Beef Buzz News
U.S. Meat Eport Federation Bracing For Full Impact of COVID-19
Thu, 30 Apr 2020 10:06:50 CDT
The full impact of the COVID-19 pandemic has not completely hit the U.S. meat export market but Dan Halstrom, president and CEO of the U.S. Meat Export Federation, said his group is bracing for lower numbers. Halstrom spoke with Radio Oklahoma Agriculture Network Associate Farm Director and Editor KC Sheperd this week.
"It's forced us to be very fluid and creative in how we deal with the market," Halstrom said. "Through March, we haven't seen much of an impact but in April the more concern there is, because the U.S. is seen as the gold standard in terms of a reliable supply partner for Asia and Latin America. So far the disruption has been minimal."
Halstrom said business in general in Asia is improving.
Most of Asia is starting to come out of the cloud of COVID-19, he said.
He emphasized it is not normal, but rather on the road back to normal.
Halstrom pointed out Japan, the largest U.S. beef export customer, had increased purchases by 10 percent through February. He said this is due in large part to the trade agreement with Japan enacted Jan. 1.
The export numbers are more sobering for Mexico which showed only a 5 percent increase in February and Halstrom expects smaller export figures for March and April.
He said Mexico, and Latin America in general, is lagging the U.S. in dealing with COVID-19. Halstrom is concerned that Latin America may not be as well equipped as Asia to handle a speedy recovery from the pandemic.
Click on the LISTEN BAR below to hear KC Sheperd's complete interview with 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.
KC Sheperd Beef Buzzes With Dan Halstrom
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