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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%...

Full Story »
Apr 11 8:15 AM, Urner Barry



ANALYSIS: Turkey Inventories: Frostbite, or Ready to Take Flight?

Although the turkey marketing backdrop has been relatively sedate leading up to Easter, industry players still have quite a lot to mull over as we fast approach Q2. One report which has garnered attention recently is February’s Cold Storage assessment..

As depicted by this week’s chart, month-over-month (MoM) movement of most key lines kept closely with the established seasonal trend. Comparative yearly figures, however, were a mixed bag; ranging as high as 98% above, to as low as 15% below, 2023.

Starting with the cumulative data, total inward movement...

Full Story »
Mar 28 9:23 AM, Urner Barry


ANALYSIS: Hatching Plans to Combat Future Uncertainty

Anyone intimately involved in the turkey industry has most likely had their eyes on the hatchery data to start the year. Substantial reductions in all three major categories, Eggs In Incubators, Eggs Hatched and Net Poults Placed have taken place over the past few months which leads many to question what exactly is causing the downtrend. The answer though, may not be as simple as it once was. Traditionally speaking, when hatchery statistics move notably higher or lower, it comes as a concerted effort by the industry to better align with current and...

Full Story »
Mar 21 8:24 AM, Urner Barry


The Retail Rundown: 2024 Annual Power of Meat Study Recap

The 2024 Power of Meat Study was revealed at the Annual Meat Conference in Nashville, Tennessee this week. Anne-Marie Roerink, Principal at 210 Analytics, presented the findings and identified the trends currently shaping the retail meat sector.

This year’s report found that the number of Americans who describe themselves as meat eaters (80%) and the number of households that purchase meat (98%) were unchanged from 2023. Circana data indicates that overall household penetration across all incomes, ethnicities, household sizes, and ages, averages above 97%...

Full Story »
Mar 20 8:27 AM, UB Newswires


Salm Partners, LLC, Recalls Johnsonville Polish Kielbasa Turkey Sausage Products 

Salm Partners, LLC, a Denmark, Wis., establishment, is recalling approximately 35,430 pounds of Johnsonville turkey kielbasa sausage that may be contaminated with foreign materials, specifically pieces of rubber, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced today.

The turkey kielbasa sausages were produced between Oct. 30-31, 2023. The following products are subject to recall [view labels]:

  • 12-oz. vacuum-packed packages containing a single piece of "Johnsonville POLISH KIELBASA TURKEY" sausage and best by dates "05/17/24" and "05/18/24"...
Full Story »
Mar 8 9:01 AM, Urner Barry


Full Moon® Launches New Artisanal Sausage Slices

Today, Full Moon®, the brand known for its human-grade dog food and jerky treats, announced the launch of its Artisanal Sausage Slices, giving pets the fresh from the deli experience they deserve. Created for devoted pet owners who prioritize their own health, wellness and quality food, these snackable treats will help them do the same for their furry friends.

Like all Full Moon® products, Artisanal Sausage Slices are made using 100-percent human-grade ingredients sourced responsibly from family farms, meaning they look, smell, and taste just like the...

Full Story »
Mar 5 9:41 AM, Urner Barry


Cracker Barrel Old Country Store® Announces Return of Easter Heat n' Serve Favorites

To celebrate Easter, Cracker Barrel Old Country Store® is announcing new meal offerings to help create a delicious home-cooked meal experience. Guests can enjoy new items like the Hot n' Ready Easter Ham and Turkey Family Dinner and a Heat n' Serve French Toast Bake or traditional favorites like the Easter Heat n' Serve Ham or Prime Rib meals.

"This Easter, let Cracker Barrel do the homestyle cooking," said Cracker Barrel Vice President of Culinary Thomas Yun...

Full Story »
Feb 29 9:38 AM, Urner Barry


ANALYSIS: December Turkey Exports Leave Room For Interpretation

While Highly Pathogenic Avian Influenza (HPAI) has been slow to relinquish its ugly grasp on the turkey industry, December’s ending export figures didn’t deviate too far from the established seasonal course.

