The USDA says red meat supplies in cold storage at the end of January were above year ago levels.
That’s due to a combination of higher red meat production in January of this year and slightly slower than anticipated demand.
The red meat total was up 9% on the year at 1.079 billion pounds, that included 532.733 million pounds of beef, 1% higher, and 517.727 million pounds of pork, an increase of 19%.