July 2023 total red meat and poultry stocks were down from June and were 4.2 percent below July 2022 as beef and pork stocks continue to tighten. Once again, the big shock from the report was the decline in beef supplies that pulled red meat stocks down 13.5 percent from July 2022. Pork stocks were sharply lower as well and declined 10 percent year-over-year (YoY). Total poultry meat inventories fell 0.8 percent from June, below their normal seasonal increase, and were up 3.8 percent YoY. The report highlights the diverging trends for red meat and poultry stocks with poultry supplies increasing on industry expansion while multi-year declines in beef and hog herds are tightening supplies.    ...