As 2023 came to a close, total outbound volume hit 42.1 million pounds. So what does this mean for market participants? Sentiment is highly dependent on one’s vantage point. On one hand, December’s export tally marks a significant 43.1% advance when compared to the year prior. On the opposite hand, it is important to bear in mind that 2022’s sweeping...

Full Story »
Feb 15 6:28 AM, Urner Barry


Turkey Smoke is Back in 2024 and Expands from Coast-to-Coast

The National Turkey Federation (NTF) is pleased to renew its partnership with the Kansas City Barbeque Society (KCBS), kicking off the fifth year of the Turkey Smoke Series, which encourages both professional and amateur pitmasters to showcase the versatility and creativity of turkey on the smoker or grill. The Turkey Smoke Series features a turkey category in select barbeque competitions across the United States during the 2024 season. Pitmasters and contest organizers love that the Turkey Smoke Series adds thousands of dollars...

Full Story »
Jan 18 9:01 AM, Urner Barry


REPORTER: After Decade-Old WTO Fight, India Cuts Frozen Turkey, Duck Tariffs

This article was originally featured in the WINTER 2024 Edition of Urner Barry’s Reporter magazine.

On September 11, 2023, U.S. Trade Representative Katherine Tai announced that India had agreed to reduce tariffs on frozen turkey and ducks from 30% to 5%, along with other U.S. agricultural products. This ends the last major trade dispute between the two nations, potentially opening a sizable export market forAmerican producers.

The announcement came after President Joe Biden’s meeting with Prime Minister Narendra Modi at the G20 Summit in New Delhi...

Full Story »
Jan 12 8:15 AM, Urner Barry


Salm Partners, LLC Recalls Ready-to-Eat Turkey Kielbasa Products Due to Possible Extraneous Material

Salm Partners, LLC, a Denmark, Wis. establishment, is recalling approximately 133,039 pounds of ready-to-eat turkey kielbasa products that may be contaminated with extraneous materials, specifically bone fragments, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The ready-to-eat turkey kielbasa items were produced on October 27, 2023, and October 30, 2023. The following products are subject to recall [view labels]:

13-oz. plastic vacuum-sealed packages containing “PARKVIEW TURKEY...

Full Story »
Jan 8 8:51 AM, Urner Barry


Mintec Releases "Christmas Dinner Index 2023" Report

Mintec's Christmas Dinner Index, which measures price fluctuations across key food commodities that make up a traditional Christmas dinner (main meal and dessert), increased by 2.7% year-on-year (y-o-y) in November 2023.

 Mintec enables the world's largest food and manufacturing brands to implement more efficient and sustainable procurement strategies. We do this through our cutting-edge SaaS platform, Mintec Analytics, which delivers market prices and analysis for thousands of commodities, food ingredients and associated materials. Our data and tools empower our customers to understand prices better, analyze their spend...

Full Story »
Dec 22 7:58 AM, Urner Barry


The Retail Rundown: Ham Features Increase for the Holidays

The countdown to Christmas is rapidly winding down and shoppers are busy stocking up on last-minute gifts and food for visiting family and holiday gatherings.

For the second week in a row, pork features claim the top spot among protein ads this week with 28.4%. Seafood follows with 25.7% of total protein ad volume, while beef comes in third at 20.5%. Chicken retail buying opportunities declined to 8%, compared to 13.8% the previous week. Turkey features advanced to 9.7%, up about four points from last week...

Full Story »
Dec 20 7:30 AM, UB Newswires


Enjoy the Season with Dickey’s Heat and Serve Holiday Feasts

Dickey’s Barbecue Pit knows the holidays are the perfect time to sit back and enjoy some Texas-style with friends and family. With significant holiday sales so far this year, the Dickey’s team was thrilled to secure plenty of Smoked Turkeys, Prime Ribs, Cajun Turkeys, and Spiral Cut Hams for you to enjoy at a fantastic price.

