Canadian Pork Stocks Remain Ample, Though Under 2022 Highs

Submitted by Suze Nolin on Fri, 10/20/2023 - 09:54

 

  • CDN Pork in cold storageIn the latest data, Canadian stocks of frozen and chilled pork for the third quarter fell 6,064 tonnes or -7.2% from the previous quarter. The quarterly decline reflects decreases in most pork categories, especially hams, unclassified pork and backs & shoulders. Compared to a year earlier, total Canadian pork stocks are down 11,294 tonnes or -12.6% under higher supplies recorded in 2022.
     
  • Quarterly ham stocks dropped 2,763 to 10,234 tonnes, down from the historical high reach the previous quarter and brings current stocks 932 tonnes over a year earlier. 
     
  • The category accounting for unclassified pork fell 1,486 in the latest quarter to 26,333 tonnes, down 4,462 tonnes from stocks recorded a year earlier.
     
  • Pork backs & shoulders declined 1,045 to 2,359 tonnes for the third quarter of 2023, down 1,026 tonnes or under last year.
     
  • Belly stocks slipped 42 to 5,507 tonnes, bringing current supplies 2,834 tonnes under last year and continues below more recent historical levels for this time. 
     
  • Pork loins fell 712 to 5,889 tonnes in the latest quarter, down 3,025 compared to a year earlier, while pork trimmings dropped 857 to 10,196 tonnes for Q3 and is 3,549 tonnes under stocks in 2022.
     
    CDN Pork in cold storage

    CDN hams in cold storage
    CDN bellies in cold storage