U.S. Cattle & Hogs Production Update – Oct ’20
Executive Summary U.S. cattle & hog production figures provided by the USDA were recently updated with values spanning through Sep ’20. Highlights from the updated report include:
- Sep ’20 U.S. commercial red meat production increased 1.3% on a YOY basis, reaching a record high seasonal level.
- U.S. pork production declined 0.1% on a YOY basis throughout Sep ’20, finishing lower for the first time in the past four months. The total number of hogs slaughter declined 0.9% YOY throughout the month, more than offsetting a 1.1% YOY increase in average weights per head.
- U.S. beef production increased 2.9% on a YOY basis throughout Sep ’20, reaching a record high seasonal level. The total number of cattle slaughter increased 0.5% YOY throughout the month while average weights per head increased 2.0% YOY.