Beef Buzz News
Beef Export Market Continues to Grow Despite the Current Intensity in the Global Trade Environment
Fri, 03 Aug 2018 11:17:52 CDT
One of the featured keynote speakers at the 2018 Cattle Industry Summer Business Meeting happening this week in Denver, was Dan Halstrom, president and CEO of the US Meat Export Federation. During his presentation, Halstrom assured producers that despite all the rhetoric and posturing that the current administration has taken on trade and the pushback from foreign trading partners - the beef industry at least continues to so far being faring reasonably well.
“I think the basic supply and demand dynamics are still very positive. We have data through May and the numbers look pretty good,” he told Radio Oklahoma Ag Network Farm Director Ron Hays. “Year-to-date coming off a record year last year, the volumes have gone up 10 percent and up about 20 percent on the value side. So, we are on track for new records.”
Halstrom added that the exciting thing about this growth, is that the gains are broad-based. To illustrate that point, Halstrom highlighted several instances of impressive growth such as South Korea, up 34 percent year-over-year; Taiwan up 31 percent; Central America as a region, up 20 percent; and the two largest US markets for beef Japan and Mexico, both up 4 or 5 percent. In fact, Korea, while it may not be the largest market- it is certainly the shining star right now. Halstrom reports that this year for the first five months, the US exceeded Australia’s share of the beef imports going in to that country - with the US now controlling 50 percent of its market share there.
“So, the broad-based demand continues to be very, very good,” he remarked. “But, we have this sort of cloud of uncertainty that’s hanging over us and that’s definitely not helping us at the moment.”
Listen to Halstrom and Hays discuss the export market growth that has occurred this year despite the current intensity in the trade environment, 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 Halstrom, Hays discuss the export market growth that's occurred despite the heavy trade scene.
right-click to download mp3
WebReadyTM Powered by WireReady® NSI
Beef News
Oklahoma Cattle Producers Cautiously Optimistic Says OCA's Michael Kelsey Fri, 22 Jan 2021 08:34:02 CST
MOU Between USDA and FDA on Gene Editing is Good Business Says NCBA's Ethan Lane Thu, 21 Jan 2021 08:24:49 CST
January Cattle Inventory Report Expected to Show a Stable U.S. Cow Herd Says OSU's Derrell Peel Wed, 20 Jan 2021 08:33:42 CST
Simmental Cattle Breeders Expect a Great Year After Their Success in 2020 Tue, 19 Jan 2021 08:05:42 CST
American Hereford Association Executive Jack Ward Proud of Breed's Genetic Improvements Mon, 18 Jan 2021 08:17:21 CST
Gene Editing Technology Could Soon Be Common Practice For Beef Cattle Industry Fri, 15 Jan 2021 08:08:55 CST
Seedstock Industry Undergone Many Changes in Last 20 Years, Says Jack Ward, American Hereford Association Thu, 14 Jan 2021 08:06:15 CST
2020 Taught Beef Producers a Valuable Lesson, Says American Angus Assoc. CEO Mark McCully Wed, 13 Jan 2021 10:42:47 CST
Angus Breeders Survived 2020 By Being Flexible And Quickly Adapting, Says CEO Mark McCully Tue, 12 Jan 2021 08:02:38 CST
Superior Livestock's Bell Ringer Sale Opens The Year With a Record Number of Cattle Offered Mon, 11 Jan 2021 08:45:57 CST
Oklahoma City's Central Location Helped Breed Association's Pivot Quickly When Denver Canceled, Says Shane Bedwell, American Hereford Association Fri, 08 Jan 2021 15:19:27 CST
Livestock Shows Offer "Eveball" Evaluation to Compliment Genetic Evaluation Thu, 07 Jan 2021 08:48:20 CST
Cattle Prices to Improve in 2021 Says Katelyn McCullock, Livestock Marketing Information Center Wed, 06 Jan 2021 08:29:06 CST
Limousin Breeders Excited to Display Cattle Genetics During Cattlemen's Congress Underway Now in Oklahoma City Tue, 05 Jan 2021 08:44:59 CST
With More Than 11,000 Head Entered, Cattlemen's Congress Livestock Show is Considered Essential to The Nation's Food Supply Tue, 05 Jan 2021 05:23:52 CST
With More Than 11,000 Head Entered, Cattlemen's Congress Livestock Show is Considered Essential to The Nation's Food Supply Mon, 04 Jan 2021 08:47:54 CST
New USDA Dietary Guidelines Good For Beef Industry, Says NCBA's Danielle Beck Thu, 31 Dec 2020 09:02:57 CST
NCBA's Ethan Lane Says There Are Some Positives to Having a Familiar Face Return to The USDA Wed, 30 Dec 2020 08:39:05 CST
NCBA's Ethan Lane Says Budget Bill Includes Several Good Things For Animal Agriculture Tue, 29 Dec 2020 08:34:38 CST
Budget and Corona Virus Aid Legislation Includes Additional Funds For Livestock Producers Mon, 28 Dec 2020 08:48:03 CST
Cattlemen's Congress Expected to Have a Huge Economic Impact Thu, 24 Dec 2020 08:17:54 CST
Cattlemen's Congress to Begin Jan. 2 in Oklahoma City Wed, 23 Dec 2020 07:58:47 CST
January Cattle Inventory Report Could Set The Stage For a Successful 2021, Says OSU's Derrell Peel Tue, 22 Dec 2020 08:08:22 CST
December Cattle on Feed Report Shows Market Wrinkles Have Been Mostly Erased Mon, 21 Dec 2020 10:34:04 CST
Beef Producers Seek New Promotion Opportunities And Will Sponsor NASCAR Race In February Fri, 18 Dec 2020 08:57:45 CST
New Study Shows Consumers Prefer Beef When Eating at Home During The Holidays Thu, 17 Dec 2020 11:00:59 CST
Cattle Markets Mixed as we Wrap up The Year, Says OSU's Dr. Peel Wed, 16 Dec 2020 18:53:58 CST
Lower Beef Cut Out Values Could Be Due to Seasonal Pressure, Says KSU's Dr. Glynn Tonsor Tue, 15 Dec 2020 08:36:10 CST
Hybrid Vigor Key For Commercial Cattle Producers, Says Veteran Texas Rancher Donnell Brown Mon, 14 Dec 2020 10:01:00 CST
Merck Animal Health Has New Technology to Optimize Value For Beef Cow Producers Fri, 11 Dec 2020 08:25:13 CST
Cattlemen's Congress Livestock Show to Crown First Ever National Champions For Open Class Heifer And Bull And Could Have $50 Million Economic Impact Thu, 10 Dec 2020 15:40:02 CST
OYE's Tyler Norvell Says They Are in Final Stages of Preperation For The Cattlemen's Congress in January Wed, 09 Dec 2020 10:46:25 CST
KSU Vet Dr. Jordan Gebhardt Talks About Bio Exclusion in The Feed Industry Tue, 08 Dec 2020 08:48:49 CST
Anti-Ag Animal Groups Keep Up Attacks During Pandemic But Message May Be Falling On Deaf Ears as Consumer Demand For Meat Increases Mon, 07 Dec 2020 08:15:54 CST
Anti-Animal Ag Groups Ramp Up Attacks During Pandemic Fri, 04 Dec 2020 08:40:31 CST