NEWS
Frozen Beef Stocks Up; Pork Stocks Down
Wed Oct 22, 2014 04:49 PM CDT

(Dow Jones) -- Stocks of frozen beef were larger than analysts anticipated at the end of September, as prices fell sharply from the previous month, according to the U.S. Department of Agriculture's monthly cold-storage report.

There were 373.3 million pounds of beef in freezers, the USDA reported Wednesday, compared with an average estimate of 343.3 million pounds in a Wall Street Journal survey. The beef inventory levels were up 8% from the previous month and down 16% from the same time in 2013, compared to an expected 23% drop by analysts, as market watchers anticipated retailers to draw down ...

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