ANALYSIS: Frozen Chicken Inventories: Up, Down & Sideways
Given this year’s cumulative ready-to-cook production stats, which stand at record levels, it isn’t very surprising that total inventory volume is 8.1% above this time in ’22. When compared to March, however, net outward movement amounted to 22.86 million pounds or -2.7%. This represents about 2.4 points less than what the 5-year average suggests during a similar period.
Digging into the whole bird category, frozen holdings were slow to exhibit much change during April; at least from a percentage standpoint. At just 12.56 million pounds...
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