USMEF Weekly Audio: July Beef and Pork Exports Rebound, but Still Below Year-Ago

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DENVER, CO – Sep 8, 2020 – The latest data from USDA show July exports of U.S. beef rebounded from recent lows but remained below 2019 levels. U.S. pork exports, which are on a record pace in 2020, were also down year-over-year in July but increased compared to June.

U.S. Meat Export Federation (USMEF) Economist Erin Borror says that while U.S. slaughter levels have recovered from COVID-19 related interruptions earlier this year, limited labor availability is still holding back exports of certain items – including some beef and pork variety meats. She explains that the outlook for U.S. beef exports is impacted by the pace at which foodservice operations recover in key markets. China/Hong Kong drove U.S. pork export growth in the first seven months of the year, but Borror says more recent USDA weekly data point to strengthening demand from Mexico. She also highlights growth opportunities for U.S. pork in Vietnam and the Philippines. A brief summary of January-July exports of U.S. beef, pork and lamb is available online. A more detailed breakdown is also available from the USMEF website.

Borror on July exports 9-7-20

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:

Joe Schuele

Vice President, Communications

U.S. Meat Export Federation

303-547-0030 (mobile)

jschuele@usmef.org

www.usmef.org

SOURCE

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09-08-20 USMEF Weekly Audio: July Beef and Pork Exports Rebound, but Still Below Year-Ago
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By Brian Allmer - The BARN

Brian Allmer & the BARN are members of the National Association of Farm Broadcasting (NAFB), the Colorado FFA Foundation, the Colorado 4H Foundation, the Colorado Farm Show Marketing Committee, 1867 Club Board Member, Denver Ag & Livestock Club Member, the Weld County Fair Board, the Briggsdale FFA Advisory Council, Briggsdale 4H Club Beef Leader & Founder / Coordinator of the Briggsdale Classic Open Jackpot Show.