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American Egg Board Names Mike Koenigs Chief of Operations and Outreach

As part of its new Strategic Vision & Five-Year Plan, the American Egg Board (AEB) announced it has named Mike Koenigs to the newly created position of chief outreach and operations officer, effective immediately.

Reporting directly to AEB President & CEO Emily Metz, Koenigs will oversee and be responsible for driving new efficiencies in the AEB’s finance and human resources functions, while unifying organizational engagement and outreach to egg producers, the food chain, allied industry, government and...

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Jan 15 3:32 PM, General News



Tyson Introduces New Instant Pot Kit Options

"What's for dinner?" has taken on an entirely new meaning over the last year with more people cooking at home. New flavors of Tyson Instant Pot Kits, Tyson Instant Pot Seasoned Proteins and Tyson Oven Ready Family Size Kits are just what families need to ease the burden and cooking fatigue—protein-packed meals offering that made from scratch taste without the effort.

Cooking and preparing meals from home has increased 67-percent since COVID-19 began. After months of home-cooked meals, families are turning to prepared foods and easy prep meals as a way to...

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Jan 15 2:40 PM, General News


JUST Egg Product to Be Served at Leading Fast-Food Chain in China

Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is announcing that Dicos, one of China's leading fast-food chains, has added Eat Beyond portfolio company Eat Just Inc.'s product JUST Egg to its menu at over 500 locations.

Dicos is one of the largest foodservice companies in China, with 2,600 stores across 32 provinces and autonomous regions serving 600 million consumers annually.

Dicos' conventional egg patty will be replaced with...

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Jan 14 9:36 AM, General News


ANALYSIS: Shell Egg Prices Rise Amid Strong Retail Demand, Seasonal Flock Rotations

After holding steady for more than two weeks, shell egg prices got a push to the upside today amid strong retail demand and...

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Jan 14 8:24 AM, Urner Barry


International Dairy Queen On Track to Meet Cage-Free Egg Commitment in 2025

International Dairy Queen Corporation (IDQ) announced it is on track to meet its cage-free egg commitment in the U.S. and Canada for shell eggs, liquid eggs and DQ® proprietary products by 2025.

“In 2016, we made a commitment to animal welfare when we announced our transition to cagefree eggs in the U.S. and Canada by 2025,” said Steve Min, Executive Vice President of Research and Development at International Dairy Queen. “As we continue to make progress toward our goal, we reduced...

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Jan 13 10:56 AM, General News


Cal-Maine Foods Reports Second Quarter Fiscal 2021 Results

Cal-Maine Foods, Inc. reported results for the second quarter of fiscal 2021 (thirteen weeks) and twenty-six-week period ended November 28, 2020.

Net sales for the second quarter of fiscal 2021 were $347.3 million, an 11.5 percent increase compared to $311.5 million for the second quarter of fiscal 2020. The Company reported net income of $12.2 million, or $0.25 per basic and diluted share, for the second quarter of fiscal 2021, compared to a net loss of $10.1 million, or...

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Jan 6 8:54 AM, General News


Dunkin' Introduces New Plant-Based Breakfast Sandwich 

As the trend of Americans adding plant-based options to their diet blossoms, Dunkin' continues to give on-the-go consumers more ways to easily make plant-based food and beverages part of their day. Following the success of last year's Beyond Sausage® Breakfast Sandwich launch, the brand is beginning 2021 by adding another plant-based protein patty to its menu, teaming up with America's #1 veggie brand, MorningStar Farms®, to launch the new Southwest Veggie Power Breakfast Sandwich, a meatless sandwich that doesn't sacrifice on taste, now available for a limited time at participating Dunkin' restaurants nationwide.

The Southwest Veggie Power Breakfast Sandwich features a MorningStar Farms Black Bean Patty packed with southwest flavors, layered with...

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Jan 5 8:27 AM, General News


REPORTER: Egg Product Markets Rally to Second Half Highs

Though retail demand for shell eggs has run significantly above average since the peak pandemic period, foodservice demand has struggled to return to normal volumes. As much as 22% of all U.S. production is destined for this channel, around 7% being shell eggs and the rest going into the sector in the form of egg products.