Give your favorite pit master a break this holiday season and let Dickey’s do the cooking for you. The barbecue brand recognizes that we have a lot to be grateful for...

Full Story »
Dec 15 9:09 AM, Urner Barry


ANALYSIS: Turkey Exports Start Q4 on a High Note

While recent outbreaks of Highly Pathogenic Avian Influenza (HPAI) in various states and counties have posed challenges to the international footprint of the turkey industry, export performance through the end of October demonstrated noteworthy resilience.

During this period, the total outbound movement reached 52.9 million pounds. This marks the highest seasonal level observed since 2020 and also reflects a 5.8% increase when compared to September. With that being said, it is worth noting that October's cumulative movement still lagged approximately 18 percentage...

Full Story »
Dec 14 8:00 AM, Urner Barry


The Retail Rundown: Thanksgiving Turkey Retail Prices Reported Higher Despite Wholesale Drop

With Thanksgiving in the rearview mirror, Urner Barry is looking back at how this year’s retail Thanksgiving sales compared to recent years. 

According to Circana data, retail turkey prices on both a discounted and non-discounted basis have consistently trended higher in the past five years. Generally, distribution has also seen an uptrend in recent years. 

Distribution is a measure that reports the distribution of discounted and non-discounted items. It takes into account the number of Universal Product Codes (UPCs) selling within a given aggregate...

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Dec 13 7:11 AM, UB Newswires


It’s the Most Wonderful Time of the Year at The Fresh Market!

The Fresh Market is making prepping for the holidays easier than ever this year, with the specialty food retailer’s prepared holiday meals available now for pre-order, a special holiday print edition of The Fresh Market Magazine, and a holiday-themed shoppable livestream featuring brand ambassador, Chef Anna Rossi. 

Whether it's a festive feast with family and friends or a small gathering, The Fresh Market offers everything guests need to create memorable and delicious meals. To make holiday shopping even more convenient, The Fresh Market also...

Full Story »
Nov 29 11:17 AM, Urner Barry


Mintec Releases "Thanksgiving Dinner Index 2023" Report; Read It Here

Mintec enables the world's largest food and manufacturing brands to implement more efficient and sustainable procurement strategies. We do this through our cutting-edge SaaS platform, Mintec Analytics, which delivers market prices and analysis for thousands of commodities, food ingredients and associated materials. Our data and tools empower our customers to understand prices better, analyze their spend and negotiate with confidence.

Mintec’s latest report, “Thanksgiving Dinner Index 2023,” is a look at the components that make up the traditional holiday dinner...

Full Story »
Nov 22 9:29 AM, Urner Barry


The Retail Rundown: Feasting on Holiday Features

Thanksgiving is here and the retail segment is teeming with all things turkeys, sides, sweets, and treats!

Fittingly, turkey leads the protein category with 31.1% of total feature volume, up from 22.5% the week prior. Pork follows with 22.8%. Seafood narrowly overtakes beef for the third spot, with 18.8%. Beef claimed 17.4%, nearly flat with last week.

Mintec recently took a look at the components that make up the traditional holiday dinner in its "Thanksgiving Dinner Index 2023" report. The index, which measures price fluctuations across key food commodities that make up a...

Full Story »
Nov 22 7:15 AM, UB Newswires


Urner Barry’s Market Briefing Provides Insights on Commodity Protein Markets

Urner Barry is the leading provider of protein market news and information in the food industry. Through daily canvasses of the trade and an unrivaled historical database, our analysts are uniquely positioned to report on the underlying conditions and significant disruptors to the market. In this Market Briefing, Urner Barry reporters outline the latest action in the commodity protein markets, highlighting seasonal factors, disruptors, and current supply and demand fundamentals.

Click HERE to view the latest report...

