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U.S. Red Meat and Poultry Exports Expected to Increase in 2020.

Thursday, June 27, 2019

(North American Meat Institute)

U.S. exports of red meat and poultry are expected to increase by more than 4 percent, according to USDA's latest forecast in its Livestock, Dairy and Poultry Outlook report. The report forecasts beef exports to increase 2.7 percent next year, due to lower anticipated competition in Asian markets. Pork exports are expected to increase more than seven percent in 2020, thanks to the reestablishment of Mexican demand for U.S. pork following the removal of tariffs last month. Turkey exports are anticipated to grow three percent, supported by Mexican demand and low turkey prices that are likely to attract other international buyers. Finally, broiler export growth is forecast at 2.3 percent due to an anticipated increase in demand from low- and middle-income countries, especially as shifting Chinese demand impacts the global meat and poultry market. Lamb and mutton exports are likely to fall as U.S. production trends lower. The next release of this report is July 17, 2019.

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