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NAMI and NPPC Urge the USDA and Congress to Address Port Challenges
With delays and congestion at U.S. ports hurting U.S. agriculture exports like meat and poultry products, the North American Meat Institute (NAMI) and the National Pork Producers Council (NPPC) are urging U.S. Secretary of Agriculture Tom Vilsack and Congress to confront the crisis.
The issue at hand is the continued behavior of ocean carriers to decline to carry U.S. agriculture commodity exports and instead return empty containers to Asian markets to fill them with more lucrative consumer goods to export back to the United States. Also, NAMI claims that ocean carriers and marine terminal operators are...
USDA to Begin Work to Strengthen Enforcement of the Packers and Stockyards Act
The U.S. Department of Agriculture (USDA) will begin work on three proposed rules to support enforcement of the Packers and Stockyards (P&S) Act, the 100-year old law that was originally designed to protect poultry and hog farmers and cattle ranchers from unfair, deceptive, and anti-competitive practices in the meat markets. USDA’s pending action was noted in the Unified Agenda of Regulatory and Deregulatory Actions released by the White House Office of Management and Budget (OMB).
USDA intends to take three actions related to rulemaking in the months ahead. First, USDA intends to propose a new rule that will provide greater clarity to strengthen enforcement of unfair and deceptive practices, undue preferences, and unjust prejudices. Second, USDA will propose a new...
JBS USA Confirms Equivalent of $11 Million Ransom Payment to Hackers
In a press release Wednesday, JBS USA confirmed it paid the equivalent of $11 million in ransom in response to the cyberattack last week which affected its North American and Australian IT systems.
JBS USA was forced to temporarily close its beef and pork processing plants on June 1 following the Memorial Day weekend. Altogether, the company's facilities account for nearly a quarter of the total U.S. daily cattle and hog processing capacity. JBS's U.S. facilities resumed full operations by Friday and are maintaining normal operations so far this week. Week-to-date cattle slaughter is 154,000 head above the week prior. Week-to-date hog slaughter is up...
VIDEO: Morning Market Roundup June 8
Urner Barry's reporters discuss the poultry market plus the fallout from the JBS cyberattack.
JBS Informs White House that Cyberattack is Likely from Russia
JBS informed the White House that the cyberattack on the company that impacted its cattle and hog plants in the United States yesterday likely originated from Russia.
White House spokeswoman Karine Jean-Pierre said the FBI is investigating the attack and has contacted Russia’s government. Jean-Pierre explained, "the White House has offered assistance to JBS and our team at the Department of Agriculture have spoken to...
Major Cyber Attack Impacts JBS' Global Operations
On Sunday, May 30, JBS USA announced that it was the target of a cyberattack. According to a media statement, “the company took immediate action, suspending all affected systems, notifying authorities and activating the company's global network of IT professionals and third-party experts to resolve the situation. The company’s backup servers were not affected, and it is actively working with an Incident Response firm to restore its systems as soon as possible.”
JBS media contact Nikki Richardson explained that a solution will take time and that transactions with customers and suppliers could be delayed.
JBS Foods is the world’s largest beef and poultry producer and the second-largest global pork producer. The company has locations in the United States, Australia, Canada, United Kingdom, Mexico, Europe, and New Zealand...
Sanderson Farms Reports Results for Second Quarter of Fiscal 2021
Sanderson Farms reported results for its second fiscal quarter and six months ended April 30, 2021.
Net sales for the second quarter of fiscal 2021 were $1,133.9 million compared with $844.7 million for the same period a year ago. For the quarter, the Company reported net income of $96.9 million, or $4.34 per share, compared with net income of $6.1 million, or $0.28 per share, for the second quarter of fiscal 2020.
Net sales for the first six months of fiscal 2021 were $2,043.2 million compared with $1,667.8 million for the same period of fiscal 2020. Net income for the first half of the fiscal year totaled...
VIDEO: Morning Market Roundup May 25
Urner Barry's reporters discuss beef variety exports, boneless beef, and chicken demand.
Save the Date for Urner Barry's Global Protein Summit
After a year without in-person networking and educational events, we are excited to announce the return of Urner Barry's Global Protein Summit live in Chicago!Once again you can create new business connections, gain valuable perspectives on the protein markets, and learn from some of the top minds in the industry.
The Global Protein Summit will take place November 1st-3rd at The Drake Hotel in Chicago, Illinois...
Maple Leaf Foods Reports First Quarter 2021 Financial Results
Maple Leaf Foods reported its financial results for the first quarter ended March 31, 2021.
