Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
   
   
   
   
   
   
   
   

Beef Buzz News


Robb: Beef and Pork Exports Surging Despite Higher Prices

Mon, 02 Jun 2014 15:30:26 CDT

Robb:  Beef and Pork Exports Surging Despite Higher Prices

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.

   
   

LMIC's Jim Rob talks about the export outlook for beef.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • 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
  • National Cattlemen Engaging with CME Group to Make Cattle Futures Work as Intended- and at Other Options as Well  Sun, 11 Sep 2016 14:11:23 CDT
  • NCBA Searching for That Silver Bullet to End Volatility Woes in the Cattle Markets   Thu, 08 Sep 2016 12:51:19 CDT
  • Producers Should Consider These End of the Year Strategies to Navigate the Current Markets  Wed, 07 Sep 2016 12:19:16 CDT
  • Producers May Have Best Chance in Years to Get Head Start Establishing Wheat Pastures for Fall  Tue, 06 Sep 2016 12:00:03 CDT
  • To Take Advantage of Opportunities, Cowboys Need to Roll Up Their Sleeves and Manage Costs  Fri, 02 Sep 2016 12:45:26 CDT
  • No Preconditioning Strategy Complete Without the Proper Documentation  Thu, 01 Sep 2016 15:28:17 CDT
  • After All Things Considered, Successful Preconditioning Strategies Are All About Timing  Wed, 31 Aug 2016 13:00:49 CDT
  • Activists Say Consumers Want Antibiotic Free Products - But Are They Willing to Pay For It?  Tue, 30 Aug 2016 12:08:24 CDT
  • Survey Says - Consumer Demand Holding Steady  Mon, 29 Aug 2016 12:40:04 CDT
  • Sustainability Group Working to Increase Consumer Trust in Beef Production  Fri, 26 Aug 2016 12:35:50 CDT
  • Why Buy It When You Can Graze It? Plant Wheat Early to Utilize Pasture for Foraging This Fall  Thu, 25 Aug 2016 16:44:01 CDT
  • Changes to Help Offset Market Volatility to Be Implemented By CME Group in Live Cattle Contracts  Wed, 24 Aug 2016 16:44:27 CDT
  • 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

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   Jan 16  |   Feb 16  |   Mar 16  |   Apr 16  |   May 16  |   Jun 16  |   Jul 16  |   Aug 16  |   Sep 16  |   Oct 16  |   Nov 16  |   Dec 16
       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Genetics Inc. Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2016 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI