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Kamis, 13 Juni 2019

Tyson Launches Its First Plant-Based Protein Brand to Compete With Beyond Meat - Gizmodo

Image: Tyson Foods

Tyson Foods is launching the company’s first plant-based protein brand, called Raised & Rooted, that will feature vegetarian nuggets that taste like chicken and blended burgers that still contain beef but are arguably more healthy.

Tyson’s new brand will compete with Beyond Meat, one of the first companies along with Impossible Foods to make a completely plant-based burger that tastes exactly like a beef hamburger.

The news about Tyson, first reported by The New Food Economy, comes in the wake of Beyond Meat going public in May with a $1 billion valuation. Beyond Meat’s stock has surged 500 percent since its IPO.

“Today’s consumers are seeking more protein options so we’re creating new products for the growing number of people open to flexible diets that include both meat and plant-based protein,” Noel White, president and CEO of Tyson Foods, said in a press release.

Tyson’s new Raised & Rooted nuggets will first hit supermarket shelves later this summer and its burgers are expected to be available this autumn.

Tyson, the largest meat producer in the U.S., explains that both the nuggets and burgers are primarily made from pea protein:

The Raised & Rooted nuggets are made from a blend of pea protein isolate and other plant ingredients and contain five grams of fiber and omega-3s, and less saturated fat than traditional nuggets. The blended burger is made with Angus beef and pea protein isolate and has fewer calories and less saturated fat than the plant-based burgers sold by several competing companies.

While the first product categories for Raised & Rooted are limited to “chicken” nuggets and burgers, the company hinted that it will be exploring other categories soon.

“While most Americans still choose meat as their primary source of protein, interest in plant and blended proteins is growing significantly,” Noelle O’Mara, Tyson Foods’ chief marketing officer, said in a statement.

“These products appeal to a broad cross section of consumers who enjoy food from a variety of protein sources and we expect interest to continue to grow across protein types. The Raised and Rooted launch and our pipeline of innovation will reflect our consumers expectations for 100% plant based, blended, and traditional protein offerings.”

Photo: Tyson

Tyson was an investor in Beyond Meat until the company recently sold its 6.5 percent stake back in April. That stake was reportedly worth about $79 million.

Tyson’s sausage and meatball brand Aidells is also launching a new Aidells Whole Blends brand which will feature chicken as well as plant-based products, hoping to appeal to health-conscious consumers looking to cut red meat from their diets.

Tyson is betting that American consumers want to introduce more plant-based options to their plate, even if they’re not vegan or vegetarian on a full time basis.

“For us, this is about ‘and’ – not ‘or,’” CEO White said. “We remain firmly committed to our growing traditional meat business and expect to be a market leader in alternative protein, which is experiencing double-digit growth and could someday be a billion-dollar business for our company.”

Update: This article has been updated to make clear at the beginning of the article that the Raised & Rooted burger still contains beef.

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2019-06-13 11:45:00Z
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Tyson Foods launches full-scale attack on Beyond Meat - Yahoo Finance

Credit: Tyson Foods

Tyson Foods (TSN) is finally getting into the mutant-meat game being dominated by one-time friend Beyond Meat (BYND) and its heated rival Impossible Foods.

The U.S.’s largest meat producer said Thursday it will debut several new plant-based products under the Raised & Rooted brand. Nuggets will debut at several undisclosed major retailers later this summer while blended burgers will hit shelves in the fall.

Note the word blended as Tyson hasn’t gone full-scale mutant meat cooked up in a lab here like its upstart competitors. The nuggets are simply made from pea protein isolate and other plant ingredients, Tyson says. In other words, typical veggie nuggets. The blended burgers are made with a mix of Angus beef and pea protein.

Tyson is touting that the blended burgers have fewer calories and less saturated fat than its competitors.

Underscoring the importance of a product launch into the red-hot plant-based food market, Tyson Foods nabbed a comment from its new CEO Noel White. Normally in the consumer products space, product launches aren’t that big a deal — and even when they, a lower level executive comments.

“Today’s consumers are seeking more protein options so we’re creating new products for the growing number of people open to flexible diets that include both meat- and plant-based protein,” said Noel White, president and CEO of Tyson Foods in a statement. “For us, this is about ‘and’ – not ‘or.’ We remain firmly committed to our growing traditional meat business and expect to be a market leader in alternative protein, which is experiencing double-digit growth and could someday be a billion-dollar business for our company.”

For Tyson, the announcement has to be somewhat bittersweet.

The company dumped its 6.5% stake in Beyond Meat ahead of the plant-based meat company’s IPO in early May. Since then, Beyond Meat’s stock has exploded 115% amid a solid first quarter earnings report and insane levels of enthusiasm for the story on Wall Street.

Brian Sozzi is an editor-at-large and co-host of The First Trade at Yahoo Finance. Follow Brian Sozzi him on Twitter @BrianSozzi

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2019-06-13 11:33:00Z
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OPEC's oil output falls to 5-year low in May as group warns of weaker demand - CNBC

Workers drill at the Saudi Aramco oil field complex facilities in Shaybah, Saudi Arabia.

Reza | Getty Images

Oil output from OPEC fell in May, hitting a five-year low as the group warned that U.S.-China trade tensions could lead to slower economic growth and weak fuel demand.

Production from the 14-nation producer club fell by 236,000 barrels per day last month to 29.88 million bpd, according to independent sources cited by OPEC in its monthly report. It was the first time OPEC pumped below 30 million bpd since June 2014.

The slump in production comes as OPEC is considering whether to extend a six-month deal to hold down output. In the monthly report, OPEC says it will carefully consider the economic outlook when it meets with Russia and other oil-exporting nations in coming weeks.

"Throughout the first half of this year, ongoing global trade tensions have escalated, threatening to spill over, and geo-political risks remained in many key regions," OPEC said. "This has resulted in a slowdown in global economic activities, and weaker growth in global oil demand, both compared to a year earlier."

OPEC expects the global economy to remain under pressure in the second half of 2019, largely due to trade disputes, casting uncertainty over oil demand.

The group now expects global oil demand to grow by 1.14 million bpd in 2019, slightly lower than its last forecast. OPEC expects producers outside the group to hike output by 2.14 million bpd this year, meaning supply growth will swamp the rise in demand.

Concerns about softening demand have pushed oil prices to five-month lows, but crude futures rose about 3% on Thursday on reports of tanker attacks in the Gulf of Oman.

OPEC's output cuts and supply disruptions continue to lend support to the market. Together with Russia and other producers, OPEC is trying to keep 1.2 million bpd off the market.

In May, top OPEC producer Saudi Arabia's output fell by 76,000 bpd to 9.69 million bpd. The kingdom continues to voluntarily pump well below its quota of 10.31 million bpd.

Oil supplies also continued to fall in Iran and Venezuela, both of which have been targeted by U.S. energy sanctions. In Iran, production fell by 227,00 bpd to 2.37 million bpd, while Venezuela's output fell 35,000 bpd to 741,000 bpd.

Nigeria, Africa's largest producer, also saw output fall by 92,000 bpd to 1.73 million bpd.

The losses were slightly offset by production increases in Iraq and Angola.

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https://www.cnbc.com/2019/06/13/opec-oil-output-falls-to-5-year-low-in-may-group-warns-of-weak-demand.html

2019-06-13 10:42:18Z
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Tyson Foods unveils plant-based nuggets as it moves into meat alternatives - CNBC

Tyson Foods' Raised & Rooted plant-based nuggets

Tyson Foods

The nation's biggest meat producer is plotting its entry into plant-based meat substitutes.

Tyson Foods said Thursday it will debut plant-based nuggets this summer as part of a new brand, Raised & Rooted, that will sell plant-based and blended meat products.

Tyson executives have been teasing the company's move into meat alternatives since February, but this is the first time the meatpacker is revealing its plans to compete with the likes of Impossible Foods and Beyond Meat.

Shares of Beyond Meat fell 4% in premarket trading Thursday after the announcement, while Tyson's stock rose 3%. The maker of plant-based meats has a market value of $8.5 billion, roughly a third of Tyson's market value.

