Beef Buzz News
KSU's Dr. Glynn Tonsor Explains Why Beef Imports Are Necessary For Robust Beef Exports
Fri, 05 Jun 2020 09:40:51 CDT
Should the U.S. export beef but not import foreign beef? The question first gained traction during the BSE outbreak in 2003. Dr. Glynn Tonsor, K-State livestock market economist has studied the issue extensively and explained on todayís Beef Buzz why you canít have one without the other.
Ron Hays Beef Buzzes With Dr. Glynn Tonsor
First, Tonsor said itís hard to escape the fact we export far more pounds of beef than we import, leading to a favorable trade imbalance.
The BSE incident provides solid data to support Tonsorís deductions as the U.S. has had strong growth in the export market in the past 16 years.
We went from losing almost 80 percent of our exports due to BSE to actually gaining 20 percent in volume by 2019, Tonsor said.
Now add value of the beef exports and the argument gets even stronger.
The U.S. Meat Export Federation estimates the value that exports add on every U.S. steer at around $310 dollars, Tonsor said. This is more than double the value before BSE and more than 10 times the value we had in 2004, he said.
The K-State economist said itís important to recognize the overall value of exporting U.S. cattle.
We raise live animals that provide a whole host of products and those products find their way to the market that is most valuable, Tonsor said. For example, beef tongues are not in demand in the U.S. but do have a strong market overseas, if we have access to those markets.
The importance of importing beef helps us gain market access. Tonsor said the bulk of imports from places like Australia is a highly lean product blended with domestic trim products for a more robust ground beef product.
Click on the LISTEN BAR below to hear more comments from Dr. Glynn Tonsor.
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 todayís show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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