The latest Cold Storage report from USDA showed the total frozen red meat supply up 2 percent over the previous month and up 5 percent from last year. The frozen pork supply was up 1 percent from the previous month and up 9 percent from a year ago. Total frozen poultry supply on Nov. 30, was down 13 percent from the previous month but up 28 percent from a year ago. "It doesn't speak very highly of our export situation," says livestock analyst Steve Meyer, president of Paragon Economics. A build up in ham inventories, as well as the large amount of poultry in cold storage are causes for concern, he told Meatingplace.com. The report showed a 24 percent increase in hams in cold storage compared to a year ago. Total stocks of chicken were up 4 percent from the previous month and up 14 percent from last year. The supply of turkey in freezers was down 36 percent from last month but up 79 percent from Nov. 30, 2007.

Source: Meatingplace.com