U.S. Livestock Cold Storage Update – Dec ’19
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through Nov ’19. Highlights from the updated report include:
- Nov ’19 U.S. pork stocks declined seasonally to a ten month low level but remained 13.2% higher on a YOY basis, reaching a record high seasonal level.
- Nov ’19 U.S. beef stocks remained lower on a YOY basis for the ninth consecutive month, finishing down 6.7% and reaching a five year low seasonal level.
- Nov ’19 U.S. chicken stocks reached a record high monthly storage level, finishing 6.7% higher YOY.