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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: As Temperatures Rose, So Did Turkey Export Tonnage

Following three consecutive month-over-month reductions in total turkey export tonnage, July bucked the trend with outward volume increasing by 9.5 million pounds or 25.2% above...

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Sep 17 9:36 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


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...
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Jul 30 8:44 AM, General News


ANALYSIS: Turkey Exports in May: A Sign of the Times

Closely aligned with the real-world trade experiences of turkey market participants, May not only marks the second consecutive month of...

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Jul 23 8:22 AM, Urner Barry


Industry Reacts to Implementation of USMCA 

The United States-Mexico-Canada Agreement has officially entered into force, replacing NAFTA. The USDA stated that this improved agreement is a better deal for America's farmers, consumers, and workers that will set them up for success for decades to come.

Sonny Perdue, U.S. Secretary of Agriculture, said, "USMCA creates more market access for farmers from across our nation to sell their wholesome and nutritious products to our closest neighbors. This is a better deal for America that will grow our economy and put more money in the pockets of American families.”

Robert Lighthizer, United States Trade Representative, stated, "This marks the beginning of a new and better chapter for trade between the United States, Mexico and Canada, just as President Trump promised he would deliver for the American people." Lighthizer added that the USMCA contains significant improvements and...

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Jul 2 10:50 AM, Urner Barry


ANALYSIS: A Mixed Month for Turkey Exports

For the past three months, total turkey export volume has consistently trended below year-ago levels and April was no exception...

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Jun 11 8:10 AM, Urner Barry


ANALYSIS: Chicken Exports Spring Forward as China Makes a Comeback

The latest release of the USDA’s export figures help to paint a strong underlying picture to our trade relations with key export partners, and marks a significant return of...

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May 18 8:15 AM, Urner Barry


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...
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May 1 8:21 AM, General News


ANALYSIS: February Turkey Exports: Bittersweet

With February marking the second month of YoY reductions in total turkey export volume, it's safe to say that early year selling sentiment has been...

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Apr 9 8:25 AM, Urner Barry


ANALYSIS: Turkey Thigh Meat and Pork Hams: Feeling the Export Pressure

Marketers of turkey thigh meat and boneless pork hams are certainly no stranger to some cross-protein competition...

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Apr 2 8:19 AM, Urner Barry


PODCAST: USMCA - What It Means for Protein

This week Michelle Klieger returns to the show to discuss the NAFTA replacement. She discusses the new opportunities for protein exporters and producers in the US as a result of the agreement and of course, China...

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Feb 11 10:33 AM, Urner Barry


President Trump Signs USMCA into Law at White House Ceremony

At a signing ceremony this morning, the United States-Mexico-Canada Agreement replaced the North American Free Trade Agreement. President Trump described the deal as the "largest, fairest, most balanced and modern trade agreement ever achieved."  President Trump added that this is a colossal victory not only for farmers and ranchers, but American workers in all 50 states and beyond.

The USMCA is estimated to add 1.2 percent to the Gross Domestic Product and create countless jobs. President Trump said that this will make "Our blue-collar boom, which is beyond anybody's expectation, even bigger, stronger, and...

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Jan 29 11:44 AM, Urner Barry


Industry Applauds Senate Ratification of the USMCA 

The Senate passed the U.S.-Mexico-Canada Agreement, by a bipartisan vote of 89-10. The USMCA will advance United States agricultural interests in two of the most important markets for American farmers, ranchers, and agribusiness. The agreement builds upon existing markets to expand U.S. food and agricultural exports while supporting food processing and rural jobs. Canada and Mexico are the first and second largest export markets for U.S. food and agricultural products, totaling more than $39.7 billion food and agricultural exports in 2018, supporting 325,000 American jobs. Now, the USMCA will be heading to President Trump's desk for his signature.

Sonny Perdue, U.S. Secretary of Agriculture, said, "We’ve long waited for this day and now USMCA will finally head to the President’s desk. The passage of USMCA is great news for America’s farmers and ranchers. With Congressional consideration now complete...

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Jan 17 8:15 AM, Urner Barry


ANALYSIS: Variety Meat Exports to Mexico See an Impressive Increase in Value YoY

According to data released by the USDA and compiled by the USMEF, November exports of beef were below the previous year's large totals. However, in Mexico, exports increased...

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Jan 10 9:29 AM, Urner Barry


NPPC Applauds Senate Committee Approval of USMCA

Today, the U.S. Senate Finance Committee approved the U.S.-Mexico-Canada (USMCA) trade agreement, which once implemented will provide much-needed certainty to U.S. pork producers.

“We thank Senate Finance Committee Chairman Chuck Grassley (R-Iowa) for making USMCA passage a top priority and we thank those members of the committee who support this important trade deal,” said National Pork Producers Council President David Herring, a hog farmer from Lillington, N.C. “USMCA will allow the U.S. pork industry to maintain long-term, zero-duty market access to two of our largest export markets.

“We now urge Senate Majority Leader Mitch McConnell (R-Ky.) to schedule a vote on the floor...

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Jan 7 11:47 AM, General News


Ambassador Lighthizer Issues Statement on House Passage of the USMCA

United States Trade Representative Robert Lighthizer issued the following statement after the House of Representatives overwhelmingly approved the United States-Mexico-Canada Agreement (USMCA) by a vote of 385-41:

“House passage of the USMCA with such huge bipartisan support is a major milestone and shows just how much President Trump is successfully changing U.S. trade policy so it works for the benefit of American workers, farmers, ranchers and businesses. The USMCA is expected to create between 176,000 and 589,000 new American jobs and substantially increase economic growth. The International Trade Commission’s analysis shows that...

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Dec 20 8:36 AM, General News


Industry Reacts to Agreement on USMCA 

United States Trade Representative Robert Lighthizer and Speaker of the House Nancy Pelosi announced agreement on the U.S.-Mexico-Canada Agreement. Mexico approved U.S. changes to the USMCA, paving the way for a congressional ratification. The Trump Administration worked closely with Congressional Democrats to address their concerns in the revisions to the trade agreement.

The USMCA will advance U.S. agricultural interests in two of the most important markets for American farmers, ranchers, and agribusiness. This high-standard agreement builds upon the country's existing markets to expand United States food and agricultural exports while supporting food processing and rural jobs. According to the USDA, Canada and Mexico are the first and...

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Dec 11 8:20 AM, Urner Barry


Secretary Perdue Statement on USMCA Agreement

U.S. Secretary of Agriculture Sonny Perdue issued the following statement after United States Trade Representative Robert Lighthizer and Speaker of the House Nancy Pelosi announced agreement on the U.S.-Mexico-Canada Agreement (USMCA): 

“USMCA is a big win for American workers and the economy, especially for our farmers and ranchers. The agreement improves virtually every component of the old NAFTA, and the agriculture industry stands to gain significantly,” said Secretary Perdue. “President Trump and Ambassador Lighthizer are laying the foundation for a stronger farm economy through USMCA and I thank them for all their hard work and perseverance to get the agreement across the finish line. While I am very encouraged by today’s breakthrough...

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Dec 10 11:33 AM, General News


Bachoco will Invest in Processed Swine Business in Mexico

Bachoco announced that an agreement has been reached on investing in the company Sonora Agropecuaria S.A. de C.V. "SASA", a swine processing and distributor company with operations in the states of Sonora and Jalisco.

SASA is one of the ten principle processors in Mexico. They have a production capacity of about 15,000 swine per week, having participation in the national and export markets.

Rodolfo Ramos, Bachoco's Chief Executive Officer, stated...

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Dec 2 9:08 AM, General News


USMEF Elects New Officer Team, Examines Trade Challenges

The U.S. Meat Export Federation (USMEF) concluded its Strategic Planning Conference in Tucson, Ariz., with the election of new officers. Cevin Jones, a cattle feeder from Eden, Idaho, was elected USMEF chair. He succeeds Iowa pork producer Conley Nelson.

“My first involvement with USMEF was when I was marketing chair with the Idaho Cattle Association,” recalled Jones, who along with his brother operates Intermountain Beef, a custom feedlot. “As part of my duties I would go to national conventions where USMEF staff and leadership shared information about their work in international markets. This was a tremendous eye-opener. I valued the importance of export markets then, but value them even more today.”

Jones became president of the Idaho Cattle Association in November 2003, shortly before one of the most disruptive events in the history of the U.S. beef industry...

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Nov 11 9:20 AM, General News


NPPC Launches 'Pork O' Clock' to Highlight Importance of USMCA Agreement 

Today, the National Pork Producers Council (NPPC) launched a dynamic new campaign, “It’s Pork O’ Clock Somewhere,” to highlight the importance and benefits of the U.S.-Mexico-Canada (USMCA) trade agreement. The campaign focuses on pork and the many ways it’s enjoyed across North America.

“Ratification of USMCA is the top priority for U.S. pork producers and there is no better way to highlight its importance than a campaign that illustrates how pork is enjoyed across United States, Canada and Mexico,” said David Herring, NPPC president and a pork producer in Lillington, N.C. “A USMCA agreement provides much-needed market certainty for U.S. pork producers, ensuring...

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Nov 7 9:46 AM, General News


Secretary Perdue Leads USDA Trade Mission to Mexico

U.S. Secretary of Agriculture Sonny Perdue will lead a trade mission to Mexico November 6-8 to forge new opportunities with U.S. agriculture’s largest bilateral trading partner and second-largest export market. Currently, Mexico is the number one export market for U.S. corn, dairy, poultry and eggs, sugar and sweeteners, distillers dried grains, and rice. The country also ranks among the top destinations for an assortment of processed foods and beverages, as well as other products including soybeans, beef, pork, wheat, fruits, and vegetables. Agricultural exports from the United States to Mexico totaled $19 billion in 2018, with export growth seeing a 23% increase between 2008 and 2018. These numbers prove opportunity for more trade growth between Mexico and the United States. The Secretary will be joined by Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney and more than...

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Nov 5 10:21 AM, Urner Barry




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