ANALYSIS: Frozen Beef Inventory Continues to Decline; Pork Stocks Edge Higher
The USDA separates total beef stocks into two categories: boneless and beef cuts. The bulk of last month's decline came from boneless cuts, which were down 6.9% month-over-month and 16.6% under last year. Beef cuts, meanwhile, were about even with the month prior but 7.6% under April 2022.
Total frozen beef cold storage inventory continues to follow seasonal norms so far this year but is declining at an accelerated pace versus the prior five-year average. Typically, frozen beef stocks hit their annual low during June since...
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