U.S. Livestock & Meat Trade Update – May ’20
Executive Summary U.S. livestock and meat trade figures provided by the USDA were recently updated with values spanning through Mar ’20. Highlights from the updated report include:
- U.S. net pork trade increased on a YOY basis for the 11th consecutive month during Mar ’20, finishing up 49.0% and reaching a record high seasonal level. Pork export volumes increased 36.1% 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 third consecutive month during Mar ’20, finishing up 8.6% and reaching a record high seasonal level. Net beef & veal trade finished at a negative level for the first time in the past seven months, however, as imports volumes finished higher for the fifth time in the past six months.
- U.S. net broiler trade reached a record high seasonal level during Mar ’20, finishing 14.4% higher on a YOY basis.