Dr. Derrell Peel says China Still Offers Potential For U.S. BeefWed, 11 Mar 2020 10:24:00 CDT
On today’s Beef Buzz, Radio Oklahoma Ag Network Farm Director, Ron Hays talks with Dr. Derrell Peel, OSU Extension livestock economist, about the potential for even a small share of the Chinese market.
As we wait for the Phase One trade deal to fully kick in, Peel said China continues to buy large volumes of lower valued beef cuts from our competitors, including Brazil, Argentina and Australia.
The potential is high, even in small numbers as China has a very large population, Peel said. Two, five, even 10 percent share of that market would be tremendous.
Peel cautions that the moist-heat cooking used by most Chinese favors small portions of pork over beef.
“This is not a market for steaks,” Peel said.
China has just cleared the way for marketing cattle older than 30 months.
Peel said this holds great opportunity for marketing older cull cows with lower valued cuts, including hamburger.
Click on the LISTEN BAR below to hear the complete interview with Dr. Peel as he talks with Ron Hays.
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.
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