USDA’s Cold Storage Report showed beef stocks totaled a June record of 516.2 million lbs., up 9.9 million lbs. (1.9%) from May. Over the past five years, beef stocks have declined an average of 3 million lbs. during June. Beef inventories topped year-ago by 114.7 million lbs. (28.6%) and the five-year average by 96.1 million lbs. (22.9%).
Pork stocks totaled 541.0 million lbs., down 5.1 million lbs. (0.9%) from May, though the five-year average has been a 25.8-million-lb. decline during the month. Pork stocks topped year-ago levels by 99.1 million lbs. (22.4%) and the five-year average by 12.5 million lbs. (2.3%).
Poultry stocks totaled 1.189 billion lbs., up 59.5 million lbs. (5.3%) from May and 42.4 million lbs. (3.7%) more than last year.