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Tyson Foods, Mountaire outperform peers as meat lags U.S. food export boom

Ags - Grains/Beans 267 Ags - Meat/Dairy 220 China 2731 Consumer Staples 668 U.S. 4855

The USDA has increased its forecast for U.S. exports of agricultural products in the 12 months to Sept. 30 by 3.3% compared to its November estimates due to stronger expected exports of soybeans and cereals. That likely includes the assumption that the phase 1 trade deal with China will remain in place. U.S. exports of oil seeds (including soybeans) and cereals climbed 74.1% and 52.0% higher year over year in Q4’20 while meat and dairy rose by a more modest 1.5%. Meat exports may have been held back by a shortage of empty containers while global trade flows of meat have also been distort...

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