JBS to Double Capacity of Brazil Beef Plant, Make It Latin America's Largest

Brazil's JBS, the world's largest meat producer, will invest 150 million reais ($29.2 million) to double the slaughtering capacity at its Campo Grande II beef plant to 4,400 cattle per day, it said in a statement on Friday.

The announcement, which happens after the plant received in March green light to export to China, was made during a visit of Brazil's President Luiz Inacio Lula da Silva to the unit, which is located in the state of Mato Grosso do Sul...

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COMTELL: Cattle Situation




































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California Restaurant Prices Climb as Worker Wages Grow

California fast-food restaurant prices, already higher than average in the U.S., have gotten more expensive.

Starting this month, a new California law required large fast-food chains to pay their employees $20 an hour, 25% higher than the states broader minimum wage. The state last September backed a deal for the increased wages.

McDonalds, Chipotle Mexican Grill, Jack in the Box and other restaurant chains have said they would raise menu prices in California to offset some of the cost.

Many operators didnt wait long. Fast-food and fast...

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Apr 15 2:48 PM, Foodmarket



Urner Barry Presents Historic Awards to Industry Professionals at Executive Conference

Plus, Rising Star Award presented to industry up and comer

The 48th annual Executive Conference is underway at The Venetian in Las Vegas. Urner Barry is proud to host industry executives from the poultry, egg, and red meat industries in 2024 for this premier event. Day one kicked off with opening remarks from Urner Barry host, Russ Whitman, followed by Dr. David Kohl as the morning’s keynote speaker.

Following Dr. Kohl’s remarkable session on agricultural economics and the business trends to expect in the coming years, it was time for the annual awards ceremony. Each year, Urner Barry recognizes two exceptional individuals for their work and service to the industry—the Poultry Person of the Year and the Egg Person of the Year...

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Apr 15 1:37 PM, Urner Barry


US Demand Spurs Australian Beef Exports

Prices of Australian beef export have been on the rise, despite tepid consumer demand in the Asian Pacific food service sector. Overall consumption has been subdued due to cautionary spending and inflationary economic headwinds.

Selling indications of 95CL boneless beef has tipped over the $300/cwt CIF NE Asia for the first time this week since the start of the year, driven by the rally in US beef prices.

Strong March 2024 export figures have provided a substantial confidence boost to Australian exporters to drive plans for operational expansion...

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Apr 15 10:23 AM, FeedInfo


Introducing Domino's® New York Style Pizza

Craving a delicious, new crust that is thin and cut into big, foldable slices? Domino's Pizza Inc. (NYSE: DPZ), the largest pizza company in the world, has you covered. Introducing New York Style Pizza: a pizza that is designed to be even more delicious, whether you hail from New York City or beyond.

Domino's New York Style Pizza is made with fresh, never frozen dough that is stretched thin, by hand. It is topped with a melty blend of cheese made with 100% real mozzarella and provolone, and cut into six big, foldable...

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Apr 15 9:59 AM, Urner Barry


Executive Conference: Jeff Saturday on Communication and Collaboration on and off the Field

It’s day one at Urner Barry’s 48th Annual Executive Conference at The Venetian in Las Vegas! Russ Whitman, Director of Market reporting, delivered the opening ceremony to a jam-packed room, where hundreds of industry stakeholders and analysts gathered to share their expertise and gain insights from today's speakers. 

Dr. David Kohl, Economist, kicked off the agenda with his panel titled: Agricultural Economics and Business Trends for the Late 2020s: What Is Coming Next? An Academic Hall of Famer in the College of Agriculture at Virginia Tech...

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Apr 15 9:49 AM, UB Newswires


Online Grocery Delivery Services Market size is set to grow by USD 652.45 billion from 2023-2027

Albertsons Companies Inc., Alibaba Group Holding Ltd. and Amazon.com Inc., and more to emerge as Some of the Key Vendors, Technavio

The global online grocery delivery services market size is estimated to grow by USD 652.45 bn from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 19.43% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental...

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Apr 15 8:00 AM, Urner Barry


Brazil's Chicken Exports Hit Highs Despite YoY Drop and Stagnant Prices

In March 2024, Brazil's chicken meat exports reached a peak, totaling 418,100 tonnes. This volume marks the highest recorded for the year yet reflects an 18.8% decrease from March 2023's unprecedented 514,600 tonnes.

Revenue from chicken exports also declined by 23.4% year-on-year, from $980.5 million to $751.3 million. Domestically, prices paid to chicken producers has remained stubbornly low over the past six months, ranging from approximately R$ 7.20/kg in October 2023 to R$ 7.32/kg as of March 2024, according to...

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Apr 12 9:42 AM, FeedInfo


Good Times Restaurants Reports Second Fiscal Quarter Same Store Sales

Good Times Restaurants Inc., operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today announced that same store sales1 increased 0.9% for its Good Times brand and decreased 3.2% for its Bad Daddy’s brand compared to the same prior-year fiscal quarter and average weekly sales2 were $27,133 and $50,880 for its Good Times and Bad Daddy’s brands, respectively, for its second fiscal quarter ended March 26, 2024.

Ryan Zink, President and CEO, said “The strength of our Good Times brand is clearly evident from...

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Apr 12 9:27 AM, Urner Barry


CNBC/NRF Retail Monitor Shows Retail Sales Grew in March Amid Wage Gains and Easing Inflation 

Retail sales grew at a steady pace in March, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation.

“As inflation for goods levels off, March’s data demonstrates steady spending by value-focused consumers who continue to benefit from a strong labor market and real wage gains,” NRF President and CEO Matthew Shay said. “In this highly competitive market, retailers are having to keep prices as low as possible to meet the demand of...

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Apr 12 8:28 AM, Urner Barry


LaBelle Patrimoine Heritage Chicken Approved by USDA as Regeneratively Raised

LaBelle Patrimoine, producer of humanely raised heritage, air-chilled chickens, is proud to announce that it carries the new claim of regeneratively raised as approved by the United States Department of Agriculture (USDA), acknowledging its commitment to sustainable and environmentally-friendly poultry farming practices.

Regeneratively raised is a farming system where chickens are fed regeneratively grown grain, grown on managed pasture, and farm waste and processing waste are composted and returned to the soil to improve soil health. This meaningful recognition by the USDA, which...

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Apr 12 7:52 AM, Urner Barry


ANALYSIS: Industry Egg Prices Stabilized in the EU

Over the past two years, egg processors in the EU have endured fluctuating costs of raw materials, influenced by significant external factors that disrupted the balance between shell egg supply and demand. However, despite this volatility, prices for broken eggs have remained relatively steady for eight consecutive months. Since mid-September, values have fluctuated only slightly, ranging between 1.52 and 1.65 €/kg.

The stability in egg prices can be attributed to several factors, including favorable supply conditions during the winter without any significant disruptions from avian influenza...

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Apr 12 7:36 AM, Urner Barry


ANALYSIS: "Falling Feathers"- A Retreat in February's Chicken Export Volume...

February’s closing export tally primarily speaks to a contraction in total outward tonnage. Closing the month at 546.8 million pounds, one would have to venture all the way back to 2017 before coming across a lower seasonal figure. When compared with ’23, total volume retreated by 10.2%, or 62.3 million pounds. While the cumulative data almost speaks for itself, it is worth noting that the year-over-year (YoY) retreat in demand for U.S. chicken was not necessarily felt universally across all trade destinations...

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Apr 12 7:32 AM, Urner Barry


ADM Animal Nutrition Expands Recall to Include 17 Additional Lots of Chicken, Swine and Rabbit Feed 

ADM Animal Nutrition, a division of ADM , is expanding the recall announced on March, 30, 2024, to include the following additional products due to elevated levels of magnesium, sodium, calcium and/or phosphorus: Pen Pals® Chicken Starter-Grower (Product Nos. 70009AAA46 and 70009AAA44); Pen Pals Egg Maker Complete (Product No. 70010AAAE4); MaxLean GF Concentrate (Product No. 12354AAA); ShowTec Sow Ration with Thermal Care (Product No. 12343AAA); ShowTec BB 18 BMD (Product No. 18241AGNE4); ShowTec BB 18 BMD/DBZ (Product No. 18241PLM)...

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Apr 12 7:11 AM, Urner Barry


Shoppers Believe Government Policies and Actions Most Responsible for Higher Prices in Supermarkets 

The Feedback Group, a leader in providing actionable stakeholder feedback, today released new findings from national research conducted with 1,150 consumers about their experience shopping in supermarkets for food and groceries.

