Beef Buzz News
U.S. Meat Export Glass is Half Full But It's Filling Up Fast Says USMEF's Dan Halstrom
Fri, 20 Nov 2020 08:19:55 CST
The meat export glass is half full with a lot of room at the top says Dan Halstrom, president and CEO of the U.S. Meat Export Federation.
Ron Hays Beef Buzzes With Dan Halstrom
Halstrom recently spoke via Zoom with Radio Oklahoma Agriculture Network Associate Farm Director and Editor KC Sheperd.
All things considered things are looking pretty good, Halstrom said.
On the beef side we're down about 8 percent for the year with a lot of that coming in the spring due to the covid shutdown, he said.
In June the supply pipeline was lacking supply even though the demand was good, he said. That has since corrected but we had some missed sales, he added.
We're forecasting an increased growth rate at the end of the year so for 2020 probably down about 3 or 4 percent total, he said.
Robust forecast for 2021 up about 10 percent which would be a new record, he said.
On the pork side, there is a different scenario with similar results, Halstrom said.
We will probably see a 12 to 14 percent growth this year mostly from the Asian market, and that would be a new pork record, Halstrom said.
Consumption levels are above what they were pre-covid in countries like Hong Kong and China, he said.
In some countries the food service is back to normal.
In the Latin American countries, we are not there yet, Halstrom said.
In September sales to Mexico were down 31 percent and that is mostly demand related on the food service side, Halstrom said.
I think pork will be back before the end of the year in Latin America and beef sometime in early 2021, Halstrom said.
There's a lot of upside in Latin America, he added.
Click on the LISTEN BAR below to hear more of KC's 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.
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