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


U.S. Beef Exports Recover After Rough Start in 2015

Tue, 21 Jul 2015 16:52:41 CDT

U.S. Beef Exports Recover After Rough Start in 2015


U.S. meat exports have had their challenges in 2015, but beef has continued to hold strong. U.S. Meat Export Federation President and CEO Phil Seng was interviewed by Ken Rahjes of AgView.net at the Summer Cattle Industry Convention last week in Denver. Seng said the value of beef exports are higher than last year's strong performance.


"We're up about two percent as far as our value and that's building on a $7 - billion dollar market last year as far as exports," Seng said. "I think we're looking right at about $300 a head as far as the export dividend to the producer."


The return to beef producers could go higher with movement on the Trans Pacific Partnership (TPP), a trade agreement between the U.S. and eleven other countries. The Obama Administration has recently participated in TPP negotiations after being given Trade Promotion Authority recently by Congress. Seng said in 2015 the U.S. has had good sales to Asian Pacific Rim. He said Korea has had some challenges with Middle East Respiratory Syndrome (MERS) which has caused fatalities and concerns over the outbreak, which has hurt the food service industry in Korea. Seng said exports have been strong in Japan with sales are above last year's levels for the first five months of the year in terms of volume and value.


In looking back at the first half of the year, exports started off rough in getting product out of the United States. Seng said the West Coast Labor dispute disrupted product flow, so customers were sourcing meat products from other destinations, as a result beef exports from Australia are significantly higher this year. With passage of the Japan-Australia Economic Partnership Agreement, Seng said Australia has about a ten percent duty advantage over the U.S. That is being compounded by the Australian dollar depreciating while the U.S. dollar has appreciated in value.


In this highly competitive global market, the U.S. can't stand still. Seng said it will require a combination of trade promotion efforts as well as negotiating trade agreements, such as TPP.


U.S. Meat Export Federation President and CEO Phil Seng was featured on the Beef Buzz feature. Click or tap on the LISTEN BAR below to listen to today's Beef Buzz.


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.




   

U.S. Meat Export Federation President and CEO Phil Seng was interviewed by Ken Rahjes of AgView
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.