Processors have been forced to reduce outputs over the last eight months, evident in the USDA’s Eggs Processed Under Federal Inspection report, which showed total cases broken running at about 1.1 million a week from...

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Dec 31 8:17 AM, Urner Barry


FDA Warns Whole Foods Market After Repeated Food Recalls for Undeclared Allergens

Today the U.S. Food and Drug Administration (FDA) posted a warning letter issued to Whole Foods Market for a pattern of receiving and offering for sale misbranded food products necessitating a series of food recalls for allergens. In the last year, Whole Foods Market has recalled more than 30 food products because the presence of major food allergens was not listed on the finished product labels. The FDA noticed similar patterns of numerous recalls by Whole Foods Market for undeclared allergens in previous years as well. These products included...

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Dec 22 11:09 AM, General News


Understanding Price Risk Management: an Interview with Stable

Urner Barry sat down with Richard Counsell to understand more about Stable’s business and the help they are providing the industry with their risk management tools. Growing up with a farming background in the southern UK, Richard spent his early career managing both commodity and technology focused businesses in London, Chicago and Melbourne. As the CEO of Stable, Richard currently divides his time between London, Minneapolis and Bermuda, expanding Stable's global platform to match complex commodity risks with simple financial solutions.


1. For the readers who have not yet heard of Stable, can you give a quick summary of your business?

Stable offers customizable price risk management tools across untraded, non-futures based agricultural markets. Our aim is to...

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Dec 18 9:05 AM, Urner Barry


NAMI’s Challenge of California’s Prop 12 Receives Key Support

The North American Meat Institute’s (Meat Institute) lawsuit challenging the constitutionality of California’s Proposition 12 (Prop 12) received key support from the federal government and 20 states with the filing of two amicus briefs.

The U.S. Department of Justice filed an amicus brief in support of the Meat Institute’s petition for rehearing en banc in the U.S. Court of Appeals for the Ninth Circuit.

In addition, the States of...

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Dec 18 7:14 AM, General News


Cal-Maine Foods Announces $40.1 Million Capital Project to Expand Cage-Free Production in Kentucky

Cal-Maine Foods announced that its Board of Directors has approved a $40.1 million capital project to expand the Company’s cage-free egg production at its Guthrie, Kentucky, production facility. The project will include related site work and the additional infrastructure to convert existing conventional capacity to house approximately 1.5 million cage-free hens and 300,000 pullets.

Construction will commence immediately with initial conversions expected in early 2021, first pullet placements by summer 2021 and the first layer house finished by fall 2021. Project completion is expected by...

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Dec 16 8:21 AM, General News


Plant-Based Dairy and Egg Product Sales Reach $4 Billion in 2020

Market research firm Packaged Facts projects retail sales of plant-based dairy and egg products will rise at an average annual rate of 6.0%, reaching $5.2 billion by 2024. This is up from $4.3 billion in estimated sales in 2020, which itself is up from $3.9 billion in sales during 2019.

These findings were published in the brand new Packaged Facts report Dairy & Egg Alternatives: Outlook for Plant-Based & Cell-Cultured Consumer Products.

Despite potential industry disruptors such as the lingering economic impact of...

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Dec 16 8:15 AM, General News


Barchart and Urner Barry Partner on Distribution for Benchmark Protein Prices

Barchart, a leading provider of market data and technology services to the financial, media and commodity industries; and Urner Barry, the leading publisher of market news and prices for the food industry, jointly announce a data and price distribution partnership for the global food and beverage market.

Under the terms of the agreement, Urner Barry will join Barchart’s cmdty Pricing Network (CPN), where their benchmark poultry, egg, meat, and seafood prices will be made available to...

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Dec 14 8:26 AM, UB Newswires


Protein Market Buying Opportunities 

As COVID-19 continues to impact consumer habits across the globe, many protein markets are experiencing unusual or contra-seasonal trends through the holiday season. Highlighted are just a few items that might be catching the eye of wholesale and distribution buyers in early December...

