International livestock product production and trade situation in June 2024

Published 2024년 7월 24일

Tridge summary

The article provides an overview of the meat market trends in 2024, focusing on pork, poultry, beef, and mutton across major countries like the US, Brazil, and the EU. It highlights fluctuations in production, trade, and prices, noting a decrease in US pork production and exports, while Brazilian pork exports increased. Poultry production in the US saw a minor rise, but exports dropped significantly. Beef exports from the US decreased, whereas Brazilian and Australian exports increased. The FAO Meat Price Index showed mixed trends with slight decreases in pork and poultry prices, while beef and mutton prices saw some increases. The market outlook predicts a slight rise in meat prices in the third quarter due to peak consumption in Europe and the US.

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

Original content

Production, trade and prices of livestock products in major countries (I) Pork Production: From January to May, the overall pork production in the United States decreased, with a total of 5.281 million tons, a year-on-year increase of 2.0%. In May, the pork production in the United States was 1.029 million tons, a month-on-month decrease of 1.7% and a year-on-year increase of 1.4%. Trade: In May, US pork exports decreased year-on-year, while Brazilian exports increased year-on-year. US exports increased first and then decreased, and May was in the middle of the same period; exports in May were 265,000 tons, a year-on-year decrease of 5.4%, of which exports to China were 15,000 tons, a year-on-year decrease of 36.9%; from January to May Exports were 1.38 million tons, up 6.1% year-on-year, of which 74,000 tons were exported to China, down 36.3% year-on-year. Brazil's exports increased first and then decreased, reaching a high level in May. From January to May, exports were 487,000 ...

Source: Foodmate