Tuesday, September 13th 2016
Courtesy of Brownfield Ag News
A livestock marketing specialist calls international trade a buffer as the U.S. cattle herd expands. Oklahoma State University’s Derrell Peel says while beef import and export volume comprise just 10 percent of total market-share, it plays a critical role. He tells Brownfield the U.S. cattle industry is in the midst of a transition with increasing supplies and falling prices. Peel says he believes the U.S. is still relatively early in transitioning to larger supplies, and beef exports should improve while imports continue to moderate. The USDA reports beef exports are up three percent year over year and imports are down 12 percent.