U.S. Livestock & Meat Trade Update – Apr ’20
Executive Summary U.S. livestock and meat trade figures provided by the USDA were recently updated with values spanning through Feb ’20. Highlights from the updated report include:
- U.S. net pork trade increased on a YOY basis for the tenth consecutive month during Feb ’20, finishing up 54.7% to a record high seasonal level. Pork export volumes increased 40.5% on a YOY basis throughout the month, driven higher by continued growth in volumes destined to China, Hong Kong & Taiwan.
- U.S. beef & veal export volumes increased on a YOY basis for the second consecutive month during Feb ’20, finishing up 16.9% and reaching a record high seasonal level. Net beef & veal trade remained at a positive level for the sixth consecutive month, finishing at a nine year high seasonal level.
- U.S. net broiler trade reached a six year seasonal high level during Feb ’20, finishing 2.2% higher on a YOY basis.