Rolling With the Punches

2020’s chicken market has been a far cry from conventional and the tender segment is no exception...

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Aug 14 8:23 AM, Urner Barry


ANALYSIS: Price Sensitivity Dictating Mexican Ham Demand

Over the years turkey thigh meat, the primary component of turkey hams, and boneless pork hams, have shared a distinct and somewhat polarized relationship with one another...

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Aug 13 8:22 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Aug 10 2:49 PM, Urner Barry


ANALYSIS: Stairs Going Up, Elevator Going Down

While 2020’s chicken market has certainly had its fair share of ups and downs recently, it has also brought with it...

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Aug 7 8:24 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Aug 3 3:33 PM, Urner Barry


ANALYSIS: Jumbo Wings: A Mid-Year Coin Toss

2020 has been anything but predictable and the wing market is no exception. While a seasonal increase in buying interest and in paid prices is...

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Jul 31 8:22 AM, Urner Barry


ANALYSIS: Turkey Slaughter Tells a Seasonal Tale, with a COVID-19 Twist

As we approach the end of July, and without any significant changes to what has been a relatively quiet trade environment lately, turkey participants and observers are taking some extra time to...

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Jul 30 8:31 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jul 27 3:39 PM, Urner Barry


ANALYSIS: Estimated Pork Packer Margins vs The Pork Cutout

Estimated pork packer margins for standard operations, or outside purchasers of hogs, reached record highs in May, following the difficult period when COVID-19 resulted in...

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Jul 27 8:16 AM, Urner Barry


ANALYSIS: Chicken Cold Storage: A Mid-Year Freeze

Wednesday’s release of the USDA’s Cold Storage Report closely coincides with the current standing of most major chicken lines and also reflects...

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Jul 24 8:22 AM, Urner Barry


ANALYSIS: Turkey Exports in May: A Sign of the Times

Closely aligned with the real-world trade experiences of turkey market participants, May not only marks the second consecutive month of...

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Jul 23 8:22 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jul 20 3:38 PM, Urner Barry


ANALYSIS: For Chicken Processors, “Normal” Can’t Come Soon Enough

Between the ongoing challenges associated with plant worker absenteeism, fluctuating slaughter figures and the unpredictable pull from both...

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Jul 17 8:21 AM, Urner Barry


ANALYSIS: The Sustained Flight of Whole-Body Turkeys

In terms of turkey trade activity, there isn’t a whole lot going on here in Mid-July. Market participants continue to contend with the widespread supply and demand challenges associated with...

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Jul 16 8:23 AM, Urner Barry


ANALYSIS: Pork 2020 Comparison

The first half of 2020 was highly volatile in the pork market due to a myriad of factors. While cases of ASF continued to be reported across several...

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Jul 16 8:23 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jul 13 3:40 PM, Urner Barry


ANALYSIS: The Growing Price Gap Between Jumbo and Select Sized Boneless

Last year, we published an article titled, “Boneless Chicken Breasts and the New Norm” which shed light on...

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Jul 10 8:23 AM, Urner Barry


ANALYSIS: A Tenuous Year for Turkey Trade

Closely coinciding with the real-world trade experiences of market participants, the latest export figures bring with them no surprises as they continue to...

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Jul 9 8:19 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jul 6 3:03 PM, Urner Barry


ANALYSIS: Chiming in on the Mid-Year Turkey Market

As we usher in Q3, and in the absence of any major deviations in this week’s overall market environment, we thought it would be a great opportunity to break away from...

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Jul 2 8:22 AM, Urner Barry


ANALYSIS: U.S. Protein Inventories Drawn Down During Plant Closures

U.S. cold storage stocks declined across the beef, pork, chicken, and egg categories in May as product was needed to...

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Jul 1 8:26 AM, Urner Barry


Urner Barry's Coronavirus Special Report - Volume III

The global COVID-19 pandemic has disrupted consumer behavior, distribution, production, and market prices in a way we have never seen before. From stay-at-home directives that spurred a run on retail while foodservice operations were limited or halted all-together, to production cutbacks caused by labor shortages at the plant level, the industry has had much to contend with over the past several months.

Now, as many states have begun reopening phases, the industry is making strides in returning to a more “normal” business environment—however the face of this new normal will likely look a bit different...

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Jun 30 8:06 AM, Urner Barry


CHART:Industry Expectations for Weekly Cattle Slaughter

 

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Jun 29 3:18 PM, Urner Barry


ANALYSIS: Hatchery figures: Filling a Need but Which One?

