fbpx
Print this page
Wednesday, 22 April 2020 11:25

US market a ‘nightmare’

Written by  Peter Burke
Beef+Lamb NZ chief executive Sam McIvor. Beef+Lamb NZ chief executive Sam McIvor.

The US meat market is becoming something of a nightmare for NZ meat exporters with situations changing – in some cases – on a daily basis.

Beef+Lamb NZ chief executive Sam McIvor says globally the meat market is in a very fluid situation. He says while the Chinese market has picked up, the situation in the US remains challenging. 

McIvor points to the fact that many meat processing plants in the US have closed down. A plant, which produces about 5% of pork in the US, is one of these – due to the fact that 300 staff had tested positive for COVID-19.

Meanwhile, a large beef processing facility in Colorado has also closed down for the same reason and a US meat industry leader there says: “meat supply is perilously close to the edge”.

McIvor says the situation in America is tumultuous and unpredictable. He says the problems range from a lack of containers to problems at some ports and disruptions to supply chains. 

“We still know the fundamental supply and demand is still good for red meat, it’s just how things change and operate in the short term.”

McIvor says NZ processors are doing a good job but will have to monitor and track their product carefully to ensure it gets to market. He says this will require agility.

More like this

McIvor moving to OSPRI

Beef + Lamb New Zealand chief executive for the past eight years, Sam McIvor is heading for new pastures at Ospri, which runs NZ’s integrated animal disease management and traceability service.

Featured

Feds make case for rural bank lending probe

Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.

MPI cuts 391 jobs

The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.

National

Fonterra unveils divestment plan

Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra…

Fonterra appoints new CFO

Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.

Machinery & Products

GPS in control

In a move that will make harvesting operations easier, particularly in odd-shaped paddocks, Kuhn has announced that GPS section control…