USPOULTRY Wire Archive - 5/16/2018

USPOULTRY Wire Masthead
The information in USPOULTRY's electronic newsletter is intended to inform our members of current events affecting the industry and is not necessarily representative of USPOULTRY's views on any particular topic.


USPOULTRY Accepting Applications for 2018 Clean Water Awards
USPOULTRY is accepting applications for the 2018 Clean Water Awards. The awards recognize outstanding performance of wastewater treatment plants that operate at poultry or egg processing facilities. Winners will be announced at USPOULTRY’s 2018 Environmental Management Seminar to be held Sept. 20 – 21, at the Hilton Sandestin Beach Golf Resort & Spa in Destin, Fla.

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Membership Spotlight: Whitestone Transportation
Whitestone Transportation, LLC was formed in 2007 as a brokerage company to the sister operating company Ferry Transportation, Inc. In September 2008, Lamar Shima and Tom Anderson acquired both companies. For tax entity purposes, an operating authority was added to Whitestone Transportation in 2011. All operations, contracts and employees were moved from Ferry Transportation, Inc. to Whitestone Transportation in May 2012. At the same time, the base of operating was relocated from Laurel, Miss., to Moselle, Miss.

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Marfrig Announces Acquisition of Controlling Interest in National Beef and Decision to sell Keystone Foods
Marfrig announces its results for the first quarter of 2018 (1Q18). Due to the Company’s decision to divest the Keystone Foods, the business was discontinued in 1Q18. For the purposes of this document, the results when identified are presented on a combined basis (includes Keystone).

- Marfrig’s combined net revenue came to R$5.1 billion in 1Q18, growing 24 percent on 1Q17.
- In 1Q18, combined Adj. EBITDA was R$351 million, up 5 percent on the prior-year period.
- Cattle slaughtering amounted to 887,000 head, increasing 42 percent on 1Q17.
- Beef division's net revenue amounted to R$2.9 billion, with exports accounting for 54 percent of its net revenue.
- Fresh beef export volume grew 67 percent compared to 1Q17.
- Adj. EBITDA of the Beef Division amounted to R$191 million, 30 percent higher than in 1Q17.
- In January 2018, Marfrig issued US$1 billion in 2025-bonds at a coupon of 6.875 percent p.a.
- Leverage, measured by the ratio of net Debt to Adj. EBITDA LTM stood at 3.67x.
- In April, the rating agency S&P placed the Company’s corporate rating on “positive credit watch.”

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IPE Exhibitor Spotlight: Anitox
Anitox is a global leader in the control of pathogens and other unwanted microbes. Their staff scientists, veterinarians, nutritionist, feed mill technicians and engineers to industry experts and consultants, their knowledge of pathogen control is unrivaled. So whatever your challenge, wherever you are in the world, they stand ready to provide effective, practical solutions to reduce risk and deliver efficiency.

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Sanderson Farms Continues Its Mission in Transparency
The truth-telling effort continues this week, as Sanderson Farms' latest round of television spots begin airing around the country. As part of the company's common sense campaign, these latest spots once again seek to dispel commonly held myths among consumers regarding poultry production in America.

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JBS Net Income Increases 43.5 Percent in Q1
JBS reported a 43.5 percent year-over-year increase in net income for the first quarter of its 2018 fiscal year. The Brazil-based meat and poultry company recorded BRL506.5 million (US$142 million) for the quarter, compared to the BRL353 million (US$98.9 million) reported for the same quarter of fiscal year 2017.

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CoBank: Rapid Growth of Blockchain Brings Opportunity, Change to Agriculture
As agribusiness interest increases and use-cases for blockchain technology become more prevalent, agriculture stands to benefit by lower transaction costs, optimized logistics, increased traceability, enhanced food and safety protocols, and potentially greater value creation across the supply chain, according to a report from CoBank’s Knowledge Exchange Division. Blockchain, which is an information storage technology that allows people to record transactions in a digitized, decentralized data log maintained on a network of computers, is already being put to use by major technology companies and some commodity merchandisers.

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ADM’s Novel Plant Protein Approach
Having spent decades working with plant protein sourced from soy and wheat, Archer Daniels Midland Co. now is taking what was learned and applying it to more novel plant protein sources. Solving flavor and functionality issues in protein sourced from legumes like peas or ancient grains like quinoa could unlock opportunities for food formulators.

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Keel Bone Fractures in Laying Hens Affect Animal Welfare
Many egg-laying hens experience keel bone fractures at some point in their lives, whether they are housed on the floor in deep litter, in battery cages in conventional systems or in free-range or organic production systems with access to outdoor areas, according to Aarhus University in Denmark. Fractures may arise because of collisions with housing structures or other hens or because of failed landings, but for most of the injuries, the underlying reason is unknown, the university said.

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Secretary Perdue Appoints New Members to National Advisory Committee on Meat and Poultry Inspection
U.S. Secretary of Agriculture Sonny Perdue announced the appointment of five new members and 12 returning members to the National Advisory Committee on Meat and Poultry Inspection (NACMPI). NACMPI was established in 1971 by the USDA Food Safety and Inspection Service (FSIS). NACMPI is a discretionary advisory committee that advises on food safety concerns and other matters affecting federal and state inspection program activities. It also contributes to USDA’s regulatory policy development.

