US frozen pork inventories plunged to a near-decade low in July, reported Reuters, citing a new USDA report.
The decline coincides with China importing a record amount of pork in July following an outbreak of the African swine fever that decimated the country’s herd. Also, US meatpacking plants were coming back online following virus-related shutdowns.
USDA reported 458.902 million pounds of pork were in US cold-storage facilities for the month, down from 460.173 million in June and 611.692 million a year earlier. The July figure is the lowest monthly inventory of pork ribs, loins, and hams since July 2011.
The combination of increasing Chinese imports, meatpacking plant disruptions, and summertime grilling demand has left pork in low supply as production levels remain pressured and shortages may persist of specific cuts: