U.S. Livestock Cold Storage Update – Jul ’19
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through Jun ’19. Highlights from the updated report include:
- Jun ’19 U.S. pork stocks declined seasonally from the 12 month high experienced throughout the previous month but remained 10.8% higher on a YOY basis, finishing at a four year seasonal high level. The May – June seasonal decline in pork stocks was the smallest experienced throughout the past 24 years.
- Jun ’19 U.S. beef stocks declined seasonally to a four and a half year low level, finishing down 12.1% YOY. The YOY decline in beef stocks was the fourth experienced in a row and the second largest experienced throughout the past 18 months on a percentage basis.
- Jun ’19 U.S. chicken stocks remained lower on a YOY basis for the sixth time in the past seven months, finishing down 5.8%.