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

  • Butler Says It's Time for Beef Industry to Know Their Consumer  Fri, 27 Feb 2015 15:21:38 CST
  • Is "Better Than" the Right Way to Market Certain Attributes of Beef? Probably Not Says John Butler  Fri, 27 Feb 2015 06:17:30 CST
  • West Coast Port Labor Agreement Welcomed by Asian Meat Buyers  Wed, 25 Feb 2015 15:00:45 CST
  • Don Close Says Decline in Pastureland Could Be Weak Link of Herd Expansion  Wed, 25 Feb 2015 05:50:09 CST
  • Close Says Decline in Pastureland, Weak Link of Herd Expansion  Tue, 24 Feb 2015 12:04:08 CST
  • Beef Buzz- Tom Leffler Reviews Cattle on Feed Numbers from February 2015 Report  Mon, 23 Feb 2015 06:27:16 CST
  • Good Time To Reclaim Pastures from Eastern Redcedar Trees  Thu, 19 Feb 2015 14:38:12 CST
  • Peel Says Herd Expansion Requires a Big Picture View  Wed, 18 Feb 2015 12:52:46 CST
  • Peel Says U.S. Was At Critical Point with Shrinking National Cowherd   Tue, 17 Feb 2015 12:38:10 CST
  • Peel Says Cattle Producers Making Tough Choices with Great Prices  Mon, 16 Feb 2015 14:24:31 CST
  • Blach Outlines Profitability Outlook for 2015  Fri, 13 Feb 2015 13:03:41 CST
  • Blach Says U.S. Beef Gaining Global Following, Provides Promising Future  Thu, 12 Feb 2015 16:36:34 CST
  • Blach Looks at Profitable, But Volatile 2015 for Cattle Producers  Wed, 11 Feb 2015 12:39:23 CST
  • CattleFax CEO Says 2014 "Perfect Storm" for Cattle Producers  Tue, 10 Feb 2015 12:16:58 CST
  • NCBA Board Approves Memorandum of Understanding  Mon, 09 Feb 2015 12:31:46 CST
  • 2014 - Banner Year for U.S. Beef Exports  Fri, 06 Feb 2015 17:05:07 CST
  • Producing 'Enough' Beef for Growing World Population  Thu, 05 Feb 2015 12:36:44 CST
  • Top Priority as Cattle Producers Gather in San Antonio- Stop EPA and WOTUS  Wed, 04 Feb 2015 05:31:40 CST
  • Beef Checkoff and Government Regulations Headline Cattle Industry Convention  Tue, 03 Feb 2015 11:26:49 CST
  • Bigger Beef Cow Herd, Fastest Growth in Southern Plains  Mon, 02 Feb 2015 15:46:20 CST
  • Chairman Frank Lucas Led Fight for Permanent Livestock Disaster Help- Sign Up Deadline is Today  Fri, 30 Jan 2015 04:58:01 CST
  • Peel Analyzes the Break Down in the Cattle Market  Thu, 29 Jan 2015 12:32:27 CST
  • NFU Stands Behind COOL, WTO Ruling a Mistake  Wed, 28 Jan 2015 12:34:50 CST
  • Protecting Your Cowherd from Devastating Diseases  Tue, 27 Jan 2015 17:36:58 CST
  • Beef Checkoff MOU Being Presented to Members  Mon, 26 Jan 2015 12:27:45 CST
  • Beef Checkoff Working Group Outlines Agreed-Changes to Checkoff  Fri, 23 Jan 2015 15:33:19 CST
  • NCBA Confident Congress More Productive in 2015  Thu, 22 Jan 2015 14:53:46 CST
  • Tonsor Bullish on Cowherd Expansion   Wed, 21 Jan 2015 14:33:24 CST
  • Lower Gas Prices Helping Domestic Beef Demand  Tue, 20 Jan 2015 14:25:08 CST
  • Glynn Tonsor Optimistic for Strong Cattle Prices in 2015  Mon, 19 Jan 2015 14:36:47 CST
  • NCBA Pushes for Trade Promotion Authority to Grow Exports  Fri, 16 Jan 2015 17:46:10 CST
  • International Trade on Pace for Strong Finish for 2014  Thu, 15 Jan 2015 12:28:03 CST
  • AFBF President Bob Stallman Addresses Improving Beef Checkoff  Wed, 14 Jan 2015 12:06:03 CST
  • Grandin Compliments Ranchers for Improvements, Urges Them to Share Their Story  Tue, 13 Jan 2015 18:06:44 CST
  • Preview of Cattlemen's College in San Antonio  Mon, 12 Jan 2015 16:27:56 CST

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   Jan 15  |   Feb 15  |   Mar 15  |   Apr 15  |   May 15  |   Jun 15  |   Jul 15  |   Aug 15  |   Sep 15  |   Oct 15  |   Nov 15  |   Dec 15
       

    Ron salutes our daily email sponsors!

    National Livestock Credit Croplan Genetics Stillwater Milling Oklahoma Farm Bureau Wireless Pioneer Oklahoma City Farm Show American Farmers & Ranchers P&K Equipment Oklahoma Cattlemen's Association KIS FUTURES, INC.

       
       
    © 2008-2015 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI