Total red meat supplies in US cold storage as of Dec. 31 were up about 1% from a month earlier and up 5% from a year earlier, said the USDA’s National Agricultural Statistics Service in its monthly Cold Storage report.
Total frozen poultry supplies at the end of December were down about 1% from a month earlier but up 1% from a year earlier, NASS said in the same report.
BEEF SUPPLIES MIXED
Total pounds of beef in the freezers came to 481.012 million pounds, up 2.751 million, or 0.58%, from 478.261 million the previous month but down 14.612 million, or 2.95%, from 495.624 million a year earlier.
Boneless beef stocks in cold storage Dec. 31 totaled 450.908 million pounds, up 5.379 million, or 1.21%, from 445.529 million a month earlier but down 11.164 million, or 2.42%, from 462.072 million a year earlier.
Stockpiles of beef cuts in cold storage amounted to 30.104 million pounds, down 2.628 million, or 8.03%, from 32.732 million a month earlier and down 3.448 million, or 10.3%, from 33.552 million a year earlier.
PORK SUPPLIES UP
Frozen pork supplies totaled 580.904 million pounds, up 6.064 million, or 1.05%, from 574.840 million the previous month and up 75.617 million, or 15.0%, from 505.287 million last year.
Stocks of pork bellies, at 68.015 million pounds, were up 13,599 million, or 25.0%, from 54.416 million a month earlier and up 25.764 million, or 61.0%, from 42.251 million a year earlier.
The stockpile of hams in cold storage came to 84.981 million pounds, down 25.654 million, or 23.2%, from 110.635 million a month earlier but up 11.863 million, or 16.2%, from 73.118 million a year earlier.
The volume of pork loins in cold storage totaled 49.651 million pounds, up 932,000, or 1.91%, from 48.719 million at the end of November but up 15.559 million, or 45.6%, from 34.092 at the end of December 2018.
CHICKEN STOCKS MIXED
Total stocks of chicken were 962.255 million pounds, down 17.068 million, or 1.74%, from 979.323 million the previous month but up 80.629 million, or 9.15%, from 881.626 million last year.
Whole chickens on ice amounted to 20.414 million pounds, down 2.423 million, or 10.6%, from 22.837 million a month earlier but up 2.702 million, or 15.3%, from 17.712 million a year earlier.
Chicken breast meat in freezers totaled 216.664 million pounds, up 9.736 million, or 4.71%, from 206.928 million a month earlier and up 28.353 million, or 15.1%, from 188.311 a year earlier.
Leg quarters on ice totaled 81.588 million pounds, down 16.620 million, or 16.9%, from 98.208 million a month earlier but up 20.153 million, or 32.8%, from 61.435 million a year earlier.
TURKEY STOCKS MIXED
Total pounds of turkey in cold storage on Dec. 31 were 233.147 million, up 11.151 million, or 5.02%, from 221.996 million a month earlier but down 69.616 million, or 23.0%, from 302.763 million a year earlier.
CATTLE, BEEF RECAP
Cash cattle trading in the Plains this week was at $123 to $127 per cwt, down $1 to up $2.50 from last week. Dressed-basis trading was at $198 to $199.50 per cwt, steady to up $0.50.
The USDA choice cutout Thursday was up $0.36 per cwt at $215.32, while select was off $0.82 at $211.20. The choice/select spread widened to $4.12 from $2.94 with 99 loads of fabricated product sold into the spot market.
The CME Feeder Cattle index for the seven days ended Wednesday was $144.86 per cwt, down $0.31. This compares with Thursday’s Jan contract settlement of $142.77, down $1.15 and the Mar close of $140.52.