"We remain firmly committed to our growing traditional meat business and expect to be a market leader in alternative protein, which is experiencing double-digit growth and could someday be a billion-dollar business for our company," Tyson CEO Noel White said in a statement.

The flexitarian diet is driving the growth of the market for meat alternatives, which Euromonitor expects will hit $22.9 billion globally by 2023. Nearly 60% of U.S. consumers are interested in eating less meat, according to Mintel.

Beyond Meat, a former Tyson investment, previously sold plant-based chicken strips, but the company pulled the product from grocery store freezers earlier this year.

Tyson's imitation nuggets use pea protein in place of chicken. The company also plans to release a blended burger made with Angus beef and pea protein under the new brand.

The Springdale, Arkansas-based company said it plans to introduce more alternative protein products across its portfolio of brands and to food-service operators. The company's Aidells brand already sells sausage and meatballs that blend chicken with plant-based ingredients.

Perdue Foods, another large meat producer, said Wednesday it will distribute new chicken nuggets, tenders and patties that blend meat with vegetables.

In addition to the new brand, Tyson has been investing in start-ups focused on alternative proteins. The company's venture capital fund has invested in mushroom-based protein producer MycoTechnology and cultured meat producers Memphis Meats and Future Meat Technologies.

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https://www.cnbc.com/2019/06/13/tyson-foods-unveils-plant-based-nuggets-in-move-into-meat-alternatives.html

2019-06-13 11:00:36Z
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Oil surges after Gulf tanker attacks, stocks claw higher - Investing.com

© Reuters. People walk past the London Stock Exchange Group offices in the City of London, Britain

By Marc Jones

LONDON (Reuters) - Suspected attacks on two tankers off the coast of Iran saw oil markets erupt out of their recent slump on Thursday and kept traders gobbling up ultra-safe government bonds, gold and the Japanese yen.

surged as much 4% after reports of the attacks added to the already-heightened tensions between Iran and the United States.

The area is near the Strait of Hormuz through which a fifth of global oil consumption passes from Middle East producers.

Europe's oil producers moved higher in the region's stock markets. Shares were also lifted by some stellar gains in the telecoms sector as Germany dished out licenses for its new 5G mobile network to some new entrants. ()

"Whenever you have an incident in the Arabian Gulf a little bit of nervousness always starts to kick in about that particular artery getting clogged up," CMC Markets senior analyst Michael Hewson said.

Given that oil was at 5-month lows yesterday, people are taking precautions that it might escalate into something further.

"But personally I think it will be much like in the past where you get a spike higher but ultimately it doesn't change the underlying supply and demand dynamics," Hewson said.

Asia had been a different story. Hong Kong’s had dropped sharply for a second day as public tensions continued there about a bill which would allow extradition to China.

Doubts were growing too about any improvement in what U.S. President Donald Trump called ‘testy’ trade relations with China before this month’s G20 summit and some market anxiety emerged that Federal Reserve rate cut speculation may have been overdone.

Investors will be looking to what Fed policymakers will say after their next policy meeting on June 18-19, with Fed Funds rate futures pricing in a 25-basis-point rate cut for the subsequent policy review on July 30-31.

That is completely at odds with the Fed's projection three months ago, when policy makers saw gradual rate hikes in coming years.

"The U.S. real economy has not worsened that much. But given market expectations, the Fed will have no choice but to cut rates," said Kozo Koide, chief economist at Asset Management One.

RATE EXPECTATIONS

The 10-year U.S. Treasuries yield dipped to 2.103 percent, near Friday's 2.053 percent, its lowest level since September 2017, while Germany borrowing costs sank back toward all-time lows in Europe.

Bond yields also fell in Asia. Long-dated Japanese government bond yields hit their lowest levels since August 2016, with 20-year yield down 2.5 basis points at 0.220 percent, before they rose back on a weak 30-year bond auction.

In Australia, long known for its high-yield currency, rates fell to record lows, with three-year yield now slipping below 1 percent after jobs data pointed to another interest rate cut in July to follow one last week.