Full Story »
Nov 16 8:00 AM, Urner Barry


The Retail Rundown: 2023 Thanksgiving Outlook

Thanksgiving is just one week out and grocers are bracing for a busy weekend ahead as shoppers secure any remaining needs for the holiday feast. Below, we have the latest outlook on what Turkey Day 2023 may bring.

The Star of the Show 

Shoppers this Thanksgiving may breathe a sigh of relief when looking at prices for the big bird. Last year, households shelled out more money for their turkeys due to factors including highly pathogenic avian influenza (HPAI) complications, low cold storage holdings, and inflation.

A lull in bird flu detections following the initial outbreak...

Full Story »
Nov 15 7:50 AM, UB Newswires


Brazil Food Processor BRF Widens Net Loss in Q3 on Grain Prices, Chicken Glut

BRF SA, the Brazilian pork and poultry processor, widened its third-quarter loss from the year-ago period as it continued to deal with a chicken oversupply while also trying to rein in grain prices, it said on Monday.

BRF reported a 262 million real ($53.37 million) net loss in the third quarter, larger than the 136.7 million loss a year ago but slightly better than an LSEG consensus forecast of a 279 million real loss.

Despite the hit, BRF said improvements in the company's...

Full Story »
Nov 14 8:40 AM, Foodmarket


Majority of Thanksgiving Celebrations Predicted to Include Whole Turkeys this Year

As Thanksgiving quickly approaches, Cargill's U.S.-focused Future of Turkey study indicates a return to traditional Thanksgiving celebrations, with more than 8 in 10 consumers who responded saying they plan to purchase a whole turkey this year. This marks a turnaround from previous years when consumers often purchased individual turkey parts such as turkey breasts as they exercised caution during the pandemic with smaller gatherings and celebrations.

“Americans hold onto the belief that a whole turkey should be the centerpiece of a Thanksgiving meal with family and friends,”...

Full Story »
Nov 10 3:41 PM, Urner Barry


The Retail Rundown: Tuning in to Holiday Turkey Features

For this week's retail rundown, we're tuning in to holiday turkey features as Thanksgiving inches closer. Grocers are making room for the big bird in their meat cases and freezers for the millions of turkeys that will be gobbled down in two weeks. 

Seafood maintains the top spot among protein ads with 23.8% of features this week. Turkey ads captured nearly 9% of protein features this week, up from 6.9% the previous week. Within the turkey complex, frozen whole turkey features account for 56.5% of features, up from 25% a week...

Full Story »
Nov 8 7:00 AM, UB Newswires


Meijer Turkey Prices Help Families Combat Inflation, Celebrate Thanksgiving

With Thanksgiving fast approaching, Meijer is stocked and ready with a wide selection of turkeys at prices that roll back the clock to lessen the impact of inflation on families.

The Midwest retailer anticipates selling 1 million turkeys this holiday season, which is the equivalent of 520 truckloads. Customers can purchase Meijer brand frozen turkeys for only 59 cents per pound through Nov. 25, which is roughly the same cost Meijer offered its customers in the 1930s, said Josh Potts, Meijer Poultry Buyer...

 

Full Story »
Nov 7 8:00 AM, Urner Barry


Bird Flu Infects Commercial Table Egg Layer Farm for First Time in 11 Months

A commercial table egg layer operation has tested positive for highly pathogenic avian influenza (HPAI), or bird flu, for the first time in eleven months. 

The impacted operation had 940,000 birds in Wright County, Minnesota, according to USDA data. The government lists the confirmation data as November 3, 2023. 

Prior to last week's detection, the latest commercial layer operation to be hit by bird flu was a farm with 239,700 birds in Weld County, Colorado on December 20, 2022...

