In this file:
· Cattle President Says Signing Trade Deal With Japan Is Timely For U.S. Beef
· USMEF's Dan Halstrom on What Japan's Meat Trade Really Wants from the US Beef Cattle Industry
Cattle President Says Signing Trade Deal With Japan Is Timely For U.S. Beef
Radio 570 WNAX (SD)
Sep 19, 2019
President Donald Trump has notified Congress he will sign a trade agreement with Japan as talks wrap up yet this month. Nebraska Cattlemen Association President Mike Drinnen says that deal couldn’t be timelier for the nation’s cattle producers. Having the 38.5-percent tariff on U.S. beef imports drop to levels in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership keeps the U.S. competitive with leading global exporters already in the pact.
Last year, U.S. agricultural exports to Japan including beef, corn, pork, soybeans and wheat totaled $13 billion. Drinnen says this new agreement has the potential to increase that even more.
He says the fact the Japan agreement goes into effect immediately when President Trump signs it is great news for America’s ranchers and farmers...
more, including audio [1:17 min.]
USMEF's Dan Halstrom on What Japan's Meat Trade Really Wants from the US Beef Cattle Industry
Oklahoma Farm Report
19 Sep 2019
Dan Halstrom, president and CEO of the US Meat Export Federation has been in abroad recently as part of a trade mission to Japan. In an interview with Radio Oklahoma Ag Network Farm Director Ron Hays, he explained what exactly it is the Japanese meat trade wants from the US beef industry.
“They want us to continue being a very reliable supplier as we have been for decades on beef to Japan,” Halstrom said. “I think our major importers, our major trade partners, the customers of those importers and the retailers and food service companies, etc.... I think there is a large amount of enthusiasm for the progress that’s being made under the negotiations process and the fact that sooner rather than later we will be on a competitive level playing field.”
Halstrom insists the relationship between the US beef industry and its loyal Japanese customers is very important to their mutual success. Halstrom reports that in 2003, prior to the infamous BSE scare, the US controlled approximately 70% of Japan’s imported beef business. Ever since then, after the BSE scare, the US beef industry has been battling to regain that lost ground from its competitors. Today, US market share in that arena is about 50%. With a formal bilateral trade agreement in the works between the US and Japan, coupled with the level of enthusiasm of Japanese customers behind that deal, Halstrom is confident in the industry’s future prospects to expand.
“There is room to grow compared to pre-BSE and our major customers in Japan can remember those days and I think they are well-positioned to increase their business with the US given all this recent progress,” he said...
more, including audio [5:19 min.]