Total red meat supplies in freezers declined in November, down 2 percent from October's levels, and 3 percent less than in November 2004, according to USDA's Cold Storage Report.
Specific to pork, frozen supplies in November fell 3 percent from October and 1 percent lower than in November 2004. Pork belly stocks were up 89 percent from October, which is typical as the seasonal increase in hog slaughter provides more bellies. Compared to November 2004, however, supplies declined 16 percent, which shows continued good bacon usage. .
As for competing meats, total frozen poultry supplies at the end of November were down 12 percent from the previous month, but up 1 percent from a year ago. Total chicken stocks were up 8 percent from October and 13 percent higher than last year. Total pounds of turkey in freezers were down 52 percent from October and down 32 percent from Nov. 30, 2004.
On another note, remember, USDA releases the December Hogs and Pigs Report on Dec. 28.