Red meat, poultry stocks down in February

U.S. red meat and poultry stocks fell during February.

That’s thanks to solid demand canceling out larger monthly production for beef, pork, and chicken.

The USDA says red meat stocks on Leap Day 2024 dropped 13% on the year to 920.039 million pounds, with the beef and pork totals both down 12% at 442.751 million and 456.499 million pounds, respectively.

Pork included a 10% decrease in bellies, along with an 18% decline for hams ahead of Easter retail featuring, which also pulled lamb and mutton stocks lower.

Veal stocks were the lowest on record for the end of February.

Poultry stocks fell 5% to 1.121 billion pounds, with a 9% lower move for chicken to 788.051 million pounds canceling out a 4% higher move in turkey at 330.378 million pounds.

The USDA’s updated annual meat supply and demand projections are out April 11th.

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