The latest US Cold Storage numbers reported pork stocks at 435.9 million pounds for October, down 25.7m pounds from September and 73.8m pounds under year-ago levels. Notably, September's cold storage amount was revised -0.2% lower from 462.8m pounds down to 461.7m pounds.
Hams in cold storage dropped seasonally, with hams overall typically falling from August or September until the end of the year. Total hams were down 36.1m pounds from September stocks and 8.1m pounds under the year previous. The other notable decline from last reported was recorded in bellies, down 1.7m pounds for October and brings current supplies 12.3m under last year. The latest monthly belly stocks are the lowest recorded since November 2021 at 25.2m pounds. Spare-ribs rose 8.6m pounds in October, bringing them 40.0m pounds under 2022 (an exceptional high period for the primal), while butts were up 3.4m pounds on the month however is down shy of a million pounds compared to a year earlier. Total loins in cold storage climbed 1.2m pounds from last reported, primarily due to increased quantities of bone-in loins, with loin stocks overall more than a half a million pounds under October 2022.
Beef in US cold storage rose 23.5 million pounds from the previous report, bringing beef stocks 65.9 million pounds under last year. Notably, current boneless beef stocks represent a 6-month low, falling 21.3m pounds in October and 57.7m pounds under the same month last year. Beef cuts climbed 2.2m pounds from September stocks, down 8.2m pounds compared to a year earlier.
Total chicken stocks were up 26.3 million for October with ‘other chicken’ accounting for nearly half of the increase, bringing current supplies 33.7m under a year earlier. Broilers, fryers and roasters slipped half a million pounds on the month and is 1.5m pounds under last year, while hens fell 1.7m pounds in October and is up 2.5m compared to a year earlier.
