Grill Could Be “Center of Activity” To Boost Domestic Meat Demand
via Drovers - June 24, 2020
The nation is pushing towards re-opening this week if it hasn’t already.
New York’s mid-Hudson region moved to a Phase III plan Tuesday, reopening for indoor dining. New York City entered Phase II, earlier in the week, reopening restaurants to outdoor dining.
Even though some Midwestern areas aren’t back to normalcy yet, some analysts believe meat demand will be strong. Ted Seifried, vice president and chief ag market strategist of Zaner Ag Hedge, believes domestic meat demand this summer could be stronger than what we’ve seen in previous years.
“I think demand is going to be really rather strong throughout the summer grilling season,” says Seifried.
He believes domestic demand will be ample during the summer as people want to get in their backyards and grill.
“We are tired of being in our houses and I think the grill is going to become the center of activity for us during the summer,” says Seifried.
The U.S. Meat Export Federation (USMEF) released its April export numbers earlier in the month. The federation says beef exports were below last April’s large totals but still topped $600 million in value. Pork exports remained well above year-ago levels but slowed from the record pace established in the first quarter.
“It’s nice to see the rest of the world coming in and making these purchases,” says Seifried...