Yes, you're reading that right: "Fresh Meat: Cat in-store every day."
This is from today's sales circular published by "Save-A-Lot" grocery stores. This particular ad with the feline misprint was circulated in Northeast Ohio.
However, there's no word on if any cats were harmed in the making of this ad.
UPDATE AT 2:45PM: There's now speculation that it could just be the font, but I'm not so sure. That looks a ton like "cat."