The USDA says red meat in cold storage declined in November 2024. Meat supplies in freezers on November 30 fell three percent month over month and five percent year over year to 7.41 billion pounds. In a report this week, USDA said that beef in storage totaled 440.5 million pounds, a two percent increase from October but down four percent from the same month in 2023. Boneless cuts in freezers rose three percent from the previous month to 398.2 million pounds. Pork stockpiles were reported at 391.1 million pounds, down eight percent on a monthly basis and six percent annually. About 69.3 million pounds of ham were in storage at the end of November, down 40 percent from the previous month but up 21 percent year over year. Bellies jumped 39 percent month to month to 22.5 million pounds, but that was down 53 percent from the same time last year.