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Beef Buzz News


Cattle Industry Has Made a Remarkable Adjustment To Pandemic, Says Randy Blach, CattleFax CEO

Thu, 17 Sep 2020 08:28:38 CDT

Cattle Industry Has Made a Remarkable Adjustment To Pandemic, Says Randy Blach, CattleFax CEO The cattle industry has made a remarkable adjustment to the COVID-19 pandemic says Randy Blach, CEO of CattleFax, a global leader in beef industry research, analysis and information.

Blach was a featured speaker for the 2020 Virtual Cattle Raisers Convention online this week. The virtual conference replaced the Texas Southwestern Cattle Raisers Convention cancelled in March.

Iíve never seen anything like this, Blach said, as he recounted the past six months of this historic event.

First of all, as we think about this COVID-19 environment, over half of our beef consumption took place at food service, Blach said.

When that was cut off our entire system had to work fast to move product back to retail, he said.

There was some tremendous volatility and our industry has done a great job, Blach said.

The market hates uncertainty and we got a double dose this year when the spring movement of cattle was at its peak.

The market priced in the worse demand in over 50 years because we didnít know how long the government was going to keep businesses locked down, he said.

The other thing is remembering the markets from February through May, we placed a million fewer head of cattle on feed, noted Blach.

We under harvested (cattle) capabilities by a million head, Blach said.

That backlog of cattle is gradually getting worked down and hopefully by sometime in October we will have caught up.

Click on the LISTEN BAR below to hear more comments from Randy Blach.

The Beef buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for todayís show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.


   
   

Ron Hays Beef Buzzes With Randy Blach
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Beef News

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  • Cattle Markets and Consumers Have Adjusted to COVID-19 Impacts, Says USDA's Greg Ibach  Thu, 15 Oct 2020 08:22:07 CDT
  • OSU's Derrell Peel Explains Why Feeder and Stocker Cattle Prices Have Been Under Pressure in Recent Days  Wed, 14 Oct 2020 08:44:23 CDT
  • Latest Monthly Consumer Beef Demand Survey Shows Some Concern Going Into Winter, Says K-State's Dr. Glynn Tonsor  Tue, 13 Oct 2020 09:21:17 CDT
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  • CAB's Sara Scott is Helping Consumers Understand How High Quality Beef is Produced  Fri, 09 Oct 2020 08:57:19 CDT
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  • CattleFax CEO Randy Blach Says Increasing Slaughter Capacity is The Best Way to Maximize Price for Premium Cattle  Tue, 06 Oct 2020 08:14:07 CDT
  • Bovine Facial Identification Using a Cell Phone Ap Will Soon Be Available Says KSU Animal Scientist KC Olson   Mon, 05 Oct 2020 08:45:05 CDT
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  • Latest Cattle On Feed Report Indicates Market Might Be Headed Towards "Normal," Says OSU's Dr. Peel  Mon, 28 Sep 2020 08:51:58 CDT
  • CattleFax Leader Predicts Higher Calf Prices In Coming Months  Fri, 25 Sep 2020 08:04:07 CDT
  • OSU's Dr. Derrell Peel Says Livestock Markets Have Recovered From The Pandemic As Producers Now Hope For Good Winter Wheat Pasture  Thu, 24 Sep 2020 08:22:07 CDT
  • Ultra-High Frequency Technology Allows For Fast, Easy Cattle Traceability, Says Callahan Grund With U.S. CattleTrace  Wed, 23 Sep 2020 08:46:07 CDT
  • U.S. CattleTrace Is a New Organization Focused On Beef Cattle Traceability  Tue, 22 Sep 2020 09:03:14 CDT
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  • Meat Packing Industry Needs To Add About 6,000 Head To Daily Capacity, Says Dustin Aherin, Rabo AgriFinance  Thu, 03 Sep 2020 08:42:00 CDT

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