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Dr. Derrell Peel Talks Global Beef Update: Imports
Mondays, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the "Cow Calf Corner" published electronically by Dr. Peel and Mark Johnson. Today, Dr. Peel talks about imports with a global beef update.

The recent USDA Foreign Agricultural Service bulletin on Livestock and Poultry: World Markets and Trade provides a current summary of the major beef consuming and importing countries in the world. Total global beef consumption is forecast to increase slightly in 2022 with increased consumption in China, Brazil, India, Mexico and Japan and decreased total beef consumption in the U.S., European Union (E.U.), Russia, the United Kingdom (U.K.), and Canada. Total global beef imports are forecast to increase, representing about 17.5 percent of global beef consumption. Beef imports are forecast to increase for the largest importers: China/Hong Kong (HK), U.S., Japan and South Korea along with the E.U. Decreased beef imports are forecast for Chile and the U.K.

The U.S. is the second-largest beef importing country. China/HK exceeded the U.S. as the largest beef importer in 2017 and is expected to import 2.24 times more than the U.S. in 2022. Prior to 2017, the U.S. was typically the largest beef importing country except for the years 2010-2012 when Russia was a slightly larger beef importer than the U.S. The U.S. is the largest beef producing and consuming country.

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The vision of the Oklahoma Beef Council is to be a positive difference for Oklahoma's farming and ranching families and the greater beef community, and its mission is to enhance beef demand by strengthening consumer trust and exceeding consumer expectations. 

To learn more, visit www.oklabeef.org. Also, don't forget to like its Facebook page at www.facebook.com/oklabeef for stories on Oklahoma's ranching families and great beef recipes. 

And Check out this video below that helps you learn more about the Beef Checkoff- .

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Governor Kevin Stitt presented Schieber his award during the Oklahoma celebration of Ag Day on March 24th- after riding with the honoree in a mule drawn wagon up Lincoln Blvd to the front steps of the Oklahoma State Capitol.
 
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