"Maple Leaf remains committed to delivering shared value, and to building an enduring company, with a vision to be the most sustainable protein company on earth," said Michael H. McCain, President and CEO. "We continue to deliver on our commitments. As we cross the one-year mark of the COVID-19 pandemic, I continue to be inspired by our dedicated front-line team members who come into work each day to produce the food we all need to stay healthy. Our number one priority is to keep our people healthy during this global crisis, and beyond. At the same time, we are delivering on our financial commitments, including both significant revenue growth and margin expansion in...
Tyson Foods Invests $425 Million in New Tennessee Poultry Complex
Tyson Foods along with local, state and federal officials met Thursday to officially open the company’s new poultry complex in Humboldt, Tennessee. The $425 million project, which includes a processing plant, feed mill and hatchery, represents Tyson’s biggest investment in Tennessee and the single largest corporate investment ever in Gibson County.
“We’re pleased to add to the growth in Gibson County with the opening of our new 370,000 square foot processing facility,” said Dean Banks, President and CEO, Tyson Foods. “We appreciate the support of all those who played a role in making this facility possible—the local community, county, state and...
Beyond Meat Opens Manufacturing Facility in China
Beyond Meat announced the grand opening of its new state-of-the-art manufacturing facility in the Jiaxing Economic & Technological Development Zone (JXEDZ) near Shanghai. As Beyond Meat’s first end-to-end manufacturing facility outside the U.S., the cutting-edge plant in Jiaxing is expected to significantly increase the speed and scale in which the company can produce and distribute its products within the region while also improving Beyond Meat’s cost structure and sustainability of operations.
Designed to serve China’s growing plant-based meat market, the facility will produce Beyond Meat’s innovative range of plant-based pork, beef and poultry products, including Beyond Pork™, the company’s first innovation created specifically for the Chinese market. By producing closer to the consumer and...
Poultry Quarterly Q2 2021: The Bumpy Road to Recovery
The outlook for the global poultry industry is gradually improving, but big differences remain between countries, and global poultry trade is still very competitive. The industry is facing major challenges due to Covid-19-related market disruption, very high and volatile feed prices, avian influenza (AI) in the northern hemisphere, and volatility coming from a bumpy recovery in countries affected by African swine fever (ASF). Key for producers will be to have a very disciplined supply growth, a focus on cost reduction via procurement, production efficiency, and feed formulation, as well as being prepared for big swings in demand driven by Covid-19-related government decisions.
As countries reopen foodservice, and while their control of Covid-19 improves, the poultry industry will start to recover. On average, 35% of global poultry consumption is via foodservice. “In countries where several of these disruptive factors come together, broiler prices have risen to high levels. Some governments have started to...
Meat Purchases and Confidence at Record Highs
Americans are buying more beef, pork, poultry, and lamb than ever as increased time at home during the pandemic sent meat grocery sales soaring by 20% (IRI) from 2019 to 2020.
The national analysis released shows that three out of every four Americans agree meat belongs in healthy, balanced diets (up by nearly 20% since 2020), and 94% say they buy meat because it provides high-quality protein.
Meat Institute President and CEO Julie Anna Potts commented...
Regulatory and Policy Update: What the Change in Administration Could Mean for the Meat Industry
With the change in administration, participants in the meat industry are closely eyeing what new leadership at USDA and other regulatory bodies could mean for areas including food safety, worker safety, and animal welfare.
In the virtual 2021 Annual Meat Conference, a panel of leading experts in regulatory and policy issues discussed updates on these factors and what industry participants at all levels might need to be prepared for in 2021.
Panelists included Casey Gallimore, Director and Scientific Affairs, North American Meat Institue; and Andrew Harig, Vice President, Tax, Trade, Sustainability & Policy Development, FMI.
Harig kicked off the panel by noting how Washington in March 2021 is drastically different from Washington in March 2020...
VIDEO: Morning Market Roundup March 16
Watch Urner Barry's reporters give insight into what is happening in the international markets this week in UK Beef, Mexican Beef, Turkey Exports and EU Eggs.
COVID-19 Disruptions Create New Areas of Opportunity and Risk for the Poultry Industry
Covid-19 is disrupting the business in ways the global poultry market had never planned for, creating new areas of opportunity and risk. The impacts of Covid-19 are spread very unevenly between regions and between companies.
