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ANALYSIS: Fresh 50s Trend Sharply Lower

The market for fresh 50s closed sharply lower for the second day in a row. The weighted average moved about 21% lower on Tuesday and another...

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Apr 3 8:26 AM, Urner Barry



ANALYSIS: Pork Bellies Collapse to 1999 Levels

The last time pork bellies were trading at this level, you were probably more concerned with Y2K than what to do with excess bellies. We’re forced to turn the history books back to 1999 to see...

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Apr 2 8:19 AM, Urner Barry


Asian Consumers Are Rethinking How They Eat Past COVID-19 

Consumers across Asia have signaled their eating habits may change permanently once the world moves beyond the impact of the novel coronavirus (COVID-19). In an exclusive Nielsen study of 11 Asian markets, only Japanese consumers say they are less likely to change their eating habits as a result of the global pandemic.

The study, the first in a wave of Nielsen explorations underway across 74 markets, indicates that consumers in Chinese mainland, Hong Kong, South Korea, Malaysia and Vietnam will rethink and re-prioritize the place eating at home has in their lives. In Chinese mainland, 86% said they would eat at home more often than before the outbreak. In other markets, a similar trend was observed with 77% of consumers in Hong Kong planning to eat at home more often than...

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Mar 31 8:17 AM, General News


Retail Fresh Produce Demand Soars, but Landmines Remain During Coronavirus Pandemic 

The COVID-19 situation has created a surge in fresh produce demand in retail grocery, but challenges around foodservice, logistics, macroeconomics, and labor availability pose ongoing threats. While fresh produce sales through foodservice channels have largely dried up, consumers continue to stock up on grocery items, including fresh produce.

Logistics have been strained, both globally and domestically, but the industry is adapting rapidly. The imminent global recession and rapid climb in the value of the US dollar will continue to threaten global demand, even after the virus is contained. Labor availability constraints and increases in...

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Mar 31 8:16 AM, General News


ANALYSIS: Assessing COVID-19’s Initial Impact on the Chicken Market

Although COVID-19 is a relatively new challenge here in the US, its acute and unparalleled impact on spot market dynamics cannot be overstated...

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Mar 27 8:34 AM, Urner Barry


ANALYSIS: Heightened Buyer Urgency Contributing to Reduced Turkey Stocks

Despite the pre-occupation with COVID-19 and its impact on the global protein markets as a whole, turkey freezer stocks are providing...

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Mar 26 8:26 AM, Urner Barry


Meat Sales Surged 77% the Week of March 15 Amid Growing COVID-19 Cases

The week ending March 8 saw a fast acceleration of meat sales in dollars, units and volume. As the number of school closures, social distancing guidelines and other COVID-19 related measures significantly sharpened the subsequent week, sales surged along with it. Thanks to the heroic efforts of everyone in the meat and poultry industry, the supply kept flowing. Retailers restocked their meat cases again and again as shoppers across the country stocked up on meat and poultry to feed their families nutritious meals.

Meat department sales without deli meat were up an incredible 76.9% over the week ending March 15, 2020 versus the comparable week in 2019, according to data insights firm IRI, and deli meat sales advanced...

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Mar 26 8:17 AM, General News


ANALYSIS: Shell Egg Prices Soar to Record High Levels as COVID-19 Demand Persists, Inventories Drop

U.S. shell egg prices soared to fresh all-time highs today, as retail demand continues to come in at levels never-before seen due to COVID-19. The early round of buying witnessed a few weeks ago was...

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Mar 25 8:25 AM, Urner Barry


Instacart Announces Plans to Bring on 300,000 New Personal Shoppers Over the Next 3 Months

Instacart announced plans to bring on an additional 300,000 full-service shoppers over the next 3 months to meet the growing customer demand for grocery delivery and pickup in North America. Instacart has become an essential service for millions of customers who are relying on the platform to get access to the groceries and household goods they need in a safe, reliable and affordable way.

In the last few weeks, the company has seen order volume grow by more than 150% year-over-year, with average customer basket size also increasing by 15%. By more than doubling the size of its full-service shopper community, Instacart will be better positioned to meet this increase in...

