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This Week in Retail: Tight Cold Storage Stocks Keep Prices Elevated for Many Meat Items

Pumpkin spice lovers, rejoice! Yesterday marked the first day of autumn and consumers are gearing up for cooler temperatures and hearty home-cooked meals. As we approach the fourth quarter, retailers are optimistic that fall-oriented demand will help maintain a strong consumer pull for meat and poultry products.  

For hog producers, autumn typically signals a period of seasonal expansion in supplies. Buying interest among packers who purchase hogs in the open market has slowed considerably in recent weeks, according to livestock dealers. This suggests that hog supplies overall are adequate for packers’ needs and current processing capacity, which continues to be strained by labor challenges...

Full Story »
Sep 23 9:23 AM, UB Newswires



This Week in Retail: Heat Lingers, but Grocers Look Towards Fall Demand

Heat continues to blanket much of the country in mid-September. Meanwhile, hurricane season is wreaking havoc along the eastern U.S. and Gulf Coast, with tropical storm Daniel being the latest system to rear its ugly head.

With some communities still reeling from the devasting damage of Hurricane Ida and others flooded by torrential rainfall from Nicholas, late-summer grilling plans are far removed from the priority list for many households. 

Meanwhile, the first day of fall is just under one week away. For retailers, the transition to autumn will mean increased consumer preference for fall favorites like roasts. Weather-permitting, tail gaiting at sports events as fans celebrate NFL season could prolong demand for grilling cuts while supporting popular game-time foods like wings.

Speaking of wing fanatics, the National Chicken Council recognizes September as National Chicken Month. Some grocers are advertising additional chicken cuts to encourage consumer spending on poultry. However, the number of chicken advertisements this week in Urner Barry’s survey was down from a week ago and was also below the last half of August...

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Sep 16 9:39 AM, UB Newswires


Sep 15 11:08 AM, Urner Barry

VIDEO: Morning Market Roundup September 14

Urner Barry's reporters discuss the plant fire at JBS, weather affecting plant proteins, and chicken wing prices.

Full Story »

The Executive Conference is Back and Better Than Ever This Year—and There's Still Time to Register!

We're bringing you in-person networking, impactful content, and a hard-hitting lineup of speakers, including the one and only Bo Jackson!

Urner Barry’s Executive Conference is just a few weeks away and there’s still time to register and make your way to Las Vegas for this exclusive event!

This year’s show is at The Venetian in Las Vegas, September 26-28th. Yes, we are LIVE and in-person this year and we know you are anxious to get back down to business and meet with fellow colleagues to network and learn at the industry’s most prestigious event!

The past 18 months have brought countless challenges and disrupted market dynamics more than ever before. Our industry has...

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Sep 14 8:51 AM, Urner Barry


Grand Island Fire Department Battles Blaze at JBS Beef Plant in Nebraska

On Sunday evening, a fire broke out at the rendering section of JBS’s beef plant in Grand Island, Nebraska. According to a recent tweet from the Grand Island Fire Department, fresh crews have been called to the scene to battle the blaze.

On a Facebook post, JBS stated, “As of this time fabrication and slaughter A and B shift will not be working September 13, 2021. We will...

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Sep 13 9:28 AM, UB Newswires


Tyson Foods Categorically Rejects Conclusions Drawn by White House

Tyson Foods categorically rejects the conclusions drawn by the Secretary of Agriculture and the Director of the National Economic Council in a White House press briefing.

The U.S. Department of Agriculture recently published a report detailing the drivers of consumer inflation in the food sector, none of which are related to industry consolidation or scale. The report can be found here.

Increase in Beef Prices due to Unprecedented Market Conditions

As we have explained in great detail to the U.S. Senate Committee on the Judiciary, in testimony provided in August 2021, which can...

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Sep 9 8:49 AM, General News


Record Value for July Beef Exports; Pork Value also Strong

U.S. beef exports set another new value record in July, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). July export value climbed 45% from a year ago to $939.1 million, while volume was the third largest of the post-BSE era at 122,743 metric tons (mt), up 14% year-over-year.

For January through July, beef exports increased 18% from a year ago to 822,830 mt, with value up 30% to $5.58 billion. Compared to the pace established in 2018, the record year for...

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Sep 8 9:21 AM, General News


Traders Assess Suspension of Brazilian Beef Exports to China Due to BSE

Over the weekend, the agriculture ministry reported that Brazil has suspended beef exports to China after confirming two cases of “atypical” bovine spongiform encephalopathy (BSE) in two domestic meat plants. BSE, also referred to as mad cow disease, is a fatal neurodegenerative disease of cattle that is transmitted through contaminated feed. The two cases recently confirmed in Brazil were “atypical” since the disease appeared “spontaneously and sporadically, unrelated to the ingestion of contaminated food”, according to the agriculture ministry. 

It is not yet certain when Brazilian beef exports to China will resume. The ministry stated there was no risk to animal or human health.

