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 Ag Exports Well-Positioned in 2014, Tonsor Says

Wed, 18 Jun 2014 16:02:11 CDT

US Ag Exports Well-Positioned in 2014, Tonsor Says






Red meat exports are off to an exceptional start in 2014. K-State Livestock Market Economist Glynn Tonsor says the US Department of Agriculture has a released a report
from the Economic Research Service showing exports are strong for many US agricultural goods, not just red meat.


"The entire US agricultural commodity bucket, which is much broader than beef, is estimated to be up in value a full 31 percent for fiscal year 2014," Tonsor said.


"That's a huge increase in the value and its driven by some commodities with many more pounds, some commodities like beef a little bit change in the pounds and a notable change in value, couple that across the entire basket and that's very good for US ag, we are bringing more dollars home, if you like ," Tonsor said.


In looking at the rest of 2014, Tonsor remains bullish on US ag exports.


"I would see no reason, I give the disclaimer- - macro economic political stuff can create hiccups, but short of that I am very bullish on those export strength components maintaining strength throughout 2014 consistent with those ERS projections and its it important to recognize that shows up in the historically high fed cattle prices we're noting," he said.


Many countries are starting to see more disposable income available to their citizens and those citizens want to move up the food chain. They crave meat and they are willing to pay the extra dollars to celebrate a US meat like pork or beef product. Tonsor says that is the core reason for his optimism along with a growing world population.


"Incomes are expected to grow faster than what they have been in many countries, even through the first quarter of 2014 was a little slower, the rest of 2014 is expected to be a lot faster around the globe," Tonsor said.


Coupling those two nearly within 2014 I expect there to be more bidding over a fairly limited number of protein pounds around the world currently and this country has an advantage in producing a grain finished beef in this story is well-positioned to benefit from that.


Some of those pounds will leave the US and it will create upward pressure on retail prices domestically, so this will be a ongoing story. Strong domestic and international demand for US beef will be a good thing for producers.


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.


   


   

Ron Hays Beef Buzzes with Glynn Tonsor
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Friday, April 3, 2020 Market Wrap-Up with Justin Lewis  Fri, 03 Apr 2020 15:39:59 CDT
  • Global Changes Could Impact U.S. Farmers' Spring Planting Intentions Says USDA Chief Economist Rob Johansson  Fri, 03 Apr 2020 14:30:08 CDT
  • Despite Global Challenges, U.S. Pork and Beef Exports on Record Pace through February  Fri, 03 Apr 2020 14:07:52 CDT
  • USDA Adds Additional Flexibilities for Crop Insurance to Support America’s Farmers and Ranchers  Fri, 03 Apr 2020 13:18:47 CDT
  • Coronavirus Impact Ripples Across Farm Country  Fri, 03 Apr 2020 14:15:59 CDT
  • *Deadline Extended* OKFB Accepting Applications for $1,000 Scholarships  Fri, 03 Apr 2020 11:39:47 CDT
  • National Sorghum Producers to Open Board Director Applications  Fri, 03 Apr 2020 10:17:47 CDT
  • USDA Announces Second Application Window for Distance Learning and Telemedicine Grant Program Funding  Fri, 03 Apr 2020 10:15:47 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.