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Dec 8 8:17 AM, Urner Barry


U.S. Poultry Industry Provides 2.1 Million Jobs; Economic Impact Up 15 Percent in Two Years

The U.S. Poultry & Egg Association (USPOULTRY), National Chicken Council, National Turkey Federation and United Egg Producers have released an updated economic impact study that highlights the positive impact the poultry industry has on jobs, wages, and federal and state revenue in the United States.

A dynamic and integral part of the national economy, the U.S. poultry industry provides 2,139,617 jobs, $121.1 billion in wages, $576.6 billion in economic activity and...

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Dec 7 8:11 AM, General News


ANALYSIS: Shell Egg Prices Drop Amid Lackluster Thanksgiving Demand, Slowing Foodservice

After holding steady for nearly a month, shell egg prices have come under pressure this week amid lackluster Thanksgiving demand and...

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Nov 30 8:17 AM, Urner Barry


Zero Egg Raises $5 Million in Series A Funding

Following its U.S. launch, Zero Egg, a plant-based egg alternative for foodservice and food manufacturers, announced that it has raised $5 million in Series A funding led by Powerplant Ventures, and joined by existing investors Unovis Asset Management-New Crop Capital and Strauss Group-The Kitchen Hub.

The company will use this funding to grow the brand in the U.S. and support its ambitious new product launches in the coming year. With 100 billion eggs consumed each year in the U.S. alone, Zero Egg is focusing on providing affordable, versatile and tasty plant-based egg products.

"By filling the white space in the foodservice industry for plant-based egg alternatives, Zero Egg aims to make plant-based foods the norm and...

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Nov 12 8:25 AM, General News


ANALYSIS: Shell Egg Values Hold, Even as Inventories Remain Perched at Near-Record Levels

While it’s quite common – if not expected – to see shell-egg supplies increase in early-November as producers gear up for...

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Nov 11 8:08 AM, Urner Barry


Denny's Adds Melts and Bowls To the Menu

Nothing says fall quite like comfort food and Denny's is delivering with an all new Melts lineup and a new Bowls menu. Available nationwide, Denny's will now feature a selection of warm and cheesy grilled sandwiches served with wavy-cut fries, and two hearty dishes combining flavors and textures for a complete meal in a bowl.

New menu items include...

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Nov 6 8:33 AM, General News


ANALYSIS: Egg Product Market Comes to Life

Though retail demand for shell eggs has run significantly above norms since the peak pandemic period, foodservice demand has struggled to...

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Nov 5 8:36 AM, Urner Barry


ANALYSIS: U.S. Shell Egg Production Climbs as Suppliers Prepare for Seasonal Demand Increases

The USDA’s monthly Chicken and Eggs Report released this afternoon shows the number of hens laying table-type eggs in the U.S. rose...

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Oct 27 8:28 AM, Urner Barry


Urner Barry's Market Briefing Brings You the Latest in Protein Pricing Insight

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....

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Oct 26 8:19 AM, Urner Barry


Eat Just and Proterra Asia Partner on JUST Egg Protein Facility and Expansion

Eat Just, Inc. announced a partnership with a consortium led by Proterra Investment Partners Asia Pte. Ltd. (Proterra Asia), an investment management firm focused on the food and agribusiness sectors, to meet demand for the plant-based JUST Egg in Asia.

The consortium will invest up to $100 million and Eat Just will invest up to $20 million to build and operate their first-in-Asia, and largest, plant protein production facility in Singapore. The resulting Eat Just subsidiary, to be known as Eat Just Asia, will serve JUST Egg manufacturing and distribution partners across Asia.

The partnership combines Eat Just’s proprietary protein separation technology, leadership and innovative business model with...

