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


Agricultural News

Beef Exports Continue to Blaze But will Australia's Duty-Advantage Over the US Snuff Out the Flame?

Mon, 17 Jul 2017 11:13:06 CDT

Beef Exports Continue to Blaze But will Australia's Duty-Advantage Over the US Snuff Out the Flame?

Radio Oklahoma Ag Network Farm Director Ron Hays had the chance to speak with President and CEO of the US Meat Export Federation, Phil Seng, recently, who says so far, this year US beef exports have been on fire.

“The first five months of this year, we performed very well in our traditional markets: Japan, Korea, Taiwan, Mexico and Canada,” he said. “We’re up about 12 percent as far as our volume and about 16 percent as far as our value, internationally.”

Recently, the value of these markets constitutes about $270 a head for fed steers, a fairly significant export dividend for beef producers. Part of this sustained strength in Asian markets is due to the fact that to some degree, their production bases are declining, while their economies continue to thrive. As a result, consumers in these markets have begun demanding higher valued products from the US.

“All the projections are pointing North; they’re going up. We’re very excited about the prospects,” Seng reported, but confessed his fear of rising competition in Japan’s market with Australia, which as a member of the Trans-Pacific Partnership stands to benefit from lowered tariff rates. “(Japan) has traditionally been our most reliable, dependable market and we just can’t allow the competitor to have that kind of a duty-advantage.”

Listen to Hays speak with Seng about the outstanding performance of US beef exports this year, and why it is important to begin addressing the potential threat of increased competition in our traditional international market base, 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.



Listen to Seng and Hays discuss the performance of US beef exports this year and the outlook ahead
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • 2018 Oklahoma Youth Expo Sets Records- $1.3 Million Paid Out to Youth in Sale of Champions- $115,000 to Grand Steer  Sat, 17 Mar 2018 16:04:08 CDT
  • Check Our Our OYE FLICKR Albums- 1,900 Photos Available to Enjoy- Powered by ITC, Your Energy Superhighway  Sat, 17 Mar 2018 12:09:42 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, March 16, 2018  Fri, 16 Mar 2018 14:30:03 CDT
  • Friday Market Wrap-Up with Justin Lewis  Fri, 16 Mar 2018 14:01:20 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn  Fri, 16 Mar 2018 13:54:24 CDT
  • Kent Boggs Announces Retirement from His 33-Year Career as Oklahoma FFA's Executive Secretary  Fri, 16 Mar 2018 13:18:36 CDT
  • AV Drone Analytics Has Farmers Looking Towards the Skies for Newest Crop Management System  Fri, 16 Mar 2018 12:28:28 CDT
  • Congressman Jodey Arrington, NCC's Bruce Atherley to Speak at Plains Cotton Growers Convention  Fri, 16 Mar 2018 11:12:29 CDT
  • Grand Champions Selected- Sale of Champions Set for 4 PM Friday- Here is Your Lineup of 213 Animals to Sell  Sat, 17 Mar 2018 20:58:17 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association Oklahoma City Farm Show

    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.