Cold Storage: End July Combined Meat/Poultry -0.9% on Month, -4.3% on Year

USDA monthly cold storage data released Wednesday afternoon showed combined meat and poultry stocks held in the nation's freezer warehouses at the end of July at 0.9% below the previous month and 4.3% under a year ago.

The combined stocks were down 5.7% from the five-year average of 2.314 billion pounds. Chicken and turkey stocks were up from a year ago. Beef and turkey were higher than the month prior. 

POULTRY

Chicken stocks were reported at 847.6 million pounds, down 1.4% from the previous month and...

Central Storage & Warehouse Announces Cold Storage Expansion

Central Storage & Warehouse, a top Midwest cold storage and customized warehouse services provider, is pleased to announce the recent expansion of its Caledonia, Wisconsin facility.

The expansion was completed July 1, 2023, and added approximately 5,500 pallet positions to their existing Caledonia facility. Located roughly 20 miles south of Milwaukee and less than one mile from Interstate 94, this 40% increase in overall pallet capacity is positioned well given the high concentration of frozen food producers in southeastern Wisconsin and northern Illinois.

This enhancement will allow CSW to accommodate a greater volume of...

Cold Storage: End June Combined Meat/Poultry +1.2% on Month, -1.8% on Year

USDA monthly cold storage data released Tuesday showed combined meat and poultry stocks held in the nation's freezer warehouses at the end of June at 2.201 billion pounds, up about 1.2% from the previous month but 1.8% less than a year ago.

Pork and beef were below the previous month while chicken and turkey stocks were larger. Chicken and turkey were above their year-ago figures while pork and beef were smaller. The combined stocks were 2.8% below the five-year average of 2.264 billion pounds...

Pre-Report Estimates for May Cold Storage Show Total Stocks 1.7% Below Year Ago

USDA will release its monthly cold storage report at 3 p.m. Eastern time Friday. Bob Brown, a private analyst from Edmond, Oklahoma, provided his insight on what the upcoming report might show.

Frozen total meat and poultry stocks as of May 31^st are projected to be down 2.2% from the previous month. Overall supplies remain below year-ago levels. Brown predicts total meat and poultry stocks to be about 2.163 billion pounds.

Beef, pork, and chicken stocks are expected to be down versus the previous month...

Americold Files Current Report With SEC, Citing Cybersecurity Incident

Cold storage company Americold filed a Form 8-K with the Securities and Exchange Commission (SEC) last week, detailing a cybersecurity incident that impacted the company's operations. 

Form 8-K is the “current report” companies must file with the SEC to announce major events that shareholders should be informed of. 

According to the filing, Americold on April 26, 2023 “began to receive evidence that its computer network was affected by a cybersecurity incident. The Company immediately implemented containment measures and took operations offline to secure its systems and reduce disruption to... 

Leading Cold Storage Company Americold Targeted by Network Breach

Americold, the world’s largest publicly traded real estate investment trust (REIT) focused on temperature-controlled warehouses and value-added services, experienced a network breach last week.

The breach is impacting Americold’s operations including inbound and outbound services at numerous facilities. Deliveries and site functionality are reportedly varying from region to region.

Americold has shut down its network while the company investigates the security breach. The company has not yet released an official statement about the event. 

The cold storage mammoth is based in Atlanta, Georgia and owns 242 temperature-controlled warehouses...

Cold Storage: End March Combined Meat/Poultry Nearly Flat on Month, +4.3% on Year

Combined meat and poultry stocks held in the nation's freezer warehouses at the end of March were reported at 2.207 billion pounds, nearly flat with the previous month but 4.3% more than a year ago, according to USDA's monthly cold storage data released Tuesday afternoon.

The combined stocks were down 3% from the five-year average of about 2.275 billion pounds.

POULTRY

Chicken stocks were reported at 854.1 million pounds, down 1.1% from last month and nearly...

Pre-Report Estimates for Mar Cold Storage Show Total Stocks 4.2% Above Year Ago

USDA will release its monthly cold storage report at 3 p.m. eastern time Tuesday. Bob Brown, a private analyst from Edmond, Oklahoma, provided his insight on what the latest report might show.

Frozen total meat and poultry stocks as of March 31^st are projected to be down slightly from the previous month. Overall supplies remain above year-ago levels. Brown predicts total meat and poultry stocks to be about 2.204 billion pounds.

Pork, beef, and chicken stocks are expected to be down versus the previous month...

Major Food Production Center & Cold Storage Facility to Open in Missouri

West Liberty Foods, a leading protein processor, is opening a new food production facility in Kansas City, Missouri, attached to a supporting cold storage facility to be developed by Vertical Cold Storage. The companies are expected to invest a combined $199.6 million and create 583 jobs in the region.

“Missouri is home to nearly 400 food companies, and we are excited to welcome West Liberty Foods and Vertical Cold Storage to our state’s robust food and agricultural network,” said Governor Mike Parson...

Pre-Report Estimates for Oct Cold Storage Show Total Stocks 13.2% Above Year Ago

USDA will release its monthly cold storage report at 3 p.m. eastern time Tuesday. Bob Brown, a private analyst from Edmond, Oklahoma, provided his insight on what the latest report might show...

Strong Ham Prices Underpin Hog/Pork Prices in the Near Term

Slaughter is down almost 5% from 2019, exports to Mexico are record high, turkey prices are record high and cold storage inventory is down double digits. Expect ham prices to remain firm through the holidays this year.

Steiner and Company produces the Profit Maximizer report on behalf of National Pork Board based on information we believe is accurate and reliable. However neither NPB nor Steiner and Company warrants or guarantees the accuracy of or accepts any liability for the data, opinions or recommendations expressed.

Highlights
- Hog futures were sharply...

Fresh Pork Prices Trend Lower and Bellies Fail to Catch Up

The highest hog slaughter since early January and the increase in supply pressured pork prices lower overall, with retail product seeing the biggest impact.

Steiner and Company produces the Profit Maximizer report on behalf of National Pork Board based on information we believe is accurate and reliable. However neither NPB nor Steiner and Company warrants or guarantees the accuracy of or accepts any liability for the data, opinions or recommendations expressed.

Highlights
- Hog slaughter last week was the highest since early January and the increase in supply pressured pork...