Search:

The search returned 36 results.

Start:    End:       Search Title?    Search Article?    Search Tags?
YOUR SEARCH RESULTS:




































ANALYSIS: Pork Trim Point Per Lean Comparison

Late seasonal domestic demand, export interest, lighter hog weights, and diminished availability of boning line workers have been noted as...

Full Story »
Sep 17 7:18 AM, Urner Barry



China and Japan Suspend Pork Imports from Germany Following African Swine Fever Case 

According to the German Food and Agriculture Ministry, China and Japan have suspended imports of pork and live pigs from Germany after a case of African swine fever was confirmed in a wild boar near the Polish border in the eastern state of Brandenburg, Germany. This comes as South Korea banned imports of German pork last week.

Pork imports of 40,230 tons from Germany last year accounted for about 3.3% of Japan's total imports of pork, the ministry reported. Japan did not import any live pigs last year, down from six in 2018. China's ban on imports comes as the country deals with its own spread of the disease. German pork exports to China total about...

Full Story »
Sep 14 9:43 AM, Urner Barry


Tyson Foods to Verify Sustainable Cattle Production Practices at Scale

Tyson Foods announced its work to verify sustainable beef production practices on more than 5 million acres of cattle grazing land in the U.S. This would be the largest known beef transparency program in the U.S., and part of Tyson Foods’ focus on sustainably feeding the world while taking care of people, the planet and animals.

Working with Where Food Comes From, the largest provider of certification and verification services to the food industry, Tyson Foods will source cattle from BeefCARE™ verified beef producers who are committed to raising cattle using...

Full Story »
Sep 10 8:48 AM, General News


Smithfield Foods to Become Carbon Negative by 2030

Smithfield Foods, Inc. announced a commitment to becoming carbon negative in all company-owned operations in the United States by 2030. A leader in sustainability for more than two decades, the company will go beyond carbon neutrality to effectively remove more carbon from the atmosphere than it emits. It will achieve this goal without purchasing carbon credits to offset emissions.

"As the world grapples with environmental challenges impacting our planet, consumers are looking to companies to take deliberate, bold action to address issues such as climate change," said Kenneth M. Sullivan, president and chief executive officer, Smithfield Foods. "The world is at an inflection point. To feed a growing world population, with finite resources available to grow and produce the food we need, we must...

Full Story »
Sep 4 9:30 AM, General News


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...

Full Story »
Aug 31 9:29 AM, General News


ANALYSIS: Year-Over-Year Highs for Sow Slaughter

According to the June Hogs and Pigs report, intended farrowings for September-November are down 5% from a year ago, implying...

Full Story »
Aug 26 8:20 AM, Urner Barry


Fed Cattle Exchange Acquired by Central Stockyards

The Fed Cattle Exchange, the only weekly fed cattle online auction for the cattle industry, has been acquired by Central Stockyards, LLC from 5150 Productions Company, LLC.

Since 2016 the Fed Cattle Exchange has provided the cattle industry with weekly, cost-effective cattle auctions that provide a platform for price discovery through competitive bidding. The prices determined in the weekly auctions benefit...

Full Story »
Aug 21 11:57 AM, General News


Merck Animal Health Acquires IdentiGEN 

Merck Animal Health, known as MSD Animal Health outside the United States and Canada, a division of Merck & Co., Inc., Kenilworth, N.J., USA, today announced the completion of its acquisition of IdentiGEN, a leader in DNA-based animal traceability solutions for Livestock and Aquaculture from MML Growth Capital Partners Ireland. Specific terms of the agreement were not disclosed.

IdentiGEN’s technology combines each species’ unique DNA (deoxyribonucleic acid) and data analytics to provide an evidence-based animal traceability solution, called DNA TraceBack, to accurately and precisely trace beef, seafood, pork and poultry that is verifiable from farm-to-table.

Food producers, processors and retailers are looking for accurate and complete animal traceability solutions that provide full accountability, as well as...

