Strong red meat sales to China is good news for US livestock producers
While overall ag sales to China are lagging expectations, that’s not the case for red meat. The head of the US Meat Export Federation says China is ahead of the expected pace when it comes to the Phase One trade agreement purchase obligations for pork.
President and CEO Dan Halstrom says he expects those strong pork sales to continue. “The reality is China continues to be short their domestic supply due to African swine fever,” he says. Pork sales in May to China were at 108,000 metric tons.
He tells Brownfield there’s also a lot of upside potential for beef sales into China. “We had big numbers for the month of May on beef,” he says. “1,700 metric tons, which compared to pork is small, but this was the largest month of beef exports that we’ve had since the reopening.”
Halstrom says that part of the agreement that didn’t go into place until March of this year.
AUDIO: Dan Halstrom, US Meat Export Federation