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Red meat stocks down on the year, poultry up

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Domestic red meat stocks at the end of August were down 3% on the year at 1.130 billion pounds. That was up 1% on the month, but still indicates strong demand after record commercial red meat production in August. Beef stocks were up 1% on the year at 476.619 million pounds, while pork stocks were down 7% at 607.254 million, despite a 132% increase in bellies to 31.892 million pounds.

The poultry total of 1.315 billion pounds was up 4% on the year, with chicken down 1% to 773.708 million pounds and turkey 11% higher at 531.371 million pounds. U.S. poultry production in August was a new all-time high for the month.

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