Americans are gorging themselves on pork and beef this summer, reducing total red meat supplies in storage by 22%, according to the U.S. Department of Agriculture's cold storage report.

Beef supplies are down 16% from a year ago.

The report reflects rising demand and also a thinning of the cattle and hog herds by about 3% nationwide in response to low prices during the past three years. Retail prices for beef and pork have risen modestly this summer, although not as much as the wholesale reductions, according to the latest USDA figures.

Only chicken seems to be in larger supply this year than last, up 2% from June 2009.

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