November 16, 2018
Headlining the news today, in its annual Outlook reports, which analyze
the prospects for more than 15 agricultural commodities, meat and
Rabobank says that while the global food price environment remains
relatively stable, ongoing geopolitical tension, the threat of El Niño
weather system and diseases affecting livestock bring great uncertainty
to the outlook for 2019.
China's agricultural ministry
confirmed on Friday the
outbreak of deadly African swine fever in the southwest province of
Sichuan, the country's top pig-producing region, raising the
likelihood of a major impact to pork supplies in coming months. In
addition, China's efforts to stem the spread of African swine fever were
dealt a fresh blow when it found the
in a wild boar, deepening a three-month-old crisis for the world's top
In other news,
many people will purchase groceries online this holiday season vs last,
according to a survey by RichRelevance. Amazon dominates as the top
online grocery destination for shoppers (57%), followed by big-box
retailers such as Walmart and Target (48%). Traditional supermarkets
like Safeway and Kroger will attract a significant – but quite smaller –
number of online shoppers (30%) this holiday.
opportunities for turkeys at retail have more than doubled since last
week, currently claiming 16 percent of total protein features. Average
regional ad prices for frozen turkeys range from $0.49 to $1.49 per
pound, with the national average running 9 cents per pound below a year
ago. This, of course, does not include additional promotions such as
spending incentives for free or greatly reduced turkeys—which are
prevalent as grocers will use turkey as a loss leader to drive store
Read the latest on This Week in Retail.
Turkey Store Sales, LLC is recalling approximately 91,388 pounds of raw
ground turkey products that may be associated with an illness outbreak
of Salmonella Reading, the U.S. Department of Agriculture’s Food
Safety and Inspection Service announced today. The products subject to
recall bear establishment number “P-190” inside the USDA mark of
inspection. These items were shipped to retail locations nationwide.
Finally, heavy chicken weights are displacing light bird production.
latest analysis from the chicken market here.
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