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Urner Barry Releases October Soy & Wheat Report
In the latest WASDE report, the USDA stated that the outlook for 2021/22 U.S. wheat this October is reduced supplies, lower domestic use, unchanged exports, and decreased ending stocks. Projected 2021/22 ending stocks were reduced by 35 million bushels to 580 million, which are the lowest U.S. ending stocks since 2007/08. The projected 2021/22 season-average farm price was raised $0.10/bu to $6.70/bu on reported NASS prices to date and price expectations for the remainder of 2021/22.
Soybean supplies for 2021/22 were projected at 4.7 billion bushels, up 145 million on higher production and beginning stocks. With higher crush and unchanged exports, 2021/22 ending stocks were projected...
REPORTER: Transportation Faces an Ongoing Struggle with No End in Sight
This article was originally featured in the Fall 2021 Edition of Urner Barry's Reporter magazine.
Players have had their fair share of obstacles and sleepless nights when it comes to anything transportation-related this year.
In the early days of the pandemic, all of the attention was on the plants themselves and the struggles happening within their walls—and rightly so. But as time has gone on and adjustments were made, the bigger problem that many were facing came after the plants were done and the product needed...
PODCAST:Executive Conference 2021: The Return To In-Person Events, Networking, And Market Analytics
This week on Market Digest our host Laura Zinger discusses the return to live events with our very own Nidha Jasrai and CEO Joe Muldowney. Topics include the "back to school" type feeling of going to an in-person event, the chance to golf with all-star athlete Bo Jackson after his keynote speaking session, and the overall superiority of networking in person.
Follow this link to register for the Executive Conference!https://www.urnerbarry.com/executive/
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...
U.S. Poultry and Egg Exports Surged in First Half, on Pace for Record Year
The Covid-19 pandemic, an uncertain economy, and logistics problems like port closings and shipping bottlenecks haven’t slowed the tremendous demand for U.S. poultry and eggs around the world.
Exports of U.S. broiler chicken and shell eggs set records in the first half of 2021 and are on pace to break all-time marks for the year, according to the USA Poultry & Egg Export Council (USAPEEC), citing government trade data.
Total broiler export volume reached an all-time high for the January through June period, with Mexico, China, Cuba, and Philippines leading the way. Cuba, and Philippines set records for both...
Retail Cargo Expected to Set Record in August as Merchants Move from Back-to-School to Holiday Prep
Imports at the nation’s largest retail container ports should hit yet another record in August as consumer demand continues to stretch supply chains and retailers shift from the back-to-school season to the peak shipping season for winter holiday merchandise, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
“Back-to-school supplies have been hit by the same supply chain disruptions and port congestion that have affected"...
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.
REPORTER: Protein Markets Continue to Battle Container Shortages, Logistical Hiccups
This article was originally featured in the Summer 2021 Edition of Urner Barry's Reporter magazine.
"It's really bad. There is no other way to characterize it."
CNBC editor and author Lori Ann LaRocco provided a bleak but accurate representation of the shipping container issues impacting businesses over the past year in her latest interview on Urner Barry’s Market Digest Podcast.
The shortage of shipping containers has been well-documented during the pandemic, and weather incidents and the massive Suez Canal jam...
Retail Cargo Continues to See Double-Digit Increases Over 2020 as Supply Chain Disruptions Continue
Imports at the nation’s largest retail container ports are continuing to show double-digit growth over last year as strong consumer demand keeps up its momentum, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“The year-over-year growth we saw this spring was off the charts because the comparisons were against a time when most stores were shut down due to the pandemic,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “But we’re continuing to see strong growth even as we enter a point when stores had begun to reopen last year. That’s a sign of the...
Kroger Collaborates with KNAPP to Modernize and Expand Great Lakes Distribution Center
Kroger and KNAPP, a global leader in intelligent automation and specialized software solutions, announced their agreement to deploy, expand, and enhance the capabilities and capacity of the retailer's existing Great Lakes Distribution Center in Delaware, Ohio. The facility is currently being renovated to add modern state-of-the-art technology and is expected to be complete this summer.
The distribution center opened in 2003 and currently services 115 stores in central and northwest Ohio, as well as southeast Michigan and the Ohio River Valley region. During the renovation, the facility will...
What Does Prop 12 Mean for Egg, Veal, and Pork Producers in 2022?
Set to begin on January 1, 2022, there has been much pushback and controversy surrounding the State of California’s Proposition 12: The Farm Animal Confinement Initiative, which California residents first voted to pass in 2018.
