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REPORTER: FOODSERVICE: The Main Driver For Rising Prices

This article was originally featured in the Summer 2021 Edition of Urner Barry's Reporter magazine.

Foodservice is undoubtedly recovering faster than anticipated. Rapid price increases at the wholesale level are possibly the best indicator to help identify the recovery trend. The “pent-up” demand from foodservice operators as restaurants and bars reopen across the U.S. has been one of the main drivers for such price acceleration from late February and early March to early June. However, price trends during the previous months were still somewhat supportive for many animal proteins.

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Jul 14 8:40 AM, Urner Barry



Urner Barry's Reporter Summer 2021 Issue Released; Read It Online For Free Now

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Jul 13 8:34 AM, Urner Barry


REPORTER: Manufacturing Holds Egg Products Market Together as Foodservice Demand Returns

This article was originally featured in the Summer 2021 Edition of Urner Barry's Reporter magazine.

COVID-19 had various impacts on the egg market since Q1 of 2020. Most of the attention was on the record breaking prices of shell eggs during the early stage of the national lockdown, but perhaps the most impactful change surrounded the demand for egg products. As consumers packed their refrigerators and cooked more at home, demand for egg products associated with the foodservice and institutional sector was slashed. This channel absorbs...

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Jul 13 8:23 AM, Urner Barry


REPORTER: As Plant-Based Demand Skyrockets, Innovators Think Beyond the Burger

This article was originally featured in the Summer 2021 Edition of Urner Barry's Reporter magazine.

There is no doubt that burgers and sandwiches are the most popular items ordered by consumers when dining out. In fact, according to the NPD Group, burgers were included in 13.5% of all restaurant orders in the year ending 2020, which translates into 7 billion servings of burgers. Chicken sandwiches were included in 6.7% of all restaurant orders in the U.S., which amounts to 3.5 billion servings. With that in mind, it comes as...

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Jul 13 8:23 AM, Urner Barry


REPORTER: Protein Markets Continue to Battle Container Shortages, Logistical Hiccups

This article was originally featured in the Summer 2021 Edition of Urner Barry's Reporter magazine.

"It's really bad. There is no other way to characterize it."

CNBC editor and author Lori Ann LaRocco provided a bleak but accurate representation of the shipping container issues impacting businesses over the past year in her latest interview on Urner Barry’s Market Digest Podcast.

The shortage of shipping containers has been well-documented during the pandemic, and weather incidents and the massive Suez Canal jam...

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Jul 13 8:22 AM, Urner Barry


REPORTER: Working From Home Could Signal New Trends in Egg Consumption

This article was originally featured in the Spring 2021 Edition of Urner Barry's Reporter magazine.

2020 is a year that will undoubtedly live forever in the minds of those who endured its many trials, conjuring ruminations of toilet paper shortages, driveby birthday celebrations, and our collective fascination with “Joe Exotic,” a mullet-wearing zookeeper. But as the adage goes, “this too shall pass.” And as we turn the page to 2021...

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Mar 25 8:38 AM, Urner Barry


REPORTER: Industry Veterans Come Together to Open Colorado Lamb Processors

This article was originally featured in the Spring 2021 Edition of Urner Barry's Reporter magazine.

As Easter and Passover approach, one cannot help but to think about lamb when planning a holiday meal. This year, there’s a good chance you could be eating lamb that has passed through the country’s newest lamb harvesting facility—Colorado Lamb Processors in Brush, Colorado.

Colorado Lamb Processors, which opened in September 2020, is the first new lamb processing facility to be built in the...

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Mar 23 9:03 AM, Urner Barry


REPORTER: St. Patrick's Day, The Irish Way

This article was originally featured in the Spring 2021 Edition of Urner Barry's Reporter magazine.

It’s no surprise that St. Patrick’s Day piques consumer interest around the world. St. Patrick’s Day celebrations date as far back as the late 1700’s. However, instead of being the social holiday it’s now known as, up until the late 1900’s St. Patrick’s Day was a religious holiday to commemorate the life of Saint Patrick, the Patron Saint of Ireland. Before the 1990’s most of the country of Ireland was closed to celebrate the holiday. But due to tourism in the country there was a shift and guidelines began to change. This is when most of the festivities became focused on food and celebrations. The country of Ireland knew they had a lot to offer and show off surrounding the holiday and instead of closing down, they used the day to showcase and share the Irish culture...

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Mar 17 8:21 AM, Urner Barry


Urner Barry's Reporter Spring 2021 Issue Released; Read It Online For Free Now

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Mar 17 8:01 AM, Urner Barry


REPORTER: Q3 Pork: Hot Prices and Frigid Freezer Inventories

With COVID-19 concerns continuing throughout the third quarter and into the fourth quarter of 2020, areas such as boning-line labor, foodservice and recreational activities, cold storage, and production were all affected. The Pork Carcass Cutout noted an uncharacteristic price rally between July and October 2020, increasing by around 31.6%. Looking at the past, the 5-year and 10-year averages saw declines around 12% during this timeframe, while in 2019 the cutout saw a moderate increase of 3.8% for the respective time period...