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Mar 25 8:22 AM, General News


Emerging Consumer Demands Lead to Increasing Role of In-Store Technology 

According to Nielsen, brick and mortar retail may be preparing for a resurgence. Consumer demands are pointing to an increasing role of technology in stores. Investments in in-store technology spiked nearly 60% to $3.7 billion in 2019. Research also forecasts that digital natives will open another 850 physical stores by 2023.

Trends for fast-moving consumer goods may follow, as consumers have never been more receptive to technology than they are currently. Approximately 64% of consumers claim their lives are getting busier, providing...

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Mar 19 8:22 AM, Urner Barry


Grocery Stores Start Cutting Hours and Limiting Quantities as Coronavirus Incites Panic Buying 

Consumers are flocking to supermarkets and stockpiling supplies in preparation to quarantine due to the coronavirus outbreak. Some of the largest grocery chains are announcing measures to maintain supplies and keep stores clean. Across the country, toilet paper and canned foods are being completely bought up as cases continue to rise.

Now, grocers are beginning to cut hours and are limiting sale quantities per customer on items that are in high demand.

Walmart is taking preventative measures to keep stores clean and maintain a healthy environment. The retailer is also pursuing easier ways to sanitize shopping carts, and are evaluating whether to modify store hours at some 24-hour facilities to allow for additional cleaning. Walmart said in a press release that they will be working to...

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Mar 16 12:46 PM, Urner Barry


Coronavirus Impacts Meat Consumption in China 

One of the many effects from the coronavirus outbreak in China is the impacts it has had on food consumption and the demand for meat.

At the height of the outbreak, nearly all foodservice establishments were closed, with some attempting to resume business now. However, restaurants that have managed to remain open are facing a sharp decline as consumers are staying indoors. A few restaurants switched to a delivery-only model during this time to help cash flow, but consumers are still hesitant of ordering and interacting with delivery drivers.

According to Darin Friedrichs, Senior Asia Commodity Analyst at INTL FCStone, consumer sentiment has been improving as China continues to...

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Mar 12 9:26 AM, Urner Barry


Tyson Foods States Company is Uniquely Positioned to Meet Global Protein Demand 

Tyson Foods, Inc. CEO Noel White reiterated today at the Consumer Analyst Group of New York annual conference that, “Tyson Foods’ scale, diversified portfolio, international footprint and financial track record uniquely position the company for continued, long-term growth at a time when there’s growing global demand for protein.”

Dean Banks, who recently joined Tyson Foods as its president, said, “We have a global opportunity and innovation across our portfolio is the key,” adding, “I have a passion for innovation and have been impressed with the innovation culture at Tyson Foods.”

Banks highlighted Tyson Air Fried Perfectly Crispy Chicken, Tyson Instant Pot Kits, Jimmy Dean Omelet Minis, Jimmy Dean Loaded Sausage Bites, Hillshire Snacking Bruschetta and Pact as examples of...

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Feb 20 9:40 AM, General News


Cargill Opens a Culinary Experience Hub in Belgium

Cargill has opened a Culinary Experience Hub in its research & development site (R&D) in Vilvoorde, Belgium. Customers from across the EMEA (Europe, Middle East and Africa) region are invited to solve their food formulation challenges and co-create new ingredients and recipes alongside Cargill’s food experts. The facility features a bakery pilot plant, a regional frying center and a culinary tasting area with capabilities for dairy, beverage, bakery, convenience foods and culinary applications.

Vilvoorde is one of Cargill’s first culinary experience centers. The center is specialized in research and development into new food ingredients and recipes, as has a professional chef, who works with customers to either adapt existing products to evolving consumer demands, or to develop new products from...

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Nov 8 9:18 AM, General News


Rabobank: Poultry Q4 2019 Outlook 

Global poultry markets are expected to see some recovery in the coming months. However, this will be under fragile conditions. Key concerns are the ongoing oversupply situations in many global markets, like the EU, US and South Africa. Actually, only disease-affected China and Mexico, and Brazil (due to the combination of supply reduction and improved export demand), are performing relatively well. Other markets are suffering from oversupply.

