Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   

Beef Buzz News


Consumers Keep Buying Beef, but Many Looking for Ways to Keep Cost Per Meal Affordable

Wed, 14 Sep 2022 10:42:24 CDT

Consumers Keep Buying Beef, but Many Looking for Ways to Keep Cost Per Meal Affordable Senior Farm and Ranch Broadcaster, Ron Hays, is visiting with Kansas State University Livestock Market Economist, Dr. Glynn Tonsor talking about beef demand. Tonsor works a lot on the demand equation for the beef and pork industry, and he says the latest numbers he has for the month of August show a challenging picture, but consumers are still trying to figure things out to enjoy beef.

Tonsor said August beef demand was down in retail and up in food service.

“We have two beef categories (retail and food service), so ribeye steak and ground beef, a couple of pork, as well as chicken breasts and some other proteins that we track,” Tonsor said. “Across the board with the exception of plant-based patties, they were just flat for the month compared to July.”

In August, Tonsor the number of consumers that said they bought their protein for at-home consumption from merchandisers at places such as Walmart and Target, and the number that bought it from club stores such as Costco and Sam’s Club, both were up.

“We have been talking a lot about the response to inflation, but I think this in an indication that folks are shifting to where they buy their protein and probably buying a bigger volume when they buy,” Tonsor said. “They may have a more expensive trip, but I think they are finding ways to get the price per pound lower by buying something bigger and then taking it home and cutting it up or doing a bigger roast and getting multiple meals or whatever the case may be.”

The move away from some of the full-priced grocery stores for at least some proteins seems to be happening more and more as consumers are looking into buying in bulk from the wholesale clubs.

“We have been seeing for four or five months now, a growing number of people saying they are making changes and one of those is changing the cut,” Tonsor said. “I am using the example from ribeye to sirloin.”

Tonsor also talked about the food service side of things.

“This is a month-over-month statement, so when we compare August and July food service demand, and even more narrowly- dinner meals from home certainly were up and that was across the board,” Tonsor said.

Tonsor said the percentage that ate away from home in August was up from July, which broke the recent trend.


Click the LISTEN BAR below to listen to Ron Hays and Dr. Glynn Tonsor talking beef demand.

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 today’s 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 Glynn Tonsor on Beef Demand
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Federal Disaster Programs Available to Aid Producers in Forage Loss and Transportation   Fri, 30 Sep 2022 08:53:09 CDT
  • Congressman Frank Lucas Works to Exclude Farmers and Ranchers from SEC Climate Disclosure Rulemaking  Thu, 29 Sep 2022 13:17:29 CDT
  • USDA's Proposed Regulations Under the Packers and Stockyards Act Raises Concerns from NCBA  Wed, 28 Sep 2022 09:25:15 CDT
  • Derrell Peel Believes Strong Incentives Coming for Cattle Producers Once We See Drought's End  Tue, 27 Sep 2022 08:45:14 CDT
  • Derrell Peel Sees Beef Cow Culling to Set All-Time Record by the Fourth Quarter of 2022  Mon, 26 Sep 2022 10:03:22 CDT
  • Integrity Beef Helping Producers Develop Value Added Cattle  Fri, 23 Sep 2022 11:18:28 CDT
  • OCA's Michael Kelsey Likes Pond Cleanout and Drilling Water Wells as Possible Investments of Emergency Drought Funds  Thu, 22 Sep 2022 10:58:02 CDT
  • Iowa Cattleman Tells Lawmakers About Improvements Needed in EQIP and CRP  Wed, 21 Sep 2022 10:21:45 CDT
  • Beef Demand Remains Stronger than Anticipated Despite Stubborn Inflation   Tue, 20 Sep 2022 09:41:19 CDT
  • As Drought Persists, Cow Herd Liquidation Continues   Mon, 19 Sep 2022 10:03:30 CDT
  • Integrity Beef Receives Climate-Smart Ag Grant to Ensure Longevity and Sustainability of the American Ranch  Fri, 16 Sep 2022 09:35:58 CDT
  • Hereford Breed Continues to Provide Value to Cattlemen as Demand Remains Strong  Thu, 15 Sep 2022 09:00:11 CDT
  • Consumers Keep Buying Beef, but Many Looking for Ways to Keep Cost Per Meal Affordable  Wed, 14 Sep 2022 10:42:26 CDT
  • Decades of Work by Beef Industry Yields a Billion Dollars Monthly in Beef Exports   Tue, 13 Sep 2022 09:44:36 CDT
  • Biden Administration Hurries to Finish Their Finalized Rule on WOTUS- Ignoring Supreme Court Arguments in October   Mon, 12 Sep 2022 10:53:15 CDT
  • Mary Thomas Hart says Livestock Regulatory Protection Act is a Top Priority for NCBA  Fri, 09 Sep 2022 08:54:03 CDT
  • Cattlemen's Congress- The Mecca for Domestic and International Cattle Producers  Thu, 08 Sep 2022 09:58:03 CDT
  • PJ Budler Working with Cattlemen's Congress to Make it a Premier Destination for International Cattle Producers  Wed, 07 Sep 2022 09:37:02 CDT
  • As Concerns Over China Rise, They Remain a Top Tier Destination for US Beef  Tue, 06 Sep 2022 10:39:19 CDT
  • ICYMI- OSU's Rosslyn Biggs talks Rural Vet Shortage Across the Country   Mon, 05 Sep 2022 12:37:29 CDT
  • Beef. It's What's for Dinner. Remains a Top-Tier Brand to Consumers   Fri, 02 Sep 2022 08:52:58 CDT
  • USDA Proposal on Electronic ID Tags Only for Animal Disease Traceback   Thu, 01 Sep 2022 10:01:40 CDT
  • NCBA Supportive of Cattle Electronic ID System to Aid in Disease Traceability  Wed, 31 Aug 2022 09:10:48 CDT
  • OSU's Derrell Peel Sees Tighter Cattle Numbers Translating Into Falling Beef Production  Tue, 30 Aug 2022 10:18:19 CDT
  • FSA Administrator, Zach Ducheneaux, Working to Continuously Improve Assistance Programs for Cattle Producers   Mon, 29 Aug 2022 10:04:40 CDT
  • Jaymelynn Farney Provides Insight on Good Forage Options for Cattle Producers in Fall 2022  Fri, 26 Aug 2022 10:20:15 CDT
  • Cover Cropping a Valuable Strategy for Ranchers, says Jaymelynn Farney   Thu, 25 Aug 2022 13:16:08 CDT
  • Hay Supplies are Short and Likely to Get Worse, Says Cattle Marketer Bob Rodenberger   Wed, 24 Aug 2022 08:00:08 CDT
  • Significant Decline in Female Numbers Coming in 2023 says Derrell Peel   Tue, 23 Aug 2022 09:48:22 CDT
  • USDA August Cattle on Feed Report Run-Down with Derrell Peel  Mon, 22 Aug 2022 10:14:46 CDT
  • Upcoming Webinar to Educate Cattle Producers about the Newest Pest Threatening the Industry  Fri, 19 Aug 2022 09:06:31 CDT
  • NCBA's Kent Bacus Says Beef Exports Looking Great in 2022- But There's Still Trade Challenges to Conquer  Thu, 18 Aug 2022 09:16:08 CDT
  • Dr. Glenn Tonsor Sees Red Ink Disappearing Soon in His Latest Feedlot Closeouts  Wed, 17 Aug 2022 09:24:01 CDT
  • Everyone Has a Role in Beef Sustainability, says Debbie Lyons-Blythe   Wed, 17 Aug 2022 05:02:31 CDT
  • OSU's Rosslyn Biggs talks Rural Vet Shortage Across the Country   Mon, 15 Aug 2022 11:14:52 CDT

  •  

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       

       

    Search OklahomaFarmReport.com

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.