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Urner Barry Releases January Soy and Wheat Protein Report

Following initially dismal reports on wheat consumption, the USDA recently lifted global wheat consumption estimations by 5.1 million tons to 757.8 million tons based on higher demand for feed in China. Driven by a recovering pork market, China poses a strong demand side pull on...

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Jan 14 8:25 AM, Urner Barry



ANALYSIS: November’s Turkey Export Figures Paint a Mixed Picture

Last month’s uptick in in total year-over-year turkey export tonnage was short-lived, as November’s figures fell back in line with...

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Jan 14 8:25 AM, Urner Barry


Urner Barry Expands Lamb Price Coverage with New Imported Market Report

Urner Barry, the leading provider of protein market news and information in the food industry, is pleased to announce the expansion of price intelligence in the lamb market with a new imported lamb category.

Adding to the existing series of timely, accurate and unbiased reporting on domestic lamb prices, Urner Barry will now offer coverage of lamb imported from Australia/New Zealand. This initiative provides transparency and insight into international trade flows that have the potential to impact market dynamics in the United States...

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Jan 12 9:28 AM, Urner Barry


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...

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Jan 12 8:22 AM, General News


November Beef Exports Largest in More Than a Year; 2020 Pork Exports Top Previous Annual Record

U.S. beef exports posted one of the best months on record in November, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). November was also a strong month for pork exports, which already surpassed the full-year volume and value records set in 2019.

“Demand for U.S. beef in the global retail sector has been outstanding and we expect this to continue in 2021,” said USMEF President and CEO Dan Halstrom. “Unfortunately, foodservice continues to face COVID-related challenges. We expect a broader foodservice recovery this year, especially from mid-2021, but will likely...

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Jan 11 10:04 AM, General News


Urner Barry Releases January Pulse Protein Report

Demand for further processed pulse ingredients continues to steadily increase in parallel to improved protein innovation technologies with meat and dairy analogue products. Fava beans, a type of broad bean pulse crop, have garnered recent increased interest as the versatility and functionality of the protein as well as...

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Jan 7 10:19 AM, Urner Barry


ANALYSIS: Frozen Turkey Drums Continue to March Forward

Turkey marketers are welcoming 2021 with open arms thanks to the relatively admirable set of early-year trade conditions...

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Jan 7 8:23 AM, Urner Barry


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


Poultry Quarterly Q1 2021: A Perfect Storm in 1H, Initial Recovery in 2H 2021

After the big disruption caused by Covid-19 in 2020, the poultry industry will face additional challenges in 2021, especially in 1H. Covid-19 will place ongoing pressure on foodservice and trade, and the consequent slow economic growth will lead to more price-driven market conditions. As market fundamentals appear challenging for 2021, the poultry industry should prepare for a tough year.

“Looking forward, we see four main challenges for the global poultry industry: ongoing Covid-19 impacts on markets, high and volatile feed prices, China’s African swine fever recovery, and...

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Dec 22 8:19 AM, General News


ANALYSIS: Update on German Pork Exports in Wake of ASF Outbreak

African Swine Fever case counts in Germany have exceeded 200, according to some sources. Since finding the first case of ASF on...

 

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Dec 17 8:22 AM, Urner Barry


Urner Barry Releases First Emerging Plant Protein Report

Plant-based firms remain committed to finding alternative sources of protein and functional ingredient components. While soy, wheat, and pea proteins are the most utilized ingredients to date, numerous other innovative and unique options emerge to fulfill growing demand for sustainable, cheap, functional, and nutritious food items. Currently, consumers have increasingly expressed...

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Dec 17 8:18 AM, Urner Barry


Meat Industry Reacts to President-Elect Biden's Choice for U.S. Trade Representative

President-elect Joe Biden announced he will nominate House Ways and Means Committee trade lawyer Katherine Tai as U.S. trade representative. Tai’s career at USTR began in 2007 as an associate general counsel. In 2014, she was named chief counsel for China trade enforcement, overseeing disputes between Washington and Beijing at the World Trade Organization. She left that role in 2014 to join House Ways and Means and in 2017 was named chief trade lawyer for Chair Richard Neal (D-MA).