Government Policies and Actions Top List of Factors Responsible for Higher Prices at Supermarkets
Supermarket shoppers rated a variety of entities and factors, on a five-point scale where five is "highly responsible" and one "not at all responsible", as to their degree of responsibility for higher prices in supermarkets. Viewed as most responsible, government policies and actions received the highest mean score (3.86). Product manufacturers and suppliers scored second most responsible (3.75), followed more distantly by wars and worldwide political conflicts (3.42), supermarket retailers (3.40), and labor supply shor

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Apr 12 7:11 AM, Urner Barry


NRF Announces Promotion of Chief Lobbyist

The National Retail Federation today announced the promotion of David French from senior vice president to executive vice president of government relations and executive director of the National Council of Chain Restaurants. Since joining NRF in 2011, French has led the organization’s advocacy strategy to advance the retail industry’s legislative priorities.

“As NRF’s chief lobbyist, David is a great partner of many years who has done an incredible job with public policy efforts that support retailers and the millions of people they employ and the communities they serve,” NRF President and...

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Apr 11 9:43 AM, Urner Barry


ANALYSIS: Turkey Exports Tonnage: Greater Than What Meets the Eye

The turkey export figures were quite a sight to behold throughout the month of February. At 36.4 million pounds, total outward tonnage rose on a year-over-year (YoY) basis for the ninth consecutive month in a row. The most recent data gave way to a notable 46% advance from 2023. This was enough to position February’s closing figure at the highest seasonal level observed since 2021.

Total export value also realized a 20% uptick from the previous year. Although month-over-month (MoM) volume retreated by 0.07%...

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Apr 11 8:15 AM, Urner Barry


ANALYSIS: Raw Material Costs in the QSR Sector - Beef Versus Chicken

Fast food restaurants have garnered a lot of attention in recent months due to increasing menu prices.  We thought it would be worthwhile to examine the costs for different ingredients used by the sector, particularly focusing on raw protein materials required for staple menu items. 

For this analysis, we concentrate on hamburger formulations using a 75% lean point. Cost ratio values below one indicate that a hamburger made exclusively from domestic boneless beef provides greater economic value, while values above one suggest that alternative options...

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Apr 11 8:11 AM, Urner Barry


KFC Global to Welcome New CFO

KFC Global today announced that Alex Barsk (she/her) will be joining KFC Global as our new Chief Financial Officer (CFO), reporting directly to Sabir Sami, KFC Global Chief Executive Officer (CEO), effective June 1, 2024.

In this role, Alex will be responsible for leading KFC’s global Finance function, ensuring continued growth and profitability for the KFC business. She will also oversee KFC’s Financial Planning Analysis and Strategy functions.

Alex joins us from our sister brand, Pizza Hut, where she most recently served as Global Chief Financial Officer...

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Apr 11 8:01 AM, Urner Barry


NCBA Urges USDA to Reverse Decision to End Reporting of Critical Cattle Industry Data

Today, the National Cattlemen’s Beef Association (NCBA) criticized the U.S. Department of Agriculture National Agricultural Statistics Services’ (USDA-NASS) decision to cancel the July Cattle Report and discontinue the County Estimates for Crops and Livestock, among other changes. These reports provide critical data and the decision to end them is completely misguided.

“It is disingenuous for the same agency which touts its commitment to transparency in livestock markets to arbitrarily cease publication of reports which provide just that...

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Apr 11 8:00 AM, Urner Barry


Dickey’s Barbecue to Expand Partnership with Sam’s Club

Dickey’s Barbecue Pit is thrilled to continue growing their retail presence with Sam’s Club.

Starting in April 2024, the Texas-style barbecue brand is expanding their partnership into an additional 30+ Sam’s Club stores throughout Montana, Louisiana, New Mexico, Central and South Texas Regions. Sam’s Club shoppers can purchase Dickey’s world famous, original polish smoked sausage ropes in the popular 36oz Club Pack and show off their backyard pit master skills from the comfort of their own homes.

“We are pleased to now be offering the Dickey’s...

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Apr 11 8:00 AM, Urner Barry


Highly Pathogenic Avian Influenza Confirmed in North Carolina Dairy Herd

Highly pathogenic avian influenza (HPAI) was detected in a dairy herd in North Carolina on April 10, bringing the number of states with confirmed cases of HPAI in livestock to seven. 

