Yep I will second that the bullets should still be good, and probably most of the brass and primers. Like said, pull down, and I would add as you dump the shells. Dumb shell into empty container and inspect the powder, if there's "rust" (it's not rust) in or on the powder. Scrap that piece of brass and put that powder in your yard/garden it's only good for fertilizer now. IF the powder looks good in that shell, and in looking into the brass with a bright light and primer is still good. YOU MIGHT be able to use the powder (But as cheap as pull down powder is. I probably wouldn't, or if I did, I would shoot it that weekend). BUT I would check the condition of the powder in each shell as my tell for if that piece of brass is still good.
As powder breaks down, it gives off N03 gas, that is the active part of nitric acid. It attacks the other powder and the brass and the primer. Think of the powder like a box of apples, it only takes one to start rotting and it will all start to rot. As it attacks the brass it makes it brittle. That is why old ammo, often times has split necks, or case splits when we shoot it. And sometimes even before we shoot it, necks start cracking. It's because the powder was starting to off gas.
I think this is a common problem with old 50 ammo. Have you ever noticed how a lot of the pulls that we buy, like one in 10 or 20 will have a blackened base, not talking tar, talking corrosion. I think it's because that rd was going bad when they pulled it down. I noticed this on the base of a lot of bullets from a batch of 8mm that I had that was going bad, and I pulled it down. On mine the powder looked "fine" maybe 1 in 10 had powder that looked almost wet/clumping. BUT the brass was fuzzy/discolored on the inside and the base the the bullets was the same. AND it reacted with the primers, and they looked (from shining light into case and looking down into the flash hole) like white mold and fuzz was growing up out of the flash hole. That's what I would use to figure if you want to re use the brass and primer.
LOL when I pulled that 8mm. The system I had was, when I had good brass/primer, I saved it, and down loaded the powder that looked good. And shot it that weekend. You follow... Pull a round, check it... Junk... next junk, next Oh good, down load a couple g (on a 8mm) put back together and shoot that weekend. I ended up shooting about half that ammo, and no duds. The rest was junk. It was some 1940s ammo that was going bad. It was a PITA but it went away. Oh and often the "moldy" primer was the FIRST sign that was a bad rd.
You might have caught it early and can use everything but the powder, OR it might be to late, you won't know till you pull it down. BUT it's on a clock... lol it's not going to get better. And I would separate it from other ammo, and view it as on a clock to being a fire hazard... if left long enough shit catches on fire on it's own (but sounds like that's a while off).