The Kraft Heinz Comp
KHC
Real-time BATS EXCHANGE - 07/20 10:00:01 pm
62.305USD
-1.08%

LIVESTOCK HIGHLIGHTS : Top Stories of the Day

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04/16/2018 | 11:28 pm


TOP STORIES





Danone's EDP Business Could Push Shares: Deutsche Bank -- Market Talk



1430 GMT - Danone releases its first-quarter results on Wednesday and analysts at Deutsche Bank say the company's recently released consensus is highly representative of the market's view ahead of the results. Deutsche Bank says Danone's essential dairy and plant-based--EDP--businesses both in North America and internationally could be marginally ahead of the brokerage's organic-growth forecasts. If the North American business does well, Deutsche Bank expects a favorable share reaction. Danone shares trade down 0.1% at EUR65.21. ([email protected])





CDC Investigates Salmonella Outbreak Linked to Eggs -- Market Talk



16:59 ET - The CDC is investigating a multistate salmonella outbreak tied to eggs, the agency said. Health officials announced the probe after Indiana-based Rose Acre Farms, one of the largest U.S. egg producers, on Friday recalled nearly 207 million eggs due to fears they could be contaminated with the bacteria. Twenty-three people in nine states have fallen ill from salmonella traced to the eggs, the CDC said, echoing an earlier warning to consumers by the FDA not to eat recalled eggs. The investigation is CDC's seventh into salmonella infections this year, and follows probes tied to dried coconut, chicken salad and kratom, a plant used as an opioid substitute. ([email protected]; @jessenewman13)





STORIES OF INTEREST





Kraft Heinz Facing Post-Merger Growth Hurdles -- Market Talk



11:06 ET - A long-time Kraft Heinz bull isn't convinced the food giant will be able to drive sales growth enough to compete with fast-moving peers, now that post-merger cost-cutting and streamlining are done. Credit Suisse says the $1.7B merger savings realized from the 2015 marriage of Heinz with Kraft has run out and the investment bank doesn't see the current management being effective in delivering on demands from big retailers like Walmart who want more "promotional allowances, supply chain investment, and category growth from their vendors." Credit Suisse drops Kraft Heinz to underperform from outperform, lowers 2018 and 2019 EPS estimates below consensus and drops target price to $55 from $77. Kraft Heinz is off 1% at $60.38. ([email protected])





Seed Companies Lobby Food Makers on Gene Editing -- Market Talk



13:58 ET - Crop-seed developers are trying to get food companies comfortable with new gene editing technologies like CRISPR-Cas9. The Center for Food Integrity, a Missouri-based trade group that includes seed companies like Monsanto and DowDuPont, as well as food giants such as Kroger and Hershey, is coordinating discussions about how gene editing can help achieve sustainability goals, like reducing carbon emissions and improving animal welfare. The group, which set up a Coalition for Responsible Use of Gene Editing, is also developing guidelines for the technology in agriculture. ([email protected]; @jacobbunge)





FUTURES MARKETS





Snowstorm Threatens Cattle Country, Wheat Growers



A late-season snowstorm in the central U.S. sparked concerns about damage to cattle and other agricultural goods on Monday.



As many as 20 inches of snow fell in northern Plains states like Nebraska, South Dakota and Minnesota over the weekend, according to the Commodity Weather Group, before giving way to rain as it moved eastward through the Midwest.





CASH MARKETS




Zumbrota, Minn Hog $2.00 Higher At $32.00 - Apr 16

Barrow and gilt prices at the Zumbrota, Minn., livestock market are
$2.00 higher at $32.00 per hundredweight.

Sow prices are $1.00-$2.00 higher. Sows weighing 400-450 pounds are at $31.00-$33.00,
450-500 pounds are $31.00-$33.00 and those over 500 pounds are $35.00-$37.00.

The day's total run is estimated at 100 head.

Prices are provided by the Central Livestock Association.

Estimated U.S. Pork Packer Margin Index - Apr 16

All figures are on a per-head basis.

Date Standard Margin Estimated margin
Operating Index at vertically -
integrated operations
*
Apr 16 +$28.85 +$ 15.43
Apr 13 +$25.97 +$ 11.00
Apr 12 +$27.63 +$ 10.76

* 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 98.9
(Percent of Year-Ago) Select 99.6

USDA Boxed Beef, Pork Reports



Wholesale choice-grade beef prices Monday fell 82 cents per hundred pounds to $211.79, according to the USDA. Select-grade prices rose 7 cents per hundred pounds to $199.98. The total load count was 116. Wholesale pork prices rose $2.06 to $67.58 a hundred pounds, based on Omaha, Neb., price quotes.





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