Beef stocks in cold storage drop

Beef is a bright spot in the latest round of cold storage numbers.

The USDA says beef stocks at the end of April were 447.984 million pounds, 16% below last year, with solid demand and tighter ready numbers contributing to the decline.

Pork came out at 565.479 million pounds, up 6% on the year, partially due to less consistent demand.

That drop in beef canceled out the rise in pork, leaving red meat in cold storage at 1.04 billion pounds, 5% under a year.

Poultry stocks were reported at 1.201 billion pounds, 9% above a year ago, with an 8% increase in chicken to 830.29 million pounds and 11% jump in turkey to 367.952 million pounds.

The USDA’s next round of annual meat production estimates is out June 9th.

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