Oklahoma's Latest Farm
And Ranch News
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Derrell Peel Gives a Global Beef Market Outlook |
Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry as part of the weekly series known as the “Cow Calf Corner” published electronically by Dr. Peel and Mark Johnson. Today, Dr. Peel gives a global beef market outlook.
The latest Livestock and Poultry: World Markets and Trade report issued by the USDA Foreign Agricultural Service in April provides updates and forecasts of beef, pork, and chicken meat production, consumption, exports, and imports for the major countries in each market.
Global beef production is projected to increase slightly in 2023 with decreased production in the U.S., the largest beef producing country, but continued growth in beef production in Brazil, the number two beef producer as well as number three China. Beef production is projected to be steady to slightly lower in the European Union (E.U.), the number four beef producer, along with India (number five), Argentina (number six) and Canada (number nine). Increases are also forecast for Mexico (number seven) and Australia (number eight).
Total beef consumption is forecast to decrease in the U.S., the largest beef consuming nation. China/Hong Kong is the second largest beef consuming region with continued growth in beef consumption projected in 2023. Brazil and the E.U. are the third and fourth largest beef consuming countries, both expected to have slight growth in beef consumption this year. The top four beef consuming nations are projected to account for 65 percent of global beef consumption. India is the number five beef consuming country, followed by Argentina and Mexico.
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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Ag Network weekdays-
if you missed this morning's Farm News - or you are in an area where you can't hear it- click below for this morning's Farm news from Ron Hays and KC Sheperd on RON.
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Sponsor Spotlight
Oklahoma Farm Bureau works to improve the lives of all Oklahomans by supporting our state’s agriculture community. As Oklahoma’s largest general farm organization led by Oklahoma farmers and ranchers, OKFB takes grassroots values and advocates for agriculture at the state Capitol and in Washington, D.C., to ensure our way of life continues for generations to come. Farm Bureau hosts leadership events, supports our state’s agricultural youth and connects consumers with agriculture in order to build a brighter future for our state. Become an OKFB member today online at okfarmbureau.org/join. Together, we are rural Oklahoma.
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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is a big reason why Oklahoma is on track to become a top 10 state.
The Road to Rural Prosperity dives into these stories, bringing you stories covering rural life, agriculture, energy, healthcare, tourism, and politics affecting rural America.
The Road to Rural Prosperity is here to tell stories about rural America, for rural America.
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Since the legalization of Medical Marijuana in Oklahoma with State Question 788- criminals have flocked to the state to set up illegal grow houses because of cheap permits, cheap land and lax rules allowing them to get into the business of growing marijuana in Oklahoma- supposedly for the in state Medical Marijuana market.
Ron Hays talks with Oklahoma Bureau of Narcotics spokesman Mark Woodward about how these enterprises have invaded Oklahoma- the magnitude of the current problem and how the state is pushing back on thousands of bad people who have set up shop in the state- with the hope to reduce the number of these operations dramatically in the days to come. It's a huge problem all across rural Oklahoma but Woodward believes progress is being made to reign in these illegal marijuana farms.
Search for Road to Rural Prosperity and subscribe on your favorite Podcast platform.
To hear this podcast, you can click here or tap below:
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God Bless!
Reach Out To Us:
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Tim West
President/General Manager
Rural Oklahoma Networks
405-317-6361
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Mike Henderson
Director of Sales
405-615-4922
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KC Sheperd
Farm Director
Radio Oklahoma Ag Network
405-443-5717
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Ron Hays
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Radio Oklahoma Ag Network
405.473.6144
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