Beef Buzz News
U.S. Beef Exports Expected to Increase 10 percent in 2021 Due to Growing E-Commerce Trade Says Dan Halstrom, USMEF
Wed, 27 Jan 2021 08:20:09 CST
The COVID-19 pandemic slammed U.S. beef exports but Dan Halstrom, president and CEO of the U.S. Meat Export Federation, expects a strong recovery in 2021.
If you look at Asia, Vietnam, China, Hong Kong and Taiwan, they are virtually back to normal, Halstrom said.
Latin America is way behind the curve and it's going to be some time before they are back to normal, he said, while many other countries are somewhere in between.
We're forecasting a 3 or 4 percent decline for beef for 2020, Halstrom said.
However, for 2021, the USMEF is expecting a 10 percent growth, which would be a new record, Halstrom said.
But there is a rocky road ahead with many ups and downs, Halstrom said.
Prime example is Japan which has had several spikes.
One of the reasons Halstrom is optimistic about 2021 is the booming e-commerce trend that actually started before the pandemic.
Korea is the frontrunner, he said.
Convenience was pushing the trend until Covid but then it ramped up tenfold, he said.
Whatever the new normal looks like, a lot of the growth in e-commerce is here to stay, Halstrom said.
It will be another avenue to market our products globally, he added.
Click on the LISTEN BAR below to hear more comments from Dan Halstrom.
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
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