Editorial

Blockchain Makes Inroads into Commerce

08/09/2018

The advantages of blockchain technology are becoming apparent in various sectors of the economy. A Food Trust comprising Nestle, Dole Food Company, Driscoll’s, The Kroger Company, McCormick, Tyson Foods, Unilever under the leadership of Walmart is progressing to achieve real-time electronic verification within the food chain.

 

Paralleling developments in food the Utilities Settlement Coin has been created by UBS of Switzerland and now incorporates Barclays, Credit Suisse, HSBC, State Street and MUFG.  The USC system will allow banks to conduct transactions independent of traditional financial transfers. Maersk the largest container shipping company is also developing a digital platform to trace consignments worldwide.

 

Although IBM appears to be the most prominent promoter of blockchain technology in reality, Microsoft will probably achieve dominance. When the company moved from selling software licenses to digital subscriptions, it developed Azure for its cloud network in 2015.

 

In partnership with ConsenSys a blockchain company, Ethereum was introduced to provide blockchain capability to Azure.  Currently 200 financial institutions function within the system to assure credit worthiness of Microsoft subscribers. The success of Azure is confirmed by an almost 60 percent jump in revenue to $6 billion during the first quarter of 2018.

 

Within a few years, blockchain technology will be an integral part of all components of the food chain. Companies that do not adopt the technology will find themselves excluded from the major supermarket chains and QSRs. The train is leaving the station—are you on board?

 

Poultry Industry News

WEEKLY COMMODITY REPORT

08/10/2018

According to the August 10th 2018 WASDE Report #580, 81.8 million acres of corn will be harvested in 2018 to yield 14.23 Billion bushels. The soybean crop is projected to attain 4.31 Billion bushels from 88.9 million acres harvested.

Quarterly corn and soybean stocks were estimated by USDA in a release on June 29th to total 5.3 Billion bushels (36.2 percent of 2017 harvest) and 1.2 Billion bushels (27.3 percent of 2017 harvest) respectively.

The following quotations for the months as indicated were posted by the CME at 14H00 on August 10th together with values for the corresponding week in parentheses.

COMMODITY

 

Corn (cents per bushel)

Sept.'18 359 (369)*

Dec. '18 373 (384)

Soybeans (cents per bushel)

Aug. '18 849 (882)*

Nov. '18 863 (897)

Soybean meal ($ per ton)

Sept. '18 322 (333)*

Dec. '18 323 (331)

*2018 crop

Changes in the price of corn, soybeans and soybean meal were:-

COMMODITY CHANGE FROM PAST WEEK

Corn: Sept. quotation down 10 cents per Bu. (-2.7 percent)

Soybeans: Aug. quotation down 33 cents per Bu. (-3.7 percent)

Soybean Meal: Sept. quotation down $11/ton (-3.3 percent)

  • For each 10 cent per bushel change in corn:-

The cost of egg production would change by 0.45 cent per dozen

The cost of broiler production would change by 0.25 cent per pound live weight

  • For each $10 per ton change in the price of soybean meal:-

The cost of egg production would change by 0.40 cent per dozen

The cost of broiler production would change by 0.25 cent per pound live weight

Decreases in the prices of soybeans and hence soybean meal this week are attributed to the realization that exports to the E.U. will be limited by the inherent reluctance of the trading block to import GM product. Five nations in the E.U. have an outright ban on introduction of GM ingredients and any food product marketed in the E.U. would have to be labeled declaring GM content.

There has been no movement on agreement between the U.S. and China over tariffs and as of Friday 10th August it appears that the Administration is prepared to escalate rates and extend the range of imported items eligible for tariffs as an exercise in brinkmanship without any indication of a concession from China.

Temporary optimism during the past two weeks should be viewed against the reality of Southern-hemisphere soybean exports from Brazil, Argentina and their neighbors coupled with a cessation of exports from the U.S. to China weeks ago.

Prospects for row-crop farmers appear bleak despite the promise of $12 billion as "short-term" compensation. Their loss will be a gain for livestock producers who will benefit from lower feed costs. Of course the hog and poultry industries have experienced higher costs for a decade as a result of the RFS, a gift which keeps on giving. The RFS is a boon to Midwest politicians, corn growers and ethanol refiners at the expense of anyone in the U.S. who eats or uses any form of transport.

