Red meat stocks drop as poultry stocks rise – Voice Of Muscatine

Red meat stocks drop as poultry stocks rise

U.S. red meat stocks on August 1st were sharply lower than last year.

The USDA says the red meat total of 922496 million pounds was 14% under a year ago due to a combination of slower slaughter rates caused by tighter ready numbers and solid demand. Beef stocks were 18% below the previous year’s monthly record at 420.101 million pounds, while pork stocks dropped 10% to 473.831 million pounds.

Poultry in cold storage was 4% higher at 1.289 billion pounds, including a 4% rise in chicken to 847.635 million pounds and 3% increase for turkey at 439.49 million pounds.

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