Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
   
   
   
   
    
   
   
     
   
   
   

Beef Buzz News


Beef Demand Index Showing Continued Positive Signs, K-State Economist Says

Mon, 27 Feb 2012 18:23:43 CST

Beef Demand Index Showing Continued Positive Signs, K-State Economist Says
Demand for beef is on the rise domestically and internationally. That’s what livestock economist Dr. Glynn Tonsor of Kansas State University says, but he also says there are challenges ahead.

“Beef demand is up 2 ½ percent in 2011 relative to 2010. That’s the first year there’s been an annual increase since back to 2004, the Atkins diet era, if you like. So that’s good.”

He says part of the reason is not that demand has necessarily soared to new heights, but that demand is beginning to recover along with the broader economy.

“The fourth quarter of 2011 was the sixth consecutive quarter that there’s a year-over-year increase in demand. One of the reasons that’s occurring is a lot of those quarters are compared to the depths of the recession. The fact that there’s been staying power over six quarters, that’s a good thing.”

Even with the incremental improvement, there is still a lot of room for growth, Dr. Tonsor says.

“The industry has fallen off the demand front notably since 1980. 2011’s index of 51.7 is weaker than 2008, but we’ve improved 2010 beyond 2009, but we’re weaker than in years prior to that. So we have a long, long way to go.”

One issue that producers need to watch to be in the best position to increase demand in coming years, he says, is the issue of individual animal traceability. He says the U.S. is falling behind and that could hurt exports.

“If you believe, as I do, that global demand is where the future is for demand growth more so than domestic demand growth, that’s a big deal because in the global arena you have to compete with other countries and one of the stipulations of trade is animal ID and traceability to certify other claims. So the industry needs to pay-I truly believe this-due attention because there is a very real risk a major importing country will decide with, maybe, the help of one of our major exporters twisting their arm, that we need to quote, unquote “raise the bar” of what the minimum amount of animal ID and traceability capabilities are in any country they want to import from.”


   


    

