March 2023 total red meat and poultry stocks were down from February but were 4.3 percent greater than March 2022 as the industry continues to rebuild stockpiles. Total red meat supplies fell 0.94 percent as a sharp decline in beef stocks was offset by larger pork stocks. Total poultry inventories rose 0.6 percent from February, slightly below their normal seasonal increase, and were up 8.9 percent year-over-year. Total beef stocks were down 3.9 percent from February and fell below the five-year average. Pork stocks were up 2.4 percent from February, a significant gain during a month when stocks usually fall 2.2 percent. The larger than typical gain in pork inventories may signal that demand is starting to weaken in 2023.    ...

TAGS – Livestock, North America