24.
09.15
10:41

US cold storage report: build-up of inventories in pork by + 21% to the previous year

US cold storage report: 18% more meat in stock compared to 2014 Prices are under pressure - tough competition in the export business to the EU

Monthly inventory of meat supplies in the U.S. cold storage has resulted in 2015 with at the end of the month August a further increase of in meat inventories by 3.8% compared to the previous month. This is the highest amount that has been most recently in 2002.  The total quantities of meat are at approximately 18% higher compared to the previous year.

With more than 50% of the largest quantities of meat in poultry, especially chicken, have accumulated. The already high stocks have again increased 13% on year. Background the reservations of importing countries to the U.S. are deliveries as a result of the poultry virus.

Pork stocks represent the 2nd largest cold storage amounts. Stand structure in warehouses is about 21% to the previous year. The causes are the U.S. pork production increased by 6% and limited exports as a result of the high dollar. The amounts would have can be even higher if the this year's barbecue season had not worried for a strong demand in the United States.

The quantities of beef and veal in the U.S. cold have been increased by around 35%. The absolute amounts but to thrive within modest limits of about 1,000 t, if one measures the figures to the total annual production of 10 million tonnes. U.S. beef prices were in the past few months with prices over €5,30 / kg over the international level considerably. The recent development shows falling prices towards €4.7 / kg.

According to the the US inventories should usual seasonal developments to the autumn/winter period is clearly built are. The signs are still little developed. The basic problem is impaired by the strong dollar rate export at a high volume of domestic meat. The courses break down not only with beef and poultry but also in pig prices.

The stock quotes "Lean hogs" indicate a significant price decrease for the autumn-winter period. Converted U.S. pork prices are expected in the order of €1.30 / kg in the autumn months.

The United States on the import markets open up again outletswant with such low cost. This is usually only in the competition of the European suppliers. Both regions together are almost equal in terms of trade volume and earn more than 60% of international deliveries.

For the upcoming difficult price development in autumn/winter 2015/16 in the EU offers the export business promising little relief options on export.

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