Post

Red meat supplies down 10% on year

According to USDA, red meat supplies in cold storage at the end of July were down 10% on the year at 933.788 million pounds. That follows year to year declines in slaughter rates noted by the Ag Department’s commercial red meat production numbers. Beef came out at 366.549 million pounds, a 21% drop from last year, and pork stocks were 529.250 million pounds, 3% lower than a year ago.

Poultry was pegged at 1.106 billion pounds, down 14% on the year, with chicken at 612.605 million pounds, 13% less than last year, and turkey at 491.116 million pounds, a 16% decline.