ANALYSIS: U.S. Beef Cold Storage Hits a 52-Week Low
According to the latest USDA beef cold storage report, the total volume of beef in cold storage has experienced a significant decline in August, with an almost 2% drop month-over-month. This decline has brought the current storage volume to its lowest level in three years. Notably, boneless beef has seen a decrease of 1.13%, while beef cuts have experienced a more pronounced reduction of 7.48%. This considerable decline in beef cuts suggests that the overall change in total beef inventory is closely aligned with the trends...
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