Meat is piling up in U.S. cold-storage warehouses, fueled by a surge in supplies and trade disputes that are eroding demand. Federal data, coming as early as Monday, are expected to show a record level of beef, pork, poultry and turkey being stockpiled in U.S. facilities, rising above 2.5 billion pounds, agricultural analysts said. U.S. consumers’...
Record levels of meat is piling up in the turkey, with more than 2.5 billion lbs of beef, pork, poultry and US amassing in warehouses. Rising output is coinciding with trade tensions that have caused exports to dwindle, according to federal data. While domestic demand has increased, it's not enough to take up the slack, threatening profits for meat manufacturers. Some pig farmers, for example, are already starting to scale back their operations. However, cold-storage warehouses are profiting from the stockpiling.