Tidbits, Cold Storage, Acres & Stocks Estimates, GDP & Claims, Export Sales 6/27/25
- Wright team
- Jun 27
- 6 min read
Tidbits
Every month the USDA issues a Cold Storage Report. They are usually not significant for grains, but Wednesday’s report showed all but one of the food categories in the nation’s commercial freezers are substantially less than a year ago: red meat down 4%; beef down 1%; pork down 7% including bellies down 26% (just before BLT season), cheese down 2%, and butter down 5%. Only American cheese inventory was up, 5% more than a year ago. “American cheese” is a distinct product as the FDA classifies it as a pasteurized process cheese food, meaning it contains other ingredients in addition to cheese. It is separate for tracking inventory levels of specific cheese types.
Not only are the world grain carryovers and U.S. corn and bean carryovers reaching small numbers we have not seen for years, the U.S. freezer stocks are shrinking. Pork down 7%, that is a lot.
The Quarterly Pig Crop Report was released yesterday afternoon. All hogs and market hogs were slightly more than a year ago and the breeding herd was slightly smaller than a year ago. That has been the trend for years. Fewer sows are farrowing more pigs every year.
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