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

  • No Easy Answers or Simple Solutions to the Convergence Crisis in Cattle Markets  Fri, 30 Sep 2016 12:43:01 CDT
  • The Great Wall - Unsettled Negotiations Continue to Block US Beef From Chinese Markets  Thu, 29 Sep 2016 19:25:30 CDT
  • Tricks of the Trade - Low Stress Cattle Handling Advice from Leading Expert Dr. Tom Noffsinger  Wed, 28 Sep 2016 13:02:57 CDT
  • Volatility Concerns Linger as NCBA and CME Continue to Work Towards Solutions  Tue, 27 Sep 2016 12:20:40 CDT
  • China Lifting US Beef Ban Good News for Cattle Industry, But Deal is Far From Official  Fri, 23 Sep 2016 12:59:14 CDT
  • China Lifting US Beef Ban Good News for Cattle Industry, But Deal is Far From Official  Fri, 23 Sep 2016 12:10:53 CDT
  • Beef Demand May Have Slowed Down Recently, But Not to Worry It's Still Going Strong  Thu, 22 Sep 2016 12:38:21 CDT
  • We Told You So! - Senate Report on Federal Overreach Confirms NCBA's Suspicions  Wed, 21 Sep 2016 15:31:45 CDT
  • Reading Between the Lines - What the Markets Are Really Trying to Tell You  Tue, 20 Sep 2016 14:00:51 CDT
  • What Beef Does HSUS Have with Cattle Industry This Time?  Mon, 19 Sep 2016 12:45:26 CDT
  • When Will the Downturn in Cattle Prices Be Behind Us? Jim Robb Takes a Look Down the Road  Fri, 16 Sep 2016 13:08:12 CDT
  • US Beef Sector Well-Poised to Increase Exports on the Rebound of the World Economic Climate  Thu, 15 Sep 2016 12:29:57 CDT
  • Understanding Transparency a Big Step in Getting Your Arms Around Sustainable Beef Production  Wed, 14 Sep 2016 15:49:48 CDT
  • Make It Metric - Tangible Measurements Make Up the Nuts and Bolts of Sustainability  Tue, 13 Sep 2016 12:01:01 CDT
  • Let's Be Clear - Sustainability is All About Staying in Business  Mon, 12 Sep 2016 14:38:15 CDT
  • National Cattlemen Engaging with CME Group to Make Cattle Futures Work as Intended- and at Other Options as Well  Sun, 11 Sep 2016 14:11:23 CDT
  • NCBA Searching for That Silver Bullet to End Volatility Woes in the Cattle Markets   Thu, 08 Sep 2016 12:51:19 CDT
  • Producers Should Consider These End of the Year Strategies to Navigate the Current Markets  Wed, 07 Sep 2016 12:19:16 CDT
  • Producers May Have Best Chance in Years to Get Head Start Establishing Wheat Pastures for Fall  Tue, 06 Sep 2016 12:00:03 CDT
  • To Take Advantage of Opportunities, Cowboys Need to Roll Up Their Sleeves and Manage Costs  Fri, 02 Sep 2016 12:45:26 CDT
  • No Preconditioning Strategy Complete Without the Proper Documentation  Thu, 01 Sep 2016 15:28:17 CDT
  • After All Things Considered, Successful Preconditioning Strategies Are All About Timing  Wed, 31 Aug 2016 13:00:49 CDT
  • Activists Say Consumers Want Antibiotic Free Products - But Are They Willing to Pay For It?  Tue, 30 Aug 2016 12:08:24 CDT
  • Survey Says - Consumer Demand Holding Steady  Mon, 29 Aug 2016 12:40:04 CDT
  • Sustainability Group Working to Increase Consumer Trust in Beef Production  Fri, 26 Aug 2016 12:35:50 CDT
  • Why Buy It When You Can Graze It? Plant Wheat Early to Utilize Pasture for Foraging This Fall  Thu, 25 Aug 2016 16:44:01 CDT
  • Changes to Help Offset Market Volatility to Be Implemented By CME Group in Live Cattle Contracts  Wed, 24 Aug 2016 16:44:27 CDT
  • Cattle on Feed Report Shows Industry in Good Shape With Opportunities Arising  Tue, 23 Aug 2016 12:10:14 CDT
  • USDA Cattle on Feed Report Sending Strong Signals Says Dr. Derrell Peel  Mon, 22 Aug 2016 09:39:20 CDT
  • When Retaining Replacement Heifers - Keep Cost in Mind  Fri, 19 Aug 2016 17:22:00 CDT
  • What to Expect in the Wake of Rising Carcass Weights This Fall  Thu, 18 Aug 2016 13:04:48 CDT
  • Beef's One Stop Shop for Consumer and Industry Information  Wed, 17 Aug 2016 12:43:28 CDT
  • The Art of Analytics Helping to Keep Beef Industry Relevant for Today's Consumer  Tue, 16 Aug 2016 14:24:26 CDT
  • Beef 2.0 - Promoting the Industry in the Digital Age  Mon, 15 Aug 2016 17:08:42 CDT
  • Outside Factors Limiting Expansion in US Cow Herd - Don Close Explains  Fri, 12 Aug 2016 17:33:08 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   Jan 16  |   Feb 16  |   Mar 16  |   Apr 16  |   May 16  |   Jun 16  |   Jul 16  |   Aug 16  |   Sep 16  |   Oct 16  |   Nov 16  |   Dec 16
       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Genetics Inc. Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2016 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI