U.S. Pork Exports Higher and AFBF's Duvall Congratulates Biden
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**On average, Americans spend about 10% of their disposable income on food, according to a USDA report that says that proportion has stayed relatively stable for the past 20 years.
Americans have spent a rising share on food consumed away from home, at restaurants and other eating places.
These figures only go through 2019, so don’t include changes in eating habits caused by the pandemic.
**September exports of U.S. pork was up 10% year-over-year, keeping 2020 exports on a record pace, with September volume over 222,000 metric tons, with value up 6%.
U.S. Meat Export Federation President Dan Halstrom points out that unlike previous months this year with heavy growth in China, September exports to Canada were record-large with volumes significantly higher to Japan, Vietnam and the Philippines.
He notes while China's demand for U.S. pork should be strong again in 2021, exports will likely trend lower compared to this year.
**American Farm Bureau Federation President Zippy Duvall has congratulated Joe Biden on becoming the President-elect.
In a prepared statement, Duvall says the American Farm Bureau Federation congratulates President-elect Biden on his election, as well as the representatives and senators elected to serve in the 117th Congress.
Duvall says these unprecedented challenges require courageous leadership and the willingness of all elected leaders to work across the aisle for the good of the nation.
https://www.agrimarketing.com/s/133418
