U.S. Livestock Cold Storage Update – Aug ’20
Executive Summary U.S. cold storage figures provided by the USDA were recently updated with values spanning through Jul ’20. Highlights from the updated report include:
- U.S. pork stocks declined to an eight and a half year low level during Jul ’20, finishing 25.0% below previous year volumes.
- U.S. beef stocks declined on a YOY basis for the first time in the past six months during Jul ‘20, finishing down 3.3% and reaching a three year seasonal low level.
- U.S. chicken stocks remained higher on a YOY basis for the tenth consecutive month during Jul ‘20, finishing up 3.4%.