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IRI Releases Data Detailing Availability of Key Thanksgiving Holiday Sides
IRI®, a global leader in innovative solutions and services for consumer, retail and media companies, today released new data on availability of a basket of five Thanksgiving-related grocery categories across stores nationally.
“As the holiday season approaches and widespread supply chain challenges continue to impact industries across the economy, IRI is tracking a basket of items for their availability, demand, price and promotion for Halloween, Thanksgiving and Christmas,” said Dr. Krishnakumar (“KK”) S. Davey, president of IRI Client Engagement. “Halloween season is shaping up nicely..."
Albertsons Sees More Inflation
Albertsons Cos. projected higher inflation for the rest of the year, driven by higher supply-chain and labor costs across the food industry.
The Boise, Idaho-based supermarket chain is passing through some price increases to shoppers but said it is also offering cheaper alternatives. Executives said consumers are still spending heavily on groceries as they stay at home and cook more than they did before the pandemic.
"We have not seen material change in customer behavior," Chief Executive Officer Vivek Sankaran said Monday during a call with analysts.
Food companies say they have been...
Urner Barry Releases October Soy & Wheat Report
In the latest WASDE report, the USDA stated that the outlook for 2021/22 U.S. wheat this October is reduced supplies, lower domestic use, unchanged exports, and decreased ending stocks. Projected 2021/22 ending stocks were reduced by 35 million bushels to 580 million, which are the lowest U.S. ending stocks since 2007/08. The projected 2021/22 season-average farm price was raised $0.10/bu to $6.70/bu on reported NASS prices to date and price expectations for the remainder of 2021/22.
Soybean supplies for 2021/22 were projected at 4.7 billion bushels, up 145 million on higher production and beginning stocks. With higher crush and unchanged exports, 2021/22 ending stocks were projected...
NRF Statement on White House Supply Chain Summit
The National Retail Federation today issued the following statement from President and CEO Matthew Shay following NRF’s participation in today’s White House meeting with the business community, carriers, as well as labor and port representatives in order to find solutions to address supply chain challenges.
“We thank President Biden, Vice President Harris, Secretary Buttigieg, Director Deese and Port Envoy John Porcari for their leadership to address the ongoing global supply chain disruption. It is critically important that we all come together – business, labor and government – to address the current issue..."
How Walmart is Navigating the Supply Chain To Deliver This Holiday Season
We have all seen and heard a lot in recent months about supply chain issues across the retail industry. With so many news stories about port delays, increased consumer demand and holiday season forecasting, it’s natural to wonder whether items will make it to store shelves and how this might affect holiday preparations.
But increased demand for the products customers want is nothing new for this time of year, and it’s certainly nothing new for Walmart. We’ve been delivering the holidays for over 50 years. This year, we’re...
New Supply Chain Program Offers Training in Critical, Growing Area for Retailers
The NRF Foundation and the Association for Supply Chain Management (ASCM) Foundation today announced the launch of a new Warehouse, Inventory and Logistics certificate for retail employees. The program will be offered as the newest credential as part of the NRF Foundation’s RISE Up skills training portfolio.
“Ecommerce and supply chains are increasingly essential to our economy,” said NRF President and CEO Matthew Shay. “The Warehouse, Inventory and Logistics credential will give job seekers and employees the training they need to navigate the complex..."
PODCAST:Executive Conference 2021: The Return To In-Person Events, Networking, And Market Analytics
This week on Market Digest our host Laura Zinger discusses the return to live events with our very own Nidha Jasrai and CEO Joe Muldowney. Topics include the "back to school" type feeling of going to an in-person event, the chance to golf with all-star athlete Bo Jackson after his keynote speaking session, and the overall superiority of networking in person.
Follow this link to register for the Executive Conference!https://www.urnerbarry.com/executive/
Coalition of Businesses, Trade Groups Endorse Ocean Shipping Reform Act
A coalition of more than 152 companies and trade associations representing U.S. importers, exporters, transportation providers and other supply chain stakeholders today submitted a letter of support to Congress endorsing the Ocean Shipping Reform Act of 2021.
