Pork
USDA reports more than 862 million pounds of red meat in cold storage at the end of August.
USDA’s National Agricultural Statistics Service (NASS) says both market hog and breeding inventories declined from September 2025.
USDA expects Canadian beef production and exports to grow as pork exports soften.
Pork producers had hoped the Senate farm bill would address the issue.
Lower corn and cotton supplies strengthened price expectations, while soybeans gained from stronger exports and wheat remained comparatively steady.
Beef export value increased in July even as pork shipments faced trade-related disruptions.
Lower beef and pork inventories point to tighter supplies, while growing turkey stocks could add pressure heading into fall.
The latest USDA numbers point to stable near-term pork supplies, while a smaller breeding herd could limit future production growth.
USDA forecasts beef prices will rise 9.8 percent in 2026 as cattle producers push back against a proposal to increase foreign beef imports.