Subject: Oklahoma's Latest Farm and Ranch News
From: Oklahoma Farm Report <ronphays@cox.net>
Date: 7/9/2020, 6:18 AM
To: ron.hays@radiooklahoma.net

Oklahoma's Latest Farm
And Ranch News

Your Update from Ron Hays of RON
Thursday, July 9, 2020

Beef Exports For May Down 33 Percent But USMEF President Optimistic Numbers Will Improve Later This Year
The meat export numbers for the month of May were significantly lower and although stopping short of calling it a one-time event, Dan Halstrom, president and CEO of the U.S. Meat Export Federation, believes better days are ahead. Halstrom spoke with Radio Oklahoma Agriculture Network Associate Farm Director and Editor KC Sheperd.

I think it pretty much followed along the numbers we expected, Halstrom said.

May beef exports were down 33% from a year ago to 79,280 metric tons (mt), with value falling 34% to $480.1 million, as shipments were higher than a year ago to Hong Kong and China but trended lower to most other markets. For January through May, beef exports fell 3% below last year's pace in volume (512,596 mt) and 5% lower in value ($3.14 billion).

The export numbers were down on beef, as we saw the impact of the supply chain disruption that started in April, Halstrom said.

I think especially those markets provided with chilled products is where we saw a lot of the impact in places like Japan, Mexico, Taiwan and Korea, Halstrom said.
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