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US meat exports are in low gear, affected by bans in the largest market, slowing demand and rising competition from Brazil.
In May, US beef exports were down 0.2% from April and 2.9% year on year, while port exports slumped 10.9% from April to end up 5.7% lower than a year ago.
Still, pork exports were up 6% in the first five months, whereas beef export tonnage dropped 4.9%.
“The market is relatively soft at this point,” said Jean-Paul Weber, SVP sales at ...
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