U.S. beef and pork exports hit the highest monthly values ever recorded in March, giving renewed hope to the red meat industry that the pandemic slowdown is mostly behind it, according to a new analysis from the U.S. Meat Export Federation.
Exports of U.S. beef and pork both experienced a strong finish to the calendar year in December, besting 2019 figures and offering insights into consumer trends around the world and what is yet to come in the new year.
Prices for many commodities have risen sharply to levels not seen in several years. But the president of the nation’s largest farm group, the American Farm Bureau Federation, isn’t ruling out seeking additional federal relief in 2021.
A handful of ag groups have been pushing the federal government to get farm and food employees right behind health care workers and vulnerable populations in the COVID-19 vaccine distribution line. Now, that request has also been filtered to the nation’s 50 governors.
As the spread of COVID-19 in April slowed meat processing facilities and important Latin American trading partners lost purchasing power, U.S. beef exports fell below last year's totals and pork exports grew at a slower rate than in the first quarter.