The USDA's latest Cold Storage report, released on Feb. 22, showed total meat supplies in freezers up 13 percent from the previous month and up 7 percent from last year. Frozen pork supplies were up 21 percent from the previous month and up 8 percent from 2011. Stocks of pork bellies were up 29 percent from last month and up 5 percent from last year.

Total pounds of beef in freezers were up 5 percent from the previous month and up 4 percent from last year.

Total frozen poultry supplies on January 31, 2012 were up 8 percent from the previous month but down 11 percent from a year ago. Total stocks of chicken were down 3 percent from the previous month and down 21 percent from last year. Total pounds of turkey in freezers were up 41 percent from last month and up 17 percent from January 31, 2011.