Beef Buzz News
U.S. Beef. It's What's for Dinner, Globally
Wed, 18 Aug 2021 10:23:37 CDT
U.S. beef is in high demand among Americans and abroad, with global exports up 18% from last year. Dan Halstrom, president and CEO of the U.S. Meat Export Federation, told Ron Hays a number of factors have opened doors for U.S. beef.
"Despite some of these headwinds - and we still have headwinds - retail is booming," Halstrom said.
The headwinds Halstrom is talking about is caused by - you guessed it - the continuing COVID-19 pandemic. With much of Asia still shut down and other countries YoYoing being "opened for business" and not, the U.S. beef industry has become good at adjusting where beef is sent.
"We've been reopening foodservice in Japan since a year ago," Halstrom said. "Then they have another (COVID-19) spike - we're in our fifth wave right now. We got very good, as an industry, at adjusting - if there's any positive out of the pandemic, it might be that."
Another steppingstone to success for the U.S. beef industry has been the Phase 1 trade deal with China, Halstrom said.
"The Phase 1 deal- was a homerun for the U.S. beef industry," Halstrom said. "It made plant registrations much easier and much more streamlined."
According to Halstrom, not much competes with grain-finished, U.S. beef in China's market. Plus, with the pandemic keeping everyone at home, people are having to cook for themselves more than ever and with that, learning how to cook beef.
"The more they eat, the more they get used to (beef), the more they're going to demand it and that's what we're seeing right now," Halstrom said.
Halstrom told Ron, he thinks U.S. beef export numbers will continue to grow, possibly closing the year with double-digit growth.
Click on the LISTEN BAR below to hear Ron's conversation with Dan Halstrom on U.S. beef exports.
Today's Beef Buzz, from the 2021 Cattle Industry Convention in Nashville, Tennessee, is a service of Farm Data Services of Stillwater.
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.
Listen to Ron and Dan's conversation here
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