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


Will Beef Take a Back Seat to Turkey and Ham this Holiday Season? Maybe Not, Says Glynn Tonsor

Wed, 01 Nov 2017 11:44:35 CDT

Will Beef Take a Back Seat to Turkey and Ham this Holiday Season? Maybe Not, Says Glynn Tonsor


The fact that the price for beef has remained so strong lately in the face of larger supplies rolling through the pipeline, is solid evidence that demand for beef is remaining relatively strong for this particular season, when the product typically takes a back seat to poultry and pork as featured entrees on holiday menus. While this is generally the case this time of year, most in the beef industry start preparing for a slide off in demand over the next 60 days or so. But, with such strong demand currently, people are wondering if demand will slacken at all this year? Extension Livestock Market Economist Dr. Glynn Tonsor says, maybe not - simply because there is actually more beef available this year.


“Now that we have larger beef supplies, compared to say three years ago, beef is actually available to be a featured item as well,” Tonsor said. “That in itself doesn’t mean demand is going up. It depends on how much we’re going to cut prices… but the fact that beef is available to be part of a retailers featuring plan is a nice thing.”


In some sense for years past, Tonsor says retailers had their hands tied when it came to featuring beef in their stores during the end of the year, because supplies were really so limited. But with supplies being up, retailers who choose to, will have plenty of beef available to use as a featured product, which could sustain the current demand levels being observed currently, and most likely at a discounted price - still give retailers the returns they hope to get from featuring the product.


“How that all shakes out over the next three or four months is to be determined of course, but I’m optimistic that the current demand signals for beef is strong,” he said,” and that they will carry us through.”


Listen to Tonsor explain how beef supplies and product availability will factor into sustained demand strength this season, going into the end of the year, with Radio Oklahoma Ag Network Farm Director Ron Hays, on today’s Beef Buzz.


The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is 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.



   




   

Listen to Tonsor explain how beef supplies and product availability will factor into sustained demand
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Range Conditions in the Plains Continue to Improve this Week as Corn, Soybeans Race to Maturity  Mon, 20 Aug 2018 17:12:07 CDT
  • R-CALF Petitioners Submit Comments to USDA with Proposed Option for Properly Labeling USA Beef  Mon, 20 Aug 2018 16:09:01 CDT
  • OSU’s Kim Anderson Suggests US Poised to Recapture Lost Share in the Global Wheat Market  Mon, 20 Aug 2018 15:59:47 CDT
  • Salughter Cows Sell 1.00 to 3.00 Higher, Bulls Mostly Steady to 2.00 Higher on Monday at OKC West  Mon, 20 Aug 2018 15:48:30 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Monday, August 20, 2018  Mon, 20 Aug 2018 14:52:44 CDT
  • Monday Market Wrap-Up with Justin Lewis  Mon, 20 Aug 2018 14:33:52 CDT
  • Monday Afternoon Market Wrap-Up with Carson Horn   Mon, 20 Aug 2018 14:11:22 CDT
  • Four Drought-Stricken Counties in Oklahoma Qualify for USDA Assistance as Primary Disaster Areas  Mon, 20 Aug 2018 11:27:30 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.