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


Beef Demand Situation Looks Good by the Data, But Outside Threats Could Hinder Future Success

Tue, 30 Oct 2018 10:06:32 CDT

Beef Demand Situation Looks Good by the Data, But Outside Threats Could Hinder Future Success Several indications in the marketplace have been pointing to better beef demand thus far here in 2018. For example, many US customers on the international market have bought record levels of total beef pounds and at a higher value. Domestically, the exact numbers are a bit harder to pin down but seem to be doing well also. The numbers in the latest Cold Storage report, according to Extension Economist with Kansas State University Glynn Tonsor, are very encouraging.


“On the beef side, numbers are up 1% from the prior month and up 3% from the prior year. That’s not surprising given the production values we have going on,” Tonsor said. “To me, the fact those aren’t up five to ten percent is the relevant point. So, I’d say that’s good - that’s consistent with ongoing movement. I would summarize the beef numbers as an example that we are still moving product despite the fact that we’re producing a lot. Indirectly, that’s confirmation of a good demand situation.”


Despite the positive numbers coming out in these reports - Tonsor says there may be reason for concern in other areas outside of the beef market. Tonsor suggests the stock market and the recent volatility that has been observed is significant, given the implications. Although he is not to the point of raising any alarms, Tonsor does say that it is worth keeping an eye on in the event that any more cause for concern is raised.


“There is a host of grey clouds on the horizon that have people concerned. Discussions about increasing interest rates and the full impact of tariffs on our economy. Those types of things are underscoring volatility in the stock market and some of the uncertainty we’ve seen in markets is worth noting,” he said. “The 2008-2010 period - The Great Recession here in the US - was not a good period for meat demand and this week should give us some caution to think about that again.”


