ANALYSIS: Chicken Cold Storage Contracts in April
The most recent Cold Storage Report shines light on the near-universal year-over-year (YoY) retreat of frozen inventory levels across much of the chicken complex. Although monthly comparisons also trekked lower in April, several items bucked the established 5-year trend.
Total public warehouse stocks through the end of the month touched on 743.8 million pounds. This represents a 10.3% reduction from a similar period back in 2023, while also marking the third-lowest seasonal reading in a decade. This downturn closely aligns with April's relatively...
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