U.S. Livestock & Meat Trade Update – Oct ’19
Executive Summary U.S. livestock and meat trade figures provided by USDA were recently updated with values spanning through Aug ’19. Highlights from the updated report include:
- Aug ’19 U.S. net pork trade increased on a YOY basis for the fourth consecutive month, finishing up 20.7% to a record high seasonal level. Pork export volumes increased 16.2% on a YOY basis throughout the month, driven higher by growth in volumes destined to China, Hong Kong & Taiwan.
- Aug ’19 U.S. beef & veal export volumes declined on a YOY basis for the eighth consecutive month, finishing down 9.4%. Lower export volumes contributed to net beef trade finishing at a negative level for the first time in the past three months.
- U.S. net broiler trade declined 2.7% YOY during Aug ’19 as export volumes declined on a YOY basis for the fifth time in the past seven months.