Dwindling February US pork, beef stocks hints of strong demand ahead

U.S. pork in cold storage in February posted the smallest gain for that month in nine years, according to Tuesday’s U.S. Department of Agriculture cold storage report. The data also showed total beef stocks last month dipped for the first time from the previous year since November 2014. Analysts attributed the modest pork stocks rise to decreased pork production and solid bacon demand. They added that the beef sector is finally working through product that had piled up over several months, partly due to last year’s West Coast port dispute. Analysts look for pork and beef demand to remain strong and prices affordable though the spring and summer grilling season as production increases. Read more at Reuters..