U.S. Cattle & Hogs Production Update – Jul ’18
Executive Summary U.S. livestock slaughter figures provided by USDA were recently updated with values spanning through Jun ’18. Highlights from the updated report include:
- Jun ’18 U.S. commercial red meat production increased 1.5% on a YOY basis when normalized for slaughter days, finishing at a record high seasonal level for the month of June. The YOY increase in total red meat production was the 41st experienced in a row.
- Jun ’18 pork production declined 0.1% YOY when normalized for slaughter days, finishing slightly below the record seasonal high experienced during the previous year. The YOY decline in pork production was the first experienced throughout the past 17 months.
- Jun ’18 beef production increased 3.0% YOY when normalized for slaughter days, finishing at a seven year seasonal high for the month of June. The YOY increase in beef production was the 31st experienced throughout the past 32 months.