U.S. Livestock Cold Storage Update – Jul ’18
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through Jun ’18. Highlights from the updated report include:
- Jun ’18 U.S. pork stocks increased on a YOY basis for the seventh consecutive month, finishing up 0.2%, while U.S. beef stocks increased 13.1% YOY, finishing higher on a YOY basis for the third consecutive month. Larger than typical seasonal declines in pork and beef stocks results in both stocks finishing below three year average seasonal figures for the month of June, however.
- Jun ’18 U.S. chicken stocks increased 10.3% YOY, finishing at a record seasonal high for the month of June. Chicken stocks increased contraseasonally throughout the month.
- Overall, Jun ’18 combined U.S. pork, beef and chicken stocks reached a record seasonal high for the month of June and finished within five percent of the overall monthly record high experienced during Jan ’16.