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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...
PODCAST: Feed the Demand - Matt Busardo on the Chicken Market
This week host Laura speaks with poultry market reporter Matt Busardo. Matt fills us in on plant closures due to severe weather, optimism in the export market, and...
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...
ANALYSIS: Counter-seasonal Rally in Pork Belly Values
Pork bellies have noted a substantial gain since the start of the New Year, with a 41% increase from January 4th. Despite the foodservice end of the industry remaining limited, retail demand has continued to...
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...
Extreme Winter Weather and Bitter Cold Disrupts Meat Processing Plants
Millions of Americans are currently under winter weather advisories as extreme weather continues to bring unprecedented low temperatures across parts of the southern Contiguous United States. Record cold temperatures, mainly in the South Central U.S., are expected today and can range between 35 to 45 degrees below normal, according to the National Weather Service. The Arctic air mass is forecast to modify on Wednesday with fewer record cold temperatures, but temperatures will still remain well below normal.
These dangerously low temperatures not seen in decades coupled with snow and ice have created treacherous situations for the central and southern parts of the country. In Texas, millions of power outages have resulted from...
Urner Barry Releases January Soy and Wheat Protein Report
Following initially dismal reports on wheat consumption, the USDA recently lifted global wheat consumption estimations by 5.1 million tons to 757.8 million tons based on higher demand for feed in China. Driven by a recovering pork market, China poses a strong demand side pull on...
Urner Barry Releases First Emerging Plant Protein Report
Plant-based firms remain committed to finding alternative sources of protein and functional ingredient components. While soy, wheat, and pea proteins are the most utilized ingredients to date, numerous other innovative and unique options emerge to fulfill growing demand for sustainable, cheap, functional, and nutritious food items. Currently, consumers have increasingly expressed...
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...
PODCAST: Go With the Grain – Glenn Smith on Feed Ingredients
Glenn Smith, Director of Feed Ingredient Procurement at Wayne Farms, returns this week to Market Digest! Laura and Glenn discuss the increased demand for protein items as...
Storm Impacts U.S. Corn Market
A derecho wind storm swept across the US Midwest on August 10, affecting millions of cropland acres in Iowa and surrounding states. At the same time, the western part of Iowa experiences a drought. The storm caused and/or will cause significant local/regional price volatility, quality issues, and storage challenges for this year’s Iowa corn crop. Local and national impacts vary greatly due to large stocks and bumper corn crops in states bordering Iowa and beyond. The derecho and the ongoing drought have put a bottom in the market and point to higher corn prices than the USDA’s projections for the 2020/21 crop year.
Derecho Crosses the Entire US Corn Belt
On August 10, a derecho storm ripped across the Midwest, travelling 770 miles in 14 hours from South Dakota to Ohio. The worst damage was reported in Iowa, where the USDA reported that 57 counties, representing 14.0m acres, incurred...
Weather Poses Significant Risk to U.S. Corn Crop Entering Critical Pollination Phase
After last year's delayed start to the season, planting of the 2020 U.S. corn crop brought with it quite a bit of optimism for producers across the Heartland. Now, according to Planalytics AgriBusiness Weather group, that optimism may have tempered somewhat as a combination of hot, dry conditions have taken hold from the Dakotas south to Missouri and east to Ohio."No sooner did seed get in the ground when an unusually cold pattern set up that continued through the first two weeks of May", says Jeffrey Doran, Planalytics AgriBusiness Meteorologist and Director, Specialized Support and Services. "Sub-freezing temperatures were reported as far south as the Missouri Valley and Mid-South regions that slowed crop development. By the end of May, the pattern reversed itself bringing surges of strong heat that have continued into June. Unfortunately, precipitation has been hit or miss with...
From Animal Meat to Fungi, U.S. Consumers Tap into A Host of Sources to Get Protein into Their Diets
COVID-19 Disruptions Create New Areas of Opportunity and Risk for the Poultry Industry
Amidst COVID-19 Pandemic, Meat Contraband from China Hit Record Levels
A Look at Protein Demand as the Six-Week Lenten Period Begins
Urner Barry Releases February Emerging Plant Protein Report
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