ANALYSIS: January Chicken Cold Storage Highlights Robust Demand Across Major Categories
Cold storage data for January reveals a generally robust call for chicken that directly correlates with the market conditions observed throughout the month. The overall picture shows inventory levels declining month over month (MOM) across all major categories, with total chicken stocks down 3.7% from December and 1.2% below year-ago levels.
Whole bird inventories present the most notable anomaly, showing a substantial 15.1% year over year (YOY) increase. Still, there was a 3.3% MOM decrease which contrasts with the five-year average trend of a 5.6% MOM increase from December to January in frozen holdings of whole birds. Last year's whole bird...
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