Analysts: Chicken stocks worrisome

Analysts: Chicken stocks worrisome

Largest contributor to higher chicken stocks was in "other" category.

Cold storage stocks were higher year over year for beef, pork and chicken in the latest U.S. Department of Agriculture “Cold Storage.” Len Steiner and Steve Meyer noted in the “Daily Livestock Report that the increase in chicken inventories is particularly worrisome.

According to Steiner and Meyer, the latest USDA “World Agricultural Supply & Demand Estimates” report forecasted 2016 broiler production at 40.586 billion lb., 2.5% higher than the previous year.

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