Beef Buzz News
Latest Report Shows U.S. Meat Exports Surpisingly Strong
Wed, 10 Jun 2020 10:15:33 CDT
The latest U.S. meat export numbers are surprisingly good said Dan Halstrom, president and CEO of the U.S. Meat Export Federation as he recently spoke via Zoom with Radio Oklahoma Agriculture Network Associate Farm Director and Editor KC Sheperd.
KC Sheperd Beef Buzzes With Dan Halstrom
With all things considered, the results were fairly solid, Halstrom said.
On the beef side exports were down only about 6 percent globally, he said. Sales to Japan kept the market strong as they increased beef purchases 30 percent compared to a year ago and pork increased 28 percent, Halstrom said.
He credits the trade agreement with Japan as the main reason for the good sales.
Another bright spot for beef and pork is China.
We basically saw our numbers double for beef sales to China, Halstrom said.
Again, he points to the trade agreement with China as the main reason for the healthy export volume.
The Phase One trade agreement with China was implemented in March so April was the first month of statistics, Halstrom said.
The African continent is also showing good strength in buying U.S. variety meats.
Places like Angola and South Africa are taking larger shares of beef variety meats, he said.
The meat export executive said he is concerned about the Latin American and Mexican market.
They are a few weeks behind the U.S. in dealing with the pandemic lockdown, he said. Beef purchases are down 47 percent for April, and he expects the May numbers to show low exports as well.
Click on the LISTEN BAR below to hear more of the interview with Dan Halstrom and KC Sheperd.
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