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Hormel CEO Warns “Large Supply Gaps” For Jennie-O Turkey Brand
Zubu Brothers ^ | 6-2-2022

Posted on 06/02/2022 1:51:57 PM PDT by blam

A top US food processing company warned of an upcoming shortage of its turkey products at supermarkets following one of the worst bird flu outbreaks.

“Our Jennie-O Turkey Store team is facing an uncertain period ahead,” Hormel Foods Corporation CEO Jim Snee told investors in an earnings call. “Similar to what we experienced in 2015, (avian influenza) is expected to have a meaningful impact on poultry supplies over the coming months.”

Snee said the “large supply gaps in the Jennie-O Turkey Store will begin in the third quarter.” He said highly pathogenic avian influenza was confirmed in “our supply chain” in March.

Since the USDA first detected bird flu in the US in mid-February, more than 38 million birds in 35 states have died. Out of that figure, 5 million turkeys in the US have been killed, with most deaths in Minnesota and South Dakota.

Source: Bloomberg

Bird flu has decreased the total number of egg-laying hens, sending egg prices at supermarkets sky-high. Prices of chicken meat have also risen. Now, according to the CEO of Hormel, the Jennie-O Turkey Store brand could face product shortages by mid-summer.

Fixing supply chains is out of the Federal Reserve’s purview and will have trouble taming food inflation as shortages of all sorts of food persist. This could only suggest supply shocks will continue to hit people’s living standards even as the Fed tightens monetary policy.


TOPICS: Society
KEYWORDS: birdflu; food; shortages; supply; supplychain; turkey
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1 posted on 06/02/2022 1:51:57 PM PDT by blam
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To: blam

The jennie O ground turkey is the probably the most affordable amongst the branded turkey stuff. Yes, I do my grocery shopping like I’ve been to Price is Right..


2 posted on 06/02/2022 1:54:26 PM PDT by max americana (Fired leftards at work since 2018 at every election just to see them cry. I hate them all.)
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To: blam

Hormel’s stuff is junk anyway. About one step above dog food.


3 posted on 06/02/2022 1:59:47 PM PDT by Boogieman
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To: max americana

Offend a Muslim! Eat bacon instead!


4 posted on 06/02/2022 2:04:54 PM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: blam

More Hell.


5 posted on 06/02/2022 2:09:25 PM PDT by Born in 1950 (Anti left, nothing else.)
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To: blam

Shame. It’s a good Turkey


6 posted on 06/02/2022 2:09:31 PM PDT by Nifster (I see puppy dogs in the clouds)
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To: blam

What about Spam?


7 posted on 06/02/2022 2:11:26 PM PDT by nesnah (Infringe - act so as to limit or undermine [something]; encroach on)
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To: Boogieman

I can speak to the jennie-o turkey burgers....IMO they’re terrible. They come off the grill looking like gray hockey pucks and the taste isn’t far off.

Butterball turkey burgers are far superior...just my 2 cent.


8 posted on 06/02/2022 2:11:29 PM PDT by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: blam

History’s famous mass murdering dictators all agree: food is a weapon. Next up: anti-hoarding laws.


9 posted on 06/02/2022 2:13:05 PM PDT by Noumenon (Black American flag time. KTF)
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To: nesnah

https://www.youtube.com/watch?v=g00NplDnLLQ


10 posted on 06/02/2022 2:15:45 PM PDT by EvilCapitalist (I pledge allegiance to Hedy Lamarr)
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To: Boogieman
"Hormel’s stuff is junk anyway."

And in my opinion Jennie-O is on the bottom rung of the Hormel product ladder.

ie: "Oh Wow! this Jennie-O turkey breast is Way Cheap compared to the other brands!"

Buy it, take it home, cook and eat it - and then you will know WHY it was 'Way Cheap'.

11 posted on 06/02/2022 2:17:07 PM PDT by GaltAdonis
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To: GaltAdonis

I used to like the frozen turkey loaf and gravy; but I never see it in the stores here, now.


12 posted on 06/02/2022 2:19:05 PM PDT by Jamestown1630 ("A Republic, if you can keep it.")
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To: blam

No problems here!

https://www.hoovershatchery.com/broadbreastedwhiteturkey.html

I don’t work for them but they able to ship to Hawaii.
Hawaii is a real pain sometimes.


13 posted on 06/02/2022 2:20:39 PM PDT by rellic
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To: Tell It Right
Offend a Muslim! Eat bacon instead!

Have you seen the price of bacon lately?

Anyhow, I'm growing to the point where I'd rather prefer Muslims over the woke Marxist SJWs who are destroying the country from within.

There's no rainbow flags in Islam.


14 posted on 06/02/2022 2:23:21 PM PDT by Drew68 (Ron DeSantis for President 2024)
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To: blam

Every crisis starts with one thing or unrelated other. If they don’t converge, no crisis. If they converge, well...

In this case, consumers for poultry will move to alternatives, which will put pressure on those supplies, which will be stressed, thus putting pressure on other supplies... etc.


15 posted on 06/02/2022 2:27:07 PM PDT by nicollo
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To: blam

I’ve noticed a turkey shortage in the past few months, I buy Dietz & Watson and the inventory is pretty sparse.


16 posted on 06/02/2022 2:28:26 PM PDT by RushCrush ( )
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To: Drew68
Stop the world - I wanna get off.

;^(

17 posted on 06/02/2022 2:29:48 PM PDT by GaltAdonis
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To: Jamestown1630
I used to cook a whole turkey every 3 or 4 weeks -
slice it up, wrap it in single serve ziplocs and freeze.
So I had REAL turkey sandwiches for lunch.

I would put the legs & thighs in big gallon size ziplocs,
keep them in the freezer until I had enough to make my
dark meat turkey (defrost & pull meat off bones )
and beef/onion gravy thing.

Make a beef gravy sauce (yes, beef), add some chili powder
and garlic to the sauce. Slice up a big onion real thin -
put the turkey & onions in a baking dish, pour over the sauce and
bake on low heat (250 to 300) for 90 minutes - 2 hours or so.
You want the sauce to completely cover the turkey & onions.

Serve over noodles or bread / toast.
But first arrange it all on a plate, top with shredded
monterey jack cheese, then microwave for a minute to
melt the cheese.

A sprinkle of black pepper and your good to go. Mmmm...

18 posted on 06/02/2022 3:10:51 PM PDT by GaltAdonis
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To: blam

I am just curious, as I am neither a farmer nor an environmental wacko: how does raising poultry in massive facilities with millions of birds enclosed inside affect the spread of avian flu? IOW, are turkeys raised with lots of room indoors and outdoors as susceptible to this as the birds in the big factories are? (Regardless of the answer, I am not contending that consumers should pay tons more just so they can eat animals that grew up in confort on a hobby farm and enjoyed watching cable tv. I am more interested in how these diseases spread.)


19 posted on 06/02/2022 3:20:18 PM PDT by Stingray51 ( )
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To: Stingray51

I am not contending that consumers should pay tons more just so they can eat animals that grew up in confort on a hobby farm and enjoyed watching cable tv.

Would a turkey watch MSNBC?


20 posted on 06/02/2022 3:25:05 PM PDT by Flick Lives (The CDC. Brought to you by Pfizer)
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