 

Full Story »
Nov 7 8:00 AM, UB Newswires


Target's Serving Up an Easy, Affordable Thanksgiving Meal for Under $25

Target Corporation (NYSE: TGT) today announced how it is helping guests serve up an effortlessly delicious Thanksgiving meal that won't stretch their budgets. Starting today, guests can shop Target's Thanksgiving meal for under $25 online and in store, including the following must-have staples to serve four:

  • Good & Gather Premium Basted Young Turkey (Frozen) – 10 lb.
  • Good & Gather Russet Potatoes – 5 lb.
  • Good & Gather Cut Green Beans – 14.5 oz.
  • Campbell's Cream of Mushroom Soup – 22 oz.
  • Ocean Spray Jellied Cranberry Sauce – 14 oz...
Full Story »
Nov 1 11:59 AM, Urner Barry


Perkins Restaurant & Bakery Unleashes Feastmode for the Holiday Season With New Holiday Menu

Perkins Restaurant & Bakery®, the leading family-dining restaurant brand known for homestyle comfort and all-day breakfast, invites guests to enter feastmode. With an array of holiday offerings, Perkins invites guests to enjoy hearty holiday feastivities with delicious Prime Rib dishes for breakfast, lunch and dinner.

Perkins, a name synonymous with comfort food and bakery treats, has been a beloved part of holiday traditions for 65 years. Starting Wednesday, November 8, 2023, participating restaurants will elevate their commitment to ensuring guests have a joyful holiday season...

Full Story »
Oct 31 9:32 AM, Urner Barry


It’s Turkey Time: BJ’s Wholesale Club Thanks its Members with Free Thanksgiving Turkeys

BJ's Wholesale Club (NYSE: BJ), a leading operator of membership warehouse clubs, today announced its annual free turkey promotion, helping members take advantage of incredible savings as they shop for their holiday essentials.

From November 1 through November 9, BJ’s members will be eligible to receive a digital coupon for a FREE fresh or frozen Butterball whole turkey when they spend $150 in the same transaction, in-club or online.

The free turkey coupon will appear in members digital coupon gallery beginning November 11...

Full Story »
Oct 30 9:14 AM, Urner Barry


Bob Evans Restaurants Celebrates This Holiday Season with the Return of Farmhouse Feasts

To celebrate the Thanksgiving season, Bob Evans holiday meals allow guests to spend less time cooking and more time making memories – the true meaning of the season. For years, Bob Evans has mastered their signature Thanksgiving recipes to alleviate the burden of making a Thanksgiving meal for its guests. This year, the return of Bob Evans’ Farmhouse Feasts feature a collection of holiday meals to-go that can accommodate gatherings of any size and are packed cold, ready to heat and serve in two hours or less...

Full Story »
Oct 30 7:58 AM, Urner Barry


Bird Flu Detected in Several U.S. Commercial Turkey Flocks Last Week

Last week, several commercial turkey operations spanning four states reported positive detections of highly pathogenic avian influenza (HPAI), a highly contagious and often fatal disease in birds. 

HPAI can be spread by direct or indirect contact with infected domestic or wild birds including ducks and geese. The disease can also be spread by contact with the virus on surfaces such as hands, shoes, clothing, and animal fur.

Poultry owners are urged to increase their biosecurity practices to protect their flocks, especially with fall migration underway.

California 

On October 26, HPAI was detected in...

 

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Oct 30 6:41 AM, UB Newswires


Cold Storage: End Sep Combined Meat/Poultry -1.3% on Mo, -7.8% on Yr

USDA monthly cold storage data released Wednesday afternoon showed combined meat and poultry stocks held in the nation's freezer warehouses at the end of September at about 2.146 billion pounds, 1.3% below the previous month and 7.8% less than a year ago.

Turkey and pork stocks were below the previous month while chicken and beef were up from their respective August figures. Turkey stocks were up from a year ago while chicken, pork, and beef were smaller. The combined stocks were 9.3% below the five-year average of...

 

Full Story »
Oct 25 3:25 PM, UB Newswires


The Retail Rundown: Keeping a Watchful Eye on Bird Flu

The threat of Highly Pathogenic Avian Influenza (HPAI) has resurfaced, with USDA reporting detections among commercial turkey flocks in South Dakota, Utah, and Minnesota earlier this month and again last week.

