Agricultural News
Cattlefax Believes Pink Slime Cost to Beef Industry- $15 to $20 Per Head in Lost Value
Mon, 02 Apr 2012 16:11:14 CDT
There is a significant cost to the cattle industry that has come from the controversy over Lean Fine Textured beef- or as the media has portrayed it- Pink Slime. Kevin Good with CattleFax says that his organization estimates that the loss to the value of a slaughter animal is between $15 and $20 per head. He adds that if this source of lean beef is not utilized in the domestic pipeline- that there will be a higher cost of ground beef that consumers will have to pay- and that the lean product to mix with beef trimmings that are 50% beef and 505 fat will have to come from imported sources- or by competing with the new value cuts developed by the industry and grinding more of the chuck and round into lean ground beef.
We talked over this past weekend at the 135th Annual meeting of the Texas and Southwest Cattle Raisers Convention with Kevin Good of Cattlefax- and Kevin is our guest on this latest marketing challenge on our Tuesday Beef Buzz.
In addition, OSU Extension Livestock Market Economist Dr. Derrell Peel has insight on the cost to the beef industry and to consumers that this disruption is causing and will be causing more of in the future if consumers don't look at the science and get past the distasteful name that the general media is promoting to them. Click here for Dr. Peel's analysis from this week's Cow Country News.
You might also want to backtrack to the Monday Beef Buzz which featured Bill Rupp of JBS who spoke out on the scary situation that the beef industry is facing with consumer fears stampeding opinion on LFTB. Click here for that Monday Beef Buzz with Bill Rupp of JBS.
The Beef Buzz is a regular feature heard on radio stations around the region 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.
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