USDA cold storage report on May 1, 2015: an above-average level of stock
The meat supplies in the U.S. cold storage were never as large as 1 may 2015. The U.S. Department of agriculture (USDA) noted a 15% higher inventory of frozen beef, pork and poultry meat. The reasons are higher equity production and increased imports.
Beef inventories are 24% higher than in the weak last year and 8% higher than in the 5 years average. Consumers have responded to the high beef prices in the United States with moderate shopping behavior. On the other hand, high beef prices are attractive for exporters from low-cost countries, especially Australia. The high cold storage inventories will push for the next few months in the summer and fall on the prices.
The pork supplies are about 14% over the previous years. Causes are increasing own generation + 5% compared to last year and the restrained export due to the relatively fixed dollar exchange rate. The European competition is also to create. The prices of pork on the stock markets have eased significantly, is now converted €1.46 per kg. For fall, further falling pork prices are displayed.
The poultry meat inventories are 20% higher compared to the previous year and about 10% above the 5-year average. The strong increase in production is a little handicapped among by the epidemic of poultry virus, which has hit so far however focus on laying hens and Turkey stocks. So far, 50 million animals of to the victims of the epidemic have fallen. The broiler production with a high concentration in the southeast of the United States is so far from the disease drawn little affected.
However, an indirect effectis that importing countries of U.S. poultry meat from without concern for an introduction of the virus on imports have. This creates pressure in the US market, which can only partially be compensated by the failure of Turkey meat.
Great concern in the broiler industry in the autumn 2015, if the birds their way from North to South acould be physical and thus the center of chicken fattening poultry virus infect epidemically.