Full Story »
Aug 6 8:32 AM, General News


NCBA and NAMI Respond to USDA Report on Cattle Markets 

The USDA suggested broader reporting requirements for meatpacking companies as it investigates cattle market movements driven by the coronavirus pandemic and a fire at a major beef plant. The USDA stated in a report in conjunction with the U.S. Department of Justice that it continues to investigate potential regulatory violations and anticompetitive conduct within the industry. However, the report does not detail any wrongdoing by meat processors.

“In its analysis of the effects of the fire and the pandemic, USDA found no wrong-doing and confirms the disruption in the beef markets was due to devastating and unprecedented events,” said North American Meat Institute President and CEO, Julie Anna Potts. “It is difficult to see how the USDA’s recommended legislative proposals would have...

Full Story »
Jul 24 8:21 AM, Urner Barry


NPPC: Hog Farmers Urgently Need Congressional Action to Weather Crisis 

U.S. hog farmers continue to face an unprecedented emergency as a result of COVID-related challenges, with an estimated two million hogs still backed-up on farms according to an analysis by Dr. Steve Meyer, an economist with Kerns & Associates. At a press briefing, the National Pork Producers Council (NPPC) described the damage exacted on hog farmers and urged Congress to act swiftly to preserve their livelihoods.

Dr. Meyer said U.S. hog farmers face massive losses due to multiple COVID-19 crisis-related factors, which have turned profit potential for 2020 from robust to disastrous. According to his analysis, based on lean hog futures prices on March 1 and July 10 and actual hog prices in the interim, potential 2020 revenue from hog sales has been reduced by roughly $4.7 billion. Other losses associated with...

Full Story »
Jul 21 8:30 AM, General News


New Funding for Cattle Producers to Secure Strong Future for the Beef Industry

The National Cattlemen’s Foundation (NCF) announced its partnership with Cargill to provide funding to North American cattle producers to provide practical tools to help manage market shifts, reduce costs, manage finite natural resource availability and withstand extreme weather events.

The four-year strategic partnership, which was funded by a $3 million contribution from Cargill’s protein business, establishes a professional development scholarship program, and provides educational resources through the U.S. Roundtable for Sustainable Beef (USRSB) and experiential learning in partnership with the National Cattlemen’s Beef Association (NCBA).

“Cargill is invested in the future of ranchers and farmers,” Jon Nash, Cargill Protein – North America business leader. “This contribution is just one of the ways...

Full Story »
Jul 20 8:42 AM, General News


NCBA CEO Colin Woodall Responds to Burger King #CowsMenu Campaign

The following statement was provided by Colin Woodall, CEO of the National Cattlemen's Beef Association:

"Members of the National Cattlemen’s Beef Association are disappointed by the release of Burger King’s #CowsMenu campaign. The nation’s burger restaurants can, and many of them do, play a vital role in helping improve beef’s sustainability and reducing its environmental footprint. Unfortunately, Burger King has chosen a different path, relying on kitschy imagery that misrepresents basic bovine biology – cattle emissions come from burps, not farts – and on the potential impact of a single ruminant nutrition study that was...

Full Story »
Jul 15 9:44 AM, General News


U.S., Japan Expand Organic Trade Opportunities; Livestock Added to Trade Arrangement

The United States and Japan announced the expansion of their organic equivalence arrangement to include livestock products. The arrangement goes into effect July 16, 2020 and reduces costs and streamlines the process for anyone involved in the organic livestock supply chain by requiring only one organic certification.

“Opening new markets for America’s organic farmers and ranchers continues to be a priority for USDA,” said the U.S. Department of Agriculture (USDA) Marketing and Regulatory Programs Under Secretary Greg Ibach. “Japan is already one of the top export markets for U.S. organic products. This agreement opens additional opportunities for everyone involved in the international supply chain for...

Full Story »
Jul 15 8:23 AM, General News


Burger King Introduces Burger Made from Cows on Low-Methane Diet 

Committed to the simple principle of doing what’s right, as one of the world’s largest and fastest growing quick service restaurants, Burger King will work to help address a core industry challenge: the environmental impact of beef.

