Beef Buzz News
Korean, Japanese Markets Continue to Grow for U.S. Meat Exporters
Tue, 21 Aug 2012 14:49:14 CDT
Phil Seng talks with Ron Hays about growing meat demand in Asia.
Two southeast Asian countries are turning out to be very good customers for U.S. meat exports says Phil Seng, president and CEO of the U.S. Meat Export Federation. Seng recently spoke with Ron Hays at the Summer Cattle Industry Conference in Denver.
“In Korea right now they’re very concerned about food inflation. We’re just seeing today that as far as wheat and as far as beans they’ve gone down to zero duties in that regard.
“We did very well last year in Korea because, number one, they had this terrible effect from foot and mouth disease. It really affected their pork herd. They lost over 30 percent of their pork herd, so they were really short of protein, period. So we ramped up very heavily in Korea both from the beef and the pork side. But the numbers are down a little bit this year because we did so well last year.”
“But that market still is a growth market. We deal with a lot of people in the trade there. They want our product, so we see the Korean market on the ascent as far as our exports. We’re doing very well in Korea.”
(Click here for a report card on how U.S. meat exports fared during the first half of 2012.)
Seng said the single BSE case reported in America earlier this year had some impact overseas.
“Japan, the day after this came out, they announced that there’s nothing to worry about, that they understood the science behind this, and there wasn’t a glitch in our exports to Japan.
“Korea, on the other hand, because of the volatility of the opening of the market and 100,000 people out in the street for 100 days, there was a lot of publicity, a lot of negative publicity about our product and that was more sensitive. So, they went on to 100 percent testing of our product, but that’s all been rescinded at this time.
“Korea and Japan, when you talk about both markets, they both like high-quality beef. They both like grain-fed products, so we’re just glad we’re getting back to normal.”
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
Oklahoma National Stockyard's First Female General Manager Kelli Payne Showcases Market's Historical Significance Tue, 25 Jun 2019 10:53:50 CDT
Secure Food Supply Plans Allow Farmers and Ranchers to Take Biosecurity into Their Own Hands Mon, 24 Jun 2019 12:22:48 CDT
RMA's Haying and Grazing Date Adjustment Good News for Cattle Producers Badly in Need of Forages Fri, 21 Jun 2019 11:40:04 CDT
NCBA's Scott Yager Touts Livestock Producers' Regulatory Relief from Superfund Law Under FARM Act Thu, 20 Jun 2019 11:07:36 CDT
Market Watcher Derrell Peel Shares His Advice on How to Build Your Strategy Around Market's Mounting Volatility Wed, 19 Jun 2019 10:05:52 CDT
Prospect of Higher Feed Costs Generating Both Challenges and Opportunities for Cattle Producers Tue, 18 Jun 2019 11:01:21 CDT
Beef Industry Experts Don Close and Kent Bacus Explain Why Mandatory Labelling Isn't So "COOL" After All Mon, 17 Jun 2019 11:36:49 CDT
Rabo Agrifinance’s Don Close Shares His Top Four “Unknown Unknowns” of the Beef Industry in 2019 Fri, 14 Jun 2019 09:29:13 CDT
Despite Minor Declines, US Beef Export Business Continues to Perform Well as Fringe Markets Grow Thu, 13 Jun 2019 13:19:37 CDT
Cattle Market Under Pressure as Corn Plantings Continue to Struggle, Adding to Price Weakness Wed, 12 Jun 2019 11:07:37 CDT
Government Cracks Down on Sue and Settle Tactics Employed by Environmental Activist Groups Tue, 11 Jun 2019 10:28:55 CDT
Industry Has Its Work Cut Out for Itself as Wildlife Service Weighs Listing the Lesser Prairie Chicken Mon, 10 Jun 2019 11:19:40 CDT
NCBA's Colin Woodall Calls Out Misconceptions About Fake Meat's Claims of 'Zero-Sum' Production Fri, 07 Jun 2019 10:49:24 CDT
Donnell Brown Proclaims Efficiency the Next Great Frontier, Genomic Enhancement will Get Us There Thu, 06 Jun 2019 09:53:06 CDT
Generational Transfer Happens Whether We're Prepared for it or Not - So Why Not Plan Ahead Now Wed, 05 Jun 2019 09:42:15 CDT
Food Industry Leader John Patrick Lopez Says Sharing Agriculture's Story is Everyone's Responsibility Tue, 04 Jun 2019 10:15:01 CDT
OKC-Based Processor Behind McDonald's Non-Frozen Beef Menu Brings Chain Some Fresh Sizzle Mon, 03 Jun 2019 11:57:26 CDT
China's African Swine Fever Problem Largely Seen as a Positive for US Ag- But What's the Downside Fri, 31 May 2019 10:20:36 CDT
Angus Dollar Value Index Upgraded to Meet Today's Economic Conditions, Dan Moser Explains Thu, 30 May 2019 10:59:45 CDT
Greenhouse Gas Guru, Mitloehner, Says Cow-Fart Protestors Spread More Manure than Beef Industry Wed, 29 May 2019 09:40:47 CDT
USDA Reports Highest May 1 Inventory of Cattle on Feed Since '96 - Derrell Peel Shares His Analysis Tue, 28 May 2019 10:21:29 CDT
Scott Yager Says Beef Industry Pushing Back on Green New Deal Plan to Eliminate Cattle Production Fri, 24 May 2019 10:38:05 CDT
Eco-Activists Muddy the Waters Again with New Supreme Court Filing as WOTUS Debate Wraps Up Thu, 23 May 2019 09:59:08 CDT
Rancher Debbie Lyons-Blythe Defends Beef Industry's Proactive Efforts in Fighting Climate Change Wed, 22 May 2019 11:18:13 CDT
OSU's Market Watcher Derrell Peel Optimistic Stability will Return to Cattle Markets this Summer Tue, 21 May 2019 11:34:29 CDT
Japan Lifts 30-Month Rule on US Beef Imports, Creates Room for Potential $200M in Additional Value Mon, 20 May 2019 11:59:19 CDT
NCBA's Colin Woodall Encourages Producers to Hang Tough as US-China Trade Talks Flare Up Fri, 17 May 2019 12:08:49 CDT
US Meat Exports Fail to Meet Expectations During First Quarter of 2019, Will this Trend Continue? Thu, 16 May 2019 11:31:30 CDT
Time to Turn Heat Up on Trade Talks with Japan, Bacus Says It's Been on the Backburner Too Long Wed, 15 May 2019 09:50:39 CDT
US-China Tensions Flare as Trade Talks Near End, NCBA's Kent Bacus on Trump's Hardball Strategy Tue, 14 May 2019 10:36:10 CDT
Beef Industry Leaders Form International Coalition to Advocate for USMCA's Speedy Ratification Mon, 13 May 2019 10:45:22 CDT
Donnell Brown Proclaims Efficiency the Next Great Frontier, Genomic Enhancement will Get Us There Fri, 10 May 2019 05:37:48 CDT
Slow Corn Planting Caused by Recent Rains Dampen Spirits in Cattle Industry, Derrell Peel Explains Thu, 09 May 2019 10:42:38 CDT
Generational Transfer Happens Whether We're Prepared for it or Not - So Why Not Plan Ahead Now Wed, 08 May 2019 10:08:19 CDT
Food Industry Leader John Patrick Lopez Says Sharing Agriculture's Story is Everyone's Responsibility Tue, 07 May 2019 10:55:34 CDT