U.S. Livestock & Meat Trade Update – Oct ’20
Executive Summary U.S. livestock and meat trade figures provided by the USDA were recently updated with values spanning through Aug ’20. Highlights from the updated report include:
- U.S. net pork trade increased on a YOY basis for the 16th consecutive month during Aug ’20, finishing up 4.1% and reaching a record high seasonal level. Pork export volumes increased 3.6% 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 finished higher on a YOY basis for the first time in the past five months throughout Aug ’20 however net beef & veal trade remained at a negative level for the sixth consecutive month.
- U.S. net broiler trade increased on a YOY basis for the first time in the past four months, finishing up 1.1%.