U.S. pork stockpiles rose 13 percent at the end of August from a year earlier as meatpackers increased output, the government said.
Warehouses held 440.7 million pounds of the meat on Aug. 31, up from 388.3 million pounds a year earlier, the U.S. Department of Agriculture said today in a report. Inventories fell 3 percent from the end of July. August pork production may have been 5 percent larger than a year earlier, said Bob Brown, an independent market analyst. The USDA will release output data for the month on Sept. 23.
“This year production’s up so far, and stocks are up,” Brown said before the report in a telephone interview from Edmond, Oklahoma. “There’s a lot to that correlation.”
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