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Alternative Protein Market for Animal Feed Worth $4 Billion by 2026
The global alternative protein market for animal feed is projected to cross USD 4 Billion by 2026, according to a new research report by Global Market Insights, Inc. Growing animal feed business coupled with increasing livestock production across the globe are expected to have a positive impact on alternative protein industry for animal feed during the forecast period.
The alternative protein market for animal feed from the cattle livestock segment exceeded...
The NPD Group Reveals Consumers' Top Plant-Based Product Choices
When it comes to eating plant-based foods, consumers are definite in which types of these foods they want to eat at home and which they want to eat from a restaurant or foodservice outlet, finds The NPD Group. About 93% of meals or snacks that include milk alternatives are consumed at home and 7% are at/from a restaurant or foodservice outlet.
When it comes to meat analogues, restaurants and other foodservice outlets have the largest share of eating occasions at 78% while at home represents...
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 Announces Plans for Additional Production Facilities for Its International Business
Tyson Foods, Inc. announced plans to build new production facilities in China and Thailand, and expand its facility in the Netherlands. The latest expansions, adding over 100,000 metric tons of fully cooked poultry capacity, build on the company’s global growth strategy to become the leader in protein by serving emerging markets and strategic customers.
“Global population and income growth will continue to drive an increased need for protein,” said Dean Banks, president and CEO of Tyson Foods. “These investments allow us to increase our in-country operations and global export capabilities, helping us bring more safe, high-quality protein for...
Maple Leaf Foods Reports Third Quarter 2020 Financial Results
Maple Leaf Foods Inc. reported its financial results for the third quarter ending September 30, 2020.
"Maple Leaf continues to deliver on its responsibility as an essential service, its commitment to protect employees, and its support of local communities during these extraordinary times," stated Michael H. McCain, the Company's President and CEO. "I continue to be amazed and humbled by the steadfastness of our team and their ability to maintain critical infrastructure in the face of extremely challenging circumstances.
"Our operational resiliency, strong brands, and the success of our sustainable meat strategy delivered excellent results in Meat Protein in the third quarter," continued Mr. McCain. "While supply chain disruptions impacted short-term Plant Protein performance, we are seeing...
ADP Direct Poultry Acquires Cami International
ADP Direct Poultry announced the acquisition of Cami International Poultry. Cami is a poultry slaughter and processing company located in Welland, Ontario, and employs 55 people.
"I've believed for years that vertical integration was critical to the company's long-term aspirations. Cami's business operations end where ADP's further poultry processing operations begin, so there isn't overlap between the two businesses. This acquisition gives ADP a consistent supply of poultry with the size and specification required by ADP customers, which makes Cami the perfect addition to the ADP team' said Augo Pinho, President & CEO of ADP.
Terms of the deal will remain confidential, but 100% of Cami shares were acquired, and...
Olymel Invests Over $30 Million in St-Damase Poultry Processing Plant
Olymel management announced an investment of more than $31.5 million to expand its poultry slaughtering and cutting plant in St-Damase, Montérégie, in order to diversify operations and add new activities. This project will result in the creation of more than 80 new jobs and bring the total number of employees at this facility to nearly 500, spread over two shifts. This major investment is aimed in particular at equipping the plant with additional cutting, deboning and tray packing lines, as well as new high-capacity, state-of-the-art equipment. The work, which is expected to last about a year, will take place without interrupting the plant's current operations and had begun...
Rabobank's Poultry Quarterly Q4 2020: The Challenge of Balancing Volatile Markets
Moving through Q4 2020 and into 2021, the global poultry industry will operate in a volatile market context, with pressure coming from foodservice and wholesale markets. Possible new waves of Covid-19 will add to the market ups and downs, and the impact of a deep economic crisis will make markets more price-driven.
“Over the whole year, we expect a slight increase in global poultry production, mostly as a result of poultry expansion in China and Vietnam, where African swine fever has reduced pork availability, and also from expansion in the US. The rest of the world will be...
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...
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...