By almost every measure, 2020 has been an historic year and one which has rocked the chicken industry to its core...

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Jun 26 8:13 AM, Urner Barry


ANALYSIS: Retail Beef and Broiler Prices At Highs, Pork Close

There was a change in leadership in food spend during the COVID-19, and it probably wasn’t unexpected given what transpired globally...

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Jun 25 8:24 AM, Urner Barry


ANALYSIS: Turkey Cold Storage: Standing Resolute

Monday’s release of the USDA’s Cold Storage Report helps support the current standing of most major lines, and also reflects...

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Jun 25 8:24 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jun 22 2:08 PM, Urner Barry


ANALYSIS: Labor Issues Create Record Spread Between Bone-in and Boneless Hams

Despite the nation’s gradual recovery and reopening, labor issues continue to plague some areas of the pork industry. We have seen this most often...

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Jun 19 8:18 AM, Urner Barry


ANALYSIS: Heavy Chickens and More of Them

Keen observers of the chicken market are well aware of the growing price spread between medium and jumbo-sized product...

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Jun 19 8:18 AM, Urner Barry


ANALYSIS: Tom and Hen Poults Follow a Distinct YoY Path

As stay-at-home guidelines are lifted and the foodservice sector gradually returns, turkey market participants look to the hatch data in an attempt to refine their buying and...

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Jun 18 8:20 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jun 15 3:06 PM, Urner Barry


ANALYSIS: Shell Egg Prices Drop to Five-Month Low as Demand Lessens, Supplies Mount

After holding steady for the entire back half of May, shell-egg prices have once again come under pressure amid slowing demand patterns and mounting inventories. Suppliers were hopeful that the above-average sales they’d enjoyed since the start of the pandemic would endure, but seasonal demand shifts appear to have set in – as they often do in June, when the weather warms and consumers turn their attention to colder breakfast options.

Even where orders remain slightly above average for this time of year, they’ve slowed from some of the heavier volumes reported in May. The USDA reported Wednesday that its Weekly Shell Egg Demand Indicator – an estimate of demand based on current production and inventory clearance – plunged to its lowest level in more than a year...

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Jun 15 9:00 AM, Urner Barry


ANALYSIS: A Divergence Between YoY Chicken Headcount and Average Live Weight

It almost goes without saying that COVID-19 related challenges have impacted just about every aspect of the chicken market and have translated into a highly volatile set of buying and selling conditions over the past several months...

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Jun 12 8:00 AM, Urner Barry


ANALYSIS: A Mixed Month for Turkey Exports

For the past three months, total turkey export volume has consistently trended below year-ago levels and April was no exception...

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Jun 11 8:10 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter

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Jun 8 3:15 PM, Urner Barry


ANALYSIS: April Shrimp Imports Increase 6.2 Percent

April imports were released today and showed another increase over the same month last year, continuing the trend set in the first three months. The data showed a 6.2 percent increase over last April to 113.822 million pounds. Urner Barry Consulting expectations were in-line with actual figures against some others that believed imports would fall because of shutdowns across the globe.

Of our top five trade partners, gains from the consensus top two, India (+25.2%) and Indonesia (+44.6%) overpowered less shipments from Ecuador (-30.9%), Vietnam (-10.5%), and Thailand (-5.9%)...

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Jun 5 10:32 AM, SeafoodNews


ANALYSIS: A Jumbo/Medium Chicken Breast Meat Inflection Point

Over the years, medium-sized boneless breasts have enjoyed an unyielding premium over their jumbo-sized counterparts...

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Jun 5 8:11 AM, Urner Barry


ANALYSIS: Pork Butts See Significant Pressure After Memorial Day

Substantial pressure continues to be noted throughout the fresh pork complex with bone-in butts seeing considerable losses in just...

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Jun 5 8:10 AM, Urner Barry


ANALYSIS: Boneless Pork Loins Broke 3 Records on June 1st

We kicked off June with a bang in the boneless pork loin market. The reactions to COVID-19 continue to produce volatility across the pork market. Having moved to record highs prior to...

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Jun 4 8:12 AM, Urner Barry


ANALYSIS: Turkey - Potential Production Progress Report

About a month ago we took a look at turkey egg sets which had plummeted to some of the lowest seasonal figures on record...

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Jun 4 8:12 AM, Urner Barry


CHART: Industry Expectations for Weekly Cattle Slaughter 

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Jun 1 2:40 PM, 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...

Full Story »
May 22 8:15 AM, Urner Barry




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