“Net Negative” Overall Meat Consumption and Imports to Hong Kong

Approximately 90 million continue living under a form of lockdown orders in Hong Kong and surrounding areas, resulting in decreased meat consumption and import issues.
Approximately 90 million continue living under a form of lockdown orders in Hong Kong and surrounding areas, resulting in decreased meat consumption and import issues.
(Canva.com)

“A net negative for overall meat consumption and imports” in Hong Kong and some areas of China, said U.S. Meat Export Federation (USMEF), senior vice president Joel Haggard.

While many Asian countries begin to ease COVID and social distancing restrictions, approximately 90 million continue living under a form of lockdown orders, said the USMEF report.

The report explained how Hong Kong authorities considered a plan to COVID test every resident three times over a period of nine to ten days. As daily cases have continued at high levels, the Hong Kong government decided that pushing the entire population into community testing centers is impractical.

Haggard reported that 50 million people remain in strict lockdown and another 40 million in partial lockdown has affected the meat imports in several ways.

Supply chain issues, specifically movement from ports to central warehouses, have slowed the delivery of food to the public, Haggard said. In addition, restaurants are required to close by 6pm and can only allow two people per table.

“Everyone's hoping this wave will be short term and that normalcy will return soon,” Haggard concluded.

 

Latest News

Markets: Cash Cattle Rebound, Futures Notch Four-Week High
Markets: Cash Cattle Rebound, Futures Notch Four-Week High

After a mostly sluggish April, market-ready fed cattle saw a solid rally in the North and steady money in the South. Futures markets began to look past the psychologically bearish H5N1 virus news.

APHIS To Require Electronic Animal ID for Certain Cattle and Bison
APHIS To Require Electronic Animal ID for Certain Cattle and Bison

APHIS issued its final rule on animal ID that has been in place since 2013, switching from solely visual tags to tags that are both electronically and visually readable for certain classes of cattle moving interstate.

How Do Wind, Solar, Renewable Energy Effect Land Values?
How Do Wind, Solar, Renewable Energy Effect Land Values?

“If we step back and look at what that means for farmland, we're taking our energy production system from highly centralized production facilities and we have to distribute it,” says David Muth.

Ranchers Concerned Over Six Confirmed Wolf Kills in Colorado
Ranchers Concerned Over Six Confirmed Wolf Kills in Colorado

Six wolf depredations of cattle have been confirmed in Colorado from reintroduced wolves.

Profit Tracker: Packer Losses Mount; Pork Margins Solid
Profit Tracker: Packer Losses Mount; Pork Margins Solid

Cattle and hog feeders find dramatically lower feed costs compared to last year with higher live anumal sales prices. Beef packers continue to struggle with negative margins.

Applying the Soil Health Principles to Fit Your Operation
Applying the Soil Health Principles to Fit Your Operation

What’s your context? One of the 6 soil health principles we discuss in this week’s episode is knowing your context. What’s yours? What is your goal? What’s the reason you run cattle?