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


2018 an Exceptional Year for US Beef Exports Especially in Asian Market Despite Current Challenges

Wed, 13 Mar 2019 10:57:58 CDT

2018 an Exceptional Year for US Beef Exports Especially in Asian Market Despite Current Challenges The recent USDA release of the December livestock trade data, according to Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel, puts a bow on cattle and beef trade for 2018. For the year, beef exports increased 10.3 percent year over year and beef imports were nearly unchanged, up 0.2 percent. Total cattle exports increased 23.7 percent year over year while cattle imports increased 5.2 percent from one year ago. This article focuses on beef exports. In a recent interview, Peel says this report confirmed what most were already anticipating - another record year for US beef exports.


This report, delayed by the government shutdown earlier this year, indicates that US beef exports increased for a third consecutive year in 2018 to a new record level of 3.16 billion pounds. Beef exports were up to most major markets including Japan, up 6.6 percent; South Korea, up 35.0 percent; and Mexico, up 7.0 percent. Canada decreased 3.0 year over year while beef exports to Taiwan increased 34.4 percent from 2017 to a new record level.


Hong Kong is currently the number four market for U.S. beef and was down 8.5 percent in 2018. Trade data for Hong Kong are reported separately from Mainland China but it will be increasingly important to consider Hong Kong and China data jointly in the future. It is expected that expected that exports to Hong Kong (which include unofficial or “grey trade” movement of products into China) may decrease when U.S. beef exports to China grow. It has been reported recently that China has clamped down on grey trade coming through Hong Kong. Beef exports to mainland China in 2018 (the first full year of market access under current agreements) represented 0.7 percent of total U.S. beef exports. U.S. beef exports to China remain minimal due to the tariffs currently in place. Combined Hong Kong/mainland China beef exports were down 4.6 percent year over year in 2018.


Peel says the fact that significant growth was seen in the Asian markets, like Japan (the No. 1 market for US beef), is remarkable given the disadvantages the US beef industry has there with the Trans-Pacific Partnership now in effect and the intensified pressure of tariffs there.


Listen to Peel’s full analysis over the health of the US beef export business, with Radio Oklahoma Ag Network Farm Director Ron Hays, on today’s Beef Buzz - brought to you by the American Angus Association. America’s breed.


