ANALYSIS: Frozen Pork Supplies Plummet to Monthly Record Lows
The latest USDA Pork Cold Storage Report reveals that frozen pork supplies reached record monthly lows in February. Stocks decreased by 1% from the previous month and declined by 12% compared to last year. The most significant declines were observed in boneless hams, boneless loins, ribs, trimmings, and bellies, which experienced month-over-month decreases.
This reduction in frozen stocks can be partly attributed to increased demand during the third and fourth quarters of 2023 from regions impacted by Prop 12, ahead of the January 1, 2024, deadline...
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