Inability to move meat off the West Coast…..
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Slumping demand for meat on the U.S. West and East Coasts boosted pork, beef and chicken inventories to some of their highest levels in years, analysts said following Friday’s U.S. Department of Agriculture monthly cold storage report.
Meat processors and grocers normally stash hams in freezers before the Easter holiday and steaks, pork chops and chicken ahead of the summer grilling season.
Friday’s USDA report showed January pork inventories totaled 596.5 million pounds, up 18 percent from December, partly due to increased production.