UB Consulting: The Rise of HPAI Cases and the Possible Effect on Egg Prices 

The egg market has experienced increased volatility in pricing with the reemergence of highly pathogenic avian influenza (HPAI). The virus was first redetected in December 2021 in Indiana with a turkey flock but has now spread to various layer farms across the United States. Although producers are taking precautions, market participants fear that the outbreak may rival the impacts of the HPAI outbreak in 2015 that led to a significant supply shock...

Cal-Maine Foods Reports Third Quarter Fiscal 2022 Results

Cal-Maine Foods, Inc. reported results for the third quarter of fiscal 2022 (thirteen weeks) and 39-week period ended February 26, 2022.

Net sales in the third quarter of fiscal 2022 increased 33.0 percent to $477.5 million compared to $359.1 million in the third quarter of fiscal 2021. The Company reported net income of $39.5 million, or $0.81 per basic and diluted common share, for the third quarter of fiscal 2022, compared to net income of $13.5 million, or $0.28 per basic...

This Week in Retail: Steak Features See Boost from Warmer Weather; Eyeing HPAI

Sunday marked the official start of spring. For retailers, that means grilling season is rapidly approaching, and with it—the opportunity for increased meat sales.

Steak features surged this week, accounting for 50.5 percent of total beef ads—up 16 percentage points from the week prior. Feature volume for roasts, meanwhile, has decreased, falling from 38.2 percent last week to 23.2 percent this week.

This week in retail, the steak complex averages $8.12 per pound, up 12.8 percent from a year ago. Boneless strip steaks are widely featured at grocery outlets across the nation and average $11.68 per pound, up 36 percent from a year ago. Top sirloin steaks are up 3.3 percent YoY at $5.64 per pound while bottom round steaks clock in at $5.54 per pound, up a whopping 68.4 percent from this week last year...

Production Begins at Golden Heritage Cage-Free Egg Farm

The Cooper Farms Egg Division celebrates the opening of their new partnership farm, Golden Heritage Cage-Free Egg Farm in Western Ohio, with an inline egg grading and packing plant.

Golden Heritage will house 1.96 million egg layers and is permitted to increase to 4 million.

Located on 100 acres of land, Golden Heritage has a Fienhage Aviary Layer System, allowing the chickens to move as they please around the four-level farm.

Cage-free eggs from Golden Heritage will meet criteria to be sold in California and under all...

Cal-Maine Foods Reports Second Quarter Fiscal 2022 Results

Cal-Maine Foods, Inc. (NASDAQ: CALM) today reported results for the second quarter of fiscal 2022 (thirteen weeks) and 26-week period ended November 27, 2021.

Net sales in the second quarter of fiscal 2022 increased 12.5 percent to $390.9 million compared to $347.3 million in the second quarter of fiscal 2021. The Company reported net income of $1.2 million, or $0.02 per basic and diluted common share, for the second quarter of fiscal 2022, compared to net income of $12.2 million, or $0.25 per...

Urner Barry's New Market Briefing Provides an In-Depth Look at the Protein Trade Before the Holidays

Urner Barry is the leading provider of protein market news and information in the food industry. Through daily canvasses of the trade and an unrivaled historical database, our analysts are uniquely positioned to report on the underlying conditions and significant disruptors to the market. In this Market Briefing, Urner Barry reporters outline the latest action in the commodity protein markets, highlighting seasonal factors, disruptors, and current supply and demand fundamentals...

Urner Barry’s Consulting Division to Launch Egg Market Forecasting Report

Urner Barry, the leading provider of protein market news and information in the food industry, is pleased to announce the much-anticipated release of the Egg Market Forecast report.

Brought to you exclusively through Urner Barry Consulting, the report will provide forward-looking data and market intelligence on the egg market—allowing subscribers to identify trends before they happen.

UB Consulting’s Egg Market Forecast will be a subscription-based, bi-weekly report (every two weeks) that projects market conditions six months into the future. The report will feature historical and forecasted data, confidence intervals, charts, and...

The Executive Conference is Back and Better Than Ever This Year—and There's Still Time to Register!

We're bringing you in-person networking, impactful content, and a hard-hitting lineup of speakers, including the one and only Bo Jackson!

Urner Barry’s Executive Conference is just a few weeks away and there’s still time to register and make your way to Las Vegas for this exclusive event!

This year’s show is at The Venetian in Las Vegas, September 26-28^th. Yes, we are LIVE and in-person this year and we know you are anxious to get back down to business and meet with fellow colleagues to network and learn at the industry’s most prestigious event!

The past 18 months have brought countless challenges and disrupted market dynamics more than ever before. Our industry has...

ANALYSIS: Renewed Retail Demand Brings Stability to the Shell-Egg Market

It appeared at the start of the week that the US shell-egg market was poised for a potential turn to the downside as spot market offers began to...

Cal-Maine Foods Reports Fourth Quarter Fiscal 2021 Results

Cal-Maine Foods, Inc. (NASDAQ: CALM) today reported results for the fourth quarter (thirteen weeks) and fiscal year ended May 29, 2021.

Net sales for the fourth quarter of fiscal 2021 were $349.8 million, compared to $453.3 million for the fourth quarter of fiscal 2020. The Company reported a net loss of $4.2 million, or $0.09 per basic and diluted share, for the fourth quarter of fiscal 2021, compared to net income of $60.5 million, or $1.25 per basic and...

Market Trends to Watch Ahead of Independence Day

Urner Barry is the leading provider of protein market news and information in the food industry. Through daily canvasses of the trade and an unrivaled historical database, our analysts are uniquely positioned to report on the underlying conditions and significant disruptors to the market. In this Market Briefing, Urner Barry reporters outline the latest action in the commodity protein markets, highlighting seasonal factors, disruptors, and current supply and demand fundamentals.

Access the latest UB Market Briefing HERE.  

ANALYSIS: Cage-Free Inventories Mount as Proposition 12 Deadline Draws Closer

While cage-free inventories have been steadily climbing over the past several years as producers prepare for the forthcoming deadlines, USDA data shows they’ve begun to increase at a faster pace in recent weeks, surging...

Cal-Maine Foods Completes Acquisition of Interest in Red River Valley Egg Farm

Cal-Maine Foods announced that the Company has closed the previously announced purchase of the remaining 50 percent joint venture membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc, effective May 30, 2021. The entity is now a wholly owned subsidiary of the Company. Red River Valley Egg Farm, LLC owns and operates a specialty shell egg production complex with approximately 1.7 million cage-free laying hens, cage-free pullet capacity, feed mill, processing plant, related offices and outbuildings and...

Summer is Almost Here and UB Has the Scoop on Market Trends Heading into MDW

Urner Barry is the leading provider of protein market news and information in the food industry. Through daily canvasses of the trade and an unrivaled historical database, our analysts are uniquely positioned to report on the underlying conditions and significant disruptors to the market. In this Market Briefing, Urner Barry reporters outline the latest action in the commodity protein markets, highlighting seasonal factors, disruptors, and current supply and demand fundamentals.

Access the latest UB Market Briefing HERE...