U.S. Livestock Cold Storage Update – Oct ’14
Pork – Stocks Increase Slightly MOM, Remain Lower YOY
According to USDA, Sep ’14 U.S. frozen pork stocks of 545.0 million pounds increased slightly MOM but remain lower on a YOY basis, down 4.0%. Pork stocks have trailed last year’s levels for seven consecutive months and 13 of the last 16 months. Despite the recent declines, pork stocks remain 3.1% above the five year average September pork stocks.
Beef – Stocks Increase Sharply MOM, Remain Significantly Lower YOY
Sep ’14 U.S. frozen beef stocks of 373.3 million pounds increased 7.7% MOM but remain significantly lower than last year’s levels, down 16.1% YOY. Beef stocks reached a nine year low prior to the MOM increase experienced in Sep ’14. Beef stocks increased 26.8 million pounds MOM which was the largest monthly increase in two and a half years. Despite the significant MOM increase, beef stocks reached a 15 year low for the month of September.
Chicken – Stocks Continue to Decline on YOY Basis, Down 2.3% MOM
Sep ’14 U.S. frozen chicken stocks of 614.3 million pounds declined 2.3% MOM and 9.3% YOY. Chicken stocks have trailed last year’s levels for seven consecutive months, with stocks reaching an 11 year low for the month of September.
According to USDA, Sep ’14 U.S. frozen pork stocks of 545.0 million pounds increased slightly MOM but remain lower on a YOY basis, down 4.0%. Pork stocks have trailed last year’s levels for seven consecutive months and 13 of the last 16 months. Despite the recent declines, pork stocks remain 3.1% above the five year average September pork stocks.
Beef – Stocks Increase Sharply MOM, Remain Significantly Lower YOY
Sep ’14 U.S. frozen beef stocks of 373.3 million pounds increased 7.7% MOM but remain significantly lower than last year’s levels, down 16.1% YOY. Beef stocks reached a nine year low prior to the MOM increase experienced in Sep ’14. Beef stocks increased 26.8 million pounds MOM which was the largest monthly increase in two and a half years. Despite the significant MOM increase, beef stocks reached a 15 year low for the month of September.
Chicken – Stocks Continue to Decline on YOY Basis, Down 2.3% MOM
Sep ’14 U.S. frozen chicken stocks of 614.3 million pounds declined 2.3% MOM and 9.3% YOY. Chicken stocks have trailed last year’s levels for seven consecutive months, with stocks reaching an 11 year low for the month of September.