PORK SUPPLIES SET RECORD IN AUGUST
WASHINGTON, D.C. -- Pork supplies set a record in August due in part to a slowdown in exports, but low prices sparked U.S. consumers to buy enough pork to prevent a much larger buildup, according to a report released by the Agriculture Department on Tuesday.
The supply of chicken declined in August from July and August of last year, due to improving exports, despite comments from China and Russia that they may slow or stop such purchases.
U.S. warehouses held 517.9 million pounds of frozen pork on Aug. 31, exceeding last year's August record of 502.7 million pounds, according to USDA. It was the fourth consecutive monthly record for pork stocks.
USDA reported 642.25 million pounds of chicken were in storage at the end of August, down 6 percent from July and down 15 percent from a year earlier.