U.S. Livestock & Meat Trade Update – Feb ’20
Executive Summary U.S. livestock and meat trade figures provided by USDA were recently updated with values spanning through Dec ’19. Highlights from the updated report include:
- Dec ’19 U.S. net pork trade increased on a YOY basis for the eighth consecutive month, finishing up 37.1% to a record high level. Pork export volumes increased 29.4% on a YOY basis throughout the month, driven higher by growth in volumes destined to China, Hong Kong & Taiwan.
- Dec ’19 U.S. beef & veal export volumes declined on a YOY basis for the 12th consecutive month, finishing down 2.3%. Net beef & veal trade remained at a positive level for the sixth time in the past seven months but finished at a four year seasonal low level.
- Dec ’19 U.S. net broiler trade reached a three year seasonal high level, finishing 0.6% higher on a YOY basis.