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ANALYSIS: Lighter Cattle Weights and Reduced Output Pull YTD Beef Production Lower

The impact of last month’s winter storms across the U.S. is illustrated in average cattle weights, which have dropped precipitously since the start of the year.

The latest USDA data indicated dressed steer weights at 909 pounds, up 1 pound from last year but 3 pounds below the week prior. Steer weights started the year at 937 pounds, a seasonal all-time high. Average dressed heifer weights were reported at 827 pounds, up 2 pounds from the week prior but 6 pounds under 2023 and down 24...

Full Story »
Feb 22 8:00 AM, Urner Barry



The Retail Rundown: Finalizing February’s Features

Retailers are finalizing their February features while actively preparing for spring demand, which is bolstered by seasonal factors like warmer weather along with holidays including St. Patrick’s Day and Easter.

Retail features are shifting from red meat and poultry towards seafood as Lenten observers begin the 40 days of fasting and reduced meat consumption. 

The seafood complex continues to hold the top spot within total protein features, accounting for 37% this week. Beef follows with 21% of retail buying opportunities, while pork closes in at 19%. Chicken claims almost 16% of ad space, nearly...

Full Story »
Feb 21 7:55 AM, UB Newswires


Mintec Completes Fourth IOSCO Accreditation for Proprietary Agrifood Prices

Mintec and leading brands, Urner Barry and Feedinfo complete the latest IOSCO accreditation for proprietary agri-food commodity prices.

Mintec has successfully completed an independent review of its proprietary food ingredient and agricultural commodity price assessment process for a fourth consecutive year. The International Organization of Securities Commissions (IOSCO) review encompassed 66 assessments for the company as a whole (including owned brands Urner Barry and Feedinfo) across the agri-food supply chain. Mintec achieved 41 Type 2 and 25 Type 1 assurances across its...

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Feb 15 6:37 AM, Urner Barry


The Retail Rundown: Surf and Turf Promotions for Valentine's Day

It's Cupid's Day and love is in the air for the foodservice sector as consumers celebrate with an evening out and a special meal.

Following the Super Bowl craze, the balance of this month is generally lackluster for retail. However, increased demand for premium cuts of meat and seafood helps to lift overall protein sales, especially for restaurants and fine dining establishments.

Various restaurant chains were showcasing Valentine's Day promotions last weekend and continue to offer special deals for the upcoming weekend including prix fixe menus for two.

Consumers planning...

Full Story »
Feb 14 6:30 AM, UB Newswires


CDFA Issues New Proposition 12 Guidance Document on Certificates

The California Department of Agriculture's (CDFA) Animal Care Program has issued a new guidance document to aid stakeholders in distinguishing between the various certificates issued for Proposition 12 compliance.

Proposition 12 (2018) went fully into effect on January 1, 2024. The law prohibits the sale of shell eggs, liquid eggs, whole pork meat, or whole veal meat in California from animals that fail to comply with specific standards for freedom of movement, cage-free design, and specified minimum floor space. 

The Supreme Court upheld Proposition 12...

Full Story »
Feb 12 8:00 AM, UB Newswires


Commercial Broiler Flock in Nebraska Tests Positive for Bird Flu

A commercial broiler flock of 102,000 birds in Gage County, Nebraska recently tested positive for highly pathogenic avian influenza (HPAI). The detection was confirmed by the U.S. Department of Agriculture on February 6, marking the first outbreak in a commercial flock for the state since November 2022. 

Several small WOAH poultry and non-poultry operations in Nebraska were affected by HPAI between December 2022 and December 2023. 

“Nebraska hasn’t had any reported cases of HPAI for a few months so while we are disappointed, we are not surprised, to see another case...

Full Story »
Feb 9 8:01 AM, UB Newswires


Canada Concerned That VCOOL Rule and Prop 12 Could Disrupt Supply Chains

Canadian Agriculture Minister Lawrence MacAulay met with U.S. Agriculture Secretary Tom Vilsack in Washington D.C. last month to discuss strengthening agricultural ties between the two countries.

During their meeting, Minister MacAulay raised proposed changes in voluntary country-of-origin labeling (VCOOL) regulations for meat and livestock. These regulations along with California's Proposition 12 could restrict trade and disrupt supply chains, said the Minister. 

The USDA proposed a rule last March that allows the voluntary “Product of USA” or “Made in the USA” label claim to be used on...

Full Story »
Feb 8 9:26 AM, UB Newswires


The Retail Rundown: Super Sunday Promotions 

The Super Bowl ranks as the second biggest eating occasion of the year, behind Thanksgiving. To prepare for this weekend's celebrations, circulars are brimming with promotions on items like finger foods, party trays, and beverages ahead of the showdown between Kansas City and San Francisco. 

The National Chicken Council (NCC) projects chicken wing consumption for Super Bowl LVIII at 1.45 billion wings, unchanged from last year's record level. Americans are more likely to prefer eating bone-in wings (53%) than boneless wings, based on the NCC’s survey findings.

Urner Barry's jumbo wing values...

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Feb 7 7:19 AM, UB Newswires


UK Pork Producers Explore Export Opportunities to CA Amid Prop 12 Enforcement

British meat producers are exploring export opportunities to California after Proposition 12 went into full enforcement on January 1, 2024.

Proposition 12 originated as a ballot initiative in 2018 and was upheld by the Supreme Court in a 5-4 decision on May 11, 2023. The Californian law prohibits the sale of meat and eggs in the state that were raised under certain farming conditions.

Under the law, breeding pigs must have a minimum of 24 square feet of usable floor space per animal. Proposition 12 applies to...

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Feb 1 6:55 AM, UB Newswires


Scoular Expands Footprint in Kansas with Purchase of Three Grain Facilities

Scoular, an agribusiness that buys, sells, stores, handles and processes grain and ingredients, recently announced that it has acquired three grain handling facilities in central Kansas.

The facilities were purchased from Skyland Grain and will allow the company to more than double its storage capacity in the region. The acquisition will complement Scoular's shuttle-loading facility in Pratt, which the company has operated for more than a decade. 

Scoular will handle corn, wheat, soybeans, milo, and canola at the three newly acquired grain facilities. The grain...

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Jan 31 7:28 AM, UB Newswires


The Retail Rundown: Touching Down on Super Bowl Spending

The retail sector is touching down on the first major retail food-buying occasion of the year—the Super Bowl. The game between the Kansas City Chiefs and San Francisco 49ers will take place on Sunday, February 11th and grocers have plenty to celebrate ahead of what could be a record-smashing milestone for sales.

A record 200.5 million viewers are expected to tune in to Super Sunday, according to the National Retail Federation (NRF). Collective spending on food, drinks, apparel, decorations, and other purchases could hit $17.3 billion, also...

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Jan 31 7:00 AM, UB Newswires


V&V Walsh Signs MOU With Chinese Supplier to Increase Beef and Lamb Exports

Exports of Western Australian grain-fed beef, lamb, and mutton are expected to increase thanks to a $40 million trading partnership memorandum of understanding (MOU) signed by V&V Walsh with China’s High Hope Group.

V&V Walsh is Western Australia’s leading lamb and beef producer. The MOU signed with the High Hope Fresh Food division links V&V Walsh to end-users in the High Hope Group’s Jinling Hotel chain, which has 118 luxury hotels and resorts throughout China...

