Hardeman Egg Group Acquires Adriaan Goede B.V.

Both companies have this week announced the acquisition of Adriaan Goede B.V. by Hardeman Egg Group. With this move, Hardeman Egg Group is strengthening its position in the egg market, with Adriaan Goede B.V. boosting its future market position.

Adriaan Goede B.V., a private limited company, has a long history and is one of the oldest egg product companies in the world. In the past 126 years, the company has evolved into an efficient and high-quality egg products company, exporting to more than 30 countries in the world.

Over the past four generations, the world of eggs and egg products has changed dramatically. The demand for many different types of eggs and egg products with higher and...

Newly Appointed Members and Alternates for the American Egg Board Commence Two-Year Service Term

Nine newly appointed members and nine alternates representing egg farmers across the country were officially installed at today’s annual meeting of the American Egg Board, starting their service on behalf of America’s egg farmers and the entire egg industry. Appointed by the U.S. Secretary of Agriculture earlier this year, the appointees will serve two-year terms ending March 2023. The American Egg Board is comprised of 18 members and 18 alternates and represents the interests of all U.S. egg farmers. Appointments originate through a nominating process from...

PODCAST: Rolling with the Punches - Cage-Free Expansions and More Impacting the Egg Market

Egg market guru Brian Moscogiuri fills us in this week on 52-week highs in the egg product market thanks to foodservice recovery, Avian Influenza in Asia affecting the export market, and the cage-free movement’s impact on the shell egg and egg product markets. Hosted by Laura Zinger, the latest episode of Urner Barry’s Market Digest fills us in on the egg market in 2021.

Did you know? Urner Barry's Market Digest Podcast is now available on Spotify, iTunes, Apple Podcast, iHeartRadio, and SoundCloud! More ways to listen to top industry news and analysis.

ANALYSIS: Egg Prices Surge to 11-Month High on Strong Retail, Foodservice, Export Demand

A combination of retail, foodservice and export demand sent shell-egg prices soaring to an 11-month high this week. After holding steady for more than...

Popeyes Announces New Quality and Sustainability Commitments

Popeyes has announced new food quality commitments for the next 5 years as part of the Restaurant Brands for Good sustainability plan. The commitments are part of the brand’s work to serve responsibly sourced, high quality and great tasting food every day while continuously working to reduce its environmental footprint.

Real Ingredients - Popeyes® is working on removing colors, flavors and preservatives from artificial sources from fried chicken menu items in the U.S. by the end of 2022, starting with its famous Popeyes® Chicken Sandwich.

Antibiotics - Popeyes® is eliminating antibiotics important to human medicine from their chicken supply chain in the US and Canada by the end of 2021. This new sourcing policy supports...

Highly Pathogenic Avian Influenza Strikes South Korea’s Layer Houses

As Highly Pathogenic Avian Influenza (HPAI) strikes South Korea’s layer houses killing more than 8 million hens, the country’s local shell egg prices have started to soar with a 22.4 percent increase compared with an average year as of Wednesday. Demand is especially high for eggs with the approaching Lunar New Year holiday February 11 - 14. As a result, the Korean government has decided to temporarily eliminate tariffs on egg imports for the first time since 2017.

According to The Korea Herald, South Korea's agricultural ministry said Wednesday it plans to “temporarily remove tariffs on imported egg products to resolve a supply shortage.” The government will...

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...

Urner Barry's Coronavirus Special Report - Volume IV

The global COVID-19 pandemic has disrupted consumer behavior, distribution, production, and market prices in a way we have never seen before. 

Now, as reopening efforts are underway, the latest business environment is a completely new venture for the food industry with its own learning curve. Both retail and foodservice have been forced to make sweeping changes in their respective sectors and adaptability remains key. Production setbacks were arguably one of the biggest challenges the meat industry faced in the last few months of the pandemic, but capacity has since largely returned to normal.

As we near the end of summer, seasonal shifts are also in play...

Ovostar Reports Operational Results for the First Half of 2020 

Ovostar Union Public Company Limited, a vertically integrated holding company, one of the leading egg and egg products producer in Ukraine, announced its operational results for the six months ended 30 June 2020.

As of 30 June 2020 the Company’s total flock equaled 8.24 mln hens, including 6.91 laying hens (30 June 2019: 7.56 and 6.51 mln hens respectively).

The volume of eggs produced in H1 2020 was 793 mln demonstarting 1% increase YoY (H1 2019: 782 mln). In the reporting period the sales volume in the egg segment totaled...

Urner Barry's Coronavirus Special Report - Volume III

The global COVID-19 pandemic has disrupted consumer behavior, distribution, production, and market prices in a way we have never seen before. From stay-at-home directives that spurred a run on retail while foodservice operations were limited or halted all-together, to production cutbacks caused by labor shortages at the plant level, the industry has had much to contend with over the past several months.

Now, as many states have begun reopening phases, the industry is making strides in returning to a more “normal” business environment—however the face of this new normal will likely look a bit different...