Red meat, poultry in cold storage in rapid growth
Beef in cold storage ended August at record levels.
The USDA says beef stocks were 515.676 million pounds, up 24 percent from a year earlier, after a record month for commercial beef production. The bulk was boneless beef, also a record for the month at 463.78 million pounds. Pork came out at 532.039 million pounds, up 17 percent from a year ago, with commercial pork production also up a year. The pork total included a monthly record for ribs. Red meat totaled £1.08bn, up 20% on August 2021.
Chicken stocks were reported at 831.494 million pounds, up 17 percent, and turkey was pegged at 431.669 million pounds, up 1 percent, with poultry totals at 1.265 billion pounds, an 11% gain over last year.
The amount of meat in cold storage is subject to many factors, including retail, but is largely influenced by production and demand.
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