Pork Quarterly Q1 2021: Looking for Growth Amid Uncertainties

Rising disease pressures continue to challenge the global market. While African swine fever (ASF) continues to impact pork production in Asia and Europe, as well as global trade flows, Covid-19 keeps affecting the whole supply chain, from producers to consumers. However, demand is expected to rebound in most regions in 2021 due to economic recovery.

Global pork supply will grow in Asia and North and South America, but face more challenges in Europe. “While China continues to dominate global trade, China’s expected reduction in imports in 2021 will...

Hot Dogs and Sausages Market Expected to Reach $96.4 Billion by 2025 

According to Research and Markets, the hot dogs and sausages market are expected to grow at a compound annual growth rate of 4.08% over the forecast period to reach a market size of US$96.405 billion in 2025 from US$75.839 billion in 2019.

The rate at which urbanization is taking place which in turn is buttressed by globalization and rural to urban migration is facilitating the adoption of new consumption trends which have accommodated the inclusion of sausages and hotdogs among others. As of 2018, North America was the most urbanized region of the world, wherein the urban areas constituted...

ANALYSIS: Update on German Pork Exports in Wake of ASF Outbreak

African Swine Fever case counts in Germany have exceeded 200, according to some sources. Since finding the first case of ASF on...

Cargill Adds Pea Protein to European Ingredient Portfolio

As more consumers aspire to incorporate plant-based foods into their diets, Cargill is responding by adding pea protein to its portfolio of ingredients available in Europe. The move will help European food and beverage manufacturers meet increasing demand for nutritious, plant-based products. Moreover, Cargill pea proteins are designed to meet the functional and sensory challenges in alternative emerging applications.

Cargill, which already offers an array of pea protein products in North America, Asia and South America, is leveraging that expertise as it expands its European line-up of plant-based proteins like...

Mosa Meat Backed by Leading Global Impact Investors, Bringing Oversubscribed Round to $75M

Mosa Meat, the European food technology company that introduced a cultivated beef hamburger in 2013, announced the second closing of its Series B funding. This second closing of $20M brings the total raised so far in the round to $75M.

The funding brings together leading global investors who are dedicated to sustainability, and to supporting Mosa Meat in its mission. These include Blue Horizon Ventures, Target Global, ArcTern Ventures and Rubio Impact Ventures.

Mitsubishi Corporation, Japan, the global integrated business enterprise that develops...

UK Government Consults on Ending Live Animal Exports for Slaughter

Plans to ban the export of live animals for slaughter and fattening have been unveiled by the Environment Secretary today, in the start of a renewed push by government to strengthen the UK’s position as a world leader on animal welfare.

These proposals form part of an eight-week consultation, launched in England and Wales, seeking views on how to better protect animal welfare during transport.

Live animals commonly have to endure excessively long journeys during exports, causing...

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...

Rabobank Global Animal Protein Outlook 2021: Emerging From a World of Uncertainty

After a year full of uncertainties, global animal protein is expected to rise again, as it looks for opportunities.

In 2021, Rabobank anticipates production growth in most regions, with the biggest change taking place in Asia, where the impacts of African swine fever (ASF) are fading. Pork is expected to lead that growth – with a gradual recovery process, as ASF is still active. Poultry and aquaculture are also forecast to grow, followed by beef. Wild-catch seafood, however, is expected to decline.

Global animal protein trade continues to create areas of opportunity and risk, with China...

Tyson Foods Expands Raised & Rooted Brand to Europe

Tyson Foods, Inc. (NYSE: TSN) today announced the European launch of its plant-based protein brand, Raised & Rooted™. This is the first expansion of the Raised & Rooted brand outside the U.S., in the brand’s pursuit to be the most loved alternative protein brand in the world.

“We’re thrilled to be launching Raised & Rooted in Europe, where there is a growing number of consumers who are adopting flexible diets,” said Brett Van de Bovenkamp, president of Tyson Foods Europe. “Our unique capabilities in R&D and innovation, combined with our international footprint and infrastructure makes us..."

Imports Spike as Economy Continues Recovery and Retailers Stock Up for Holidays

Imports surged to unexpected high levels this summer and may have hit a new record as the U.S. economy continues to reopen and retailers stock up for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“It’s important to be careful how much to read into these numbers after all we’ve seen this year, but retailers are importing far more merchandise for the holidays than we expected even a month ago,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Some of these imports are helping replenish inventories that started to run low after...

Rabobank Beef Quaterly Q3 2020: New Faces Shaping Future UK Beef Imports 

Once outside the European bloc, the UK is expected to become the fifth or sixth largest beef-importing country. Consumer acceptance and non-tariff barriers will play significant roles in determining which countries ultimately supply the UK beef market in the future.

Brexit trade talks between the UK and EU continue to progress. “While pure economic reasoning and geopolitics normally play strong roles in trade negotiations, we believe that, in the case of the UK, consumer acceptance and non-tariff barriers will be equally significant in determining...

Pilgrim's Pride Reports Financial Results for Q2

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

Second Quarter Highlights

• Net Sales of $2.82 billion.
• Net GAAP loss of $(6.0) million.
• Operating Income margins of 2.2% in U.S., -13.3% in Mexico and 3.1% in Europe operations, respectively.
• Adjusted EBITDA of $112.2 million, or a 4.0% margin.
• Faced with the global Covid-19 pandemic, we remain guided by our principles of an uncompromising commitment to the safety of our team members, our duty to provide quality food globally, and our responsibility to provide continued...