See WASDE posting summarizing the August 10th USDA-WASDE Report #580 in this edition, documenting price projections and quantities of commodities to be produced, used and exported from the 2018 harvest.


 

USDA-WASDE FORECAST #580 August 10th 2018

08/10/2018

OVERVIEW

The August 10th 2018 USDA WASDE projections for the 2018 corn and soybean harvests are based on actual planting data, crop progress, long-range weather forecasts and historical records. Harvest areas for corn and soybeans were retained from the July projection at 81.8 million acres (83.1 million in 2017) and 88.9 million acres, (89.5 million acres in 2017) respectively. The USDA raised corn yield to 178.4 bushels per acre (175.4 bushels in 2017). Soybean yield was raised to 51.6 bushels per acre (49.5 bushels in 2017). The USDA August projection of ending stock for corn was raised 8.5 percent to 1,684 million bushels and ending stock for soybeans was raised 35.3 percent to 785 million bushels compared to the July 2018 WASDE Report.

The USDA projections of ending stocks and prices takes into account current uncertainties including announced tariffs on U.S. products but does not reflect predicted or threatened tariffs.


 

Weekly Broiler Production and Prices

08/10/2018

Chick Placements

The August 8th 2018 edition of the USDA Broiler Hatchery Report confirmed that a total of 229.4 million eggs were set during the week ending August 4th approximately one percent above the corresponding week in 2017. A total of 176.9 million day-old chicks were placed among the 19 major broiler-producing states during the week ending August 4th. This was virtually unchanged from the corresponding week in 2017. Total chick placements for the U.S. amounted to 184.3 million, one percent above the corresponding week in 2017. Average hatchability was 80.4 percent for eggs set three weeks earlier. Broiler chick placements for 2018 through August 4th amounted to 5.71 billion, approximately one percent more than YTD 2017.

Broiler Production

For the processing week ending August 4th 168.8 million broilers were processed at an average live weight of 6.15 lbs. (6.17 lbs. last week) and a nominal yield of 76.0 percent. The number of broilers processed was 3.1 percent more than the corresponding processing week in 2017. Processed (RTC) broiler production for the week attained 795.5 million lbs. (361,584 metric tons), 4.0 percent more than in the corresponding week in 2017. Production of RTC for 2018 to date attained 23.29 million lbs. (10.58 million metric tons), 0.3 more than the corresponding period in 2017.

 

 


 

Weekly Turkey Production and Prices

08/10/2018

Poult Production and Placement:

The July 16th edition of the USDA Turkey Hatchery Report, issued monthly, documented 28.5 million eggs in incubators on July 1st 2018 (28.1 million eggs on June 1st 2018) down 3.0 percent (0.4 million eggs) from June 1 st 2017. A total of 23.5 million poults were hatched during June 2018 (23.5 million in May 2018) and down 6.7 percent from June 2017.

A total of 22.6 million poults were placed on farms in the U.S. in June 2018, (22.5 million in May 2018) and down 5.8 percent (139,400 poults) from June 2017. This suggests disposal of 0.84 million hen poults or 7.2 percent of hen poults hatched during June 2018 or 3.5 percent of the total hatch.

For the twelve-month period July 2017 through June 2018, 284.6 million poults were hatched and 266.8 million were placed. This suggests disposal of 17.8 million hen poults over the period representing 12.5 percent of hen poults hatched or 6.3 percent of all poults hatched.

USDA will release the next monthly report on August 15th.

Turkey Production:

The August 10th edition of the USDA Turkey Market News Report (Vol. 65: No. 32) confirmed the following provisional data for turkeys slaughtered under Federal inspection:-

  • For the processing week ending August 4th 2018, 1.716 million young hens were slaughtered at a live weight of 17.1 lbs. (16.1 lbs. last week). During the corresponding processing week in 2017, 1.859 million hens were processed. Ready-to-cook (RTC) hen weight for the week attained 22,351 million lbs. (10,161 m. tons), 12.4 percent less than the corresponding processing week of 2017. Dressing percentage was a nominal 80.5. For YTD 2018, RTC hen production attained 690.8 million lbs., (314,037 metric tons), 2.4 percent less than during the corresponding period in 2017.

