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


It's Not Renegotiating Trade Terms That's Scary - It's Duking It Out with So Many Countries at Once

Thu, 12 Jul 2018 10:03:23 CDT

It's Not Renegotiating Trade Terms That's Scary - It's Duking It Out with So Many Countries at Once The tough rhetoric on trade coming from President Trump and his White House Administration has created a lot of angst in the US economy as, including the cattle industry, as many of our key trading partners continue to push back. The rising tensions between nations has given way to much uncertainty in the global marketplace with the breakdown of existing market access agreements and the reciprocal threats of increased tariffs, especially in China’s case. The National Cattlemen’s Beef Association says if the most recent round of Chinese tariffs levied on US beef products holds, the cattle industry could be faced with a $70 million loss in 2018. While that is not an insignificant amount, it is not a death blow to the industry either. The value of beef exports in May alone totaled $722 million around the world. That is an important point to keep in mind says Extension Economist Dr. Glynn Tonsor, who contends having a diverse export portfolio can help mitigate things when issues such as these arise. Luckily, he says the US does in fact enjoy access to many markets worldwide. He explained the importance of this strategy in a recent interview, using Japan as an example.


“Twenty-five years ago, half of the beef volume shipped out of the US went to Japan. The US benefited by good trade with Japan, but it was very reliant on Japan from an export perspective,” he said. “Now, that number is less than one-fourth. It’s still a very important market but we’re less reliant on that one country than we used to be. That eases concerns, because if you lose access or get worse terms in one country - you have the ability to shift some product to another country if you have a foothold there doing business.”


However, while the US is set up well to handle such a problem, the situation we find ourselves in today is a bit more complicated due to the fact that we are contesting the trading agreements with several of our major markets.


“One concern that I do have is we have ongoing discussions with several of our major importing countries that kind of all came at the same time,” he said. “I wouldn’t be as concerned about it if it was just one country, but when you have it going on in several countries, it’s actually quite amazing to me that we’ve had as positive a trade reporting story in 2018 as we’ve had.”


Listen to Tonsor’s full analysis of the current export market situation and what concerns he has, with Radio Oklahoma Ag Network Farm Director Ron Hays, 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.



   




   

