U.S. beef supplies in October rose to the highest on records dating back to 1915, a government report showed.
Beef in cold storage rose to 532.3 million pounds, up 4.6 percent from a year earlier, the Department of Agriculture said on Tuesday in a monthly report. Total frozen red meat stocks increased by 1 percent to 1.17 billion pounds, the most on record for the month of October, according to the USDA report.
Total turkey supplies, heading into the Thanksgiving holiday in America, rose to 396.3 million pounds in October, up
12.6 percent from the same month a year earlier, while total pork in cold storage dipped 0.9 percent to 598 million pounds.
Beef Production May Push Higher