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U.S. Cattle & Hogs Production Update – Sep ’20

  • September 24, 2020
  • by Belinda Przybylski
Executive Summary U.S. cattle & hog production figures provided by the USDA were recently updated with values spanning through Aug ’20. Highlights from the updated report include:
  • Aug ’20 U.S. commercial red meat production increased 5.2% on a YOY basis, reaching a record high seasonal level.
  • U.S. pork production increased 8.1% on a YOY basis throughout Aug ’20, reaching a record high seasonal level. The total number of hogs slaughtered increased 6.7% YOY throughout the month while average weights per head increased 1.1% YOY.
  • U.S. beef production increased 2.6% on a YOY basis throughout Aug ’20, reaching an 18 year high seasonal level. The total number of cattle slaughtered declined 0.1% YOY throughout the month however average weights per head increased 2.0% YOY.
Additional Report Details Total Red Meat – Production Remains at a Record High Seasonal Level, Finishes up 5.2% YOY According to the USDA, Aug ’20 U.S. commercial red meat increased seasonally from the previous month while finishing 5.2% higher on a YOY basis when normalizing for slaughter days, reaching a record high seasonal level. Total red meat production had reached a 14 year low level throughout the month of April prior to rebounding throughout the past several months of data. The MOM increase in total red meat production of 1.7% was consistent with the ten year average July – August seasonal increase of 1.8%. ’18-’19 annual red meat production increased 2.2% on a YOY basis, finishing at a record high level, while ’19-’20 YTD red meat production has increased by an additional 1.5% heading into the final month of the production season. Total 12-month rolling average red meat production remained above trendline for the 36th consecutive month throughout Aug ’20, although the most recent deviation from trendline remained significantly below the record high level experienced throughout Mar ’20. Pork – Production Remains at a Record High Seasonal Level, Finishes up 8.1% YOY Aug ’20 U.S. pork production increased seasonally from the previous month while finishing 8.1% higher on a YOY basis when normalizing for slaughter days, reaching a record high seasonal level. The YOY increase in pork production was the third experienced in a row. The Aug ’20 total number of hogs slaughtered increased 6.7% YOY throughout the month while average weights per head finished 1.1% higher YOY. The MOM increase in pork production of 2.9% was smaller than the ten year average July – August seasonal increase of 4.3%, however. ’18-’19 annual pork production increased 3.9% on a YOY basis, finishing at a record high level, while ’19-’20 YTD pork production has increased by an additional 3.6% heading into the final month of the production season. Beef – Production Increases to an 18 Year Seasonal High Level, Finishes up 2.6% YOY Aug ’20 U.S. beef production increased slightly from the previous month while finishing 2.6% higher on a YOY basis, reaching an 18 year seasonal high level. The YOY increase in beef production was the second experienced in a row. The Aug ’20 total number of cattle slaughtered declined 0.1% YOY throughout the month however average weights per head finished 2.0% higher YOY. The MOM increase in beef production of 0.5% was a contraseasonal move when compared to the ten year average July – August seasonal decline of 0.3%. ’18-’19 annual beef production increased 0.6% on a YOY basis, finishing at a 16 year high level, however ’19-’20 YTD beef production has declined 0.5% heading into the final month of the production season, despite the most recent increase in production.
U.S. Livestock Cold Storage Update – Sep ’20
U.S. Cattle on Feed Update – Sep ’20
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