date:Jun 26, 2015
this point we view the large stocks as generally bearish for meat prices, particularly for pork and chicken. Production for these two species will remain notably higher than year ago levels into the summer and fall.
Exports have been particularly problematic for chicken dark meat and that continues to be reflected in the cold storage numbers.
Below are some of the highlights from the USDA's Cold Storage report:
Beef: Inventories of boneless and bone-in beef in cold storage at the end of May we