Red Meat in Cold Storage Remains Lower

The U.S. Department of Agriculture has released its latest “Cold Storage” report, showing that total red meat supplies in freezers on Sept. 30, 2020, were up 1% from the previous month but down 13% from last year. Frozen pork supplies were up slightly from the previous month but were still sharply lower than last year’s levels, down 22%. Stocks of pork bellies were down 20% from last month and down 39% from last year. What about beef? Read more here.