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


Agricultural News

U.S. Beef And Pork Exports Are Increasing as Countries Begin Rebound From Pandemic

Thu, 21 Jan 2021 15:30:00 CST

U.S. Beef And Pork Exports Are Increasing as Countries Begin Rebound From Pandemic U.S. beef and pork exports are booming according to the latest numbers from the U.S. Meat Export Federation.

Dan Halstrom, president and CEO of USMEF, was recently interviewed by Radio Oklahoma Agriculture Network Associate Farm Director and Editor KC Sheperd.

November was a really good month as we were up 6 percent compared to a year ago, Halstrom said.

This is encouraging to see a rebound and the one that stands out is Mexico, he said.

Mexico was several months behind the U.S. on the Covid lockdown so itís encouraging to see the first signs of a rebound, Halstrom said.

The good news continued with pork exports which are about the same as a year ago and set a new annual record, Halstrom said, as weíre going to see growth of 14 to 15 percent.

A lot of the pork increase is due to China in the first half of 2020 but Halstrom said Mexico has also contributed to the higher numbers.

The pork rebound is really strong in Mexico and Japan, Halstrom said.

The strong beef numbers could signal a major rebound in the eastern countries of China, Japan and Vietnam, he said.

Latin America is way behind the curve so itís going to be awhile for meat exports to rebound, he said.

When we get the December stats it will probably show weíll be down 3 or 4 percent on beef for 2020, he said.

However, for 2021, the USMEF is expecting a 10 percent growth, which would be a new record.

But there is a rocky road ahead with many ups and downs, Halstrom said.

Prime example is Japan which has had several spikes.

On beef the longer we go into 2021 the better the numbers will get, he said.

On pork, with a total growth of 2 or 3 percent frontloaded in the early part of the year, he said.

We see broad-based growth in a lot of different countries, Halstrom said.

China could very well be one of the bright beef stories again in 2021, he added.

Lamb is a growing protein source in the Japan, Taiwan and the NAFTA countries, Halstrom said.

With a new administration, Halstrom is hesitant to get too concerned.

Itís too early to tell but many of the free trade negotiations are continuing with career employees moving forward, he said.

What really drives the global demand is the supply demand structure, he said.

The pandemic has actually increased beef demand in the e-commerce arena, Halstrom said, especially in places like Korea and Taiwan.

This was a trend before the pandemic, but it grew tenfold after the pandemic hit.

A lot of the growth in e-commerce is here to stay, he said.

The real home run here is the additional demand which will be good for all of us, Halstrom added.

You can click on the listen bar below to hear more of KCís interview with Dan Halstrom.


right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Don't Miss the Made In Oklahoma Store at the Oklahoma State Fair  Sat, 18 Sep 2021 05:06:39 CDT
  • NASDA Announces Ted McKinney as Chief Executive Officer  Fri, 17 Sep 2021 16:39:09 CDT
  • Congressman Frank Lucas Cosponsors Resolution Supporting Voluntary, Locally-Led Conservation  Fri, 17 Sep 2021 15:44:48 CDT
  • PCCA Announces Year-End Cash Distributions of More Than $21 Million to Grower-Owners  Fri, 17 Sep 2021 15:40:34 CDT
  • NCBA Confident in U.S. Cattle Record, Urges Open Dialogue on Methane Target  Fri, 17 Sep 2021 15:37:06 CDT
  • USDA Announces United Sorghum Checkoff Program Board Appointments  Fri, 17 Sep 2021 15:34:34 CDT
  • At Texas Tech Researchers Develop Interactive Virtual Tours to Bring Food and Ag Sciences to Students  Fri, 17 Sep 2021 15:31:12 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. Friday, September 17, 2021  Fri, 17 Sep 2021 15:26:23 CDT

  • 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 Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.


    Search OklahomaFarmReport.com

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.