U.S. Livestock Cold Storage Update – Mar ’20
Executive Summary U.S. cold storage figures provided by the USDA were recently updated with values spanning through Feb ’20. Highlights from the updated report include:
- U.S. pork stocks finished higher on a YOY basis for the tenth consecutive month during Feb ’20, increasing by 7.5% and reaching a four and a half year high level.
- U.S. beef stocks increased on a YOY basis for the first time in the past 12 months during Feb ‘20, finishing up 3.6% and reaching a three year high seasonal level.
- U.S. chicken stocks finished 6.5% higher on a YOY basis during Feb ’20, remaining at a record high seasonal level.