U.S. Livestock & Meat Trade Update – Aug ’20
Executive Summary U.S. livestock and meat trade figures provided by the USDA were recently updated with values spanning through Jun ’20. Highlights from the updated report include:
- U.S. net pork trade increased on a YOY basis for the 14th consecutive month during Jun ’20, finishing up 2.3% and reaching a record high seasonal level. Pork export volumes increased 3.3% on a YOY basis throughout the month, driven higher by continued growth in volumes destined to China, Hong Kong & Taiwan. The YOY increase in pork export volumes was the smallest experienced throughout the past 13 months, however.
- U.S. beef & veal export volumes declined to an 11 year seasonal low level throughout Jun ’20, finishing 33.0% below previous year levels. Net beef & veal trade finished at a negative level for the fourth consecutive month, declining to a four and a half year low level, overall.
- U.S. net broiler trade declined on a YOY basis for the second consecutive month, finishing down 1.5%.