# CoBank: Recovery continues for meat, poultry segments | 2020-07-13  | MEAT+POULTRY

> CoBank's quarterly report says US meat and poultry processing is recovering from COVID-19 disruptions, with beef plants at 95% capacity. It expects US beef output to grow 1% in 2020 and says nearly 3 million pigs were euthanized in the second quarter.

- Date: 2020-07-13 · published 2020-07-13T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/52268-cobank-recovery-continues-for-meat-poultry-segments-2020-07-13-meat-poultry
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Higher cattle weights and rebounding processing support near-term beef supply, while lost hog output reduces pork-linked feed demand. Weak foodservice demand and job losses could pressure beef prices this summer.

## Read by commodity

- HOGS: bearish ▼
- CHICKEN: neutral
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-08-07 | [USMEF: June pork, beef exports slide due to COVID-19 \| 2020-08-07  \| MEAT+POULTRY](https://feedsoft.ai/events/51579-usmef-june-pork-beef-exports-slide-due-to-covid-19-2020-08-07-meat-poultry.md) | +3.5% | +3.9% |
| LCATTLE | 2016-11-01 | [Prices for protein under pressure \| Meatpoultry.com \| October 31, 2016 21:11 \| MEAT+POULTRY](https://feedsoft.ai/events/73877-prices-for-protein-under-pressure-meatpoultry-com-october-31-2016-21-11-meat.md) | -0.6% | +7.0% |
| LCATTLE | 2020-05-13 | [Market Closes - May 13, 2020 - Kentucky Farm Bureau](https://feedsoft.ai/events/7506-market-closes-may-13-2020-kentucky-farm-bureau.md) | +4.5% | +3.3% |
| LCATTLE | 2018-12-14 | [2019 Meat and Poultry Industry Economic Outlook: A mixed bag \| 2018-12-14  \| The National Provisioner](https://feedsoft.ai/events/61720-2019-meat-and-poultry-industry-economic-outlook-a-mixed-bag-2018-12-14-the.md) | +0.3% | +4.9% |
| LCATTLE | 2018-08-07 | [Plenty of meat available as prices decline \| 2018-08-07  \| Food Business News](https://feedsoft.ai/events/63476-plenty-of-meat-available-as-prices-decline-2018-08-07-food-business-news.md) | -2.3% | -4.2% |
| HOGS | 2020-08-07 | [USMEF: June pork, beef exports slide due to COVID-19 \| 2020-08-07  \| MEAT+POULTRY](https://feedsoft.ai/events/51579-usmef-june-pork-beef-exports-slide-due-to-covid-19-2020-08-07-meat-poultry.md) | +3.3% | +12.0% |
| HOGS | 2018-03-16 | [Lower prices signal pork sector recovery continues in China](https://feedsoft.ai/events/65975-lower-prices-signal-pork-sector-recovery-continues-in-china.md) | -5.1% | -16.0% |
| HOGS | 2020-07-23 | [Rabobank: Global pork production under pandemic pressure \| 2020-07-23  \| MEAT+POULTRY](https://feedsoft.ai/events/52128-rabobank-global-pork-production-under-pandemic-pressure-2020-07-23-meat-poultry.md) | +2.2% | +2.2% |

## Sources

- meatpoultry.com: https://www.meatpoultry.com/articles/23451-cobank-recovery-continues-for-meat-poultry-segments

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.