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

  • 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
  • Making More With Less - Beef Geneticist Jerry Taylor Discusses the Importance of Feed Efficiency Research   Mon, 04 Jul 2016 22:52:45 CDT
  • Back Home at Her Alma Mater- Megan Rolf Discusses Research on Water Utilization in Cattle   Fri, 01 Jul 2016 04:28:17 CDT
  • Texas A&M's Ron Gill Talks Tips for Loading and Unloading Cattle  Thu, 30 Jun 2016 04:20:42 CDT
  • OCA Annual Summer Ranch Tour Goes International in 2016  Tue, 28 Jun 2016 20:59:20 CDT
  • NCBA Works to Keep Meat on the Menu for U.S. Military   Sun, 26 Jun 2016 18:35:50 CDT
  • No Surprises Seen in Latest Cattle on Feed Report- Dr. Derrell Peel Sees Placements Continuing to Rise  Sat, 25 Jun 2016 11:58:45 CDT
  • USDA Reports Released Friday - Jim Robb Anticipates Increased Cattle Placements and Marketings  Thu, 23 Jun 2016 22:34:56 CDT
  • Beef Industry On Track to Avoid Repeat of 2015 Market Crisis  Wed, 22 Jun 2016 22:34:03 CDT
  • Dr. L D Barker Says a Strong Veterinary-Client-Patient Relationship is Key to Good Herd Health  Tue, 21 Jun 2016 21:20:55 CDT
  • Dr. L D Barker Says Veterinary Feed Directive Should Have Positive Impact on Profitability   Mon, 20 Jun 2016 21:21:48 CDT
  • Part Two on Succession Planning with OSU's Shannon Ferrell - Don't Forget to Make Updates  Sun, 19 Jun 2016 22:20:52 CDT
  • OSU's Shannon Ferrell Says Start Planning Now to Keep the Farm in the Family  Thu, 16 Jun 2016 23:20:49 CDT
  • Cattle Marketing Decisions Made Easier Thanks to BeefBasis.com   Wed, 15 Jun 2016 22:30:50 CDT
  • Glenn Tonsor Says Growing Choice-Select Spread Is a Strong Demand Signal  Tue, 14 Jun 2016 22:09:27 CDT
  • Klair Hartzold Named 2016 Oklahoma Beef Ambassador  Mon, 13 Jun 2016 21:32:56 CDT
  • Protect Your Investment - K-State's Chris Reinhardt Talks About Providing Shade for Your Bulls   Fri, 10 Jun 2016 21:31:58 CDT
  • NCBA's Scott Yager Says Proposed SPCC Legislation Could Benefit Producers  Wed, 08 Jun 2016 21:12:59 CDT
  • FedCattleExchange.com Up and Running - Ed Greiman Says First Sale Was a Success  Tue, 07 Jun 2016 18:02:08 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!

    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