  • For the processing week ending August 4th 2018, 2.522 million toms were slaughtered at 40.9 lbs. (40.4 lbs. last week) compared to 2.430 million toms processed during the previous week. For the corresponding week in 2017, 2.595 million toms were processed. Ready-to-cook tom weight for the week attained 84.3 million lbs. (38,235 m. tons), 1.2 percent less than in the corresponding processing week in 2017. Dressing percentage was a nominal 80.5. For YTD 2018 RTC tom product has attained 2.52 million lbs. (1,145,170 metric tons), <0.1 percent less than during the corresponding period in 2017

  • The National average frozen hen price during the past week was 81 cents per lb., 1 cent less than the previous week and 31 cents per lb. below the three-year average. The following prices rounded to nearest cent were documented for domestic and export trading on August 10th 2018 :-


 

U.S. Broiler and Turkey Exports for January-June 2018.

08/11/2018

Data for January-June 2018 indicate a moderate increase in export of broiler parts in comparison to the corresponding six months of 2017. Total broiler exports for January-June 2018 attained 1,546,501 metric tons, 2.0 percent more than the corresponding period in 2017 (1,516,322 metric tons) but total value improved by 7.8 percent to $1,602 million ($1,486 million).

During January-June 2018 the National Chicken Council (NCC), citing USDA-FAS data, documented exports of 1,660,735 metric tons of chicken parts and other forms (whole and prepared) valued at $1,803 million with a weighted average unit value of $1,086 per metric ton, 5.9 percent higher in value compared to the first half of 2017 ($1,025 per m. ton).

The NCC breakdown of chicken exports by proportion and unit price for each broiler category for January-June 2018 compared with the equivalent months in 2017 (with the unit price in parentheses) comprised:-

  • Chicken parts 95.8%; Unit value $1,014 per metric ton ($949)

  • Prepared chicken 2.8%; Unit value $3,539 per metric ton ($3,535)

  • Whole chicken 1.4%; Unit value $1,065 per metric ton ($999)

The following table prepared from USDA data circulated by the USAPEEC, compares values for poultry meat exports in January-June 2018 with corresponding figures for 2017:-


 

Status of 2018 Corn and Soybean Crops

08/13/2018

The USDA Crop Progress Report released on August 13th updated the status and condition of the 2018 corn and soybean crops. Corn is denting at 26 percent of the planting, double the 5-year average. Soybeans planted early are blooming consistent with good soil moisture and climate conditions, leading the 5-year average by four percent. Approximately 85 percent of the soy crop is setting pods, 12 percent ahead of the 5-year average. EGG-NEWS and CHICK-NEWS will report on the progress of the two major crops as monitored by the USDA through the end of harvest in October.

 

WEEK ENDING

Crop

August 5th

August 12th

5-Year Average

Corn Emerged %

Corn Silking %

Corn Dough %

Corn Dent %

100

100

57

12

100

100

73

26

100

100

56

13

Soybeans Emerged %

Soybeans Blooming %

Soybeans Setting Pods

100

92

75

100

96

84

100

92

72

 

Crop Condition

V. Poor

Poor

Fair

Good

Excellent

Corn 2018

Corn 2017

3

3

7

9

20

26

50

49

20

13

Soybeans 2018

Soybeans 2017

3

3

7

9

24

29

50

49

16

10

 

Soil Parameter

V. Short

Short

Adequate

Surplus

Topsoil moisture: Past Week

15

28

53

4

Past Year

15

25

53

7

Subsoil moisture: Past Week

14

29

53

4

Past Year

14

26

55

5


 

Wing Stop Posts Q2 Results

08/09/2018

On August 2nd Wingstop Inc. (WING) released results for Q2 of Fiscal 2018 ending June 30th

The company now operates 1,188 stores of which 1,066 are in the U.S. and 1,040 are franchised. During Q2 122 new stores were opened compared to 89 for the corresponding quarter in 2017.