HPAI has previously been detected in nine dairy herds in Texas, three in Kansas, two in New Mexico, and one each in Michigan, Idaho, and Ohio. The movement of cattle from affected herds in these states to North Carolina has been suspended. 

“This is an evolving situation, and we are waiting for more diagnostics from NVSL and will work collaboratively with our federal partners and dairy farmers in North Carolina,” said Agriculture Commissioner Steve Troxler...

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Apr 11 7:07 AM, UB Newswires


Kroger Kicks Off a Latin Flavor Take Over Four-Week Event

The Kroger Co. today announced it is kicking-off Cinco de Mayo with a four-week Latin flavors event. Customers are invited to experience savory Latin cuisine and explore the vibrant world of Latin flavors waiting for them at Kroger.

"This event is a celebration of a culture and flavors that inspires togetherness and a passion for food," said Dan De La Rosa, Kroger's group vice president of Fresh Merchandising. "We hope to curate an experience that promises to spark a new culinary adventure...

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Apr 10 3:23 PM, Urner Barry


Rerouting Trucks and Ships Away from Baltimore: What Early Data Shows

As the days add up after the March 26 collapse of the Francis Scott Key Bridge, companies that gather data from trucks and supply chains are beginning to get an idea of where trucks are rerouting in the catastrophe’s wake. Data on ship rerouting is less conclusive.

While some of that data is clear, a lot remains murky as shippers and carriers figure out how to loosen the logistical choke points the collapse created.

One of the clearest data series in the market, because it is fed...

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Apr 10 9:15 AM, Urner Barry


The Retail Rundown: Competitive Prices Drive Traffic; CPI Update

The coming weeks and months present favorable weather conditions for grilling and travel, considered supportive of protein sales from both a retail and foodservice standpoint. And with a few notable items displaying comparatively attractive prices, the retail sector is well positioned to capitalize on pent-up grilling demand.

Below, we’ll explore a few notable items featured near or below year-ago levels last week, when some households celebrated Easter.

First up is beef ribeye, which averaged $10.79 discounted, down $2.24, or 17.2% from a year ago. Beef...

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Apr 10 9:05 AM, UB Newswires


Import Cargo To Hit 2 Million Containers For First Time Since Last Fall

Next month’s inbound cargo volume at the nation’s major container ports is expected to top 2 million units for the first time since last fall as imports grow despite new supply chain challenges, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“U.S. imports are continuing to increase despite another disruption impacting U.S. ports,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “As retailers have adjusted to limits...

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Apr 10 9:00 AM, Urner Barry


AFN to Bolster Definition and Establish Criteria for Regeneratively Raised Grass-Fed Beef

As the leading domestic grass-fed beef producer in the United States, American Farmers Network (AFN) has already established and implemented criteria for regeneratively raised beef standards throughout its extensive network of family ranchers. With AFN already having USDA approval to use the Regenerative Agriculture claim on its packaging for products currently being distributed through retail chains nationwide, they are perfectly situated to pioneer the development of a comprehensive certification criteria for regenerative grass-fed beef production across the entire beef category...

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Apr 10 9:00 AM, Urner Barry


ANALYSIS: Will Peeled Knuckles Hold Their Ground? Lean Beef Shortage Tests Seasonal Trends

Record-high prices of 90% boneless beef have had a massive impact on several items within the boxed beef complex. Perhaps none have felt the effect more so than the peeled knuckle. Choice peeled knuckles have witnessed the strongest seasonal pricing in history through April 8, at $3.60/lb. Just a quick glance at the above chart and it becomes quite clear that pricing has fallen right in line with the trend of 90% boneless beef....

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Apr 10 8:00 AM, Urner Barry


ANALYSIS: Australia's March Beef/Veal Exports Reach Highest Levels Since 2014, US Takes Top Spot

Australia’s beef/veal exports for March surged to levels not seen since 2014, up 7.7% y-o-y or up 7,595 mt to 106,573 mt, data from the Department of Agriculture, Fisheries, and Forestry (D.A.F.F) indicated. This also pointed to a consecutive monthly increase of 12,739 mt or 13.6% m-o-m. 

Notably, the US has taken over as the largest export destination for Australia, surpassing Japan, for the first time since 2015. The Monthly Australian Meat Export figures to...

