December 15, 2017

Cold Storage Report 8-22-2017

USDA’s monthly Cold Storage report was released today at 2 pm.

Beef stocks at the end of July totaled 430.429 million lbs. That was over the 416.1 trade expectation (ALDL 420.6).

Compared with the end of June, beef stocks rose by 15 million lbs. Normally, beef stocks decline by 5 million lbs. in July. This was the largest increase in July in seven years.

USDA counted 556.179 million lbs of pork at the end of July. That was under the 561.4 trade expectation (ALDL 564.3).

In the month of July pork stocks fell by 7 million lbs. The five year average change for July is for a 12 million lb. decline.


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