U.S. Livestock & Meat Trade Update – Mar ’20
Executive Summary U.S. livestock and meat trade figures provided by the USDA were recently updated with values spanning through Jan ’20. Highlights from the updated report include:
- U.S. net pork trade increased on a YOY basis for the ninth consecutive month during Jan ’20, finishing up 50.6% to a record high seasonal level. Pork export volumes increased 38.8% on a YOY basis throughout the month, driven higher by continued growth in volumes destined to China, Hong Kong & Taiwan.
- U.S. beef & veal export volumes increased on a YOY basis for the first time in the past 13 months during Jan ’20, finishing up 3.1% and reaching a record high seasonal level. Net beef & veal trade remained at a positive level for the fifth consecutive month, finishing at a six year seasonal high level.
- U.S. net broiler trade reached a six year seasonal high level during Jan ’20, finishing 2.5% higher on a YOY basis.