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Jan 4 8:53 AM, Urner Barry


REPORTER: Starting Out 2021 With a Little Bit of Luck

5, 4, 3, 2, 1... Happy New Year!

Each year we count down the clock to ring in the new year. People all over the world use the time to set new goals and life changes with the hopes of a prosperous and fortunate year ahead. And with the chaos that 2020 brought with it, it wouldn’t be too crazy of an idea for some to follow some old superstitions leading into 2021— like eating pork for luck!

Many cultures throughout the world have different food traditions that they believe to bring them...

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Dec 31 8:21 AM, Urner Barry


REPORTER: Egg Product Markets Rally to Second Half Highs

Though retail demand for shell eggs has run significantly above average since the peak pandemic period, foodservice demand has struggled to return to normal volumes. As much as 22% of all U.S. production is destined for this channel, around 7% being shell eggs and the rest going into the sector in the form of egg products.

Processors have been forced to reduce outputs over the last eight months, evident in the USDA’s Eggs Processed Under Federal Inspection report, which showed total cases broken running at about 1.1 million a week from...

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Dec 31 8:17 AM, Urner Barry


REPORTER: Wings Fly in the Face of Adversity

No year has tested Americans love for chicken wings like 2020. Rewind to March and the outlook for this line appeared bleak. The country and much of the world began to shut down one by one with the virus running rampant. March Madness had just been canceled, which many in the industry know is a historical boost to wings after the typical post-football season lull in February. Panic spread like wildfire as buyers who had been stocking up for the tournament were now caught flat footed. Prices began to degrade...

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Dec 30 8:25 AM, Urner Barry


REPORTER: 3 Sprouting Plant Protein Brands to Watch in the New Year

2020 challenged cyclical norms across the global economy. An extended term of unwanted volatility and negative media coverage for conventional proteins became an opportunity for players in the plant protein market to thrive. Driving health and wellbeing into the focus for consumers around the globe, COVID-19 ignited a desire for increased options in food selection and further revealed preferences for sustainability and innovation. As countless entrepreneurs and investors clammer for a piece of the plant protein industry, three specialized brands have emerged with growth and...

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Dec 30 8:22 AM, Plant Protein


Urner Barry's Reporter Winter 2021 Issue Released; Read It Online For Free Now

A brand new issue of Urner Barry's Reporter is out! Volume 16, Number 1 is our first issue of 2021 and focuses on how the coronavirus pandemic is changing the way we work, shop and dine. This issue of the magazine features an interview with John Hott, the new CEO of Prestage Foods; a look at how restaurants like Taco Bell, Burger King and McDonald's are changing their layouts; and a break down of the future of grocery shopping with Amazon's new Amazon Fresh stores...

 

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Dec 29 8:02 AM, Urner Barry


REPORTER: Chicago Gets Creative to Help Restaurant Industry

This article was originally featured in the Winter 2021 Edition of Urner Barry's Reporter magazine.

The restaurant industry has encountered its share of adversity during the COVID-19 pandemic. From lockdowns to dine-in restrictions, the industry has had to roll with the ever-changing landscape. Many restaurants have survived thus far by pivoting away from their standard way of business in favor of al fresco dining. Conventional patios, sidewalks, parking lots and even streets have been re-imagined for today’s dining customer. Outdoor dining has been an attractive way for...

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Dec 24 8:35 AM, Urner Barry


REPORTER: Protein Industry Facing Logistical Hiccups During the Pandemic

This article was originally featured in the Winter 2021 Edition of Urner Barry's Reporter magazine.

Add logistics to the laundry list of problems the coronavirus pandemic has thrown at the protein industry.

Throughout the pandemic, the protein industry faced multiple hiccups from a logistics standpoint. Labor has been an
issue at essentially every link in the supply chain. Domestically, meat plants have dealt with outbreaks. Meanwhile overseas, labor shortages at ports have stalled shipments and, in some cases, led to product heading back stateside...

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Dec 24 8:31 AM, Urner Barry


REPORTER: Are “Dark Stores” the Future of Grocery Shopping?

Grocery stores closed to the public? That may be the future as more consumers look to get their food sent right to their doorsteps.

The surge in online grocery shopping has led several top retailers to create “dark stores,” which may look like grocery stores on the outside, but are solely in operation to fulfill online and pickup orders.

Throughout the pandemic many retailers opened up dark stores to keep up with online orders, generally as a
temporary solution to consumers looking to remain at home over coronavirus fears...

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Dec 24 8:30 AM, Urner Barry


Get to Know Players in the Plant Protein Market: Planterra Foods

One of the fasted growing plant protein brands in the industry has achieved a remarkable 6% market share in a brisk 13-week period. Colorado based Planterra Foods, a subsidiary of Brazilian food giant JBS, has taken the plant-based market by storm with its OZO brand product line of burgers, ground, sausages, and meatballs.

Prior to its debut, OZO had an interesting start as a whiteboard drawing during a design brainstorming session. During the session, a team member at Planterra Foods first drew a globe representing the earth. Another team member added a second circle representative of...

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Dec 23 8:39 AM, Urner Barry




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