U.S. Livestock Cold Storage Update – Sep ’19
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through Aug ’19. Highlights from the updated report include:
- Aug ’19 U.S. pork stocks declined contraseasonally to a seven month low level but remained 4.2% higher on a YOY basis, reaching a three year seasonal high.
- Aug ’19 U.S. beef stocks increased contraseasonally to a six month high level but remained 6.4% lower on a YOY basis, declining YOY for the sixth consecutive month.
- Aug ’19 U.S. chicken stocks remained lower on a YOY basis for the eighth time in the past nine months, finishing down 3.1% but remaining at the second highest seasonal level on record.