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Futures
Did you know that animal feed costs account around 60–70% of total production cost?
Top 10 Listed Meat Companies
Meat Company News
Astral Foods
South Africa's ongoing energy crisis is causing increasingly severe problems for the country's citizens, with the food supply being one of the sectors most affected. The country's poultry producers are particularly hard hit, with scheduled power cuts leading to longer and longer power outages, sometimes lasting up to 10 hours. This has led to adverse effects on the operation of farms, slaughterhouses, and processing facilities, resulting in chicken shortages and higher prices for consumers. The root cause of these issues is a program of essential maintenance by state electricity utility, Eskom. With the problems expected to continue for at least another year, the situation is threatening the country's food security and economy.
Cargill
Cargill has finalized the purchase of Owensboro Grain Company, a soybean processing and refining facility that has been owned by the same family for five generations. The facility is located in Owensboro, Kentucky. The acquisition will be a significant addition to Cargill's North American agricultural supply chain and will help to increase capacity in the oilseed market to meet the growing demands for food, feed and renewable fuel markets.
Global grain traders, Cargill and Viterra, have been identified as the charterers of two vessels that will be loaded with Brazilian soybeans for delivery in Argentina in the coming weeks, according to shipping data. Cargill's vessel, Interlink Fortuity, is expected to arrive on January 25th at the port of Santarem in Northern Brazil and set sail on February 5th, loaded with a 27,000-tonne cargo for Argentina. Viterra's vessel, Indigo Garland, is scheduled to arrive in three days at the same port and will set sail on February 8th, carrying a 44,000-tonne soy cargo that will also be delivered to Argentina.
Guanghong Holdings
Guanghong Holdings, a Chinese meat supplier, anticipates reporting a net profit for 2022 that ranges from 817 million to 997 million yuan, an increase of up to 201.1% from the 331.1 million yuan reported in the previous year. The company expects to report earnings per share between 1.40 yuan and 1.71 yuan, an increase from the 0.57 yuan reported the previous year. This increase is attributed to non-recurring gains and losses of about 654 million to 798 million yuan, income generated by solving horizontal competition issues, and the acquisition of Guangdong Education Bookstore. Despite this forecast, shares of the company dropped by more than 4% in recent trading.
Hunan Zhenghong Science & Technology
Hunan Zhenghong Science & Technology posted a 38.5% year-over-year slump in its revenue from the sale of live pigs in 2022 to 317.2 million yuan. The Chinese meat processor sold a total of 166,200 live pigs last year, down 31.9% from a year ago. In December alone, Zhenghong’s live pig sales revenue fell 41.8% year over year to 254.7 million yuan, with pig sales totaling 12,400 heads, down 46.5% from a year earlier.
JBS
Gilberto Tomazoni, Global CEO of JBS, the world's largest food company, participated in a panel discussion at the World Economic Forum in Davos, Switzerland titled "Why Lands Matter." Alongside representatives from the government, nonprofit sector, and financial institutions, Tomazoni argued that the way to reduce greenhouse gas emissions is to offer technical and financial support to rural producers, particularly to smaller producers. He emphasized the need to focus on supporting farmers with knowledge sharing and access to credit to make the transition to more sustainable production. Tomazoni highlighted that in Brazil, there are existing solutions to promote more efficient and sustainable agriculture and livestock production, such as the recovery of degraded pastures. He also mentioned the importance of offering financial credit so that farmers can put these solutions into practice and highlighted that less than 2% of funds dedicated to tackling climate change go to this sector of the population.
Brazilian meat company JBS is currently under investigation by a watchdog group for its disclosure of greenhouse gas (GHG) emissions and the integrity of its "green bonds". In 2021, the company has sold approximately $3 billion worth of green bonds that are linked to its sustainability goals. JBS has stated that if it fails to achieve its GHG emissions targets, it will pay bondholders a "premium or step up amount". However, according to the activist group Mighty Earth, JBS is already failing to meet its climate goals.