The bipartisan legislation was introduced last month by Congressmen John Garamendi and Dusty Johnson and would update the Shipping Act to recognize the significant changes to the international maritime transportation system of the past two decades. U.S. companies, their workers and consumers rely on a global maritime transportation system to support their businesses...
Walmart Responds to Continued Growth by Hiring 20,000 Additional Supply Chain Associates
As our business continues evolving to meet the needs of today’s customers, having a robust supply chain is more important than ever. That’s why we’re excited to announce that our team is growing.
We released FY22 Q2 earnings last week, and they revealed just how much Walmart has grown over the past year — we had another strong quarter. Innovation across all areas of the business had a huge impact on our growth, and earlier this year, we shared plans to roll out high-tech automation systems to...
Retail Cargo Expected to Set Record in August as Merchants Move from Back-to-School to Holiday Prep
Imports at the nation’s largest retail container ports should hit yet another record in August as consumer demand continues to stretch supply chains and retailers shift from the back-to-school season to the peak shipping season for winter holiday merchandise, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
“Back-to-school supplies have been hit by the same supply chain disruptions and port congestion that have affected"...
NRF Chief Economist Says Vaccination is ‘Key to Further Economic Recovery’
The economy is growing quickly but its future still depends on slowing the coronavirus pandemic as consumers worry about new variants of the virus, National Retail Federation Chief Economist Jack Kleinhenz said today. Meanwhile, a labor shortage and supply chain disruptions are setting the stage for increased inflation.
“We are now in the second half of 2021 and the economy has heated up along with the summer temperatures,” Kleinhenz said. “Gross domestic product surpassed its pre-crisis peak during the second quarter and...
Tyson Fresh Meats Leader Testifies About Beef Industry at Senate Hearing
Shane Miller, group president of Tyson Fresh Meats, the beef and pork unit of Tyson Foods, testified about the beef industry during a hearing held today by the U.S. Senate Committee on the Judiciary. Below is Miller’s written testimony:
Chairman Durbin, Ranking Member Grassley, members of the Judiciary Committee, thank you for inviting me here today.
I proudly represent Tyson Foods, a company based in Springdale, Arkansas, and founded nearly a century ago by John W. Tyson, who started this business trucking chickens to markets across the Midwest...
PODCAST: UK Beef Chats Episode 25
This week on UK Beef Chats, market expert Mike Nesbitt discusses how different parts of the supply chain are mitigating elevated prices and supply issues. Also covered are notable trends in the imports market.
Yum! Brands Annual Global Citizenship & Sustainability Report Shows Company's Commitment to Growth
Yum! Brands, Inc. released its annual Global Citizenship & Sustainability Report, highlighting the Company’s strategic investments in socially responsible growth, risk management and sustainable stewardship of its people, food and impact on the planet. Yum! and its KFC, Pizza Hut, Taco Bell and The Habit Burger Grill brands made progress in critical areas including climate action, food safety and creating greater equity and opportunity across its system.
“2020 marked a turning point for communities and businesses around the world, as the pandemic deepened existing societal issues and inequalities"...
C&S Wholesale Grocers Purchases Albertsons' Frozen Contract With Burris Logistics
C&S Wholesale Grocers, Inc., an industry leader in supply chain solutions and wholesale grocery supply in the United States, has purchased Albertsons' frozen service contract from Burris Logistics.
"C&S's legacy is innovating ahead of market trends and this agreement is the next step in our transformation journey. It will further strengthen our service with Albertsons in the frozen product, as well as support a new relationship with Albertsons' mid-Atlantic division," said Rick Cohen, Chairman, C&S Wholesale Grocers...
NCBA Notes Introduction of Misguided Agriculture Bill from Senator Booker
The National Cattlemen’s Beef Association (NCBA) noted the introduction of misguided legislation entitled the Farm System Reform Act by Senator Cory Booker (D-NJ) and Congressman Ro Khanna (D-CA). NCBA Vice President of Government Affairs Ethan Lane gave the following response.“In the past week, Democrats in Washington have put forward two starkly different proposals for strengthening the future of American cattle farmers and ranchers. One of these paths, namely the recent announcement from Secretary Vilsack, offers...
JBS Releases 2020 Sustainability Report
JBS USA, a leading global food company and the majority shareholder of Pilgrim’s Pride Corporation released its 2020 Sustainability Report: Celebrate Your Foodprint, which includes new aggressive global targets and completion of its 2020 sustainability goals. The report transparently details the company’s sustainability actions across its global operations in North America, the UK, Continental Europe, Australia and New Zealand.
“Our sustainability promise is stronger than ever, as we deliver on our goals and continue to raise the bar for more sustainable food production,” said Andre Nogueira, JBS USA CEO. “We have established a new vision...
NCBA Thanks President Biden, Secretary Vilsack for Taking Steps to Strengthen Beef Supply Chain
President Biden signed an Executive Order which initiates several federal rulemakings and commits $500 million to expanding processing capacity in the beef industry. The National Cattlemen's Beef Association (NCBA) thanked President Biden and U.S. Department of Agriculture (USDA) Secretary Vilsack for acting rapidly to address key concerns impacting cattle and beef producers.
NCBA welcomed the announcement of rulemakings to improve the accuracy of the "Product of the USA" beef label and implement...
Retail Cargo Continues to See Double-Digit Increases Over 2020 as Supply Chain Disruptions Continue
Imports at the nation’s largest retail container ports are continuing to show double-digit growth over last year as strong consumer demand keeps up its momentum, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“The year-over-year growth we saw this spring was off the charts because the comparisons were against a time when most stores were shut down due to the pandemic,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “But we’re continuing to see strong growth even as we enter a point when stores had begun to reopen last year. That’s a sign of the...
Papa John's Announces New Hiring, Referral and Appreciation Bonuses for Front-line Workers
Papa John’s International announced new hiring, referral and appreciation bonuses for its approximately 14,000 front-line team members in the company’s corporate restaurants and supply chain, recognizing again their essential role in the company’s record growth and industry outperformance. Papa John’s also plans to make additional investments in its full-time staff in its higher volume company-owned stores to support continued growth. The company expects to invest approximately $2.5 million in these initiatives during the remainder of 2021.
“The incredible hard work and commitment of our team members, which powered Papa John’s tremendous performance and transformation over the past 18 months, is just as important to...
Kroger Collaborates with KNAPP to Modernize and Expand Great Lakes Distribution Center
Kroger and KNAPP, a global leader in intelligent automation and specialized software solutions, announced their agreement to deploy, expand, and enhance the capabilities and capacity of the retailer's existing Great Lakes Distribution Center in Delaware, Ohio. The facility is currently being renovated to add modern state-of-the-art technology and is expected to be complete this summer.
The distribution center opened in 2003 and currently services 115 stores in central and northwest Ohio, as well as southeast Michigan and the Ohio River Valley region. During the renovation, the facility will...
PODCAST: UK Beef Chats Episode 23
This week on UK Beef Chats, market expert Mike Nesbitt updates us on supply chain pressure on the UK market and availability for product, retail and summer barbeque demand, sporting events supporting meat sales and more.
VIDEO: State of the Market Episode 20: The Pollock Market
This week on State of the Market, Lorin Castiglione and Market Digest Host Laura Zinger discuss the pollock market. Topics include demand growing at retail, supply issues and lack of inventory, status of the fishing season and more. Lorin also walks us through the import and export information on Foreign Trade Data.
Meat and Poultry Supply Chain Remains Resilient
In response to U.S. Secretary of Agriculture Tom Vilsack’s request for comments on efforts to improve supply chains for the production of agricultural commodities and food products, The North American Meat Institute (Meat Institute) said the meat and poultry food supply chain remains resilient despite extraordinary circumstances.
“The pandemic that began in 2020 and continues today may be the ultimate black swan event,” said Meat Institute Senior Vice President for Regulatory and Scientific Affairs Mark Dopp. “But its occurrence does not...
Greenhouse Gas Emissions in Beef Supply Chains: Opportunities for Reductions and Leadership
Beef supply chains account for about 6% of global greenhouse gas (GHG) emissions, of which about half are accounted for by the beef production stage of the supply chain. New and emerging technologies and management practices, covering feed production, cattle breeding, cattle feeding, and soil and pasture management, all offer significant opportunities to reduce emissions. Reduction of global beef supply chain emissions can be also achieved by transferring best practices from the most efficient beef supply chains to less efficient ones.
Food and agribusiness (F&A) company commitments to lower the supply chain GHG emissions of beef and other animal proteins are on the rise. Rabobank believes that in most regions these initiatives are likely to...
What Does Prop 12 Mean for Egg, Veal, and Pork Producers in 2022?
Set to begin on January 1, 2022, there has been much pushback and controversy surrounding the State of California’s Proposition 12: The Farm Animal Confinement Initiative, which California residents first voted to pass in 2018.
Under the new rule, veal calf producers are required to provide their animals with at least 43 square feet of usable floor space per calf. Sows must have a minimum of 24 square feet of usable space per animal and laying hens are required to be cage-free. Prop 12 prohibits the sale in California of meat, poultry, and eggs not raised in compliance with these regulations. Many industry participants and producers have voiced concerns that Prop 12 could...
PODCAST: Seeing Green: High Imported Beef Prices, Cyber Attacks, and More
This week on Market Digest, Host Laura Zinger and CEO Joe Muldowney talk high prices for imported beef, Australia emerging from their drought, China searching for product, cyber attacks, supply chain issues, return to live events, and much more.
May Retail Sales Reach Near-Record Level Despite Monthly Decline
Retail sales remained at elevated levels in May despite month-to-month fluctuations that masked near-record performance, the National Retail Federation said.
“While May retail sales were down slightly, largely due to supply chain constraints, the more accurate indicator remains in the year-over-year data which, as the NRF calculates, showed growth of over 17 percent,” NRF President and CEO Matthew Shay said. “For the first five months of this year, retail sales are already tracking 17.6 percent above the same five months of 2020, giving us further confidence in our newly revised sales forecast of growth between 10.5 percent and 13.5 percent to more than $4.44 trillion for 2021. While there are downside risks related to...
NRF Calls on White House to Address Port Congestion Challenges
The National Retail Federation delivered a letter to the White House asking to meet with President Biden and other top administration officials regarding the challenges retailers are facing from continued supply chain disruptions that are leading to congestion at U.S. ports.
The letter from NRF President and CEO Matthew Shay states, “The supply chain disruption issues, especially the congestion affecting our key maritime ports, are causing significant challenges for America’s retailers. The congestion issues have not only added days and weeks to our supply chains but have led to inventory shortages impacting...
PODCAST: UK Beef Chats Episode 20
This week Mike Nesbitt details labor struggles hindering market performance, how it's affecting the supply chain, where the furlough scheme comes into play, and more. Urner Barry beef market reporters Gary Morrison and Bill Smith weigh in on the US side of the market.
Cargill Joins U.S. CattleTrace Program with Aim to Develop Infrastructure for Disease Traceability
Cargill announced that it has joined U.S. CattleTrace as an official packer member. Cargill is the second beef processor to invest in the effort formed by multiple state cattlemen’s organizations to develop a national infrastructure for animal disease traceability in the U.S. cattle industry.
“Reducing the impact of disease is critical for the U.S. Beef herd which is why we’re excited to join the U.S. CattleTrace program and champion its efforts to improve global competitiveness and food safety across the value chain,” said Jarrod Gillig, business operations and supply chain lead for Cargill’s North American protein business. “At Cargill, we’ve long been focused on enhancing the traceability and resilience of our supply chains and...
Strong Momentum Continues for U.S. Beef and Pork Exports
Following a record-breaking March performance, exports of U.S. beef and pork continued to build momentum in April, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
April exports of U.S. beef set another new value record at $808.3 million, up 35% from a year ago, with export volume reaching 121,050 metric tons (mt) – up 23% year-over-year and the fifth largest on record. For beef muscle cuts, exports were the third largest ever at 94,656 mt (up 21%), valued at a record $726.7 million (up 36%). For January through April, beef exports moved 5% ahead of last year’s pace at 454,398 mt, with value up...
NCBA Joins Dialogue with Sec. Vilsack on Build Back Better Initiative
The National Cattlemen's Beef Association joined an agriculture industry call with U.S. Department of Agriculture (USDA) Secretary Vilsack to discuss the path forward for the recently-announced $4 billion Build Back Better initiative.
During the coalition call, there was a productive, positive dialogue on how funds could best be utilized to strengthen the security of the beef supply chain and increase opportunities for profitability for all sectors of the cattle industry.
In yesterday's announcement, USDA outlined four areas of focus for the program — food production, food processing, aggregation and...
Tyson Foods Targets 2050 to Achieve Net Zero Greenhouse Gas Emissions
Tyson Foods announced its ambition to achieve net-zero greenhouse gas (GHG) emissions across its global operations and supply chain by 2050, including scopes 1, 2 and 3. As the first U.S.-based protein company to have an emissions reduction target approved by the Science Based Targets initiative (SBTi), this ambition, in conjunction with the release of the company’s fiscal year 2020 (FY20) Sustainability Progress Report, underscores the company’s commitment to help combat the urgency of the growing climate change crisis.
“At Tyson Foods, we believe progress requires accountability and transparency and we are proud to exemplify that as we work to achieve net-zero greenhouse gas emissions by 2050,” said John R. Tyson, Chief Sustainability Officer, Tyson Foods. “As the first U.S.-based protein company in the food and beverage sector to have...
Retail Cargo Continues Setting Records as Supply Chains Struggle to Keep Up with Consumer Demand
Imports at the nation’s largest retail container ports saw their busiest April on record and May could turn out to have set a new all-time record as vaccines allowed consumers to return to normal shopping patterns, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
“Vaccine rates are increasing, shoppers are back in stores and retail supply chains are working overtime,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “There’s no shortage of demand from consumers, but there continue to be shortages of labor, equipment and shipping capacity to...
PODCAST: UK Beef Chats Episode 19
This week on UK Beef Chats Market Reporter Mike Nesbitt updates us on market performance, labor struggles as more businesses start to reopen, and a few logistical constraints for the supply chain.
Smithfield Foods Expands Sustainability Program in New Report
In addition to its industry-leading greenhouse gas (GHG) reduction commitment to become carbon negative in all U.S. company-owned operations by 2030, Smithfield Foods, Inc. today announced it will reduce GHG emissions across its entire domestic supply chain 30 percent by 2030. This new goal builds on the company's prior pledge to reduce greenhouse gas emissions across its domestic supply chain 25 percent by 2025. Smithfield also announced that it will obtain 50 percent of its electricity from...
PERSPECTIVES: Pork Demand's Wild Ride
The past year has brought volatility, uncertainty, and supply chain disruptions to nearly all industries, including the pork sector. The pork carcass cutout has been on a tear since the beginning of the year after setting 5-year highs and lows throughout 2020. The pork cutout is the approximate value of a hog computed using...
State of the Market Episode 15: The Boxed Beef Market
This week on State of the Market, Market Digest host Laura Zinger and Urner Barry Market Reporter Gary Morrison discuss the boxed beef market. Gary walks us through the Insights tab on COMTELL and gives an update on commodity prices moving higher across the board. Gary details how the supply chain backup is affecting prices, and what stimulus spending has done for the market.
COMTELL Insights Spotlight: Future-Proofing the Supply Chain FaQ
Available on the COMTELL Platform and brought to you by Urner Barry Insights
If you’re in the food business, you’re probably wondering about future-proofing the supply chain. Given what we’ve seen over the last year—and what we’re still contending with—the task of managing supply chains has become more challenging than ever (and it was no picnic before, we know!). That’s why Urner Barry is bringing together exclusive Insights through original reports, interviews, videos and podcasts in a special April Spotlight dedicated to the biggest supply chain issues the industry is currently facing.
This Spotlight, Future-Proofing the Supply Chain, will take place April 26-30th, 2021, and can be accessed through Urner Barry Insights on the COMTELL platform.
Segments will include...
Tyson Foods Joins Cattle Traceability Program
Tyson Fresh Meats, the beef and pork subsidiary of Tyson Foods, Inc., is putting its support behind a cattle disease traceability program called U.S. CattleTrace.
This makes Tyson the first beef processor to invest in membership in the program, which was formed by multiple state cattlemen’s organizations to develop a national infrastructure for animal disease traceability in the U.S. cattle industry. The program is expected to assist animal health officials with an effective and quick disease response within the U.S. cattle herd in the event of a foreign animal disease occurring in the U.S., which is...
ANALYSIS: Commodity Prices Surging Higher; Is This the Next Supercycle?
Commodity prices have moved higher coming out of the initial phase of the pandemic with the price trough seen in...
Kroger Delivery Introduces First Customer Fulfillment Center
Kroger is launching the first Customer Fulfillment Center (CFC), combining vertical integration, machine learning, and robotics with affordable, friendly, and fast delivery service for fresh food.
Located in Monroe, OH – a city north of Cincinnati – and powered by Ocado Group, a world leader in technology for grocery e-commerce, the CFC is the first to open, transforming and supporting the grocer's thriving digital business.
"2020 was a pivotal year for grocery e-commerce, with Kroger's digital business scaling to over $10 billion—and achieving a record digital sales increase of...
Red Gold Adresses Reports of a Ketchup Shortage
Red Gold, the second largest manufacturer of tomato products in the United States, sets the record straight on reports of a pandemic-related ketchup shortage. Red Gold wants to make it clear; there is no shortage of ketchup.
Over the last ten months, the increased demand for ketchup in single-serve packets used for restaurant take-out and delivery exceeded inventory capacity for some suppliers.
As Red Gold prepared for the surge, the company developed two new pre-portioned ketchup items on other manufacturing lines, while continuing to keep the ketchup packet lines running at...
Retail Import Surge Expected Through Summer
The unprecedented surge of imports at retail container ports that began last summer is expected to continue at least through the end of this summer as retailers work to meet increased consumer demand, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“We’ve never seen imports at this high a level for such an extended period of time,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Records have been broken multiple times and near-record numbers are happening almost every month. Between federal stimulus checks and money saved by staying home for the better part of a year, consumers have money in their pockets 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...
Get to Know Players in the Plant Protein Market: PURIS
As part of a new monthly series of Urner Barry plant protein reports an end of the month company profile will be released to showcase players in the plant protein market. Profiles may represent suppliers, consumer food product brands, or firms involved at other levels of the plant protein supply chain.
To date, we have covered several brands powering ahead within the ingredient and consumer product realm but have yet to dig to the roots, almost literally, and mention a firm dedicated to improving quality plant protein sources from field to plate. PURIS, a vertically integrated breeder and provider of premium seeds and further processed plant protein ingredients seeks to...
Key Takeaways From COVID-19 and the Supply Chain
The pandemic has far-reaching effects throughout the entire supply chain. From processing plant disruptions to shifts in consumer behavior, industry participants are learning how to improve efficiency and reconfigure the workplace.
During a virtual panel sponsored by Kayem Foods, Inc titled ‘COVID and the Supply Chain: Farm to Distribution’, a group of experts including producer and packer representatives discussed their key learnings for both live animal production and meat processing.
Panelists included Brad Freking, New Fashion Pork; Colin Woodall, CEO, National Cattlemen’s Beef Association; and KatieRose McCullough, Director, Regulatory and Scientific Affairs, North American Meat Institute.
McCullough began the panel by reviewing the drastic effects that COVID-19 had on the nation's meat and poultry processing plants. In March 2020, COVID-19 was declared a national emergency. The ability to process cattle and hogs in...
JBS Makes Global Commitment to Achieve Net-Zero Greenhouse Gas Emissions by 2040
JBS announced a commitment to achieve net-zero greenhouse gas (GHG) emissions by 2040. The commitment spans the company’s global operations, including Pilgrim’s Pride Corporation, as well as its diverse value chain of agricultural producer partners, suppliers and customers in their efforts to reduce emissions across the value chain.
JBS is the first major company in its sector to set a net-zero target. The ambition reflects the company’s goal to meet the health and nutritional needs of the growing global population in a sustainable manner that preserves the planet’s resources for future generations. As part of its commitment, the company has signed...
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...
US Pork Supply Chain Locked in Limbo as Producers Await Legal Ruling
The US pork supply chain faces significant disruption in 2022, when California’s animal welfare regulations (Proposition 12) take effect. With less than 4% of US sow housing currently able to meet the new standard, Rabobank expects a shortfall in compliant pork to bifurcate the US market, leaving California with a severe pork deficit (and high prices), while generating a surplus in the rest of the US market.
“Producers are reluctant to make the costly investments needed to comply with the new regulation, unless compensated with long-term premium guarantees. Packer processors and end users are unwilling to enter into long-term supply arrangements, given outstanding legal challenges to the California rule and...
VIDEO: State of the Market Episode 9: The Egg Market
This week Market Digest host Laura Zinger speaks with market reporter Brian Moscogiuri. They discuss Easter holiday demand, severe weather and snowstorms interrupting supply chains, and...
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...
Sanderson Farms Provides Update on Operations Affected by Winter Storms
Sanderson Farms, Inc., provided an update on the Company’s operations and the impact of the severe winter storm that has affected the Company’s Texas, Louisiana, and Mississippi locations.
Winter storm Uri brought bitter cold temperatures, snow and ice, leaving millions without power across the Company’s footprint in Texas, Louisiana and Mississippi, on Monday, and Uri, along with winter storm Viola, will continue to affect operations. The National Weather Service reports extremely cold temperatures as low as...
PODCAST: UK Beef Chat Episode 4
This week Mike Nesbitt and Jay Alletto are joined by fellow beef market reporters Joe Muldowney, Bill Smith and Gary Morrison. They discuss Valentine's Day's affect on the beef supply chain and...
US Beef Demand: The Risk of Recovery
The optimistic anticipation of a post-pandemic world continues to intensify with the ongoing distribution of Covid-19 vaccines. From a beef industry perspective, virus control will relieve much of the current strain on the processing and distribution sectors.
Throughout the next several years, innovations accelerated by Covid-19 will go live, as well as technological advancements across the supply chain. Simultaneously, tighter cattle supplies from a declining beef cow herd will...
Pork Quarterly Q1 2021: Looking for Growth Amid Uncertainties
Rising disease pressures continue to challenge the global market. While African swine fever (ASF) continues to impact pork production in Asia and Europe, as well as global trade flows, Covid-19 keeps affecting the whole supply chain, from producers to consumers. However, demand is expected to rebound in most regions in 2021 due to economic recovery.
Global pork supply will grow in Asia and North and South America, but face more challenges in Europe. “While China continues to dominate global trade, China’s expected reduction in imports in 2021 will...
Urner Barry Releases October Emerging Plant Protein Report
Urner Barry Releases October Soy & Wheat Report
Urner Barry Releases October Pulse Protein Report
Urner Barry Releases September Emerging Plant Protein Report
Urner Barry’s Consulting Division to Launch Egg Market Forecasting Report