Agricultural News
United States Becomes World's Top Beef Supplier as International Buying Interest Continues to Rise
Thu, 25 May 2017 10:53:24 CDT
The United States has worked over the years to rebuild its share of the global beef market ever since exports dried up after the "cow that stole Christmas" incident, where a case of BSE was discovered in Washington state in 2003. By 2013, the US had recovered its losses and has since grown even more. Radio Oklahoma Ag Network Farm Director Ron Hays spoke with Phil Seng of the US Meat Export Federation recently, and according to him, this year is shaping up to be a very productive year for the beef industry.
"So far through the beginning of this year, the United States has become the number one beef supplier to the world," he said. "We've eclipsed our competitors in this regard. With increased production, I think that the export portion of the whole beef complex is pulling its weight and that's quite a milestone."
Seng attributes much of this growth in export demand to a few international customers where buying interest has shown signs of strength lately, including Japan, up as much as 41% and Korea, up by 23%, as well as our NAFTA partners Canada and Mexico, up by 14% and 17%.
"As we go around the globe, obviously, to see that kind of growth of up to 15% increase in beef exports and 19% in value," Seng said, "I think that's quite significant."
Listen to Seng report on the recent momentum developing in the international markets for US beef with Farm Director Ron Hays, on today's Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is 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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