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Jan 30 10:21 AM, UB Newswires


WARN Notice Indicates Partial Layoff at Cargill's Nashville Plant

Cargill has filed a Worker Adjustment Retraining Notification (WARN) Act notice with the Tennessee Department of Labor and Workforce Development, notifying the agency of a layoff on March 15, 2024.

The notice, filed on January 24, will affect 111 workers at its “crumbles production” at Cargill’s plant in Nashville, Tennessee. The facility is located on Eugenia Ave and was acquired by Cargill in 2016. 

The employees at the facility are not represented by a collective bargaining agreement, added the notice.

The Northern Middle Local Workforce Development Area rapid response team...

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Jan 30 7:31 AM, UB Newswires


Tyson Officially Opens New Bacon Production Facility in Kentucky

It's official—Tyson Foods, Inc. has formally announced the opening of its new 400,000-square-foot production facility located in Bowling Green, Kentucky.

According to the company, the plant will support a significant expansion of its bacon production capabilities and is expected to produce two million pounds per week of Jimmy Dean® and Wright® Brand bacon for retail and foodservice. 

The new facility will create about 450 jobs in southcentral Kentucky, which Kentucky Governor Andy Beshear celebrated.

“The grand opening of Tyson Foods’ cutting-edge facility marks...

 

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Jan 26 7:35 AM, UB Newswires


The Retail Rundown: Packing on the Protein

The retail space is packing on the protein as grocers promote healthy eating campaigns and hearty options like roasts during the wintry woes endured by much of the country in recent weeks.

For the second week in a row, seafood features take the top spot with 30.7% of retail buying opportunities. Pork climbed to second place with 23.7% of ad space, followed by beef with 20.4%. Chicken feature volume stands at 19% this week, up two points from the week prior. Turkey saw a slight decrease to 3.7% while eggs held...

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Jan 24 7:55 AM, UB Newswires


Standard Meat Company Announces Fifth Processing Plant in Forth Worth

Standard Meat Company, a multi-generational protein packaging and portioning company, recently announced the construction of its fifth processing plant located at 1101 NE 23rd Street in Forth Worth, Texas.

The 166,000-square-foot facility will occupy a renovated 1955 meat processing facility in Fort Worth’s northside, just a short distance from the company's headquarters at the Fort Worth Stockyards.

Standard Meat Company purchased the building for development last year and plans to install a state-of-the-art sous vide line. Expansion capacity at the new plant will allow for additional sous vide lines or other production lines as needed...

Full Story »
Jan 24 6:36 AM, UB Newswires


Major U.S. Winter Storm May Hinder Livestock Movement

Livestock producers and road crews are preparing for a major winter storm that will impact a significant portion of the country this week. 

The Plains and Midwest, where the bulk of the nation's cattle and hog-producing regions are located, could experience heavy snowfall and blizzard conditions through Tuesday. Meanwhile, damaging winds and severe thunderstorms are expected for the deep South through the Northeast today into tomorrow, according to the National Weather Service (NWS). 

Whiteout conditions due to heavy snowfall combined with severe wind gusts could...

 

Full Story »
Jan 8 9:27 AM, UB Newswires


Urner Barry's Winter 2024 Reporter Issue Released; Read It Online For Free Now

Check out a brand new issue of Urner Barry's Reporter!

The winter 2024 edition of Urner Barry's Reporter magazine is the final issue going to print. Don't miss the farewell to our long-running magazine, as well as informative pieces on Ecuador's shrimp supply; the Russia-Ukraine war's impact on the agricultural market two years in; and much more!

Read Volume 19, Number 1 of Urner Barry's Reporter for free here.

Full Story »
Jan 5 11:53 AM, Urner Barry


December Jobs Report Surpasses Expectations

Recently released data from the U.S. Bureau of Labor Statistics (BLS) indicated that the labor market added 216,000 jobs in December, up from 173,000 the previous month and surpassing expectations. 

Economists polled by Bloomberg had expected the report to show 175,000.

The unemployment rate was 3.7% last month, unchanged from November and slightly below expectations of 3.8%. 

Employment continued to trend higher in government, health care, social assistance, and construction. Meanwhile, jobs in transportation and warehousing declined, added the BLS.

Government employment increased by 52,000 while health care added 38,000 jobs last month...

Full Story »
Jan 5 9:46 AM, UB Newswires


CME Grain Futures Pressured by Improved Moisture in Brazil

CME soybean futures began the new year at multi-month lows, pressured by improved moisture in Brazil and extended forecasts for additional rainfall. 

The March soybeans contract slipped to the lowest level since June 30 and ended with a 24 ½ cents decline at $12.73 per bushel. 

Brazil is the world’s leading producer of soybeans, followed by the United States and Argentina. The planting season in Brazil occurs from October through December, with harvest taking place in March through May...

Full Story »
Jan 3 7:51 AM, UB Newswires


The Retail Rundown: Consumer Sentiment Rises at Year's End

Consumer sentiment spiked at the tail end of 2023, boosted by improved viewpoints of inflation in the new year. According to the University of Michigan’s (U-M) Survey of Consumers, consumer sentiment climbed by 14% in December, reversing the declines from the previous four months.

All age, income, education, geographic, and political identification groups saw gains in sentiment in December, said U-M. The index is just shy of the midpoint between the pre-pandemic reading and the historic low hit in June 2022, added U-M.

The University of Michigan's...

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Jan 3 6:32 AM, UB Newswires


Triumph Foods to Create 88 Jobs During St. Joseph Expansion

Triumph Foods announced that it will expand operations at the company's 800,000-square-foot facility in St. Joseph, Missouri, creating 88 new jobs in the process.  

“Triumph Foods is a Missouri-made, leading pork processor that we’re excited to see continuing to grow,” said Governor Mike Parson on X, formerly known as Twitter. “This company’s expansion is an exciting development for the local community and regional economy and will further strengthen our state’s thriving agriculture industry. We look forward to Triumph Foods’ continued success as it invests and creates jobs...

Full Story »
Dec 22 6:55 AM, UB Newswires


The Retail Rundown: Ham Features Increase for the Holidays

The countdown to Christmas is rapidly winding down and shoppers are busy stocking up on last-minute gifts and food for visiting family and holiday gatherings.

For the second week in a row, pork features claim the top spot among protein ads this week with 28.4%. Seafood follows with 25.7% of total protein ad volume, while beef comes in third at 20.5%. Chicken retail buying opportunities declined to 8%, compared to 13.8% the previous week. Turkey features advanced to 9.7%, up about four points from last week...

Full Story »
Dec 20 7:30 AM, UB Newswires


ANALYSIS: Turkey Exports Start Q4 on a High Note

While recent outbreaks of Highly Pathogenic Avian Influenza (HPAI) in various states and counties have posed challenges to the international footprint of the turkey industry, export performance through the end of October demonstrated noteworthy resilience.

During this period, the total outbound movement reached 52.9 million pounds. This marks the highest seasonal level observed since 2020 and also reflects a 5.8% increase when compared to September. With that being said, it is worth noting that October's cumulative movement still lagged approximately 18 percentage...

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Dec 14 8:00 AM, Urner Barry


The Retail Rundown: Thanksgiving Turkey Retail Prices Reported Higher Despite Wholesale Drop

With Thanksgiving in the rearview mirror, Urner Barry is looking back at how this year’s retail Thanksgiving sales compared to recent years. 

According to Circana data, retail turkey prices on both a discounted and non-discounted basis have consistently trended higher in the past five years. Generally, distribution has also seen an uptrend in recent years. 

