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2017 U.S. Beef Exports Never Better ...

Posted: Sat Feb 10, 2018 1:01 pm
by Big Muddy rancher
...
U.S. Meat Export Federation CEO Dan Halstrom says beef exports have never been better than they were in 2017.

“Right now it’s looking like on the U.S. beef exports we’re looking at a record, right around $7.3 billion in sales,” Halstrom told Brownfield Ag News at the 2018 National Beef Industry Convention in Phoenix. “On the pork side, while not a value record, more than likely a volume record, so we’re excited about that.”

Halstrom says improving exports are linked to foreign countries’ greater disposable income.

“The economies are growing a lot like ours,” said Halstrom. “We’re starting to see more and more spending power out there and it’s starting to show up in our demand numbers.”

2018 is shaping up to be another good year, according to Halstrom, except for his concern about renegotiations of the North American Free Trade Agreement, which in its current form, has been good for meat exports.

“Mexico and Canada; it’s about 30 percent of our beef exports are credited to NAFTA,” he said. “On pork, we’re closer to 40 percent.”
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Oldtimer would never believe this. :roll:

Re: 2017 U.S. Beef Exports Never Better ...

Posted: Sat Feb 10, 2018 4:31 pm
by Faster horses
Big Muddy rancher wrote:...
U.S. Meat Export Federation CEO Dan Halstrom says beef exports have never been better than they were in 2017.

“Right now it’s looking like on the U.S. beef exports we’re looking at a record, right around $7.3 billion in sales,” Halstrom told Brownfield Ag News at the 2018 National Beef Industry Convention in Phoenix. “On the pork side, while not a value record, more than likely a volume record, so we’re excited about that.”

Halstrom says improving exports are linked to foreign countries’ greater disposable income.

“The economies are growing a lot like ours,” said Halstrom. “We’re starting to see more and more spending power out there and it’s starting to show up in our demand numbers.”

2018 is shaping up to be another good year, according to Halstrom, except for his concern about renegotiations of the North American Free Trade Agreement, which in its current form, has been good for meat exports.

“Mexico and Canada; it’s about 30 percent of our beef exports are credited to NAFTA,” he said. “On pork, we’re closer to 40 percent.”
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Oldtimer would never believe this. :roll:


You can say that again. :D

It's good news. I wonder if R-calf will publicize it?

Re: 2017 U.S. Beef Exports Never Better ...

Posted: Sun Feb 11, 2018 6:39 am
by Angus 62
Why then was there a nearly 2 billion dollar trade DEFICIT (for beef and live cattle) with Mexico and Canada in 2017. Why are cull cows in the 50 cent range? It is dry over a huge area of the country, when cows start coming to town because there is nothing to eat and nowhere to go what will they be, 20 cents? Why is beef that can come from anywhere allowed to be repackaged and labeled "PRODUCT OF USA"?

Re: 2017 U.S. Beef Exports Never Better ...

Posted: Sun Feb 11, 2018 4:23 pm
by 4Diamond
Cull cows are in the 50's because of all the dairy cows being slaughtered. That market is saturated currently.

I do agree with your comment on the beef being called Product of USA.

Re: 2017 U.S. Beef Exports Never Better ...

Posted: Sun Feb 11, 2018 6:42 pm
by Big Muddy rancher
I took last weeks feeder cattle import summary from Mexico last week,18,500hd I times it by 50 weeks and come up with 925,000 divide that by the daily kill in the USA 600,000 hd you have a whole day and a half worth of kill. does that wreck the US market?
Do ranchers in the US make any money growing and feeding those cattle?

Re: 2017 U.S. Beef Exports Never Better ...

Posted: Sun Feb 11, 2018 9:35 pm
by WB
Daily US cattle slaughter is around 120,000 I believe.

Re: 2017 U.S. Beef Exports Never Better ...

Posted: Sun Feb 11, 2018 11:12 pm
by Big Muddy rancher
WB wrote:Daily US cattle slaughter is around 120,000 I believe.


You are correct it's about 600,000 a week. Still the Mexico imports are a small percentage of the kill,
Canadian imports even smaller.

Re: 2017 U.S. Beef Exports Never Better ...

Posted: Mon Feb 12, 2018 9:20 am
by Angus 62
Still a nearly 2 billion dollar deficit. Like saying I made a million dollars last year, and it only took two million to make it. The huge deficit with Mexico is junk feeder cattle much of what directly competes with slaughter cows. The loss in equity is staggering because no matter how much you think your cows are worth, what they are really worth is what they will sell for by the pound.

Re: 2017 U.S. Beef Exports Never Better ...

Posted: Mon Feb 12, 2018 10:09 am
by Silver
Producers may find that if they went to breeds with higher lean meat yields that the need to import lean cattle to mix all the trimmings with would decline. As it is, those lean imports actually add value to domestic production.

Re: 2017 U.S. Beef Exports Never Better ...

Posted: Fri Feb 16, 2018 7:05 pm
by redrobin
Silver wrote:Producers may find that if they went to breeds with higher lean meat yields that the need to import lean cattle to mix all the trimmings with would decline. As it is, those lean imports actually add value to domestic production.

Too much logic.

Re: 2017 U.S. Beef Exports Never Better ...

Posted: Sat Feb 17, 2018 11:23 am
by Mike
Silver wrote:Producers may find that if they went to breeds with higher lean meat yields that the need to import lean cattle to mix all the trimmings with would decline. As it is, those lean imports actually add value to domestic production.


If that were entirely correct, wouldn't there be a higher premium paid for leaner cattle, and an offset charged (even more deductions)for poor yielding carcasses?

We already know that it takes twice the $dollars$ to put on a pound of fat vs. lean muscle.

The cattle/beef grading system seems skewed................it's like they're not allowing the market to drive prices..

Re: 2017 U.S. Beef Exports Never Better ...

Posted: Sun Feb 18, 2018 5:39 am
by redrobin
What study or knowledge do you refer to that says it takes twice as many dollars for a pound of fat. I'm interested.