April Red Meat Exports Weather Production Challenges, Economic Headwinds

Taylor Hillman Beef, Livestock, Pork

April proved to be a solid month for U.S. beef and pork exports despite COVID-19 related interruptions in production and trade. U.S. Meat Export Federation President and CEO Dan Halstrom says, “despite these significant headwinds, global demand for U.S. beef and pork remained strong.” Beef exports were below last April’s large totals but still topped $600 million in value.

Pork exports remained well above year-ago levels but slowed from the record pace established in the first quarter. While May export results will likely reflect similar obstacles, Halstrom noted that red meat production continues to recover, setting the stage for a strong second half of 2020. April beef exports were down six percent from a year ago to 98,600 metric tons, with value falling 11 percent to $600.9 million. For pork, April volume reached 264,000 metric tons, up 22 percent from a year ago but the lowest since November 2019. Export value was $682.8 million, up 28 percent year-over-year but the lowest since October 2019.

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From the National Association of Farm Broadcaster’s news service.