BSE was first diagnosed in 1986 in the United Kingdom and has since been detected in other countries. The first known case of BSE in the United States occurred in 2003 and resulted in the loss of most of the United States’ beef exports in 2004. 

Brazil was the world's largest beef exporter in 2020. The indefinite suspension of Brazilian beef exports to China could be supportive of U.S. beef exports if the ban is not resolved quickly...

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Sep 7 10:23 AM, UB Newswires


This Week in Retail: How the Ads Stack Up for Labor Day

Labor Day weekend is a stone’s throw away and retailers are spotlighting popular grilling items as we approach the final weeks of summer. 

Beef reigns number one in circular ad space this week with 28.6 percent of total feature volume, followed by seafood with 25.5 percent. Pork surpasses chicken for third with 24.3 percent. Chicken claimed 17.1 percent.

In the beef complex, 80% lean ground beef is on feature for an average of $3.19 per pound, down from $3.25 per pound last year. 80% lean ground beef is the only item in the beef complex displaying lower YOY feature prices this week. Top round London Broil, a favorable choice for grillling, is featured at $4.16 per pound, 27.2% above a year ago. The steak complex currently averages $8.70 per pound, nearly one dollar more per pound versus last year. T-bone and top sirloin are heavily advertised this week and their feature prices average about 23% and 8%, respectively, above 2020...

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Sep 3 8:39 AM, UB Newswires


NCBA Secures Extension of Critical Exemption for Livestock Haulers

Today, the Federal Motor Carrier Safety Administration (FMCSA) announced an extension of the exemption from hours-of-service (HOS) requirements for livestock haulers. Livestock haulers continue to need this flexibility for the well-being of livestock during hauls, and to keep grocery stores stocked with beef during the continued disruption of COVID-19. This extension comes after consistent advocacy by the National Cattlemen's Beef Association (NCBA).

Thanks in part to NCBA's continued push on this issue, livestock haulers have been operating under an HOS exemption since the beginning of the...

 

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Sep 1 8:40 AM, General News


This Week in Retail: The Value of Labor

Labor Day – a holiday to honor the American labor movement – is a little over one week away. The invaluable contributions made by our nation’s workers warrants special recognition this year as nearly all sectors face widespread labor shortages during these unprecedented times.

These days ‘Help Wanted’ signs are commonplace and many restaurants have pared down their menu offerings in response to tight supplies. The retail landscape across nearly all proteins has been shaped by labor and processing constraints as some grocers struggle to secure enough product. Retail prices for several red meat, poultry, and seafood items this week continue to trend above 2020 levels.

Labor Day ads will be in full view next week and retailers will promote popular grilling items like pork chops, ribs, and steak. Grocers are also prepping for an influx of...

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Aug 27 8:41 AM, UB Newswires


Beef Quarterly Q3 2021: Déjà Vu Argentina

In May this year, the Argentine government imposed a 30-day suspension on beef exports. After those 30 days, new limitations were placed on the volume and type of beef that could be exported. In our feature article, we look at what impact this will have on the Argentine beef industry and the global market.

Covid-19

Global confirmed case numbers began rising again in mid-June, after falling from a peak in late April. Numbers in Europe, the Eastern Mediterranean region, Africa, and the Western Pacific region have seen large rises. Food retail figures remain strong, and foodservice sales were still...

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Aug 26 8:26 AM, General News


Aug 25 8:25 AM, Urner Barry

VIDEO: Morning Market Roundup August 24

Urner Barry's reporters discuss cattle figures, UK beef, and pork cold storage.

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This Week in Retail: Prepping for Labor Day; Pork and Beef Indices Forge Record Highs  

Labor Day weekend – a symbolic end of summer – is sadly within reach for families scrambling to fit in one last vacation before school resumes. For some college students, the fall semester has already begun. Among retailers, the Labor Day holiday is widely viewed as the last major grilling weekend of the year.

Grocery stores could see an uptick in foot traffic as parents restock on school staples like breakfast and lunch foods. Typically, aside from back-to-school demand and Labor Day grilling opportunities, the meat case takes a back seat in mid to late August. This year, however, beef and pork appear well-positioned to remain in the spotlight despite a traditional period of seasonal... 

 

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Aug 19 10:15 AM, UB Newswires


Aug 18 8:36 AM, Urner Barry

VIDEO: Morning Market Roundup August 17

Urner Barry's reporters discuss the egg market rally, ASF affecting Mexican beef exports, and the latest chicken export figures.

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Real Good Foods Expands Frozen Entrée Offerings at Kroger Stores Nationwide

The Real Good Foods Company, a high growth brand in frozen food, announced today the launch of seven new frozen, high protein, low carb, grain free, gluten free entrées in approximately 1,500 Kroger stores nationwide. These tasty offerings are made with real ingredients that allow consumers to stay on track with their health and wellness goals while also bringing convenience to every lifestyle.

