Cold storage stocks decline

by FoodBusinessNews.net Staff
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WASHINGTON — Cold storage meat stocks are on a downward turn according to the U.S. Department of Agriculture’s June 22 report. The monthly survey showed total stocks of pork, beef, chicken and turkey meat accumulated in refrigerated warehouses were 1.895 billion lbs, 12.4% lower than on May 31, 2006, and 12.0% lower than the 2002-06 average.

Supplies of pork products in cold storage declined with levels comparable to last year and the five-year average. Total pork supplies were 490.6 million lbs, 2.9% higher than a year ago and 0.3% higher than the five-year average. Pork belly stocks were at 57.2 million lbs, 2.7% lower than a year ago and 1.3% lower than the five-year average.

On the positive side, ham stocks were 97 million lbs, 33.4% higher than a year ago and 8.6% higher than the five-year average. Boneless ham stocks were 66% higher than last year while stocks of bone-in hams were 15% higher. Pork trimmings were 47.8 million lbs, 22% higher than last year.

Total beef supplies in cold storage also slipped, coming in at 410.6 million lbs, 8% lower than the previous year but 5% higher than the five-year average. Boneless beef stocks were 8.2% lower than last year while stocks of bone-in beef were 6.2% lower than last year.

Chicken stocks as of May 31 were 594.5 million lbs, 23% lower than a year ago and 18% lower than the five-year average. Chicken supplies remain constant and the slight increase in production isn’t backing up in freezers.

Turkey stocks were 399.7 million lbs, 14.3% lower than a year ago and 27.1% lower than the five-year average.

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