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Lagging exports build meat, poultry cold storage stocks
Story Date: 5/24/2013
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Source: Rita Jane Gabbett, MEATINGPLACE, 5/23/13
Total poultry and red meat supplies grew in April as lagging exports left more to domestic consumption, according to the latest data from USDA’s Cold Storage report and an analysis of the numbers in the Daily Livestock Report.
Poultry
Total frozen poultry supplies on April 30, 2013 were up 11 percent from the previous month and up 8 percent from a year ago. Total stocks of chicken were up 8 percent from the previous month and up 11 percent from last year. Total pounds of turkey in freezers were up 14 percent from last month and up 5 percent from April 30, 2012.
According to the DLR, which is published by Steve Meyer and Len Steiner, Inc., breast meat supplies remained modestly below where they were a year ago but chicken wing inventories ballooned to 131 percent above a year ago.
Total red meat supplies in freezers were up 5 percent from the previous month and up 3 percent from last year.
Beef
Total pounds of beef in freezers were down slightly from the previous month and down 2 percent from last year. The DLR, however, noted these inventories were up 18.2 percent from the five-year average. Citing “anecdotal evidence” the DLR analysts said lean beef supplies appear to be heavier than a year ago while stocks of beef cuts were well below a year ago and the five-year average.
Pork
Frozen pork supplies were up 8 percent from the previous month, up 6 percent from last year and up 17.7 percent from the five-year average.
Lagging exports are a likely contributor, due to Russia’s ban on pork from hogs raised with the growth promotant ractopamine and reduced demand from China.
Stocks of pork bellies were up 10 percent from last month but down 25 percent from last year.
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