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Turkey Hatchery
Eggs in Incubators on May 1 down One Percent from Last Year
Turkey eggs in incubators on May 1, in the United States totaled 28.7 million, down one percent from May 1, 2017. Eggs in incubators were up two percent from the April 1, total of 28.2 million eggs.

Poults Hatched during April up Slightly from Last Year
Turkey poults hatched during April 2018, in the United States totaled 23.4 million, up slightly from April 2017. Poults hatched were down three percent from the March 2018 total of 24.2 million poults.

Net Poults Placed during April up One Percent from Last Year
The 22.6 million net poults placed during April 2018 in the United States were up one percent from the number placed during the same month a year earlier. Net poult placements were down one percent from the March 2018 total of 22.8 million.

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Daily National Grain Market Summary (Tue)
Compared to yesterday, cash bids for corn were higher, wheat and soybeans were mixed, while sorghum was not quoted today. After doing next to nothing for a day and a half, corn stormed higher late in Tuesday's session. Winter wheat remains fundamentally bearish long-term. Slow soybean sales to China are becoming more of a market factor. While this is concerning, some analysts feel China will show up late in the marketing year and make enough purchases to catch us up.

*Corn was 5 to 7 3/4 cents higher.
*Sorghum was not quoted.
*Soybeans were from 1 cent lower to 3 cents higher.
*Wheat was steady to 7 cents higher.

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Shell Eggs (Wed)
This report contains information on the Daily Weighted Average Trailer Load of Egg Sales.

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Processed Eggs (Wed)
Breaking stock prices are steady to one cent lower with checks and undergrade prices lower. The undertone is barely steady. Offerings are mostly moderate. Supplies are balanced to moderate. Demand is moderate. Schedules full-time. Market activity is moderate.

Prices in cents per dozen, delivered to breakers, 48 lb. minimum net weight per 30 dozen case, eggs from table egg layers. Packaging may vary.

Breaking Stock: 66-67
Checks: Range: 46-54, Mostly 49-54

Daily Southern States Broiler/Fryer Parts
FOB dock or equivalent, iced-packed, prices shown are day of shipment (includes current and prior negotiations), trucklot and less than trucklot volume, cents per pound.

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Daily Northeast Broiler/Fryer Parts as of 11:30
Prices are trending steady to firm for bone-in breasts; steady to weak for boneless skinless breast, weak for tenders and steady for the balance of items. Trucklot buying activity is light to moderate for mid-week trading as dealers saw no need to extend floor stocks beyond normal commitments. Offerings of bone-in breasts are balanced and well cleared; boneless skinless breasts, dark meat cuts and wings are moderate to heavy with jumbo sized b/s breasts available and slow to clear. Tenders are available. Market activity is slow to moderate.

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Daily National Turkey Market-At-A-Glance (Tue)
DOMESTIC MARKET HIGHLIGHTS

The market on frozen 8-16 lb. hens and 16-24 lb. toms from 2018 production is steady to firm, mostly steady. Demand light to moderate. Processor offerings of 2018 frozen Grade A 8-16 lb. hens and 16-24 lb. toms light to moderate. Frozen Grade A basted equivalent processor offering prices on a national basis from 2018 production for 8-16 lb. hens are 75.00-84.00 cents FOB and 16-24 lb. toms 75.00-86.00 cents FOB for current deliveries. No trading reported.

The market on fresh tom breast meat is steady with a stronger undertone, tenderloins and white trims is steady. Demand on fresh white meats and white trims moderate to sometimes good while frozen is light to moderate. Offerings light to moderate. The market on 4-8 lb. breasts is steady to instances weak. The institutional sized breasts market is mostly steady. Demand light to moderate. Offerings very light to moderate. The market on frozen tom bulk parts is generally steady. Demand and offerings light to moderate. The market on thigh meat is at least steady. Demand moderate to good on fresh thigh meat while frozen is light to moderate. Offerings very light to moderate. The mechanically separated turkey market is steady at best. Demand moderate. Offerings light to moderate. Trading slow.

EXPORT MARKET HIGHLIGHTS

Trading slow with activity reported on scapula. The market is generally steady. Demand and offerings light to moderate.

Daily National Young Turkey Parts (Tue)
The market on bulk parts was steady. Demand and offerings was light to moderate. The market on fresh breast meat steady, instances firm balance of white meats and trims is steady. Demand and offerings light to moderate. Thigh meat market is steady. Demand and offerings light to moderate. Market on mechanically separated turkey is steady. Demand and offerings light to moderate. Trading slow to moderate. For domestic: frozen tails 73 cents, frozen livers 45 cents, hearts 78 cents, fresh wing meat 72 cents, fresh scapula 113-123 cents and fresh breast trim 94-102 cents delivered. For export: fresh tom drums 61 cents delivered to border.

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