U.S. Cattle & Hogs Production Update – Nov ’20
Executive Summary U.S. cattle & hog production figures provided by the USDA were recently updated with values spanning through Oct ’20. Highlights from the updated report include:
- Oct ’20 U.S. commercial red meat production increased 2.5% on a YOY basis, reaching a record high seasonal level.
- U.S. pork production increased 1.7% on a YOY basis throughout Oct ’20, reaching a record high seasonal level, as a 2.1% increase in average weights per head more than offset a 0.3% decline in the total number of hogs slaughtered.
- U.S. beef production increased 3.4% on a YOY basis throughout Oct ’20, reaching a record high seasonal level. The total number of cattle slaughter increased 0.9% YOY throughout the month while average weights per head increased 1.8%.