Under the new rule, veal calf producers are required to provide their animals with at least 43 square feet of usable floor space per calf. Sows must have a minimum of 24 square feet of usable space per animal and laying hens are required to be cage-free. Prop 12 prohibits the sale in California of meat, poultry, and eggs not raised in compliance with these regulations. Many industry participants and producers have voiced concerns that Prop 12 could...
NAMI and NPPC Urge the USDA and Congress to Address Port Challenges
With delays and congestion at U.S. ports hurting U.S. agriculture exports like meat and poultry products, the North American Meat Institute (NAMI) and the National Pork Producers Council (NPPC) are urging U.S. Secretary of Agriculture Tom Vilsack and Congress to confront the crisis.
The issue at hand is the continued behavior of ocean carriers to decline to carry U.S. agriculture commodity exports and instead return empty containers to Asian markets to fill them with more lucrative consumer goods to export back to the United States. Also, NAMI claims that ocean carriers and marine terminal operators are...
NRF Calls on White House to Address Port Congestion Challenges
The National Retail Federation delivered a letter to the White House asking to meet with President Biden and other top administration officials regarding the challenges retailers are facing from continued supply chain disruptions that are leading to congestion at U.S. ports.
The letter from NRF President and CEO Matthew Shay states, “The supply chain disruption issues, especially the congestion affecting our key maritime ports, are causing significant challenges for America’s retailers. The congestion issues have not only added days and weeks to our supply chains but have led to inventory shortages impacting...
PODCAST: Diving Into the Seafood Market with Jim Kenny
This week on Market Digest we are joined by Urner Barry COO and Market Reporter Jim Kenny. Jim and Laura discuss rising prices for seafood items, COVID-19 recovery for seafood and foodservice, consumer demand levels, logistical nightmares from production to shipping, and more.
PODCAST: UK Beef Chats Episode 19
This week on UK Beef Chats Market Reporter Mike Nesbitt updates us on market performance, labor struggles as more businesses start to reopen, and a few logistical constraints for the supply chain.
COMTELL Insights Spotlight: Future-Proofing the Supply Chain FaQ
Available on the COMTELL Platform and brought to you by Urner Barry Insights
If you’re in the food business, you’re probably wondering about future-proofing the supply chain. Given what we’ve seen over the last year—and what we’re still contending with—the task of managing supply chains has become more challenging than ever (and it was no picnic before, we know!). That’s why Urner Barry is bringing together exclusive Insights through original reports, interviews, videos and podcasts in a special April Spotlight dedicated to the biggest supply chain issues the industry is currently facing.
This Spotlight, Future-Proofing the Supply Chain, will take place April 26-30th, 2021, and can be accessed through Urner Barry Insights on the COMTELL platform.
Segments will include...
Special Spotlight to Take Place on Future-Proofing the Supply Chain, April 26-30th
This Spotlight, Future-Proofing the Supply Chain, will take place April 26-30th, 2021, and can be accessed through...
PODAST: All Good On the Western Front: Alaska Sausage and Seafood
This week on Market Digest we're joined by Martin Eckmann of The Alaska Sausage and Seafood Company. Martin and Laura discuss running a business in Alaska during the pandemic, how shipping times and logistics have been affected, and reindeer sausages.
Did you know? Urner Barry's Market Digest Podcast is now available on Spotify, iTunes, Apple Podcast, iHeartRadio, and SoundCloud! More ways to listen to top industry news and analysis.
February Red Meat Exports Below Last Year, but 2021 Outlook Remains Strong
February exports of U.S. beef and pork remained below the rapid pace established in early 2020, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). However, exports were consistent with USMEF’s February projections and the federation still expects 2021 beef exports to increase substantially year-over-year, while pork exports are projected to narrowly surpass the 2020 record.
Beef exports totaled 103,493 metric tons (mt) in February, down 8% from a year ago, valued at $669.5 million (down 2%). This was due mainly to a decline in variety meat exports, as beef muscle cuts were steady with last year in value at $597.9 million on a volume of 82,530 mt (down 3%). Through February, beef exports were...
Retailers Urge Bipartisan Approach to Modernize U.S. Transportation Infrastructure
The National Retail Federation issued the following statement from Senior Vice President of Government Relations David French in response to a House committee hearing on transportation infrastructure. U.S. Secretary of Transportation Pete Buttigieg provided testimony on behalf of the Biden Administration.
