NPR: A Pound of Flour To Go? Restaurants are Selling Groceries Now
Published April 13, 2020
Consumer Food Analyst JP Frossard explains why some restaurants are selling groceries during the pandemic. “There are some players that sell food only for restaurants,” he tells NPR. “Pivoting to meet this new need is a genuine public service.”
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New York Times: U.S. Food Supply Chain is Strained as Virus Spreads
Published April 13, 2020
Senior Animal Protein Analyst Christine McCracken explains that consumers may have more limited choices at grocery stores due to labor shortages at meat processing plants. “Consumers like to have a lot of different choices, and the reality is in the short term, we just don’t have the labor to make that happen,” she says.
Bloomberg: Food Makers Get Shot of Reality Now that Panic Buying has Waned
Published April 16, 2020
Global Dairy Strategist Mary Ledman explains the impact restaurant closures have had on the dairy industry. Overall demand for dairy products is expected to drop 10% to 15% this quarter. “You had this initial strong retail demand that muted the slow in food services demand,” she explains. “But once everybody had stocked their fridges and there’s not this panic buying, it’s just going back and filling the gaps. At the same time, we have seasonally increasing milk production. So, for the dairy sector, it was really this perfect storm.”
S&P Global: Closure of US Meat Plants Raises More Concerns Over Long-Term Corn Feed Demand
Published April 23, 2020
Senior Animal Protein Analyst Christine McCracken explains the impact of the coronavirus on the animal protein industry. Plant closures are the main disruption for the market and cause delays in more than one facet of the industry. “The primary obstacle for the animal protein industry today is the disruption at the plants due to COVID-19. The loss of a plant for just a few days is manageable, but these extended closures are exceptionally disruptive, not only to the processors but also the producers that supply those plants,” she says.
Reuters: California Farmer Plows Under Lettuce After Coronavirus Shutters Restaurant Market
Published April 15, 2020
Senior Analyst David Magana discusses the impact the coronavirus has on the food supply and how there may be limited produce options at grocery stores for consumers. “We could see a decline in supplies in the next few months,” he said. “Prices are going to increase.”
Food Quality & Safety: Industry Awaiting FDA Approval to Sell CBD Dairy Products
Published April 21, 2020
Senior Beverage Analyst Jim Watson discusses the potential for CBD to be used in dairy beverages, and explains why milk may not be the best fit for CBD. “Milk is associated with kids, while CBD is tied to marijuana,” he says. CBD is more likely to be infused into ice cream or protein-fortified workout beverages. Ice cream could be used by adults who eat it before bed to relax, he adds.
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Senior Protein Analyst Don Close explains how discounting meat products can help preserve consumer demand.
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