According to the United Nations' Food and Agriculture Organization, livestock is responsible for approximately 14.5% of global greenhouse gas emissions. Cows release methane, a greenhouse gas that traps the sun's heat and warms the planet, as a by-product of their digestion.

To help tackle this environmental issue, the Burger King brand partnered with top scientists to develop and test a new diet for cows, which according to initial study results, reduces up to...

Full Story »
Jul 14 9:31 AM, General News


USDA Announces Initial Purchase of Foot-and-Mouth Disease Vaccine

The United States Department of Agriculture’s Animal and Plant Health Inspection Service announced the initial purchase of vaccine for the National Animal Vaccine and Veterinary Countermeasures Bank. APHIS will invest $27.1 million in foot-and-mouth disease vaccine, which the agency would use in the event of an outbreak to protect animals and help stop the spread of disease.

Foot-and-mouth disease is an infectious viral disease that affects cloven-hooved animals, including cattle, pigs and sheep; it is not a food safety or human health threat. The disease is endemic in many parts of the world and would have widespread, long-term fallout for livestock and crop agriculture, including...

Full Story »
Jul 9 10:17 AM, Urner Barry


China Approves Import of First Domestic GM Soybean for Feed Use

China has approved the import of two new genetically modified (GM) soybean varieties, including one developed by local firm Beijing Dabeinong Technology Group Co Ltd, its agriculture ministry said on Tuesday, making it the first Chinese engineered soybean allowed for import.

Dabeinong signed an agreement with Argentinian biotechnology company Bioceres SA in 2013 to help it get regulatory approval for production of its DBN-Ø9ØØ4-6 glufosate and glufosinate-resistant soybean in Argentina.

The Argentinian authorities granted safety approval for the variety in February 2019 but it has not yet been planted, pending approval by...

Full Story »
Jun 23 8:37 AM, Urner Barry


Pilgrim’s Publishes 2019 Sustainability Achievements and Advancement Toward 2020 Goals

Pilgrim’s Pride today announced the release of its 2019 Sustainability Report and progress toward 2020 sustainability goals. The report transparently details the company’s progress in the key priority areas of team member health and safety, product integrity, animal welfare, water and energy across its operations in the UK, Continental Europe, Mexico, Puerto Rico and the United States.

“The Pilgrim’s global team is driven by our passion to sustainably produce food that positively impacts the lives of our team members, grower partners, customers, shareholders and society,” said Jayson Penn, President and CEO, Pilgrim’s. “We are focused on doing things the right way and creating...

Full Story »
Jun 10 9:18 AM, General News


NCBA Applauds Introduction Of Emergency Grazing Legislation

National Cattlemen’s Beef Association (NCBA) today applauded the introduction of the bipartisan, bicameral PASTURE (Pandemic Authority Suitable To Utilize Reserve Easements) Act of 2020 by U.S. Representatives Roger Marshall (R - 1st Dist., Kansas) and Angie Craig (D - 2nd Dist., MN). Companion legislation was introduced in the Senate by Sens. John Thune (R-SD) and Tina Smith (D-MN).

“Introduction of the bipartisan, bicameral PASTURE Act is a welcome step toward providing grazing flexibility to livestock producers during the COVID-19 pandemic," said NCBA Vice President of Government Affairs Ethan Lane. "As farmers and ranchers are keeping and feeding livestock for longer periods of time, Congress must ensure that...

Full Story »
Jun 8 9:09 AM, General News


NAMI's Response to New York Times' "End of Meat" Op-Ed

Like many sectors of the economy, meat and poultry production has been challenged during the COVID crisis. This leads to the popular pundit sport of writing the industry’s eulogy. The most recent comes from vegetarian and author Jonathan Safran Foer here in the New York Times. Safran Foer says COVID-19 has shown that for Americans, the end of meat is here.

