LIVESTOCK MARKETS: Meat, poultry stocks lower than anticipated

Cheese stocks at record high for month; turkey hatchery output trending upward.

Total meat and poultry stocks held in U.S. cold storage warehouses on April 30, 2016, were 2.291 billion lb., coming in slightly lower than analysts' estimates. The total was  2.5% higher than the U.S. Department of Agriculture’s March stocks and 2.3% below last year, according to USDA's May “Cold Storage” report.

The report noted t

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