The USDA says beef in cold storage at the end of September 2018 was up on the year, but by less than what some analysts were expecting heading into the report.
Frozen beef supplies were reported at 508.560 million tons, 3% more than a year ago and up sharply from the five-year average, but with a smaller than average monthly build-up. Export demand has been slowed down by trade tensions and the rate of slaughter has been relatively high, but those have apparently been limited by good domestic demand.
Continue reading USDA reports record high poultry supplies at Brownfield Ag News.