The fall migration of wild birds as they head south for winter could bring a new wave of infection, renewing concerns among market participants about the potential supply and trade implications of bird flu. The latest detections were on Friday, October 13, on two WOAH Non-Poultry operations located in North Dakota and Montana along with one commercial turkey...

Full Story »
Oct 18 7:11 AM, UB Newswires


Family Dinner Host Andrew Zimmern Debuts New Frozen Food Line, By Andre Zimmern

A chef known for exploring culture through food, Zimmern leverages his diverse life in food to bring crave-worthy, home-cooked flavors to the freezer aisle.

A chef known for exploring culture through food, Zimmern leverages his diverse life in food to bring crave-worthy, home-cooked flavors to the freezer aisle.

Connecting people through a shared love of food and cultures has been both a passion and life theme for Zimmern in his roles as a chef, on TV in series such as Family Dinner...

Full Story »
Oct 10 9:26 AM, Urner Barry


American Farm Bureau Federation: Turkey Prices Fall as Thanksgiving Approaches

The cost of purchasing a turkey could be lower this Thanksgiving, thanks to a drop in avian influenza cases and a recovery of the turkey population in the United States. American Farm Bureau Federation economists analyzed turkey and egg prices in the latest Market Intel report, which states the average price for an 8-to-16 pound turkey typically served for Thanksgiving was $1.27 per pound in August 2023, 22% lower than the same time last year.

“The status of HPAI (Highly Pathogenic Avian Influenza) is much...

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Oct 9 8:05 AM, Urner Barry


Blue Apron’s Popular Thanksgiving Menu Returns

Blue Apron (Nasdaq: APRN), the pioneer of the meal kit industry in the U.S., is bringing back its popular Thanksgiving menu this year for a memorable and hassle-free celebration. Available to order October 9 through November 20, the chef-curated options are designed to give customers ultimate flexibility, whether it’s a traditional turkey dinner, a plant-forward vegetarian meal, a honey-glazed baked ham or a variety of festive sides.

“Every year, the culinary team combs through feedback from previous holiday offerings to listen and learn from our customers,” said John Adler...

Full Story »
Oct 4 8:00 AM, Urner Barry


Hillshire Brands Company Recalls Smoked Sausage Products for Possible Foreign Matter Contamination

Hillshire Brands Company, a St. Joseph, Mo. establishment, is recalling approximately 15,876 pounds of blended meat and poultry smoked sausage products that may be contaminated with extraneous materials, specifically bone fragments, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced today.

The ready-to-eat blended meat and poultry smoked sausage items were produced on June 14, 2023.  

  • 14-oz. cryovac package containing one rope of "HILLSHIRE FARM SMOKED SAUSAGE MADE WITH PORK, TURKEY, BEEF" with lot codes in the form of the establishment number...
Full Story »
Sep 5 9:40 AM, Urner Barry


Butterball Releases Its 2023 Thanksgiving Outlook Report

Butterball, the best known and most loved* brand of turkey in the U.S., today released its annual Thanksgiving Outlook Report, revealing consumer plans and sentiment with the holiday less than three months away.

According to the findings, people are optimistic and planning to celebrate – with turkey as the centerpiece – again this year, but inflation is top of mind for many. Notably, 79% of consumers who plan to celebrate Thanksgiving expect inflation to impact their plans. However, holiday hosts remain committed to serving turkey, with 82% still planning to serve it...

Full Story »
Aug 30 8:35 AM, Urner Barry


ANALYSIS: Turkey Exports Get Leg Up In June

After setting out in January at some of the lowest seasonal levels since 1999, total turkey export volume ended the first half of the year on a high note...

Full Story »
Aug 25 8:45 AM, Urner Barry


Cold Storage: End July Combined Meat/Poultry -0.9% on Month, -4.3% on Year

USDA monthly cold storage data released Wednesday afternoon showed combined meat and poultry stocks held in the nation's freezer warehouses at the end of July at 0.9% below the previous month and 4.3% under a year ago.

