Nov 24, 2017 02:55 PM
Cold storage stocks of turkey were the largest since 2008 and 2009. That said, they aren’t record large, and have been following a very typical seasonal pattern. A big drop in inventory is expected by November 30, with a slight build typical for December. The larger problem for all of the meat markets is chicken. Frozen and chilled chicken stocks (surplus of production over disappearance) typically build into year end. They were already record large on October 31 at 868.3 million pounds.