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

advertisements
   
   
   
   
   
   
   

Agricultural News


From the Cattlefax Market Outlook Seminar- International Trade

Fri, 30 Jan 2009 13:58:05 CST

From the Cattlefax Market Outlook Seminar- International Trade There was a bit of optimism in the Beef Trade portion of the Cattlefax Market Outlook Seminar held on Thursday at the Cattle Industry Convention in Denver. Brett Stuart of Cattlefax told cattle producers that Cattlefax beleives we will have a 24% increase in beef exports in 2009 versus 2008- a lot of that attributed to the ability to ship beef to South Korea for twelve full months. Cattlefax expects the actual export totals to come in over two billion pounds in 2009, with South Korea expected to take some 468 million pounds of that in the current calendar year.

The biggest negative in the export arena right now is the fall off in variety meats- and that has hammered the drop credits- dropping them sharply from July 2008.

Stuar points to two key issues for 2009- one that could be a potential negative and the other a potential positive.

The first issue revolves around COOL and the possibility that two of our biggest beef customers, Canada and Mexico, may be alienated by how cattle from those countries are facing substantial discounts.
Exports to NAFTA countries are worth $50 to $60 per head and some or all of that value is at risk because of this new law which remains in flux with the finalized rule being put on hold by the Obama Adminisration.

The second issue centers around what could be if the US was able to convince the Japanese to accept beef from animals that are older than 20 months of age. Brett Stuart told the cattlemen and ladies that if that threshold could be raised to 30 months of age- that would secure another billion dollars of value very quickly for US producers, with the increase likely to be around $4 per hundredweight.

We have Brett Stuart's presentation in full available by clicking on our listen bar below.


   
   

 

Brett Stuart Presents the Outlook for International Trade at the Cattlefax Outlook Seminar in Phoenix
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Thursday Preopening Market Update with Dave Lanning  Thu, 30 Mar 2017 07:19:54 CDT
  • Targeted EQIP Initiatives Now Available- Application Deadline is April 21st  Thu, 30 Mar 2017 06:20:25 CDT
  • Governor Mary Fallin Honors Outstanding Oklahomans for Their Service to the Agriculture Industry  Wed, 29 Mar 2017 18:15:23 CDT
  • Miami's Mushroom Man Virgil Jurgensmeyer Honored by Governor for Outstanding Achievement in Ag  Wed, 29 Mar 2017 17:39:46 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, March 29, 2017  Wed, 29 Mar 2017 16:34:58 CDT
  • Wednesday Market Wrap-Up with Justin Lewis  Wed, 29 Mar 2017 16:31:13 CDT
  • Wednesday Afternoon Market Wrap-Up with Carson Horn  Wed, 29 Mar 2017 16:20:10 CDT
  • Oklahoma Cattlemen's Foundation Set to Distribute Fire Relief Funds Donated to Aid Cattlemen  Wed, 29 Mar 2017 11:11:11 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com


       
       
    © 2008-2017 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI