USMEF: June pork, beef exports slide due to COVID-19

After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.

• Jul 13, 2020CoBank: Recovery continues for meat, poultry segments | 2020-07-13 | MEAT+POULTRY+9.6%
• Jul 23, 2020Rabobank: Global pork production under pandemic pressure | 2020-07-23 | MEAT+POULTRY+2.2%
• Apr 14, 2022Rabobank: Global economics to affect pork market, costs | MEAT+POULTRY+7.6%
• Oct 15, 2017USDA-FAS Report: China's Meat and Poultry Import Forecast, 2018 - Farm Policy News+6.3%
• Sep 6, 2023Headwinds expected to impact Chinese pork, beef trade – GAIN+1.3%

After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.

• Jul 13, 2020CoBank: Recovery continues for meat, poultry segments | 2020-07-13 | MEAT+POULTRY+2.2%
• Jul 25, 2018Cattle on feed underpinning US beef exports | Meat & Livestock Australia-0.6%
• Nov 1, 2016Prices for protein under pressure | Meatpoultry.com | October 31, 2016 21:11 | MEAT+POULTRY-0.6%
• Dec 14, 20182019 Meat and Poultry Industry Economic Outlook: A mixed bag | 2018-12-14 | The National Provisioner+0.3%
• Jul 22, 2020USDA Provides Update on Investigation Following 2019 Tyson Beef Plant Closure and COVID-19 Pandemic-0.0%