Strong consumer and export demand continue to draw down supplies of beef, pork, and poultry, canceling out increases in production.

The USDA says there were 940.631 million pounds of red meat in cold storage at the end of April, a decline of 3% from the end of March and 17% from the end of April 2020. That included 453.616 million pounds of beef, 5% below last year, and 455.252 million pounds of pork, a drop of 26% on the year.

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