U.S. Livestock & Meat Trade Update – Sep ’19
Executive Summary U.S. livestock and meat trade figures provided by USDA were recently updated with values spanning through Jul ’19. Highlights from the updated report include:
- Jul ’19 U.S. net pork trade increased on a YOY basis for the third consecutive month, finishing up 35.6% to a record high seasonal level. Pork export volumes increased 26.6% on a YOY basis throughout the month, driven higher by growth in volumes destined to China, Hong Kong & Taiwan.
- Jul ’19 U.S. beef & veal export volumes declined on a YOY basis for the seventh consecutive month, finishing down 2.2%, however net beef trade remained at a positive level, reaching a six year seasonal high.
- U.S. net broiler trade increased 3.3% YOY during Jul ’19 as export volumes reached a five year seasonal high level.