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Red meat, poultry stocks surge

 

The U.S. red meat supply in cold storage at the end of April 2015 was up sharply from the end of April 2014.

That’s likely because of increased pork production, the relatively high price retail price of beef, and a wet, cool weather pattern in many areas delaying the start of grilling season. The total amount of red meat in cold storage on April 30th was 1.220 billion pounds, 20% larger than a year ago, with beef at 476.702 million pounds, up 18%, and pork at 699.606 million pounds, 20% higher.

Poultry stocks also surged due to increased production and weather. Poultry totaled 1.165 billion pounds, 21% above last year, with chicken at 765.517 million pounds, 31% larger, and turkey at 394.382 million pounds, up 5%.

The next set of cold storage numbers is out June 22nd.