Farms.com Home   Ag Industry News

Nebraska beef exports reaches milestone

First 11 months of 2014 set a new record for Nebraska beef

By Diego Flammini, Farms.com

As one of the top beef producing states in the United States, Nebraska is accustomed to exporting vast amounts, but 2014 was a little extra special.

Between January and November of 2014, Nebraska exported their most beef to date – surpassing $1 billion.

“Nebraska farmers, ranchers, feedlot operators and processors work hard to produce high-quality beef products that are recognized around the world,” said Nebraska Department of Agriculture Director Greg Ibach in a press release. “That hard work has been rewarded, as we are seeing significant growth in East Asian markets and also in several emerging markets. We are optimistic for a continued upward trend in 2015.”

Nebraska Governor Pere Ricketts sees the record beef export as a starting-off point for the success of agriculture as a whole in the state.

“Export activity like what we are seeing in the beef sector is exactly what we need to keep our Nebraska economy moving in the right direction,” he said in the release. “I am excited to further our state’s export efforts for all Nebraska agricultural goods.”

The National Cattlemen’s Beef Association states more than 50% of the USA’s cattle and calf sales come from Texas, Nebraska, Kansas, California and Oklahoma, with Texas being the top producer.


Trending Video

Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!