U.S. Livestock Cold Storage Update – Jun ’18
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through May ’18. Highlights from the updated report include:
- May ’18 U.S. pork stocks increased on a YOY basis for the sixth consecutive month, finishing up 5.7%, while U.S. beef stocks increased 13.1% YOY, finishing higher on a YOY basis for the second consecutive month. May ’18 pork and beef stocks each increased to three year seasonal highs for the month of May.
- May ’18 U.S. chicken stocks increased 11.8% YOY, finishing at a record seasonal high for the month of May.
- Overall, May ’18 combined U.S. pork, beef and chicken stocks reached a record seasonal high for the month of May and finished within one percent of the overall monthly record high experienced during Jan ’16.