Beef Buzz News
Beef Exports For May Down 33 Percent But USMEF President Optimistic Numbers Will Improve Later This Year
Wed, 08 Jul 2020 09:30:04 CDT
The meat export numbers for the month of May were significantly lower and although stopping short of calling it a one-time event, Dan Halstrom, president and CEO of the U.S. Meat Export Federation, believes better days are ahead. Halstrom spoke with Radio Oklahoma Agriculture Network Associate Farm Director and Editor KC Sheperd.
I think it pretty much followed along the numbers we expected, Halstrom said.
May beef exports were down 33% from a year ago to 79,280 metric tons (mt), with value falling 34% to $480.1 million, as shipments were higher than a year ago to Hong Kong and China but trended lower to most other markets. For January through May, beef exports fell 3% below last year's pace in volume (512,596 mt) and 5% lower in value ($3.14 billion).
The export numbers were down on beef, as we saw the impact of the supply chain disruption that started in April, Halstrom said.
I think especially those markets provided with chilled products is where we saw a lot of the impact in places like Japan, Mexico, Taiwan and Korea, Halstrom said.
However, he remains positive about the outlook for rest of the year.
The fact we’re back to 95 percent of slaughter capacity it sets up well to see better numbers the rest of the year, Halstrom said.
The reason Halstrom is optimistic is because the demand for U.S. meat remains strong.
In places like China, Japan and Korea, they are on the backside of recovering and their markets are booming, Halstrom said.
If there is one region of the world where I am nervous is Mexico and Latin America where they are behind the U.S. in feeling the impacts, Halstrom said.
Their infrastructure is less equipped to deal with the impacts as compared to Asia and the U.S., he said.
It will come back but it will take more time than we had hoped, Halstrom said.
Click on the LISTEN BAR below to hear the complete interview with Dan Halstrom and KC Shepherd.
The Beef buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today’s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
Ron Hays Beef Buzzes With Dan Halstrom
right-click to download mp3
WebReadyTM Powered by WireReady® NSI
Beef News
Oklahoma Cattle Producers Cautiously Optimistic Says OCA's Michael Kelsey Fri, 22 Jan 2021 08:34:02 CST
MOU Between USDA and FDA on Gene Editing is Good Business Says NCBA's Ethan Lane Thu, 21 Jan 2021 08:24:49 CST
January Cattle Inventory Report Expected to Show a Stable U.S. Cow Herd Says OSU's Derrell Peel Wed, 20 Jan 2021 08:33:42 CST
Simmental Cattle Breeders Expect a Great Year After Their Success in 2020 Tue, 19 Jan 2021 08:05:42 CST
American Hereford Association Executive Jack Ward Proud of Breed's Genetic Improvements Mon, 18 Jan 2021 08:17:21 CST
Gene Editing Technology Could Soon Be Common Practice For Beef Cattle Industry Fri, 15 Jan 2021 08:08:55 CST
Seedstock Industry Undergone Many Changes in Last 20 Years, Says Jack Ward, American Hereford Association Thu, 14 Jan 2021 08:06:15 CST
2020 Taught Beef Producers a Valuable Lesson, Says American Angus Assoc. CEO Mark McCully Wed, 13 Jan 2021 10:42:47 CST
Angus Breeders Survived 2020 By Being Flexible And Quickly Adapting, Says CEO Mark McCully Tue, 12 Jan 2021 08:02:38 CST
Superior Livestock's Bell Ringer Sale Opens The Year With a Record Number of Cattle Offered Mon, 11 Jan 2021 08:45:57 CST
Oklahoma City's Central Location Helped Breed Association's Pivot Quickly When Denver Canceled, Says Shane Bedwell, American Hereford Association Fri, 08 Jan 2021 15:19:27 CST
Livestock Shows Offer "Eveball" Evaluation to Compliment Genetic Evaluation Thu, 07 Jan 2021 08:48:20 CST
Cattle Prices to Improve in 2021 Says Katelyn McCullock, Livestock Marketing Information Center Wed, 06 Jan 2021 08:29:06 CST
Limousin Breeders Excited to Display Cattle Genetics During Cattlemen's Congress Underway Now in Oklahoma City Tue, 05 Jan 2021 08:44:59 CST
With More Than 11,000 Head Entered, Cattlemen's Congress Livestock Show is Considered Essential to The Nation's Food Supply Tue, 05 Jan 2021 05:23:52 CST
With More Than 11,000 Head Entered, Cattlemen's Congress Livestock Show is Considered Essential to The Nation's Food Supply Mon, 04 Jan 2021 08:47:54 CST
New USDA Dietary Guidelines Good For Beef Industry, Says NCBA's Danielle Beck Thu, 31 Dec 2020 09:02:57 CST
NCBA's Ethan Lane Says There Are Some Positives to Having a Familiar Face Return to The USDA Wed, 30 Dec 2020 08:39:05 CST
NCBA's Ethan Lane Says Budget Bill Includes Several Good Things For Animal Agriculture Tue, 29 Dec 2020 08:34:38 CST
Budget and Corona Virus Aid Legislation Includes Additional Funds For Livestock Producers Mon, 28 Dec 2020 08:48:03 CST
Cattlemen's Congress Expected to Have a Huge Economic Impact Thu, 24 Dec 2020 08:17:54 CST
Cattlemen's Congress to Begin Jan. 2 in Oklahoma City Wed, 23 Dec 2020 07:58:47 CST
January Cattle Inventory Report Could Set The Stage For a Successful 2021, Says OSU's Derrell Peel Tue, 22 Dec 2020 08:08:22 CST
December Cattle on Feed Report Shows Market Wrinkles Have Been Mostly Erased Mon, 21 Dec 2020 10:34:04 CST
Beef Producers Seek New Promotion Opportunities And Will Sponsor NASCAR Race In February Fri, 18 Dec 2020 08:57:45 CST
New Study Shows Consumers Prefer Beef When Eating at Home During The Holidays Thu, 17 Dec 2020 11:00:59 CST
Cattle Markets Mixed as we Wrap up The Year, Says OSU's Dr. Peel Wed, 16 Dec 2020 18:53:58 CST
Lower Beef Cut Out Values Could Be Due to Seasonal Pressure, Says KSU's Dr. Glynn Tonsor Tue, 15 Dec 2020 08:36:10 CST
Hybrid Vigor Key For Commercial Cattle Producers, Says Veteran Texas Rancher Donnell Brown Mon, 14 Dec 2020 10:01:00 CST
Merck Animal Health Has New Technology to Optimize Value For Beef Cow Producers Fri, 11 Dec 2020 08:25:13 CST
Cattlemen's Congress Livestock Show to Crown First Ever National Champions For Open Class Heifer And Bull And Could Have $50 Million Economic Impact Thu, 10 Dec 2020 15:40:02 CST
OYE's Tyler Norvell Says They Are in Final Stages of Preperation For The Cattlemen's Congress in January Wed, 09 Dec 2020 10:46:25 CST
KSU Vet Dr. Jordan Gebhardt Talks About Bio Exclusion in The Feed Industry Tue, 08 Dec 2020 08:48:49 CST
Anti-Ag Animal Groups Keep Up Attacks During Pandemic But Message May Be Falling On Deaf Ears as Consumer Demand For Meat Increases Mon, 07 Dec 2020 08:15:54 CST
Anti-Animal Ag Groups Ramp Up Attacks During Pandemic Fri, 04 Dec 2020 08:40:31 CST
