End of March beef stocks at record monthly high

Beef in cold storage ended March at record levels.

The USDA says beef stocks were 536.887 million pounds, up 11% on the year due to record monthly production and slower demand, at least partially because of high prices. That included an all-time monthly high for boneless beef.

Pork came out at 487.19 million pounds, a jump of 8%, despite a year-to-year decline in production.

Total red meat supplies were 1.051 billion pounds, 8% above a year ago.

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