Russia's ban on Western meat imports, in response to sanctions imposed for its role in eastern Ukraine, contributed in part to increased U.S. pork and poultry warehouse inventories in August, an analyst said.
Bob Brown, president of Robert A. Brown, Inc in Edmond, Oklahoma, made the comments following the U.S. Department of Agriculture's monthly cold storage report on Monday. The report showed August pork inventories totaled 546.3 million lbs, up 2 percent from July and down slightly from a year ago.
Hams, which totaled 179.4 million lbs, accounted from most of the total pork stock increase with bone-in hams up 24 percent from July and a 17 percent boneless ham gain.
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