The North American Meat Institute supports the choice. Tai, who would become the first Asian American to hold the role of USTR, speaks fluent mandarin and has experience as...

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Dec 14 10:19 AM, Urner Barry


Retail Imports Still Strong after Setting New Records for The Holiday Season

Imports remain strong after setting new records this fall as retailers stocked up both stores and warehouses for the holiday season and met new demands for quick delivery of online orders, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“The pandemic has made the past year one of the most trying the supply chain has ever seen, but retailers have met that challenge,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We’ve gone from not knowing whether we would be able to...

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Dec 11 2:47 PM, General News


ANALYSIS: Chiming In on Chicken Leg Quarters

Those with exposure to chicken back half items are no stranger to this year’s uninspiring and highly volatile trade environment...

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Dec 11 12:50 PM, Urner Barry


Urner Barry Releases First Soy and Wheat Protein Report

Demand for Vital Wheat Gluten (VWG), a primarily functional ingredient used to strengthen bakery items, hamburger and hotdog buns, and as a key component in vegetarian seitan, has remained relatively stable. Primarily a byproduct of ethanol production in the generation of European energy, VWG has minimal effect on price and demand dynamics of raw wheat....

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Dec 11 8:30 AM, Urner Barry


ANALYSIS: Turkey Exports Find Some Q4 Lift

After nine months of consecutive year-over-year reductions in total turkey export volume, October marks...

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Dec 10 8:24 AM, Urner Barry


Policy Issues Affecting the Meat Industry 

In a webinar hosted by the North American Meat Institute, experts explored what is on the horizon for trade policy, industry structure, and antitrust as President-elect Biden is set to occupy the White House come January. These Washington D.C. insiders shared a wealth of experience and valuable insights as the meat industry navigates new policy dynamics.

Panelists included Ambassador Darci Vetter, former Chief Agricultural Negotiator, USTR and Global Lead, Public Affairs and Vice Chair, Agriculture and Food, Edelman; and...

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Dec 10 8:22 AM, Urner Barry


Election Results – Where Are We Now? 

With the Presidential election, the House, and a runoff election to determine the Senate Majority, the only thing certain in Washington is change. In a webinar hosted by the North American Meat Institute, a panel of experts provided insights and discussed the outcome of key races, the make-up of committees and leadership of Congress, pending changes of cabinet officials, and a new relationship between the White House and Congress, which together shape the agenda in Washington.

Panelists included the Honorable Blanche Lincoln, former Chairman of the U.S. Senate Committee on Agriculture, Nutrition & Forestry and Founder & Principal, Lincoln Policy Group; the Honorable Krysta Harden, former U.S. Deputy Secretary of Agriculture; and...

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Dec 9 8:18 AM, Urner Barry


Strong October for Pork and Beef Muscle Cut Exports; Variety Meat Trends Lower

U.S. pork exports posted broad-based gains in October, solidifying 2020’s record pace, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef muscle cut exports were also higher than a year ago in October, though lower variety meat volumes pushed total beef exports slightly below last year.

October pork exports were up 8% year-over-year to 242,536 metric tons (mt), with value also increasing 8% to $641.1 million. Through the first 10 months of the year, exports were 15% ahead of last year’s record pace at 2.46 million mt, with value up...

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Dec 9 8:17 AM, General News


National Pork Board Study Outlines Opportunities to Diversify Pork Exports

As U.S. pork exports continue to break records in 2020, new reports from the National Pork Board demonstrate opportunities that may diversify U.S. pork exports in Vietnam and the Philippines. The reports also show how African swine fever (ASF) outbreaks in Asia have impacted both countries’ pork industries and related supply chains.

The two new pork market assessments were prepared by Gira, a global research firm, with funding from the Pork Checkoff and the USDA Foreign Agricultural Service Emerging Markets Program. They share critical insights on...

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Dec 9 8:16 AM, General News


ANALYSIS: Australian Beef and Veal Exports to USA Hit Record Low in November

This week the Australian Department of Agriculture (DAFF) reported total beef and veal shipments to the United States at...

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Dec 4 8:20 AM, Urner Barry


UK Government Consults on Ending Live Animal Exports for Slaughter

Plans to ban the export of live animals for slaughter and fattening have been unveiled by the Environment Secretary today, in the start of a renewed push by government to strengthen the UK’s position as a world leader on animal welfare.

