ANALYSIS: 2026 Frozen Beef Stocks Signal Accelerating Supply Contraction
In early 2026 January, frozen beef cuts opened at 40,401 klbs (+6.5% year-over-year), still positive, likely reflecting some pull-forward procurement ahead of tariff uncertainty. March crashed to 34,940 klbs (−7.9% YOY), the lowest March level in 5 years except for 2021. April partially recovered to 36,911 klbs but was still down −9.8% YOY, the largest YOY gap so far this year.
The Q1 2026 average (37,564 klbs) is effectively tied with...
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