According to a report from the United Nations, meat production is expected to fall for the first time in two decades because of pork production declines. Thee is still expected to be growth in chicken and beef.
While China has seen some decline in consumer demand for pork, this is likely temporary, given that pork is such a longstanding and important staple of the Chinese diet. Does that leave opportunity for the U.S.?
U.S. pork exports recorded the highest-ever monthly value in November while U.S. beef export value took another step toward a likely full-year value record, according to data by USDA and compiled by USMEF.
Tyson Foods Inc. delivered a mixed bag of quarterly results while retaining an upbeat global meat outlook based on China’s efforts to fill a protein gap because of African swine fever and easing trade tensions.
France has taken another step closer to starting beef exports to China’s huge market after Chinese officials last week inspected seven of the European country’s meat plants, a French industry official said.