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Oct 21 8:16 AM, General News


Zero Egg Cracks U.S. Plant-Based Foodservice Market 

As demand for alternatives to animal products is at an all-time high among omnivores, vegetarians, and vegans alike, Zero Egg, is cracking the U.S. market by boldly taking over the decades-old traditional World Egg Day on October 9 to introduce the a plant-based egg replacement that tastes, looks, and functions like an ordinary egg, but is entirely made with plants.

Now available to all U.S. foodservice operators and food manufacturers, Zero Egg offers two products, "EGG Basics," crafted to rival ordinary eggs in traditional egg entrees and breakfast dishes, and "BAKE Basics," developed for specialty baking. Both products come in powder form with high yields that offer...

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Oct 9 8:22 AM, General News


Del Taco Introduces New Menu Items Featuring Cholula Hot Sauce 

Del Taco is introducing a slate of new menu items featuring Cholula Hot Sauce. Taking the main stage is the $1 Crispy Chicken Cholula Taco and the $5 Epic Cholula Crispy Chicken Burrito, which builds on Del Taco’s successful crispy chicken items launched earlier this year.

“We’ve received an incredible response and strong customer demand for our Crispy Chicken since introducing it to our permanent menu this summer. We want to build on that momentum by giving our fans even more crave-worthy flavor options, and what better way to do so than with an iconic hot sauce brand collaboration,” said Tim Hackbardt, Del Taco’s Chief Marketing Officer. “Cholula and tacos are made for each other, but it is amazing poured on just about everything else and that’s why we have it in a burrito, on loaded fries, and in

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Oct 8 8:22 AM, General News


Smithfield Foods Launches New Power Bites

The Smithfield brand announced that all new Power Bites are here. Power Bites are a breakfast bite of real sausage, egg, and cheese you can eat anywhere. Offered in portable packaging, Power Bites make meal-time awesome for meat lovers. They pack all your favorite ingredients into one bite to provide a boost of flavor and protein. The brand-new line hitting shelves this fall is available in three flavors: Homestyle, Western Style and Meat Lovers.

Smithfield Power Bites require almost zero prep to accommodate active and busy lifestyles; simply heat for 45 seconds in the microwave and eat right out of the container – no fork required. All varieties are fully cooked and made with...

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Oct 2 8:21 AM, General News


USDA Updates the National Poultry Improvement Plan

The United States Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) is updating the National Poultry Improvement Plan (NPIP) to align with changes in the poultry industry and to incorporate new scientific information and technologies into the NPIP. These updates are consistent with the recommendations approved by representatives from across the poultry industry at the 2018 NPIP Biennial Conference.

In this update, APHIS is...

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Oct 2 8:21 AM, General News


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


Cal-Maine Foods Reports First Quarter Fiscal 2021 Results

Cal-Maine Foods, Inc. reported results for the first quarter of fiscal 2021 (13 weeks) ended August 29, 2020.

Net sales for the first quarter of fiscal 2021 were $292.8 million, a 21.4 percent increase compared to $241.2 million for the first quarter of fiscal 2020. The Company reported a net loss of $19.4 million, or $0.40 per basic and diluted share, for the first quarter of fiscal 2021, compared to a net loss of $45.8 million, or $0.94 per basic and diluted share, for the first quarter of fiscal 2020.

Dolph Baker, chairman and chief executive officer of Cal-Maine Foods, Inc., stated, “Our results for the first quarter of fiscal 2021 reflect continued challenging market conditions as we proactively monitor and...

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Sep 28 9:33 AM, General News


Eat Just Announces Retail Expansion for JUST Egg Product

Eat Just Inc. announced the largest expansion yet for its award-winning plant-based egg. By the end of the month, JUST Egg will be available at more than 17,000 points of retail distribution in the United States, a 40% increase and a testament to the breakout success of the pioneering product that launched nationwide last year.

Walmart will add the original 12-ounce pourable JUST Egg – perfect for scrambles, omelets, quiches, stir-fries and a variety of baking applications – to more than 1,900 stores coast-to-coast after it became a strong seller at hundreds of regional locations. About 900 Food Lion stores in the Mid-Atlantic and Southeastern U.S. and 170 Giant stores in Delaware, Maryland, Pennsylvania, Virginia and...