Distribution is a measure that reports the distribution of discounted and non-discounted items. It takes into account the number of Universal Product Codes (UPCs) selling within a given aggregate...

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Dec 13 7:11 AM, UB Newswires


U.S. Stocks Trade Mixed Following Latest CPI Report

The U.S. Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) report for November Tuesday morning, showing the index up 3.1% on the year.

The latest data matched expectations and was down from 3.2% the month prior. Inflation gained 0.1% on a monthly basis in November after holding steady last month, slightly outpacing expectations.

The core CPI, which strips out food and energy, increased by 0.3% last month after rising by 0.2% in October. Over the last 12 months, the all items minus food and energy index gained 4.0%...

 

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Dec 12 10:15 AM, UB Newswires


Smithfield Foods to Terminate Grower Contracts With 26 Farms in Utah

In a press release issued Tuesday, Smithfield Foods announced it will terminate contracts with 26 hog farms in Utah amid challenging market conditions. 

The contract terminations will eliminate Smithfield positions that support contract farm relationships, said the company. The number of Smithfield positions eliminated may be up to one-third of the 210 currently employed in its Utah hog production operations. The company will offer relocation opportunities for the affected employees.  

Smithfield Foods is one of the world's leading vertically integrated protein companies and employs nearly 60,000 people in seven countries...

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Dec 6 6:55 AM, UB Newswires


The Retail Rundown: Season’s Gr-eatings

Season’s gr-eatings! The holiday season of spending is underway, giving rise to retail sales and food purchases.

This year’s holiday spending has already made history. A record 200.4 million shoppers stepped out over the five-day Thanksgiving holiday weekend, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics.

Consumers shopped both online and in-store throughout the Thanksgiving weekend, with 121.4 million people visiting physical retail locations to browse and make in-store purchases—consistent with 2022. Online shoppers totaled 134.2 million, up by four million...

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Dec 6 6:09 AM, UB Newswires


The Retail Rundown: Feasting on Holiday Features

Thanksgiving is here and the retail segment is teeming with all things turkeys, sides, sweets, and treats!

Fittingly, turkey leads the protein category with 31.1% of total feature volume, up from 22.5% the week prior. Pork follows with 22.8%. Seafood narrowly overtakes beef for the third spot, with 18.8%. Beef claimed 17.4%, nearly flat with last week.

Mintec recently took a look at the components that make up the traditional holiday dinner in its "Thanksgiving Dinner Index 2023" report. The index, which measures price fluctuations across key food commodities that make up a...

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Nov 22 7:15 AM, UB Newswires


Corn Harvest Nears Completion in Latest Crop Progress Report

In the latest Crop Progress report, the USDA shows 93% of corn is now harvested, up from 88% the week prior and ahead of the 5-year average figure by two percentage points. Kansas, North Carolina, and Texas are reporting 100% harvest completion. 

Winter wheat plantings are nearing completion as well, with 95% of the crop in the ground as of Sunday, November 19. 87% of winter wheat has emerged and 83% is rated in fair to excellent condition overall.

Nearby corn futures contracts are 2 to 2 ½ cents higher...

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Nov 21 10:02 AM, UB Newswires


Skyline Provisions, Inc. Recalls Ground Beef Following Complaint of Foreign Object

Skyline Provisions, Inc. is recalling about 5,620 pounds of raw ground beef products after the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) received a customer complaint about a foreign object. 

In an announcement made on Sunday, the FSIS said the raw ground beef items were produced and packed on Aug. 19, 2023. The products should be thrown away or returned to the place of purchase.

The products subject to recall bear establishment number “EST. 19300” and were shipped to institutions in Connecticut, Maine, Massachusetts, New Hampshire...

Full Story »
Nov 20 8:25 AM, UB Newswires


American Egg Board Embarks on Trade Mission to Boost U.S. Export Growth

Last week, the American Egg Board (AEB) embarked on a 2023 U.S. Egg Industry Trade Mission to further its goal of boosting U.S. export growth and creating a stronger, more sustainable, and more resilient egg industry.

Home of The Incredible Egg, the American Egg Board is the national marketing organization of America's egg farmers. AEB's mission is to increase demand for eggs and egg products through research, education, and promotion. AEB is located in Chicago. 

From November 6-11, AEB faculty and U.S. egg industry leaders traveled to...

 

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Nov 17 11:00 AM, UB Newswires


President Biden Signs Stopgap Funding Bill, Avoiding Gov't Shutdown

A government shutdown was narrowly avoided once again after President Joe Biden signed a stopgap spending bill Thursday evening. 

Funding was due to expire at 12:01 a.m. Saturday, raising concerns about widespread disruptions ahead of the hectic holiday season. 

The short-term bill, or continuing resolution (CR), passed the Senate and House this week and splits the extension into two dates: January 19 and February 2. On Wednesday, the Senate voted 87-11 to approve the stopgap bill.

A statement released by the White House yesterday reads...

 

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Nov 17 6:49 AM, UB Newswires


The Retail Rundown: 2023 Thanksgiving Outlook

Thanksgiving is just one week out and grocers are bracing for a busy weekend ahead as shoppers secure any remaining needs for the holiday feast. Below, we have the latest outlook on what Turkey Day 2023 may bring.

The Star of the Show 

Shoppers this Thanksgiving may breathe a sigh of relief when looking at prices for the big bird. Last year, households shelled out more money for their turkeys due to factors including highly pathogenic avian influenza (HPAI) complications, low cold storage holdings, and inflation.

A lull in bird flu detections following the initial outbreak...

Full Story »
Nov 15 7:50 AM, UB Newswires


Corn Harvest 88%, Soybeans 95% Complete in Latest Crop Progress Report

In the latest Crop Progress report, the USDA shows 88% of corn is now harvested, up from 81% the week prior and two percentage points ahead of the 5-year average. 

Nearby corn futures contracts are fractionally higher in early Tuesday trading following yesterday's rally. December corn was last trading nearly flat at $4.77 ½ per bushel. 

The soybean harvest is nearly complete at 95%, up from the previous week's figure of 91%. The five-year average rate is also 91%...

Full Story »
Nov 14 9:30 AM, UB Newswires


Agricultural Markets Brace for Potential Gov't Shutdown Ahead of Holiday Season

Agricultural market participants are bracing for a potential government shutdown, which is just days away should Congress fail to extend funding past November 17. 

House Speaker Mike Johnson proposed a two-step spending bill, which has received tentative support from Senate Democrat Chuck Schumer. If passed, it would extend government funding for four appropriation bills to January 2024 and funding for the remaining eight bills into February. The bill must clear the House before moving to the Senate...

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Nov 14 7:25 AM, UB Newswires


Paraguayan Authorities Approve Health Protocol for Beef Exports to U.S.

In a notice issued Monday, Minerva Foods announced that Servicio Nacional de Calidad y Salud Animal, from Paraguay, has approved a health protocol for Paraguayan beef exports to the United States.

Minerva Foods is South America's leading beef exporter and has four plants in Paraguay. Combined, those four facilities have a slaughter capacity of 8,000 head per day. 

Only bureaucratic procedures remain before Paraguayan production units are certified and exports can be started, added the company. Once certified, these units will be added to assets in Brazil, Argentina, and Uruguay....

Full Story »
Nov 13 7:22 AM, UB Newswires


North 49 Foods Opens New Sow Processing Plant in Moose Jaw

A new pork processing facility in Canada has come online, marking the first time for such an occasion in over a decade. 