"We are delighted with this expansion of approximately 10,000 points of distribution in Kroger stores and Kroger owned banners," said Bryan Freeman, Executive Chairman of...

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Aug 17 9:04 AM, General News


This Week in Retail: Tight Supplies, Stellar Protein Demand; A Case of Déjà Vu?

August is flying by and retail ads are beginning to shift from grilling staples to tailgating must-haves as retailers highlight NFL preseason. Consumer demand for beef, pork, and chicken has remained stellar leading up to the fall, and tight supplies across most protein items may continue to keep retail prices elevated.

This week in retail we look at the situation surrounding the poultry and red meat complex, which continues to be influenced by the pandemic and ongoing logistical challenges. 

This time last year, retail prices were higher for many protein items amid efforts to reopen food service and dining capacity across the nation. The situation in August 2021 appears to be a case of déjà vu as retail prices, for beef and pork, in particular, trend higher than year-ago levels. The Delta variant is fueling volatility in the marketplace and re-emerging patterns of panic-buying are becoming increasingly likely. 

A year ago, seafood and beef features...

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Aug 13 7:43 AM, UB Newswires


PODCAST: UK Beef Chats Episode 28

This week on UK Beef Chats Episode 28, Mike Nesbitt discusses the softening of red meat demand at retail, items that are peaking interest for catering demand, panic buying and much more!

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Aug 12 2:16 PM, Urner Barry


ANALYSIS: Lackluster Cattle Slaughter, Tight Supplies Lift Boxed Beef Prices

For those monitoring cattle slaughter levels, there is a common takeaway that processing capacity has not yet recovered to pre-pandemic levels. Production and distribution challenges due to ongoing labor shortages may...

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Aug 12 8:35 AM, UB Newswires


Tattooed Chef Launches New Innovation Items at Sprouts Farmers Market

Tattooed Chef, Inc., a leader in plant based foods, announced it has launched four entrée bowls including two new flavors at Sprouts Farmers Market in approximately 340 stores.

The four entrée bowl flavors are now available to Sprouts Farmers Market shoppers, including the new Buffalo Cauliflower Mac & Cheese Bowl and Spicy Thai Bowl...

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Aug 11 3:12 PM, General News


Aug 11 8:30 AM, Urner Barry

VIDEO: Morning Market Roundup August 10

Urner Barry's reporters discuss cash hogs, UK beef, and US beef demand.

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U.S. Beef and Pork Exports on Record Pace through June

U.S. red meat exports closed the first half of the year on a strong note, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Although volume and value eased from the enormous totals posted in April and May, export value was still the highest on record for the month of June and first-half shipments established a record pace for both beef and pork exports.

“USMEF had expected a continued strong performance in June for both beef and pork exports, despite significant headwinds,” said...

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Aug 10 8:27 AM, General News


Tyson Foods Reports Third Quarter 2021 Results

Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, reported the following results:

First Nine Months Highlights

- GAAP EPS of $4.63, up 20% from prior year; Adjusted EPS of $5.98, up 61% from prior year
- GAAP operating income of $2,487 million, up...

 

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Aug 9 9:03 AM, General News


USDA Adopts Market Transparency Policies Backed by NCBA

The U.S. Department of Agriculture-Agricultural Marketing Service (USDA-AMS) announced that it will begin publishing a National Daily Direct Formula Base Cattle report, which will provide greater information into the foundational prices used in cattle market formulas, grids, and contracts, and a National Weekly Cattle Net Price Distribution report, which will show the volume of cattle purchased at each different level of pricing within those formulas, grids, and contracts. NCBA has long urged USDA to adopt policies that increase transparency in the cattle markets and applauds this effort to provide producers greater insight into cattle transactions.

“USDA’s announcement is a significant step toward increasing transparency in the cattle markets,” said NCBA Vice President of Government Affairs Ethan Lane. “As Livestock Mandatory Reporting awaits...

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Aug 6 8:21 AM, General News


Study Shows How Corn and Soybean Producers Benefit from U.S. Red Meat Exports

U.S. beef and pork exports brought critical returns to the corn and soybean industries in 2020, according to an independent study conducted by World Perspectives, Inc. and released by the U.S. Meat Export Federation (USMEF). According to the study, U.S. beef and pork exports added 41 cents per bushel to the value of corn and $1.06 per bushel to soybeans in 2020.

“As the study indicates, my farm gains from red meat exports in the price of every acre of crops that we grow,” says...

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Aug 6 8:20 AM, General News


PODCAST: UK Beef Chats Episode 27

This week on UK Beef Chats we cover highs across the UK Beef Complex, tight supplies, labor issues and driver shortages. 

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Aug 5 2:22 PM, Urner Barry


This Week in Retail: The Outlook for August

The dog days of summer will soon be behind us and below normal temperatures are already starting to materialize in the areas spanning the central Plains to the East Coast. This week is retail, we delve into the supply and demand landscape that will impact retail meat prices in August.