 

The company generated a net income of $6.8 million on $37.0 million sales. One-third of revenue amounting to $11.5 million was derived from company-owned restaurants Net income represented 18.4 percent of total revenue compared to 15.5 percent in Q2 of 2017 which posted net income of $4.9 million on revenue of $31.6 million.  Diluted earnings per share increased from $0.17 in Q2 of FY 2017 to $0.23 for the most recent quarter. 

 

Wing Stop posted $124.1 million in total assets but carries a heavy long-term debt burden of $214.6 million, a 65 percent increase from Q2 of 2017.  Accordingly, there is an accumulated stockholders deficit of $140.7 million compared to $58.4 million for the corresponding quarter in 2017.

 

WING has a market capitalization of $1.7 billion and has posted a 52-week range in share price of $30.8 to $62.19. The Company has an eye-watering forward PE of 61.3 compared with McDonald’s Corp. at 19.3. Following release of Q2 results on August 2, WING closed at $58.97 up 17.2 percent from the morning open.

 


 

Dr. Eric Jensen Elected AAAP President-elect

08/09/2018

Dr. Eric Jensen will serve as the AAAP president-elect for 2019-2020.

Dr. Jensen serves as the Vice President of Veterinary Services for Aviagen North America. In commenting on the election, Dr. Jensen stated that “AAAP and Aviagen share a common commitment to the future of the poultry industry.”  He added “The goals of the AAAP is to enhance the health, wellbeing and productivity of poultry today and in the future.”


 

Livestock Organizations Petition President to Designate Regulatory Authority Over Cell-Cultured Meat to USDA

08/01/2018

CHICK-NEWS recently reported that FDA Commissioner Scott Gottlieb announced that his Agency will assume responsibility for regulating cell-cultured meats.

As a result, a number of associations representing livestock producers have addressed a letter to the President urging that authority be vested in the USDA which it claims is “uniquely equipped to ensure both inspection and product labels.”

If the USDA were to assume responsibility either through the FSIS as an existing agency or in the context of a new food safety agency, approval may be expedited compared to an anticipated lengthy review traditionally carried out by the FDA.

Either way, the livestock producers should not be too concerned over major market inroads being made by lab-cultured meat. The technical problems associated with scaling up from small laboratory propagation of cells to large-scale commercial bio-reactors will require both time and capital.

If the intent of livestock producers is to delay the commercialization of cell-cultured meat, then the approach to the President to deny FDA jurisdiction would not be a prudent strategy.


 

Cobb Introduces MV Broiler Male to Harim Group of South Korea

08/02/2018

Harim Group has incorporated the MV Male in their reproduction program. Dr. Orlando Fernandez, Director of Asia Technical Services for Cobb stated “MV Males are well known for being efficient feed converters and having fantastic growth rates.” He added “This product requires slightly different management approaches to perform at the top of its genetic potential.”

Harim Group is one of the biggest agri-food companies in Korea with a number of affiliates including broiler production facilities in the U.S. (Allen-Harim), China, Vietnam, Indonesia and the Philippines.


 

2018 National Safety Conference for the Poultry Industry

08/05/2018

USPOULTRY has released the agenda for the 2018 National Safety Conference to take place at the Hilton Sandestin Beach Golf Resort August 13th to 15th.

The conference is co-sponsored by Georgia Tech Research Institute, the Georgia Poultry Federation, the National Chicken Council and the National Turkey Federation together with USPOULTRY.

The keynote speaker will be Acting Head of OSHA, Lauren Sweatt who will address OSHA initiatives for 2018 and 2019 with a focus on the poultry-processing industry.

Best practices for safety, workplace violence and roundtable discussions will be included in the program with participation from the major integrators.

Legal aspects and a Washington update will be included in the program.

For further information, contact USPOULTRY www.USPOULTRY.org.


 

Undercooked Beef Responsible for E.coli O157:H7 Outbreak at USMC Facility

08/07/2018

The Centers for Disease Control and Prevention is investigating an outbreak of an STEC infection among Marine recruits at Camp Pendleton, CA during the period October and November 2017.

Case control analysis and environmental investigations confirmed that undercooked beef supplied by Sodexo was responsible for the outbreak. Evaluation of records showed 62 confirmed, 62 probable and 120 suspect cases. Of these, 30 required hospitalization and 15 were affected with hemolytic uremic syndrome, many with severe complications.

