October turkey export volumes were estimated at nearly 61 million lb., almost 7% lower year over year, the U.S. Department of Agriculture recently reported in the December “Livestock, Dairy & Poultry Outlook.” However, this picture is expected to change in 2020 due to the opening of the Chinese market.
USDA reported that while Mexico, the largest U.S. turkey export market, imported over 2 million lb. more than last October, shipments to Hong Kong decreased by more than 3 million lb. year over year. Despite the declines, increased shipments to several countries in Latin America are expected to support fourth-quarter exports. The fourth-quarter export forecast was increased to 167 million lb.
Regarding exports in 2020, USDA said a large share of the expected growth will occur in the second half of the year. USDA has increased its 2020 export forecast to 680 million lb., more than 6% higher than the 2019 export forecast.