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ANALYSIS: What’s Going On with Tom Breast Meat?
It’s safe to say that Thanksgiving and the whole bird centric activity which typically...
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...
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...
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...
ANALYSIS: The Spread Between Wholesale and Retail Beef Prices
During the COVID-19, wholesale beef prices have moved through phases as the situation changed...
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...
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...
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...
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...
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...
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...
Survey: COVID Led to Surge in Off-Premise Dining, Other Operational Changes for Franchisees
Whole Foods Market Forecasts Top 10 Food Trends for 2021
Lidl to Install Hospital Grade Air Filters in All U.S. Stores to Prevent Spread of COVID-19
Coronavirus Changing Eating Habits of Vegan, Vegetarian, and Flexitarian U.S. Consumers
Rabobank: Lack of Trade Deal Will Hit EU-UK Food and Agriculture Trade Hard
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