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...
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