TOP STORIES
Tyson Foods Planning Worker Vaccination Events
Tyson Foods Inc. on Monday said it would expand free, onsite Covid-19 vaccinations to all team members in the state of Arkansas, where 20% of its U.S. workforce is based.
Through April 2, the company said, it will hold 19 vaccination events to allow its 24,000 Arkansas employees convenient access to the vaccine.
JBS USA, Pilgrim's Say About 1/3 Of Workers to Receive Covid Vaccine by End of Week
JBS USA on Monday said about 14,000 of its team members in the U.S. have received a Covid-19 vaccine to date, and 7,000 more are scheduled for vaccination in the coming week
About one-third of its more than 60,000 team members will have received at least one dose of a Covid-19 vaccine once vaccination clinics conclude this week, the company said.
STORIES OF INTEREST
Fixing the Recipe at Danone Will Take Time
Activist investors have scored a surprisingly quick win at Danone. Bringing the Paris-listed food company back to full health will be a much lengthier process.
On Monday, the maker of Dannon yogurt and Evian bottled water said that Emmanuel Faber, who has led the business since late 2014, will stand down. Two weeks ago, the board proposed a compromise to Danone's unhappy shareholders by agreeing to split the roles of chairman and chief executive officer held by Mr. Faber, while allowing him to stay on as chair.
HelloFresh's Sales Growth to Slow Down in 2021 -- Market Talk
1215 GMT - HelloFresh had a strong fourth quarter as coronavirus restrictions continued to sustain customer demand, but sales growth in 2021 for the German meal-kit maker is expected to decelerate noticeably, Bryan Garnier says. Sales in 2020 grew 111% at constant currency, but the European investment bank expects HelloFresh to post 2021 sales growth of 21.2%. "All eyes are now already turned toward the extent of the normalization in the U.S. post-restaurants reopening and its impact on 2Q-3Q-4Q figures that are set to face low facial growth performances," Bryan Garnier says. HelloFresh shares trade 0.2% higher at EUR60.90. (mauro.orru@wsj.com; @MauroOrru94)
FUTURES MARKETS
Hogs Finish Lower Even as Slaughters Ease -- Market Talk
1518 ET - Lean hog futures trading on the CME finished down 0.9% to 90.55 cents per pound. The hog contract fell even though slaughter figures are down. One reason is because packers will push to avoid paying high prices for hogs by slowing down their own operations. "They are going to use any excuse possible to slow things down a bit to make sure the margins don't shrink," says John Payne of Daniels Trading. Meanwhile, most-active live cattle futures finished trading up 1.1% to $1.21775 per pound. (kirk.maltais@wsj.com; @kirkmaltais)
CASH MARKETS
Estimated U.S. Pork Packer Margin Index - Mar 15
Source: USDA, based on Wall Street Journal calculations.
All figures are on a per-head basis.
Date Standard Margin Estimated margin
Operating Index at vertically -
integrated operations
Mar 15 +$ 20.40 +$ 82.30
Mar 12 +$ 17.63 +$ 74.56
Mar 11 +$ 20.08 +$ 78.00
* 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 109.1
(Percent of Year-Ago) Select 110.2
USDA Boxed Beef, Pork Reports Wholesale choice-grade beef prices Monday fell $1.10 per hundred pounds, to $224.77, according to the USDA. Select-grade prices fell $2.22 per hundred pounds, to $218.05. The total load count was 103. Wholesale pork prices rose $3.60, to $100.68 a hundred pounds, based on Omaha, Neb., price quotes.
(END) Dow Jones Newswires
03-15-21 1727ET