North 49 Foods, a division of Thunder Creek Pork, officially opened its federally inspected sow slaughter and processing facility in Moose Jaw, Saskatchewan in late October. 

The 120,000-square-foot facility was retrofitted from the former JBS/XL Foods beef plant, which was acquired by Donald's Fine Foods in 2019.

Donald's Fine Foods already operates a hog slaughter plant in Moose Jaw that was opened in 2011...

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Nov 10 6:51 AM, UB Newswires


Cultivated Meat Company Omeat Opens Pilot Plant in California

Omeat, a cultivated meat start-up based in Los Angeles, announced the completion of its state-of-the-art pilot plant, bringing the company a step closer to commercialization. 

Located outside of Los Angeles, California, the 15,000-square-foot facility can house bioreactors up to 10,000L in size and has an annual production capacity of 400 tons.

The plant executes Omeat's vertical integration approach, where consumers can enjoy a "farm-to-table" experience. Olymel's first product is 80% lean/20% fat ground beef, which is created without GMOs, immortalized cells, engineered...

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Nov 9 6:36 AM, UB Newswires


The Retail Rundown: Tuning in to Holiday Turkey Features

For this week's retail rundown, we're tuning in to holiday turkey features as Thanksgiving inches closer. Grocers are making room for the big bird in their meat cases and freezers for the millions of turkeys that will be gobbled down in two weeks. 

Seafood maintains the top spot among protein ads with 23.8% of features this week. Turkey ads captured nearly 9% of protein features this week, up from 6.9% the previous week. Within the turkey complex, frozen whole turkey features account for 56.5% of features, up from 25% a week...

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Nov 8 7:00 AM, UB Newswires


Corn Harvest Up to 81% Complete, Soybeans Near Completion

The corn harvest has reached 81% completion as of Sunday, November 5. This compares to the 5-year average of 77% at this time.

Most of the corn harvest typically wraps up in late November, though some states harvest well into December.

December corn is currently trading at $4.74 ¼ per bushel, down 3 cents. Traders and industry participants await Thursday’s USDA WASDE report, scheduled for release at 12:00 pm EST.

The soybean harvest is 5 points ahead of the 5-year average rate at 91% completion. Louisiana reports...

Full Story »
Nov 7 9:43 AM, UB Newswires


Bird Flu Infects Commercial Table Egg Layer Farm for First Time in 11 Months

A commercial table egg layer operation has tested positive for highly pathogenic avian influenza (HPAI), or bird flu, for the first time in eleven months. 

The impacted operation had 940,000 birds in Wright County, Minnesota, according to USDA data. The government lists the confirmation data as November 3, 2023. 

Prior to last week's detection, the latest commercial layer operation to be hit by bird flu was a farm with 239,700 birds in Weld County, Colorado on December 20, 2022...

 

Full Story »
Nov 7 8:00 AM, UB Newswires


Tyson Foods Recalls Nearly 30,000 Pounds of Frozen Chicken Nuggets

Tyson Foods, Inc. is voluntarily recalling nearly 30,000 pounds of its frozen, fully cooked chicken “Fun Nuggets” due to consumer complaints of small metal pieces in the chicken patty product.

The product was produced on September 5, 2023, and was sold to retailers in 29-ounce packages. 

In a notice issued Saturday, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) stated that the following product is subject to recall:

  • 29-oz. Plastic bag packages containing “Tyson FULLY COOKED FUN NUGGETS BREADED SHAPED CHICKEN PATTIES” with a Best...
Full Story »
Nov 6 7:25 AM, UB Newswires


The Retail Rundown: A Nod to November

Winter is seemingly giving a nod to November, as frigid and record-cold temperatures impact much of the central and southern United States this week.

While households hunker down for the colder weather, retailers are quickening the seasonal transition to comfort foods and indoor oven cooking. Moreover, grocers are gearing up for the inpouring of holiday shoppers now that  Thanksgiving is just three short weeks away.

The holiday centerpiece—turkey—is under close watch as highly pathogenic avian influenza (HPAI), also known as bird flu...

Full Story »
Nov 1 8:00 AM, UB Newswires


Latest Crop Progress Shows Corn Harvest 71%, Soybeans 85% Complete

In the latest Crop Progress report, the USDA shows 71% of corn is now harvested, up from 59% the week prior and surpassing the 5-year average figure by five percentage points. 

Nearby corn futures contracts are fractionally higher in early Tuesday trading.

85% of the soybean harvest is complete, up from the previous week's figure of 76%. This is two points behind year-ago progress but is seven points ahead of the 5-year average.

January soybeans were last trading 3 ½ cents higher at $13.11 a bushel...

Full Story »
Oct 31 9:33 AM, UB Newswires


Bird Flu Detected in Several U.S. Commercial Turkey Flocks Last Week

Last week, several commercial turkey operations spanning four states reported positive detections of highly pathogenic avian influenza (HPAI), a highly contagious and often fatal disease in birds. 

HPAI can be spread by direct or indirect contact with infected domestic or wild birds including ducks and geese. The disease can also be spread by contact with the virus on surfaces such as hands, shoes, clothing, and animal fur.

Poultry owners are urged to increase their biosecurity practices to protect their flocks, especially with fall migration underway.

California 

On October 26, HPAI was detected in...

 

Full Story »
Oct 30 6:41 AM, UB Newswires


ANALYSIS: Chicken Cold Storage Concludes Q3 on Unlevel Ground

The most recent chicken cold storage inventory figures leave room for interpretation depending on the timeframe and item in question. Year-over-year (YoY) comparisons for September were somewhat choppy, while the month-over-month (MoM) data generally aligned with historical expectations for this period.

Total inventories dropped by 3.4%, or 29.6 million pounds from last year. Still, at 844.3 million pounds, overall chicken holdings maintained the sixth-highest seasonal level in nearly three decades. This is saying a lot, especially when considering the underlying lack of public warehouse vacancy...

Full Story »
Oct 27 1:46 PM, Urner Barry


Nepal Added to USDA List of Regions Affected by African Swine Fever

In a notice issued earlier this week, the USDA Animal and Plant Health Inspection Service (APHIS) indicated that they have added the Federal Democratic Republic of Nepal to the APHIS list of regions considered to be affected by African swine fever (ASF). 

“We have taken this action because of the confirmation of ASF in the Federal Democratic Republic of Nepal,” said the government agency. The first outbreak of ASF in Nepal was reported by the World Organisation of Animal Health in May 2022...

Full Story »
Oct 27 7:06 AM, UB Newswires


Cold Storage: End Sep Combined Meat/Poultry -1.3% on Mo, -7.8% on Yr

USDA monthly cold storage data released Wednesday afternoon showed combined meat and poultry stocks held in the nation's freezer warehouses at the end of September at about 2.146 billion pounds, 1.3% below the previous month and 7.8% less than a year ago.

Turkey and pork stocks were below the previous month while chicken and beef were up from their respective August figures. Turkey stocks were up from a year ago while chicken, pork, and beef were smaller. The combined stocks were 9.3% below the five-year average of...

 

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Oct 25 3:25 PM, UB Newswires


The Retail Rundown: Roast Features Heat Up as Temperatures Dip

An early-season snowstorm has arrived for portions of the Northwest, bringing accumulations of up to a foot in areas including Mondana and North Dakota. The system is forecast to spread into the North Plains by midweek, according to the National Weather Service.

A cold front will bring frigid temperatures southeastward towards the week's end, with single-digit temperatures possible for some regions. In contrast, much of the central and eastern U.S. is experiencing near or above-average temperatures this week...

Full Story »
Oct 25 7:10 AM, UB Newswires


Corn Harvest Up to 59% in Latest Crop Progress Report

The corn harvest as of Sunday, October 22nd, was up to 59% completion, according to the latest USDA survey. This figure is on par with year-ago progress and is ahead of the 5-year average by five points. Corn in the mature stage has reached completion.

Nearby corn futures were last trading 3 cents lower per bushel.

76% of soybeans have been harvested so far this season, up from 62% the week prior. This figure exceeds the 5-year average by 9 points but is behind the year-ago figure...

Full Story »
Oct 24 9:57 AM, UB Newswires


CME Grain Futures Surge Amid Extreme Drought in Brazil, Pressuring Feeders Lower

Feeder cattle futures on the Chicago Mercantile Exchange plummeted to multi-month floors on Thursday, pressuring live cattle futures lower as well. 

Most active January feeders touched their lowest level since June 28 and finished $5.525 lower at $245.375 per cwt. December live cattle hit a one-week floor and settled down $1.90 to $185.30 per cwt. Yesterday's sell-off lowered feeder futures into oversold territory. 

A sharp rise in corn futures contributed to the downturn in feeders. December corn surged to the highest level since August and finished 13 cents higher at $5.05 a bushel...

Full Story »
Oct 20 7:21 AM, UB Newswires


US House Void of Speaker as Continuing Resolution Approaches Expiration

The US House remains without a speaker as the continuing resolution enacted by Congress on September 30 approaches its expiration on November 17.

The House voted to remove Kevin McCarthy as speaker of the House on October 3 after the government narrowly avoided a partial shutdown. For two weeks, legislative business in the House has come to a grinding halt as Republicans remain divided on electing a candidate. 

Ohio Congressman Jim Jordan remained short of the 217 votes needed to be elected speaker on Tuesday. The House is expected to...

Full Story »
Oct 19 7:38 AM, UB Newswires


JBS S.A. Unveils Brand Modernization for 70th Anniversary

In honor of its 70th anniversary, JBS S.A. unveiled its brand modernization to the company's visual applications. 

Starting next week, those located near the company's headquarters in São Paulo, Brazil can see the new changes, which were developed over three years in partnership with FutureBrand. 

The three letters of the company's name remain present but the writing and symbol that accompanies them have been modified. The parentheses around the letters represent hands, protection, and affection between JBS, customers, and consumers, according to the company...

Full Story »
Oct 19 7:11 AM, UB Newswires


The Retail Rundown: Keeping a Watchful Eye on Bird Flu

The threat of Highly Pathogenic Avian Influenza (HPAI) has resurfaced, with USDA reporting detections among commercial turkey flocks in South Dakota, Utah, and Minnesota earlier this month and again last week.

The fall migration of wild birds as they head south for winter could bring a new wave of infection, renewing concerns among market participants about the potential supply and trade implications of bird flu. The latest detections were on Friday, October 13, on two WOAH Non-Poultry operations located in North Dakota and Montana along with one commercial turkey...

Full Story »
Oct 18 7:11 AM, UB Newswires


Soybean Harvest Progressing at Rapid Pace in Latest Crop Progress Report

The corn harvest as of Sunday, October 15th, was up to 45% completion, according to the latest USDA survey. This figure outpaces 2022 progress by two points and is three points ahead of the 5-year average.

Corn in the mature stage is nearing completion at 95%. The condition of the corn crop was nearly unchanged from the previous week, with 29% rated fair, 43% good, and 10% excellent.

Nearby corn futures are trading 1 to 1 ¾ cents lower so far this morning...

Full Story »
Oct 17 9:31 AM, UB Newswires


Employees at St. Bernard Soap Company Brace for Mass Layoff in December

More than one hundred employees at the St. Bernard Soap Company, formerly owned by Procter & Gamble, are preparing for a mass layoff starting in December.

Established in Cincinnati, Ohio by Procter & Gamble in 1886, bar soap has been produced at the Ivorydale facility for more than 125 years. The facility employs over 250 people, according to the company's website.

P&G sold the facility in 2003, when it then became St Bernard Soap Company under which multiple brands were manufactured....

Full Story »
Oct 13 3:16 PM, UB Newswires


The Retail Rundown: Grocers Try to A-Maize Shoppers this October

October is abuzz with harvest activities and seasonal factors increasingly taking hold, including a transition to cooler weather cooking, particularly as chilly conditions begin to arrive for the West.

However, parts of the country are experiencing unusually warm weather so far this fall, with daily-record high temperatures recorded in areas of South Dakota and Indiana earlier this week.

This has allowed some consumers to extend the outdoor grilling season, considered supportive of meat sales. Moreover, protein consumption is benefitting from several demand drivers this month, including tailgating activities...

Full Story »
Oct 4 8:05 AM, UB Newswires


Corn and Soybean Harvests Both Up to 23% in Latest Crop Progress Report

Corn mature was up to 82% in the latest Crop Progress report, up from 70% the previous week and 7 points ahead of the 5-year average rate.

The corn harvest is up to 23% completion as of Sunday, October 1st. This is ahead of 2022 progress at this time as well as the 5-year average rate of 21%.

States leading the corn harvest include North Carolina with 86% of their harvest completed, Texas with 78%, and Tennessee with 58%...

The condition of the 2023 corn...

Full Story »
Oct 3 9:58 AM, UB Newswires


Supply Concerns Maintain Pressure on CME Lean Hog Futures

Lean hog futures on the Chicago Mercantile Exchange (CME) extended Friday’s steep declines on Monday, pressured by concerns about larger-than-anticipated supplies outlined in USDA’s quarterly data.

The government's latest hogs and pigs report, released Thursday, indicated the number of swine on U.S. farms as of September 1 at 74.319 million head, 0.3% above a year ago. This outpaced expectations for a 0.7% decline in the nation's herd, based on Urner Barry's survey of analysts. 

Prior to the report, the December contract advanced to $76.10 per cwt, a one-week high...

Full Story »
Oct 3 7:00 AM, UB Newswires


Congress Avoids Partial Government Shutdown Hours Before Deadline

Just hours before the October 1, 12:01 a.m. deadline, Congress approved a stopgap spending bill to avoid a partial government shutdown. President Biden signed the deal into law Saturday evening, extending government funding until November 17.

The package was approved by the House 335-91 while the Senate voted 88-9. It increases disaster relief money by $16 billion and extends authorization for the Federal Aviation Administration through the end of this year.

The legislation does not include additional aid to war-torn Ukraine. President Biden has called on the Speaker to...

Full Story »
Oct 2 6:45 AM, UB Newswires


USDA Works to Update Contingency Plans Ahead of Possible Partial Government Shutdown

Time is rapidly winding down for Congress to avert a partial government shutdown, which will begin on Sunday if lawmakers fail to reach an agreement on spending legislation or approve a stopgap bill known as a continuing resolution (CR), to extend funding through November 17. 

As the Democratic-led Senate and House Republicans continue to work at odds, the U.S. Department of Agriculture (USDA) is preparing for a potential partial shutdown that could cause widespread disruptions for millions of Americans and impact key reports that protein traders rely on to conduct their day-to-day businesses...

Full Story »
Sep 29 6:55 AM, UB Newswires


What the Potential Government Shutdown May Mean for Agricultural Price Reporting 

A potential government shutdown is just days away, raising concerns among those who depend on critical data to make timely market assessments and business decisions. A shutdown will begin on October 1 at 12:01 a.m., the start of the federal fiscal year, if Congress does not pass a funding plan that President Biden signs into law.

