ANALYSIS: An Early-Year Check-up on Turkey Cold Storage Holdings

As we turn the corner into late Q1, turkey market participants are peering into the freezer to evaluate how the supply side of the equation is fending so far this year...

ANALYSIS: Counter-seasonal Rally in Pork Belly Values

Pork bellies have noted a substantial gain since the start of the New Year, with a 41% increase from January 4^th. Despite the foodservice end of the industry remaining limited, retail demand has continued to...

ANALYSIS: Boneless Chicken Breasts in the Crosshairs

One of the first things that any Econ student quickly gets acclimated with is how the quantity of a given commodity that manufacturers want to sell and the quantity of consumers who wish to buy, interact with one another...

ANALYSIS: Turkey Cold Storage Prompts A Double Take

With another year under the turkey industry’s belt, players in the frozen whole bird sector are turning to the charts in an effort to hone their expectations for...

Americans to Eat Record 1.42 Billion Chicken Wings for Super Bowl LV

The COVID-19 pandemic has changed our lives in many ways. One thing that hasn’t changed: America’s love for chicken wings. This is no more apparent than on Super Bowl weekend, when Americans will devour a record 1.42 billion wings while watching the Kansas City Chiefs and Tampa Bay Buccaneers battle for the Lombardi Trophy.

This figure is up 2% from last year, according to the National Chicken Council’s annual Wing Report.

There are several reasons for the uptick, says National Chicken Council spokesman Tom Super. “If you think about it, restaurants like wing joints and pizza places were built around takeout and delivery, so they didn’t have to...

ANALYSIS: Chicken Wings Start Year Undefeated

With NFL playoff season at our doorstep, wing marketers are ordinarily gearing up as they prepare for one of the busiest quarters of the year...

ANALYSIS: Frozen Turkey Drums Continue to March Forward

Turkey marketers are welcoming 2021 with open arms thanks to the relatively admirable set of early-year trade conditions...

REPORTER: Q3 Pork: Hot Prices and Frigid Freezer Inventories

With COVID-19 concerns continuing throughout the third quarter and into the fourth quarter of 2020, areas such as boning-line labor, foodservice and recreational activities, cold storage, and production were all affected. The Pork Carcass Cutout noted an uncharacteristic price rally between July and October 2020, increasing by around 31.6%. Looking at the past, the 5-year and 10-year averages saw declines around 12% during this timeframe, while in 2019 the cutout saw a moderate increase of 3.8% for the respective time period...

ANALYSIS: Turkey Cold Storage: A November to Remember

With November in the rear-view mirror, the time has finally come for turkey market participants to peer into the freezer and assess...

ANALYSIS: Chiming In on Chicken Leg Quarters

Those with exposure to chicken back half items are no stranger to this year’s uninspiring and highly volatile trade environment...

After Healthcare Workers, Essential Meat and Poultry Workers High Priority for COVID Vaccine

The North American Meat Institute (Meat Institute) urged federal authorities to highly prioritize COVID-19 vaccination for the men and women who work in the meat and poultry industry, following healthcare workers and those in long term care facilities.

Meat Institute President and CEO Julie Anna Potts commented:

"The men and women of the meat and poultry industry help keep America’s grocery stores stocked and our farm economy working. They should be...

ANALYSIS: The Q4 Chill: Assessing Chicken Cold Storage Inventories

The most recent release of the Cold Storage Report generally coincides with the day-to-day happenings of the chicken market, while at the same time...

Changed Beef Consumption Habits Following COVID-19 Create Opportunities

The global Covid-19 pandemic and African swine fever (ASF) have changed beef consumption patterns through 2020. While total beef consumption has not seen too much change, we have seen distribution channels change, benefiting some at the expense of others. As the impacts of ASF are overcome and disruptions from Covid-19 subside, old distribution channels will recover.

“It is likely that many consumers will revert to their previous habits, but we do see opportunities for...

COVID-19 Impacts the Turkey Market this Thanksgiving 

As coronavirus restrictions continue to impact our daily lives, it seems the holidays will be no exception. Retail and foodservice attempted to adapt to these unprecedented changes this Thanksgiving, by promoting deals with smaller birds or meals that feature turkey items instead of a whole bird.

Restaurants like Denny’s brought back its family-style Turkey and Dressing Dinner Pack, which included a carved turkey breast and sides portioned for four people. Cracker Barrel added multiple holiday meal options to the menu, with Thanksgiving meal offerings that serve...

ANALYSIS: Turkey Cold Storage Traveling Down a Well Worn Path

Not only did Monday’s release of the Cold Storage Report closely coincide with the present state of the turkey market, but it also...

ANALYSIS: An All-Encompassing View of Chicken Market Variables

In light of the unseasonal price momentum demonstrated by key items within the chicken complex, this week we thought it would be a great opportunity to...

ANALYSIS: Turkey Drums Find Their Rhythm

With November now upon us, whole body turkeys are commanding much of the seasonal spotlight, however...

ANALYSIS: What’s Going On with Tom Breast Meat?

