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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.
Highlights- Hog slaughter last week was the highest since early January and the increase in supply pressured pork...
New Cold Storage Facility in SoCal Lands Safe Quality Foods Certification
West Coast Cold Storage, a Southern California-based food-grade warehousing service provider, attained Safe Quality Foods (SQF) certification for their new state-of-the-art facility.
The woman-owned facility boasts 124,000 Sq. Ft. of space and wrapped up the SQF auditing processing within six months of starting operations. The facility garnered a 97 out of 100 in its first audit.
The certification was administered by the Food Marketing Institute and recognized by the Global Food Safety Initiative (GFSI), the company shared in a press release...
Performance Team to Open Cold Chain Facility in South Carolina, Adds Capacity to Move More Protein
Performance Team, a company under shipping giant Maersk, will open a cold storage facility in South Carolina that is set to begin operations in Q1 2023.
The new facility will reach 80 million consumers within one day and 225 million consumers within two days, per a Maersk press release. According to American Shipper, the facility is designed to move imports of proteins, fruits and vegetables.
The publication quoted Mike Meierkort, head of logistics and services for Maersk North America, during a groundbreaking ceremony in Charleston...
Lineage Logistics acquires Cold Storage Nelson for major expansion into New Zealand
Lineage Logistics, LLC., the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has acquired leading New Zealand cold storage business, Cold Storage Nelson Limited (“CSN”). Financial terms of the transaction were not disclosed.
“CSN has industry-leading skills in inventory control, compliance and traceability,” Mr. Jeff Rivera, Lineage’s Global Chief Operations Officer, said. “CSN’s facilities, combined with our industry-leading technology and innovation, will assist New Zealand customers to navigate increasing supply chain demands in New Zealand and internationally..."
Latest Maersk Cold Storage Facility Set to Open in New Jersey This Fall
A cold storage facility serving both imports and exports of fish, poultry, beef, pork, fruits and vegetables will open in Dayton, New Jersey in October, Performance Team – A Maersk Company, announced on June 6.
Maersk explained that end-to-end supply chain solutions are made by the company’s Oceans services calling APM Terminals Elizabeth, New Jersey that can be integrated with Maersk Customs Services, USA Inc. customs clearance expertise and Performance Team – A Maersk Company’s 60+ warehouses and Transportation services - designed to serve storage, fulfillment...
Lineage Logistics Named to CNBC Disruptor 50 List for Second Year in a Row
Lineage Logistics appeared on CNBC Disruptor 50 list in back-to-back years the company announced on May 17. The company landed on the #3 spot after debuting at the #17 spot in 2021.
CNBC’s list displays the 50 fast-growing private companies in a number of industries.
Companies named as a CNBC Disruptor 50 are selected by CNBC and CNBC.com editorial staff using a proprietary blend of quantitative and qualitative information submitted by more than 1,400 nominated companies, Lineage shared in a press release...
Lineage Logistics’ Latest Acquisition Sets Groundwork for Significant Singapore Expansion
Cold storage giant Lineage Logistics has made another acquisition. This time the company has bought Mandai Link Logistics (“Mandai”), marking the Company’s market entry into Singapore.
Lineage said the financial terms of the deal were not made public, but the move sees Lineage acquire the market leader in Singapore for the provision of cold storage services and automated operations.
“Mandai established Singapore’s first fully automated cold storage facility and has been long considered a local market leader in the provision of cold storage warehousing and distribution services,” Jeff Hogarth...
Lineage Logistics Expands Footprint in Canada Through Latest Acquisition
Lineage Logistics announced the acquisition of VersaCold Logistics Services, a Canadian cold chain solution provider from TorQuest Partners (“TorQuest”) and its co-investment partners, The Investment Management Corporation of Ontario (“IMCO”) and OPTrust on April 13.
VersaCold was founded in 1941 and has grown to run 24 temperature-controlled facilities comprising 114 million cubic feet of storage and 361,000 pallet positions. Its network spans nine provinces and features facilities in some of the key metropolitan markets in the country.
“Our acquisition of VersaCold represents yet another...
Lineage Logistics Next-Generation Automated Cold Storage Facility to Provide Food Chain Hub for JBS
Lineage Logistics, LLC, the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced the construction of a next-generation automated cold-storage facility in Windsor, Colo., on behalf of JBS USA, a leading global food company.
Lineage designed an automated facility spanning more than 200,000 square feet that will provide JBS with expanded blast freezing and storage capacity, as well as rail access to support the shipment of export products to ports located on the West Coast. The facility...
State of the Market Episode 27: Pork Cold Storage
Introducing State of the Market First Timer, Ryan Hojnowski! Laura and Ryan, our newest pork market analyst, walk through the state of cold storage for the pork market, all-time hog prices, competing proteins, disease issues, and more!
ANALYSIS: Turkey Cold Storage: A Post-Holiday Peek into the Freezers
As turkey market participants eagerly dig through November’s Cold Storage Report, they find that most of the final figures serve to reinforce what they already know: Inventory levels remain constricted...
This Week in Retail: Seafood Features Are Ablaze Amid the Holidays
With Christmas at our doorstep, some households are stocking up on last-minute gifts, along with food for those hosting holiday meals.
Just ahead of the holiday, seafood climbed to the top spot among protein ads this week with 29.5 percent. Beef comes in second with 25.9 percent of total protein ad volume, followed by pork with 21.6 percent. Chicken makes up 4.7 percent, compared to 5.7 percent the previous week. Turkey features increased to 16.8 percent, up from 12.2 percent last week...
Protein Markets Contend with More Than Just "Seasonal" Issues Heading Into Q4
ANALYSIS: Shell Egg Prices Crack New Record Highs Amid Strong Demand, Depleted Inventories
This Week in Retail: Seasonal Trends Start to Shift
Urner Barry Releases September Soy & Wheat Report
Urner Barry Releases September Pulse Protein Report