Tight pork stocks could fuel near term gains
Tight frozen U.S. pork stocks are playing a key role in supporting pork and hog prices this season. Recent reports suggest that if fall marketing trends align with the lighter-weight hog inventory reported in June, hog slaughter from September through November could rise by about 0.9% compared to last year. Some analysts believe that this could also push fall hog prices higher by roughly 3% year over year.
The U.S. Department of Agriculture’s (USDA) Cold Storage report, released as of July 31, 2025, highlighted that total U.S. pork in cold storage stood at 404.583 million pounds. This was the lowest level since December and marked an 11% decline from the previous year.
Overall, U.S. red meat stocks fell by 5% year over year to 825.569 million pounds, and were also 2% lower than the prior month. The decrease was largely due to the sharp decline in pork inventories, which outweighed a modest 1% rise in beef storage.
In July, both pork and beef production dropped by 4% compared to the previous year. Higher beef prices may be discouraging some consumer demand, further influencing overall red meat supplies.