U.S. Livestock & Meat Trade Update – Jan ’20
Executive Summary U.S. livestock and meat trade figures provided by USDA were recently updated with values spanning through Nov ’19. Highlights from the updated report include:
- Nov ’19 U.S. net pork trade increased on a YOY basis for the seventh consecutive month, finishing up 27.3% to a record high level. Pork export volumes increased 21.5% on a YOY basis throughout the month, driven higher by growth in volumes destined to China, Hong Kong & Taiwan.
- Nov ’19 U.S. beef & veal export volumes declined on a YOY basis for the 11th consecutive month, finishing down 8.1%. Net beef & veal trade remained at a positive level for the fifth time in the past six months but finished at a five year seasonal low level.
- Nov ’19 U.S. net broiler trade reached a nine year seasonal high level, finishing 3.8% higher on a YOY basis.