Pork supplies in cold storage as of March 31 declined 1.1 percent  from February, according to Meatingplace.com. The information came from USDA's Cold Storage report and also showed further reductions in chicken and beef stocks.

The pork decline surprised analysts Steve Meyer and Len Steiner, who report that pork stocks normally grow until April or May in their Daily Livestock Report.

"A decline in March and then the short slaughter weeks of the past two weeks point to the potential that pork inventories could fall sharply by May 1," they say.

According to USDA, total red meat supplies in freezers fell 11 percent from last year, while frozen pork supplies were down 14 percent from last year.

Source: Meatingplace.com