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

  • Export Market Becoming More Important for US Beef Industry, But Let's Not Forget Domestic Demand  Thu, 19 Oct 2017 12:27:00 CDT
  • Strong Fall Markets Signal More Value of Gain Being Offered in Stocker Cattle, Despite Larger Supply  Wed, 18 Oct 2017 11:06:07 CDT
  • If They've Got the Money, We've Got the Time - Affluent Consumers Willing to Pay for High-End Beef  Tue, 17 Oct 2017 10:48:30 CDT
  • Lowell Catlett Presents Master Class on Why It's the Best Time Ever for the Cattle Feeding Business  Mon, 16 Oct 2017 11:26:48 CDT
  • WOTUS Repeal, Tax Reform NCBA's Top Priorities - President Craig Uden Eager to Work with Feds  Fri, 13 Oct 2017 11:31:20 CDT
  • Beef Industry's Future Hinges on International Trade's Continued Success, Says NCBA's Craig Uden  Thu, 12 Oct 2017 11:37:11 CDT
  • Rabo's Don Close Expects to See Year-Over-Year Increase in US Cow Herd Number Come January 1  Wed, 11 Oct 2017 10:49:05 CDT
  • Don Close of Rabo AgriFinance Impressed with Cattle Industry's Surprisingly Strong '17 Performance  Tue, 10 Oct 2017 11:34:15 CDT
  • Independent Cattle Producers in Oklahoma to Form Alternative Industry Group  Mon, 09 Oct 2017 13:14:15 CDT
  • Houston Livestock Show CEO Joel Cowley Reflects on His Experience Judging Tulsa's Steer Show  Fri, 06 Oct 2017 11:16:29 CDT
  • Emergency Manager David Pelzer Offers Expert Tips on Handling an Unexpected Crisis on the Farm  Thu, 05 Oct 2017 10:29:49 CDT
  • Glynn Tonsor Connects the Dots Between Consumer Demand and Adding Value to Beef Cattle Prices  Wed, 04 Oct 2017 10:58:25 CDT
  • Retail Beef Demand Data Reinforces the Significance of Demand Growth's Role in Today's Markets  Tue, 03 Oct 2017 10:50:23 CDT
  • Death Tax Repeal Inclusion a Big Win for Industry, But Uncertainty Still Lingers in Proposed Tax Plan  Mon, 02 Oct 2017 11:17:46 CDT
  • Ag's Mission to Feed the World Wouldn't be Possible Without Modern Technology Says Gary Sides  Fri, 29 Sep 2017 11:10:54 CDT
  • Zoetis' Gary Sides Argues That Contrary to What Critics Say- Technology is Great for the Environment  Thu, 28 Sep 2017 10:19:09 CDT
  • Jim Robb Advises Producers Not to be Overly Enthusiastic, Despite the Markets Strong Performance  Wed, 27 Sep 2017 10:47:04 CDT
  • Cattle Markets Seem to be Adapting Surprisingly Well this Year in the Face of a Larger Supply  Tue, 26 Sep 2017 10:11:42 CDT
  • Latest Cattle On Feed Report Shows Strong Beef Demand Offsetting Increased Beef Supply in 2017  Mon, 25 Sep 2017 11:13:41 CDT
  • Activists Boldly Upfront About Their True Goals for Animal Agriculture, "We're Not Here to Negotiate"  Fri, 22 Sep 2017 10:18:37 CDT
  • USMEF Gears Up for Next Week's Launch of Its Roadshow Promoting US Beef in China's Big Cities  Thu, 21 Sep 2017 11:51:08 CDT
  • Despite Some Decline in Prices, Stocker Markets are Holding Up Well as Seasonal Pressures Mount  Wed, 20 Sep 2017 10:17:00 CDT
  • Betting the Spread - OSU's Derrell Peel Interprets the Dynamics of the Wholesale Boxed Beef Market  Tue, 19 Sep 2017 10:54:10 CDT
  • The Science of Sustainability - World Wildlife Fund's Jason Clay Speaks on Responsible Production  Mon, 18 Sep 2017 11:15:07 CDT
  • Growing China's Market a Work in Progress That'll Take Time But the Reward Will Be Worth the Wait  Fri, 15 Sep 2017 11:31:06 CDT
  • Texans Share Their Success Story as Oklahomans Consider Establishing Their Own State Checkoff  Thu, 14 Sep 2017 12:20:26 CDT
  • Beef Industry Gears Up to Battle It Out in DC Over Tax Reform - With the Death Tax in the Crosshairs  Wed, 13 Sep 2017 12:09:31 CDT
  • Strength in US Beef Exports Carrying the Entire Cattle Industry with Growth Seen in Volume and Value  Tue, 12 Sep 2017 10:03:31 CDT
  • Preconditioning Calves Needn't Be Hard - Even Simple Programs Can Offer Big Returns to Ranchers  Mon, 11 Sep 2017 11:54:36 CDT
  • US Beef Exports to South Korea Show Impressive Strength Thanks to Beef Council Marketing Efforts  Fri, 08 Sep 2017 11:16:30 CDT
  • Pay $750 Million Now, or Billions Later - NCBA's Kathy Simmons Weighs Cost v. Benefit of FMD Bank  Thu, 07 Sep 2017 10:21:34 CDT
  • Threats Posed by FMD Outbreak Potentially Catastrophic, NCBA Insists a Vaccine Bank is Imperative  Wed, 06 Sep 2017 11:34:10 CDT
  • Animal Disease Traceability System Showing Improvement, But is Now the Right Time for Phase Two  Tue, 05 Sep 2017 10:25:51 CDT
  • Growing China's Market a Work in Progress That'll Take Time But the Reward Will Be Worth the Wait  Fri, 01 Sep 2017 10:42:14 CDT
  • Checkoff Dollars Fund Research Programs That Drive Innovation in the Industry and the Marketplace  Thu, 31 Aug 2017 10:31:44 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   Jan 17  |   Feb 17  |   Mar 17  |   Apr 17  |   May 17  |   Jun 17  |   Jul 17  |   Aug 17  |   Sep 17  |   Oct 17  |   Nov 17  |   Dec 17
       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit 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


       
       
    © 2008-2017 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI