U.S. Livestock & Meat Trade Update – Nov ’19
Executive Summary U.S. livestock and meat trade figures provided by USDA were recently updated with values spanning through Sep ’19. Highlights from the updated report include:
- Sep ’19 U.S. net pork trade increased on a YOY basis for the fifth consecutive month, finishing up 10.0% to a record high seasonal level. Pork export volumes increased 7.6% on a YOY basis throughout the month, driven higher by growth in volumes destined to China, Hong Kong & Taiwan.
- Sep ’19 U.S. beef & veal export volumes declined on a YOY basis for the ninth consecutive month, finishing down 2.7%. Net beef & veal trade remained at a positive level for the third time in the past four months, however.
- U.S. net broiler trade declined 0.5% YOY during Sep ’19 as export volumes declined on a YOY basis for the sixth time in the past eight months.