The combined stocks were down 5.7% from the five-year average of 2.314 billion pounds. Chicken and turkey stocks were up from a year ago. Beef and turkey were higher than the month prior. 

POULTRY

Chicken stocks were reported at 847.6 million pounds, down 1.4% from the previous month and...

Full Story »
Aug 23 3:25 PM, UB Newswires


Country Archer Provisions Launches New Rosemary Turkey Mini Sticks and Beef Jerky Snack Packs 

Country Archer Provisions, the nation’s number one better-for-you meat snack brand has announced the launch of two new mouthwatering items sure to keep the entire family happy: Rosemary Turkey Mini Sticks and Original Beef Jerky Snack Packs. These perfectly portioned protein snacks offer clean-label ingredients for health-conscious consumers seeking irresistibly flavorful, better-for-you snacking options for themselves and their families.

Just in time for back-to-school, when schedules become crazy again and finding healthy and delicious food for your family...

Full Story »
Aug 9 8:48 AM, Urner Barry


Urner Barry’s Market Briefing Provides Key Insights Across the Protein Trade

Urner Barry is the leading provider of protein market news and information in the food industry. Through daily canvasses of the trade and an unrivaled historical database, our analysts are uniquely positioned to report on the underlying conditions and significant disruptors to the market. In this Market Briefing, Urner Barry reporters outline the latest action in the commodity protein markets, highlighting seasonal factors, disruptors, and current supply and demand fundamentals.

Full Story »
Aug 7 8:00 AM, Urner Barry


Pilgrim’s Pride Reports Second Quarter 2023 Results with $4.3 Billion in Net Sales

Pilgrim’s Pride Corporation, one of the world's largest poultry producers, reports its second quarter 2023 financial results.

Second Quarter Highlights

  • Net Sales of $4.3 billion.
  • GAAP Net Income of $60.9 million and GAAP EPS of $0.25. Adjusted Net Income of $105.3 million and Adjusted EPS of $0.44.
  • Consolidated GAAP operating income margin of 2.3%.
  • Adjusted EBITDA of $248.7 million, or a 5.8% margin, with adjusted EBITDA margins of 4.6% in the U.S., 5.2% in the U.K. & Europe, and 12.2% in...
Full Story »
Jul 28 7:57 AM, Urner Barry


Cold Storage: End June Combined Meat/Poultry +1.2% on Month, -1.8% on Year

USDA monthly cold storage data released Tuesday showed combined meat and poultry stocks held in the nation's freezer warehouses at the end of June at 2.201 billion pounds, up about 1.2% from the previous month but 1.8% less than a year ago.

Pork and beef were below the previous month while chicken and turkey stocks were larger. Chicken and turkey were above their year-ago figures while pork and beef were smaller. The combined stocks were 2.8% below the five-year average of 2.264 billion pounds...

 

Full Story »
Jul 25 3:27 PM, UB Newswires


USDA Efforts Lift Ban on U.S. Poultry Exports to Colombia

Quick action by FAS, USDA’s Animal & Plant Health Inspection Service, and the Office of the United States Trade Representative (USTR) has resolved an issue that temporarily stopped U.S. poultry product exports to Colombia, our 10th largest market for these products.

Colombia’s Ministry of Agriculture instructed all Colombian ports to deny import permits to any poultry products beginning June 1 on concerns of Highly Pathogenic Avian Influenza (HPAI). Roughly $1.1 million in U.S. exports were impacted by the ban between June 3 and June 8...

Full Story »
Jun 30 7:57 AM, Urner Barry


Pre-Report Estimates for May Cold Storage Show Total Stocks 1.7% Below Year Ago

USDA will release its monthly cold storage report at 3 p.m. Eastern time Friday. Bob Brown, a private analyst from Edmond, Oklahoma, provided his insight on what the upcoming report might show.

