Amid pandemic, the United States has managed to export more meat to China

Published 2020년 10월 22일

Tridge summary

The United States Federation of Meat Exporters (USMEF) has reported stable performances in beef and pork exports, with a rebound in June, and an improvement in production in North American power countries. However, the growth in pork exports to China has moderated and not been as spectacular as expected. Despite this, the demand for American beef and pork is expected to remain strong throughout the year, with the USMEF being optimistic about the positive closure of US red meat exports in 2020. This is due to outstanding first quarter performance in US meat exports, trade agreements signed before the pandemic, and demand for pork from China and beef from Japan, Mexico, and Canada.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the United States Federation of Meat Exporters (USMEF), beef exports show a stable performance compared to the variations of recent months, showing a rebound in June. Those of pork also increased. Dan Halstrom, president and CEO of the USMEF, explained that meat production has normalized in the North American power, with which exports have improved although not to the same level as expected. "The demand for pork from China has moderated and the gains compared to last year are not so spectacular at this time, since the peak of exports to this Asian country was experienced in mid-2019," he said. This despite the improvement in pork exports since, as well as the growth of emerging markets such as Vietnam and the Philippines. (Read: A milestone and other notable facts of the world beef market were seen in 2020) According to the expert, the observations of the USMEF team and the monthly figures indicate that the demand for American beef and pork will remain strong during ...

Source: MXContexto