U.S. Livestock & Meat Trade Update – Nov ’20
Executive Summary U.S. livestock and meat trade figures provided by the USDA were recently updated with values spanning through Sep ’20. Highlights from the updated report include:
- U.S. net pork trade increased on a YOY basis for the 17th consecutive month during Sep ’20, finishing up 20.6% and reaching a record high seasonal level. Pork export volumes increased 17.2% 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 fifth time in the past six months throughout Sep ’20, reaching a four year seasonal low level, while import volumes reached a record high seasonal level. Net beef & veal trade remained at a negative level for the seventh consecutive month.
- U.S. net broiler trade reached an eight year seasonal high level, finishing 9.7% higher on a YOY basis.