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

  • Scott George Addresses Changes to Beef Checkoff to Attract More Contractors  Thu, 18 Sep 2014 15:50:24 CDT
  • Beef Checkoff Working Group Moving Forward  Wed, 17 Sep 2014 12:20:43 CDT
  • Past NCBA President Disappointed NFU Leaves Checkoff Discussions  Tue, 16 Sep 2014 14:32:58 CDT
  • Genomics Key to Long Term Vision of Beef Production  Mon, 15 Sep 2014 11:57:11 CDT
  • Consumers Push-Back Over Record Beef Prices   Fri, 12 Sep 2014 14:59:12 CDT
  • Japanese Love Combination of US Beef and Baseball   Thu, 11 Sep 2014 12:21:24 CDT
  • Peel Urges Producers to Rethink Cattle Production Decisions  Wed, 10 Sep 2014 17:15:57 CDT
  • Boehringer Ingelheim Vetmedica Offers BQA Incentive  Tue, 09 Sep 2014 15:05:31 CDT
  • US Animal Agriculture Champions of Production Efficiency  Fri, 05 Sep 2014 12:05:53 CDT
  • Mitloehner Slams Research Blaming Cattle for Excess Methane Emissions  Thu, 04 Sep 2014 16:04:01 CDT
  • Mitloehner Busts Myth of Meatless Mondays   Wed, 03 Sep 2014 12:16:42 CDT
  • UC Davis Researcher Targets UN Over GHG Emissions   Tue, 02 Sep 2014 15:21:58 CDT
  • USDA Awards Grant to Study Water Efficiency In Cattle Production   Fri, 29 Aug 2014 12:26:29 CDT
  • OSU Researching Water Consumption In Cattle   Thu, 28 Aug 2014 09:21:00 CDT
  • Canadian Ag Minister Offers Fix for COOL   Wed, 27 Aug 2014 12:03:56 CDT
  • Both Sides Await WTO Country of Origin Labeling Ruling  Tue, 26 Aug 2014 11:07:07 CDT
  • For Cow Calf Producers- A Great Time to Be in the Cattle Business- Derrell Peel Tells All  Sat, 23 Aug 2014 20:02:49 CDT
  • Derrell Peel Offers Analysis on Current State of the Cattle Market  Thu, 21 Aug 2014 13:59:04 CDT
  • In the Midst of Structural Change- NCBA Grows Their Membership  Wed, 20 Aug 2014 12:46:46 CDT
  • Beef Demand Index Up Substantially Despite High Prices  Fri, 15 Aug 2014 13:05:39 CDT
  • NCBA Says US Agriculture Can't Afford to Lose WOTUS Battle   Thu, 14 Aug 2014 12:09:54 CDT
  • NCBA Shows Scope of WOTUS Rule  Wed, 13 Aug 2014 11:38:33 CDT
  • Record Beef Prices Supported by Demand and PEDV  Tue, 12 Aug 2014 11:39:56 CDT
  • Dr. Plain Says Record Prices Put Cattlemen at Crossroads  Mon, 11 Aug 2014 10:58:18 CDT
  • USMEF Phil Seng Says Reverbs on COOL Will Be Wakeup Call for Congress  Fri, 08 Aug 2014 14:59:13 CDT
  • Amid Record Prices, USMEF Promotes Value of US Beef   Thu, 07 Aug 2014 11:39:52 CDT
  • US Beef on Track to Break Export Records in 2014  Wed, 06 Aug 2014 12:17:53 CDT
  • Kevin Good of Cattlefax Forecasts Strong Markets into 2015  Tue, 05 Aug 2014 15:32:47 CDT
  • NCBA's Kristina Butts Believes WTO Ruling on COOl to be Made Public in September  Fri, 01 Aug 2014 06:18:28 CDT
  • Head of Texas Cattle Feeders Discusses State of Industry  Thu, 31 Jul 2014 12:14:11 CDT
  • Global Growth Committee Addressing Exports and Millennial Beef Demand   Wed, 30 Jul 2014 10:24:24 CDT
  • Robb says Fed Cattle Markets At Transition For Price Discovery  Tue, 29 Jul 2014 18:45:03 CDT
  • 2014 Transition Point for Cattle Markets and Herd Rebuilding  Mon, 28 Jul 2014 12:32:43 CDT
  • Americans Continue to Demand Beef Amidst Record Prices   Fri, 25 Jul 2014 17:53:12 CDT
  • Redlands Building Cattle Herd and Future Producers   Thu, 24 Jul 2014 19:44:03 CDT

  •  

    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!

    Wireless Pioneer Tulsa Farm Show Croplan Genetics 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