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Pilgrim's Pride Highlights Chicken, Prepared Foods as Areas for Growth
“In the U.S. we endured a very challenging environment in commodity chicken, slower than expected recovery from weather disruptions at some complexes, partially offset by an improvement in operating results from Prepared Foods. In Europe we improved the performance through expected synergies but were impacted by higher feed inputs as a result of a drought that will be passed to our prices in coming quarters. Our Mexican operations produced a very strong first half, a weaker than seasonal Q3, followed by a rebound in Q4. The diversity of our portfolio of bird sizes, geographical market exposure, our culture and our people, are what fundamentally differentiate us from the competition, giving us the potential to reduce volatility and generate higher margins over time, and the results for 2018 represented the power of that strategy. As we begin 2019, conditions in the U.S. commodity markets including exports are already recovering, supporting OECD-FAO data that over the longer term chicken as a protein will continue to outperform in terms of growth potential globally...
The Evolution of Super Bowl Consumption
To many football fans, the Super Bowl may feel like Groundhog Day (which, coincidentally falls one day before the NFL championship on Feb. 3), as the year’s biggest sporting event brings another round of family and friends gathering together to eat wings, drink beer, engage with ads and watch the New England Patriots vie for the championship (yet again).
And while that remains true to some extent, today’s viewing experience is far different from the one you enjoyed with your parents while you were growing up.
Yes, beer and wings are a staple of any Super Bowl, but a range of other categories are joining the party due to evolving tastes and the growth of the female football fan base...
This Week in Retail: Aggressive Features Grab Busy Consumers’ Attention
This week in retail, beef features claim the number one spot with 23 percent, followed closely by seafood and pork, both just shy of 23 percent. Chicken ads account for 19 percent of total protein volume. Turkey features have risen to account for 7 percent of total protein volume, compared to 5 percent the previous week and just 3 percent the week before that.
Frozen turkeys make up 51 percent of total turkey ads this week—up from 29 percent the previous week. Feature prices for frozen turkey range from 91 cents per pound to $1.02 on average.
Elsewhere in the meat case, busy shoppers can pick up 80% lean ground beef at cheaper prices than a year ago. Averaging $3.19 per pound this week, ground beef is 12 percent lower YOY. Additionally, more roasts are finding their way into shopping carts as the weather gets increasingly cold. The roast complex averages $4.77 per pound this week, 24 cents per pound over a year ago.
Meanwhile, pork roasts average just...
The Blurring Lines of Foodservice
The term “grocerant” is a combination of “grocery” and “restaurant,” but there are many other ways in which the mashup of foodservice and retail are evident – and affecting food retailers.
For starters, although we're in the food retail business, we’re all consumers at the end of the day. Like the people who shop our stores (or who we want to shop at our stores), we may divide our meals during a typical week by eating out at restaurants, taking food home from restaurants, buying prepared foods from our stores, making meals from scratch, using shortcut ingredients in home meals or substituting snacks for meals.
Indeed, the blurring lines between foodservice and retail are all over the place, representing more a zigzag than a straight line, according to...
Urner Barry Rolls Out Updated Foreign Trade Data Platform
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