Red meat in cold storage lower, poultry mixed

U.S. red meat in cold storage fell during April.

The USDA says the red meat total at the start of May was 955.905 million pounds, 9% below a year ago, largely due to solid demand as monthly production was up sharply from last year.

Beef in cold storage was 5% lower on the year at 430.683 million pounds and pork had a drop of 8% to 501.279 million pounds.

The poultry numbers reflect mixed demand, with the total 1.38 billion pounds 6% under the prior year, with a 10% year-to-year decline for chicken to 743.819 million pounds partially canceled out by a 6% increase for turkey to 390.598 million pounds.

The USDA’s next round of red meat and poultry supply, demand, and production numbers is out June 12th.

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