Consumption of undercooked beef was demonstrated to be significantly associated with E.coli infection with an odds ratio of 2.4 and a p value of 0.04.

Recommendations made by the CDC to the military are consistent with good practices in the institutional and restaurant industries. These include high levels of personal hygiene, surveillance for E.coli in ground beef purchased for meals and through cooking to destroy STEC.

It is noted that the report indicated that pulsed field gel electrophoresis was applied to identify isolates despite the outbreak occurring at the end of 2017. It is presumed that in any future outbreak investigations, whole genome sequencing will be applied to differentiate among E.coli isolates and to attempt to identify the source.

*Keaton, A. et. al., Outbreak of E.coli O157:H7 and E.coli O26 infections at a Marine Corps Recruit Depot (MCRD) – San Diego and Camp Pendleton, California, October-November 2017

 


 

Koch Foods Settles Employee Lawsuit

08/07/2018

Koch Foods of Mississippi LLC has agreed to settle a lawsuit filed by eleven workers at the Morton plant. The suit was supported by the U.S. Equal Employment Opportunity Commission. Legal documents allege that Koch Foods subjected Hispanic and female employees to a hostile work environment and retaliated against employees who complained of discriminatory treatment. Koch Foods has accepted a 3-year consent agreement to prevent discrimination, enhance training of supervisors and establish a hotline for complaints.


 

Henning Companies Establishes New Web-Site

08/08/2018

Henning Companies a Sponsor of EGG-NEWS and CHICK-NEWS has release a new version of their corporate web-site. The scope and achievements of the company founded in 1924 are documented. Recent projects of interest to the U.S. and international poultry industries include:

  • An in-line cage-free egg production complex including packing plant in the Midwest
  • A turkey hatchery with an area of 86,000 square feet
  • A protein recycling plant applying an enzymatic digestion process to convert hens to a pet-food ingredient

 

The Henning Companies new web-site www.henningcompanies.com can be accessed by clicking on to the logo on the right side of the WELCOME page.


 

Aviagen Supports AAAP

08/09/2018

In an August 6th press release, Aviagen announced a contribution to the American Association of Avian Pathologists Foundation scholarship program and has donated $5,000 to four 2018 preceptor scholarship awards.

These awards sponsored by Aviagen allow veterinary students from various accredited colleges to evaluate poultry medicine as a career. Scholarship funds help students with living and travel expenses while participating in on-the-job experiences.147


 

Cobb Appoints Al-Watania Company as Gulf Distributor

08/09/2018

Cobb Vantress has announced that Al-Watania Poultry Company will serve as the distributor for Cobb products in Saudi Arabia and surrounding Gulf Cooperation Council nations. Al-Watania will promote the Cobb 500 strain in their expansion and distribution over the next three years. Al-Watania Poultry has worked closely with Cobb Europe for over two decades in Saudi Arabia and the company has a subsidiary in Egypt which distributes Cobb stock.

Al-Watania processes more than 860,000 broilers each day and will expand to one million broilers by 2020. The company will double output of parent-stock chicks to four million per year by 2020. This will require expansion of the Al Jouf Hatchery and the purchase of specialized chick transport vehicles.

Al-Watania Poultry was established in 1977 by Shaikh Sulaiman Al-Raghi and the company is now under the leadership of his son, Dr. Muhammed Al-Raghi as CEO.

Mark Sands, General Manager Cobb Europe noted “The Middle East is a crucial region for Cobb with enormous potential for growth as a key emerging market.” He added “We are very pleased to further enhance our relationship with Al-Watania which stretches back over many years.”

Al-Watania and Cobb-Vantress leaders commemorate the signing of a distributor agreement within the territories of Saudi Arabia and a number of surrounding GCC member countries.

