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
Export Market Becoming More Important for US Beef Industry, But Let's Not Forget Domestic Demand Thu, 19 Oct 2017 12:27:00 CDT
Strong Fall Markets Signal More Value of Gain Being Offered in Stocker Cattle, Despite Larger Supply Wed, 18 Oct 2017 11:06:07 CDT
If They've Got the Money, We've Got the Time - Affluent Consumers Willing to Pay for High-End Beef Tue, 17 Oct 2017 10:48:30 CDT
Lowell Catlett Presents Master Class on Why It's the Best Time Ever for the Cattle Feeding Business Mon, 16 Oct 2017 11:26:48 CDT
WOTUS Repeal, Tax Reform NCBA's Top Priorities - President Craig Uden Eager to Work with Feds Fri, 13 Oct 2017 11:31:20 CDT
Beef Industry's Future Hinges on International Trade's Continued Success, Says NCBA's Craig Uden Thu, 12 Oct 2017 11:37:11 CDT
Rabo's Don Close Expects to See Year-Over-Year Increase in US Cow Herd Number Come January 1 Wed, 11 Oct 2017 10:49:05 CDT
Don Close of Rabo AgriFinance Impressed with Cattle Industry's Surprisingly Strong '17 Performance Tue, 10 Oct 2017 11:34:15 CDT
Independent Cattle Producers in Oklahoma to Form Alternative Industry Group Mon, 09 Oct 2017 13:14:15 CDT
Houston Livestock Show CEO Joel Cowley Reflects on His Experience Judging Tulsa's Steer Show Fri, 06 Oct 2017 11:16:29 CDT
Emergency Manager David Pelzer Offers Expert Tips on Handling an Unexpected Crisis on the Farm Thu, 05 Oct 2017 10:29:49 CDT
Glynn Tonsor Connects the Dots Between Consumer Demand and Adding Value to Beef Cattle Prices Wed, 04 Oct 2017 10:58:25 CDT
Retail Beef Demand Data Reinforces the Significance of Demand Growth's Role in Today's Markets Tue, 03 Oct 2017 10:50:23 CDT
Death Tax Repeal Inclusion a Big Win for Industry, But Uncertainty Still Lingers in Proposed Tax Plan Mon, 02 Oct 2017 11:17:46 CDT
Ag's Mission to Feed the World Wouldn't be Possible Without Modern Technology Says Gary Sides Fri, 29 Sep 2017 11:10:54 CDT
Zoetis' Gary Sides Argues That Contrary to What Critics Say- Technology is Great for the Environment Thu, 28 Sep 2017 10:19:09 CDT
Jim Robb Advises Producers Not to be Overly Enthusiastic, Despite the Markets Strong Performance Wed, 27 Sep 2017 10:47:04 CDT
Cattle Markets Seem to be Adapting Surprisingly Well this Year in the Face of a Larger Supply Tue, 26 Sep 2017 10:11:42 CDT
Latest Cattle On Feed Report Shows Strong Beef Demand Offsetting Increased Beef Supply in 2017 Mon, 25 Sep 2017 11:13:41 CDT
Activists Boldly Upfront About Their True Goals for Animal Agriculture, "We're Not Here to Negotiate" Fri, 22 Sep 2017 10:18:37 CDT
USMEF Gears Up for Next Week's Launch of Its Roadshow Promoting US Beef in China's Big Cities Thu, 21 Sep 2017 11:51:08 CDT
Despite Some Decline in Prices, Stocker Markets are Holding Up Well as Seasonal Pressures Mount Wed, 20 Sep 2017 10:17:00 CDT
Betting the Spread - OSU's Derrell Peel Interprets the Dynamics of the Wholesale Boxed Beef Market Tue, 19 Sep 2017 10:54:10 CDT
The Science of Sustainability - World Wildlife Fund's Jason Clay Speaks on Responsible Production Mon, 18 Sep 2017 11:15:07 CDT
Growing China's Market a Work in Progress That'll Take Time But the Reward Will Be Worth the Wait Fri, 15 Sep 2017 11:31:06 CDT
Texans Share Their Success Story as Oklahomans Consider Establishing Their Own State Checkoff Thu, 14 Sep 2017 12:20:26 CDT
Beef Industry Gears Up to Battle It Out in DC Over Tax Reform - With the Death Tax in the Crosshairs Wed, 13 Sep 2017 12:09:31 CDT
Strength in US Beef Exports Carrying the Entire Cattle Industry with Growth Seen in Volume and Value Tue, 12 Sep 2017 10:03:31 CDT
Preconditioning Calves Needn't Be Hard - Even Simple Programs Can Offer Big Returns to Ranchers Mon, 11 Sep 2017 11:54:36 CDT
US Beef Exports to South Korea Show Impressive Strength Thanks to Beef Council Marketing Efforts Fri, 08 Sep 2017 11:16:30 CDT
Pay $750 Million Now, or Billions Later - NCBA's Kathy Simmons Weighs Cost v. Benefit of FMD Bank Thu, 07 Sep 2017 10:21:34 CDT
Threats Posed by FMD Outbreak Potentially Catastrophic, NCBA Insists a Vaccine Bank is Imperative Wed, 06 Sep 2017 11:34:10 CDT
Animal Disease Traceability System Showing Improvement, But is Now the Right Time for Phase Two Tue, 05 Sep 2017 10:25:51 CDT
Growing China's Market a Work in Progress That'll Take Time But the Reward Will Be Worth the Wait Fri, 01 Sep 2017 10:42:14 CDT
Checkoff Dollars Fund Research Programs That Drive Innovation in the Industry and the Marketplace Thu, 31 Aug 2017 10:31:44 CDT