Pork stocks in storage as of Feb. 28 totaled 636.693 million lbs., which came in just below expectations for 637.5 million pounds. This represents a 5% increase from the previous month and a 2% increase over year-ago. Stocks of pork bellies rose 17% from last month, but this tally was down 31% relative to year-ago. Also of note, bone-in picnics were up 27% from year-ago and up 29% from last month.
Frozen beef stocks at the end of February totaled 490.313 million lbs., which topped expectations by more than 14.4 million pounds. This represents a 1% increase from last month and a 4% increase over year-ago.
Poultry stocks as of February 28 totaled nearly 1.037 billion lbs., which represents a 9% increase over year-ago and a 2% increase over the month prior.
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