Federal investigators are looking into whether 50 children, some as young as 13, who were allegedly illegally employed cleaning Midwestern slaughterhouses were victims of labor trafficking, three officials from the Department of Homeland Security (DHS) told NBC News. The DHS is investigating to rule out the possibility that outside traffickers may have forced children to work for Packers Sanitation Services Inc. (PSSI), a company that hires cleaning crews for slaughterhouses, and profited off their labor. In December, as a result of an investigation by the Labor Department and a civil suit filed against the company by the government, PSSI agreed to a consent order with the department and agreed to abide by child labor laws. The Labor Department’s Child Labor Regulations designate many roles in slaughterhouse and meatpacking facilities as hazardous for minors.
Kerry Group
Kerry has appointed Bruce Brown as the Vice President of Supplements in North America. Brown will be in charge of leading Kerry's supplement business for the region, which includes bringing together the company's portfolio of scientifically-backed wellness ingredients, proteins, enzymes, and taste technologies for customers in the United States and Canada. Brown joined Kerry following the acquisition of Natreon in March 2022 and brings over 20 years of experience in the supplements industry, as well as a background in public health in Africa and the US.
Muyuan Foods
China's Muyuan Foods Co. has chosen China International Capital Corp. and JPMorgan Chase & Co. to organize its upcoming global depository receipts (GDR) sale in Switzerland, according to sources familiar with the matter. The Shenzhen-listed hog breeding company is looking to raise approximately $1.5 billion through the GDR sale in Zurich, the sources said, requesting anonymity as the information is private. The offering is expected to take place as early as March, one of the sources added.
Tyson Foods
According to a recent filing with the SEC, Landscape Capital Management LLC has acquired a new position in Tyson Foods Inc. during the third quarter. The filing states that the company purchased 15,889 shares in the company at a total cost of approximately $1,048,000. Other institutional investors have also made changes to their holdings of Tyson Foods in recent months.
- Cantor Fitzgerald Investment Advisor LP increased their ownership by 94.9% by purchasing 154,507 shares during Q1 of the current year, bringing their total to 317,286 shares.
- Markel Corporation also increased their holdings by 2.1% during Q1 by purchasing an additional 8,000 shares, now holding 384,500 shares.
- Aviva PLC's ownership in Tyson Foods also increased by 25.5% during Q1 by purchasing 24,669 shares, now holding 121,466 shares.
- Prudential PLC also purchased more shares of Tyson Foods at an approximate cost of $747,000 during Q1.
- Lastly, Vanguard Group Inc. increased their ownership by 6.4% during Q1 by purchasing 2,239,235 shares, bringing their total to 37,179,555 shares. Institutional investors and hedge funds collectively own 66.64% of the outstanding shares of stock of Tyson Foods.
Tyson Foods, the world's leading poultry producer, is among a group of nearly a dozen poultry companies that have been given less than two months by the state of Oklahoma to reach an agreement on how to clean a watershed that has been polluted by chicken litter. U.S. District Judge Gregory Frizzell in Tulsa ruled on Wednesday that Tyson Foods, Cargill Inc, and other companies have polluted the Illinois River, caused a public nuisance and trespassed by spreading the litter or manure on land in eastern Oklahoma, and that it then leached into the river's watershed.
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United Natural Foods
United Natural Foods, Inc. announced that it plans to host a Spring and Summer Show on February 7th and 8th in Orlando, Florida. The show is expected to attract around 4,000 customers, suppliers, vendors, and emerging brands. It will be the first of four major selling shows for the company in 2023. Attendees will have the opportunity to meet with experts across different departments such as natural, GM/HBC, meat, seafood, produce, and bakery and deli. They will also be able to take advantage of special deals, view new products in the New Product Showcase, and network with industry experts.
Shangdong Yisheng
Shandong Yisheng Livestock & Poultry Breeding (SHE:002458) announced its plan to raise 1.16 billion yuan through a private placement of shares. The funds will be used to finance the company's expansion projects, including a pig-breeding farm in Heilongjiang province, a 3,600-head breeding sow farm and a 100-breed boar station project in Shanxi province, and new pig farm and hatchery projects. The company plans to sell shares to up to 35 investors.
