U.S. Livestock & Meat Trade Update – Jul ’18
Executive Summary U.S. livestock and meat trade figures provided by USDA were recently updated with values spanning through May ’18. Highlights from the updated report include:
- May ’18 U.S. net pork trade increased on a YOY basis for the eighth consecutive month, finishing up 0.6%. Pork export volumes increased on a YOY basis for the 24th time in the past 25 months, finishing at a record seasonal high for the month of May.
- May ’18 U.S. beef & veal export volumes increased to a new monthly record high figure, finishing higher on a YOY basis for the 23rd consecutive month. Net beef & veal trade finished at a negative level for the first time in the past four months, however, despite the record high export volumes.
- U.S. net broiler trade declined 4.2% YOY during May ’18 as export volumes declined to an eight year seasonal low for the month of May. The YOY decline in net broiler trade was the largest experienced throughout the past five months.