As more moderate temperatures begin to arrive, grocers will begin to shift their attention to back-to-school needs by featuring items used in lunches and snacks. These items typically include easy-to-prepare frozen meals like pizza along with deli meats.

Retailers will also begin to promote breakfast foods like eggs. In addition, retailers will be focusing on dinnertime staples since families tend to sit down together for...

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Aug 5 10:16 AM, UB Newswires


Yoshinoya Japanese Kitchen Announces the Return of Grilled Steak

Grilled Steak is coming back to Yoshinoya Japanese Kitchen. Back by overwhelming customer demand, this premium steak entrée starts with strips of seared steak that are topped with a soy glaze and paired with veggies and a choice of steamed rice or not-so-fried rice. A summertime special, the Grilled Steak promotion will only be available for a limited time.

Yoshinoya will also celebrate this summer launch with double Yoshinoya Rewards points from 8/4 through 8/15 when guests order Grilled Steak through the Yoshinoya app...

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Aug 5 8:27 AM, General News


Aug 4 8:37 AM, Urner Barry

VIDEO: Morning Market Roundup August 3

Urner Barry's reporters discuss trimmings in the pork market and fresh 50s beef, plus chicken production.

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Red Robin Announces Limited Time Offerings for Summer 

Red Robin Gourmet Burgers and Brews is spicing things up this summer by inviting guests to gather around the table with its new Summer Heat Wave menu items. Available for a limited time only, this delectable lineup is a perfect blend of heat and flavor.

Guests cherish their moments of connection at Red Robin, especially in the hot months of summer. They can opt for a sizzling Scorpion Gourmet Burger with bottomless fries; share Red Robin's Scorpion Wings with flavor-seeking friends and family; complement their meal with...

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Aug 4 8:32 AM, General News


Greater Omaha Packing Recalls Raw Beef Products Due to Possible E. Coli 0157:H7 Contamination

Greater Omaha Packing, an Omaha, Neb. establishment, is recalling approximately 295,236 pounds of raw beef products intended for non-intact use that may be contaminated with E. coli O157:H7, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The raw beef products intended for non-intact use were produced on July 13, 2021.

The products subject to recall bear establishment number “EST. 960A” inside the USDA mark of inspection. These items were distributed to further processors in Illinois...

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Jul 30 9:53 AM, General News


Tyson Fresh Meats Leader Testifies About Beef Industry at Senate Hearing

Shane Miller, group president of Tyson Fresh Meats, the beef and pork unit of Tyson Foods, testified about the beef industry during a hearing held today by the U.S. Senate Committee on the Judiciary. Below is Miller’s written testimony:

Chairman Durbin, Ranking Member Grassley, members of the Judiciary Committee, thank you for inviting me here today.

I proudly represent Tyson Foods, a company based in Springdale, Arkansas, and founded nearly a century ago by John W. Tyson, who started this business trucking chickens to markets across the Midwest...

 

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Jul 30 8:34 AM, General News


Quick 'N Eat Angus Beef Patties and New Burger Product Lines Now Sold in U.S. Walmart Locations

Quick 'N Eat is introducing authentically flame-grilled beef patties to frozen, fully cooked meat aisles at Walmart locations across the country.

The rapidly growing producer of affordable, high-quality beef products has also extended its products within the fully cooked burger category, including an all-new turkey burger. Now available at...

 

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Jul 30 8:34 AM, General News


PLANT PROTEIN: Get to Know Players in the Plant Protein Market: Plantible 

Duckweed is an incredibly sustainable and well rounded source of plant-based protein, and we haven’t seen enough of it in U.S. markets. Plantible, founded by Tony Martens and Maurits van de Ven in 2016, is changing that.

A member of the aquatic plant genus Lemna, duckweed contains all 9 amino acids, can grow to double its size in 48-72 hours, and can be cultivated on typically non-arable land. When processed correctly, duckweed results in a tasteless, colorless protein isolate with a wide range of applications, from...

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Jul 29 8:28 AM, Plant Protein


PODCAST: UK Beef Chats Episode 26

This week on UK Beef Chats, market expert Mike Nesbitt discusses labor shortages, pandemic pressure on the supply chain, and elevated prices.

Full Story »
Jul 28 10:47 AM, Urner Barry


PODCAST: UK Beef Chats Episode 25

This week on UK Beef Chats, market expert Mike Nesbitt discusses how different parts of the supply chain are mitigating elevated prices and supply issues. Also covered are notable trends in the imports market.

Full Story »
Jul 28 10:39 AM, Urner Barry


Jul 28 8:25 AM, Urner Barry

VIDEO: Morning Market Roundup July 27

Urner Barry's reporters discuss the egg market, cold storage for chicken & poultry, plus cattle on feed.

