U.S. pork supplies dropped from September to October, implying strong domestic and export demand.

The USDA says pork in cold storage at the end of October was down 27% on the year at 448.157 million pounds, with big year to year declines in many of the major consumer cuts.

Beef demand was comparatively lackluster, with supplies up 7% from the previous year at 500.473 million pounds.

That drop in pork pulled the red meat total 12% below a year ago to 982.991 million pounds.

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