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Your Update from Ron Hays of RON
Friday, August 7, 2020
June Not a Good Month for Pork and Beef Exports- But Second Half of 2020 Likely to be Better

June exports of U.S. pork fell below year-ago levels for the first time this year but exports remain on a record pace in 2020, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports were down sharply from a year ago in June, reflecting a lingering impact of a temporary slowdown in beef production combined with restrictions on foodservice and weakening economies in major import markets.

"We expected that the interruptions in red meat production would continue to weigh on June exports, but anticipated more of a rebound from the low May totals - particularly for beef," said USMEF President and CEO Dan Halstrom. "But it takes time for the entire chain to adjust to supply shocks, and thus it was another difficult month for exports. However, weekly U.S. export data suggest an upward trend in demand in most markets, and with production recovering the U.S. has regained its supply advantage. So we expect beef and pork exports to regain momentum in the second half of the year."

Click on the Button below to dive into the numbers for June from the US Meat Export Federation.
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In our latest Road to Rural Prosperity- I am joined on the phone from Washington with Oklahoma's Senior Member of our Congressional Delegation- Senator Jim Inhofe. We begin the conversation talking about the Supreme Court Case that will likely need that delegation to develop a legislative fix that allows tribal sovereignty to mesh with the power of the state- we also talk about Senator Inhofe's work on several bills aimed at helping Oklahoma Agriculture deal with the Pandemic- the Senator offers an update on the HEALs act negotiations and offers his reasons for wanting to be elected for another six years

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Tim West
President/General Manager
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Ron Hays
Director of Farm Programming
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