July 2026 total red meat and poultry stocks totaled 2.00 billion pounds, down 0.2 percent from June and 1.8 percent below July 2025 levels. The monthly decline contrasted with the typical 0.9 percent June-July increase and reflected a larger-than-seasonal drawdown in red meat inventories. Total red meat stocks fell 2.6 percent from June versus the average 1.5 percent decline but remained 1.7 percent above year-ago levels. Poultry stocks increased 1.7 percent for the month, slightly less than the typical 2.8 percent gain, and were 4.2 percent below July 2025. The report generally points to ...