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
   
   
   
   
   

Agricultural News


Fallout from the Drought Will Make Re-Introduction of LFTB to the Marketplace Necessary, Analyst Says

Fri, 03 Aug 2012 17:21:45 CDT

Fallout from the Drought Will Make Re-Introduction of LFTB to the Marketplace Necessary, Analyst Says



As feed-grain and beef supplies tighten and increase in price, Don Close, vice-president of Rabobank's Food and Agribusiness Research and Advisory group, predicts that the portion of the U.S. beef supply that consisted of Lean Finely Textured Beef (LFTB) will return to grocers' meat cases. Close authored a recent study which says beef supplies will be so tight that we simply will not have the luxury of wasting such a valuable source of protein.

"The bottom line is we've got a product that's absolutely wholesome. We've got a product with an impeccable food-safety history. And we've got a product that reduces the cost of lean beef blends in the grocery store. So, if you've got those three things in favor of the product, they're certainly overall supportive.

"The real driver that we saw is that as we see the total of beef supplies contract over the next 18 months to two years, and certainly with the added pressure we're now seeing with feed-grain prices where they are, and the likelihood of contraction in all edible protein, we're looking at increasing prices down the road that we simply don't he luxury to waste two percent of our overall beef supply."

Close says as meat prices climb, it is just a matter of time before LFTB returns to the market. He said given the media disinformation campaign which led to LFTB's fall from grace early this year, its producers have some work to do before the product will be introduced. He says producers are re-evaluating their production methods and will need to mount advertising campaigns before LFTB is returned to the marketplace.


You'll find a related story about Don Close's analysis of LFTB and its place in the market by clicking here.


Click on the LISTEN BAR below for the latest Beef Buzz.


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. You can check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.




   

   

Don Close of Rabobank says LFTB will make a comeback.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    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

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.