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Optimism in Beef Industry Fueled by Strong Demand with Higher Prices Anticipated - AG INFORMATION NETWORK OF THE WEST


Optimism in Beef Industry Fueled by Strong Demand with Higher Prices Anticipated
Wednesday Mar 3rd, 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 ....

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Demand, anticipated higher prices fuel beef industry optimism


Mar 02, 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.
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. ....

United States , New Zealand , South Korea , North Dakota , Randy Blach , Mike Murphy , Creighton University , Cattle Industry Convention Winter Reboot , Industry Convention Winter , Bart Douglas , Ohio Valley , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜீலாந்து , தெற்கு கொரியா , வடக்கு டகோட்டா , ரேண்டி ப்ளாக் , மைக் மர்பி , கிரெய்டன் பல்கலைக்கழகம் , கால்நடைகள் தொழில் மாநாடு குளிர்காலம் ரிபூவாய்ட் , தொழில் மாநாடு குளிர்காலம் , கலை டக்ளஸ் , ஓஹியோ பள்ளத்தாக்கு ,