ANALYSIS: Frozen Pork Inventories Remain Low Despite Slight Increase
The USDA December Cold Storage report for 2024 frozen pork inventories indicated a 2.4% increase compared to November 2024. However, this rise still left overall frozen pork stocks 6.7% below December 2023 levels, suggesting a tighter-than-expected pork supply. Several factors likely contributed to this situation.
Firstly, pork production in 2024 was down 0.9% compared to 2023. Simultaneously, export demand remained robust throughout much of 2024, exceeding both year-over-year and ten-year average levels.
Data available through November 2024 shows weekly export totals consistently...
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