USDA's Cold Storage Report showed pork stocks in frozen storage at the end of October at 606.175 million lbs., which bested the October 2008 record of 528.031 million lbs. in storage, but came in well shy of the average pre-report trade guess of 632.5 million pounds. Pork stocks were down 3.8% from September, but 24.0% above year-ago.
Beef stocks at the end of October totaled 423.799 million lbs., which was just above the average, pre-report trade guess of 420.2 million pounds. Beef stocks were 0.3% below September, but 1.6% above October 2011.
Total poultry stocks at 1.104 billion lbs. came in 6.1% under September and 0.2% under September 2011 inventories.