 

From left to right:

1.    Engr. Ahmad Ali Al-Qarawi, manufacturing vice president, Al-Watania Poultry

2.    Mr. Mohammed Chail, sales & business development manager, Al-Watania Poultry

3.    Mr. Joel Sappenfied, president, Cobb-Vantress

4.    Dr. Mohammed Sulaiman Al-Rajhi, chief operating officer, Al-Watania Poultry

5.    Mr. Mark Sams, general manager, Cobb Europe

6.    Mr. Roy Mutimer, vice president, Cobb-Vantress

7.    Mr. Mohammad Hamad Al-Shayea, production vice president, Al-Watania Poultry

8.    Mr. Essam Mohamed Al-Hodithy, CEO consultant, Al-Watania Poultry


 

USAPEEC Announces U.S. Eligibility for Morocco

08/09/2018

The market for U.S. poultry and poultry products has now officially opened for Morocco with inclusion of details of the health certification included in the FSIS Export Library.

Currently the U.S. has duty-free access to Morocco for export of chicken. The initial quota is 6,400 metric tons for chicken parts increasing by 200 metric tons each year to an unlimited quantity by 2024 for turkey and 2030 for chicken.

Despite the fact that the U.S. entered into a Free Trade Agreement with Morocco in a 2004, agreement over a health certificate delayed eligibility for exports until the present time.


 

Cobb Announces Promotions and Appointments

08/09/2018

In a press release dated August 3rd, Cobb Vantress announced the following appointments:

  • Chance Bryant to Director of U.S. Technical Services
  • Dr. Cesar Coto to Manage Technical Services through Central America and the Caribbean
  • Ben Green will serve as Director of Production for U.S. Hatcheries
  • Dr. Flavio Henrique, Associate Director, North American Business Development
  • Dr. Robin Jarquin, Co-Director of the Cobb World Technical Support team
  • Cody Polley, Co-Director of the Cobb World Technical Support team

Chance Bryant

Dr. Cesar Coto

Ben Green

 

Hiatus on Negotiations with China

08/09/2018

The upward move in the stock market on Tuesday, July 31st was premature, predicated on a thaw in the ongoing trade dispute between the U.S. and China. Subsequently Larry Kudlow, Director of the National Economic Council confirmed however that there are no ongoing discussions between the two countries regarding tariffs.

On Wednesday, August 1st, the Administration evaluated raising tariffs on $200 billion goods to be imported from China at a rate of 25 percent. Previously the Administration had placed a tariff rate of 10 percent on imports.

Threats of raising tariffs on a wider range of goods and increasing the rate is considered to be a bargaining tactic but each threat from the U.S. has been countered with a negative response from China.

Wang Yi, a diplomat representing the government of China noted that “We hope that those directly involved in the United States’ trade policies can calm down, carefully listen to the voices of U.S. consumers and hear the collective call of the international community.” He added “The method of adding pressure will not, I am afraid, have any effect.”

A spokesman for the Foreign Ministry of China quoted in International Trade characterized the efforts to impose tariffs as “blackmail” and they would fail.

The two trade doves in the White House, presumably Treasury Secretary Mnuchin and Economic Advisor Larry Kudlow, have indicated that the President remains open to communications with Beijing and that informal conversations should take place to discuss an agenda for meaningful negotiation.

No formal talks have taken place between the two adversaries concerning the major issues of intellectual property, technology transfer and state support for high technology.


 

China Reports Outbreak of African Swine Fever

08/09/2018

On August 3rd Reuters reported an outbreak of African Swine Fever in Liaoning Province. Unless promptly eradicated this infection could result in serious losses among commercial swine herds and could spread within the greater Southeast Asian region. Officials in China maintain that the outbreak was controlled by depopulation of close to 1,000 hogs, but there was no statement as to the origin of the infection or the results of surveillance.

 

African Swine Fever is prevalent in Russia and Asia Minor and is endemic in Africa. The virus can be maintained in feral hog populations and in backyard and free-roaming hogs scavenging in villages. The virus is transmitted by Ornithodorus ticks and by direct contact between infected and susceptible animals.


 

Allen-Harim Inaugurates New Headquarters

08/09/2018

According to Delaware Business Now Allen Harim held a ribbon-cutting ceremony for their new company office on Thursday, August 2nd attended by state and local dignitaries. The renovation of the building in Millsboro, DE. represents a culmination of two years of litigation relating to the 460,000 square foot facility previously operated to pack Vlasic Pickles. Approximately 20,000 square foot will be used for administration. Sussex County has approved a deboning operation in 50,000 square foot, which will employ 165 workers. All poultry will be transferred from the Allen-Harim plant in Harbeson, DE. saving transport costs to Georgia for additional processing.

