Beef, chicken, pork in cold storage up on year
U.S. red meat and poultry in cold storage at the end of October were above year ago levels. That followed aggressive marketing of cattle, hogs, and chickens during the month. Several turkey categories notched record lows partially due to retailers preparing for Thanksgiving.
The USDA says red meat in cold storage totaled 1.052 billion pounds, 11% above a year ago, with an 8% rise for beef to 509.949 million pounds and a 16% jump in pork to 511.056 million. The pork total did include a record monthly low supplies of bone-in hams.
Poultry came out at 1.159 billion pounds, up 9% on the year with an 18% increase for chicken at 891.686 million mostly canceling out a 12% decrease in turkey to 265.857 million pounds. For turkey, monthly record lows were hit in toms, hens, total whole turkeys, breasts, legs, and mechanically deboned meat.
The USDA’s next set of supply and demand estimates is out December 9th.