U.S. Livestock & Meat Trade Update – Jun ’20
Executive Summary U.S. livestock and meat trade figures provided by the USDA were recently updated with values spanning through Apr ’20. Highlights from the updated report include:
- U.S. net pork trade increased on a YOY basis for the 12th consecutive month during Apr ’20, finishing up 31.0% and reaching a record high seasonal level. Pork export volumes increased 22.3% 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 declined on a YOY basis for the first time in the past four months during Apr ’20, finishing down 3.4% and reaching a three year low seasonal level. Net beef & veal trade finished at a negative level for the second consecutive month.
- U.S. net broiler trade reached a seven year high seasonal level during Apr ’20, finishing 8.2% higher on a YOY basis.