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
High Volume Cattle Futures Trade Worrisome to Many in the Beef Business Thu, 28 Jul 2016 04:43:17 CDT
Don Close Considers the Increase in Beef Supplies - Gives His Prediction of the Markets Tue, 26 Jul 2016 17:13:49 CDT
Latest Cattle on Feed Report Indicates a "Leaner and Meaner" Industry, Dr. Derrell Peel Explains Sun, 24 Jul 2016 21:08:56 CDT
Is Now the Time to Retain Ownership of Cattle at the Feedlot - Dr. Darrell Peel Has the Facts Thu, 21 Jul 2016 15:18:19 CDT
Summer Doldrums to Blame for Market Prices Says Dr. Darrell Peel Wed, 20 Jul 2016 12:42:11 CDT
A World of Opportunity - USMEF's Phil Seng on Emerging Markets in Asia Mon, 18 Jul 2016 17:24:20 CDT
USMEF President Phil Seng Excited About Opportunities in Asia, Especially Japan Fri, 15 Jul 2016 11:00:42 CDT
Stand Tough - NCBA's Kent Bacus Defends TPP Despite Criticism From Politicians Thu, 14 Jul 2016 11:47:54 CDT
John Butler Takes Sustainability Lead as New Chair of US Roundtable for Sustainable Beef in Denver Wed, 13 Jul 2016 18:03:48 CDT
Part II of Dr. Brian Lubbers on What Changes VFD Will Bring to Producers Tue, 12 Jul 2016 10:13:27 CDT
Dr. Brian Lubbers Offers Advice to Producers With VFD on the Horizon Mon, 11 Jul 2016 16:16:56 CDT
Dr. Keith Belk Says for the Consumer It's All a Matter of Taste Fri, 08 Jul 2016 14:59:03 CDT
Part Two with Dr. Glynn Tonsor Talking Growth in the International Arena Thu, 07 Jul 2016 12:26:50 CDT
Dr. Glynn Tonsor Gets Good Vibes From Beef Demand Wed, 06 Jul 2016 15:07:58 CDT
Don't Stop Now - Specialist Calls for Continued Industry Shifts for the Herd of Tomorrow Tue, 05 Jul 2016 17:12:20 CDT
Don't Stop Now - Specialist Calls for Continued Industry Shifts for the Herd of Tomorrow Tue, 05 Jul 2016 16:47:18 CDT
Making More With Less - Beef Geneticist Jerry Taylor Discusses the Importance of Feed Efficiency Research Mon, 04 Jul 2016 22:52:45 CDT
Back Home at Her Alma Mater- Megan Rolf Discusses Research on Water Utilization in Cattle Fri, 01 Jul 2016 04:28:17 CDT
Texas A&M's Ron Gill Talks Tips for Loading and Unloading Cattle Thu, 30 Jun 2016 04:20:42 CDT
OCA Annual Summer Ranch Tour Goes International in 2016 Tue, 28 Jun 2016 20:59:20 CDT
NCBA Works to Keep Meat on the Menu for U.S. Military Sun, 26 Jun 2016 18:35:50 CDT
No Surprises Seen in Latest Cattle on Feed Report- Dr. Derrell Peel Sees Placements Continuing to Rise Sat, 25 Jun 2016 11:58:45 CDT
USDA Reports Released Friday - Jim Robb Anticipates Increased Cattle Placements and Marketings Thu, 23 Jun 2016 22:34:56 CDT
Beef Industry On Track to Avoid Repeat of 2015 Market Crisis Wed, 22 Jun 2016 22:34:03 CDT
Dr. L D Barker Says a Strong Veterinary-Client-Patient Relationship is Key to Good Herd Health Tue, 21 Jun 2016 21:20:55 CDT
Dr. L D Barker Says Veterinary Feed Directive Should Have Positive Impact on Profitability Mon, 20 Jun 2016 21:21:48 CDT
Part Two on Succession Planning with OSU's Shannon Ferrell - Don't Forget to Make Updates Sun, 19 Jun 2016 22:20:52 CDT
OSU's Shannon Ferrell Says Start Planning Now to Keep the Farm in the Family Thu, 16 Jun 2016 23:20:49 CDT
Cattle Marketing Decisions Made Easier Thanks to BeefBasis.com Wed, 15 Jun 2016 22:30:50 CDT
Glenn Tonsor Says Growing Choice-Select Spread Is a Strong Demand Signal Tue, 14 Jun 2016 22:09:27 CDT
Klair Hartzold Named 2016 Oklahoma Beef Ambassador Mon, 13 Jun 2016 21:32:56 CDT
Protect Your Investment - K-State's Chris Reinhardt Talks About Providing Shade for Your Bulls Fri, 10 Jun 2016 21:31:58 CDT
NCBA's Scott Yager Says Proposed SPCC Legislation Could Benefit Producers Wed, 08 Jun 2016 21:12:59 CDT
FedCattleExchange.com Up and Running - Ed Greiman Says First Sale Was a Success Tue, 07 Jun 2016 18:02:08 CDT
OSU's Justin Talley Says Now is the Time to Start Considering Fly Control Options for Cattle Mon, 06 Jun 2016 21:40:27 CDT