A leading beef industry research and analytics service is bullish on cattle in 2021, predicting a tightening supply and strong demand will contribute to a profitable year for ranchers.
Optimism in Beef Industry Fueled by Strong Demand with Higher Prices Anticipated - AG INFORMATION NETWORK OF THE WEST aginfo.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aginfo.net Daily Mail and Mail on Sunday newspapers.
CENTENNIAL, Colo. (March 1, 2021) – Despite pandemic disruptions, consumer demand for beef at home and around the globe remained strong in 2020, a trend that will continue in 2021 and beyond, especially as foodservice operations begin to fully reopen. The strong demand, combined with expected higher cattle prices, signal an optimistic future for the beef industry, according to CattleFax, which presented an outlook session during the virtual 2021 Cattle Industry Convention Winter Reboot on Feb. 24.
According to CattleFax CEO Randy Blach, cattle numbers will continue to contract in 2021, and producers will gain leverage on packers and retailers and margin distribution will be more equitable. Packing capacity is expected to increase slowly with the addition of more small-scale plants, and U.S. meat exports will continue to grow. Overall, profitability is expected to improve significantly for cow/calf producers.
CENTENNIAL, Colo. (March 4, 2021) – Cattlemen and women are the original climate heroes, preserving natural resources for generations, while producing safe, affordable and abundant protein for the world to enjoy. In a presentation during the 2021 Cattle Industry Convention Winter Reboot on Feb. 24, speakers discussed how cattle production contributes positively to society.
Dr. Myriah Johnson, senior director of beef sustainability research for the National Cattlemen’s Beef Association (NCBA), started the session posing a question often seen in media headlines: “How do we feed the planet in 2050?”. Johnson explained the desire that exists to feed people in a way that is sustainable for generations in the future, and how beef plays a critical role in that sustainable food system.
NCBA: Embracing the Positives in Sustainable Cattle Production tsln.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tsln.com Daily Mail and Mail on Sunday newspapers.