U.S. Cattle & Hogs Production Update – Jul ’20
Executive Summary U.S. cattle & hog production figures provided by the USDA were recently updated with values spanning through Jun ’20. Highlights from the updated report include:
- Jun ’20 U.S. commercial red meat production rebounded sharply from the previous month while finishing 2.8% higher on a YOY basis, reaching a record high seasonal level.
- U.S. pork production increased 5.8% on a YOY basis during Jun ’20, reaching a record high seasonal level. The total number of hogs slaughtered increased 4.9% YOY throughout the month while average weights/head increased 1.1% YOY.
- Jun ’20 U.S. beef production rebounded from the previous month but remained 0.1% lower on a YOY basis. The total number of cattle slaughtered declined 4.0% YOY throughout the month, more than offsetting a 4.0% increase in average weights/head.