Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Agricultural News


USMEF President Dan Halstrom Calls US-Japan Deal Best Positive News in 2019 for Agriculture

Tue, 10 Dec 2019 14:02:04 CST

USMEF President Dan Halstrom Calls US-Japan Deal Best Positive News in 2019 for Agriculture


Word came this last week that we are in the final steps to get the U.S./Japanese partial trade deal across the finish line and implemented. The deal was cut by President Trump and Prime Minister Shinz? Abe. Dan Halstrom, President, and CEO of the U.S. Meat Export Federation says this is excellent news, "I personally think this U.S./Japan agricultural agreement is probably the biggest positive thing that hit agriculture in 2019. This is a big deal in terms of getting us on a level playing field with our international competition. On the beef side, we are at 12.5/13% duty disadvantage to the Australians, to the Canadians, etc. On the pork side, we are also at a disadvantage on duty with season ground pork, processed pork products, and other items as well. This agreement will get us on a level playing field where we can compete, and we can excel in those segments we are focused on which is primarily the chilled beef programs and the chilled pork programs and also the processed pork that I mentioned earlier."


Halstrom said last year, Japan accounted for 3.7 billion dollars in export sales of beef and pork combined. He says they would like to grow that number closer to $5 billion in the next few years. It's not just the dollar amount, its also the profitability of the cuts that the Japanese prefer, "Not only is it good news in terms of the export quantity and export value, but keep in mind one of the largest margin opportunities for the industry is Japan. On a lot of fronts, this is really really good news."


Halstrom says that when the Trump administration backed out of the trans-pacific partnership, it was almost certain that we would start losing ground when it came to tariff rates to our major competitors, Australia, New Zealand, Canada, and even Mexico. All these countries have a significant tariff advantage over U.S beef right now. Most recent U.S. meat export numbers through October showed about an 11% drop in U.S. beef exports compared to a year ago. We were down 2.5% for the year both on value and on the volume of U.S. beef overall. A big chunk of that is because we're falling behind in the Japanese Market.


As of January 1, we have the opportunity to catch back up and compete on a level playing field with quality of U.S beef in the Japanese market. Halstrom says its important to thank everyone that was a part of this deal to get U.S back on that level playing field, "USMEF and agricultural industry in general, we really need to thank the USTR and USDA because a lot of time and resources have gone to working on this deal with Japan. This is our largest value market by far for both beef and pork and the administration really has been working on behalf of agriculture in general and in the beef and pork producers in particular and Prime Minister Abe of Japan has been very very supportive of the Agricultural trade, and trade in general. Without a doubt, we need to capitalize on this opportunity where we have a very trade-friendly Administration in the Japan government."


Click on the LISTEN BAR below to hear the complete interview with Dan Halstrom as he talks more with Ron Hays.


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.



   


   

Ron Hays Beef Buzzesith Dan Halstrom of USMEF
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       
       
       
       
       

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.