It’s safe to say that Thanksgiving and the whole bird centric activity which typically...

ANALYSIS: SpareRibs Lingering Around PEDv 2014 Levels

Like most items throughout the fresh pork complex, spareribs underwent a significant rally from...

ANALYSIS: Whole Body Turkeys: A Return to the Norm?

Turkey processors are once again shifting into high gear as they prepare for the anticipated return of fill-in demand leading up to the big holiday...

ANALYSIS: Chicken Cold Storage: A Reflection of the Times

August’s cold storage coincide with the current market status of most major lines and serve to remind us of the supply-side challenges which marketers continue to wrestle with...

ANALYSIS: Turkey Holdings--In Tune With the Times

The most recent release of the USDA’s cold storage report helps to support the current standing of most major lines within the turkey complex while, at the same time, reflects...

ANALYSIS: Pork Cold Storage 2020 Update 

Cold Storage is a key metric that allows us to see the impact the coronavirus pandemic has had, and continues to have, on the pork market overall. The diminished production in Q2, due to...

ANALYSIS: Pork Offals in Cold Storage Decline as Fresh Supplies Remain Thin

The labor force continues to be stretched thin at many production plants following the wave of closures that occurred earlier in the year due to...

ANALYSIS: Tension In the Turkey White Meat Complex

In keeping with this year’s unusual and often precarious set of market conditions, a large differential has begun to...

ANALYSIS: Digging Deeper into Chicken Leg Quarters

The uninspiring level of demand that sellers are currently contending with is nothing new for those with exposure to the back-half of the bird...

ANALYSIS: Turkey Cold Storage: Traversing Along a Bumpy Seasonal Path

The latest release of the USDA’s Cold Storage Report not only helps to speak to the solid supply positioning of major turkey lines, but it also highlights...

ANALYSIS: Chicken Cold Storage: A Mid-Year Freeze

Wednesday’s release of the USDA’s Cold Storage Report closely coincides with the current standing of most major chicken lines and also reflects...

ANALYSIS: The Sustained Flight of Whole-Body Turkeys

In terms of turkey trade activity, there isn’t a whole lot going on here in Mid-July. Market participants continue to contend with the widespread supply and demand challenges associated with...

ANALYSIS: Pork 2020 Comparison

The first half of 2020 was highly volatile in the pork market due to a myriad of factors. While cases of ASF continued to be reported across several...

ANALYSIS: U.S. Protein Inventories Drawn Down During Plant Closures

U.S. cold storage stocks declined across the beef, pork, chicken, and egg categories in May as product was needed to...

ANALYSIS: Turkey Cold Storage: Standing Resolute

Monday’s release of the USDA’s Cold Storage Report helps support the current standing of most major lines, and also reflects...

Lineage Logistics Announces Acquisition of Henningsen Cold Storage, Assets from Maines Paper & Food 

Lineage Logistics is expanding their reach. Just last month the refrigerated warehousing and logistics provider announced the acquisition of Henningsen Cold Storage Co., as well as assets of Maines Paper & Food Service.

In February 2019 Lineage announced the acquisition of Preferred Freezer Services, making them not only the largest refrigerated warehousing and logistics provider in North America, but globally as well. The acquisition of Henningsen Cold Storage adds 14 facilities to Lineage’s expansive U.S. network, and bolsters its leading presence in the Pacific Northwest...

ANALYSIS: Turkey Cold Storage: It’s a Matter of Perspective

COVID-19’s widespread impact on the protein market landscape has certainly tested the wits of turkey buyers and sellers...

Is America Headed Towards a Meat Shortage?

Price gouging. Panic buying. Meat shortages. These phrases have dominated recent talk about the nation’s overall meat supply as a wave of plant closures and worker absenteeism rattle the supply chain and generate logistical hurdles. Increasingly, industry participants and consumers alike are uttering the unnerving question: Is America on the cusp of a nationwide meat shortage?  

There are many factors at play when assessing the current supply and demand patterns in the midst of a pandemic. Notably, a second wave of panic buying, and the subsequent run-up in wholesale values, has recently...

ANALYSIS: Heavy Birds Ground Breast Meat Values

Although the impact that COVID-19 has had on the turkey industry is continuing to develop, one of the most severe implications of the virus, so far, has been...

ANALYSIS: Pork Bellies Collapse to 1999 Levels

The last time pork bellies were trading at this level, you were probably more concerned with Y2K than what to do with excess bellies. We’re forced to turn the history books back to 1999 to see...

ANALYSIS: Heightened Buyer Urgency Contributing to Reduced Turkey Stocks

Despite the pre-occupation with COVID-19 and its impact on the global protein markets as a whole, turkey freezer stocks are providing...

ANALYSIS: Freezer Burn

In light of the recent attention being placed on China, a central focus of chicken processors and exporters has been the back half of the bird, and with good reason...

ANALYSIS: Whole Bird Stocks Bolster Processor Enthusiasm

Following last month’s release of the USDA’s Cold Storage Report which drew some skepticism from market participants, the January report sends a jolt of optimism to sellers, especially those...