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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


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


CHART: Industry Expectations for Weekly Cattle Slaughter

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May 4 3:40 PM, 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




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