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


US Meat Exports Fail to Meet Expectations During First Quarter of 2019, Will this Trend Continue?

Thu, 16 May 2019 11:32:09 CDT

US Meat Exports Fail to Meet Expectations During First Quarter of 2019, Will this Trend Continue?


The US Department of Agriculture has completed and released the first full quarter worth of data on US meat exports for 2019. Bottom line, according to Livestock Marketing Information Center Senior Economist Jim Robb, the numbers are a bit more disappointing than stakeholders had hoped.


Citing the recent report compiled by the US Meat Export Federation, Robb shared that in March of this year, US pork exports were down 4 percent year over year despite expectations that the ongoing African Swine Fever situation in Asia would boost activity. Most disappointing was that pork exports declined in our three key markets - Mexico, Japan and South Korea. In addition, broiler exports were also down by 2 percent year over year. On a tonnage basis, US beef exports saw a 6 percent decline year over year in aggregate - a much weaker level than anticipated. Robb pointed out that while beef exports to Mexico and South Korea were up during this period, the overwhelmingly lower exports to Japan contributed to the negative outcome of this report.


Robb remarked that the dynamics of Japan’s new trade agreements with global competitors of the US, those that remained in the Trans-Pacific Partnership, are starting to show a real impact on US market share of the island nation’s business. Whether or not this dip in exports is an anomaly or the start of a longer-term downward trend remains to be seen, but Robb suspects once the US finalizes some trade agreements of its own, things might begin to pick up.


“Hard to tell at this point but our expectations are that we will get some trade agreements settled and some tariff adjustments as we move through the year - these numbers should pick up,” Robb said. “But, the first three months have overall been disappointing in terms of total exports in 2019.”


Listen to Robb’s analysis of the performance of US meat exports during the first quarter of 2019, with Radio Oklahoma Ag Network Farm Director Ron Hays, 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 Robb's analysis of the performance of US meat exports during the first quarter of 2019 below.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Kansas State Explains The Old "Block" and Chain: How Farm Data Will Be Used on the Blockchain  Fri, 19 Jul 2019 17:41:03 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, July 19, 2019  Fri, 19 Jul 2019 16:34:23 CDT
  • Friday Market Wrap-Up with Justin Lewis  Fri, 19 Jul 2019 15:35:43 CDT
  • Michael Hooper Selected as ODAFF Agriculture Investigative Services Chief Agent   Fri, 19 Jul 2019 15:32:41 CDT
  • Afternoon Wrap-up with Dave Lanning  Fri, 19 Jul 2019 13:53:06 CDT
  • Update- R-CALF CEO Bill Bullard Responds to Our Monday Beef Buzz Regarding His Call for Mandatory COOL   Fri, 19 Jul 2019 12:41:54 CDT
  • Animal Activists Target Christian Faith and Church Communities to Advance Their Meatless Agenda  Fri, 19 Jul 2019 09:50:37 CDT
  • Atop the RON Rural Soapbox - Former Secretary John Block  Fri, 19 Jul 2019 08:59:16 CDT

  • More Headlines...

       

    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.