U.S. Livestock & Meat Trade Update – Aug ’19
Executive Summary U.S. livestock and meat trade figures provided by USDA were recently updated with values spanning through Jun ’19. Highlights from the updated report include:
- Jun ’19 U.S. net pork trade increased on a YOY basis for the second consecutive month, finishing up 14.0% to a record high seasonal level, as export volumes increased and import volumes declined throughout the month. Pork export volumes increased 9.3% on a YOY basis throughout the month, driven higher by growth in volumes destined to China, Hong Kong & Taiwan. The YOY increase in pork export volumes was the first experienced throughout the past six months.
- Jun ’19 U.S. beef & veal export volumes declined on a YOY basis for the sixth consecutive month, finishing down 0.4%, however net beef trade finished at a positive level for the first time in six months, reaching a six year seasonal high.
- U.S. net broiler trade declined 2.4% YOY during Jun ’19 as export volumes finished lower on a YOY basis for the fourth time in the past five months.