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This Week in Retail: Sizing Up August, Back to School Needs
With August now in full swing, households are eager to enjoy the final weeks of summer.
Labor Day weekend, which marks the unofficial end of the summer season, is four weeks away while the NFL season officially kicks off shortly after on September 8.
In some states, kids are returning to school in less than two weeks. Circulars are proactively promoting back-to-school staples including snacks along with breakfast and sandwich items—giving a boost to lunch meat sales...
Poultry Quarterly Q3 2022: Bullish Outlook With Strong Demand and Big Operational Challenges
The outlook for the global poultry industry for 2H 2022 is bullish, despite significant cost pressures and other operational challenges.
Demand is strong, with most countries open after adopting ‘living with Covid’ strategies. This is pushing up poultry demand, while global pressure on spending power and high food prices are also leading consumers toward the lowest-priced meat protein: poultry.
The biggest challenge for the industry is on the operational side. Feed and energy prices are higher than they have been in many years...
This Week in Retail: This Year's July Fourth Cookout Could be Costlier
Consumers might sweat when shopping for July Fourth festivities since this year's cookout could be costlier than in years past.
According to data from the Bureau of Labor Statistics, inflation remains elevated at a multi-decade high with the index for meats, poultry, fish, and eggs rising 14.2% over the last 12 months.
Despite higher retail prices and squeezed budgets, most households are forging ahead with their Independence Day plans. According to the National Retail Federation, 84% of consumers plan to celebrate the Fourth this year.
Of those, 59% of people plan to ring in Independence Day with a cookout...
VIDEO: Poultry Market Insights Webinar
With HPAI affecting flocks across the globe, the supply and demand of poultry has been a stress point for companies in the protein sector.
Our panelists include:
For those working in the poultry sector, don't miss this highly informative webinar.
This Week in Retail: A Look at Easter Features; CPI Data Released
This week in retail, the discussion is heavily centered on the economy, rising inflation with the latest CPI growth, and the bird flu outbreak in the U.S. Meanwhile, Easter week has arrived and grocers are looking to capture additional spending on the holiday.
USDA estimates that nearly 24 million poultry birds have died from high-path avian influenza since the virus strain was identified in February. The virus has since spread in wild birds to 32 states.
Another outbreak was confirmed Tuesday afternoon in a flock of roughly 2 million commercial layers in Nebraska, lifting the total number of commercial laying hens affected by HPAI to about 20 million head.
Urner Barry's Midwest large benchmark quotation is currently at $2.84/dozen, down from $3.01/dozen the week prior but a staggering 176% above a year ago. At retail, large eggs on feature for the holiday week are highlighted at nearly $3/dozen while X-large averages $2.86/dozen...
This Week in Retail: Bird Flu and The Easter Outlook
Easter promotions are in full motion and households are gathering staples including eggs, ham, and lamb for the upcoming holiday.
According to a survey by the National Retail Federation, consumers plan to spend an average of $169.79 this year on Easter-related items, with food accounting for the largest spending category. The collective spending on the holiday is forecast at $20.8 billion, down slightly from $21.6 billion last year.
With HPAI spreading throughout the country, consumers are beginning to see higher prices for shell eggs. Roughly 13 million layers have been impacted by the current outbreak—the country’s worst since 2014-2015—while over two million commercial turkeys have fallen prey to the virus...
UB Consulting: The Rise of HPAI Cases and the Possible Effect on Egg Prices
The egg market has experienced increased volatility in pricing with the reemergence of highly pathogenic avian influenza (HPAI). The virus was first redetected in December 2021 in Indiana with a turkey flock but has now spread to various layer farms across the United States. Although producers are taking precautions, market participants fear that the outbreak may rival the impacts of the HPAI outbreak in 2015 that led to a significant supply shock...
Cal-Maine Foods Reports Third Quarter Fiscal 2022 Results
Cal-Maine Foods, Inc. reported results for the third quarter of fiscal 2022 (thirteen weeks) and 39-week period ended February 26, 2022.
Net sales in the third quarter of fiscal 2022 increased 33.0 percent to $477.5 million compared to $359.1 million in the third quarter of fiscal 2021. The Company reported net income of $39.5 million, or $0.81 per basic and diluted common share, for the third quarter of fiscal 2022, compared to net income of $13.5 million, or $0.28 per basic...
Statement on HPAI in Jennie-O Turkey Store Supply Chain
Jennie-O Turkey Store announced today that Highly Pathogenic Avian Influenza (HPAI) has been confirmed in its supply chain. The issue currently involves one farm operation in Minnesota.
Migratory waterfowl have been the primary carriers of HPAI, ultimately exposing domestic poultry to the virus. While farms supplying turkeys to Jennie-O Turkey Store have not had any confirmed cases until now, many regions, producers and companies have been impacted since February. Cases have included numerous chicken and turkey commercial farms, as well as smaller backyard flocks...
This Week in Retail: Steak Features See Boost from Warmer Weather; Eyeing HPAI
Sunday marked the official start of spring. For retailers, that means grilling season is rapidly approaching, and with it—the opportunity for increased meat sales.
Steak features surged this week, accounting for 50.5 percent of total beef ads—up 16 percentage points from the week prior. Feature volume for roasts, meanwhile, has decreased, falling from 38.2 percent last week to 23.2 percent this week.
This week in retail, the steak complex averages $8.12 per pound, up 12.8 percent from a year ago. Boneless strip steaks are widely featured at grocery outlets across the nation and average $11.68 per pound, up 36 percent from a year ago. Top sirloin steaks are up 3.3 percent YoY at $5.64 per pound while bottom round steaks clock in at $5.54 per pound, up a whopping 68.4 percent from this week last year...
Urner Barry Releases August Pulse Protein Report
CME Grain Futures Decline After First Ship Carrying Ukrainian Grain Departs Odesa Port
Urner Barry Releases July Emerging Plant Protein Report
Global Pork Quarterly Q3 2022: ASF, Inflation, & Policies Challenge Growth While Trade Odds Rise
Grain Export Deal in Question Following Russian Missile Strike on Odesa Port