These proposals form part of an eight-week consultation, launched in England and Wales, seeking views on how to better protect animal welfare during transport.

Live animals commonly have to endure excessively long journeys during exports, causing...

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Dec 3 8:43 AM, General News


Changed Beef Consumption Habits Following COVID-19 Create Opportunities

The global Covid-19 pandemic and African swine fever (ASF) have changed beef consumption patterns through 2020. While total beef consumption has not seen too much change, we have seen distribution channels change, benefiting some at the expense of others. As the impacts of ASF are overcome and disruptions from Covid-19 subside, old distribution channels will recover.

“It is likely that many consumers will revert to their previous habits, but we do see opportunities for...

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Dec 3 8:27 AM, General News


Plant-Based Market Dynamics Broken Down in Urner Barry's First Pulse Protein Report 

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 the first Pulse Protein Report, Market Reporter Daniel Munch breaks down...

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Dec 2 8:22 AM, Urner Barry


PODCAST: Investing In the Future: John Manzella on American Capitalism

This week on Market Digest Laura speaks with John Manzella, nationally syndicated columnist on global business, trade policy, labor, and the latest economic trends. In this episode we discuss expected affects of the U.S. election results, the trade war with China, investing in young farmers, and...

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Nov 24 11:36 AM, Urner Barry


ANALYSIS: Pork Market Weekly Trade Activity Levels

Daily trade volume in the pork market can be influenced by any number of factors. Observing which days certain items or groupings of items show...

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Nov 20 8:29 AM, Urner Barry


ANALYSIS: An All-Encompassing View of Chicken Market Variables

In light of the unseasonal price momentum demonstrated by key items within the chicken complex, this week we thought it would be a great opportunity to...

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Nov 20 8:28 AM, Urner Barry


Rabobank Global Animal Protein Outlook 2021: Emerging From a World of Uncertainty

After a year full of uncertainties, global animal protein is expected to rise again, as it looks for opportunities.

In 2021, Rabobank anticipates production growth in most regions, with the biggest change taking place in Asia, where the impacts of African swine fever (ASF) are fading. Pork is expected to lead that growth – with a gradual recovery process, as ASF is still active. Poultry and aquaculture are also forecast to grow, followed by beef. Wild-catch seafood, however, is expected to decline.

Global animal protein trade continues to create areas of opportunity and risk, with China...

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Nov 19 8:21 AM, General News


Agrimoney Presents Ag Trade Following the U.S. Election Webinar

For this webinar Agrimoney’s Editor in Chief, Mike Verdin, will be joined by some of agriculture’s most prominent voices – including David Hightower, President of The Hightower Report, Dan Basse, President of AgResource, and Louis Rose, Co-founder of Rose Commodity Group – to discuss the future for ag now that Joe Biden is to become US president.

This will include...

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Nov 18 8:28 AM, General News


Imports Set New 'Peak Season' Record as Retailers Prepare for Holidays

Imports likely saw their busiest “peak season” on record this summer and fall as retailers replenished inventories and stocked up for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Peak season is the Superbowl of the supply chain world each year as retailers make sure they have enough merchandise on hand to satisfy demand during the holidays, and this is the busiest we’ve ever seen,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Part of this surge was fueled by restocking after retail sales rebounded this summer and part could be making sure there aren’t shortages if...

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Nov 11 8:13 AM, General News


Pork Exports Remain on Record Pace Through September; Beef Exports Trend Lower

September exports of U.S. pork increased 10% year-over-year, keeping 2020 exports on a record pace, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports were fairly steady with last year in major Asian markets but trended lower overall.

Pork exports reached 222,475 metric tons (mt) in September, with value increasing 6% to $563.2 million. Through the first three quarters of the year, exports were 16% ahead of last year’s record pace in both volume (2.22 million mt) and value ($5.69 billion). The increases were even stronger for pork muscle cuts, jumping 22% to 1.87 million mt valued at...

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Nov 9 2:30 PM, General News


WATCH: Protein Industry Insights on the UK Beef Market 

With Brexit trade talks still somewhat in limbo, the UK Beef market sits at a crucial juncture. While an air of uncertainty continues to circulate, recent trade deals with the US holds significant potential for the UK beef trade. Despite pockets of optimism, there is a genuine concern a second wave of infections may hinder processing, although output remains steady for the time being.

Our Beef Market Reporters Joe Muldowney and Michael Nesbitt came together for this eye-opening chat on Brexit, US/UK Trade deals, Coronavirus' effect on the beef market...

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Nov 6 9:44 AM, Urner Barry


NPPC Petition Leads to U.S. Trade Sanctions Against Thailand

The U.S. Trade Representative (USTR) announced it is suspending $817 million in trade preferences for Thailand under the Generalized System of Preferences (GSP) program because the country hasn’t made sufficient progress providing the United States with “equitable and reasonable market access” for pork products. The decision follows a 2018 petition by the National Pork Producers Council (NPPC) asking the USTR to review Thailand’s eligibility for the GSP program, one that offers duty-free treatment to certain goods entering the United States.

“For years, Thailand has taken full advantage of special U.S. trade benefits, while imposing a completely unjustified de facto ban on U.S. pork. This is hardly a...

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Nov 3 8:24 AM, General News


Rabobank: Pork Quarterly Q4 2020: Export Concentration a Potential Long-Term Risk

Global pork demand rebounded following Covid-19 disruption in most geographies, yet supply remains constrained in many Asian markets. This imbalance continues to support strong export demand from the rest of the world, resulting in sharply higher pork values.

Globally, processors’ ability to respond also remains constrained by labor availability, which limits packer capacity and efficiency. In Europe, new African swine fever (ASF) outbreaks add further limitations. “Hog producers face a challenging outlook, given rising feed costs, weaker economic trends, and slower export growth as China...

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Oct 27 8:25 AM, General News


USTR and USDA Release Report on Agricultural Trade Between the United States and China

The Office of the U.S. Trade Representative (USTR) and the U.S. Department of Agriculture (USDA) issued a report highlighting the progress made to date in implementing the agricultural provisions in the U.S.-China Phase One Economic and Trade Agreement, which is delivering historic results for American agriculture.

Since the Agreement entered into force, the United States and China have addressed a multitude of structural barriers in China that had been impeding exports of U.S. food and agricultural products. To date, China has implemented at least...

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Oct 27 8:20 AM, General News


ANALYSIS: What’s Going On with Tom Breast Meat?

It’s safe to say that Thanksgiving and the whole bird centric activity which typically...

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Oct 22 8:11 AM, Urner Barry


Rabobank: Lack of Trade Deal Will Hit EU-UK Food and Agriculture Trade Hard 

The absence of an EU-UK trade deal on January 1, 2021 would cause significant economic losses on both sides for companies active in food & agriculture supply chains. The British prime minister, Boris Johnson, warned the world to prepare for a hard Brexit scenario. We therefore urge companies in the food supply chain to be prepared for loss of export and import opportunities and for a future in which additional efforts and administrative costs will have to be made to continue any remaining cross-border trade.

The Hard Brexit Becoming Reality After All

As Rabobank wrote in January 2019 in the note “Consequences of a ‘Hard Brexit’ for Food & Agribusiness: EU Market Closes for UK, While UK Will See Food Price Inflation,” a hard Brexit would hit EU-UK trade in...

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Oct 20 10:50 AM, General News


Soy Protein: An Introduction and Import Assessment

If you are like a growing number of shoppers across the globe, checking the ingredients label on the back of food items has become instinctual. One such ingredient, soybeans and further processed soybean powders (like flours, concentrates, and isolates), have garnered increased media attention partly associated with its use in a growing number of novel, plant-based products. Generally, goods containing soy are considered either “traditional soyfoods” which use whole soybeans in the creation of more obvious items like soy milks, tofu, and soy sauces or “formulated foods” which contain concentrated forms of soy protein in products including comminuted meats, protein bars, soups, cereals, frozen desserts, and meat analogues.

Like peas and lentils, the soybean (Glycine max) is a species of legume plant and has numerous invaluable production applications. Most widely grown in...

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Oct 20 10:41 AM, Urner Barry




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