ANALYSIS: US Boneless Beef Cold Storage Declines Despite Increasing Shipments Overseas
Boneless beef cold storage stocks stood at 376.9M lbs in April, according to the latest USDA cold storage report. This figure represents a decline of 10.3M lbs from March and 9.9M lbs from the previous April.
Seasonally, cold storage levels tend to drop heading into the summer as grilling season begins and consumer demand for beef rises. This year, April recorded the lowest boneless beef cold storage figure for the month in the past decade.
Meanwhile, US imports of boneless beef surged in April...
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