U.S. Livestock & Meat Trade Update – Dec ’19
Executive Summary U.S. livestock and meat trade figures provided by USDA were recently updated with values spanning through Oct ’19. Highlights from the updated report include:
- Oct ’19 U.S. net pork trade increased on a YOY basis for the sixth consecutive month, finishing up 4.9% to a record high seasonal level. Pork export volumes increased 3.6% on a YOY basis throughout the month, driven higher by growth in volumes destined to China, Hong Kong & Taiwan.
- Oct ’19 U.S. beef & veal export volumes declined on a YOY basis for the tenth consecutive month, finishing down 9.0%. Net beef & veal trade remained at a positive level for the fourth time in the past five months but finished at a three year seasonal low level.
- U.S. net broiler trade declined 2.0% YOY during Oct ’19 as export volumes declined on a YOY basis for the seventh time in the past nine months.