August Cold report reveals steady cheese supplies but steep year-over-year drops in butter and frozen pork inventories.
The ‘s August Cold report signals significant inventory shifts across major dairy, meat, and poultry categories, providing crucial data journalism for the international agribusiness sector. While the market has seen mixed stability, the most pronounced change is in the butter market, which continues to tighten, reflecting strong domestic demand that is rapidly drawing down inventories. Focusing on the dairy category, the report indicates a relatively stable environment for cheese supplies. Total cheese stocks in refrigerated warehouses ended August one percent lower than the previous month (July) but maintained a reserve that was two percent higher compared to the same period a year earlier. This suggests that despite minor short-term fluctuations, overall cheese stocks remain well-supported, easing immediate supply concerns for manufacturers and analysts.
Conversely, butter stocks are facing considerable pressure. Inventories dropped sharply by eight percent month-over-month and were down six percent year-over-year. This accelerated contraction suggests that demand is currently outpacing production and/or storage capacity adjustments, potentially leading to upward price pressure in the near future. This tightening trend is a key indicator for international dairy economics professionals tracking global fat markets.
Beyond dairy, the report also highlighted inventory reductions in red meats, most notably pork supplies. Total frozen red meat stocks declined by two percent from and by seven percent from last year. More critically, frozen pork inventories dropped three percent month-over-month and a stark 13 percent year-over-year. The sharpest decline was recorded in pork bellies, which fell 25 percent from , signaling severe tightness in that specific commodity market.
Finally, the poultry sector presented a mixed picture. Total frozen poultry supplies were slightly lower than both and the previous August. While chicken inventories saw a two percent month-over-month decline, they remain four percent above last year’s levels. supplies, however, followed a tighter trend, increasing three percent from but falling eight percent from figures, confirming volatile inventory levels across various protein markets.
Source: Consult the full analysis of the report from the market experts at .
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