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US frozen pork supplies in record fall as the coronavirus raises meat prices

Screen Shot 2020-06-23 at 1.42.12 PM

Source: The Pig Site, 23 June 2020, photo credit: Robert Nickelsberg/getty Images/Axios

Reuters reports that the drop came amid outbreaks of COVID-19 among meat plant workers. The infections slowed meat production lines and pushed up finished prices.

The decline shows that meat stocks were restricted after companies like Smithfield Foods and Tyson Foods Inc reopened slaughterhouses that had temporarily shuttered in April and May to contain the spread of coronavirus.

The USDA reported that cold storage facilities held around 467 million pounds of pork as of 31 May, down 24 percent from April and 26 percent from 2019.
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