U.S. Livestock Cold Storage Update – Aug ’18
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through Jul ’18. Highlights from the updated report include:
- Jul ’18 U.S. pork stocks declined seasonally to a seven month low while also finishing lower on a YOY basis for the first time in the past eight months, declining by 1.2%.
- Jul ’18 U.S. beef and chicken stocks increased 12.3% and 10.0% on a YOY basis, respectively, each reaching record seasonal high levels for the month of July. Beef stocks increased significantly more than historical seasonal levels however chicken stocks declined contraseasonally throughout the month.
- Overall, Jul ’18 combined U.S. pork, beef and chicken stocks reached a record seasonal high for the month of July and finished within four percent of the overall monthly record high experienced during Jan ’16.