Category: Agribusiness, Meat, & Other Food
McMarkets: Timing the McRib Reintroduction
Where does the McRib come from? The McRib patty is made from ground and formed pork butts. Pork butts are not the part of the hog that the name might suggest, but well marbled cuts located directly above the front shoulder of the animal. This versatile cut of meat is...
Read More »
Dealing in Disruption – Industry Perspectives with Hal Sankey
These experiences give him a unique lens to this COVID-19 environment and its impact on the beef industry. While 9/11, BSE, and the 2008 economic crisis were certainly disruptive, Hal quickly points out that this is the first time both a supply interruption and demand fluctuation are peaking simultaneously....
Read More »
Dealing in Disruption – Industry Perspectives with Mike Farrand
Farrand sees this epidemic as stirring up a more fundamental, structural change to the industry. Clues of a ‘new normal’ might reveal themselves across consumer shopping habits or packing plant operational changes. A mix in primal or middle meat demand or slowing line speeds are just two examples of indicators...
Read More »
The Beauty of Backtesting in Forecasting
In fact, every forecast will be wrong. The variable is determining how wrong it will be. When a forecasting model lacks validity, it leads to detrimental business decisions, causing more harm than good. That is where backtesting makes a difference With backtesting leading the way to stronger, more accurate forecasts,...
Read More »
The Meat Industry’s Coronavirus Conundrum
Lower demand With the World Health Organization (WHO) officially declaring the coronavirus outbreak as a pandemic, countries across the globe have pushed for an increase in social distancing and quarantines. In many countries, most notably China and Italy, there have been nationwide lockdowns and non-essential shops like bars and restaurants...
Read More »