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


LMIC's Jim Robb Keeping an Eye on Beef Byproduct Exports, Showing Signs of Softer Performance

Thu, 26 Oct 2017 11:00:18 CDT

LMIC's Jim Robb Keeping an Eye on Beef Byproduct Exports, Showing Signs of Softer Performance US beef exports have performed exceptionally well over the last few years, showing year to year gains in both volume and value. In 2016, this market had a very good year, but 2017 is proving to be even better. Radio Oklahoma Ag Network Farm Director Ron Hays spoke with Jim Robb of the Livestock Marketing Information Center out of Denver recently, who says the latest numbers that have come in on the export markets, including August of this year, have been very, very strong.


“In the summer months we do export our largest tonnage on a seasonal basis,” Robb said, pointing out that exports to Japan have been of particular note. “Japan has been a very strong market and year-over-year gains have been almost phenomenal.”


Overall, Robb says the meat export market’s demand profile has been very supportive and it is a dynamic that he insists is important to keep in mind when looking ahead into the future. Right now, he believes we are on track to surpass the record amount of tonnage exported. As he looks ahead into 2018, he says there is nothing really on the horizon that suggests this dynamic will change. But warns that the international market can be a fickle place. While the world economy continues to grow at a significant rate, he says there is one worry out there that could put a kink in things, referring to drop credits - and more specifically, hides. He worries this might slow things down in the long run.


“We export most of the hides in the US but even the other components, liver and tongue, etc. that are very dependent on exports have been softer,” he said. “We actually had some of the lowest values in several years in recent weeks. It’s a bit of a quandary as to why we’ve struggled to export the byproducts that have really lagged here at this point and we’re still trying to sort that out.”


Listen to Robb and Hays discuss the performance of beef exports in the global markets during 2017, and what potential worries lie there, on today’s Beef Buzz.


The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is 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.




   




   

Listen to Robb and Hays discuss the performance of beef exports in the global markets so far in 2017
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Temporary Waiver on Looming ELD Mandate Buying NCBA Time to Negotiate Long-Term Exemption  Wed, 22 Nov 2017 11:55:52 CST
  • OSU's Deb VanOverbeke Says Industry Showing Notable Improvement in Latest Beef Quality Audit  Tue, 21 Nov 2017 10:15:52 CST
  • The Beef Industry is Evolving and Certified Angus Beef is Setting the Curve in Value-Based Marketing  Mon, 20 Nov 2017 11:23:36 CST
  • NCBA's Tax Maven Danielle Beck Talks Turkey on Pre-Thanksgiving Tax Package and Its Impact  Fri, 17 Nov 2017 11:46:41 CST
  • Mark McCully of Certified Angus Beef, Connecting the Dots Between Producers and Profitability  Thu, 16 Nov 2017 10:19:37 CST
  • WTO Rules in Favor of US Claims Against Indonesia Giving US a Chance to Grow Its Market Share  Wed, 15 Nov 2017 11:46:57 CST
  • NCBA's Collin Woodall Praises Trump Admin. for Its Actions to Alleviate the Regulatory Burden on Ag  Tue, 14 Nov 2017 11:09:07 CST
  • While Trump's Trade Rhetoric May Just be a Negotiation Tactic, We Can't Afford to Take a Chance  Mon, 13 Nov 2017 12:07:30 CST
  • Don Close Says 2017 Has Been a Remarkable Year for Cattle Producer Profits  Sat, 11 Nov 2017 21:30:02 CST
  • Angus Breed Aiming for Genetically Based Feeder Calf Program to Enhance Value of Angus Calves  Wed, 08 Nov 2017 20:45:53 CST
  • Value Added Programs Play Important Role in the Success of Beef Markets, Made Evident this Year  Tue, 07 Nov 2017 11:59:07 CST
  • CattleFax CEO Randy Blach Says 2017's Robust Export Market the Industry's Biggest Bright Spot  Mon, 06 Nov 2017 12:08:14 CST
  • Animal Activist Groups Encouraging Followers to Harass Local Businesses to Force Their Compliance  Fri, 03 Nov 2017 09:49:53 CDT
  • CME's Collaboration with Cattle Industry Yields Some Welcomed Improvements to the Futures Market  Thu, 02 Nov 2017 11:35:34 CDT
  • Will Beef Take a Back Seat to Turkey and Ham this Holiday Season? Maybe Not, Says Glynn Tonsor  Wed, 01 Nov 2017 11:43:25 CDT
  • Glynn Tonsor Reads Between the Lines of Current Beef Market Data that Shows Underlying Demand  Tue, 31 Oct 2017 12:05:58 CDT
  • Trump's Trade Rhetoric Keeping Industry on Edge, Fearing Loss of Its Strong Export Market Position  Mon, 30 Oct 2017 11:11:20 CDT
  • Secretary Sonny Perdue Optimistic that Advancements in International Trade will Soon Pick Up Pace  Fri, 27 Oct 2017 12:17:07 CDT
  • LMIC's Jim Robb Keeping an Eye on Beef Byproduct Exports, Showing Signs of Softer Performance  Thu, 26 Oct 2017 11:01:17 CDT
  • Supplementing Herd's Fall Grazing with Sweetlix Mineral Blocks Can Add Up to 10% More Daily Gain  Wed, 25 Oct 2017 11:56:05 CDT
  • Stocker Producers Find Themselves in Rare Opportunity to Increase Their Margins of Profitability  Tue, 24 Oct 2017 10:42:25 CDT
  • Latest Cattle on Feed Report Shows Feedlot Inventories Continue to Swell - Dr. Derrell Peel Reacts  Mon, 23 Oct 2017 11:10:11 CDT
  • NCBA Says GIPSA "Deader Than a Doornail" After Secretary Sonny Perdue Dealt the Final Kill Shot  Fri, 20 Oct 2017 12:54:34 CDT
  • 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

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   Jan 17  |   Feb 17  |   Mar 17  |   Apr 17  |   May 17  |   Jun 17  |   Jul 17  |   Aug 17  |   Sep 17  |   Oct 17  |   Nov 17  |   Dec 17
       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit 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


       
       
    © 2008-2017 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI