US - Allendale Inc has released its estimates for the USDA Cold Storage Report, to be released 21 November.
Allendale projects a 640 million lb. total pork stock level for the end of October. The five year average is 502 million lbs. for the end of October. The company's estimate represents an increase of 9 million lbs. from the previous month. The five year average month to month change for October is an 11 million lb. increase.
Beef stocks, at 411 million lbs., are below the five year average of 444. This month's number represents a 14 million lb. drawdown from the previous month. The five year average change is for a 5 million lb. increase.
**Pork Belly stocks are estimated - in million pounds while Cattle on Feed is estimated as a percentage compared to last year.
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