Beef Buzz News
Beef Exports Strong, Record Prices Signal Caution Domestically
Wed, 07 Mar 2012 11:08:03 CST
Jim Robb analyzes the latest domestic and export beef data.
Beef exports remain strong while domestic sales remain somewhat sluggish into the new year says Jim Robb, executive director of the Livestock Market Information Center based in Denver, Colorado.
Robb says the demand in exports grew at an 11-percent rate year-over-year according to the last six weeks of data from the USDA. He says the rate of growth is quite a bit more than had been anticipated, but the market retains some volatility with buyers stepping in and out. Surprisingly, he said, the biggest gains in export demand come from Mexico.
“Incomes are moving up. Their economy seems to be getting a little bit better in parallel with the U.S. and they had sort of switched focus away from beef a little bit in recent years toward more pork product. It appears the Mexican market is coming back a little bit to beef,” he says.
The domestic market, on the other hand, appears a little sluggish with buyers watching price trends closely.
“I think the domestic market especially at these record-high wholesale beef prices is being a little cautious, but doesn’t appear to have eroded much at these high price levels.”
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the listen bar below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
right-click to download mp3
WebReadyTM Powered by WireReady® NSI
Peel Amazed US Beef Exports Remain Strong in Spite of Record Prices Thu, 18 Dec 2014 12:21:43 CST
National Livestock CEO Looks Back at Unprecedented Year Wed, 17 Dec 2014 12:19:45 CST
Fundraiser Continues to Gain Support for All American Beef Battalion Tue, 16 Dec 2014 12:13:50 CST
Graduating Vets Stifled by School Loans Mon, 15 Dec 2014 15:49:19 CST
Make Time to Body Condition Score Cows Fri, 12 Dec 2014 11:33:52 CST
Certified Angus Beef Continues to Stand Out Among Competition Thu, 11 Dec 2014 11:28:20 CST
Tonsor Provides 2015 Cattle Outlook Wed, 10 Dec 2014 16:04:55 CST
OSU Food Demand Survey Evaluates 2013 COOL Tue, 09 Dec 2014 18:15:50 CST
Merck's Intranasal Vaccine Protecting Calves Against BRD Mon, 08 Dec 2014 15:21:19 CST
Peel Looks Back at 2014 Record Cattle Market Fri, 05 Dec 2014 12:15:57 CST
Beef Gets Bigger Share of 2014 Farm Profitability Pie, Says Schulz Wed, 03 Dec 2014 16:33:22 CST
Schulz Evaluates the Cost of Buying Superior Cattle Genetics Tue, 02 Dec 2014 14:52:58 CST
What About a Bud Box for Your Cattle Handling Pen- Justin Waggoner Explains It's Value Mon, 01 Dec 2014 06:01:47 CST
USMEF Uses Integrated Approach in Reaching International Customers Wed, 26 Nov 2014 10:50:53 CST
Growing Global Middle Class, Opportunity for US Beef Producers Tue, 25 Nov 2014 14:19:43 CST
USMEF Finding Alternatives for Price Sensitive International Customers Mon, 24 Nov 2014 14:46:10 CST
Despite Record Beef Prices, USMEF Says Int'l Demand Remains Fri, 21 Nov 2014 11:46:00 CST
Weaber Shares Innovative Ideas in Cattle Reproduction Thu, 20 Nov 2014 11:41:26 CST
Peel Says Cold Weather Compounds Tight Beef Supplies Wed, 19 Nov 2014 15:05:21 CST
NCBA Pushes Administration To Fix COOL Before Retaliation Tue, 18 Nov 2014 16:31:07 CST
Woodall Expects Tax Extenders in Lame Duck Mon, 17 Nov 2014 13:02:04 CST
NCBA CEO Pushes for Further Improvement to Original Beef Checkoff Fri, 14 Nov 2014 14:32:20 CST
Peel Says Fall Calf and Yearling Market Stronger Than Normal Wed, 12 Nov 2014 10:53:30 CST
OCA President Questions Motive of Second Beef Checkoff Tue, 11 Nov 2014 12:13:30 CST
Gebhart Urges Producers to Comment on WOTUS by Friday Mon, 10 Nov 2014 15:57:06 CST
TCFA vs. Secretary Vilsack Over Second Beef Checkoff Thu, 06 Nov 2014 12:03:08 CST
TCFA Concern Over Drought, Lack of Cash Cattle Trade Wed, 05 Nov 2014 15:24:39 CST
Wilson Says Feedlots Remain Cautiously Optimistic Tue, 04 Nov 2014 11:37:32 CST
Beef Advocacy Program Recruits FFA Members to Engage with Consumers Mon, 03 Nov 2014 14:44:58 CST
Kelsey Optimistic about State of the Cattle Industry Fri, 31 Oct 2014 11:15:26 CDT
Peel Says Strong Market Impacting Cattlemen Nearing Retirement Thu, 30 Oct 2014 12:09:58 CDT
Blach Says Market Responding to Herd Building Wed, 29 Oct 2014 11:45:37 CDT
Randy Blach of CattleFax Says 2014 Wilder Than Expectations Tue, 28 Oct 2014 14:21:43 CDT
TCFA Chairman Jason Hitch Following Dad Paul's Advice- the World is Run By Those Who Show Up Mon, 27 Oct 2014 03:36:22 CDT
Peel Says Cattle Market Fundamentally Strong Fri, 24 Oct 2014 19:10:15 CDT