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ANALYSIS: The Tug of War Between Chicken Wings and Boneless Breasts

During October of last year, we explored the growing price disparity between jumbo boneless breast quotations and jumbo-sized whole wings...

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Jan 22 8:41 AM, Urner Barry



Urner Barry Releases January Emerging Plant Protein Report

Plant based startups are increasing their use of both sunflower seed proteins and oils in formulation of their meat analogue and plant-based snack creations. The protein content of a sunflower kernel ranges between 20% and 40%, complemented by an array of high-quality nutrients which...

 

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Jan 21 8:30 AM, Urner Barry


Urner Barry Presents Plant Protein Insights Webinar 

The plant protein sector is developing rapidly around the globe. Innovative and unique offerings enter the market daily under increased pressure for sustainable and nutritious alternative food options. Demand for plant protein ingredients has become an important benchmark for manufacturers, ingredient providers, startups, traditional protein suppliers, and investors interested in this space.

Join Urner Barry on Thursday, January 21, as host Laura Zinger interviews...

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Jan 21 8:29 AM, Urner Barry


ANALYSIS: Boneless Chicken Breasts Blaze the Seasonal Trail

Since the year’s outset, several key lines within the chicken white meat complex have experienced a considerable uptick in...

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Jan 15 8:28 AM, Urner Barry


ANALYSIS: Chicken Wings Start Year Undefeated

With NFL playoff season at our doorstep, wing marketers are ordinarily gearing up as they prepare for one of the busiest quarters of the year...

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Jan 8 8:30 AM, Urner Barry


Urner Barry Releases January Pulse Protein Report

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

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Jan 7 10:19 AM, Urner Barry


Survey: Meat Will Be a Key Ingredient for Americans Resolving to Eat Better in 2021

As many Americans are into week one of a new eating regimen, Applegate found that 72% of those surveyed believe meat should be part of a healthy diet and that 55% are resolving to cut back on sugar.

Despite the rising popularity of plant-based trends and lab-created “meat” substitutes, the survey found 58% of adults have no plans to consume less meat in 2021 and illustrated how consumers are seeking natural and organic meat products with...

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Jan 7 8:23 AM, General News


ANALYSIS: Frozen Turkey Drums Continue to March Forward

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

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Jan 7 8:23 AM, Urner Barry


Cal-Maine Foods Reports Second Quarter Fiscal 2021 Results

Cal-Maine Foods, Inc. reported results for the second quarter of fiscal 2021 (thirteen weeks) and twenty-six-week period ended November 28, 2020.

Net sales for the second quarter of fiscal 2021 were $347.3 million, an 11.5 percent increase compared to $311.5 million for the second quarter of fiscal 2020. The Company reported net income of $12.2 million, or $0.25 per basic and diluted share, for the second quarter of fiscal 2021, compared to a net loss of $10.1 million, or...

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Jan 6 8:54 AM, General News


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


Understanding Price Risk Management: an Interview with Stable

Urner Barry sat down with Richard Counsell to understand more about Stable’s business and the help they are providing the industry with their risk management tools. Growing up with a farming background in the southern UK, Richard spent his early career managing both commodity and technology focused businesses in London, Chicago and Melbourne. As the CEO of Stable, Richard currently divides his time between London, Minneapolis and Bermuda, expanding Stable's global platform to match complex commodity risks with simple financial solutions.


1. For the readers who have not yet heard of Stable, can you give a quick summary of your business?

Stable offers customizable price risk management tools across untraded, non-futures based agricultural markets. Our aim is to...

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Dec 18 9:05 AM, Urner Barry


Sanderson Farms Reports Results for Fourth Quarter and Fiscal 2020

Sanderson Farms, Inc. reported results for the fourth quarter and fiscal year ended October 31, 2020.

Net sales for the fourth quarter of fiscal 2020 were $940.0 million compared with $906.5 million for the same period a year ago. For the quarter, the Company reported net income of $27.9 million, or $1.26 per share, compared with...

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Dec 17 9:45 AM, General News


ANALYSIS: The Impact of External Variables on the Turkey Hatch

In retrospect, the turkey market landscape has shifted dramatically in only a couple short years...

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Dec 17 8:22 AM, Urner Barry


Urner Barry Releases First Emerging Plant Protein Report

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

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Dec 17 8:18 AM, Urner Barry


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

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

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

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Dec 9 8:17 AM, General News


PODCAST: An Economic Point of View - Will Sawyer of CoBank

This week on Market Digest Laura speaks with CoBank Lead Protein Industry Analyst, Will Sawyer. Will brings his expertise to the plate as they discuss holiday demand for protein items, protein supply, the beef complex, corn and soy inflation, and...

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Dec 8 11:22 AM, Urner Barry


Changed Beef Consumption Habits Following COVID-19 Create Opportunities

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

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

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Dec 3 8:27 AM, General News


ANALYSIS: What’s Next for Whole Body Turkeys?

After processors successfully marketed their whole body tom and hen production and the fruits of their labor are being enjoyed, they now shift their attention...

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Dec 3 8:20 AM, Urner Barry


ANALYSIS: Weighing in on Turkey Drums

With much of the turkey industry now focused on satiating whole-body bird demand, supply side tightness, particularly within...

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Nov 19 8:23 AM, Urner Barry


ANALYSIS: Medium and Jumbo Boneless Breasts: Straying From the Traditional Price Spread

Historically speaking, medium-sized boneless breasts have enjoyed a clear-cut premium over their jumbo-sized counterparts...