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Sep 3 8:19 AM, General News


New Study Finds Many Americans Going Plant-Based for Breakfast 

Over half of Americans are eating fewer animal products since the COVID-19 pandemic began and nearly six in 10 find themselves transitioning to a more flexitarian, or semi-vegetarian diet, citing health as their top reason for making the change, according to a new survey conducted by market research firm OnePoll. The poll of 2,000 adults was commissioned by Eat Just, Inc., a company that applies cutting-edge science and technology to create sustainable foods, ahead of Better Breakfast Month, observed annually in September.

Nearly 60% of respondents in the national general population survey said they “strongly agree” or “somewhat agree” when asked whether their eating habits were increasingly shifting to plant-based, with 39% of participants 18-25 years old and 23% of participants 26-41 years old stating that...

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Sep 1 9:53 AM, General News


Jimmy Dean to Launch New Breakfast Products this Fall 

Jimmy Dean, is bringing two new products to tables, counter tops and desks to enjoy this fall. Jimmy Dean Casserole Bites and Jimmy Dean Delights Breakfast Wraps will join the brand’s product portfolio, delivering new warm and satisfying breakfast options, no matter the morning routine.

“Breakfast plays a comforting role in people’s lives and daily routines, especially as many of us continue to navigate...

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Aug 26 8:18 AM, General News


Cal-Maine Foods Lawsuit Dismissed in State of Texas

Cal-Maine Foods, Inc. issued the following statement regarding dismissal of the State of Texas lawsuit alleging that the Company engaged in price-gouging during the COVID-19 pandemic.

"The Company’s motion to dismiss was granted on August 13, 2020, in the District Court of Harris County, Texas, and therefore the original petition has been dismissed with prejudice. We are grateful the Court dismissed with prejudice all claims brought by...

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Aug 18 10:10 AM, General News


PODCAST: Urner Barry's Executive Conference and Global Protein Summit

Urner Barry's Executive Conference and Global Protein Summit is a can't miss, online event, combining two of the most important shows in the protein industry. In the lastest UB Market Digest Podcast, Laura Zinger and Brian Moscogiuri discuss why this event is going to be so valuable and what to expect....

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Jul 28 10:25 AM, Urner Barry


Ovostar Reports Operational Results for the First Half of 2020 

Ovostar Union Public Company Limited, a vertically integrated holding company, one of the leading egg and egg products producer in Ukraine, announced its operational results for the six months ended 30 June 2020.

As of 30 June 2020 the Company’s total flock equaled 8.24 mln hens, including 6.91 laying hens (30 June 2019: 7.56 and 6.51 mln hens respectively).

The volume of eggs produced in H1 2020 was 793 mln demonstarting 1% increase YoY (H1 2019: 782 mln). In the reporting period the sales volume in the egg segment totaled...

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Jul 28 8:43 AM, General News


Eggland's Best Joins Forces with American Heart Association to Inspire Healthy at Home Cooking

Eggland's Best and the American Heart Association are teaming up with television personality and cookbook author, Richard Blais to share delicious, healthy recipes. In celebration of the American Heart Association's healthy cooking at home resources, EB and the American Heart Association are encouraging families to tune in to a virtual cooking series by visiting the American Heart Association - Healthy for Good Facebook page on July 24 and July 31 at 12PM EST.

"With people spending more time at home this summer, there's a great opportunity to build healthier eating habits by cooking nutritious meals together," said American Heart Association Chief Medical Officer for Prevention, Eduardo Sanchez, M.D., M.P.H., FAAFP. "We're excited to work with Eggland's Best once again to...

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Jul 23 8:21 AM, General News


Cal-Maine Foods Reports Fourth Quarter and Fiscal 2020 Results

Cal-Maine Foods, Inc. reported results for the fourth quarter (13 weeks) and fiscal year ended May 30, 2020.

