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Oklahoma's Latest Farm
And Ranch News
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Tuesday, February 18, 2025 | | | | |
Dr. Derrell Peel says Beef Demand Continues Strong in 2025 | |
Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry as part of the weekly series known as the “Cow Calf Corner,” published electronically by Dr. Peel, Mark Johnson, and Paul Beck. Today, Dr. Peel discusses beef demand in 2025.
The all-fresh retail beef price for January was $8.15/lb., up 4.3 percent year over year. All-fresh beef retail prices have averaged 5.2 percent higher month over month for the last year leading to retail all-fresh beef prices for the past twelve months at a record average level of $8.27/lb. Per capita beef consumption in 2024 was unexpectedly higher at 59.7 pounds as a result of constant domestic beef production and larger net imports of beef. The combination of increased beef consumption and higher prices indicates stronger beef demand.
All-fresh retail beef prices continue to increase relative to pork and broiler prices as shown in Figure 1. For the past twelve months, the average ratio of all-fresh beef to broiler retail prices has been 3.31 and for beef to pork prices has been 1.65. Retail broiler prices were unchanged year over year in January while retail pork prices were up 3.3 percent from one year ago.
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Podcasts From Oklahoma Farm Report and More | |
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Two of our regular reports are also podcasts that you can subscribe to- Our daily Farm and Ranch News with KC Sheperd- available here on the Apple Podcast Platform
The second is our daily Beef Buzz with Ron Hays- available here on the Apple Podcast Platform
Periodically- we offer interviews on our Ag Perspectives Podcast series- this podcast is available here.
Ron has also has a series of podcasts from interviews with newsmakers at the Cattlemen's Congress- Click here or you can find them on your favorite Podcast platform- look for them by searching for Cattlemen's Congress Conversations.
We are making plans to jump back into regular installments of what has been called the Road to Rural Prosperity- a new name and fresh content is in the works- for now- click on the blue button below for one of our favorites that is a timeless classic.
The link below is one of our most recent podcasts- Ron spotlighting the Life and Times of Dr. Kim Anderson, who has just retired from OSU.
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Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Farm Bureau, Great Plains Kubota, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma Pork Council, Oklahoma Wheat Commission, Oklahoma AgCredit, the Oklahoma Cattlemens Association, and KIS Futures for their support of our daily Farm News Update.
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God Bless!
Reach Out To Us:
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Tim West
President/General Manager
Rural Oklahoma Networks
405-317-6361
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Mike Henderson
Director of Sales
405-615-4922
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KC Sheperd
Farm Director
Radio Oklahoma Ag Network
405-443-5717
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Ron Hays
Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network
405.473.6144
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