Cold storage red meat supplies remain tight
Pork in cold storage in March was 26.8% lower than the same period last year
via Supermarket News - Apr 29, 2021
The USDA released its April “Cold Storage” report last week, revealing that total red meat supplies remain tight at 969.3 million pounds on March 31, 2021, down 6.0% from the prior month and 16.6% lower than a year ago.
Pork in cold storage, at 451.8 million pounds, was down 26.8% from the same period last year and down 26.0% below the five-year average. The Livestock Marketing Information Center (LMIC) said each product category posted year-over year-declines, except for bone-in loins which rose 10.0% to 21.4 million pounds. Bellies showed the sharpest decline, down 54.9% decline from last year to 35.3 million pounds. Total hams in storage were 60.7 million pounds, down 31.3% from last year and 34.2% lower than last month. LMIC said the decline was likely the result of an earlier Easter this year. Spareribs, butts, and picnic were at 101.4, 18.7, and 7.5 million pounds, respectively, down 23.5%, 32.3%, and 30.2%, respectively.
Total beef in cold storage dropped 5.6% in March, to 483.7 million pounds. This was also 3.7% lower than 2020...