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.