Therefore, more disciplined supply should be the key to returning to profitability for the global poultry industry in 2H 2019. Notable positives are the expected ASF-related strength in pork prices, and the limited feed price upside risks, given the relatively good feed grain supply position expected in...

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Sep 19 10:19 AM, General News


Food And Beverage Industry Seen As Growth Market in U.S. Retail Real Estate Sector

A healthy appetite for food and beverage businesses continues to fuel significant growth in one of the hottest areas in the U.S. retail real estate sector, according to BBG, a leading due diligence commercial real estate firm.

In U.S. cities across the country, more restaurants, bars and grocery stores are opening or expanding operations to meet growing demand for these services, as a result of an ongoing demographic shift in how and where people live, work and play.

That has led to these businesses growing their share of total retail spending, from 24.3 percent during the past decade, compared with 22.7 percent prior to the 2007-2008 recession, according to one recent industry report. F&B sales now account for nearly...

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Aug 15 8:19 AM, General News


Technavio: Global Poultry Market Projected to Grow 

The global poultry meat market is expected to post a CAGR of about 4% during the period 2019-2023, according to the latest market research report by Technavio.

A key factor driving the growth of the global poultry meat market is the increasing import and export of poultry meat. Various countries have increased the import of chicken meat in recent years. For instance, Japan, Mexico, Saudi Arabia, China, and Iraq were some of the key importers of chicken meat during 2018. In addition, there has been a significant increase in the import of chicken meat from emerging economies including Philippines owing to the rising demand for chicken meat among the consumers. Therefore, the rising export of chicken meat from...

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Jun 4 8:27 AM, General News


Retail Imports Rising Ahead of Expected Higher Tariffs

With retail sales rising and President Trump saying he plans to both increase and broaden tariffs on goods from China, imports at the nation’s major retail container ports are expected to see unusually high levels the remainder of this spring and through the summer, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Much of this is driven by consumer demand but retailers are likely to resume stocking up merchandise before new tariffs can take effect,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Tariff increases and new tariffs will mean higher costs for U.S. businesses, higher prices for American consumers and lost jobs for many American workers. We encourage the administration to stay focused on a trade agreement, and...

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May 9 11:39 AM, General News


Poultry is King of Proteins in International Poultry Council Outlook

As the International Poultry Council (IPC) took stock of the global protein outlook at its first semester meeting in New Orleans, La. last week, one economic reality riveted attention: Total world production of pork will decline in 2019 with poultry in position to wrest the crown from pork as the world’s most consumed meat protein.

The upheaval in meat proteins is being driven by African swine fever (ASF) in pig herds in three continents and 15 countries. Production losses in 2019 are expected to amount to 14 percent of the world’s pork supply but may continue to move higher.

“Hog losses in China due to ASF will trigger big shocks in global protein markets,” Christine McCracken, senior protein analyst at Rabobank, told IPC members, “and poultry is the meat protein with the most to win...

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Apr 26 8:23 AM, General News


NRA Examines State of the Restaurant Industry

Restaurant businesses are growing despite some operational challenges, such as workforce development issues, demand for increased technology, and serving Millennials, according to new National Restaurant Association research.

The 2019 State of the Restaurant Industry Report, a comprehensive look at trends and sales projections for the industry, culled and analyzed economic data, along with responses to surveys sent to restaurant operators and consumers.

Hudson Riehle, Association Senior Vice President of Research & Knowledge, shared takeaways from the report, discussed how he expects business to perform throughout 2019 ...

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Apr 16 9:50 AM, General News


Research and Markets: The Global Food Robotics Market a $3.1 Billion Opportunity by 2025 

The global food robotics market will grow at a CAGR of 12.7% from 2019 to 2025 to reach $3,107.4 million by 2025.

Driven by increasing food safety regulations, rising demand for packaged foods, growing demand to improve productivity, increasing production of low-cost robots, increase in investments for automated solutions in food industry, growing demand for reducing production cost and increasing food shelf-life, and entry of new-players which has led to the emergence of advanced robotic technologies.

However, the lack of a skilled workforce in emerging economies restricts the market growth to some extent. Moreover, the high cost of installation and service charges of robotic systems, and ...

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Apr 11 8:20 AM, General News




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