Beef Buzz News
USMEF's Dan Halstrom Sees Signing of Ocean Reform Act Helping U.S. Meat Exporters Be Reliable Suppliers
Mon, 20 Jun 2022 13:23:16 CDT
Senior Farm and Ranch Broadcaster, Ron Hays, is speaking with the president and CEO of the U.S. Meat Export Federation, Dan Halstrom. Recently signed into law, Hays and Halstrom talk about the Ocean Shipping Reform Act and how it will give more leverage in making sure U.S. meat exports are treated fairly when moving to their end destinations.
Ron Hays Beef Buzzes with Dan Halstrom on Ocean Shipping Reform Act
"We have all been talking about international shipping or congestion for months now, and it continues to be a real problem threatening to slow down demand," Halstrom said. "Demand is still pretty good, but this threatens to slow it down."
The Ocean Shipping Reform Act, Halstrom said, which was signed into law recently is a big step forward. It will enable the industry, particularly exports, to gain leverage to ship products more promptly, he added.
"One of our big selling points as an export industry for beef and pork, in particular, has been the ability to ship reliably week after week," Halstrom said. "The last several months, that has not been the case."
While it will take some time to sort through the congestion, Halstrom said we are now in a good position and can look forward to a level playing field.
"One of the things that I think this act will do is hopefully put some pressure on the steamship lines to fill more of the containers and send them back full, rather than empty, back to Asia," Halstrom said.
The USMEF has been pushing with many other organizations in their industry for this sort of reform, Halstrom said, so it is rewarding to see it finally here.
What sets U.S. beef and pork apart from other supply sources in the world, Halstrom said, is our fresh, chilled products that have not been frozen.
"That means we need to have a reliable delivery service," Halstrom said. "You can ship it, but if it doesn't deliver on time, this is a problem."
Halstrom said because the U.S. has high-quality products to offer, the signing of the Ocean Shipping Reform Act was pertinent to help get back on the right track.
"The demand has been resilient, to say the least," Halstrom said. "The demand in some of these countries is record-breaking."
Halstrom credits growing global meat demand to an expanding middle class and increased spending power in many countries.
Foodservice is rebounding in Asia, Halstrom said, due to the recent termination of emergency Covid lockdowns in Japan and Korea, two of the United States' largest markets.
"We feel some pent-up demand on the food service side as we get into summer, which is usually a good time of year for demand in food service in a normal year," Halstrom said. "This year it might even be better than most because they have been locked down for so long and people are starting to get out."
Click the LISTEN BAR below to hear Ron Hays and Dan Hlstrom talk about an exciting time for the meat export industry with the recent signing of the Ocean Shipping Reform Act of 2022.
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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