In the most recent USDA cold storage data, end-January pork stocks were reported at 428.5 million pounds, an increase of 8.1% from December but the lowest level for that month going back to at least 1999. The report showed pork holdings 6.3% below the year-ago figure.

Total frozen pork inventories in cold storage have remained at historically low levels since the height of the pandemic in Q2 2020, when drastically reduced hog slaughter levels coupled with soaring retail demand forced the industry to pull supplies from frozen inventory...

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Urner Barry
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