Animal Welfare Audits Across Tyson Foods’ Poultry Business are Now Certified
Tyson Foods announced it is the first company to receive audit certification for all poultry across its supply chain after its FarmCheck Animal Welfare Program completed the certification of company-wide poultry audits from the Professional Animal Auditor Certification Organization (PAACO).
PAACO recently certified FarmCheck audits for both breeders and turkeys, bringing the company’s total certified poultry audits to three, following broiler chicken certification by PAACO in 2019.
The FarmCheck program is a third-party animal welfare auditing program that ensures livestock and poultry suppliers for Tyson Foods are evaluated and monitored for important animal welfare criteria including...
Rabobank 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.
Prices will see some recovery after historic lows in 1H. Breast meat should benefit from the reopening of foodservice, although...
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...
America’s Meatpacking Facilities Operating More than 95% of Capacity Compared to 2019
U.S. Secretary of Agriculture Sonny Perdue today applauded the safe reopening of critical infrastructure meatpacking facilities across the United States. As of this morning, across the cattle, swine, and broiler sectors, processing facilities are operating more than 95% of their average capacity compared to this time last year. In fact, beef facilities are operating at 98%, pork facilities are operating at 95%, and poultry facilities are operating at 98% of their capacity compared to the same time last year.
America’s meatpacking facilities are safely resuming operations following President Trump’s Executive Order directing the facilities to implement the Centers for Disease Control and Prevention (CDC) and the Department of Labor’s Occupational Safety and Health Administration (OSHA) guidelines specifically created for...
China to Encourage Local Governments to Stockpile Poultry, Aquaculture Products
China said on Wednesday that it encourages local governments to temporarily stockpile poultry and aquaculture products in a bid to support the farming sectors after the unprecedented coronavirus cut production and supplies.
China will increase fiscal and tax support for poultry and aquaculture producers to help them survive the impact from coronavirus containment measures, according to a statement jointly issued by the state planner and the country's agriculture ministry.
Lockdowns on people and goods to curb the outbreak has disrupted logistics and production in the farming sector, threatening...
African Poultry Sector Remains Strong Opportunity for Investors
According to a recent Rabobank report, the time is now for investors that are looking to stake their claim in the African poultry industry.
A report authored by Nan-Dirk Mulder, Senior Analyst, Animal Protein, said that local and international investors are eyeing the steady growth for both the African poultry and egg industries over the past decade and see the region as a strong investment opportunity...
Rabobank’s initial report on investment opportunities in African poultry, “Time for Africa” was released in 2017, and Mulder provided an update on an opportunity...
REPORTER: From Fast Food to Halal, Mennella’s Poultry Does it All
Entering its 75th year in business, Mennella’s Poultry is a third-generation meat distributor in Paterson, New Jersey. Back when all one could ever need was located on a single street, consumers would visit Mennella’s to purchase a dozen eggs or poultry from their live chicken market. In 1964 the World’s Fair came to New York, and Mennella’s Poultry was hired by Chicken Delight to deliver products to the fair. The business was working around the clock, driving to Delaware and Pennsylvania daily, picking up chickens and preparing them...
REPORTER: Artificial Intelligence: Paving the Way Towards More Efficient Poultry Production
Artificial intelligence (A.I.) can best be defined as a computer or system of computers used to replicate human intelligence. This includes visual perception, vocabulary, analytical decisionmaking processes, and translation between languages. A.I. technology is far-reaching. It is currently utilized in a variety of forms and functions around the world, which range from spam email filters up to commercial aircraft autopilot systems. The enhanced capabilities of machine vision, neural networks, and deep learning, however, have begun to carry us into a new realm in which computer technology can...
Top Meat, Poultry, Egg and Seafood Price Action Broken Down in the Latest Market Briefing
Current Restaurant Restrictions and Capacity By State
Billions in Consumer Spending Are Shifting as COVID-19 Forces Widespread Retail Disruption
The NPD Group Reveals Consumers' Top Plant-Based Product Choices
Americans Flock to Chicken, the Nation’s #1 Quarantine Protein
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