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
It's Now or Never on TPP- Colin Woodall of the National Cattlemen's Beef Association Fri, 28 Oct 2016 07:49:08 CDT
The GIPSA Rules - USDA's Answer to the Question Nobody Asked Thu, 27 Oct 2016 12:24:40 CDT
USDA Resurrects Unpopular GIPSA Rules, NCBA Seeks to Put Them Back in the Ground for Good Wed, 26 Oct 2016 11:58:41 CDT
US Beef Trade Finds Opportunity in the Wake of the Australian Pull Back Tue, 25 Oct 2016 11:54:33 CDT
Marketing Chain Still Adjusting to Huge Increases in Beef Production Mon, 24 Oct 2016 12:00:28 CDT
Ranch Management Expert's Two Keys to Overcoming Obstacles and Increasing Your Bottom Line Fri, 21 Oct 2016 12:43:31 CDT
Rick Machen of the King Ranch Institute Paints the Big Picture on Ranch Management Thu, 20 Oct 2016 11:55:35 CDT
Chairman John Pfeiffer Shares the Secrets Behind Certified Angus Beef's 40 Years of Success Wed, 19 Oct 2016 11:57:46 CDT
When it Comes to Certified Angus Beef, There is No Imitation for Quality Tue, 18 Oct 2016 11:54:15 CDT
Certified Angus Beef - The Marketing Idea that Became the Gold Standard of Meat Products Mon, 17 Oct 2016 14:22:28 CDT
Despite the Odds, Ag Organizations Continue Fight for TPP Vote Before Lame Duck Session Ends Fri, 14 Oct 2016 12:16:36 CDT
Three Things to Consider Before Buying Those Females to Add to Your Herd Thu, 13 Oct 2016 12:09:58 CDT
To Graze or Not to Graze Cattle, That is the Question Wed, 12 Oct 2016 12:11:10 CDT
Markets Struggling to Find Stable Footing Amid Overwhelming Supplies Tue, 11 Oct 2016 11:42:25 CDT
The War on Pests - Make Your Pasture a NO-FLY Zone Mon, 10 Oct 2016 12:35:36 CDT
In the Judge's Chambers - Tulsa State Fair Livestock Judge on What Makes a Champion Steer Fri, 07 Oct 2016 15:24:06 CDT
Cattle Industry’s Top Minds Putting Heads Together to Solve Futures Trade Trouble in DC This Week Thu, 06 Oct 2016 12:37:10 CDT
Simple Yet Important Distinctions to Understand in Cattle Price Projections Wed, 05 Oct 2016 12:21:26 CDT
Bearish Supply Forces and Delayed Demand an Anchor on the Cattle Markets Tue, 04 Oct 2016 12:29:06 CDT
Purge Your Pastures - Putting the Smackdown on Profit-Sucking Parasites Mon, 03 Oct 2016 12:05:39 CDT
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