Dr. Derrell Peel on The Difficulties of Pinning Down Beef Demand CutsThu, 05 Mar 2020 10:18:46 CST
On today’s Beef Buzz, Ron Hays continues his discussion of beef demand with Dr. Derrell Peel, OSU Extension livestock economist. Dr. Peel has explained the difficulties of pinning down the exact definition of beef demand because there are so many different beef cuts developed from a single carcass. It’s a very complex challenge, Peel said.
Today’s discussion dives a little deeper into that complexity by expanding the impact of the international market.
We’re seeing a lot of opportunity for growth internationally, Peel said. We’re seeing specific cuts fabricated for specific markets, adding to the complexity.
Seasonal demand for various beef cuts has also changed. Holiday demand now occurs a month or more earlier due to a branded technology called “suspended fresh” which Peel explains as a state of almost frozen but not completely.
Establishing an exact definition of beef demand is a challenge, Peel said.
“Our ability to understand it is limited because we don’t have all the data, at the wholesale or retail level,” Peel said. This makes it difficult sometimes to spot the underlying factors when beef prices go up or down quickly.
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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