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


Jim Robb of the Livestock Marketing Information Center Breaks Down Latest Beef Trade Numbers

Mon, 17 Dec 2018 13:13:17 CST

Jim Robb of the Livestock Marketing Information Center Breaks Down Latest Beef Trade Numbers


One of the best people to analyze our beef export numbers on a regular basis is Jim Robb of the Livestock Marketing Information Center. He talked recently with Radio Oklahoma Ag Network Farm Director Ron Hays about the latest numbers for October, speaking to both exports and imports.


“These are the official numbers for October, so they are a little bit dated, but they were positive for the beef sector,” Robb said. “In terms of imports of beef, that was down for the month of October year-over-year by nearly five percent and the beef exports on a tonnage basis by nearly five percent.”


Robb reports that in our top three markets, Japan was up just under 11 percent year-over-year. Exports to Mexico were up three percent year-over-year and exports to South Korea were up 17 percent year-over-year. Total, that equals out to an overall five percent year-over-year increase which Robb says is a bit smaller of a gain then we have had recently. However, he insists this clearly shows the industry is on track for record large beef tonnage exports for the year as well as record export value, too. This is in contrast a bit in comparison to pork and chicken which are up five and four percent for the year respectively.


“So, on balance, this is a positive report - especially for the beef sector. That’s definitely encouraging, and the market is holding together very well from the beef demand component, especially at wholesale,” he said,” which has been a pleasant surprise in 2018.”


Listen to Robb and Hays discuss the record setting year the US beef industry has had in 2018, 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.




   




   

Hear Robb and Hays discuss the record setting year the US beef industry has had in 2018, tap below.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo 2019 Recap for March 23rd- the Day After Edition  Sat, 23 Mar 2019 09:58:14 CDT
  • Cierra Collins of Tillman County 4-H- Sells Oklahoma Youth Expo Grand Champion Steer for $85,000  Sat, 23 Mar 2019 09:49:33 CDT
  • Madilyn Norvell of Amber Pocasset 4-H Sells Oklahoma Youth Expo Grand Champion Barrow for $25,000  Sat, 23 Mar 2019 10:27:35 CDT
  • Lydia Straka of Yukon FFA Sells Grand Champion Lamb for $15,000  Sat, 23 Mar 2019 09:07:08 CDT
  • Addyson Schneberger of Carnegie 4-H Sells Grand Champion Goat for $15,000  Sat, 23 Mar 2019 09:15:25 CDT
  • Dairy Producers Previously Enrolled in the Livestock Gross Margin Program Now Eligible for 2018 Margin Protection Program  Fri, 22 Mar 2019 17:35:32 CDT
  • Oklahoma AgCredit is Giving Back a Record $6 Million to Members, Celebrate at Open Houses Next Month  Fri, 22 Mar 2019 17:29:16 CDT
  • Meriruth Cohenour Named Director of Market Development division at ODAFF  Fri, 22 Mar 2019 17:23:36 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.