U.S. Livestock Cold Storage Update – Nov ’20
Executive Summary U.S. cold storage figures provided by the USDA were recently updated with values spanning through Oct ’20. Highlights from the updated report include:
- U.S. pork stocks declined to a nine year low level throughout Oct ’20, finishing 26.8% below previous year volumes.
- U.S. beef stocks finished higher on a YOY basis for the first time in the past four months throughout Oct ’20, increasing by 7.3%.
- U.S. chicken stocks remained at a three year seasonal low level throughout Oct ‘20, finishing down 4.4% YOY.