Agricultural News
Derrell Peel Says Weakening Economy Having Impact on Beef Demand
Wed, 01 Oct 2008 13:12:11 CDT
Our coverage from the Southwest Stocker Conference is a service of our Cattle events sponsor, Hudson Livestock Supplements
Extension Livestock Marketing Specialist Dr. Derrell Peel was the opening speaker at the 2008 Southwest Stocker Conference in Lawton this week. Dr. Peel talked with cattle producers about the financial markets and the impact on agriculture and the cattle industry- he worries about the availability of credit and its cost in the days ahead; he also talked with producers about where the cattle market is here at this point in 2008.
He pointed out the anemic economy is causing middle meats to face soft demand, compared to ground beef and some of the muscle cuts coming out of the chuck and round. Middle meats are being helped some by improving beef exports.
He also pointed to producers the need to really pay attention to the price discounts we are seeing from one weight class to another.
After his presentation, we sat down with him to run the gamut of beef market topics- and we have that interview below for you to listen to you. Click on the Listen Bar and get caught up on some valuable marketing information, even though you may have missed his presentation at the Conference in Lawton.
Ron Hays with Dr. Derrell Peel of OSU
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