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Top 10 Listed Seafood Companies
Seafood Companies News
Mowi, Grieg, Salmar & Le Roy
The Norwegian salmon farmers, Mowi, Grieg Seafood, SalMar, and Leroy, announced on Wednesday that the Department of Justice's (DOJ) Antitrust Division in the United States has closed its investigation into the companies over allegations of price collusion. The investigation had been initiated in November 2019. Mowi stated that it has always believed that the allegations of price collusion lacked merit and were unsubstantiated. The DOJ has also informed Grieg Seafood, SalMar, and Leroy that the investigation is closed.
Norway Royal Salmon
In an interview with IntraFish, Gustav Witzoe, the chairman of SalMar, has stated that his son, who holds a significant portion of the family's wealth, will not likely be taking over the salmon farming and seafood empire that he has built over his lifetime. Witzoe revealed that unlike him, his son has made it clear that he does not plan on assuming an active, day-to-day operational role in the company. SalMar, which recently acquired rival Norway Royal Salmon, is now the second-largest salmon farming company in the world.
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Top 10 Listed Logistics Companies
Logistics Company News
CMA CGM
CMA CGM, a global provider of sea, land, air and logistics solutions, has received Model Level recognition in the Elizabeth River Project's River Star Businesses program for its commitment to sustainability and local environmental efforts in Norfolk, Virginia. The recognition was given at the 2023 River Star Business Recognition Event on January 19, 2023. Model Level recognition is awarded to businesses that demonstrate exceptional achievements in pollution prevention and wildlife habitat enhancement and are considered community leaders in overall environmental stewardship.
Hapag Lloyd
Hapag-Lloyd recently floated the first of its new ultra-large container ships, which is the first of a new class of vessels for the carrier and will be the largest ships in the Hapag fleet, operating on both LNG and dual-fuel. The ship is one of 12 containerships ordered from South Korea's Daewoo Shipbuilding and Marine Engineering. The new vessel is part of the emerging class of ULCVs that will become the leaders on the Asia to Europe routes, it has a capacity of 23,500 TEU, larger than the line's A 18 Class which has a capacity of just under 20,000 TEU.
J.B. Hunt Transport
J.B. Hunt Transport Services, a trucking and logistics company, reported fourth-quarter earnings per share of $1.92 from sales of $3.65 billion, which fell short of Wall Street's expectations of $2.44 a share from $3.8 billion in sales. Excluding fuel surcharges, freight-related revenues decreased by 3% year-over-year. The company's operating income in its intermodal shipping business decreased due to lower volumes, while profits in its truckload operations declined due to rising prices for purchased transportation services. The stock initially fell but quickly recovered as investors considered the impact of a slowing economy on the flow of goods to customers. The company had a $64 million increase in insurance claims and awarded almost $9 million in appreciation bonuses to employees.
Knight-Swift Transportation
Raymond James analysts raised the price target for Knight-Swift Transportation, a transportation company, from $53.00 to $63.00, and maintained an "outperform" rating on the stock. This suggests a potential upside of 13.25% from the stock's previous close. The company has received a number of other reports from other analysts, with an average rating of "Moderate Buy" and an average price target of $61.65. KNX stock opened at $55.63 on Friday, and has a market cap of $8.94 billion, with a PE ratio of 10.44 and a beta of 1.17. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.22.
Schneider National
Schneider National, Inc. a transportation and logistics company, disclosed in a recent SEC filing that during Q3 2014, Raymond James & Associates decreased its stake in the company by 8.9%. Following the sale of 21,775 shares in the previous quarter, the institutional investor now holds 223,761 shares, representing 0.13% of Schneider National and a total value of $4,542,000. Other institutional investors such as Natixis Advisors L.P., MetLife Investment Management LLC, BlackRock Inc., Great West Life Assurance Company of Canada, and LSV Asset Management have also increased or decreased their holdings in Schneider National over the past few months. Hedge funds and other institutional investors currently hold 27.20% of the company's shares. Several analysts have recently published reports on the company with mixed recommendations to buy, hold, or sell the stock. The consensus rating for Schneider National is "Moderate Buy" with a current target price of $26.00.
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Forex & Rates
At 0947 GMT, the MSCI World Equity index was up 0.3% on the day, holding just below last week's highs.
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In association with?The Marketing Advocate
Powerful portions of actionable digital marketing wisdom.
"Your emails are on my short list, up there with the Harvard Business Review." - Ron Person, Entrepreneurial Coach.