In the currency market, the yen gained 0.2% to 108.32 to the dollar as risk sentiment soured while the Australian dollar dropped 0.25% to $0.6910.

The euro stood little changed at $1.1293, having taken a hit on Wednesday after Trump said he was considering sanctions over Russia's Nord Stream 2 pipeline project and warned Germany against being dependent on Russia for energy.

The pound stayed subdued after British lawmakers defeated an attempt led by the opposition Labour Party to try to block a no-deal Brexit by seizing control of the parliamentary agenda from the government.

Sterling fetched $1.2670, not far from this week's low of $1.2653.

"The risk aversion and falling stock markets are supporting the yen as usual," said Bart Wakabayashi, Tokyo branch manager for State Street (NYSE:) Bank and Trust. "The Australian dollar's underperformance is also a booster for the yen."

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https://www.investing.com/news/stock-market-news/hong-kong-leads-asian-stocks-lower-oil-near-fivemonth-lows-1896225

2019-06-13 09:19:00Z
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Hong Kong leads Asian stocks lower, oil fragile at five-month lows - Investing.com

© Reuters. A woman points to an electronic board showing stock prices as she poses in front of the board after the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan's stock market, in Tokyo

By Hideyuki Sano

TOKYO (Reuters) - Asian shares slumped on Thursday as the Hong Kong market was hit for the second straight session following a day of massive street protests, while oil prices flirted with five-month lows due to higher inventories and a bleak demand outlook.

Fading hopes that the United States and China will clinch a deal on the sidelines of a Group of 20 summit meeting in Osaka on June 28-29 also hurt sentiment and drove bond yields down.

"There's not even a plan of ministerial-level bilateral meetings ahead of the G20 summit. You can't expect any major agreement," said Hirokazu Kabeya, chief global strategist at Daiwa Securities.

European stock are expected to fall, with futures Britain's and Germany's down about 0.2%.

MSCI's broadest index of Asia-Pacific shares outside Japan fell as much as 1% and was last off 0.6%.

Hong Kong's tumbled 1.8% at one point following Wednesday's 1.7% fall.

The selling pressure in Hong Kong came after legislation that would allow citizens to be extradited to China triggered a mass protest and some of the worst unrest seen in the territory since Britain handed it back to Chinese rule in 1997.

Japan's lost 0.8% while U.S. stock futures slipped 0.2% in Asia, following small losses the previous day when the shed 0.20%.

Oil hovered near five-month lows, pressured by another unexpected rise in U.S. crude stockpiles, as well as the bleaker outlook for demand posed by prospects of a protracted trade war between China and the United States.

futures barely moved at $60.06 after a 3.7% slide on Wednesday to $59.97 a barrel, the international benchmark's lowest close since Jan. 28.

U.S. West Texas Intermediate crude futures stood at $51.12 per barrel, compared to the previous day's close of $50.72 a barrel, its weakest settlement since Jan. 14.

"It is a bit of mystery that oil prices are so low when global stock prices remain relatively supported. But one thing is certain. Weaker oil prices will curb inflation and boost rate cut expectations," said Daiwa's Kabeya.

Government data showed on Wednesday U.S. consumer prices barely rose in May, with the core annual inflation slowing to 2.0%, compared to a peak of 2.4% last July, adding to the growing expectations of a Federal Reserve rate cut in coming months.

Investors will be looking to what Fed policymakers will say after its next policy meeting on June 18-19, with Fed Funds rate futures pricing in a 25-basis-point rate cut for the subsequent policy review on July 30-31.

That is completely at odds with the Fed's projection three months ago, when policy makers saw gradual rate hikes in coming years.

"The U.S. real economy has not worsened that much. But given market expectations, the Fed will have no choice but to cut rates... It will take an action as an insurance against potential downside risks to the economy as a Sino-U.S. trade deal looks unlikely for now," said Kozo Koide, chief economist at Asset Management One.

The 10-year U.S. Treasuries yield dipped to 2.103 percent, near Friday's 2.053 percent, its lowest level since September 2017.

In Australia, long known for its high-yield currency, rates fell to record lows, with three-year yield now slipping below 1 percent after the country's jobs data pointed to another interest rate cut in July to follow one just last week.

In the currency market, the yen gained 0.2% to 108.32 to the dollar as risk sentiment soured while the Australian dollar dropped 0.25% to $0.6910.

The euro stood little changed at $1.1293, having taken a hit on Wednesday after U.S. President Donald Trump said he was considering sanctions over Russia's Nord Stream 2 pipeline project and warned Germany against being dependent on Russia for energy.

The British pound is on the back foot after British lawmakers defeated an attempt led by the opposition Labour Party to try to block a no-deal Brexit by seizing control of the parliamentary agenda from the government.

Sterling fetched $1.2688, not far from this week's low of $1.2653.

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2019-06-13 08:05:00Z
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Rabu, 12 Juni 2019

nflation tame: Consumer prices rise 0.1% in smallest bump in 4 months, CPI shows - MarketWatch

Consumer prices rose slightly in May, but inflation more broadly remains quite low

The numbers: Falling gasoline and used-vehicle prices held inflation in check in May and inflation pressures more broadly eased again, potentially making it easier for the Federal Reserve to reduce the cost of borrowing soon if the U.S. economy weakens any further.

The consumer price index rose a scant 0.1% in April, the Bureau of Labor Statistics said Wednesday, matching the MarketWatch forecast. It was the smallest increase since January.

More notably, the increase in the cost of living over the past 12 months slowed to 1.8% from 2%. The rate of inflation has tapered off from nearly 3% since last summer.

Another closely watched measure of inflation that strips out food and energy also advanced a meager 0.1% last month.

The yearly increase in the so-called core rate slipped to 2% from 2.1% — right in line with the Federal Reserve’s target for inflation.

Read: Weak unions, globalization not to blame for shrinking slice of income pie for workers

What happened: The cost of food advanced 0.3% in May and accounted for nearly half of the increase in the consumer price index. Medical care increased 0.3%, rents rose 0.2% and airline tickets also went up.

Gasoline prices fell 0.5% in May, however, after a nearly 6% increase in April. With the cost of oil falling, gas prices might go even lower for the time being.

Used-vehicle prices also dropped 1.4% to mark the fourth straight drop.

The price of clothes was unchanged following two declines in a row.

After adjusting for inflation, hourly wages increased 0.2% in May. They’ve risen a modest 1.3% in the past year.

Big picture: Waning inflation largely reflects the lower cost of energy and more moderate increases in health care.

Yet there’s some evidence the recent downtrend could come to a halt soon, leaving inflation close to the Fed’s 2% goal. Rents continue to rise with the housing market tight, for one thing, and the cost of health care no longer appears to be falling.

If inflation stabilizes around 2%, the Fed would have more leeway to determine when it needs to cut interest rates. So long as the economy expands at a steady pace and ongoing trade wars don’t throw it off kilter, the central bank can stand pat. But if the economy dips again the Fed will act quickly.

Read: ‘Whiff of U.S. recession’? It’s in the air again, but strong labor market the antidote

What they are saying?: “Except for rents, there is an awful lot of nothing going on in the CPI,” said chief economist Chris Low of FTN Financial, who thinks the Fed should cut interest rates.

“Inflation at the current run rate neither prevents nor forces action on rates,” said senior U.S. economist Eric Winograd of AllianceBernstein. “It is low enough to allow for rate cuts but not so low as to require them.” Yet Winograd thinks the Fed will cut rates once or twice this year.

Market reaction: The Dow Jones Industrial Average DJIA, -0.10% and S&P 500 SPX, -0.20% rose slightly in Wednesday trades. Stocks fell on Tuesday to break a five-day winning streak.

The 10-year Treasury yield TMUBMUSD10Y, -0.98% slipped to 2.12%.

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https://www.marketwatch.com/story/consumer-inflation-rises-01-in-may-smallest-bump-in-4-months-cpi-shows-2019-06-12

2019-06-12 13:57:00Z
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