ANALYSIS: Chicken Cold Storage: A Mid-Quarter Juxtaposition
The latest chicken Cold Storage Report can best be characterized as erratic. Categories such as breasts and breast meat, for instance, posted a record seasonal high during May, whereas other segments such as leg quarters, vacated the freezers at an above-average rate; ultimately hitting the second-lowest seasonal level realized in a decade.
A bird’s eye perspective reveals a 10%, or 75.1 million pound, year-over-year (YoY) advance in chicken holdings last month. This represents the sixth-highest seasonal level realized in nearly thirty years. For those in the industry...
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