Trade US protein exports on the decline
Recent trade data also show higher year-over-year imports, which is pushing down the value of net exports by more than 50%.
Additional factors impacting exports of animal protein include high prices for domestic supplies of animal proteins, which are discouraging foreign buyers and supporting US imports.
US supplies of beef have been tight due to the smallest cattle herd in 80 years. Also, more cattle are being held back for herd rebuilding. Poultry growers are recovering from the impact of a highly pathogenic avian influenza outbreak, while pork producers have just recovered from an outbreak of porcine epidemic diarrhea virus.