Beef Buzz News
Robb: Beef and Pork Exports Surging Despite Higher Prices
Mon, 02 Jun 2014 15:30:26 CDT
LMIC's Jim Rob talks about the export outlook for beef.
When you step back and take big picture look at the beef and pork exports right now, first quarter turn out pretty good says Jim Robb Director of the Livestock Marketing Information Center.
"I think overall for the first quarter of this year, we were pleasantly surprised on total red meat exports," Robb said. "Both beef and pork were
up substantially for the first quarter and we have record high beef prices, so that's the good news."
"On the beef front, we had for the month of March, exports up over five percent from year ago levels, with very strong exports to two key countries, Mexico and South Korea, Robb said. "Some softness some other markets, but those are two markets that we really do watch closely and are two of top four marketplaces."
"On the pork side, we had a huge surge in exports up 22 percent from a year ago," Robb said. "We have remember on the pork front that most of those orders were made prior to the huge runup in the pork cutout value, the wholesale market, due to the Porcine Epidemic Diarrhea, but still on balance on surprisingly good export demand across the red meats for the first quarter of 2014."
With the tight supplies for beef and pork, that pushes prices higher, expecially for international buyers, Robb is optimistic this trend will continue in 2014.
"Beef exports have been rather heathy, the value of beef exports is still setting records for most months, but the tonnage at these high prices, we would maybe expect a little bit slippage on the tonnage front compared to a year ago as we get into the summer months, just depending on what our wholesale beef prices are," Robb said.
"So in fact a little bit of slippage might be less than normal given the record high beef prices as a economist looks at this export demand, Robb said. "I think demand will hold up overall, but to maintain strong year over year increases in the beef export market could be difficult this summer with our very tight supplies and record high beef prices."
"As we look, certainly the Asian markets are key and I think we need to also monitor the Mexican market as one of the key export markets that can provide some pleasant surprises as we look ahead, " Robb said.
While there are some battles going on over middle-meat cuts, steak like cuts between domestic and international consumers, there are various cuts of the beef carcass like beef short ribs and variety meats that international users are willing to pay a lot more than the domestic customers, so as long as demand hold strong for those items its really good news for the US Cattle industry.
Robb's comments were complimentary of Eric Atkinson of Agricultural Today with Kansas State University Research and Extension News.
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
Cattle on Feed Report Shows Industry in Good Shape With Opportunities Arising Tue, 23 Aug 2016 12:10:14 CDT
USDA Cattle on Feed Report Sending Strong Signals Says Dr. Derrell Peel Mon, 22 Aug 2016 09:39:20 CDT
When Retaining Replacement Heifers - Keep Cost in Mind Fri, 19 Aug 2016 17:22:00 CDT
What to Expect in the Wake of Rising Carcass Weights This Fall Thu, 18 Aug 2016 13:04:48 CDT
Beef's One Stop Shop for Consumer and Industry Information Wed, 17 Aug 2016 12:43:28 CDT
The Art of Analytics Helping to Keep Beef Industry Relevant for Today's Consumer Tue, 16 Aug 2016 14:24:26 CDT
Beef 2.0 - Promoting the Industry in the Digital Age Mon, 15 Aug 2016 17:08:42 CDT
Outside Factors Limiting Expansion in US Cow Herd - Don Close Explains Fri, 12 Aug 2016 17:33:08 CDT
Is Your Forage Management Compromised? These Tips Could Save Your Bottom Line Thu, 11 Aug 2016 14:12:54 CDT
Sticking to the Facts - Using Injectable Antibiotics After VFD Wed, 10 Aug 2016 12:43:48 CDT
How Will VFD Affect You? Five Things For Which Producers Will Be Responsible Tue, 09 Aug 2016 12:44:05 CDT
National Cattlemen's Chief Veterinarian Educates and Prepares Producers for Up Coming VFD Rule Mon, 08 Aug 2016 12:30:54 CDT
Temple Grandin Shares Her Vision for Transparency in Animal Agriculture Fri, 05 Aug 2016 15:38:14 CDT
Improving Your Bottom Line Starts with Improving the Efficiency of Your Cattle Thu, 04 Aug 2016 16:37:17 CDT
Try These Tips to Water Down the Risks of Heat Stress Wed, 03 Aug 2016 12:14:47 CDT
Beef Board Has Tough Decisions to Make to Keep US Beef Ahead of the Curve Tue, 02 Aug 2016 11:54:15 CDT
Beef Checkoff Becoming Social Butterfly With New Digital Promotion Campaign Mon, 01 Aug 2016 18:53:15 CDT
NCBA’s Jennifer Houston Talks Benefits of Beef Checkoff and NCBA Policy Division Working Together Sat, 30 Jul 2016 10:31:40 CDT
Expansion is Finally Here, But Just How Big Can the US Beef Herd Actually Get Thu, 28 Jul 2016 11:51:38 CDT
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