Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674


Agricultural News

Net Export Value of U.S. Beef Trade Posts Record High in 2011

Thu, 08 Mar 2012 10:39:45 CST

Net Export Value of U.S. Beef Trade Posts Record High in 2011

The combined dollar value of all U.S. cattle, beef and beef product exports posted a record high in 2011, according to the Livestock Information Marketing Center.

Jim Robb, the executive director of the LMIC says when we look at beef exports it’s easy to forget the contribution made to increased cattle prices by hides, variety meats, tallow and greases. He said the value from those projects was record-setting in 2011. The export value of those products added over $2 billion or 20 percent in 2011. Robb said that is the major reason why we’ve seen record high cattle prices.

The net value of exports of all beef products minus the value of all beef product imports had been rather flat, Robb said, but, “it’s been positive for each of the last two or three years following the BSE years which were very negative in the export context.

“And the year-to-year increase in net export value was over $1.8 billion. That’s new money, essentially, into the beef industry from these export markets. That 1.8 billion is a very large amount if we do that calculation on a per-head basis. This is really the major supportive factor, if we look at all the factors in the beef industry in 2011, that caused cattle prices to be where they were.”

Robb said there is every reason to believe 2012 will continue the upward trend in beef product exports and support higher prices across the market.

“Prices are generally on a higher plain. We mostly export high-value items. In terms of value we expect the value of U.S. beef exports to gain in 2012 and feeder cattle imports probably won’t be much larger than they were. In fact if it rains in northern Mexico, they’ll see reduced feeder cattle imports by the U.S. We think the net value in 2012 will continue to gain.

“These are billions of dollars of gain in recent years and that is a substantial economic impact and does come back to cattle prices.”

The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network- but is also 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.



Jim Robb talks with Ron Hays about Net Value of Beef Exports
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Tulsa State Fair Draws More Cattle Exhibitors  Tue, 06 Oct 2015 16:52:09 CDT
  • Monsanto Pledges Support To National Wheat Yield Contest  Tue, 06 Oct 2015 16:05:42 CDT
  • Registration Open, Rules Announced for National Wheat Yield Contest  Tue, 06 Oct 2015 14:57:35 CDT
  • Oklahoma Grain Elevator Cash Bids, Tuesday, October 6, 2015  Tue, 06 Oct 2015 14:44:00 CDT
  • Tuesday Closing Market Wrap Up with Justin Lewis  Tue, 06 Oct 2015 14:41:46 CDT
  • Tuesday Closing Market Wrap Up with Tom Leffler  Tue, 06 Oct 2015 14:38:35 CDT
  • Remarks by the President After Meeting with Agriculture Leaders on Trans-Pacific Partnership  Tue, 06 Oct 2015 14:30:37 CDT
  • CropLife America Issues Statement on Trans-Pacific Partnership Trade Agreement  Tue, 06 Oct 2015 14:24:31 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    National Livestock Credit Croplan Genetics Stillwater Milling Oklahoma Farm Bureau Wireless Pioneer Tulsa Farm Show American Farmers & Ranchers P&K Equipment Oklahoma Cattlemen's Association KIS FUTURES, INC.

    © 2008-2015 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI