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


Eighth Straight Record for Certified Angus Beef

Tue, 11 Nov 2014 16:21:47 CST

Eighth Straight Record for Certified Angus Beef
Certified Angus Beef has sold 882 million pounds of beef this past year. This becomes the branded beef program's eighth consecutive sales record for the CAB brand, which ended its fiscal year September 30th. CAB President John Stika gives credit to the brand's 17 thousand licensees who work to process, prepare and market the beef in 47 countries.


"What's impressive about the 8 year run and record annual sales every year is the fact it goes against what many would have been the case and honestly solidified the fact that consumers don't buy on price alone," Stika said. "They buy on the price-value relationship and thus far consumers have continued to communicate to us we aren't at the point yet where price exceeds value."


During that same period there was 400 - thousand head decline in the number of Angus influenced cattle available at the brand's 30 licensed packing plants across North America.


"Supply is clearly a big concern for our entire licensee base, it's one of the most popular questions we get," Stika said. "Is there going to be enough product for me to continue to grow my business? So we have been talking about supply for a long time already."


Harvest numbers are at the lowest level that Stika has seen in his 16 years with the company. Yet CAB has been able increase the volume of CAB certified carcasses to supply the brand.


"We grew it by more than 1.7 percent," Stika said. "That was the result of having a record high acceptance rate. Our acceptance rate this past year exceeded 25 percent. Ultimately topping out at an average of 25.7 percent. That's absolutely phenomenal."


That proves producers are responding to market signals, Stika said. Packers pay 50 million dollars each year for CAB acceptance, not counting other rewards for choice and prime. For more than decade, moving past the world market disruptions of late 2003, CAB sales have been on an increasing plane.


"Ever since that time, this brand has been on a path of not just a path of recovery in sales," Stika said. "But a path of really charging a new course with how far this brand can go to reach to consumers worldwide but also take that reach, take that brand equity and drive added value back into rural America in Angus farmers and ranchers."


Click or tap on the video below to watch the latest video news release from the Certified Angus Beef® brand



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • District Court Affirms State Beef Councils Are a Legal Part of the Beef Checkoff- Dismisses Litigation Brought by R-Calf USA  Fri, 27 Mar 2020 22:44:36 CDT
  • Friday, March 27, 2020 Market Wrap-Up with Justin Lewis  Fri, 27 Mar 2020 15:18:59 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, March 27, 2020  Fri, 27 Mar 2020 15:15:49 CDT
  • Agriculture Retailers Association Commends Congress on CARES Act Passage  Fri, 27 Mar 2020 13:57:47 CDT
  • Lucas Applauds House Passage of Support For America’s Families, Workers, and Businesses  Fri, 27 Mar 2020 13:54:47 CDT
  • State Department Clears the Way for Agriculture Workforce   Fri, 27 Mar 2020 11:18:24 CDT
  • USDA Rural Development Launches COVID-19 Resource Webpage  Fri, 27 Mar 2020 11:16:46 CDT
  • Farm Bureau Continues Tradition of Giving Back to Hungry Americans  Fri, 27 Mar 2020 11:12:25 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.