Press the Listen Bar To Hear Dr. Glynn Tonsor on Beef Demand
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Cattle on Feed Preview- Jim Robb Sees On Feed Numbers Even With Last Year  Thu, 24 Apr 2014 05:58:24 CDT
  • NCBA to APHIS- Withdraw the Rule on Brazilian Beef and Redo Risk and Economic Assessments   Wed, 23 Apr 2014 04:07:15 CDT
  • Volume Pressures Boxed Beef Lower, but Softness Likely Fleeting, Jim Robb Says  Tue, 22 Apr 2014 16:15:09 CDT
  • FSA Now Ready, Willing and Able to Work With Producers on Disaster Assistance  Fri, 18 Apr 2014 12:07:57 CDT
  • Livestock Economist Derrell Peel: Record-High Beef Prices Probably Peaking  Thu, 17 Apr 2014 12:25:13 CDT
  • Early Weaning Can Be a Drought Response Strategy  Wed, 16 Apr 2014 03:31:33 CDT
  • Ranchers- Don't Lose Your Social License!  Fri, 11 Apr 2014 06:02:19 CDT
  • Legislation Headed to the Desk of the Governor to Move Toward a State Beef Checkoff  Mon, 07 Apr 2014 05:46:00 CDT
  • New EPA, Army Corps Proposal Amounts to 'Land Grab,' Says NCBA Environmental Counsel  Wed, 02 Apr 2014 12:40:47 CDT
  • Ensuring Consistent Body Condition of Mama Cows Proves Profitable, Selk Says  Tue, 01 Apr 2014 10:58:17 CDT
  • If EPA Gets Their Way- Your Ditches Will Be Declared Waterways- Ashley McDonald of NCBA  Thu, 27 Mar 2014 20:39:29 CDT
  • Hereford Genetics Offer Key Traits to More Efficiently Feed Growing Population  Wed, 26 Mar 2014 15:54:41 CDT
  • Genomics Offer One of the Keys to Producing More Beef and Better Beef  Tue, 25 Mar 2014 04:43:56 CDT
  • OYE Steer Judge Jack Ward Talks The Right Kind of Steer and the Right Kind of Kids at 2014 OYE  Fri, 21 Mar 2014 06:43:54 CDT
  • OYE Beef Heifer Judge Talks Connections Between Show Animals and Mama Cow Herds  Tue, 18 Mar 2014 06:01:27 CDT
  • No Sign of Backing Off Strong Feeder and Stocker Prices- Derrell Peel  Mon, 17 Mar 2014 07:55:06 CDT
  • History Can Teach Southern Plains Ranchers Valuable Lessons, Jay O'Brien Says  Tue, 11 Mar 2014 15:56:30 CDT
  • Checkoff Dollars put Digital Media Front and Center in Consumers' Beef Decisions  Wed, 05 Mar 2014 06:10:11 CST
  • Checkoff Dollars put Digital Media Front and Center in Consumers' Beef Decisions  Tue, 04 Mar 2014 19:05:03 CST
  • Risk Management More Important Than Ever for Cattle Producers, Jeri Donnell Says  Mon, 03 Mar 2014 12:38:24 CST
  • Beef Buzz- Derrell Peel on Drought and Beef Herd Rebuilding  Tue, 25 Feb 2014 03:16:15 CST
  • Cattle on Feed Placements Jump in January- But Overall Supplies Remain Tight- Derrell Peel  Mon, 24 Feb 2014 04:38:23 CST
  • Gotta Rain to Have Forage- Gotta Have Forage to ReBuild US Beef Cow Herd- Derrell Peel  Thu, 20 Feb 2014 20:53:52 CST
  • Sustainability Offers Platform for Tremendous Growth, McDonald's VP Says  Mon, 17 Feb 2014 14:47:08 CST
  • Beef Demand Continues Positive Trajectory for 2014, Glynn Tonsor says  Thu, 13 Feb 2014 11:54:42 CST
  • Boehringer Ingelheim Sponsors BQA Certification for Second Year  Wed, 12 Feb 2014 15:45:11 CST
  • Talking State of the Beef Industry 2014- We Visit with Randy Blach of Cattlefax  Fri, 07 Feb 2014 05:14:34 CST
  • Randy Blach Tells Cattlefax Seminar Attendees- We Have Got to Rebuild the Beef Cow Herd In the Next 1 to 4 Years  Wed, 05 Feb 2014 16:48:00 CST
  • Authenticity is the Key to Consumers Minds and Hearts, Molly McAdams Says  Tue, 04 Feb 2014 10:57:34 CST
  • Cattle Industry Convention Set for Nashville Next Week- We Talk With NCBA President Scott George  Fri, 31 Jan 2014 05:14:40 CST
  • Feedlot Numbers Five Percent Smaller Than at Start of 2013  Sat, 25 Jan 2014 12:31:57 CST
  • Using Sustainability to Bolster Beef Demand Among Millennial Generation Consumers  Thu, 23 Jan 2014 12:50:16 CST
  • Dr. Bob Weaber Demystifies Sire Selection for Calving Ease  Tue, 21 Jan 2014 16:19:10 CST
  • Beef Industry Faces Numerous Challenges from Regulators and Activists  Mon, 20 Jan 2014 18:45:08 CST
  • Market Conditions Conducive to Beef Herd Expansion in 2014, Derrell Peel Says  Thu, 16 Jan 2014 11:47:01 CST

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   Jan 14  |   Feb 14  |   Mar 14  |   Apr 14  |   May 14  |   Jun 14  |   Jul 14  |   Aug 14  |   Sep 14  |   Oct 14  |   Nov 14  |   Dec 14
       

    Ron salutes our daily email sponsors!

    Tulsa Farm Show Croplan Genetics Johnston Enterprises P&K Equipment American Farmers & Ranchers KIS FUTURES, INC. Stillwater Milling Oklahoma Cattlemen's Association Oklahoma Farm Bureau Big Iron

       
       
    © 2008-2014 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI