LIVESTOCK HIGHLIGHTS: Top Stories of the Day
11 Februar 2019 - 11:53PM
Dow Jones News
TOP STORIES
Burger King's Parent Aims for More Global Growth
Restaurant Brands International Inc., the parent of Burger King,
Tim Hortons and Popeyes Louisiana Kitchen, is marching ahead on
expanding the international presence of all three brands as it
scouts for sales growth.
With slowing sales growth in the U.S. for Burger King and
Popeyes and flat growth for Tim Hortons in Canada, the
Toronto-based company has worked to open up restaurants or form
partnerships with local franchisees across Asia, Latin America and
Europe.
UK Food Industry Urges Pause in Non-Brexit Policies as EU Exit
Looms
The U.K. food industry has called on the British government to
pause non-Brexit related policy work as the sector struggles to
prepare for a possible disorderly exit from the European Union.
On Monday, a letter from the heads of more than 30 trade bodies
warning of a "catastrophic impact" to the food industry from a
no-deal Brexit was publicly disclosed. The letter was sent on
Friday to Michael Gove, the U.K.'s minister for food and rural
affairs.
STORIES OF INTEREST
Chipotle Enlists Oscar-winner Errol Morris For Documentary-style
Ads -- MarketWatch
Chipotle Mexican Grill Inc. (CMG) said Monday that it has
brought on documentarian Errol Morris to create digital and
television ads that showcase the fast-casual chain's operations
over the past quarter century. Errol Morris was the director and
producer of the Oscar-winning documentary "Fog of War." The "Behind
the Foil" spots will include scenes in Chipotle's kitchens
including prep routines, the company's farming partners and its
employees. Chipotle shares have skyrocketed more than 128% over the
past year while the S&P 500 index has gained 3.4% for the
period. See: Chipotle's digital sales and marketing initiatives
could finally put illness outbreaks in the past
(http://www.marketwatch.com/story/chipotles-digital-sales-and-marketing-initiatives-could-finally-put-illness-outbreaks-in-the-past-2019-02-07)
-Tonya Garcia
FUTURES MARKETS
Hogs Turn Around as China Statements Fuel Correction -- Market
Talk
15:08 ET - Reports the Trump administration is discussing
holding a summit with Chinese President Xi Jinping at the
Mar-a-Lago resort in Palm Beach, Fla., helps fuel a turnaround on
hog futures. April hog futures on the CME finish up 1.1%, closing
at 59.075 cents a pound. Also aiding the uptick was the notion
among traders that last week's price slide was overdone. "We went a
little too far last week," says Alan Brugler of Brugler Marketing
and Management. Meanwhile, live cattle futures finished up 0.3% at
$1.283 a pound, maintaining the steady rise of the futures contract
on solid consumer demand. (kirk.maltais@wsj.com; @kirkmaltais)
CASH MARKETS
Estimated U.S. Pork Packer Margin Index - Feb 11
Source: USDA, based on Wall Street Journal calculations
All figures are on a per-head basis.
Date Standard Margin Estimated margin
Operating Index at vertically -
integrated operations
Feb 11 +$ 28.38 +$ 5.23
Feb 07 +$ 26.72 +$ 5.00
Feb 06 +$ 26.83 +$ 5.79
* 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 105.0
(Percent of Year-Ago) Select 105.
USDA Boxed Beef, Pork Reports
Wholesale choice-grade beef prices Monday rose $1.53 per hundred
pounds, to $216.88, according to the USDA. Select-grade prices rose
$2.69 per hundred pounds, to $213.86. The total load count was 78.
Wholesale pork prices rose 47 cents, to $64.17 a hundred pounds,
based on Omaha, Neb., price quotes.
(END) Dow Jones Newswires
February 11, 2019 17:38 ET (22:38 GMT)
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