October 2023 total red meat and poultry stocks were down sharply from September and were 6.4 percent below October 2022 as beef, pork, and chicken stocks continue to tighten. Once again, the big shock from the report was the decline in beef and pork supplies that pulled red meat stocks down 13.7 percent from October 2022. Total poultry meat inventories fell 6 percent from September, slightly less than their normal seasonal decrease, and were up 0.2 percent year over year (YoY). The report again highlights the diverging trends for red meat and poultry markets with chicken and turkey supplies remaining steady or increasing on industry expansion while multi-year declines in beef and hog herds continue to tighten supplies...

TAGS – Livestock, North America