Hear Tonsor's full analysis of the current export market situation and what concerns he has, tap below
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Industry Pulls Together to Define Antimicrobial Stewardship, Ensure Essential Drugs Remain Available  Fri, 21 Sep 2018 10:22:31 CDT
  • NCBA Chief Vet Kathy Simmons Says Farm Bill Funding Critical to Realizing Secure Beef Supply Plan  Thu, 20 Sep 2018 10:01:29 CDT
  • LMIC's Jim Robb Predicts Friday's Cattle on Feed Report Placements Will Draw Significant Attention  Wed, 19 Sep 2018 11:17:32 CDT
  • Beef Markets Surprise with Unseasonable Fundamental Strength Supported by Cheaper Corn Stocks  Tue, 18 Sep 2018 10:59:44 CDT
  • Turning 40 This Year, the Certified Angus Beef Program Has More Than Just Longevity to Celebrate  Mon, 17 Sep 2018 09:38:54 CDT
  • Witnessing a Revolution - Genomic Research, New Technology Continues to Advance Angus Breed  Fri, 14 Sep 2018 09:42:15 CDT
  • Mystery Lurks as Seasonal Lows in Cull Cow Market Arrive Early- LMIC’s Jim Robb Offers This Advice  Thu, 13 Sep 2018 10:57:55 CDT
  • US Beef Export Numbers Paint a Picture of a Robust Demand Environment in the Global Marketplace  Wed, 12 Sep 2018 10:46:16 CDT
  • NCBA's Colin Woodall Races Against Clock to Tie-up Legislative Priorities as Fall Deadlines Approach  Tue, 11 Sep 2018 10:51:24 CDT
  • Let's Face It, These Days Advocacy Has Become Just Another Part of Doing Business on the Ranch  Mon, 10 Sep 2018 11:15:55 CDT
  • Animal Disease Still a Serious Threat to Markets, But Much Progress Has Been Made to Limit Impact  Fri, 07 Sep 2018 11:29:01 CDT
  • Strong Beef Demand Helping Offset Rising Supplies of Cattle in Pipeline  Thu, 06 Sep 2018 08:39:37 CDT
  • After the Website Makeover, Millions Flock to Beef It's Whats for Dinner- Nicely Done!  Wed, 05 Sep 2018 12:40:55 CDT
  • Beef, It's Whats for Dinner Revitalization Going Well- Beef Industry to Build on Rollout with Chuck the Beef Bot  Tue, 04 Sep 2018 06:33:02 CDT
  • Derrell Peel Advises Producers to Start Considering Fall Marketing Plans as Seasonal Lows Approach  Fri, 31 Aug 2018 11:26:54 CDT
  • Geneticist Megan Rolf Shares Her Progress on Developing the Next Big EPD for Water Efficiency  Thu, 30 Aug 2018 10:39:44 CDT
  • K-State's Megan Rolf Continues Search for Elusive Genetic Trait to Improve Cattle's Water-Efficiency  Wed, 29 Aug 2018 15:15:44 CDT
  • NCBA Environmental Counsel Scott Yager Says WOTUS Fight Likely Headed for the Supreme Court  Tue, 28 Aug 2018 10:20:02 CDT
  • Latest USDA Cattle on Feed Report Confirms Larger Supplies Ahead, OSU's Dr. Derrell Peel Reacts  Mon, 27 Aug 2018 10:23:58 CDT
  • Turning 40 This Year, the Certified Angus Beef Program Has More Than Just Longevity to Celebrate  Fri, 24 Aug 2018 11:36:17 CDT
  • Witnessing a Revolution - Genomic Research, New Technology Continues to Advance Angus Breed  Thu, 23 Aug 2018 10:30:48 CDT
  • Speculations Form as Market Awaits Release of On Feed Report, Expectations Hinge on Marketings  Wed, 22 Aug 2018 11:15:24 CDT
  • Changing the Rhythm - The Rise of Disruptive Technologies and Their Influence on the Beef Industry  Tue, 21 Aug 2018 10:39:30 CDT
  • Is Your Herd Health Program Up to Snuff? BI's Craig Jones Offers Tips on Prepping for Fall Calving  Mon, 20 Aug 2018 10:22:35 CDT
  • Though Painful, Beef Producers Continue to Back President's Trade War: "Do What You Gotta Do"  Fri, 17 Aug 2018 10:17:05 CDT
  • Europe Claims It's Willing to Negotiate Trade Terms with US, But are They Really Serious About That  Thu, 16 Aug 2018 10:15:20 CDT
  • Livestock Economist Derrell Peel Says Market Signals All Pointing to Stocker Opportunities This Fall  Wed, 15 Aug 2018 11:14:38 CDT
  • Beef's New Digital Presence Already Showing Significant Return on Investment Less Than a Year In  Tue, 14 Aug 2018 11:22:36 CDT
  • Move Over Siri- NCBA's Alisa Harrison Shares Beef Industry's Plans to Introduce the World to 'Chuck'  Mon, 13 Aug 2018 11:26:01 CDT
  • Bill Bullard Explains the Injunction in Place Against Montana Beef Council Which Could be Expanded to Cover Other State Beef Councils  Fri, 10 Aug 2018 10:28:59 CDT
  • California Rancher Michael Williams Defends US Roundtable for Sustainable Beef- Saying Group is About Education to Improve Production Practices Across the Beef Chain  Thu, 09 Aug 2018 21:05:31 CDT
  • NCBA's Colin Woodall Says Fake Meat a Real Threat, Why USDA Should Oversee All Meat Products  Wed, 08 Aug 2018 11:17:44 CDT
  • Issue of Traceability Gains Traction in Cattle Industry, Producers Mull Possibilty of Voluntary Programs  Tue, 07 Aug 2018 10:23:27 CDT
  • Keep Calm and Carry On - Trump's Trade War Rages On, But World Market Remains Full of Optimism  Mon, 06 Aug 2018 10:26:37 CDT
  • Beef Export Market Continues to Grow Despite the Current Intensity in the Global Trade Environment  Fri, 03 Aug 2018 11:28:18 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   Jan 18  |   Feb 18  |   Mar 18  |   Apr 18  |   May 18  |   Jun 18  |   Jul 18  |   Aug 18  |   Sep 18  |   Oct 18  |   Nov 18  |   Dec 18
       

    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 KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.