From the start of the pandemic, it was clear meat is essential to Americans. Consumers were flooding grocery stores and buying necessities. Meat was among the few key items, like toilet paper and hand sanitizer, which they bought immediately and in historically high quantities. Meat continues to experience...

Full Story »
Jun 2 9:45 AM, General News


NPPC Urges Quick Senate Action on Legislative Relief for Hog Farmers 

COVID-related challenges have taken a severe financial and emotional toll on U.S. hog farmers, and rapid federal government assistance is needed to help thousands of pork producers weather this crisis. At a press briefing hosted by the National Pork Producers Council (NPPC), four pork producers addressed the crisis on their farms and called on the U.S. Senate to expeditiously adopt livestock agriculture provisions included in COVID-relief legislation recently passed by the U.S. House of Representatives.

The impact of COVID-19 has caused hog values to plummet, creating a financial disaster for pork producers nationwide who face a collective $5 billion loss for the remainder of the year. Additionally, U.S. pork producers face...

Full Story »
Jun 1 8:08 AM, General News


May 19 8:08 AM, Urner Barry

Webinar: UB Insights Into COVID-19 Impacts on Red Meat, Poultry 

This exclusive UB Insights webcast, aired May 14, 2020, features Urner Barry experts discussing the volatility of the beef, pork, and poultry markets during the coronavirus pandemic. Featured are beef market reporter Gary Morrison, pork market reporter Russell Barton, poultry market reporter Russ Whitman, livestock staff writer Courtney Shum and moderated by editorial director Jamie Chadwick...

Full Story »

NPPC Supports Livestock Provisions of Heroes Act

The National Pork Producers Council (NPPC) expressed strong support for livestock agriculture provisions in the Heroes Act introduced by the U.S. House of Representatives Committee on Appropriations. These provisions include funding for the U.S. Department of Agriculture to provide:

  • Compensation for euthanized livestock that can’t be processed into the food supply due to COVID-related packing plant capacity reductions. This fact sheet provides an overview of the current challenge faced by U.S. pork producers.
  • Expanded direct payments to livestock famers who have suffered severe losses as COVID-related market disruptions have caused the value of...
Full Story »
May 14 8:15 AM, General News


APHIS Establishing Coordination Center to Assist Producers Affected by Processing Plant Closures

American livestock and poultry producers are facing an unprecedented emergency due to COVID-19, particularly with the closing of meat processing plants in several states. USDA is leading the federal response by working in coordination with the Vice President’s Task Force, the CDC, OSHA, Department of Labor, industry, state and local governments, and others across the federal family to mitigate the impacts of COVID-19 on producers.

We will continue to seek solutions to ensure the continuity of operations and return to production as quickly, safely and as health considerations...

Full Story »
May 5 8:10 AM, General News


USDA Announces Additional Food Purchase Plans

U.S. Secretary of Agriculture Sonny Perdue announced details of $470 million in Section 32 food purchases to occur in the third quarter of fiscal year 2020, in addition to purchases previously announced, which will enable USDA to purchase surplus food for distribution to communities nationwide. These Section 32 purchases will provide additional support for producers and Americans in need, in response to changing market conditions caused by the COVID-19 national emergency.

“President Trump has authorized USDA to support our farmers affected by this national emergency and this action to purchase food and deliver to those in need further demonstrates his unwavering support for the American people during these unprecedented times,” said Secretary Perdue. “America’s farmers and ranchers have...

Full Story »
May 5 8:10 AM, General News


NCBA Delivers "Paycheck Protection Program Increase Act" for Cattle Producers and Small Business

National Cattlemen’s Beef Association Vice President, Government Affairs, Ethan Lane issued the following statement in response to U.S. Senate passage of additional legislation, the Paycheck Protection Program Increase Act of 2020, to provide relief in the wake of the COVID-19 pandemic:

“We applaud the Senate for advancing this critical replenishment of funding to programs like Paycheck Protection Program (PPP), and we are pleased to see the reaffirmation of Congress’s intent that cattle producers be granted access to the Economic Injury Disaster Loan (EIDL) program administered by the Small Business Administration.

"We urge the House of Representatives to move swiftly to approve this package and deliver these funds to producers across the country who are continuing to...

Full Story »
Apr 23 8:18 AM, General News


NCBA Applauds USDA Relief Plan

National Cattlemen’s Beef Association President Marty Smith issued the following statement regarding the announcement related to USDA’s plan for distribution of CARES Act funding.

“We appreciate Agriculture Secretary Sonny Perdue’s announcement that the agency will soon distribute funding to the cattlemen and cattlewomen who desperately need help during this national emergency. We applaud USDA’s work to quickly craft a plan to distribute the funds to those who need it most and we look forward to learning more about that plan very soon. America’s cattle producers are facing unprecedented crisis after...

Full Story »
Apr 21 8:15 AM, General News


ANALYSIS: Recent Plant Closures Creating Additional Uncertainty in the Value Chain

One of the first meat plants to announce its temporary closure due to the coronavirus was the JBS beef plant in Souderton, Pennsylvania on March 31st. Since then, additional beef, as well as...

Full Story »
Apr 16 8:18 AM, UB Newswires


Coronavirus-Related Cattle Industry Losses Estimated at $13.6 Billion

A study released estimates cattle industry losses as a result of the COVID-19 pandemic will reach $13.6 billion. The study was commissioned by NCBA and conducted by a team of industry-leading agricultural economists led by Derrell Peel, Breedlove Professor of Agribusiness and Extension Livestock Marketing Specialist at Oklahoma State University, to assist USDA in determining how best to allocate CARES Act relief funds to cattle producers.

The study shows cow-calf producers will see the largest impact, with COVID-19-related losses totaling an estimated...

Full Story »
Apr 16 8:16 AM, General News


Hog Farmers Face COVID-19 Financial Crisis 

The impact of COVID-19 has caused hog values to plummet, creating a financial disaster for pork producers nationwide who face a collective $5 billion loss for the remainder of the year. At a press briefing, the National Pork Producers Council (NPPC) outlined the crisis as described by producers and the immediate relief they are requesting from the administration and Congress.

“We remain committed to supplying Americans with high-quality U.S. pork, but face a dire situation that threatens the livelihoods of thousands of farm families,” said NPPC President Howard “A.V.” Roth, a pork producer from Wauzeka, Wisconsin. “We are taking on water fast. Immediate action is imperative, or a lot of hog farms will go under.”

The suspension of pork packing plant operations and rising employee absenteeism due to COVID-19 has exacerbated an existing harvest facility capacity challenge due to...

Full Story »
Apr 16 8:15 AM, General News


USDA Confirms Highly Pathogenic H7N3 Avian Influenza in a Commercial Flock in South Carolina 

The United States Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) has confirmed the presence of highly pathogenic H7N3 avian influenza (HPAI) in a commercial turkey flock in Chesterfield County, South Carolina. This is the first confirmed case of HPAI in commercial poultry in the United States since 2017. It appears this HPAI strain mutated from a low pathogenic strain that has been found in poultry in that area recently.

No human cases of this H7N3 avian influenza virus have been detected and there is no immediate public health concern. As a reminder, the proper handling and cooking of poultry and eggs to...

Full Story »
Apr 13 8:44 AM, General News


Industry Reacts to Senate Passage of the Coronavirus Stimulus Package

The $2 trillion coronavirus stimulus package is expected to pass in Congress. The Senate passed the legislation Wednesday evening and the House is set to vote today. The bill includes $250 billion to make unemployment insurance available to more categories of workers and to extend the duration of benefits. About $150 billion will go to states, distributed according to population size. Another $349 billion will be used as loans for small businesses.

Matthew Shay, President and CEO of the National Retail Federation, said, "Companies that were investing, growing and contributing to a vibrant economy just a few weeks ago have been thrust into survival mode through no fault of their own." The Federation spoke on behalf of the retail industry in a press release by expressing appreciation for the efforts by leaders in Congress and President Trump to...

Full Story »
Mar 27 8:17 AM, Urner Barry


ANALYSIS: Record Cattle Basis – Driven By Steep Losses in CME and Retail Buying Support

Assuming April live cattle close limit up today, March 19, 2020 at $95.10, that is a $17.90 spread from yesterday's $113 live trade in the South compared to...

Full Story »
Mar 20 8:28 AM, Urner Barry


NPPC Tells Congress Oversight for Gene-Edited Livestock Should Be Under USDA 

Thanks to innovation and continuous improvements, U.S. hog farmers are the world’s leading suppliers of high-quality, safe and affordable pork. However, America is in danger of losing its leadership standing due to significant flaws in its current approach to regulating emerging animal breeding technologies, Iowa Pork Producers President Dr. Michael Paustian testified this morning before the Senate Agriculture Committee. Oversight should be under the U.S. Department of Agriculture (USDA), not the Food and Drug Administration (FDA).

Gene editing technology, which allows for precise changes within an animal’s own genome, offers tremendous promise to combat animal disease while producing safe food in a more sustainable fashion. “Livestock producers need...

Full Story »
Mar 13 8:26 AM, General News


PODCAST: Meet Courtney - Futures, Cattle, and Cats

This week Courtney Shum joined Laura to discuss her new role at Urner Barry reporting the cash markets for livestock, futures, and more. She gives insight into her contacts and the wealth of information they share with her...

Full Story »
Mar 10 9:48 AM, Urner Barry


North American Meat Institute Issues Statement on USDA’s Proposed Rule for Meat and Poultry Markets

The North American Meat Institute (Meat Institute) made the following statement regarding the United States Department of Agriculture’s Agricultural Marketing Service proposed rule on meat and poultry markets:

“We will review the proposed rule and work to ensure livestock producers have a variety of tools available to market their animals and to ensure meat and poultry markets remain competitive,” said Meat Institute President and CEO Julie Anna Potts. “Any rule must protect marketing agreements between packer/processors and livestock producers, which provide stability to the industry and benefits consumers with lower prices and...

Full Story »
Jan 14 8:16 AM, General News


NCBA Applauds Introduction of Hours of Service Legislation

The National Cattlemen’s Beef Association today applauded the introduction of bipartisan legislation by U.S. Reps. Angie Craig (D – 2nd Dist., Minn.) and Lloyd Smucker (R - 11th Dist., Penn.) that would provide flexible and common-sense relief from Hours of Service (HOS) rules for agricultural haulers.

The Responsible & Efficient Agriculture Destination (TREAD) Act would ensure that the current Hours of Service exemption that applies to the 150-air-mile radius from the source of an agricultural commodity adds the same 150 air mile radius flexibility to the back end of a trip, or the destination. The bill also clarifies that...

Full Story »
Oct 31 8:16 AM, General News




URNER BARRY INDICES




Load More
Label Label
Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

DISCLAIMER
THE INFORMATION, PRODUCTS, CONTENT AND DATA ON THE SITE ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. WE DO NOT WARRANT THAT THE FUNCTIONS CONTAINED IN INFORMATION, CONTENT AND DATA ON THE SITE (INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT) WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SITE OR THE SERVERS THAT MAKE SUCH INFORMATION, CONTENT AND DATA AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. MOREOVER, YOU ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION. WE DO NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF ANY INFORMATION, CONTENT, DATA, PRODUCTS OR SERVICES CONTAINED ON OR OFFERED, MADE AVAILABLE THROUGH, OR OTHERWISE RELATED IN ANY WAY TO THE SITE, INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT, OR ANY THIRD-PARTY SITES, PRODUCTS OR SERVICES LINKED TO FROM THE SITE IN TERMS OF THEIR CORRECTNESS, ACCURACY, COMPLETENESS, RELIABILITY, SAFETY OR OTHERWISE. APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.