Net sales for the fourth quarter of fiscal 2020 were $453.3 million, a 61.6 percent increase compared to $280.6 million for the fourth quarter of fiscal 2019. The Company reported net income of $60.5 million, or $1.25 per basic share and $1.24 per diluted share, for the fourth quarter of fiscal 2020, compared to net loss of $19.8 million, or $(0.41) per basic and diluted share, for the fourth quarter of fiscal 2019.

For the fiscal year 2020, net sales were $1,351.6 million compared to $1,361.2 million for the prior year. The Company reported net income of $18.4 million, or $0.38 per basic and diluted share, for fiscal 2020, compared to...

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Jul 20 8:17 AM, General News


JUST Egg to Debut at Select Retailers in Canada this Fall

Eat Just, Inc., announced that its award-winning plant-based egg will be coming to Whole Foods Market and select Walmart stores in Canada this fall. Canada is one of the most requested markets for the product, which has been a breakout success in retail and foodservice channels in the United States since its nationwide launch last year.

The newly released fluffy, folded format, will be marketed as JUST Plant Egg in Canada. It will be sold as a box of four in the frozen aisle at Whole Foods Market in Toronto, Vancouver, Victoria and Ottawa, and at more than 100 Walmart stores coast-to-coast. Additional on-shelf details will be announced at a later date.

In the U.S., sales of the toaster-ready product have surged since April, and it is now the #1 frozen breakfast entrée by velocity in the Natural Channel, according to...

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Jul 17 8:20 AM, General News


American Egg Board: U.S. Dietary Guidelines Advisory Committee Recommends Eggs as a First Food

“Today is an important day for the American diet and for eggs. In an historic first, the Dietary Guidelines for Americans Advisory Committee today issued recommendations for birth to 24 months old and specifically recommended eggs as an important first food for infants and toddlers, as well as for pregnant and lactating women.

Today’s Scientific Report also highlighted the importance of a nutrient plentiful in eggs – choline – while recommending eggs as a first food for babies to reduce risk for an egg allergy. The Advisory Committee additionally encouraged eggs for pre-teens and adolescents.

Eggs are one of the best sources of choline, an essential nutrient critical for fetal brain development. The Advisory Committee classified choline as an important nutrient that is...

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Jul 17 8:20 AM, General News


PODCAST: Market Update on Eggs with Brian Moscogiuri

This week, Laura sat down with Brian Moscogiuri to cover price fluctuations since record highs in March, rebounding COVID-19 cases impact on demand, cage-free production and trends, and the European egg market reaction to the pandemic...

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Jul 14 10:45 AM, Urner Barry


Vital Farms Announces Filing of Registration Statement for Proposed Initial Public Offering

Vital Farms, Inc., a Certified B Corporation that offers a range of ethically produced pasture-raised foods nationwide, announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. Vital Farms has applied to list its common stock on The Nasdaq Stock Market under the ticker symbol "VITL."

The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to...

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Jul 14 8:22 AM, General News


Colorado Passes Cage-Free Egg Law

Colorado egg producers were just given a deadline by the state legislature to convert all hen housing to cage-free by 2025. The bill, HB20-1343, passed in the state legislature last month and was signed into law by Governor Jared Polis. The bill was sponsored by Representative Dylan Roberts, and Senator Kerry Donovan. Colorado is joining states like California, Oregon, Rhode Island, Washington, and Michigan, which have all passed cage-free egg laws.

Cage-free egg legislation has forced farmers to create new housing facilities including scratching areas, perches, nest boxes, and dust-bathing areas. These cage-free housing systems also incorporate adequate lighting and ventilation. Meanwhile, the majority of consumers show a preference for the cheapest egg available, which is typically...

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Jul 7 8:20 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


Outlook on the Global Egg Protein Industry to 2027

According to ResearchAndMarkets, the global protein egg market accounted for $28.41 billion in 2019 and is expected to reach $48.09 billion by 2027, growing at a CAGR of 6.8% during the forecast period.

Consumer awareness about a healthy diet and increase in demand for proteins as nutritional and functional ingredients are the major factors propelling market growth. However, the surge in demand for plant-based proteins is hampering the growth of the market.

