Pre-Report Estimates for May Cold Storage Show Total Stocks 1.7% Below Year Ago
USDA will release its monthly cold storage report at 3 p.m. Eastern time Friday. Bob Brown, a private analyst from Edmond, Oklahoma, provided his insight on what the upcoming report might show.
Frozen total meat and poultry stocks as of May 31st are projected to be down 2.2% from the previous month. Overall supplies remain below year-ago levels. Brown predicts total meat and poultry stocks to be about 2.163 billion pounds.
Beef, pork, and chicken stocks are expected to be down versus the previous month...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required.
Password is required.