“Company leaders and investors need to constantly review market conditions and adjust company positioning to optimize growth and returns. There will be bigger differences between winners and losers, which will lead to a process of accelerated capital investments, consolidation, and internationalization in the coming years,” according to Nan-Dirk Mulder, Senior Analyst – Animal Protein.
Rabobank has identified three stages of Covid-19’s impact on the global poultry industry...
AllCart, a New Grocery Savings App Launches to Help Consumers Save on Groceries
AllCart, announced the launch of the AllCart app, a free app that helps shoppers find the best local deals. AllCart is available on iTunes, Google Play and directly on AllCart's website. In today's market, American consumers committed to the best deals and spending less time in-short due to the pandemic, do not have many choices as popular services charge both shoppers and merchants exorbitant fees. AllCart addresses all these challenges in a seamless way that benefits all parties.
The proprietary data and algorithms powering AllCart's 90,000 stores' sales flyer analysis, provides app users with a simple way to identify the best grocery deals. This has helped consumers to save as much as...
Tyson Foods and Malayan Flour Mills Berhad Announce Partnership
Tyson Foods and Malayan Flour Mills Berhad announced a partnership in which Tyson Foods will invest in the Malaysia-based company’s vertically integrated poultry business, which will add more supply flexibility for both companies. The transaction is subject to approval by the shareholders of Malayan Flour Mills Berhad (MFM), amongst others.
“Once completed, the poultry deal will optimize our existing Malaysia business and expand MFM’s poultry business,” said Chris Langholz, International President of Tyson Foods. “This partnership will add...
Meat and Poultry Industry Reacts to COVID-19 Stimulus Package
The COVID-19 stimulus bill agreed upon by Congress contains language that would authorize the USDA to provide up to $1 billion in assistance to contract chicken growers for revenue losses sustained because of the pandemic. According to the bill, the fund is specifically for contract growers of livestock and poultry to cover up to 80% of revenue losses.
Mike Brown, President of the National Chicken Council, said, "On behalf of the chicken industry and our farm families across the country, I want to personally thank Senator Chris Coons (D-DE) for his leadership and his support in helping to secure this vital funding...
Poultry Quarterly Q1 2021: A Perfect Storm in 1H, Initial Recovery in 2H 2021
After the big disruption caused by Covid-19 in 2020, the poultry industry will face additional challenges in 2021, especially in 1H. Covid-19 will place ongoing pressure on foodservice and trade, and the consequent slow economic growth will lead to more price-driven market conditions. As market fundamentals appear challenging for 2021, the poultry industry should prepare for a tough year.
“Looking forward, we see four main challenges for the global poultry industry: ongoing Covid-19 impacts on markets, high and volatile feed prices, China’s African swine fever recovery, and...
Understanding Price Risk Management: an Interview with Stable
Urner Barry sat down with Richard Counsell to understand more about Stable’s business and the help they are providing the industry with their risk management tools. Growing up with a farming background in the southern UK, Richard spent his early career managing both commodity and technology focused businesses in London, Chicago and Melbourne. As the CEO of Stable, Richard currently divides his time between London, Minneapolis and Bermuda, expanding Stable's global platform to match complex commodity risks with simple financial solutions.
1. For the readers who have not yet heard of Stable, can you give a quick summary of your business?
Stable offers customizable price risk management tools across untraded, non-futures based agricultural markets. Our aim is to...
Barchart and Urner Barry Partner on Distribution for Benchmark Protein Prices
Barchart, a leading provider of market data and technology services to the financial, media and commodity industries; and Urner Barry, the leading publisher of market news and prices for the food industry, jointly announce a data and price distribution partnership for the global food and beverage market.
Under the terms of the agreement, Urner Barry will join Barchart’s cmdty Pricing Network (CPN), where their benchmark poultry, egg, meat, and seafood prices will be made available to...
APHIS Announces $14.4 Million in Farm Bill Funding to Protect Animal Health
The U.S. Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) is awarding $14.4 million to 76 projects with states, universities, and other partners to strengthen our programs to protect animal health.
This critical funding supports projects focused on increasing practical livestock biosecurity measures or advancing rapid depopulation and disposal abilities to be used during...
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...
What Does Prop 12 Mean for Egg, Veal, and Pork Producers in 2022?
NAMI and NPPC Urge the USDA and Congress to Address Port Challenges
Urner Barry Releases June Soy & Wheat Protein Report
NCBA Takes Action to Increase Producer Profitability Through USDA-Verified Labels
Alpha Foods Announces First Chief Marketing Officer Kierstin De West
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