The Senate is currently preparing its own bipartisan plan for a stopgap measure to keep offices funded after Saturday’s deadline. Failure to reach an agreement on a continuing resolution (CR) to keep the federal...

 

Full Story »
Sep 27 8:00 AM, UB Newswires


The Retail Rundown: Pork and Seafood Share the Spotlight Next Month

Pork and seafood will share the spotlight next month, as October is recognized as both National Pork Month and National Seafood Month. Retailers are expected to increase feature volume for the two proteins in the weeks ahead to promote spending this fall. 

October is reserved for National Pork Month to help move product when hog supplies are large. While a seasonal expansion in supplies typically takes place around this time of year, ongoing liquidation efforts may keep a lid on supplies this fall and winter.

Weekly hog slaughter levels...

Full Story »
Sep 27 6:39 AM, UB Newswires


Corn and Soybean Harvests Remain Ahead of 5-Year Avg

The corn harvest in the 18 major producing states made further progress last week and remains ahead of a year ago and the five-year average.

The same can be said about the soybean harvest. It is early in the harvest season and farmers may face weather-related delays that could slow their progress versus historic levels in the weeks ahead. 

USDA data released Monday showed corn harvest in the top 18 producing states as of Sunday at 15%, up from 9% the previous week and above 11%...

Full Story »
Sep 26 10:18 AM, UB Newswires


Construction Breaks Ground at JBS' First Cultured Protein Center in Brazil

Construction has broken ground at JBS' Biotech Innovation Center, the first and largest Research, Development, and Innovation Center for cultured protein and food biotechnology in Brazil. 

The center, which is expected to be inaugurated at the end of next year, will be located within the Sapiens Parque innovation park, in Florianópolis. It will employ a team of 25 postdocs in addition to administrative support staff.

Two of Brazil's leading bioengineering specialists, Dr. Luismar Marques Porto, president of the Cultured Meat Division and the JBS Biotech Innovation Center, and...

Full Story »
Sep 25 7:45 AM, UB Newswires


WTI Oil Prices Dip Below $90 a Barrel Following Fed Comments

West Texas Intermediate (WTI) crude futures slipped below $90 a barrel at midweek after the Federal Reserve signaled that one additional rate hike is possible this year.

In a widely anticipated move, the central bank maintained the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. Fed officials re-emphasized they are "strongly committed to returning inflation to its 2 percent objective."

The central bank has raised rates 11 times since March 2022. After peaking in June 2022 at 9.1%, U.S. inflation...

Full Story »
Sep 21 7:29 AM, UB Newswires


The Retail Rundown: Fall-ing into Seasonal Trends

It’s the end of an era…or at least, a season. Pumpkin everything has already been underway for a couple of weeks and the fall equinox officially arrives on Saturday, September 23rd.

Grocers are increasingly highlighting autumn retail trends consistent with indoor oven cooking, resulting in shifting feature volume from grilling cuts to cooler-weather items like roasts.

Beef roasts have seen a notable uptick in feature volume since the beginning of the month, currently claiming 22% of total beef ads. Comparatively, the roast category accounted for 14% of beef ads...

Full Story »
Sep 20 7:05 AM, UB Newswires


Corn Harvest Slightly Outpacing Year-Ago and 5-Year Avg

Corn harvest in the 18 major producing states made further progress last week and is slightly outpacing a year ago and the five-year average.

The soybean harvest is one point ahead of the five-year average. However, it is early on in the harvest season and weather-related delays could slow farmers’ progress versus historic levels in the weeks ahead.

USDA data released Monday showed corn harvest in the top 18 producing states as of Sunday, September 17 at 9%, up from 5% the previous week and 7%...

Full Story »
Sep 19 9:47 AM, UB Newswires


Hormel Workers Reject Latest Offer, Contract Extension in Place Until October

Union workers at the Hormel Foods plant in Austin, Minnesota voted to reject a final offer from the company. Voting took place last week from September 13 and 14 at the plant and UFCW union hall in Austin. 

UFCW Local 663, which represents over 17,000 retail, meat packing and processing, food preparation and manufacturing, healthcare, and other workers in Minnesota, issued the following statement on Friday: 

"This week our coworkers voted overwhelmingly to reject Hormel's final offer to us. It's simply not good enough. We stand united, and...

Full Story »
Sep 18 7:32 AM, UB Newswires


Olymel Continues Consolidation Efforts, Announces Closure of Two Further Processing Plants

On Wednesday, Olymel announced the definitive closure of two of its further processing plants as part of the company's ongoing efforts to streamline its operations and ensure profitability across its facilities. 

Olymel is the leading producer, processor, and distributor of pork and poultry in Canada. It has production and processing facilities in QuebecOntarioAlbertaSaskatchewan, and New Brunswick. 

In its fresh pork sector, Olymel announced the closure of its boning and packaging plant in Princeville, Centre-du-Québec. The facility is slated to close on November...

Full Story »
Sep 15 7:13 AM, UB Newswires


Russia and China Planning to Construct Bordering Grain Terminal 

Over the four-day Eastern Economic Forum held in Vladivostok, Russia from September 10-13, Chinese and Russian officials signed multiple deals to enhance trade flows between the two countries. 

This includes the construction of a new grain terminal, called the Grain Terminal Nizhneleninskoye-Tongjiang, as reported by the South China Morning Post. The terminal will help export food produced in the Ural Mountains, Siberia, and Russia’s Far East to China. 

The new logistics hub will be located between Vladivostok, a major port city in Russia, and China’s northeastern province of...

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Full Story »
Sep 14 9:30 AM, UB Newswires


The Retail Rundown: Checking on Chicken; Latest Inflation Reading

For more than thirty years, the National Chicken Council (NCC) has partnered with major U.S. chicken producers to promote chicken sales this month—leading to September being crowned as National Chicken Month.   

In what was historically regarded as a slow period for poultry sales following the conclusion of summer grilling, increased in-store promotions and ad campaigns including chicken-centric recipes have helped extend the robust summer consumption season into September since the program's inception in 1989.

The number of chicken items found in advertisements this week based on Urner Barry's... 

Full Story »
Sep 13 9:28 AM, UB Newswires


The 2023 Corn Harvest Is Officially Underway

The week ending September 10th marked the first week of measurable corn harvest in the United States for 2023.

The USDA reports that 5 percent of this year’s corn crop has been harvested so far, which is on par with a year ago at this time and one point ahead of the 5-year average. Texas reports 62 percent of its corn crop has been harvested, while North Carolina has harvested 49 percent. Seven of the 18 primary corn-producing states have yet to begin their harvest activities...

Full Story »
Sep 12 10:25 AM, UB Newswires


Union Workers at Austin Hormel Plant Scheduled to Vote on Final Offer from Company 

Union workers at the Hormel plant in Austin, Minnesota are scheduled to vote on a final offer from the company tomorrow and Thursday. The current contract with the company expired on Sunday, September 10.

In a statement issued Sunday, the UFCW Local 663 bargaining committee unanimously recommended a "no" vote on the final offer by Hormel. The union said that the company refused to give workers appropriate wages and pensions despite record profits.

Last month, Hormel Foods Corporation (NYSE: HRL), reported results for the third quarter...

