Cold storage supplies on June 30, 2005 were greater than year earlier levels for pork. Total red meat supplies in freezers were up slightly from last month, and up 7 percent from last year. Frozen pork supplies were down 4 percent from last month, but up 32 percent from the previous year. Stocks of pork bellies were down 14 percent from last month, but up 90 percent from last year.
These large amounts of cold storage supplies could mean that demand is softening or that the industry is producing too much pork. The June Hogs& Pigs report didn’t indicate any major expansion plans, but the industry is still on course to have a record-setting year for production levels. With market hog weights on the high side, it’s even more important to increase exports to help reduce cold storage levels.
To read the entire cold storage report, go to: http://www.usda.gov/nass/PUBS/TODAYRPT/cost0705.txt