Full Story »

Sweet Earth Foods Debuts New Plant-Based Breakfast Bowls and Reformulated Deli Slices Nationwide

Plant-based foods innovator Sweet Earth Foods is announcing the nationwide launch of their new heat-and-eat Breakfast Bowls and reformulated, ready-to-eat Deli Slices. As consumers return to on-the-go busy lifestyles, these prepared meal and plant-based protein offerings provide quick plant-based solutions.

The three new Sweet Earth Breakfast Bowls meet this demand and are inspired by classic regional scrambles, all while offering between 17 - 20 grams of plant protein and three to five grams of fiber in every bowl. New flavors found in the frozen meals section include...

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Jul 28 8:23 AM, General News


Dr. Praeger’s Launches Four New Products Nationwide at Whole Foods Market

Dr. Praeger’s Sensible Foods announced the introduction of four new products to Whole Foods Market shelves nationwide.

Beginning in August, Whole Foods shoppers can find Dr. Praeger’s Cauliflower Veggie Burger, Perfect Burger, Original Chick’n Littles and Spinach Littles Value Pack on shelves at their local Whole Foods. These new products join an existing array of Dr. Praeger’s products that Whole Foods customers have been purchasing for years, including the California Veggie Burger, the brand’s #1 selling SKU at Whole Foods and the brand’s Perfect Sliders, introduced last year...

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Jul 28 8:23 AM, General News


Taco Bell Unveils Latest Menu Round-up

After putting the finishing touches on its new streamlined menu to make room for new innovations, Taco Bell has unveiled its latest menu offerings that will be available nationwide or for testing in select markets.

Since Nacho Fries first launched in 2018, Taco Bell has reimagined the beloved menu item multiple times with innovations. This time, Nacho Fries will be joined by the new Loaded Taco Fries.

The latest fry innovation features...

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Jul 27 8:29 AM, General News


Top Notch Jerky Recalls Beef Jerky Products Due to Misbranding and Undeclared Allergens

Top Notch Jerky LLC., a Sugar City, Idaho establishment, is recalling approximately 107 pounds of ready-to-eat (RTE) beef jerky due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The product contains anchovies, a known allergen, which is not declared on the product label.

The RTE buffalo-style flank steak beef jerky items were produced July 12, 2021. The following products are subject to recall...

 

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Jul 26 9:29 AM, General News


OZO Expands Line of Plant-Based Proteins in Frozen and Fresh Aisle

Colorado-based Planterra Foods is expanding its portfolio of plant-based products in the fresh and frozen category by launching a variety of new items for families to have more options of convenient plant-based meals at home. Available now, consumers can add the OZO™ Frozen Nuggets (10.6 oz), plant-based Chicken Patties (4, 2.5 oz patties), and Italian Style Meatballs (12-1 oz meatballs) as well as fresh Smokehouse Burgers (2-4 oz patties) and plant-based Ground Turkey (12 oz) to their plant-based rotation of OZO™ meals.

These new OZO™ products offer a spin on plant-based proteins in the categories of chicken, turkey and beef, with bold flavors for delicious meat-free possibilities stored...

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Jul 21 10:36 AM, General News


Jul 21 8:18 AM, Urner Barry

VIDEO: Morning Market Roundup July 20

Urner Barry's reporters discuss the UK Beef Complex, Boxed Beef, and Vital Wheat Gluten.

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NCBA Notes Introduction of Misguided Agriculture Bill from Senator Booker

The National Cattlemen’s Beef Association (NCBA) noted the introduction of misguided legislation entitled the Farm System Reform Act by Senator Cory Booker (D-NJ) and Congressman Ro Khanna (D-CA). NCBA Vice President of Government Affairs Ethan Lane gave the following response.

“In the past week, Democrats in Washington have put forward two starkly different proposals for strengthening the future of American cattle farmers and ranchers. One of these paths, namely the recent announcement from Secretary Vilsack, offers...

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Jul 16 8:07 AM, General News


Ruby Tuesday Introduces Libby’s BBQ for Summer

Ruby Tuesday has announced the addition of Libby’s BBQ with a new feature menu this summer. Originally crafted in the Ruby Tuesday kitchen as a delivery-only concept, Libby’s BBQ offers smoky, tender, saucy BBQ entrees and is now available to order at all Ruby Tuesday locations for dine-in, Ruby TueGO and delivery for a limited time only.

Now through September, Ruby Tuesday guests can try Libby’s BBQ entrees starting at $9.99. The all-new Libby’s BBQ menu includes tender, smoked beef brisket and...

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Jul 15 9:45 AM, General News


Baja Fresh Adds Impossible Foods to Menus Nationwide

Baja Fresh Mexican Grill, the fast-casual Mexican food chain, is launching three new menu options featuring Impossible™ meat made from plants. The lineup of Impossible™ dishes will be available at participating stores nationwide.

