The combined inventory of red meat and poultry in cold storage at the end of January was 2.374 billion pounds, that’s 102.4 percent of a year earlier and more significantly, 106 percent of the five-year average. Beef was 96 percent of a year ago. The build-up came from pork and broilers.
Pork in cold storage at the end of January was 625.188 million pounds, or 111 percent of last year and was just short of the monthly record set in 2016. Stocks were 108 percent of the five-year average. Pork inventory in cold storage was higher than year-ago levels for six months of 2019 – including all of the last quarter.
Chicken inventories did set a record; the amount of chicken in cold storage was 957.492 million poun...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
