U.S. Cattle & Hogs Production Update – Nov ’19
Executive Summary U.S. livestock slaughter figures provided by USDA were recently updated with values spanning through Oct ‘19. Highlights from the updated report include:
- Oct ’19 U.S. commercial red meat production increased 3.3% on a YOY basis, reaching a record high seasonal level. The YOY increase in total red meat production was the ninth experienced throughout the past ten months.
- Oct ’19 U.S. pork production increased 6.4% on a YOY basis, reaching a record high monthly level. The total number of hogs slaughtered increased 5.6% YOY throughout the month while average weights/head finished 0.7% higher.
- Oct ’19 U.S. beef production increased 0.3% on a YOY basis, reaching a 12 year seasonal high level. The YOY increase in beef production was the first experienced throughout the past three months. The total number of cattle slaughtered increased 0.6% YOY throughout the month, more than offsetting a 0.2% YOY decline in average weights/head.