U.S. Livestock & Meat Trade Update – Sep ’20
Executive Summary U.S. livestock and meat trade figures provided by the USDA were recently updated with values spanning through Jul ’20. Highlights from the updated report include:
- U.S. net pork trade increased on a YOY basis for the 15th consecutive month during Jul ’20, finishing up 4.1% and reaching a record high seasonal level. Pork export volumes increased 2.5% on a YOY basis throughout the month, driven higher by continued growth in volumes destined to China, Hong Kong & Taiwan. The YOY increase in pork export volumes was the smallest experienced throughout the past 14 months, however.
- U.S. beef & veal export volumes declined on a YOY basis for the fourth consecutive month throughout Jul ’20, finishing 8.0% below previous year levels. Net beef & veal trade finished at a negative level for the fifth consecutive month as import volumes reached a 15 year high level.
- U.S. net broiler trade declined on a YOY basis for the third consecutive month, finishing down 2.5%.