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 Peel's full analysis over the health of the US beef export business, on today's Beef Buzz.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Producers Face Many Considerations as Feeder Markets Come Under Pressure of Rising Feed Costs  Wed, 17 Jul 2019 11:04:44 CDT
  • OSU Market Watcher Derrell Peel Shares His Observations from the Countryside on the Cattle Industry  Tue, 16 Jul 2019 09:57:41 CDT
  • R-CALF CEO Bill Bullard in Oklahoma to Promote a Pro-MCOOL Message to Local Beef Producers  Mon, 15 Jul 2019 11:31:25 CDT
  • Greenhouse Gas Guru, Mitloehner, Says Cow-Fart Protestors Spread More Manure than Beef Industry  Fri, 12 Jul 2019 14:15:28 CDT
  • LMIC's Jim Robb Says US Beef Exports Finally Catch Up to Speed While Imports are Larger Than Expected  Thu, 11 Jul 2019 10:39:43 CDT
  • Boxed-Beef Trade's Surprising Performance Underpinning Current Strength in the Marketplace  Wed, 10 Jul 2019 10:28:23 CDT
  • New Web-Based Sire Selection Tool Promises Easier Decision-Making with Herd Specific Optimization  Tue, 09 Jul 2019 10:25:26 CDT
  • Feeling Buried by All the EPDs Out There? University of Nebraska's Matt Spangler May be Able to Help  Mon, 08 Jul 2019 11:54:46 CDT
  • What Do Consumers Really Think About Beef? They Love It... They Just Don't Know Much About It  Fri, 05 Jul 2019 10:32:55 CDT
  • NCBA's Head of Market Research Rick Husted Talks Consumer Perceptions of Beef and Beef Production  Wed, 03 Jul 2019 10:24:30 CDT
  • Industry Association Spearheads Effort to Create Recovery Tool for Producers Victim of Dealer Default  Tue, 02 Jul 2019 10:34:22 CDT
  • BQA Program Continues to Benefit, Improve US Beef Industry as More Producers Commit to Quality  Fri, 28 Jun 2019 10:21:34 CDT
  • Ag Economist Glynn Tonsor Expects Strong Market Reaction if Positive Movement Made in Trade Talks  Thu, 27 Jun 2019 11:06:12 CDT
  • While Not a Market Mover, Latest On Feed Report Does Not Bode Well For Feeders' Bottom Lines  Wed, 26 Jun 2019 11:13:34 CDT
  • Oklahoma National Stockyard's First Female General Manager Kelli Payne Showcases Market's Historical Significance  Tue, 25 Jun 2019 10:53:50 CDT
  • Secure Food Supply Plans Allow Farmers and Ranchers to Take Biosecurity into Their Own Hands  Mon, 24 Jun 2019 12:22:48 CDT
  • RMA's Haying and Grazing Date Adjustment Good News for Cattle Producers Badly in Need of Forages  Fri, 21 Jun 2019 11:40:04 CDT
  • NCBA's Scott Yager Touts Livestock Producers' Regulatory Relief from Superfund Law Under FARM Act  Thu, 20 Jun 2019 11:07:36 CDT
  • Market Watcher Derrell Peel Shares His Advice on How to Build Your Strategy Around Market's Mounting Volatility  Wed, 19 Jun 2019 10:05:52 CDT
  • Prospect of Higher Feed Costs Generating Both Challenges and Opportunities for Cattle Producers  Tue, 18 Jun 2019 11:01:21 CDT
  • Beef Industry Experts Don Close and Kent Bacus Explain Why Mandatory Labelling Isn't So "COOL" After All  Mon, 17 Jun 2019 11:36:49 CDT
  • Rabo Agrifinance’s Don Close Shares His Top Four “Unknown Unknowns” of the Beef Industry in 2019  Fri, 14 Jun 2019 09:29:13 CDT
  • Despite Minor Declines, US Beef Export Business Continues to Perform Well as Fringe Markets Grow  Thu, 13 Jun 2019 13:19:37 CDT
  • Cattle Market Under Pressure as Corn Plantings Continue to Struggle, Adding to Price Weakness  Wed, 12 Jun 2019 11:07:37 CDT
  • Government Cracks Down on Sue and Settle Tactics Employed by Environmental Activist Groups  Tue, 11 Jun 2019 10:28:55 CDT
  • Industry Has Its Work Cut Out for Itself as Wildlife Service Weighs Listing the Lesser Prairie Chicken  Mon, 10 Jun 2019 11:19:40 CDT
  • NCBA's Colin Woodall Calls Out Misconceptions About Fake Meat's Claims of 'Zero-Sum' Production  Fri, 07 Jun 2019 10:49:24 CDT
  • Donnell Brown Proclaims Efficiency the Next Great Frontier, Genomic Enhancement will Get Us There  Thu, 06 Jun 2019 09:53:06 CDT
  • Generational Transfer Happens Whether We're Prepared for it or Not - So Why Not Plan Ahead Now  Wed, 05 Jun 2019 09:42:15 CDT
  • Food Industry Leader John Patrick Lopez Says Sharing Agriculture's Story is Everyone's Responsibility  Tue, 04 Jun 2019 10:15:01 CDT
  • OKC-Based Processor Behind McDonald's Non-Frozen Beef Menu Brings Chain Some Fresh Sizzle  Mon, 03 Jun 2019 11:57:26 CDT
  • China's African Swine Fever Problem Largely Seen as a Positive for US Ag- But What's the Downside  Fri, 31 May 2019 10:20:36 CDT
  • Angus Dollar Value Index Upgraded to Meet Today's Economic Conditions, Dan Moser Explains  Thu, 30 May 2019 10:59:45 CDT
  • Greenhouse Gas Guru, Mitloehner, Says Cow-Fart Protestors Spread More Manure than Beef Industry  Wed, 29 May 2019 09:40:47 CDT
  • USDA Reports Highest May 1 Inventory of Cattle on Feed Since '96 - Derrell Peel Shares His Analysis  Tue, 28 May 2019 10:21:29 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

    Search OklahomaFarmReport.com


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

    WebReady powered by WireReady® Inc.