LIVESTOCK HIGHLIGHTS: Top Stories of the Day
08 Março 2021 - 7:31PM
Dow Jones News
TOP STORIES
Tyson Foods to Offer Covid-19 Vaccines for Plant Workers
Tyson Foods Inc. said Monday it will offer free, onsite Covid-19
vaccinations this week to thousands of plant workers in Arkansas,
where 20% of the company's U.S. workforce is based, as well as
Kansas and North Carolina.
The food company said the vaccines are being provided in
conjunction with Matrix Medical and local health departments in
each of the three states, where food processing workers are among
the priority group now eligible for vaccination.
Trading Chicken Feet Is Going Digital
Ashley Honey spent his career surrounded by glowing computer
screens, swinging hundreds of millions of euros or yen around the
globe at a keystroke.
Now he's looking to deploy those cutting-edge tools on another
asset class: chicken feet.
If Mr. Honey has his way, the multibillion-dollar market for
poultry and meat will soon join the electronic revolution that
shifted financial markets from crowded pits of traders onto stacks
of humming servers. In charge of strategy and partnerships across
the Americas at New Zealand-based Nui, which builds electronic
trading platforms for trading dairy and meat, he aims to take
market share from food-product giants such as Interra by automating
the trading of everything from prime rib to pigs ears.
STORIES OF INTEREST
Covid-19-Closed Restaurants Are Reopening. Running Them Is Still
a Battle.
A year into the pandemic, restaurants' wish is coming true:
State and local governments are allowing them to seat and serve
customers indoors again. But that comes with its own
challenges.
Every state in the country now permits some level of indoor
dining. Even heavily restrictive states including Michigan,
Illinois and California are reversing dine-in bans that were
imposed late last year to try to curb a surge in coronavirus
cases.
Deliveroo's 2020 Loss Shows Food Delivery Isn't a Quick Win --
Market Talk
1347 GMT - Deliveroo remained lossmaking last year despite
experiencing a surge in business during the pandemic, which shows
that the food-delivery business isn't a quick win and that the
industry is about building scale, AJ Bell Investment Director Russ
Mould says. The London-based food-delivery group, backed by Amazon,
narrowed its underlying loss for 2020 to GBP223.7 million from
GBP317.3 million in 2019, as gross transaction value--the total
amount of transactions processed on its platform--jumped 64% to
GBP4.1 billion. "Deliveroo says it will continue to invest in its
business which could impact profitability. It has no choice as
rivals are doing the same. At some point down the line, it will
have to start delivering that magic profit or investors will lose
interest," Mould says. (adria.calatayud@dowjones.com)
FUTURES MARKETS
Livestock Prices Edge Higher -- Market Talk
1527 ET - Hog prices tick up as traders expect China to increase
imports to refill reserves depleted by swine flu, after the Chinese
government said last week it would work to stabilize production.
Meanwhile, cattle slaughter in the US is seen as slowing, following
an uptick earlier this year as domestic demand got a boost from the
Covid-10 vaccine rollout and fiscal relief. Hog futures for April
delivery gain 0.1% with live cattle closing up 0.3%.
(paulo.trevisani@wsj.com; @ptrevisani)
CASH MARKETS
Estimated U.S. Pork Packer Margin Index - Mar 8
Source: USDA, based on Wall Street Journal calculations.
All figures are on a per-head basis.
Date Standard Margin Estimated margin
Operating Index at vertically -
integrated operations
Mar 8 +$ 7.22 +$ 67.74
Mar 5 +$ 16.15 +$ 67.50
Mar 4 +$ 7.37 +$ 65.27
* Based on Iowa State University's latest estimated cost of production.
A positive number indicates a processing margin above the cost of
production of the animals.
Beef-O-Meter
This report compares the USDA's latest beef carcass composite
values as a percentage of their respective year-ago prices.
Beef
For Today Choice 111.5
(Percent of Year-Ago) Select 111.0
USDA Boxed Beef, Pork Reports
Wholesale choice-grade beef prices Monday fell 25 cents per
hundred pounds, to $231.08, according to the USDA. Select-grade
prices rose $2.28 per hundred pounds, to $223.13. The total load
count was 70. Wholesale pork prices rose 11 cents, to $93.91 a
hundred pounds, based on Omaha, Neb., price quotes.
(END) Dow Jones Newswires
March 08, 2021 17:16 ET (22:16 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.