Rabobank Pork Quarterly Q3: More Uncertainties Ahead 

Covid-19 brings many uncertainties to the global pork market. With various disruptions to the supply chain, Rabobank has revised down pork production for 2020 in major producing countries.

“Labor shortages, operational suspensions, soft demand, and channel shifting will force industry players to increase automation, adopt digitalization, improve plant working conditions, streamline processing, and integrate along the supply chain in order to...

COVID-19 Overshadows African Swine Fever, but ASF’s Influence Prevails

African swine fever remains the dominant issue in global animal protein – as it has been since 2018. But COVID-19 further distorts the outlook, constraining production, consumption, and trade.

ASF is still the major influence on global pork markets, and it continues to impact pig herds and restrict pork production in China, Vietnam, the Philippines, and parts of eastern Europe. As Rabobank does not anticipate an effective vaccine against ASF to be commercially available in 2020, biosecurity measures remain the most effective defense.

Herd recovery is underway in China, and has been proceeding faster than expected, but a further significant drop in...

Hard Rock Cafe to Reopen Restaurant Locations Under New Health and Safety Plan 

Hard Rock International announced plans to reopen company-owned Hard Rock Cafe locations in the United States and Europe, in compliance with recommendations from national and local health officials. To help keep guests and team members safe and healthy, Hard Rock Cafes have implemented "SAFE + SOUND," a new program featuring stringent guidelines developed in collaboration with leading worldwide health and sanitization partners like ECOSURE and the National Sanitation Foundation (NSF).

The "SAFE + SOUND" program implements the highest of level of safety, sanitation, food handling and employee training. As part of the new protocol, all guests and team members will be required to...

Beyond Meat Expands Local Production Capabilities in Europe

Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat, today announced the company’s first co-manufacturing capabilities in Europe with the official opening of the Zandbergen co-manufacturing facility in Zoeterwoude, the Netherlands. The new state-of-the-art facility owned and operated by Zandbergen will produce the Beyond Burger^® and Beyond Sausage^® and is intended to allow for more efficient distribution of Beyond Meat’s products across EMEA.

Production at the new Zandbergen co-manufacturing facility will also include the upcoming debut of new packaging for...

Pilgrim’s Pride Reports Q1 2020 Results 

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

First Quarter Highlights

• Net Sales of $3.07 billion.
• Net GAAP Income of $67.3 million, including one-time $0.09 per share gain on case settlement.
• Operating Income margins of 4.4% in U.S., -7.3% in Mexico and 2.8% in Europe operations, respectively.
• Adjusted EBITDA of $165.5 million, or a 5.4% margin.
• Strong focus in execution and dedication by our team members, combined with portfolio strategy of differentiated products, strong Key Customer relationships, and diversified global footprint reducing volatility of specific market conditions, especially under unprecedented Covid-19 impact at end of first quarter...

Rabobank Pork Quarterly Q2 2020: COVID-19 Crisis Disrupts Global Pork Industry

Rabobank expects continued volatility in pork prices in 2020, as disruption in local markets is balanced with product shortfalls in Asia.

“The combined effect of near-term demand destruction and processing interruptions due to labor constraints has weakened producer returns and will slow production growth. Weaker GDP growth could further pressure pork demand, compounding an already challenging operating environment,” according to Christine McCracken, Senior Animal Protein Analyst.

China: Hog price strength reflects slow herd recovery and demand recovery

Hog prices remain elevated on African swine fever (ASF) herd losses and a gradual recovery in the production sector. Producer interest in rebuilding remains...

Coronavirus Takes European Food Delivery on a Bumpy Ride

Food delivery platforms were expected to be one of the few winners of the ‘corona crisis.’ However, platforms seem to have had a rough start, due to both supply and demand developments. Although recovery is seen in some cases, it remains to be seen whether this bumpy ride will get smoother.

Food Delivery Platforms Swell With New Entrants

For foodservice companies, business has drastically changed these last few weeks. Restaurants and bars across Europe were told to shut down and resort to food delivery. Many restaurants have made this shift, from fast-food chains to Michelin-star restaurants.

Even though some restaurants decided to take on the task of delivery themselves, many see the added value of teaming up with delivery platforms such as...

JUST Expands Partnerships Globally, Raises Capital & Adds Former Coca-Cola Executive

JUST announced a host of partnerships to manufacture and distribute its JUST Egg across North America, Latin America, Europe, and East Asia. This global infrastructure, which includes millions of additional points of potential distribution and access to production facilities on multiple continents, will provide the scale needed to meet the increasing worldwide demand for the product.

Included in this partnership announcement are South Korea’s food company, SPC Samlip; one of Southeast Asia’s largest food companies, Betagro Group; bakery company, Grupo Bimbo; one of Latin America’s largest edible oil and fat producers, Alianza Team; and local delivery platform, Delivery Hero. This infrastructure builds on a previously announced manufacturing and distribution partnership with...

Rabobank: Impact of Coronavirus on European Foodservice

Coronavirus is rapidly spreading across Europe. The travel & tourism (T&T) industry, including domestic and international visitors and business travel, is one of the most affected by the situation. Since travelers represent a significant portion of foodservice demand, revenues for restaurants and bars will decline. The magnitude of this decline will depend on the duration of the crisis, the weight of travel-related demand on total foodservice revenue, and the impact of coronavirus on economic growth.

Travel-Related Demand Under Pressure

Although disruptions to daily life outside Italy (under quarantine) are limited, event cancellations, corporate policies banning business trips, and changes in consumer behavior are...