U.S. Livestock Cold Storage Update – May ’20
Executive Summary U.S. cold storage figures provided by the USDA were recently updated with values spanning through Apr ’20. Highlights from the updated report include:
- U.S. pork stocks finished lower on a YOY basis for the first time in the past 12 months during Apr ’20, declining by 1.1% and reaching a three year low seasonal level.
- U.S. beef stocks remained higher on a YOY basis for the third consecutive month during Apr ‘20, finishing up 13.9% and reaching a seven year high seasonal level.
- U.S. chicken stocks finished 6.0% higher on a YOY basis during Apr ’20, remaining at a record high seasonal level.