Agricultural News
The Incremental Value of Beef Exports Helping Keep Cattle Prices Strong
Tue, 21 Jun 2011 05:48:06 CDT
The value of the export market to the US Cattle Market can not be overstated- and that is especially the case over the last two years. In 2010, exports of US beef producers exploded with the help of a relatively weak US dollar and several countries that have really developed a taste for US beef. The momentum of 2010 has continued in 2011, particularly in the Pacific Rim and that makes the value of beef exports very important to keeping cattle prices on a new higher plateau thus far this calendar year.
We discuss how beef exports impact beef demand and how the market factors in these overseas sales of beef back to the individual animal with OSU Extension Livestock Market Economist Dr. Derrell Peel.
Dr. Peel is our guest today on our Beef Buzz report.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network- but is also 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.
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