Full Story »
Sep 12 6:46 AM, UB Newswires


Louisville CBP Agriculture Specialists Intercept Shipments with Prohibited Meat

U.S. Customs and Border Protection (CBP) Agriculture Specialists at the Louisville Port of Entry in Kentucky stopped 13 shipments containing Porky Pig’s Porky Pig’s relatives not declared in boxes from Hong Kong. 

From August 20 to August 28, Agriculture Specialists intercepted the shipments, which were heading to the same company in Bellerose, New York. Each shipment contained pork items, some contained pork and poultry items, and one contained pork and other prohibited food, according to the CBP.

A total of 1,104 pounds of pork, 298 pounds of poultry, and 88 pounds of prohibited foods were seized...

Full Story »
Sep 11 7:24 AM, UB Newswires


Live Cattle and Feeder Futures Extend Their Midweek Gains, Hit New Highs

The cattle complex extended its midweek gains on the Chicago Mercantile Exchange Thursday, sending feeder futures to fresh contract highs. 

October live cattle surged to a seven-week ceiling and finished 95 cents higher at $183.65 per cwt. October feeders were up $2.40 to $258.875 per cwt, beating out the previous contract high made early last week...

Corn futures were trading flat to fractionally higher at the closing bell for livestock futures and likely had minimal impact on the feeders' futures action...

Full Story »
Sep 8 7:31 AM, UB Newswires


Hot and Dry Weather Boosting Crop Development in Corn Belt

In the latest Crop Progress report, corn conditions were downgraded with 53 percent now in good to excellent condition, down three points from the previous week. Corn rated in poor to fair gained those points, now totaling 41 percent.

Corn in the dough stage of growth is nearly complete at 93 percent, one point ahead of the 5-year average rate. Corn dented is up to 67 percent, beating the average pace by 2 percentage points.

Corn reaching the mature stage is reported at 18 percent, double that of week-ago progress and outpacing the 5-year average rate by two points...

Full Story »
Sep 6 9:15 AM, UB Newswires


The Retail Rundown: Seasonal Shifts in September

From back-to-school shopping to the return of NFL season, September ushers in a flurry of buying occasions for the retail sector as seasonal shifts in consumer buying behaviors begin to take hold. 

Purchases for school lunches, snacks, and extracurricular activities lift sales at the deli counter and prepared and frozen foods sections of the grocery store. Last week, the lunchmeat category earned $95.9 million in total sales, up from $67.4 million the week prior. Roasted turkey continued to drive deli service sales and retailed at $10.64 discounted, up 79 cents from...

Full Story »
Sep 6 7:15 AM, UB Newswires


The Retail Rundown: 2023 Labor Day Feature Rundown

In the final push before Labor Day weekend, grocers are touting grilling items and party staples as consumers celebrate the last big summer occasion of the season.

Pork and seafood features each account for about 26% of total retail buying opportunities this week. Beef closely follows with 25.6% of feature volume while chicken comes in with 18% of ad space. Egg feature volume saw a noticeable slowdown to 0.7% this week, down from 3.2% the week prior and 4.1% two weeks back.

Ribs and bacon account for the bulk of pork's feature...

Full Story »
Aug 30 8:53 AM, UB Newswires


Minerva Foods' Acquisition of Marfrig's Plants to Expand its Capacity by About 44%

Minerva Food’s acquisition of most of Marfrig’s cattle slaughtering and deboning plants in South America will expand its capacity by about 44%, according to the company. Prior to the $1.54 billion deal, which was announced Monday, Minerva Foods could process 29,540 head of cattle per day. 

After Brazilian meatpacker Marfrig sold 16 of its slaughtering plants to its rival Minerva, Minerva's cattle slaughtering and deboning capacity swelled to 42,439 head per day. This will result in an excess of Brazilian real (BRL) 50 billion to the company's current...

Full Story »
Aug 30 7:53 AM, UB Newswires


Corn Growth Slightly Ahead Average Rate; Conditions Downgraded

In the latest Crop Progress report, corn in the dough stage was reported to have reached 88%, which is slightly ahead of past progress benchmarks. Corn dented was up to 51% stage completion, ahead of the 5-year average of 49%.

Corn mature was reported at 9%. This beats out the 5-year average of 8% and 2022 progress of 7%. 13 of the 18 primary corn-producing states reported some level of matured corn in the latest report.

Corn conditions were downgraded two points from the previous week, with 56% in...

Full Story »
Aug 29 10:18 AM, UB Newswires


Oil Futures Climb as Idalia Strengthens Into a Hurricane

Oil futures climbed on Monday as traders eyed potential disruptions to crude production in the Gulf Coast, which accounts for over 47% of total U.S. petroleum refining capacity, according to the U.S. Energy Information Administration (EIA). 

Tropical Storm Idalia strengthed into a hurricane Tuesday and is expected to make landfall in Florida by tomorrow. Idalia may produce tornadoes along the west central Florida coast today and could intensify to a Category 3 hurricane, according to the National Hurricane Center. Category 3 is considered a major hurricane with sustained winds of at...

Full Story »
Aug 29 7:10 AM, UB Newswires


USDA Makes $123 Million in Grants Available for Meat and Poultry Processors

The U.S. Department of Agriculture (USDA) Rural Development, partnering with the New Hampshire Community Loan Fund, has made $123 million in grants available through the Meat and Poultry Processing Expansion Program (MPPEP) Phase 2

The first round of the Meat and Poultry Processing Expansion Program began in November 2022, when the Biden-Harris Administration invested $73 million in 21 grant projects. 

MPPEP provides grants to help eligible processors expand their processing capacity. USDA Rural Development designed the MPPEP "to encourage competition and sustainable growth in... 

Full Story »
Aug 25 7:21 AM, UB Newswires


Record Breaking Heat Across Central U.S. Poses Risks to Livestock, Crops

The extreme heat impacting a large portion of the country this week has posed significant challenges for producers and their livestock. 

Highs into the upper 90s and low 100s are forecast for a broad region between the Midwest and central Gulf Coast today, according to the National Weather Service. Coupled with high humidity levels, heat indices could approach 120 degrees in some regions. While it's not unusual for August to experience heat, the current temperatures have shattered records. 

Over 110 million people across 20 states are currently under heat... 

Full Story »
Aug 24 8:15 AM, UB Newswires


Cold Storage: End July Combined Meat/Poultry -0.9% on Month, -4.3% on Year

USDA monthly cold storage data released Wednesday afternoon showed combined meat and poultry stocks held in the nation's freezer warehouses at the end of July at 0.9% below the previous month and 4.3% under a year ago.

The combined stocks were down 5.7% from the five-year average of 2.314 billion pounds. Chicken and turkey stocks were up from a year ago. Beef and turkey were higher than the month prior. 

POULTRY

Chicken stocks were reported at 847.6 million pounds, down 1.4% from the previous month and...

Full Story »
Aug 23 3:25 PM, UB Newswires


The Retail Rundown: Looking Towards Labor Day

Labor Day weekend is drawing near and grocers are busy securing orders for the final major retail buying occasion of the summer season. For this week's retail rundown, we'll take a look at wholesale price action and how it may influence holiday promotions at retail.

In the wholesale beef market, Urner Barry's Choice beef cutout has advanced by nearly 4% so far in August following a correction from seasonal all-time highs in mid-June and throughout July. The Choice cutout is currently down about 6.5% from its summer peak but is nearly 16%...

Full Story »
Aug 23 7:00 AM, UB Newswires


Corn Conditions Slightly Downgraded; Soybeans Hold Steady 

In the latest Crop Progress report, corn in the dough stage was reported to have reached 78%, which is ahead of past progress benchmarks. Corn dented was up to 35% stage completion, also ahead of the 5-year average of 33%.

