Post

Red meat stocks rise 5%

beef-meatcase

According to USDA, total red meat stocks in cold storage at the end of January 2015 were 1.131 billion pounds, up 5% from January 2014.

Beef came out at 490.937 million pounds, 14% more than a year ago, and also the largest increase for the month of January on record. That’s as slowing consumer and export demand canceled out a lower slaughter pace.

Pork was pegged at 596.532 million pounds, 4% less than last year, but above trade expectations.

Poultry totaled 1.013 billion pounds, 5% larger than a year ago, with chicken at 730.099 million pounds, up 6%, and turkey at 279.901 million pounds, up 1%.

USDA’s next set of cold storage estimates is out March 23rd.

Add Comment

Your email address will not be published.


 

Stay Up to Date

Subscribe for our newsletter today and receive relevant news straight to your inbox!