South Korea's LX Pantos acquires logistics hub in US
South Korean 3PL LX Pantos said yesterday it had teamed with state-backed maritime financial institution ...
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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