(Washington D.C.) When retail markets climbed last year in the wake of foodservice restrictions, beef took center plate as the protein of choice. Cow-calf producers are answering the call to supply quality product while facing new hurdles.
While the beef industry emerged from the pandemic stronger, more roadblocks are in store for American farmers and ranchers.
According to CattleFax, drought conditions and high corn prices are causing a liquidation of the U.S. beef cow herd. CattleFax Vice President of Industry Affairs Kevin Good explains.
Corn and bean supplies are also tight this year, resulting in higher prices and presenting major headwinds for producers on productions costs. Still, there is a bright story for beef quality. When demand shifted from foodservice to retail last year, beef market share increased by two percent. This compares to a 20-year period where beef gained 6% of the market.
That’s Kevin Good.
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Submitted by Micheal Clements on Wed, 07/21/2021 – 12:06
Source: Other
Audio provided as a service to farm broadcasters by the American Hereford Association
Audio with Kevin Good, VP of Industry Affairs, CattleFax
