U.S. Livestock & Meat Trade Update – Dec ’20
Executive Summary U.S. livestock and meat trade figures provided by the USDA were recently updated with values spanning through Oct ’20. Highlights from the updated report include:
- U.S. net pork trade increased on a YOY basis for the 18th consecutive month during Oct ’20, finishing up 14.6% and reaching a record high seasonal level. Pork export volumes increased 13.0% 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 just the second time in the past seven months throughout Oct ’20, finishing up 3.8% and outpacing import volumes for the first time in the past eight months.
- U.S. net broiler trade reached a record high monthly level, finishing 7.7% higher on a YOY basis.