News

Red meat, poultry stocks up in April

U.S. red meat and poultry supplies moved higher in April.

The USDA says the total amount of red meat in cold storage jumped by 16% to 1.089 billion pounds, with an 18% rise in beef to 531.728 million and 16% increase for pork to 530.244 million, indicating slower demand following a year-to-year decrease in production.

Poultry in cold storage was 1% higher at 1.104 billion pounds with a 7% gain in chicken supplies to 770.320 million cancelling out an 8% loss for turkey at 331.839 million pounds. That total for turkey included record monthly lows for breasts, legs, and mechanically deboned meat.

The USDA’s next set of supply and demand estimates is out June 10^th.