USDA's Cold Storage Report showed record end-of-November pork stocks of 558.035 million lbs., but that was much lighter than the average pre-report guess of 589.3 million pounds. Pork stocks came in 7.5% under month-ago, but 12.7% above year-ago.
Beef stocks in storage at the end of November totaled 441.041 million lbs., which was 2.5% above October, but 0.6% under year-ago. Beef stocks were higher than the average pre-report trade guess of 428 million pounds.
Poultry stocks at the end November totaled 934.151 million lbs., down 15.7% from month-ago, but 10.2% above November 2011.