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
   
   
   
   
   
   
   
   

Agricultural News


2018 US Beef Export Sales Set to Break Record with an Estimated $8.5 Billion of Total Product Sold

Mon, 11 Feb 2019 10:31:27 CST

2018 US Beef Export Sales Set to Break Record with an Estimated $8.5 Billion of Total Product Sold


Delayed by the government shutdown, the US Department of Agriculture just last week released the November 2018 beef export numbers compiled by the US Meat Export Federation. The report indicates that US beef exports for 2018 have already surpassed the previous record set in 2017 of $7.27 billion worth of product sold, at $7.63 billion between January and November 2018. In a recent conversation with Radio Oklahoma Ag Network Farm Director Ron Hays, USMEF President and CEO Dan Halstrom said the December numbers will soon be released and when they are, we will all see how remarkable 2018 was for the beef export business.


“If you were to look six or seven months ago… no one would have estimated it would have turned out as well as it is. We’re forecasting we’ll be at all of $8.5 billion in global exports of beef and beef variety meats in 2018 which will by far be a new record,” he said. “But, I think the thing that’s interesting about it is - it’s really broad-based.”


Halstrom explains that no one area of the world is solely responsible for the significant growth that is being observed in the global beef market. Rather, he says, developed and developing nations alike are seeing increases in their beef per capita consumption. Though this can be said about countries around the world like Singapore and Japan - which continues to present incredible growth opportunity for the US despite concerns of increased competition in that market due to the Trans-Pacific Partnership coming into effect - and entire regions such as Central and South America; Halstrom says South Korea has really been the shining star.


“I think what you are seeing there is a combination of increased beef per capita consumption, declining self-sufficiency and a free trade agreement that works well,” Halstrom remarked. “Add it all up, it makes for a growth of 45 percent. It’s really a testament to the work of the Beef Checkoff dollars, US government dollars and a team effort from the industry to really reassure the Korean consumer of the safety and more importantly, the taste of US beef.”


Listen to Halstrom and Hays discuss the record pace of US beef exports in 2018 further, 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.




   





   

Hear Halstrom and Hays discuss the record pace of US beef exports in 2018 further, on today's show.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • AFBF Leads 135 Farm Groups in Asking President Trump, Congress to Give Farmers Disaster Relief  Fri, 19 Apr 2019 13:39:42 CDT
  • Oklahoma State FSA Director Scott Biggs Contends on Farms and Ranches, Every Day Is Earth Day   Fri, 19 Apr 2019 13:35:34 CDT
  • Ag Banks Make Adjustments as Lending Remains Elevated, According to the Federal Reserve Bank  Fri, 19 Apr 2019 13:23:54 CDT
  • U.S. Grains Council Supports World Trade Organization Report Finding China Misused Corn TRQ  Fri, 19 Apr 2019 13:15:57 CDT
  • Check Out Your 2019 Southeast Area Star in Agribusiness, Colten Spears of the Atoka FFA Chapter  Fri, 19 Apr 2019 13:31:19 CDT
  • Kim Anderson Says Price Forecasts Not Great for Commodities Even Though the Weather Forecast Is  Fri, 19 Apr 2019 13:08:19 CDT
  • OKFB's Ron Justice Monitors Progress of Concerning Water Bills as Important Deadline Approaches  Fri, 19 Apr 2019 12:49:53 CDT
  • Cattle on Feed Up 2% - OSU's Derrell Peel Breaks Down the Numbers in this Month's USDA Report  Fri, 19 Apr 2019 11:00:38 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Herbs Herb Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment AFR Insurance Oklahoma City Farm Show 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.