National Ag News

The USDA’s latest cold storage report shows solid demand for pork.

At the end of July, pork supplies were down 7% on the year at 556.179 million pounds and lower than what many analysts were expecting as strong consumer and export demand cancel out record production levels. Belly stocks stole the show again, dropping 65% on the year to a new monthly low of 17.554 million pounds. Beef stocks were 8% below a year ago at 430.429 million pounds, but still larger than most pre-report estimates, with the month to month increase well above the five year average.

Continue reading Pork, beef stocks down on year at Brownfield Ag News.