Frozen total meat and poultry stocks as of May 31st are projected to be down 2.2% from the previous month. Overall supplies remain below year-ago levels. Brown predicts total meat and poultry stocks to be about 2.163 billion pounds.

Beef, pork, and chicken stocks are expected to be down versus the previous month...

Full Story »
Jun 20 11:37 AM, UB Newswires


Governor Walz Declares June 18th Turkey Lover’s Day and June is also National Turkey Lovers' Month!

The Minnesota Turkey Growers Association (MTGA) and the Minnesota Turkey Research and Promotion Council (MTRPC) applaud Governor Tim Walz for declaring June 18, 2023, Turkey Lover’s Day in Minnesota! June is known as National Turkey Lovers’ Month, with June 18th specifically noted as National Turkey Lover’s Day.

“Minnesota’s turkey industry is resilient! Since the beginning of the highly pathogenic avian influenza (HPAI) outbreak, the turkey industry  has fought to overcome challenges, all while continuing day-to-day operations and providing turkey for families worldwide...

Full Story »
Jun 16 12:30 PM, Urner Barry


ANALYSIS: April Turkey Cold Storage: A Product of the Times We're In

For turkey market participants, April’s latest Cold Storage Report was quite the sight to behold, but it wasn’t particularly unexpected...

Full Story »
Jun 1 8:21 AM, Urner Barry


Meat Institute Partners with IT-ISAC to Improve Cybersecurity with New Food & Ag ISAC

The North American Meat Institute today announced a new partnership with the Information Technology-Information Sharing and Analysis Center (IT-ISAC) on the launch of a Food and Agriculture ISAC to enhance cybersecurity for the meat and poultry industry.

“We are grateful for the leadership of several of our members who helped found the Food and Agriculture ISAC to better prepare the industry to fight against the increasing threat of cyber attacks on our nation’s critical food infrastructure,” said... 

 

Full Story »
May 25 8:00 AM, Urner Barry


Butterball Launches Bun-Length Hearty Turkey Sausage Links

Butterball, LLC has launched Butterball Hearty Turkey Sausage, an innovative new product in the protein space perfect for every season, every day. The butcher-style turkey sausage link is bun-length and offers the same taste and texture of its pork counterparts, but with 70% less fat than pork and beef smoked sausage*. It is available in two flavors: Old World Smoked and Polish Style.

"The fully cooked smoked sausage category needs some sizzle, and we are going to deliver," said Michelle Lieszkovszky, leader of new consumer solutions at Butterball...

Full Story »
May 1 9:54 AM, General News


GHSW, LLC. Issues Allergy Alert for Undeclared Sesame in Turkey and Havarti Sandwich

GHSW, LLC. is voluntarily recalling 8.55 oz packages of Turkey and Havarti Sandwiches due to undeclared sesame in bread. People who are allergic to sesame run the risk of serious or life-threatening allergic reaction if they consume this product.

The recalled product was shipped to Dillon stores in Kansas, Baker’s stores in Nebraska, Gerbes stores in Missouri, as well as Kroger stores in Texas and Louisiana from 01/01/23 to 4/24/23.

The recalled Turkey and Havarti Sandwiches are packaged in 8.55 oz clear...

Full Story »
Apr 27 9:58 AM, Urner Barry


Pre-Report Estimates for Mar Cold Storage Show Total Stocks 4.2% Above Year Ago

USDA will release its monthly cold storage report at 3 p.m. eastern time Tuesday. Bob Brown, a private analyst from Edmond, Oklahoma, provided his insight on what the latest report might show.

Frozen total meat and poultry stocks as of March 31st are projected to be down slightly from the previous month. Overall supplies remain above year-ago levels. Brown predicts total meat and poultry stocks to be about 2.204 billion pounds.

Pork, beef, and chicken stocks are expected to be down versus the previous month...

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Apr 20 10:00 AM, UB Newswires







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Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

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