US frozen meat inventory rises as production grows

31.07.2018

Total inventory of frozen beef, pork, poultry and turkey in the US rose to about 2.52 billion pounds in June 2018, from 2.38 billion pounds the year before. The cold storage data released by the US Department of Agriculture’s National Agricultural Statistics Service showed stockpiles for whole frozen chicken, drumstick and paws reached a record high in June. Analysts said a surge in supply is a signal that trade disputes are eroding demand. Both chicken thighs and paws are favourite delicacies for Chinese consumers.

The US Department of Agriculture forecasts the domestic livestock industry will produce a record 102.7 billion pounds of meat this year, thanks to declining feed cost.
 

 

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