Weekly USMEF Audio Report: Red Meat Exports Trend Lower in May
DENVER, CO – July 6, 2020 – U.S. beef and pork exports trended lower in May, due in large part to temporary interruptions in slaughter and processing. Beef exports dropped well below year-ago levels and recorded the lowest monthly volume in 10 years. Pork exports remained higher than a year ago but were the lowest since October 2019. A full summary of the January-May export results is available from the U.S. Meat Export Federation (USMEF) website.
USMEF President and CEO Dan Halstrom says red meat production has rebounded significantly in recent weeks and he expects beef and pork exports to regain momentum in the second half of 2020. This is especially true in Asian destinations that are further along in easing COVID-19 related restrictions, while demand in Western Hemisphere markets may take longer to rebound…
The U.S. Meat Export Federation (www.USMEF.org) is the trade association responsible for developing international markets for the U.S. red meat industry. It is funded by USDA; the beef, pork, lamb, corn and soybean checkoff programs, as well as its members representing nine industry sectors: beef/veal producing & feeding, pork producing & feeding, lamb producing & feeding, packing & processing, purveying & trading, oilseeds producing, feedgrains producing, farm organizations and supply & service organizations.
Submitted to the BARN by:
Vice President, Communications
U.S. Meat Export Federation