Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
   
   
   
   
   
   
   
   

Agricultural News


Beef Exports Continue to Blaze But will Australia's Duty-Advantage Over the US Snuff Out the Flame?

Mon, 17 Jul 2017 11:13:06 CDT

Beef Exports Continue to Blaze But will Australia's Duty-Advantage Over the US Snuff Out the Flame?


Radio Oklahoma Ag Network Farm Director Ron Hays had the chance to speak with President and CEO of the US Meat Export Federation, Phil Seng, recently, who says so far, this year US beef exports have been on fire.


“The first five months of this year, we performed very well in our traditional markets: Japan, Korea, Taiwan, Mexico and Canada,” he said. “We’re up about 12 percent as far as our volume and about 16 percent as far as our value, internationally.”


Recently, the value of these markets constitutes about $270 a head for fed steers, a fairly significant export dividend for beef producers. Part of this sustained strength in Asian markets is due to the fact that to some degree, their production bases are declining, while their economies continue to thrive. As a result, consumers in these markets have begun demanding higher valued products from the US.


“All the projections are pointing North; they’re going up. We’re very excited about the prospects,” Seng reported, but confessed his fear of rising competition in Japan’s market with Australia, which as a member of the Trans-Pacific Partnership stands to benefit from lowered tariff rates. “(Japan) has traditionally been our most reliable, dependable market and we just can’t allow the competitor to have that kind of a duty-advantage.”


Listen to Hays speak with Seng about the outstanding performance of US beef exports this year, and why it is important to begin addressing the potential threat of increased competition in our traditional international market base, 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 Seng and Hays discuss the performance of US beef exports this year and the outlook ahead
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Virginia Norris Rogers of Pawnee County Named a Significant Woman in Oklahoma Agriculture  Mon, 23 Oct 2017 09:47:35 CDT
  • Monday Preopening Market Update with Dave Lanning  Mon, 23 Oct 2017 07:22:13 CDT
  • Cattle on Feed a Bearish Surprise with Placements Five Percent Above Trade Expectations  Sat, 21 Oct 2017 10:31:54 CDT
  • EPA Admin. Scott Pruitt Changes His Tune in Letter to Senators, Promising to Strengthen the RFS  Fri, 20 Oct 2017 15:59:18 CDT
  • Piper Merritt Hopes to Hang Her Hat Among the National FFA Officers Who Call Oklahoma Home  Fri, 20 Oct 2017 15:48:28 CDT
  • ACC Calls Upon Global Leaders to Take Action Against IARC Over Deliberate Manipulation of Data  Fri, 20 Oct 2017 14:52:16 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, October 20, 2017  Fri, 20 Oct 2017 14:43:08 CDT
  • OK Cattlemen's Association's Michael Kelsey Confronts Out-of-State Challengers to Checkoff Initiative  Fri, 20 Oct 2017 14:36:09 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com


       
       
    © 2008-2017 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI