Technomic: Potential Economic Shock from Coronavirus Pandemic is Unprecedented 

There is wide disagreement about whether COVID-19 will be an economic shock with a sharp recovery or if it will pull the economy into a sluggish recession. The previous worst quarter in U.S. history for GDP was Q2 2009, immediately after the economic crash. That quarter, the GDP dove by 3.9%, a fraction of the projections we are seeing as a result of COVID-19. The economic shock from this event is unprecedented.

Consumer spending on foodservice continues to drop. For the average consumer, Technomic research suggests that spending has declined by an estimated 45% from a typical week in February, with further planned reductions expected to come. Consumer demand is still present in the marketplace, but as the pandemic has heightened and concerns have grown, a new normal is setting in. Shelter-in-place and social distancing actions have resulted in...

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Mar 17 9:06 AM, Urner Barry Video

VIDEO: Coronavirus Incites Panic Buying at Retail; Nationwide Restaurant Closures

Coronavirus Incites Panic Buying at Retail; Nationwide Restaurant Closures Due to Coronavirus; Sponsored by The Meat Buyer's Guide Online
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Mar 16 8:54 AM, Urner Barry Video

VIDEO: Dining Out During Coronavirus Fears; Movers of the Week

Restaurant Chains Grapple with Coronavirus Fears; Movers of the Week from the HRI Buyers Guide; Sponsored by Obsono's Market Insight
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Mar 13 8:37 AM, Urner Barry Video

VIDEO: Coronavirus Impacts Meat Consumption; Chicken Price Check

Coronavirus Impacts Meat Consumption in China; Keeping Tabs on YoY Chicken Prices; Sponsored by Obsono's Market Insight Report
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Mar 12 8:35 AM, Urner Barry Video

VIDEO: Red Meat Exports; Whole-Body Toms Analysis

Rapid Start to 2020 for Pork Exports; Beef Trends Higher; Whole-Body Toms Analysis: A Q1 Assessment; Sponsored by COMTELL's Phone App
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Mar 11 8:33 AM, Urner Barry Video

VIDEO: Alternative Proteins on Menus; Tilapia Tariff Exclusions

Alternative Proteins See Impressive Growth on Menus; USTR Denies Tilapia Tariff Exclusion Requests; Sponsored by Obsono’s Market Insight Report
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Mar 10 8:59 AM, Urner Barry Video

VIDEO: Chinese Retail During Coronavirus; Shrimp Imports Surge

Opportunity Looms to Chinese Retailers Despite Coronavirus; Shrimp Analysis: January Imports Surge; Sponsored by The Meat Buyer's Guide Online
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Mar 6 8:41 AM, Urner Barry Video

VIDEO: Solo Diner Visits Increase; Chicken White Meat Analysis

Solo Diners Represent Largest Share of Restaurant Visits; All Eyes on Chicken White Meat; Sponsored by Obsono's Market Insight Report
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Mar 5 8:06 AM, Urner Barry Video

VIDEO: Coronavirus & African Swine Fever; Turkey White Meat Analysis

Coronavirus Complicates the ASF Outlook; Analysis: A Turkey White Meat Conundrum; Sponsored by COMTELL's Phone App
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Mar 4 8:27 AM, Urner Barry Video

VIDEO: Global Meat Consumption; Seafood Expo North America Postponed

Global Meat Consumption on the Rise; Diversified Communications Postpones Seafood Expo North America in Boston; Sponsored by Obsono’s Market Insight Report
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Mar 3 8:54 AM, Urner Barry Video

VIDEO: US Foods' Spring Scoop; Atlantic Sapphire Loses 227,000 Salmon

US Foods Announces Launch of Spring Scoop; Atlantic Sapphire Loses 227,000 Salmon at its Recirculating Aquaculture System Facility; Sponsored by The Meat Buyer's Guide Online
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Mar 2 9:00 AM, Urner Barry Video

VIDEO: Breakfast War Heats Up; Movers of the Week

Wendy's and McDonald's Go Head-to-Head in a Breakfast War; Movers of the Week from the HRI Buyers Guide; Sponsored by Obsono's Market Insight
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Feb 28 8:48 AM, Urner Barry Video

VIDEO: Consumerism Drives Economy; Chicken Cold Storage Analysis

Consumers Continue to Drive Economy; Chicken Freezer Burn Analysis; Sponsored by Obsono's Market Insight Report
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Feb 27 8:29 AM, Urner Barry Video

VIDEO: Consumer Confidence Increased; Turkey Cold Storage Analysis

Consumer Confidence Increased Slightly in February; Analysis: Whole Bird Stocks Bolster Processor Enthusiasm
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Feb 26 7:56 AM, Urner Barry Video

VIDEO: Omnichannel Shopping to Increase; Seafood Expo Coronavirus Update

Omnichannel Chatter Across Retail Landscape; Seafood Expo Global Coronavirus Update; Sponsored by Obsono’s Market Insight Report
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Feb 25 8:30 AM, Urner Barry Video

VIDEO: Cold Storage Report; Fisheries of the U.S. Report

USDA’s Monthly Cold Storage Report; NOAA’s 2018 Fisheries of the U.S. Report; Sponsored by The Meat Buyer's Guide Online
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Feb 24 8:43 AM, Urner Barry Video

VIDEO: Cattle on Feed; Movers of the Week

USDA's Monthly Cattle on Feed Report; Movers of the Week from the HRI Buyers Guide; Sponsored by Obsono's Market Insight
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Feb 21 8:41 AM, Urner Barry Video

VIDEO: Foodservice Suffers; Chicken Production Analysis

Foodservice Continues to Suffer from Coronavirus; Keeping Tabs on the Q1 Protein Production Trend; Sponsored by Urner Barry's Prospector
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Feb 20 8:23 AM, Urner Barry Video

VIDEO: Cold Storage Predictions; Turkey Export Analysis

Monthly Cold Storage Predictions; Analysis: Year-End Export Figures Are In; Sponsored by COMTELL's Phone App
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Feb 19 9:11 AM, Urner Barry Video

VIDEO: Monthly Cattle on Feed Predictions; Arby’s Sparks Fish Sandwich War

February Monthly Cattle on Feed Predictions;
Arby’s Sparks Fish Sandwich War;
Sponsored by Obsono’s Market Insight Report
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Feb 18 8:12 AM, Urner Barry Video

VIDEO: Poultry Trade Developments; Salmon Tariffs

China Approved Imports of All Poultry Products from U.S.; USTR Salmon Tariffs Pulled Back; Sponsored by The Meat Buyer's Guide Online
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Feb 17 8:13 AM, Urner Barry Video

Influence Technology as on Consumers’ Dining Experiences; Movers of the Week from the HRI Buyers Guide; Sponsored by Obsono's Market Insight E
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Feb 14 7:59 AM, Urner Barry Video

VIDEO: Valentine's Day at Foodservice; 2020 Chicken Production Assessment

Foodservice Valentine's Day Tempting Offers; Initial 2020 Chicken Production Assessment Analysis; Sponsored by Urner Barry's Prospector
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Feb 13 7:50 AM, Urner Barry Video

VIDEO: U.S. Restaurant Transactions Increase Year Over Year; Checking In On February’s Turkey Prices

U.S. Restaurant Transactions Increase Year Over Year; Checking In On February’s Turkey Prices; Sponsored by COMTELL's Phone App
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Feb 12 8:14 AM, Urner Barry Video

VIDEO: Retail Imports to Drop; Legal Action Suspended Against SENA

February Retail Imports to Drop Amid Coronavirus; Atlantic Natural Foods Drops Action on SENA Organizers; Sponsored by Obsono’s Market Insight Repor
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Feb 11 8:03 AM, Urner Barry Video

VIDEO: Alternative Proteins; Valentine's Day Retail

NCBA Consumer Research on Alternative Proteins; Valentine's Day by the Retail Numbers; Sponsored by The Meat Buyer's Guide Online
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Feb 10 8:50 AM, Urner Barry Video

VIDEO: U.S. Red Meat Exports; American Heart Month and Seafood

Monthly U.S. Pork and Beef Exports; Celebrating February's American Heart Month with Seafood; Sponsored by Obsono's Market Insight
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Feb 7 8:06 AM, Urner Barry Video

VIDEO: Cage-Free Production Declines; Chicken Wing Analysis

Cage-Free Production Declines for First Time; Post-Football Wing Assessment; Sponsored by Urner Barry's Prospector
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Feb 6 7:57 AM, Urner Barry Video

VIDEO: ASF Swells Demand for Pork; Whole Turkey Analysis

African Swine Fever Swells Demand for Pork; The Seasonal Price Floor of Whole Body Toms; Sponsored by COMTELL's Phone App
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Feb 5 7:36 AM, Urner Barry Video

VIDEO: Plant-Based Meat Poll; Seafood Items Exempt From Tariffs

Demographics for Plant-Based Products; Nine Seafood Items Exempt From 25% Tariffs; Sponsored by Obsono’s Market Insight Report
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Feb 4 8:35 AM, Urner Barry Video

VIDEO: Food Insecurity; Tilapia Market Analysis

Food Insecurity Remains High for Some Groups; Tilapia Market Leading into Lent Analysis; Sponsored by The Meat Buyer's Guide Online E
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