Listen to Tonsor’s full analysis of the beef demand situation and what factors could threaten it in the near future, 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 beef demand situation, what factors could threaten future success.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Animal Rights Activists Stoop to Exploiting Religious Beliefs and Manipulating Data to Further Cause  Mon, 12 Nov 2018 11:38:04 CST
  • Activists Succeed in Passing More Restrictions on Production Ag, Bringing Them Closer to Real Goal  Fri, 09 Nov 2018 11:37:42 CST
  • NCBA Lobbyist Colin Woodall Sees Action in the Lame Duck on the 2018 Farm Bill  Fri, 09 Nov 2018 05:14:18 CST
  • Ag Sec. Sonny Perdue Maintains USDA Authority Over 'Fake Meat,' But Says FDA will Have a Role  Wed, 07 Nov 2018 22:12:23 CST
  • Certified Angus Beef Faces Its Next Big Hurdle- Raising the Bar on Consumer Trust to the Next Level  Tue, 06 Nov 2018 11:30:16 CST
  • Certified Angus Beef's John Stika Says Brand's 40 Years of Success is Amazing, Continues to Grow  Mon, 05 Nov 2018 14:26:36 CST
  • Oklahoma Wheat Pastures Look Promising for Grazing this Winter - Just as Soon as They Dry Out  Fri, 02 Nov 2018 10:50:22 CDT
  • Zombie WOTUS Rises from the Dead in Carolina Court Case- NCBA Fighting to Return It to the Grave  Thu, 01 Nov 2018 10:01:25 CDT
  • USDA Undersecretary Greg Ibach Shares Vision for a National Beef Production Traceability System  Wed, 31 Oct 2018 09:50:35 CDT
  • Beef Demand Situation Looks Good by the Data, But Outside Threats Could Hinder Future Success  Tue, 30 Oct 2018 10:06:56 CDT
  • Consumers Sending Market Clear Message: They Want High-Quality Beef and are Willing to Pay for It  Mon, 29 Oct 2018 10:40:48 CDT
  • NCBA Fights Back on FDA's Challenge of USDA's Authority Over Fake Meat - Calls Industry to Action  Fri, 26 Oct 2018 09:58:16 CDT
  • What's Good for the Goose is Not Necessarily Good for the Gander-RCALF's Bill Bullard on Mandates  Thu, 25 Oct 2018 10:30:38 CDT
  • R-CALF CEO Bill Bullard Sets Record Straight on Group's Alleged Ties to Human Society of the US  Wed, 24 Oct 2018 10:26:14 CDT
  • Be Advised Beef Producers- Consumers Are Now Becoming Increasingly Concerned with Cattle's Diet  Tue, 23 Oct 2018 10:45:50 CDT
  • Consumers Agree Modern Production Yields Quality Beef - It's Animal Welfare That Concerns Them  Mon, 22 Oct 2018 11:36:47 CDT
  • Chief Ag Negotiator Greg Doud Weighs in on the Highly Anticipated Bilateral Trade Talks with the EU  Fri, 19 Oct 2018 10:56:49 CDT
  • Rancher Donnell Brown Believes Five Traits Measured by Genomic EPDs Can Simplify Bull Selection  Thu, 18 Oct 2018 03:57:31 CDT
  • Do You Know What Your Cattle are Really Worth? CAB’s Justin Sexton on the True Value of Quality  Wed, 17 Oct 2018 15:51:10 CDT
  • Cattle Industry Comes Together to Launch Cattle Trace Pilot Project, Now Underway in Kansas  Tue, 16 Oct 2018 10:32:07 CDT
  • Derrell Peel Takes a Close Look at the Big Picture of Oklahoma's Beef Market Opportunities This Fall  Mon, 15 Oct 2018 15:13:00 CDT
  • The Trouble with China - NCBA's Kent Bacus Supports Washington's Game of Hard Ball with Beijing  Fri, 12 Oct 2018 11:12:36 CDT
  • NCBA Calls for Sense of Urgency in Trade Deal Negotiations with Japan as Competition Stiffens  Thu, 11 Oct 2018 10:35:00 CDT
  • US Beef's International Success Boils Down to Two Things: Its Great Taste and Good Trade Deals  Wed, 10 Oct 2018 11:40:43 CDT
  • US Beef Exports Set Another Record in August with No End to the Growing Momentum in Sight  Tue, 09 Oct 2018 10:31:03 CDT
  • Supreme Court Proceeds with Critical Cases to Agriculture Over Weekend, Sans Kavanaugh's Vote  Mon, 08 Oct 2018 10:41:42 CDT
  • From Mama Cow to the Feedlot, Alltech's New Blueprint Nutrition Program Delivers Real Results  Fri, 05 Oct 2018 11:14:46 CDT
  • Janeal Yancey, the 'Mom at the Meat Counter,' Encourages Producers to Get on Consumers' Level  Thu, 04 Oct 2018 10:52:32 CDT
  • A Look at Trump's new NAFTA from a Livestock Perspective with Extension Economist Glynn Tonsor  Wed, 03 Oct 2018 10:36:27 CDT
  • LMA's Livestock Auctioneering Championship Showcases Vocation's Value to the Cattle Industry  Tue, 02 Oct 2018 14:54:40 CDT
  • Ag's Message of 'Do No Harm' Heard by Administration and Implemented in New KORUS Agreement  Mon, 01 Oct 2018 10:36:24 CDT
  • Despite Consumers Growing Concern with Production Practices - Taste, Price, Convenience Still King  Fri, 28 Sep 2018 09:58:18 CDT
  • Big News Arrives this Week as White House Announces US-Japan Bilateral Trade Deal in the Works  Thu, 27 Sep 2018 10:10:41 CDT
  • Unless You Treat the Underlying Cause Don't Expect Results- Vet AJ Tarpoff Talks Treatment Failure  Wed, 26 Sep 2018 10:59:18 CDT
  • Trump Slaps China with Another $200 Billion in Tariffs While World Watches to See Who Blinks First  Tue, 25 Sep 2018 10:48:10 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.