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, according to a release from the U.S. Meat Export Federation (USMEF). A full summary of the January-May export results is available from the USMEF website.
In the audio clip below, Dan Halstrom, USMEF president and CEO, 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.