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Nov 6 8:37 AM, Urner Barry


ANALYSIS: Turkey Drums Find Their Rhythm

With November now upon us, whole body turkeys are commanding much of the seasonal spotlight, however...

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Nov 5 8:37 AM, Urner Barry


ANALYSIS: Egg Product Market Comes to Life

Though retail demand for shell eggs has run significantly above norms since the peak pandemic period, foodservice demand has struggled to...

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Nov 5 8:36 AM, Urner Barry


Pilgrim's Pride Reports Third Quarter Financial Results

Pilgrim’s Pride Corporation reports third quarter 2020 financial results.

Third Quarter Highlights

  • Net Sales of $3.08 billion.
  • Net GAAP Income of $33.4 million. Adjusted Net Income of $161.7 million or adjusted EPS of $0.66 excluding $110.5 million DOJ agreement.
  • Consolidated Operating Income margin of 3% with Adjusted Operating Income margins of 6.7% in U.S. excluding DOJ agreement, 18.4% in Mexico and 3.5% in Europe.
  • Adjusted EBITDA of $305.0 million, or a 9.9% margin, 18% higher than a year ago.
  • Faced with the global Covid-19 pandemic, we continue to be guided by...
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Oct 29 8:39 AM, General News


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

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

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

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Oct 27 8:25 AM, General News


ANALYSIS: August Chicken Exports - The Devil is In the Details

What a difference a year makes. About this time in 2019, chicken processors and allied components of the industry were licking their chops in anticipation of...

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Oct 16 8:25 AM, Urner Barry


ANALYSIS: Nothing Average About Turkey Weights

This year being what it is, or has become as the case might be, there is not a protein offering on the street that has not had its traditional market world uprooted. Demand patterns have...

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Oct 15 8:26 AM, Urner Barry


ANALYSIS: Ribeye to Strip Spread Continues to Widen Into Year-End

If we look at the chart for the spread (or price difference) between the ribeye and strip loin, it usually...

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Oct 12 8:26 AM, Urner Barry


ANALYSIS: Chicken Wings vs. “Boneless” Wings: An Opened Ended Debate

This year’s chicken market has been anything but predictable and despite their admirable performance, chicken wings are no exception...

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Oct 9 8:23 AM, Urner Barry


ANALYSIS: Q4 Wing and Tender Performance Dependent on Price and Seasonality

It is certainly a relief to have our daily lives slowly returning to something we might recognize as normal. There is no doubt that is the case for...

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Sep 11 8:22 AM, Urner Barry


ANALYSIS: The Spread Between Wholesale and Retail Beef Prices

During the COVID-19, wholesale beef prices have moved through phases as the situation changed...

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Aug 27 8:21 AM, Urner Barry


ANALYSIS: Tallying up Turkey Tonnage

Today we thought it would be a good opportunity to take a step away from the day-to-day in favor of a broader look at the production side of the turkey equation...

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Aug 20 8:21 AM, Urner Barry


ANALYSIS: Price Sensitivity Dictating Mexican Ham Demand

Over the years turkey thigh meat, the primary component of turkey hams, and boneless pork hams, have shared a distinct and somewhat polarized relationship with one another...

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Aug 13 8:22 AM, Urner Barry


ANALYSIS: Jumbo Wings: A Mid-Year Coin Toss

2020 has been anything but predictable and the wing market is no exception. While a seasonal increase in buying interest and in paid prices is...

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Jul 31 8:22 AM, Urner Barry


ANALYSIS: Chicken Cold Storage: A Mid-Year Freeze

Wednesday’s release of the USDA’s Cold Storage Report closely coincides with the current standing of most major chicken lines and also reflects...

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Jul 24 8:22 AM, Urner Barry


Rabobank's Poultry Quarterly Q3 2020: Fragile Recovery After COVID-19 Storm

The global poultry industry is recovering from a storm that hit in 1H 2020, and the outlook is gradually improving. Poultry demand will be more bullish in 2H, as Covid-19 containment measurements are eased, lifting demand through foodservice.

Poultry demand is expected to improve in 2H. The biggest market driver will be the economic downturn, making global markets more volatile and price driven. Such conditions are generally positive for poultry, being the cheapest meat protein with a short and flexible production cycle.

Prices will see some recovery after historic lows in 1H. Breast meat should benefit from the reopening of foodservice, although trade will...

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Jul 23 8:21 AM, General News


PODCAST: Calling All Pork People - ASF, Retail Demand, Exports, and More

In this week's segment Russell Barton discusses retail demand, slaughter, exports, African Swine Fever, and COVID-19...

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Jul 21 10:04 AM, Urner Barry


ANALYSIS: The Sustained Flight of Whole-Body Turkeys

In terms of turkey trade activity, there isn’t a whole lot going on here in Mid-July. Market participants continue to contend with the widespread supply and demand challenges associated with...

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Jul 16 8:23 AM, Urner Barry


ANALYSIS: Pork 2020 Comparison

The first half of 2020 was highly volatile in the pork market due to a myriad of factors. While cases of ASF continued to be reported across several...

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Jul 16 8:23 AM, Urner Barry


PODCAST: Market Update on Eggs with Brian Moscogiuri

This week, Laura sat down with Brian Moscogiuri to cover price fluctuations since record highs in March, rebounding COVID-19 cases impact on demand, cage-free production and trends, and the European egg market reaction to the pandemic...

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Jul 14 10:45 AM, Urner Barry




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