For the first time this season, we have figures for corn mature, at 4%. This is on par with the 5-year average and 2022 progress. 10 of the 18 primary corn-producing states reported some level of matured corn in the latest report.

Corn conditions were downgraded one point from the...

Full Story »
Aug 22 9:45 AM, UB Newswires


Three Brazilian Meat Processing Plants Given Approval to Ship to Dominican Republic

Earlier this month, Brazil’s Minister of Agriculture and Livestock announced that the Dominican Republic has allowed imports of pork and beef produced in Brazil. 

Three Brazilian plants in the states of Acre, Santa Catarina, and Rio Grande do Sul were approved to ship to the Dominican Republic. Additional establishments in Rio Grande do Sul, Santa Catarina, and Paraná are also under consideration, announced Brazil's Ministry of Agriculture on August 9. 

"The Dominican Republic is a market with high demand, which has faced severe challenges with the record of ...

Full Story »
Aug 22 8:25 AM, UB Newswires


USDA Cattle: Aug 1 On Feed 2.3% Below Year Ago, July Placements -8.3%

USDA's monthly on-feed report released Friday showed the number of cattle in U.S. feedyards with a capacity of 1,000 or more head as of Aug. 1 at 2.3% below a year ago, slightly under the average of analysts' estimates.

Placements in July were reported at 91.7% of a year ago, about 2.8 percentage points below the average guess. The range of the guesses for placements was 3.5% to 9.6% under a year ago.  

Marketings for July were reported at 94.7% of the year-ago figure, very... 

Full Story »
Aug 21 7:55 AM, UB Newswires


Wheat Futures Rise Following Alleged Drone Attack on Moscow

Wheat futures on the Chicago Mercantile Exchange advanced by nearly 2% early Friday, boosted by mounting concerns over global supplies following an alleged drone attack on a building in central Moscow earlier in the day, according to media reports. 

December wheat reversed Thursday’s losses and narrowly surpassed $6.28 per bushel. This, however, was down sharply from its week-ago settlement price of $6.53 ¾ per bushel. Wheat prices have generally been on a steep downtrend since surging to $7.96 per bushel in late July, a five-month high... 

Full Story »
Aug 18 7:05 AM, UB Newswires


Leading Nicaraguan Beef Processors Remain Committed to Cattle Traceability, Responsible Ranching

Amidst recent international media attention, leading Nicaraguan beef processors have reiterated commitments to responsible ranching and traceability.

PATROL, a 2023 documentary, explores claims from communities in Nicaragua stemming from environmental conflict, including illegal cattle ranching on the rainforests of the Indio Maíz Biological Reserve.

Actor Leonardo DiCaprio promoted PATROL on Instagram, sparking conversations among many on the social media platform, questioning if cattle produced on illegally converted lands in Nicaragua could be unwittingly consumed by American households. More than 95% of the beef Nicaragua produces is exported primarily to...

Full Story »
Aug 17 10:00 AM, UB Newswires


Stock Futures Rebound Early Thursday Following Fed Minutes from July Meeting, Walmart Earnings 

On Wednesday, the Federal Reserve released minutes from its latest policy meeting that took place on July 25-26, contributing to a lower close in stock futures at midweek as traders weighed the potential for additional interest rate hikes. The next FOMC meeting is scheduled for September 19-20. 

"In their discussion of current economic conditions, participants noted that economic activity had been expanding at a moderate pace. Job gains had been robust in recent months, and the unemployment rate remained low. Inflation remained elevated," said the minutes...

Full Story »
Aug 17 7:30 AM, UB Newswires


Argentina's Secretary of Agriculture Denies Meat Export Ban Shortly After Announcement 

On Tuesday, Argentina announced a 15-day ban on beef exports in an effort to moderate prices amid surging inflation and a steep devaluation of the peso.

Argentina's central bank devalued its exchange rate by 18% on Monday after outsider candidate Javier Milei won a primary election on  August 13. The country's government is attempting to stop the sharp devaluation from impacting everyday prices for local consumers.

However, shortly after the ban was announced, the Secretary of Agriculture Juan José Bahillo denied the suspension, stating that negotiations are underway with the Ministry of Economy of Argentina...

Full Story »
Aug 16 7:33 AM, UB Newswires


The Retail Rundown: Egg-celerated Features Boost Spending

School is already in session for some students, giving consumers a sense of urgency to embark on one last vacation before August wraps. For the retail grocery sector, the lead-up to September will be used to promote back-to-school shopping along with grilling must-haves for Labor Day weekend. 

Last-minute getaways support foodservice spending as consumers flock to tourist destinations and dine out. For grocers, back-to-school shopping typically drives store traffic as families restock on breakfast, lunch, and snack items. Eggs, a quintessential breakfast staple, have seen...

Full Story »
Aug 16 7:00 AM, UB Newswires


Aug 1 Cattle On Feed Projected 1.6% Under Year-Ago

Market analysts and economists participating in the Urner Barry monthly cattle on feed survey predicted on average the Aug. 1 on-feed number at 1.6% below a year ago. On-feed estimates ranged from 98.0% to 99.1% of year-ago levels. 

USDA will release its monthly on-feed report at 3 pm Eastern time Friday.

Placements of young cattle in July were predicted on average at 5.5% below a year ago. The range of guesses was from 3.5% to 9.6% under a year ago.

Marketings, or those shipped out for slaughter...

Full Story »
Aug 15 9:48 AM, UB Newswires


Corn and Soybean Condition Ratings Improved in Latest Crop Progress Report

Corn conditions saw a modest improvement in the latest Crop Progress report. The USDA reported corn in good to excellent condition totaled 59%, up from 57% the previous week.

Corn in the silking stage was reported at 96%, on par with the 5-year average. Corn dough was up to 65%, two percentage points ahead of the 5-year average. Corn dented more than doubled progress from the previous week, at 18%. This matches the 5-year average and outpaces the year-ago progress of 15%.

Soybean conditions also saw improvements with 59% rated...

Full Story »
Aug 15 9:31 AM, UB Newswires


Ukraine's Navy Announces Temporary Corridors for Black Sea Vessels

Ukraine's Navy recently announced "temporary corridors" for merchant vessels destined for and departing from Ukrainian ports in the Black Sea.

The specified routes will primarily be used for the possibility of leaving civilian ships that have been in the Ukrainian ports of Chornomorsk, Odesa, and Pivdennyi since the beginning of the full-scale invasion of Russia on February 24, 2022,” said Thursday's post.

The routes were previously proposed by Ukraine to the International Maritime Organization (IMO). 

Yesterday's announcement acknowledged military threats and mine danger from Russia along these routes. Moscow pulled out of the UN-backed...

Full Story »
Aug 11 7:10 AM, UB Newswires


Annual CPI Reported at 3.2% in July, Slightly Under Expectations

The U.S. Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) report for July, showing the index up 3.2% on the year. The latest data was slightly below expectations, which anticipated annual inflation to be 3.3% following a 3.0% rise in June. 

July's figure snapped a 12-month string of easing inflation but remains well below its June 2022 peak of 9.1%—the highest rate in four decades. 

On a monthly basis, inflation gained 0.2% in July, in line with expectations. The index for shelter was the largest contributor to the monthly all items increase, accounting for over 90% of the increase, according to the BLS...

Full Story »
Aug 10 8:50 AM, UB Newswires







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Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

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