Current Cattle Market Daily Headlines for Friday, August 14, 2020

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Mission Barns will now let the public try their new cultured bacon

https://www.forbes.com/sites/jennysplitter/2020/08/03/mission-barns-bacon-tasting/?fbclid=IwAR1XUzDOL1tB7RcH1MlQhtK9Q-8TYTyfOQHe2JAQmr5FVpAD5G0xRgku0s0#749b4a913c9b

  • Cultivated meat maker, Mission Barns, is now offering consumers an opportunity to sign up for a chance to be one of 50 to 100 selected tasters to try bacon grown from real pork fat cells, no animal slaughter included.
    • Cultivated proteins have yet to hit the market, as they haven’t been approved for commercial sale.
  • Cultivated bacon is made when pork cells are taken from a pig, fed a mixture of nutrients and sugar to grow, and then they continue to grow and “fatten up” until a slice of bacon is formed.
  • There are approximately 36 cultured protein companies across the globe, all working to make cultured proteins a commercial reality. These companies are making cultured meat ranging from seafood to chicken nuggets.
  • When these cultured meat products will actually hit store shelves remains to be seen.

 

Brazil’s JBS, the world’s top meatpacker, posts better than expected Q2 results

https://www.reuters.com/article/jbs-results/update-1-brazils-jbs-the-worlds-top-meat-packer-posts-better-than-expected-q2-results-idUSL1N2FF2I9

  • On Thursday, JBS posted second quarter net profits nearly twice as high as the average of analysts’ estimates after a strong performance of its beef and pork divisions in Brazil and the U.S.
    • JBS showed a net profit of $629 million for the quarter.
  • After this strong second quarter, the company has increased its consolidated net revenue to approximately 12.6 billion dollars, up 33%.
  • According to JBS, the second quarter was highlighted by strong Brazilian beef exports to China, which increased 53% in dollar terms compared with the same period a year ago.

 

Chinese cities find coronavirus in frozen food imports, WHO downplays infection risk

https://www.reuters.com/article/us-health-coronavirus-china-food/chinese-cities-find-coronavirus-in-frozen-food-imports-who-downplays-infection-risk-idUSKCN259330

  • Two cities in china have found traces of coronavirus in cargoes of imported frozen food, according to local authorities.
  • Local Chinese authorities have reported samples taken from the surface of frozen chicken wings imported into Shenzhen from Brazil and from the outer packaging of a frozen Ecuadorian shrimp sold in the city of Xian, have tested positive for the virus.
  • Scientists and officials say there is no strong evidence that coronavirus can spread via frozen food.
  • World Health Organization’s head of emergencies program, Mike Ryan, stated that people should not fear food, food packaging, or delivery of food.
  • In addition to screening all meat and seafood containers coming into major ports in recent months, China has suspended numerous meat imports from various places, including Brazil, since mid-June.

 

Boxed beef prices

www.nationalbeefwire.com

  • Choice boxed beef: $210.95 (+1.86)
  • Select boxed beef: $197.41 (+1.42)

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  1. Current Cattle Market Daily Headlines for Monday, August 17, 2020 | Fair Cattle Markets - […] Current Cattle Market Daily Headlines for Friday, August 14, 2020 […]

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