The three Impossible™ varieties include:

  • Impossible™ Taco Combo – three tacos with...
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Jul 14 8:19 AM, General News


PODCAST: UK Beef Chats Episode 24

This week on UK Beef Chats, Market Report Mike Nesbitt discusses the rise of dead weight prices, shortage of cattle influencing the UK beef market, and plans to remove social distancing restrictions in the UK.

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Jul 13 2:13 PM, Urner Barry


REPORTER: As Plant-Based Demand Skyrockets, Innovators Think Beyond the Burger

This article was originally featured in the Summer 2021 Edition of Urner Barry's Reporter magazine.

There is no doubt that burgers and sandwiches are the most popular items ordered by consumers when dining out. In fact, according to the NPD Group, burgers were included in 13.5% of all restaurant orders in the year ending 2020, which translates into 7 billion servings of burgers. Chicken sandwiches were included in 6.7% of all restaurant orders in the U.S., which amounts to 3.5 billion servings. With that in mind, it comes as...

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Jul 13 8:23 AM, Urner Barry


NCBA Thanks President Biden, Secretary Vilsack for Taking Steps to Strengthen Beef Supply Chain

President Biden signed an Executive Order which initiates several federal rulemakings and commits $500 million to expanding processing capacity in the beef industry. The National Cattlemen's Beef Association (NCBA) thanked President Biden and U.S. Department of Agriculture (USDA) Secretary Vilsack for acting rapidly to address key concerns impacting cattle and beef producers.

NCBA welcomed the announcement of rulemakings to improve the accuracy of the "Product of the USA" beef label and implement...

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Jul 13 8:21 AM, General News


Jul 9 8:37 AM, Urner Barry

VIDEO: Morning Market Roundup July 8

Urner Barry's reporters discuss boneless beef 50s, tom turkey shortage, and chicken wings. 

Full Story »

Mycelium-based Meats Developer Meati Foods Secures New Funding 

Meati Foods, a Public Benefit Corporation leading the fast-paced emergence of a new category of clean, whole-cut alternative meats announced the closing of its $50 million Series B – a major source of momentum that will further expedite Meati's efforts to scale production capacity and launch their products at a national scale next year.

The significantly oversubscribed round was co-led by new investor BOND and long-time Meati investor Acre Venture Partners. They were joined by other existing investors, including...

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Jul 8 8:40 AM, General News


Broad-Based Growth Drives U.S. Beef and Pork Exports to New Heights

Fueled by impressive growth in a wide range of destinations, U.S. beef and pork export value shattered previous records in May, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports also reached a new volume high in May, while pork export volume was the third largest on record.

“The outstanding May performance is especially gratifying when you consider where red meat exports stood a year ago,” noted USMEF President and CEO Dan Halstrom. “The industry faced unprecedented, COVID-related obstacles at all levels of the supply chain, and...

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Jul 8 8:24 AM, General News


Awareness and Retention Rate for Plant-Based Protein on the Rise in China

According to China Plant-based Protein Topical Report from The NPD Group, plant-based proteins are gaining acceptance in China as Chinese consumers seek more protein in their diets, and plant-based foods become more available and appealing. Although plant-based protein currently has a small serving share compared to meat proteins in China, awareness has reached 90%; and the retention rate for plant-based proteins is on the rise, increasing from 53% in October 2020, to 68% in January 2021.

“There is no doubt that consumers in China view plant-based proteins as healthier alternatives to traditional meat protein,” said Gimantha Jayasinghe, Senior Vice President of APAC Foodservice at The NPD Group. “Though these products have a long way to go in terms of...

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Jul 8 8:23 AM, General News


ANALYSIS: Flap Meat Correcting Just as Swiftly as the Rise

During the record run in beef prices throughout 2021, gains were led by grilling items as peak demand for...

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Jul 7 8:23 AM, Urner Barry


Subway Debuts Largest Menu Update in Brand's History

Subway restaurants announced the biggest changes in the brand's history, making improvements to almost every core menu item and introducing important digital upgrades that elevate the guest experience. The Eat Fresh Refresh™ arrives in U.S. restaurants nationwide on July 13, and is marked with unprecedented moments, including participating Subway restaurants across the country closing for a Refresh Break and a one million sub sandwich giveaway to encourage people to come see and taste the changes.

Starting on July 13, the Eat Fresh Refresh comes to life in all U.S. Subway restaurants. The more than 20 menu updates include...

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Jul 7 8:21 AM, General News


PODCAST: UK Beef Chats Episode 23

This week on UK Beef Chats, market expert Mike Nesbitt updates us on supply chain pressure on the UK market and availability for product, retail and summer barbeque demand, sporting events supporting meat sales and more.