Allan-Harim, owned by a holding company in Korea, operates a breeding operation in Liberty, NC, a hatchery in Dagsboro, DE. soon to be replaced, a hatchery and feed mill in Seaford, DE. The Company is supplied by 230 independent contractors in addition to 20 company-owned farms on the Delmarva Peninsula.


 

BRF Introduces Premium Broiler Brand for the Domestic Brazil Market

08/09/2018

Sadia Bio™ was introduced in early August through major supermarket chains in Brazil.

 

Sadia will eliminate antibiotic additives and will incorporate traceability through a code on packaging to denote plant of origin.

 

The innovation follows the appointment of Pedro Parente as CEO earlier this year following successive quarters with large losses.


 

Dierdre Lyons receives Business Award.

08/13/2018

On August 9th The Southeast Kentucky Chamber of Commerce (SEKC) bestowed the 2018 Business Person of the Year award on Mrs. Deirdre Lyons, co-founder of Alltech. The award recognizes an individual who has demonstrated support for the advancement and development of business in Eastern Kentucky.  

Mrs. Lyons and the late Dr. Pearse Lyons initiated the development of Dueling Barrels Brewery & Distillery in Pikeville, KY to promote tourism to the region and to create jobs in an economically depressed area. Mrs. Lyons serves as Director of Corporate Image and Design at Alltech, supervised design and construction, ensuring that Dueling Barrels provides an unforgettable visitor experience. 

Surrounded by community and state leaders, Mrs. Lyons cut the ribbon on Eastern Kentucky’s first combined beer, bourbon and moonshine operation on June 27th 2018. The nearly 30,000-square-foot facility currently employs 13 full-time staff members, recruited from the region, including “storytellers” who share Appalachia’s history and culture with visitors.  

Mrs. Lyons will discuss economic growth, tourism and international publicity in Eastern Kentucky and share the story of Dueling Barrels at the upcoming Alltech News & Brews event. The public is invited to enjoy thought-provoking conversation, light bites and Dueling Barrels™ Pikeville Ale on Aug. 21 at the Town Branch Distillery in Lexington, Kentucky. For more information, visit https://go.alltech.com/newsandbrews  

 

 

 

 

 

Mrs. Deirdre Lyons, co-founder of Alltech, is joined by former Kentucky Governor Paul Patton and Dr. Mark Lyons, president of Alltech, after receiving the 2018 Business Person of the Year award from the Southeast Kentucky Chamber of Commerce.  

 


 

Shane Commentary

Growth in Plant Based Meat and Dairy Substitutes

08/05/2018

Nielsen has released statistics confirming that sales of plant-based dairy, meat and other products attained $3.3 billion in 2017. This represented a growth of 20 percent over 2017.  Plant-based milk substitutes represented $1.6 billion with this category comprising 15 percent of all milk sales, impacting dairy milk. 

 

Plant-based creamer sales rose by 131 percent to $109 million. Plant-based meat substitutes such as the Impossible Burger brand and others increased by 24 percent to $670 million.

 

Michelle Simon, executive director of the Plant-Based Foods Association commented, “The plant-based food industry has progressed from being a relatively niche market to full mainstream.”  She added, “The new data confirms what we are hearing and seeing everyday for our members: sales are up, investment is increasing and new jobs are being created in the plant-based foods industry.”

 

There is considerable opposition from associations representing the dairy and livestock industries to confine the terms “milk” and “meat” to products derived from animals. FDA is in the process of soliciting input on labelling and nomenclature of “alternative” food products.

 

The lobbying and legal challenges against substitutes are the motivation for the statement from the Plant-Based Foods Association that “regulators and legislators must treat our industry fairly and the playing field for plant-based is level and fair but the state and national levels.”  What’s source for the goose is source for the gander, milk is milk, meat is meat and soybean-derived proteins and eggs from mung beans are clearly something else.

 

 

Visit our Companion Website
http://egg-news.com/
Dr. Simon M. Shane
Simon M. Shane
Contact     C. V.
 
Copyright 2018 Simon M. Shane