Milling & Baking News Corporate Profiles - October 2012 - (Page 40)
Meat and Poultry
Meat and Poultry
Meat and poultry prices will rise in 2013 as the full effects of the drought take hold
T
he North American meat and poultry industry is facing two challenges as it enters 2013: The drought that occurred in 2012 will lead to rising prices, and, at the same time, consumers who are focused on value-oriented products as the U.S. economy slowly recovers. Livestock and poultry producers have and will continue to take the brunt of high corn, soybean meal and other feed ingredient prices, which combined, mean record high feed prices that will eventually ripple through the supply chain. And
ultimately, what consumers are willing to pay at the meat counter may be tested with meat prices already at or near record levels. “Next year, per capita consumption of red meat and poultry is expected to drop below 200 lbs per capita for the first time since 1990,” the U.S. Department of Agriculture said in its August Livestock, Dairy and Poultry Outlook. Total red meat and poultry consumption was forecast at 197.7 lbs in 2013, down 5 lbs, or 2%, from 2012, and down 11.2
U.S. per capita disappearance
beef and pork
2013** 2012* 2011 2010 2009 2008 2007 2006 55.2 45.2 57.5 45.8 57.3 45.7 59.6 47.8 61.1 50.2 62.5 49.5 65.3 50.8 65.9 49.5
retail lb
Beef Pork
Source: U.S. Department of Agriculture
*forecast **projected
lbs, or 5%, from 208.9 lbs in 2010. The U.S.D.A.’s per capita consumption estimates and forecasts are arrived at mathematically using production and population data, without consideration for consumer reaction to price levels. The potential effects of the drought on livestock and meat production outlined in the U.S.D.A. Outlook were eye-opening. For example, “Drought-motivated increases in cow slaughter and feeder cattle movements have adversely affected all cattle and beef prices and plans to increase the national cow herd.” The U.S.D.A. also noted, “High feed costs ... are expected to reduce U.S. pork production in 2013.” Poultry processors will not remain unscathed with sharply higher prices expected for corn and soybeans. The news meant poultry meat and egg production
40 \ October 2012
Milling & Baking News • Food Business News • Baking & Snack • Meat & Poultry
Corporate Profiles
Table of Contents for the Digital Edition of Milling & Baking News Corporate Profiles - October 2012
MBN Corporate Profiles - October 2012
Table of Contents
Editorial - Contrasting stories in key figures
Grain-based Foods - Grain-based foods - Soft category sales span the breadth of grain-based foods segment
Prepared Foods - Frozen meals - Innovation may boost a stagnant category
Soup - Category only lukewarm and looking for innovation
Beverages - Beverages - Categories increasingly blur into one another
Meat and Poultry - Meat and Poultry - Meat and poultry prices will rise in 2013 as the full effects of the drought take hold
Dairy - Ice cream sales rebound, Greek yogurt surges U.S. dairy farmers struggle with high feed prices
Confectionary - Confectionary - Cocoa, sugar prices level off
Food Service - Food service - Fast-casual chains lead the way in slow recovery
Nutrition standards change school meal programs
Company Overview - Aryzta AG - North American baking accounts for nearly half of company’s sales
Company Overview - Grupo Bimbo S.A.B. de C.V. - Sharp focus on successful Sara Lee integration
Company Overview - Campbell Soup Co. - Bolthouse acquisition and focus on growth areas provide direction
Company Overview - The Coca-Cola Co. - New operating structure to involve three businesses
Company Overview - ConAgra Foods, Inc. - Frozen food adjacencies, international development and private label will drive growth
Company Overview - Groupe Danone S.A. - European economy drags, but Greek yogurt surges in United States
Company Overview - Dean Foods Co. - Partial i.p.o. of WhiteWave-Alpro under way
Company Overview - Dunkin’ Brands Group, Inc. - Newly public company makes earnings gains
Company Overview - Flowers Foods, Inc. - Seeking growth, management keeps foot to the pedal
Company Overview - General Mills, Inc. - Restructuring program initiated to focus resources
Company Overview - The Hain Celestial Group - Acquisitions drive growth in international ambient grocery
Company Overview - The H.J. Heinz Co. - Company continues to focus on core brands and global growth
Company Overview - The Hershey Co. - Five-year plan targets on five brands
Company Overview - Hillshire Brands Co. - Growth opportunities for ‘new’ meat business
Company Overview - The Kellogg Co. - Pringles acquisition sets company up to expand globally in snacks
Company Overview - Kraft Foods Inc. - Company looks forward to future post spin-off
Company Overview - Nestle S.A. - Keys remain on emerging markets, nutrition
Company Overview - Panera Bread Co. - Chain puts faith in menu innovation, shared leadership
Company Overview - PepsiCo, Inc. - Advertising investments build up brand names
Company Overview - Ralcorp Holdings, Inc. - Creation of center store private brand business initiated
Company Overview - Smithfield Foods, Inc. - Strategic shift is putting more resources into packaged meats business
Company Overview - J.M. Smucker Co. - New product surge coming in current fiscal year
Company Overview - Snyder’s-Lance, Inc. - Announces plans to bring Snack Factory into the fold
Company Overview - Starbucks Corp. - Coffee chain expands in baked foods, juices
TreeHouse Foods, Inc. - Steadfast in its commitment to private label
Company Overview - Tyson Foods, Inc. - Focusing on accelerating, innovating and cultivating its business
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