ANALYSIS: US Pork Inventories Remain Elevated as Demand Struggles to Absorb Available Supplies
According to the USDA’s latest Cold Storage report, released Friday, October 23, US pork inventories declined modestly during September but remained above year-earlier levels. Total pork stocks reached 427.8 million pounds, down 0.8% month over month (MOM) but up 8.8% year over year (YOY). The monthly decline reflected reductions in belly, trimmings, and variety meat stocks, partially offset by increases in loin, butt, and rib stocks...
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