ANALYSIS: Chicken Cold Storage Chills Out in July: Stocks Dip from Last Year
Despite July’s modest 1.5% uptick in cold storage holdings when compared with June, at 757.1 million pounds, chicken inventory levels still managed to close the month at the third-lowest seasonal level realized in at least a decade.
When compared with 2023, total warehouse stocks retreated by a significant 10.5%, or 88.5 million pounds. This ongoing slump in frozen holdings aligns closely with this year’s generally consistent level of buying engagement, especially for key lines such as boneless breasts, along with a cumulative downturn in overall...
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