Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
    
   
   
   
   
   
   
   
   
   

Beef Buzz News


US Beef on Track to Break Export Records in 2014

Wed, 06 Aug 2014 12:17:45 CDT

US Beef on Track to Break Export Records in 2014


The world appetite for beef continues to grow. Last year was a record breaking year for beef exports and 2014 has the potential to be even better. At the recent Summer Cattle Industry Convention in Denver, US Meat Export Federation President and Chief Executive Officer Phil Seng told Radio Oklahoma Ag Network Farm News Director Ron Hays about the strong start to US beef exports in 2014. Click on the LISTEN BAR below to hear Seng's complete comments.

Seng said for the first five months of this year the US has increased beef exports by nine percent on a volume basis and 17 percent on a value basis


"Right now we are on a pace to probably eclipse six and half million dollars," Seng said. "For a fed steer, basically an animal presented at slaughter, about $245 a head is the export dividend for that, so its significant to the viability of the beef industry and also hopefully it will be an impetus for expansion in the beef industry, something we sorely need and the world sorely needs."


Exports began to grow significantly in 2013 when Japan began importing US beef from cattle 30 months of age and younger. Seng said our exports last year to Japan went up by 56 percent.


In 2014, export growth is being influenced by China as they import beef from all sources. India, the second largest exporter of beef, has exports up 17 percent, Australia is up 17 percent, Brazil exports are up 13 percent and Canada is up nine percent. Seng said we're seeing increasing demand throughout the world, but you're seeing a shrinking world beef supply that is driving exports.


Seng said tightness of supply is presenting some challenges to some of our regular buyers of US beef.


"We're seeing certain markets like Japan, even through they have the highest duty for beef in the world, they are able to procure the product," Seng said. "They are able to buy the product, but we are seeing some of the other markets, the more marginal markets where this does have more of a impact."


Over the last ten years USMEF has worked on developing new cuts, less expensive cuts from underutilized cuts. Because of that work Seng said they are seeing a pretty high increase to nearly all destinations. There are just a few places where exports aren't growing right now. Seng said US beef exports to the middle east are down five percent from a year ago and exports to parts of South America are down, but for the most part exports levels up. That's encouraging considering the record high beef prices buyers are paying today.


Unless there is some unexpected event between now and the end of the year, Seng said 2014 looks like another record breaking year for US beef exports, especially when it comes to overall value.


   


   

Ron Hays Beef Buzzes with Phil Seng of USMEF
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • OSU's Janeen Salak-Johnson Tells Cattle Producers Being Open to Doing Things Differently Can Save an Industry  Fri, 18 Oct 2019 15:02:09 CDT
  • OSU's Janeen Salak-Johnson Warns Beef Producers of the Coming Scrutiny from Animal Welfare Activists  Thu, 17 Oct 2019 05:56:09 CDT
  • Letting the Markets Do What They Do - Economist Glynn Tonsor Explains All  Wed, 16 Oct 2019 07:45:29 CDT
  • NCBAís Season Solario Explains How the Checkoff is Working to Head Consumers Off at the Pass, Digitally Speaking  Tue, 15 Oct 2019 09:31:40 CDT
  • NCBAís Season Solario Unveils the Magic Behind the Success of the Beef. Itís Whatís for Dinner Brand  Fri, 11 Oct 2019 06:26:18 CDT
  • Changes in the Dynamics of Global Beef Trade Evident in Latest Export Numbers Out from USMEF  Thu, 10 Oct 2019 13:42:22 CDT
  • Markets Well Down the Road to Recovery as Heat from the Tyson Fire Cools Down  Wed, 09 Oct 2019 05:54:36 CDT
  • With a Trade Deal in the Bag, NCBAís Kent Bacus Says Nothing Stands in the Way of US Beefís Domination in Japan  Tue, 08 Oct 2019 20:05:48 CDT
  • The Numbers Donít Lie - K-State Economist Glynn Tonsor Says No Beef Demand Bump from COOL  Mon, 07 Oct 2019 08:20:15 CDT
  • Better Times Ahead for Cow/Calf Producers Says LMIC Senior Economist Jim Robb  Fri, 04 Oct 2019 07:00:38 CDT
  • Market Watcher Jim Robb Suggests Aggressive Female Slaughter Activity May Set Stage for Higher Fed Prices  Thu, 03 Oct 2019 08:00:20 CDT
  • LMAís Chelsea Good Shares Her Thoughts on Today's Hot Button Issues in the Animal Ag Industry  Wed, 02 Oct 2019 09:26:24 CDT
  • Livestock Marketing Associationís Chelsea Good Working with Industry Partners to Address Post-Fire Market Concerns  Tue, 01 Oct 2019 06:28:51 CDT
  • okPORK's Roy Lee Lindsey Exposes the Hypocrisy of Mandatory Country of Origin Labeling  Mon, 30 Sep 2019 18:14:34 CDT
  • NCBAís Colin Woodall Pushes Back on OCMís False, Inflammatory Claims Regarding Checkoff Funding  Mon, 30 Sep 2019 11:50:44 CDT
  • King Ranch Institute's Dr. Clay Mathis Talks Technology on the Ranch, and How to Make Money Using It  Fri, 27 Sep 2019 14:29:24 CDT
  • King Ranch Institute's Dr. Clay Mathis Talks Technology on the Ranch, and How to Make Money Using It  Fri, 27 Sep 2019 10:36:39 CDT
  • Trump Strikes Deal with Japan - NCBA Lobbyist Colin Woodall Affirms It's Just What Cattlemen Wanted  Thu, 26 Sep 2019 10:25:22 CDT
  • Grow Yard Concept Finding Its Footing in Beef Industry - Analyst Don Close Says Opportunity Abounds  Tue, 24 Sep 2019 10:30:21 CDT
  • K-State's Glynn Tonsor Says Struggling Cattle Markets Propped Up By Robust Domestic Beef Demand  Mon, 23 Sep 2019 11:53:00 CDT
  • Burger King Reports Increased Sales of Conventional Beef Burgers Alongside Climbing Impossible Burger Sales  Fri, 20 Sep 2019 10:34:32 CDT
  • USMEF's Dan Halstrom on What Japan's Meat Trade Really Wants from the US Beef Cattle Industry  Thu, 19 Sep 2019 10:11:34 CDT
  • Formal Agreement with Japan Announced by White House Could Help Grow Island's Taste for Tongue  Wed, 18 Sep 2019 11:05:20 CDT
  • OSU's Janeen Salak-Johnson on Killing the Sacred Cows of the Beef Business, How Being Open to Doing Things Differently Can Save an Industry  Tue, 17 Sep 2019 10:34:24 CDT
  • OSU's Janeen Salak-Johnson Warns Beef Producers of the Coming Scrutiny from Animal Welfare Activists  Mon, 16 Sep 2019 11:07:53 CDT
  • Repeal of WOTUS Strikes Emotional Chord with OCA's Michael Kelsey, Reflecting on Action's Significance  Fri, 13 Sep 2019 11:36:52 CDT
  • American Angus Assoc. CEO Mark McCully Reflects on the Angus Breed's Role the Beef Industry Today  Thu, 12 Sep 2019 11:49:28 CDT
  • Fall Looking Like a Mixed Bag for Beef - Peel Advises Producers Pay Close Attention to Market Dynamics  Wed, 11 Sep 2019 10:06:31 CDT
  • Fall Looking Like a Mixed Bag for Beef - Peel Advises Producers Pay Close Attention to Market Dynamics  Wed, 11 Sep 2019 10:04:16 CDT
  • Cattle Markets Not Expected to Improve as Seasonal Demand Shifts into Lower Gear Heading into Fall  Tue, 10 Sep 2019 10:22:26 CDT
  • State Officials in Colorado Help Local Farmers, Ranchers Launch New "Better With Beef" Initiative  Mon, 09 Sep 2019 11:21:19 CDT
  • Beef Industry Soon to Launch New Campaign Leveraging Consumer Interest in the BQA Program  Fri, 06 Sep 2019 10:06:04 CDT
  • NCBA's Alisa Harrison Highlights the Tremendous Value Digital Marketing Adds to the Beef Checkoff  Thu, 05 Sep 2019 10:27:08 CDT
  • Beef Checkoff Funded Research Helping to Correct the Misconceptions Surrounding Alternative Meat Products  Wed, 04 Sep 2019 11:22:41 CDT
  • American Angus Association Rolls Out New Genomically Enhanced EPD Index Data Set  Tue, 03 Sep 2019 11:02:00 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   2018  |   Jan 19  |   Feb 19  |   Mar 19  |   Apr 19  |   May 19  |   Jun 19  |   Jul 19  |   Aug 19  |   Sep 19  |   Oct 19  |   Nov 19  |   Dec 19
       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.