US Beef Sector Well-Poised To Increase Exports On The Rebound Of The World Economic Climate

Beef sector

Director of the Livestock Marketing Information Center Jim Robb recently spoke with Radio Oklahoma Farm Director Ron Hays about current trends happening on the stage of international trade.
Robb says he’s been keeping an eye on exports and from what the numbers are telling him, US trade volumes seem to be climbing higher compared to last year.


Robb says that while comparisons to the first part of 2015 were fairly tough, the scales are starting to tip the other way as some international counterparts struggle with their own trade issues.


“We think that’s the perspective,” Robb said. “This is really driven by the world economic environment, which is sort of improving. The US and a couple of other countries are well-positioned to export to countries that want to buy beef.”


Exchange rates, growing incomes and current product pricing are all helping right now, Robb says, even if they don’t stir a shift in demand. If nothing else, we should be able to sell more product overseas at lower prices, according to Robb.


“We’re clearly on track, especially in the beef sector, to have a year-over-year increase that’s pretty significant in the tonnage of beef we’re going to export in 2016 compared to 2015 levels.”


Listen to Jim Robb of the Livestock Marketing Information Center discuss his perceptions of current trends in international beef trade with Farm Director Ron Hays 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.