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


China a Big Win for US Beef Industry - But Derrell Peel Says It'll Take Time Before We See a Payoff

Fri, 16 Jun 2017 12:11:51 CDT

China a Big Win for US Beef Industry - But Derrell Peel Says It'll Take Time Before We See a Payoff


China may be in the spotlight right now, with its government and ours in the US having come to terms on the protocols that will allow our beef products access to their markets. But, currently, the US already has several major export markets already in place. Extension Livestock Market Economist Dr. Derrell Peel spoke recently with Radio Oklahoma Ag Network Farm Director Ron Hays, about how important international trade is for our beef industry.


“The fact is, in the US, we don’t utilize well, all of the products that come from the beef industry,” Peel said. “Some of them have lower demand and yet most beef products are perishable. So, when you have low valued products priced in a way to get them consumed, you’re detracting away from demand that would rather focus on higher valued products.”


On the other side of the world, however, products not suited for our domestic market, may actually be in higher demand and have a higher value in foreign markets. The ability to export these cuts, allows US beef producers to salvage the carcass value elsewhere, that might have been lost if it were sold domestically. This has been the case for the major markets we’re already exporting to, like China and South Korea. But it didn’t happen overnight says Peel.


“There’s a lot of potential in this market overtime. But, I think it will take some time,” Peel insisted referencing China. “That’s a process that will grow over time as you try to build market share.”


Listen to Dr. Peel and Hays discuss the importance of international trade for our beef industry, 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.



   




   

Listen to Dr. Peel and Hays discuss the importance of international trade for our beef industry below
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Friday Market Wrap-Up with Justin Lewis  Fri, 25 May 2018 14:50:28 CDT
  • USDA's April 1 Cattle on Feed Report Congruent with Industry Expectations- LMIC's Jim Robb Reacts  Fri, 25 May 2018 14:44:56 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn  Fri, 25 May 2018 13:54:29 CDT
  • Emily Case of Dewey, Okla. Recognized as a Significant Woman in Agriculture by Oklahoma Ag Dept  Fri, 25 May 2018 09:54:09 CDT
  • OSU Holds Off Participation in OK's Hemp Pilot Program for 2018 Growing Season to Study It Instead  Fri, 25 May 2018 09:40:01 CDT
  • What's Consumers' "Beef" with Beef? Consumer Panel Reveals Concerning Issues of Misinformation  Fri, 25 May 2018 09:35:21 CDT
  • Atop the RON Rural Soapbox - Former Secretary John Block  Fri, 25 May 2018 07:21:43 CDT
  • Friday Preopening Market Update with Dave Lanning  Fri, 25 May 2018 07:20:24 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association Oklahoma City Farm Show

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.