Supermarket Perimeter - September 2021 - 8

being a main driver.
Rabobank highlighted
small-to-medium-sized
businesses with flexible
order sizes and no
frequency requirements,
provides RangeMe
suppliers with an
additional outlet to
promote their products
to retail buyers. In turn,
UNFI suppliers will set
up a profile on RangeMe
to increase their brand
and product visibility
to a wider audience of
retail buyers.
" Scale and access to
the widest assortment
of grocery and wellness
products are the
foundation for being able
to best serve customers
in today's e-commerce
world, " said Tom Kraus,
vice president of
e-commerce at UNFI.
" In combination with
our recently launched
Community Marketplace,
our latest work with
RangeMe not only
better positions UNFI
to support emerging
suppliers, but also sets
up an expanded universe
of discovery where over
15,000 unique customers
are able to more easily
purchase products that
meet the ever-evolving
needs of today's
consumer. "
RangeMe aims to
help retail buyers
discover innovative and
emerging products,
while streamlining
the inbound product
submission process.
For product suppliers,
8 - SEPTEMBER 2021
the platform enables
them to grow their retail
relationships while
providing the tools to
manage their products,
market their brand,
and build awareness.
Now integrated into
the ECRM product
offering, RangeMe adds
increased breadth and
depth to the industry's
most complete sourcing
solution for top retailers
and product suppliers in
the United States.
" This is the latest
evolution of our
relationship with UNFI,
and it's focused on
facilitating the prevailing
way that retailers and
suppliers want to do
business, " said Nicky
Jackson, founder and
chief executive officer
of RangeMe. " RangeMe
empowers nearly 13,000
retail buyers to efficiently
discover innovative and
emerging products and
we're excited to expand
our work with UNFI
to bring tremendous
opportunity to a broader
set of suppliers and
retailers across the
industry. "
Rabobank report
shows strong
demand for US beef
In the new Rabobank
Beef Quarterly Q3 report,
Angus Gidley-Baird,
senior analyst, Animal
Protein, said that US beef
export demand is robust
with a global shortage
supermarketperimeter.com
the Argentine
government's decision
to impose a 30-day
suspension on beef
exports in May. Following
that decision, new
limitations were placed
on the volume and type
of beef that could be
exported. Argentina and
Canada were both the
exceptions when it came
to cattle prices according
to analysis with dramatic
contractions.
US beef is seeing
a spike in demand
from China and other
Southeast Asian
countries due to the
limited global supply
according to Rabobank.
" The improving
outlook is currently being
reflected in the prices
producers are willing
to pay for replacement
cattle as well as deferred
live cattle futures, " the
report said. " While
there is always concern
that cattle feeders are
reacting too strongly
and too early, the price
outlook for fed cattle for
the fourth quarter and
for 2022 are better than
what has been seen in
several years. "
However, Rabobank
also pointed out that
current US steer prices
are 25% above 2020
and 8% higher than the
five-year average for the
time of year.
The report went on
to say that retail and
wholesale beef prices
continue to be strong
and resilient. Fed beef
cutout values are
trading largely counter
seasonally.
The bank stated that
nowhere are strong
US beef prices more
evident than in the
beef trimmings market
despite aggressive cow
liquidation.
Beef prices in China
for the quarter showed
limited upside potential
for the rest of the year
due to production of pork
and poultry continuing to
grow. Still the resilience
of beef prices is due to
falling pork prices and
limited supply.
Beef producers in
Brazil have shown
stability since April
with an improvement
on supply and lower
industry demand.
Limited slaughter cattle
supplies, put together
with seasonal issues of
drought and frost drove
live cattle prices to
record levels in Q1.
Prices in Australia
continue to push record
levels in July up monthly
but remain 13% below
2020 volumes and down
20% on the five-year
average for the month
of July. Year-to-date
volumes are down 22%
from last year.
In the European
countries, beef
production has leveled
off to the same as
2020. Increases have
been reported in Spain
(+7%), France (+2%), Italy
(+0.8%), Poland (+0.6%),
and the United Kingdom
(+0.4%). However,
there was contraction
in Germany (-3%) and
Ireland (-7%).
TIMOLINA - STOCK.ADOBE.COM
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Supermarket Perimeter - September 2021

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