U.S. Livestock Cold Storage Update – Aug ’19
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through Jul ’19. Highlights from the updated report include:
- Jul ’19 U.S. pork stocks declined seasonally to a six month low level but remained 9.0% higher on a YOY basis, finishing at a four year seasonal high.
- Jul ’19 U.S. beef stocks rebounded seasonally from the four and a half year low levels experienced throughout the previous month but remained lower on a YOY basis for the fifth consecutive month, declining by 6.0%.
- Jul ’19 U.S. chicken stocks remained lower on a YOY basis for the seventh time in the past eight months, finishing down 3.1% but remaining at the second highest seasonal level experienced throughout the past 17 years.