Robust Red Meat Demand Despite Current Trade Environment

Despite a chaotic trade environment, demand remains healthy for U.S. pork, beef and lamb. During the U.S. Meat Export Federation Strategic Planning Conference in Indianapolis, USMEF President and CEO Dan Halstrom said ongoing negotiations may lead to new opportunities for U.S. red meat exports, especially in Southeast Asia. The strained relationship with China remains an issue for U.S. beef. In addition to tariffs, China delisted plants and failed to renew registrations for most U.S. beef processing facilities. Halstrom said the lockout from China could extend into next year. Pork exports are just below last year’s record pace, with Mexico, Central America and Colombia being key markets.