Along with the Hogs and Pigs report, USDA’s National Ag Statistic Service also released the November Cold Storage report on Monday. Total red meat supplies in the nation’s freezers as of November 30 were down two percent from October, but two percent more than one year ago. Total beef in freezers is up three percent from October, but seven percent less than one year ago. Frozen pork supplies are down six percent from October, but 13 percent more than a year ago. Pork belly stocks are up 14 percent from October and 40 percent more than last year.
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