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


Agricultural News

LMIC's Jim Robb Says US Beef Exports Finally Catch Up to Speed While Imports are Larger Than Expected

Thu, 11 Jul 2019 10:42:16 CDT

LMIC's Jim Robb Says US Beef Exports Finally Catch Up to Speed While Imports are Larger Than Expected

The latest beef export and import numbers have arrived from the US Department of Agriculture and compiled by the US Meat Export Federation. Jim Robb, senior economist for the Livestock Marketing Information Center, says based on the data exports so far this year are performing as well as anyone could have hope while imports have come in a bit larger than anticipated overall.

“This is kind of a plus and a minus here,” Robb remarked. “Starting with the import side, we were surprised. Year over year the imports from Australia as they continue to have a very severe drought - were up 30 percent. And other countries, Brazil and Uruguay are also selling more to the US.”

In total, US beef imports climbed 6 percent during the month of May. Much more than what was expected to happen this year, Robb says. On the flip side, though, exports have finally caught up to last year’s robust level after trudging through a slow start here in 2019. According to the data, the US had strong gains year over year in Mexico (up 3%), South Korea (up 10%), Vietnam (up 14%) and in other countries (up 6%).

“We really narrowed the gap in the month of May and we were right no a year ago’s level - so no more year to year decline,” he said. “We lagged a little bit into China and Hong Kong and Canada, but to get those exports pulled back to last year’s robust level I think is making good progress. Now, we’ll see how we move forward into the rest of the summer.”

Listen to Robb’s full analysis of the latest export/import data and what other factors are playing into the market currently, by listening to today’s Beef Buzz with Radio Oklahoma Ag Network Farm Director Ron Hays.

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 Robb's full analysis of the latest export/import data and what other market factors are at play.
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Renowed Wheat Breed Erik Von Baer Talks Breeding Practices and Philosophy With OALP Class XIX  Wed, 26 Feb 2020 19:11:50 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, February 26, 2020  Wed, 26 Feb 2020 15:16:49 CST
  • Wednesday, February 26, 2020 Market Wrap-Up with Justin Lewis  Wed, 26 Feb 2020 14:37:42 CST
  • Kim Farber, Drummond, OK, Inducted Into Oklahoma Conservation Hall of Fame  Wed, 26 Feb 2020 14:47:01 CST
  • PenCheck--World-Renowned Expert Touts New African Swine Fever Test on China TV   Wed, 26 Feb 2020 11:51:46 CST
  • Randy Gilbert and Rusty Gosz Named 2020 OYE Show Honorees  Wed, 26 Feb 2020 11:59:42 CST
  • RFA Welcomes Bill Targeting Big Oil's Big Subsidies  Wed, 26 Feb 2020 11:22:24 CST
  • Friday Is the Last Day to Set Appointment with Your FSA Office to Compete in CRP General   Wed, 26 Feb 2020 09:31:46 CST

  • More Headlines...


    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!


    Search OklahomaFarmReport.com

    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.