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CME: November Beef Exports Down Compared to Year Ago

10 January 2020

US - Monthly trade data for November was released by USDA Economic Research Service (ERS) on 8 January 2020, reports Steiner Consulting Group, DLR Division, Inc.

November beef exports totaled 244.6 million pounds, 8.1 percent below last year which continues the trend of every month in 2019 being below last year’s level.

Year-to-date beef exports are tracking 4.6 percent below last year with lower shipments to most major destinations. Keep in mind that 2018 beef exports were record large at nearly 3.2 billion pounds.

Japan still maintained its position as the top destination for US beef capturing 25.3 percent of total shipments for the month with 62.0 million pounds shipped, down 13.8 percent from the prior year.

Exports to South Korea totaled 48.8 million pounds (down 4.8 percent), Mexico was 30.1 million pounds (down 17.2 percent), but Hong Kong saw a slight improvement at 33.4 million pounds (up 8.6 percent).

Daily Livestock Report - Copyright © 2008 CME. All rights reserved.

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