U.S. Livestock & Meat Trade Update – Jan ’21
Executive Summary U.S. livestock and meat trade figures provided by the USDA were recently updated with values spanning through Nov ’20. Highlights from the updated report include:
- U.S. net pork trade declined on a YOY basis for the first time in the past 19 months during Nov ’20, finishing down 0.8%. Net pork trade finished lower on a YOY basis despite pork export volumes increasing by 1.5% YOY throughout the month, driven higher by strong Mexican demand.
- U.S. beef & veal export volumes increased 13.2% on a YOY basis throughout Nov ’20, reaching a record high seasonal level. Net beef & veal trade remained at a positive level for the second consecutive month.
- U.S. net broiler trade declined 0.3% on a YOY basis throughout Nov ’20, finishing lower for the first time in the past four months.