“The retail industry relies on our nation’s transportation infrastructure to move billions of dollars’ worth of merchandise every day to warehouses, distribution centers and stores and ultimately to consumers’ front doors. A healthy and efficient infrastructure system supports economic development and growth in...
REPORTER: Industry Veterans Come Together to Open Colorado Lamb Processors
This article was originally featured in the Spring 2021 Edition of Urner Barry's Reporter magazine.
As Easter and Passover approach, one cannot help but to think about lamb when planning a holiday meal. This year, there’s a good chance you could be eating lamb that has passed through the country’s newest lamb harvesting facility—Colorado Lamb Processors in Brush, Colorado.
Colorado Lamb Processors, which opened in September 2020, is the first new lamb processing facility to be built in the...
ANALYSIS: Frozen Tom Breast Meat Values Buck Seasonal Norm
It isn't every year that the topic of frozen tom breast meat catches the eye of market participants this early in the "season"...
January Red Meat Exports Below Year-Ago Levels Amid Transportation, Labor Challenges
U.S. beef and pork exports opened 2021 below the large volumes posted a year ago, according to January data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
Beef exports totaled 105,047 metric tons (mt) in January, down 2% from a year ago, while value slipped 3% to $653 million. The decline was due mainly to lower beef variety meat shipments, as muscle cut exports were steady with January 2020 at 81,398 mt, valued at...
Albertsons Launches Pilot of Remote-Controlled Delivery Cart in Northern California
Albertsons Companies announced that it has partnered with Tortoise, an automated logistics company focused on last-mile solutions, to pilot its remote-controlled zero-emission delivery cart in Northern California.
“Our team is obsessed with trying new and disruptive technologies that can bring more convenience for our customers,” said Chris Rupp, EVP and Chief Customer and Digital Officer. “We are willing to quickly test, learn, and implement winning innovations that ensure we are offering the easiest and most convenient shopping experience in the entire industry.”
The Safeway cart, powered by Tortoise, is equipped with a camera and a speaker and is guided through the neighborhood by...
ANALYSIS: Don’t Sleep on Chicken Leg Quarters
With chicken front half items continuing to be the talk of the town, it’s easy to overlook the slightly less exhilarating, albeit seasonally admirable, status of frozen leg quarters...
Grains Supply to Argentine Export Hub Normalizing After Truckers Strike
Delivery of grains and oilseeds to Argentine export hub Rosario was slowly returning to normal on Monday after a week of protests by truckers who blocked roads leading from the farm belt to port, two industry sources told Reuters.
Drivers are demanding a review of their costs, including tolls, insurance rates, taxes and fuel prices.
They were scheduled to meet with Sergio Massa, president of the lower House of Congress, to discuss their demands while the government news site Telam reported a delay in a proposed fuel tax increase. Both gestures appeared to help calm tensions, although...
Perdue AgriBusiness Announces Plans to Close Lothian, Maryland Grain Elevator
Perdue AgriBusiness, an independent operating company of Maryland-based Perdue Farms, has announced plans to close its grain elevator in Lothian, Md., by March 31 and is working closely with local farmers to minimize the impact. The company will stop receiving grain deliveries on Feb. 26.
“As a 101-year-old Maryland based company, we have long valued the importance of our relationship with local grain farmers, one built on a century of trust and transparency,” said Scott Fredericksen, president of Perdue AgriBusiness. “Unfortunately, over the last 20 years, we have seen...
2020 Retail Imports May Break Record Despite Pandemic
Imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“Nobody would have thought last spring that 2020 would be a record year for imports, but it was clearly an unpredictable year,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Consumers and retailers once again proved their resilience in the face of unprecedented challenges. Thanks in part to government stimulus, retail sales saw...
REPORTER: Protein Industry Facing Logistical Hiccups During the Pandemic
This article was originally featured in the Winter 2021 Edition of Urner Barry's Reporter magazine.
Add logistics to the laundry list of problems the coronavirus pandemic has thrown at the protein industry.
Throughout the pandemic, the protein industry faced multiple hiccups from a logistics standpoint. Labor has been anissue at essentially every link in the supply chain. Domestically, meat plants have dealt with outbreaks. Meanwhile overseas, labor shortages at ports have stalled shipments and, in some cases, led to product heading back stateside...
Urner Barry Releases October Emerging Plant Protein Report
Urner Barry Releases October Soy & Wheat Report
Urner Barry Releases October Pulse Protein Report
Urner Barry Releases September Emerging Plant Protein Report
Urner Barry’s Consulting Division to Launch Egg Market Forecasting Report