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ANALYSIS: Turkey Production: Changing With the Times

The turkey industry has become accustomed to not getting too comfortable in their own shoes, at least for very long. Counting on external change to...

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Apr 14 8:24 AM, Urner Barry



ANALYSIS: Cash Cattle Slow to Rise Despite Soaring Beef Prices

Around this time last year, the pandemic drastically altered consumer buying behavior due to dining restrictions and...

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Apr 9 8:30 AM, UB Newswires


Australian Beef Seasonal Outlook: Green Grass and Empty Pens

With breeding cattle inventory recovering from the lowest levels in over 30 years, there’s a unique opportunity to assess and then act on the future for the Australian beef industry. A number of challenges currently confront the Australian beef industry, including high cattle prices, low supplies, and China trade access. Australia’s position in the global protein world needs to be considered in rebuilding the herd.

Is Australia to be a supplier to high-quality niche markets, commodity supplier (of lean beef) to global trade, exporter of live cattle, or exporter of value-added beef to trade markets? “Any or all of these options may apply, but choosing one sets a path for the future. Decisions taken this year are not just about...

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Apr 9 8:28 AM, General News


ANALYSIS: Turkey Thigh Meats Get a Leg Up

With springtime now in full swing, seasonal outreach is beginning to develop...

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Apr 8 8:29 AM, Urner Barry


ANALYSIS: Pork Ribs Soar into April

Pork ribs traditionally witness a rally starting in April which extends into the summer months as increased demand for grilling reaches its peak. This year however...

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Apr 7 8:25 AM, Urner Barry


ANALYSIS: WOGS--How Quickly We Forget

It’s no secret that the vast majority of key lines within the chicken complex have performed quite admirably throughout Q1...

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Apr 5 8:28 AM, Urner Barry


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...

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Mar 31 7:53 AM, General News


Mar 24 11:16 AM, Urner Barry Video

State of the Market Episode 13: Summer-esque Pork Highs

This week on State of the Market, Market Digest host Laura Zinger and Market Reporter Russ Barton discuss the pork market. Russ details summer-esque highs for many items including bellies and trimmings due to low cold storage supply, light slaughter levels, strong retail demand, and more.

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ANALYSIS: Frozen Tom Breast Meat Values Buck Seasonal Norm

It isn't every year that the topic of frozen tom breast meat catches the eye of market participants this early in the "season"...

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Mar 18 8:17 AM, Urner Barry


African Swine Fever: A Global Update – Ongoing Change in Global Pork Markets in 2021

African swine fever is actively influencing pork markets around the world, creating many areas of uncertainty – mainly in China, but also in Germany – which will not be resolved quickly. The implications of ASF for world pork trade are a major swing factor in global pork markets.

ASF influence on pork markets: China is the most obvious country where ASF continues to have a major influence. Its spread over winter highlights the challenges of managing this disease, and it has complicated the picture of China’s pork supply and demand. The ongoing pressure from ASF’s spread in Germany is also...

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Mar 18 8:16 AM, General News


ANALYSIS: All-Fresh Beef Retail Averages Record High in 2020

All-fresh beef retail values, the measure of prices of all beef quality grades in grocery stores as reported by the U.S. Department of Agriculture, averaged...

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Mar 16 8:26 AM, Urner Barry


Mar 16 8:21 AM, Urner Barry

VIDEO: State of the Market Episode 12: The Salmon Market

This week, Market Digest Podcast Host Laura Zinger speaks with Seafood Market Reporter and Seafood Price Current Co-Editor Janice Schreiber. Janice fills us in on seafood demand during the Lenten season, severe weather disrupting fresh market supply chains, Salmon's popularity at retail through the pandemic, and more!

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ANALYSIS: MSC Enjoys Unseasonal Updraft in Value

It isn’t often that MSC takes the spotlight, especially so early in the year before seasonal springtime demand has a chance to fully develop, but...

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Mar 12 8:22 AM, Urner Barry


Beef Quarterly Q1 2021: New Drivers in Cattle Innovation

Increasing awareness of the need to improve environmental and social outcomes, together with a growing appetite from investors in animal protein, are creating new opportunities and growth in cattle innovation.

“We believe that research and innovation in the beef industry will continue to evolve but we are currently enabled by two main catalysts that will stimulate this further. Firstly, new investors in the space and secondly, the sustainability drive that not only seeks production improvements but also creates...

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Mar 3 8:27 AM, General News


ANALYSIS: Pork Cold Storage Lingers at Low Levels

Total pork cold storage continues to linger around decade lows, creating a tight supply condition and a base layer of price support for a number of...

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Mar 2 8:23 AM, Urner Barry


PODCAST: UK Beef Chats Episode 6

This week Mike Nesbitt and Jay Alletto shed light on the UK Beef Market. UK Schools opening, tight cattle supply against...

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Mar 1 1:56 PM, Urner Barry


APHIS Reflects on 2015 HPAI Outbreak and Addresses the Importance of Biosecurity

In a recent webinar hosted by the Animal and Plant Health Inspection Service (APHIS), Dr. Dale Lauer, Dr. Rocio Crespo, and Dr. Denise Heard reflected on the Highly Pathogenic Avian Influenza (HPAI) outbreak of 2015, and steps that can be taken to protect poultry flocks going forward.

HPAI can be spread from bird to bird through direct or indirect contact with infected birds including feathers, bodily discharge, or from the equipment, hands, shoes, and clothes of caretakers. Signs of the disease include depression, decreased feed and water intake, runny eyes and nose, and swollen head. The disease can affect an entire flock and has a death rate up to...

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Mar 1 8:22 AM, Urner Barry


ANALYSIS: An Early-Year Check-up on Turkey Cold Storage Holdings

As we turn the corner into late Q1, turkey market participants are peering into the freezer to evaluate how the supply side of the equation is fending so far this year...

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Feb 25 8:31 AM, Urner Barry


PODCAST: UK Beef Chat Episode 5

This week Mike Nesbitt and Jay Alletto are joined by Joe Muldowney and Bill Smith to discuss the UK beef market. Topics include the tight cattle supply’s impact on price negotiation, social distancing at plants, and...

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Feb 22 12:35 PM, Urner Barry


A Look at Protein Demand as the Six-Week Lenten Period Begins 

As the six-week Lenten period leadup to Easter begins, foodservice and retail are catering to those who cannot eat meat at least one day a week. As SeafoodNews reported, restaurants like Bojangles, White Castle, and Quizno’s are just a few offering seafood items for a limited time.

Last year, Popeyes brought in a limited time Buttermilk Biscuit Shrimp offering for Lent. To switch things up this year, Popeyes introduced a new contender in the "Chicken Sandwich Wars," a Cajun Flounder Sandwich. But how could a new fish sandwich offering during Lent impact the chicken sandwich battle, which has become...

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Feb 19 8:25 AM, Urner Barry


ANALYSIS: Do Large Forward Sales Help Future Spot Prices -- Strip Loin Rally in 2021

The January rally in strip loins has been fierce, with gains of 27 percent so far since the start of the year, compared to...

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Feb 15 8:30 AM, Urner Barry


ANALYSIS: Don’t Sleep on Chicken Leg Quarters

With chicken front half items continuing to be the talk of the town, it’s easy to overlook the slightly less exhilarating, albeit seasonally admirable, status of frozen leg quarters...

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Feb 12 8:33 AM, Urner Barry


ANALYSIS: Boneless Chicken Breasts in the Crosshairs

One of the first things that any Econ student quickly gets acclimated with is how the quantity of a given commodity that manufacturers want to sell and the quantity of consumers who wish to buy, interact with one another...

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Jan 29 8:32 AM, Urner Barry


ANALYSIS: The Tug of War Between Chicken Wings and Boneless Breasts

During October of last year, we explored the growing price disparity between jumbo boneless breast quotations and jumbo-sized whole wings...

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Jan 22 8:41 AM, Urner Barry


ANALYSIS: Frozen Turkey Drums Continue to March Forward

Turkey marketers are welcoming 2021 with open arms thanks to the relatively admirable set of early-year trade conditions...

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Jan 7 8:23 AM, Urner Barry


Cal-Maine Foods Reports Second Quarter Fiscal 2021 Results

Cal-Maine Foods, Inc. reported results for the second quarter of fiscal 2021 (thirteen weeks) and twenty-six-week period ended November 28, 2020.

Net sales for the second quarter of fiscal 2021 were $347.3 million, an 11.5 percent increase compared to $311.5 million for the second quarter of fiscal 2020. The Company reported net income of $12.2 million, or $0.25 per basic and diluted share, for the second quarter of fiscal 2021, compared to a net loss of $10.1 million, or...

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Jan 6 8:54 AM, General News


ANALYSIS: Turkey Cold Storage: A November to Remember

With November in the rear-view mirror, the time has finally come for turkey market participants to peer into the freezer and assess...

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Dec 24 8:23 AM, Urner Barry


PODCAST: An Economic Point of View - Will Sawyer of CoBank

This week on Market Digest Laura speaks with CoBank Lead Protein Industry Analyst, Will Sawyer. Will brings his expertise to the plate as they discuss holiday demand for protein items, protein supply, the beef complex, corn and soy inflation, and...

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Dec 8 11:22 AM, Urner Barry


ANALYSIS: Australian Beef and Veal Exports to USA Hit Record Low in November

This week the Australian Department of Agriculture (DAFF) reported total beef and veal shipments to the United States at...

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Dec 4 8:20 AM, Urner Barry


ANALYSIS: Cash Cattle Prices Could See Pressure in Q1

Boxed beef prices appear to be seasonally topping after staging an impressive rally throughout November. Although some primals continue to be...

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Dec 3 8:20 AM, Urner Barry


COVID-19 Impacts the Turkey Market this Thanksgiving 

As coronavirus restrictions continue to impact our daily lives, it seems the holidays will be no exception. Retail and foodservice attempted to adapt to these unprecedented changes this Thanksgiving, by promoting deals with smaller birds or meals that feature turkey items instead of a whole bird.

Restaurants like Denny’s brought back its family-style Turkey and Dressing Dinner Pack, which included a carved turkey breast and sides portioned for four people. Cracker Barrel added multiple holiday meal options to the menu, with Thanksgiving meal offerings that serve...

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Dec 2 8:22 AM, Urner Barry


ANALYSIS: Power Move Setting Up In the Beef Cutout Behind Retail Strength

There has been a recent broad-based surge in the boxed beef market. Strength in ribeyes, tenderloins, chuck rolls, and...

 

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Nov 20 8:30 AM, Urner Barry


ANALYSIS: Weighing in on Turkey Drums

With much of the turkey industry now focused on satiating whole-body bird demand, supply side tightness, particularly within...

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Nov 19 8:23 AM, Urner Barry


ANALYSIS: Medium and Jumbo Boneless Breasts: Straying From the Traditional Price Spread

Historically speaking, medium-sized boneless breasts have enjoyed a clear-cut premium over their jumbo-sized counterparts...

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Nov 6 8:37 AM, Urner Barry


ANALYSIS: Turkey Drums Find Their Rhythm

With November now upon us, whole body turkeys are commanding much of the seasonal spotlight, however...

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Nov 5 8:37 AM, Urner Barry


Pilgrim's Pride Reports Third Quarter Financial Results

Pilgrim’s Pride Corporation reports third quarter 2020 financial results.

Third Quarter Highlights

  • Net Sales of $3.08 billion.
  • Net GAAP Income of $33.4 million. Adjusted Net Income of $161.7 million or adjusted EPS of $0.66 excluding $110.5 million DOJ agreement.
  • Consolidated Operating Income margin of 3% with Adjusted Operating Income margins of 6.7% in U.S. excluding DOJ agreement, 18.4% in Mexico and 3.5% in Europe.
  • Adjusted EBITDA of $305.0 million, or a 9.9% margin, 18% higher than a year ago.
  • Faced with the global Covid-19 pandemic, we continue to be guided by...
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Oct 29 8:39 AM, General News


Rabobank: Pork Quarterly Q4 2020: Export Concentration a Potential Long-Term Risk

Global pork demand rebounded following Covid-19 disruption in most geographies, yet supply remains constrained in many Asian markets. This imbalance continues to support strong export demand from the rest of the world, resulting in sharply higher pork values.

Globally, processors’ ability to respond also remains constrained by labor availability, which limits packer capacity and efficiency. In Europe, new African swine fever (ASF) outbreaks add further limitations. “Hog producers face a challenging outlook, given rising feed costs, weaker economic trends, and slower export growth as China...

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Oct 27 8:25 AM, General News


ANALYSIS: What’s Going On with Tom Breast Meat?

It’s safe to say that Thanksgiving and the whole bird centric activity which typically...

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Oct 22 8:11 AM, Urner Barry


ANALYSIS: Chicken Cold Storage: A Reflection of the Times

August’s cold storage coincide with the current market status of most major lines and serve to remind us of the supply-side challenges which marketers continue to wrestle with...

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Oct 2 8:21 AM, Urner Barry


China Declares War on Waste in Food Catering

Ongoing anti-food waste campaigns in China aim to reduce food loss in catering. Although China seems to have no immediate worries about food shortage, the coronavirus pandemic, the geopolitical turmoil, and the escalating trade tensions with leading exporters have the potential to restrict China’s access to edible oil and protein meals. China is highly dependent on these imports, often in the form of oilseeds, which are then domestically processed.

Based on Rabobank’s analysis, eliminating waste in food catering (including restaurants, group dining and food deliveries) could make up to 5% of the nation’s soybean imports (5m metric tons) and 6% of the palm oil imports (0.4m metric tons) unnecessary. In addition, 10m metric tons of feed grains, mostly corn, could also be ‘saved’ this way. As China’s corn is experiencing...

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Sep 29 8:22 AM, General News


Cal-Maine Foods Reports First Quarter Fiscal 2021 Results

Cal-Maine Foods, Inc. reported results for the first quarter of fiscal 2021 (13 weeks) ended August 29, 2020.

Net sales for the first quarter of fiscal 2021 were $292.8 million, a 21.4 percent increase compared to $241.2 million for the first quarter of fiscal 2020. The Company reported a net loss of $19.4 million, or $0.40 per basic and diluted share, for the first quarter of fiscal 2021, compared to a net loss of $45.8 million, or $0.94 per basic and diluted share, for the first quarter of fiscal 2020.

Dolph Baker, chairman and chief executive officer of Cal-Maine Foods, Inc., stated, “Our results for the first quarter of fiscal 2021 reflect continued challenging market conditions as we proactively monitor and...

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Sep 28 9:33 AM, General News


ANALYSIS: The Spread Between Wholesale and Retail Beef Prices

During the COVID-19, wholesale beef prices have moved through phases as the situation changed...

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Aug 27 8:21 AM, Urner Barry


ANALYSIS: Tallying up Turkey Tonnage

Today we thought it would be a good opportunity to take a step away from the day-to-day in favor of a broader look at the production side of the turkey equation...

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Aug 20 8:21 AM, Urner Barry


ANALYSIS: Stairs Going Up, Elevator Going Down

While 2020’s chicken market has certainly had its fair share of ups and downs recently, it has also brought with it...

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Aug 7 8:24 AM, Urner Barry


ANALYSIS: Turkey Slaughter Tells a Seasonal Tale, with a COVID-19 Twist

As we approach the end of July, and without any significant changes to what has been a relatively quiet trade environment lately, turkey participants and observers are taking some extra time to...

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Jul 30 8:31 AM, Urner Barry


ANALYSIS: The Sustained Flight of Whole-Body Turkeys

In terms of turkey trade activity, there isn’t a whole lot going on here in Mid-July. Market participants continue to contend with the widespread supply and demand challenges associated with...

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Jul 16 8:23 AM, Urner Barry


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.

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...

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Jul 7 8:18 AM, General News


ANALYSIS: Shell Egg Prices Come Under Pressure as Retail Demand Slips, Supplies Mount

U.S. shell egg prices are coming under pressure once again as retail demand begins to ease and supplies become increasingly available. After holding steady for...

 

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May 11 8:14 AM, Urner Barry




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