Phil Seng President & CEO U.S. Meat Export Federation International Markets Update
Global Beef & Beef Variety Meat Exports Source: USDA/USMEF Forecast 2009 Forecast 2.27 billion lbs 2008 Forecast 2.15 billion lbs (Billion pounds) 2003 Exports 2.81 billion lbs
Global Drivers Macroeconomic Factors Supply and Demand Market Access Marketing Programs Macroeconomic Factors Supply and Demand Market Access Marketing Programs
Denver Mexico City Moscow Brussels Beirut Tokyo Shanghai Taipei Seoul Singapore Guangzhou Monterrey St. Petersburg Hong Kong Beijing USMEF’s International Offices Caribbean *Consultants C/S America
Short plates, short ribs and tongues to Japan Rounds, outside skirts, and variety meats to Mexico Rounds and livers to Russia Short ribs, chuck rolls, variety meats to Korea Short plates, short ribs, and variety meats to Taiwan & China Livers to Egypt Carcass Value Maximization
Export Price Premiums *Based on USMEF Office estimate, Cost & Freight **USDA Choice Wholesale Weekly Average for Jan. 17, 2009 *Based on USMEF Office estimate, Cost & Freight **USDA Choice Wholesale Weekly Average for Jan. 17, 2009
USMEF Crisis Conference 危機
2009 Program Changes Japan: Develop new opportunities for additional cuts, especially in foodservice
2009 Program Changes Korea: Rebuild customer confidence in U.S. beef through promotions, consumer events, and PR
2009 Program Changes Mexico: Intensify retail point of sale programs
2009 Program Changes All Markets Companies, Cuts, Concepts Focus on under valued cuts & middle meats Emphasize displacing competition Develop new sales channels, including catering and convenience store chains All Markets Companies, Cuts, Concepts Focus on under valued cuts & middle meats Emphasize displacing competition Develop new sales channels, including catering and convenience store chains
Thank You