Full Story »
Jul 6 2:22 PM, Urner Barry


Grubhub Releases Third Annual State of the Plate Report

As we approach a new normal and restaurants reopen, there's a lot to look forward to for the rest of the year. Before looking ahead, let's rewind to see how diners ate their way through the last six months. Grubhub, part of leading global online food delivery marketplace Just Eat Takeaway.com, launched the third annual "State of the Plate" report. Looking at trends from hundreds of thousands average daily orders, Grubhub's mid-year report checks in on what has shaped 2021 thus far, including the top trending foods, popular restaurants across the country, and what we can expect to see more of in the second half of the year.

Unlike 2020, diners opted for the plant-based versions of delivery classics so far in 2021. And while last year's top food, the wildly popular...

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Jul 2 3:10 PM, General News


Market Trends to Watch Ahead of Independence Day

Urner Barry is the leading provider of protein market news and information in the food industry. Through daily canvasses of the trade and an unrivaled historical database, our analysts are uniquely positioned to report on the underlying conditions and significant disruptors to the market. In this Market Briefing, Urner Barry reporters outline the latest action in the commodity protein markets, highlighting seasonal factors, disruptors, and current supply and demand fundamentals.

Access the latest UB Market Briefing HERE.  

Full Story »
Jul 2 8:17 AM, Urner Barry


United States and Taiwan Hold Dialogue on Trade and Investment Priorities

The United States and Taiwan held the eleventh Trade and Investment Framework Agreement (TIFA) Council meeting yesterday under the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO). Assistant United States Trade Representative Terry McCartin and Jen-ni Yang, Deputy Trade Representative from Taiwan’s Office of Trade Negotiations, co-led the discussions, which were held virtually and focused on enhancing the longstanding trade and investment relationship between the United States and Taiwan. Other U.S. participants and contributors included AIT and the U.S. Departments of Agriculture, Commerce, Health and Human Services, Labor, State and Treasury.

The TIFA establishes TIFA Council meetings as the key mechanism for trade and investment dialogue between the U.S. and Taiwan authorities, and covers a broad range of issues...

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Jul 1 8:16 AM, General News


Jun 30 8:20 AM, Urner Barry

VIDEO: Morning Market Roundup June 29

Urner Barry's reporters discuss hog slaughter, boxed beef cutout, and plant proteins for the grill.

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Conagra Brands Launches Extensive Summer Line-up of New Product Innovation

Conagra Brands is kicking off summer with additions to the company's portfolio. From meals and sides to new plant-based offerings, Conagra's latest foods deliver great taste, convenience, and value.

A Fresh Look at Frozen

Conagra offers a collection of brands within single-serve frozen meals, with new dishes coming from Healthy Choice®, Banquet®, Marie Callender's ® and...

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Jun 30 8:17 AM, General News


Fourth of July Cookout Cost Stable Compared to Year Ago

U.S. consumers will pay just a few cents more for their favorite Independence Day cookout foods compared to last year, including cheeseburgers, pork chops, chicken breasts, homemade potato salad, pork & beans, strawberries, potato chips, fresh-squeezed lemonade and vanilla ice cream with chocolate chip cookies for dessert.

Farm Bureau analysis reveals the average cost of a summer cookout for 10 people remains affordable at $59.50, or less than $6 per person. The cost is up just 16 cents (less than 1%) from last year, but...

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Jun 30 8:16 AM, General News


DoorDash and Beyond Meat Introduce Limited Edition Summer Grilling Kits for On-Demand Delivery

DoorDash announced a partnership with Beyond Meat, a leader in plant-based meat, to offer limited-edition, July 4th grilling kits to help customers host the ultimate BBQ featuring the new Beyond Burger®. The kits are available exclusively on DoorDash for on-demand delivery from DashMart, a new type of convenience store owned, operated, and curated by DoorDash.

As many people prepare for a summer of grilling and gathering, the kit also provides a seamless way for consumers to get their grilling essentials without taking a last-minute trip to the grocery store. According to a national consumer survey that polled 1,000 U.S. adults...

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Jun 29 8:17 AM, General News


PODCAST: UK Beef Chats Episode 22

This week on UK Beef Chats market expert Mike Nesbitt discusses new highs across the UK beef complex, continued labor shortages, acute availability issues, how the Euros are impacting burger and steak items, summer BBQs, and more.

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Jun 28 1:55 PM, Urner Barry


US Foods Solves Operators’ Steak Challenges with Tender by Design Process

US Foods Holding Corp. announced the national launch of Tender by Design™, a revolutionary process by which frozen beef can now be just as high quality and tender as fresh. The proprietary Tender by Design™ process gives operators access to high-quality steaks year-round at a competitive price and allows for easier inventory and portion control to respond to the ebb and flow of restaurant traffic. Tender by Design™ is being introduced under the company’s well-known Stock Yards® brand. The launch includes 6-, 8- and 10-ounce half-faced center cut choice top sirloin steaks and an 8-ounce baseball cut choice top sirloin steak.

