Agricultural News
Consumer Spending Uptick is Key to Beef Demand in 2010
Mon, 04 Jan 2010 11:29:48 CST
Improving beef demand is critical to seeing better cattle prices, from the slaughter cattle market back up the chain to the calf markets. So says Dr. Derrell Peel, OSU Livestock Market Economist, who adds that economic recovery will drive better beef demand.
However, any economic recovery will need to include a uptick in consumer spending in order to see beef demand improve. On today's Beef Buzz, we feature Dr. Peel's thoughts on beef demand and how it interacts with consumer spending and the push to get the general US economy back on track.
Of course, the domestic market is key to improving cattle prices- but moving larger amounts of US beef into the international market will have a positive impact on those prices in our live markets.
The Beef Buzz is a regular feature heard on radio stations around the state on the Radio Oklahoma Network- but is also 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.
You can also check out our Monday Beef Buzz with Dr. Peel on the 2010 cash cattle market outlook- click here for that Beef Buzz with OSU's Derrell Peel
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