Beef Buzz News
Dan Halstrom with USMEF Sees 2022 Off to a Promising Start
Thu, 14 Apr 2022 13:12:37 CDT
On today’s Beef Buzz, hosted by Ron Hays, listen to comments from KC Sheperd’s interview with President and CEO of the U.S. Meat Export Federation, Dan Halstrom, as he gives insight on where the U.S. stands in the first couple of months of beef exports for 2022.
Halstrom said the momentum on the beef side continues with broad based growth across several different regions such as Taiwan, Central America, South America, Africa, and the Caribbean.
“Korea and Japan were down a bit,” Halstrom said. “Japan was almost steady but off some pretty big numbers from a year ago.”
China, Halstrom said, is almost double from a year ago at just under 17,000 metric tons.
“I think the broad-based growth continues to be the story on the beef side across a variety of countries,” Halstrom said. “The value per head is strong again- a little bit lower than January- but 456 dollars a head, so that is about 100 dollars a head higher than the previous year.”
When talking about the top end of our beef export customers, Halstrom said relevancy is broader than places like Japan, Korea, China, Hong Kong and even Mexico.
“You really need to talk about central America and south America,” Halstrom said. “You need to talk about Africa and the middle east on variety meats- they are all contributing.”
Looking at a market like Taiwan, Halstrom said on the surface that may not seem like a big market, where 12,000 tons up 60 percent. Taiwan is a very important chilled beef market because it makes up a large percentage of high-end retail in Taiwan.
“Really, you need to look at probably the top eight to ten markets,” Halstrom said. “They are all contributing to on the beef side without a doubt.”
Looking back on 2021, we can see that it was a billion-dollar year for variety meat out of the United States. Halstrom said we are going to see continued growth.
“We are up about six or seven percent year-to-date,” Halstrom said. “On the export side, part of that is we are capturing more of these variety meats at the plants.”
Halstrom said labor is slowly improving the ability to capture a high percentage of variety meat production, so that is part of the reason we are seeing growth because a vast majority of these variety meats are being exported.
“That being said, you look across the list year-to-date, you know Mexico is seeing growth,” Halstrom said. “A lot of tripe goes down to Mexico, beef lips, things like this.”
In the Middle East, which is dominated by Egypt, Halstrom said livers are up big. Japan is up on inside skirts and hanging tenders, which are classified as variety meats, Halstrom said.
“So really having these 8 or 10 key markets really shine through on the variety meat side because having more markets there, rather than less, allows us to maximize that value side,” Halstrom said.
Click on the LISTEN BAR below to hear more from Dan Halstrom on the beef export market.
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.
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