“Unpredictability is a major challenge in the beef industry, and this is especially true in today’s market. Variance in the quality of beef driven by the time of year and pricing fluctuations hurt the bottom line and create unwanted pressures as operators aim to deliver consistent, high-quality steak offerings that attract...

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Jun 28 10:03 AM, General News


Rancher and NCBA Member Testifies Before Senate Agriculture Committee on Cattle Market Concerns

Mr. Mark Gardiner, the owner-operator of Gardiner Angus Ranch and an NCBA member, testified before the U.S. Senate Agriculture Committee on key market challenges that have long threatened the profitability of cattle and beef producers. He was joined by leading industry economists who NCBA has worked closely with to explore solutions to the current unsustainable market dynamics.

The hearing titled, “Examining Markets, Transparency, and Prices from Cattle Producer to Consumer” addressed a wide range of issues, including the urgent need for robust price discovery and...

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Jun 25 8:23 AM, General News


Future Meat Technologies Launches Industrial Cultured Meat Production Facility
Future Meat Technologies, an industry-leading company developing innovative technology to produce cultured meat, has opened the world's first industrial cultured meat facility. With the capability to produce 500 kilograms of cultured products a day, equivalent to 5,000 hamburgers, this facility makes scalable cell-based meat production a reality.

"This facility opening marks a huge step in Future Meat Technologies' path to market, serving as a critical enabler to bring our products to shelves by 2022," says Rom Kshuk, CEO of Future Meat Technologies. "Having a running industrial line accelerates...

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Jun 24 8:27 AM, General News


Meat and Poultry Supply Chain Remains Resilient

In response to U.S. Secretary of Agriculture Tom Vilsack’s request for comments on efforts to improve supply chains for the production of agricultural commodities and food products, The North American Meat Institute (Meat Institute) said the meat and poultry food supply chain remains resilient despite extraordinary circumstances.

“The pandemic that began in 2020 and continues today may be the ultimate black swan event,” said Meat Institute Senior Vice President for Regulatory and Scientific Affairs Mark Dopp. “But its occurrence does not...

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Jun 24 8:27 AM, General News


Jun 23 2:40 PM, Urner Barry

VIDEO: Morning Market Roundup June 22

Urner Barry's reporters discuss demand for boneless beef and chicken breasts, plus pork record prices.

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NCBA-Won Funds Going Toward USDA Grants for Small, Independent Processors

The U.S. Department of Agriculture (USDA) announced the creation of two new, competitive grant funding opportunities for small, regional, and independent meat processors using funds the National Cattlemen's Beef Association (NCBA) worked to secure at the end of last year. After fighting hard for several key priorities for cattle producers in the Consolidated Appropriations Act of 2021, NCBA praised USDA for putting $55.2 million of those funds toward the critical need for greater beef processing capacity.

The competitive grant funding will be available through the new Meat and Poultry Inspection Readiness Grant (MPIRG) program. The funds will support small beef processing facilities making the improvements necessary to...

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Jun 23 8:27 AM, General News


Greenhouse Gas Emissions in Beef Supply Chains: Opportunities for Reductions and Leadership 

Beef supply chains account for about 6% of global greenhouse gas (GHG) emissions, of which about half are accounted for by the beef production stage of the supply chain. New and emerging technologies and management practices, covering feed production, cattle breeding, cattle feeding, and soil and pasture management, all offer significant opportunities to reduce emissions. Reduction of global beef supply chain emissions can be also achieved by transferring best practices from the most efficient beef supply chains to less efficient ones.

Food and agribusiness (F&A) company commitments to lower the supply chain GHG emissions of beef and other animal proteins are on the rise. Rabobank believes that in most regions these initiatives are likely to...

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Jun 23 8:25 AM, General News


PODCAST: Seeing Green: High Imported Beef Prices, Cyber Attacks, and More

This week on Market Digest, Host Laura Zinger and CEO Joe Muldowney talk high prices for imported beef, Australia emerging from their drought, China searching for product, cyber attacks, supply chain issues, return to live events, and much more.

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Jun 17 10:11 AM, Urner Barry


Jun 17 8:29 AM, Urner Barry

VIDEO: Morning Market Roundup June 15

Urner Barry's reporters discuss the markets for Father's Day with updates on beef, chicken, and eggs.

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NCBA Takes Action to Increase Producer Profitability Through USDA-Verified Labels

The the National Cattlemen’s Beef Association (NCBA) filed a petition with the U.S. Department of Agriculture’s Food Safety and Inspection Service (USDA-FSIS) to eliminate the use of “Product of the USA” (POTUSA) and other broad U.S. origin labeling claims for beef products that are potentially misleading to consumers.

NCBA believes that current “Product of the USA” labels are a disservice to American consumers and cattle producers alike. The claim implies that a beef product is entirely of U.S. origin. However, in reality, imported beef products are eligible to be labeled “Product of the USA” as long as the product has been...

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Jun 16 8:32 AM, General News




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