# USMEF: June pork, beef exports slide due to COVID-19 | 2020-08-07  | MEAT+POULTRY

> USDA data compiled by USMEF show June US pork exports fell 3% year over year to 207,181 tonnes, and pork value dropped 9%. Beef exports fell sharply from June 2019 as COVID-19 slowed production and foodservice demand. USMEF expects a rebound in the second half of the year.

- Date: 2020-08-07 · published 2020-08-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/51579-usmef-june-pork-beef-exports-slide-due-to-covid-19-2020-08-07-meat-poultry
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Weaker June export demand for pork and beef pressures US hog and cattle prices. A recovery in exports would support prices in the second half of the year.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-07-13 | [CoBank: Recovery continues for meat, poultry segments \| 2020-07-13  \| MEAT+POULTRY](https://feedsoft.ai/events/52268-cobank-recovery-continues-for-meat-poultry-segments-2020-07-13-meat-poultry.md) | +9.6% | +10.6% |
| HOGS | 2020-07-23 | [Rabobank: Global pork production under pandemic pressure \| 2020-07-23  \| MEAT+POULTRY](https://feedsoft.ai/events/52128-rabobank-global-pork-production-under-pandemic-pressure-2020-07-23-meat-poultry.md) | +2.2% | +2.2% |
| HOGS | 2022-04-14 | [Rabobank: Global economics to affect pork market, costs \| MEAT+POULTRY](https://feedsoft.ai/events/41978-rabobank-global-economics-to-affect-pork-market-costs-meat-poultry.md) | +7.6% | +1.6% |
| HOGS | 2017-10-15 | [USDA-FAS Report: China's Meat and Poultry Import Forecast, 2018 - Farm Policy News](https://feedsoft.ai/events/68445-usda-fas-report-china-s-meat-and-poultry-import-forecast-2018-farm-policy-news.md) | +6.3% | +6.3% |
| HOGS | 2023-09-06 | [Headwinds expected to impact Chinese pork, beef trade – GAIN](https://feedsoft.ai/events/34035-headwinds-expected-to-impact-chinese-pork-beef-trade-gain.md) | +1.3% | -2.8% |
| LCATTLE | 2020-07-13 | [CoBank: Recovery continues for meat, poultry segments \| 2020-07-13  \| MEAT+POULTRY](https://feedsoft.ai/events/52268-cobank-recovery-continues-for-meat-poultry-segments-2020-07-13-meat-poultry.md) | +2.2% | +3.4% |
| LCATTLE | 2018-07-25 | [Cattle on feed underpinning US beef exports \| Meat & Livestock Australia](https://feedsoft.ai/events/63963-cattle-on-feed-underpinning-us-beef-exports-meat-and-livestock-australia.md) | -0.6% | -0.6% |
| LCATTLE | 2016-11-01 | [Prices for protein under pressure \| Meatpoultry.com \| October 31, 2016 21:11 \| MEAT+POULTRY](https://feedsoft.ai/events/73877-prices-for-protein-under-pressure-meatpoultry-com-october-31-2016-21-11-meat.md) | -0.6% | +7.0% |

## Sources

- meatpoultry.com: https://www.meatpoultry.com/articles/23597-usmef-june-pork-beef-exports-slide-due-to-covid-19

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.