Based on the type, the egg white powder segment is going to have lucrative growth during the forecast period owing to the increasing consumer attention as they contribute to...

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Jun 26 8:13 AM, General News


Denny's Reintroduces Popular Value Menu

Denny's is re-introducing its famed $2 $4 $6 $8 Value Menu in celebration of its 10th anniversary, offering guests breakfast and dinner favorites alongside new and exciting items, all at a great price. The limited-time value menu will be available for dine-in, takeout or delivery via Dennys.com, while supplies last at participating locations. Denny's is also offering free delivery through Denny's on Demand from now until June 22, 2020.

Denny's $2 $4 $6 $8 Value Menu features options for breakfast, lunch and dinner, including...

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Jun 17 8:21 AM, General News


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


Conagra Brands Recalls Frozen Not-Ready-To-Eat Chicken and Turkey Bowl Products

Conagra Brands, Inc., Russellville, Ark. and Marshall, Mo. establishments, are recalling approximately 276,872 pounds of not ready-to-eat chicken and turkey bowl products because the products may contain extraneous material, specifically small rocks, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The scope of this recall has been expanded to include Healthy Choice Power Bowls Chicken Feta & Farro Bowls, Healthy Choice Power Bowls Unwrapped Burrito Scramble Power Bowls, and Healthy Choice Power Bowls Turkey Sausage & Egg Scramble Power Bowls produced on various dates. The products were produced at two different establishments.

The following additional products are subject to recall...

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May 26 9:23 AM, General News


Nestlé Introduces New Life Cuisine 

Nestlé is introducing Life Cuisine, an exciting new brand delivering delicious and satisfying meal solutions to match the approach to eating well. From gluten-free to high-protein, Life Cuisine is made with flavorful ingredients that help power your day.

Over the years, the definition of wellness has evolved from calorie-conscious eating to a more holistic approach that extends well beyond just what's on your plate. Once-niche dietary trends like gluten free and meatless meals have also...

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May 20 8:12 AM, General News


JUST Announces Partnership with Post Holdings’ Michael Foods

JUST and Michael Foods, a subsidiary of Post Holdings and one of the largest processors of value-added eggs in the world, announced a groundbreaking new partnership to bring the top-selling, plant-based JUST Egg to millions more consumers in the United States.

Under the arrangement, Michael Foods will be the exclusive manufacturer, supplier and distributor of JUST Egg to foodservice and food ingredient customers who are already familiar with their industry-leading egg brands such as Papetti’s, Abbotsford Farms and Davidson’s Safest Choice and are in search of a unique, plant-based egg product.

For over 100 years, the Michael Foods family of businesses have leveraged quality ingredients and cutting-edge processes to offer the finest products and solutions to their customers. This partnership adds...

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May 19 8:08 AM, General News


JUST and Emsland Group Partner to Scale Plant-Based JUST Egg

JUST announced a partnership to expand its protein processing capacity with Emsland Group, a worldwide leader in manufacturing raw materials from vegetables. This partnership will provide the scale needed to meet increasing global demand for the plant-based product marketed as JUST Egg in the United States.

Headquartered in Emlichheim, Germany, Emsland Group has manufactured innovative pea and potato products that are essential elements in a wide range of food applications since 1928. Partnering with JUST to process mung bean protein, the key ingredient in JUST Egg, is a first for the venerable farmer cooperative and will help...

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May 18 8:16 AM, General News


American Egg Board Names Emily Metz President and Chief Executive Officer

The American Egg Board (AEB) announced that, effective in June, Emily Metz will assume the role of President and Chief Executive Officer, leading a strong staff and collaborating with the American egg industry to build demand for U.S. eggs and egg products both domestically and abroad. An agriculture industry veteran and passionate strategist, Metz fills the role vacated by previous CEO Anne Alonzo last month.

