Washington Report

With an increase in cold storage holdings of chickens in July and the forecast for greater broiler production in the third and fourth quarters, USDA’s Economic Research Service (ERS) is forecasting ending stocks to increase to 635 million pounds at the end of September and move even higher to 650 million pounds at the end of 2013, according to the “Livestock, Dairy and Poultry Outlook” report this week from ERS.