National Ag News

The USDA reports red meat supplies in cold storage at the end of October were down on the year. Pork was lower than what some analysts were expecting, at 597.295 million pounds, slightly below a year ago, even with record monthly highs for loins and boneless hams, while beef was actually above some estimates at 506.931 million pounds, but still posting a 5% year to year decrease. Monthly out-movement, from September 30th to October 31st, for both was slower than normal because of record pork production and higher than a year ago beef production, so while demand is generally good, there are plenty of supplies to work through, with more ample market ready numbers expected in the coming months.

Continue reading Red meat in cold storage down, chicken and cheese up at Brownfield Ag News.