“Our industry has not seen this much change and uncertainty in decades, and our producers need a visionary leader to help the industry adapt to a changing marketplace,” said Steve George, Chairman of the American Egg Board. “We thank Anne for continually advancing our industry during her tenure with us, and we look forward to Emily using...

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May 14 9:30 AM, General News


PODCAST: Scrambling for Eggs? Volatility In the Egg Market

This week Laura returns to the show to discuss the volatility in the egg market due to Covid-19 with Brian Moscogiuri. They cover supply issues, retail demand, typical seasonal factors, and more... 

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May 12 10:03 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: 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: 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


FDA Provides Temporary Flexibility Regarding the Egg Safety Rule

As a result of the COVID-19 pandemic, the U.S. Food and Drug Administration today released a guidance document, Temporary Policy Regarding Enforcement of 21 CFR Part 118 (the Egg Safety Rule) During the COVID-19 Public Health Emergency to provide producers of shell eggs that normally would be sent to facilities for further processing the flexibility to sell their eggs for distribution to retail locations, such as supermarkets, when certain conditions are present. This flexibility will help egg producers meet increased demand for shell eggs by consumers at retail locations.

The FDA rule, Prevention of Salmonella Enteritidis in Shell Eggs During Production, Storage, and Transportation, requires producers of shell eggs that are sold to...

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Apr 8 8:19 AM, General News


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


FDA Issues Temporary Policy Regarding Packaging and Labeling of Shell Eggs

The Food and Drug Administration (FDA) plays a critical role in protecting the United States from threats including emerging infectious diseases, including the Coronavirus Disease 2019 (COVID-19) pandemic. FDA is committed to providing timely guidance to support continuity and response efforts to this pandemic.

FDA is issuing this guidance to provide temporary flexibility regarding certain packaging and labeling requirements for shell eggs sold in retail food establishments so that industry can meet the increased demand for shell eggs during the COVID-19 pandemic...

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Apr 6 8:15 AM, General News


Cal-Maine Foods Reports Third Quarter Fiscal 2020 Results

Cal-Maine Foods, Inc. reported results for the third quarter ended February 29, 2020.

Net sales for the third quarter of fiscal 2020 were $345.6 million, a 10.0 percent decrease, compared to $384.0 million for the third quarter of fiscal 2019. The Company reported net income of $13.7 million, or $0.28 per basic and diluted share, for the third quarter of fiscal 2020, compared to net income of $39.8 million, or $0.82 per basic and diluted share, for the third quarter of fiscal 2019.

For the thirty-nine weeks ended February 29, 2020, net sales were $898.3 million compared to $1,080.6 million for the prior-year period. The Company reported net loss of $42.1 million, or...

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Mar 30 8:46 AM, General News


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


Protein Alternatives Market Outlook to 2025; Dominated by Cargill

According to ResearchAndMarkets, the global protein alternatives market is projected to grow with a CAGR of 7.4% during the forecast period (2020-2025).

The market studied has witnessed a significant growth due to the increasing intolerance toward animal protein, thereby leading to the shift in preference of the meat-consuming population toward meat substitutes made of vegan protein, therefore, driving the market studied.

Consumers in developing regions, like Asia-Pacific and Africa, have started to incorporate more protein in their daily diets. Many companies operating in the market place have started to initiate...

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Mar 25 9:55 AM, General News


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


JUST Expands Partnerships Globally, Raises Capital & Adds Former Coca-Cola Executive

JUST announced a host of partnerships to manufacture and distribute its JUST Egg across North America, Latin America, Europe, and East Asia. This global infrastructure, which includes millions of additional points of potential distribution and access to production facilities on multiple continents, will provide the scale needed to meet the increasing worldwide demand for the product.

Included in this partnership announcement are South Korea’s food company, SPC Samlip; one of Southeast Asia’s largest food companies, Betagro Group; bakery company, Grupo Bimbo; one of Latin America’s largest edible oil and fat producers, Alianza Team; and local delivery platform, Delivery Hero. This infrastructure builds on a previously announced manufacturing and distribution partnership with...

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Mar 19 8:23 AM, General News




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