 

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Apr 10 8:00 AM, Urner Barry


Kim Lewis Appointed CMO of Capriotti's Sandwich Shop

Capriotti's Sandwich Shop (Capriotti's) announced this morning the latest addition to its executive leadership team: Kim Lewis, the first-ever Chief Marketing Officer (CMO) for the brand. This appointment comes as Capriotti's continues to plant roots in new markets, introduce menu and tech innovations to its operations, and further establish itself as a category leader in the restaurant space across the country.

Kim's experience in marketing spans well over two decades, including more than 15 years in the retail industry and most recently, 6+ years...

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Apr 9 2:49 PM, Urner Barry


Corn Planting Progress Slightly Outpacing Average Rate

In the USDA’s latest Crop Progress report, corn plantings as of Sunday, April 7 were 3% underway across the 18 primary production states. This is slightly behind the 5-year average rate of 2%. 

Seven states now report planting progress, up from six the previous week. North Carolina and Missouri/Tennessee showed the most week-over-week progress, jumping 8 and 5 percentage points, respectively. 

States failing to get on the board include Iowa, Michigan, Minnesota, North Dakota, Ohio, South Dakota, and Wisconsin.

Corn futures were down 1 to 2 cents...

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Apr 9 10:49 AM, UB Newswires


Papa Johns Deepens Strategic Partnership With the Bajco Group to Expand Presence in North America 

Papa John’s International, Inc. (“Papa Johns” or “Company”) today announced plans to open 50 new restaurants by 2028 in partnership with franchisee Nadeem Bajwa and his company, The Bajco Group, which has grown over the past 20 years to become one of Papa Johns largest domestic franchisees.

Furthering Bajwa’s goal to own 500 Papa Johns restaurants, the new agreement will expand the Papa Johns footprint in The Bajco Group’s existing markets across the Midwest and in Arizona, Pennsylvania...

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Apr 9 9:23 AM, Urner Barry


Applebee’s Launches NEW Whole Lotta Bacon Burger

Applebee’s is bringing home the bacon to guests nationwide with its newest Handcrafted Burger: the NEW Whole Lotta Bacon Burger! Big, bold, and full of bacon, the NEW Whole Lotta Bacon Burger takes flavor to the next level for only $9.99, for a limited time.* Guests can cure their bacon cravings with this decadent burger by dining in or ordering To Go.

The NEW Whole Lotta Bacon Burger features seared Applewood-smoked bacon in a juicy all-beef patty, topped with three slices of bacon, tangy bacon sauce and American cheese...

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Apr 9 9:03 AM, Urner Barry


Cal-Maine Foods, Inc. Announces Retirement of Jeff Hardin

Cal-Maine Foods, Inc. today announced that Jeff Hardin, Senior Vice President of Sales, is retiring from his position with the Company, effective July 23, 2024. Scott Hull, Vice President of Sales, will assume the executive officer role previously held by Hardin, effectively immediately. Hardin will continue to work with Hull through the transition period until his official retirement date.

Hardin joined Cal-Maine Foods in 1988 and was named Vice President of Sales in 2002. He has played a pivotal role in driving the Company’s consistent...

 

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Apr 9 8:00 AM, Urner Barry


KFC Introduces New "Taste of KFC Deals"- A Value Menu with Real Value- Starting at Just $4.99

KFC is bringing its beloved 11 herbs and spices to an all-new "Taste of KFC Deals" value menu available starting today, with flavor-packed meal deals starting at just $4.99*.

It's been 30 years since food ate up this much of people's incomes, and 56% of consumers are budgeting their finances more now due to inflation.** These deals are tailor-made to fit right into your loud budget – save on delicious fried chicken so you can spend more...

 

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Apr 9 7:59 AM, Urner Barry


Bojangles Introduces Bo's Bird Dog: A Flavorful Twist on a Classic Favorite

Bojangles is giving chicken lovers a tasty, on-the-go way to enjoy one of its most popular menu items with the all-new Bo’s Bird Dog. A spin on a classic hot dog, the Bo’s Bird Dog features a Bojangles Chicken Supreme tender nestled in a split-top bun, topped with thick-cut pickles and drizzled with Carolina Gold sauce – a sweet and tangy honey mustard-based BBQ sauce.

“Bo’s Bird Dogs offer a delicious and portable way to feed the whole...

 

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Apr 9 7:58 AM, Urner Barry







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