Beef Buzz News
During Testimony to Senate Ag Committee, Dr. Glynn Tonsor Encouraged Lawmakers Not to Take Action That Could Harm Quality of Cattle Market
Fri, 25 Jun 2021 08:11:37 CDT
During his opening comments before the U.S. Senate Agriculture Committee this week, Dr. Glynn Tonsor, Kansas State University Extension livestock market economist, said it is important not to harm the current high quality beef market.
Ron Hays Beef Buzzes With Dr. Glynn Tonsor
I encourage the industry to proceed forward in a manner that does not deteriorate economic benefits of the industry’s evolution in recent decades to improve beef quality and align effort with beef demand signals.
The KSU economist noted the U.S. beef cattle industry is the envy of the world.
He said the current high quality of beef is the result of the alternative marketing arrangements that have been in place the past several years.
Lawmakers and others want to mandate higher cash cattle trade levels, but Tonsor said that comes with a risk.
I get concerned when we add rigidity to a system and we get in the way of people being entrepreneurs and doing things a little bit differently, Tonsor said. Any kind of government mandate gives me pause, he added.
When the committee asked Tonsor about the possible impact of such mandates on the global market, he said it could hurt the market.
I would be concerned if we erode incentives to have quality enhancement in the industry at one point would the U.S. lose its current comparative advantage in high quality beef, he said.
Eventually I would think you would lose market share in not only the export market but in domestic food service and retail because you’re competing with other proteins. Tonsor said.
In the future, the KSU economist suggested we should rethink the base we use to figure price discovery.
At some point I think the industry will use a different base, he said. We need to be open to other ways to discover value for a commodity in a different way, over time, we need to be open to that, he said.
Click on the LISTEN BAR below to hear more comments from Dr. Glynn Tonsor during his testimony before the Senate Ag Committee this week.
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.
right-click to download mp3
WebReadyTM Powered by WireReady® NSI
Research Shows Grazing Cattle Provide Many Benefits For Both Humans And The Environment Fri, 23 Jul 2021 06:45:44 CDT
Cattle Hides in High Demand- Pushing Drop Credit Values to Best Levels Since 2015 Thu, 22 Jul 2021 14:14:36 CDT
Clues About Tighter Cattle Supplies May Come from Friday USDA Cattle Reports Wed, 21 Jul 2021 10:16:04 CDT
Serious Cow Herd Liquidation Happening in North Dakota Where Drought Blankets the State Tue, 20 Jul 2021 08:49:51 CDT
NCBA President Jerry Bohn Reports Improvement in Negotiated Trade Volume in the Second Quarter of Finished Cattle Sales Mon, 19 Jul 2021 14:43:00 CDT
NBCA’s Mary-Thomas Hart Breaks Down Alphabet Regulations For Cattle Industry to Watch Fri, 16 Jul 2021 13:36:48 CDT
Cattle Producers to Talk Rules and Regulations On Marijuana Production in Oklahoma Thu, 15 Jul 2021 11:50:33 CDT
Upcoming Cattle Industry Policy According to OCA’s Michael Kelsey Wed, 14 Jul 2021 09:39:44 CDT
NCBA’s Ethan Lane On "The Big Issue" of Supply Chain Concerns Tue, 13 Jul 2021 10:02:21 CDT
USMEF Dan Halstrom On The Record-Breaking Month of May for U.S. Beef Mon, 12 Jul 2021 09:57:56 CDT
OSU’s Dr. Amy Hagerman Sees Benefits in the CRP Grasslands Program Fri, 09 Jul 2021 09:38:24 CDT
KSU’S Glynn Tonsor Explains Importance Of Consumers Across the Beef Industry In Senate Agriculture Committee Hearing Thu, 08 Jul 2021 09:25:14 CDT
Dr. Glenn Tonsor Expects Fewer Cattle Being Slaughtered And More Leverage For Feedlots Going Into The Third Quarter Wed, 07 Jul 2021 09:51:46 CDT
NCBA’s Kent Bacus Discusses Product of the USA Label for Beef Tue, 06 Jul 2021 12:32:16 CDT
Strong U.S. Ag Trade Ambassador Important as Global Demand For U.S. Beef Grows, Says NCBA's Kent Bacus Fri, 02 Jul 2021 07:57:44 CDT
Kent Bacus, NCBA, Says Biden Trade Policies Different Than Under Trump Administration Thu, 01 Jul 2021 07:38:21 CDT
NCBA's Danielle Beck Says Eliminating Stepped Up Basis Would Severely Hurt Family Farms Wed, 30 Jun 2021 08:08:59 CDT
OSU's Derrell Peel Expects Better Cattle Market in Second Half of 2021 Tue, 29 Jun 2021 08:15:13 CDT
Latest Cattle On Feed Report Confirms Feedlots are Doing a Good Job of Moving Cattle Through the System Mon, 28 Jun 2021 09:22:21 CDT
During Testimony to Senate Ag Committee, Dr. Glynn Tonsor Encouraged Lawmakers Not to Take Action That Could Harm Quality of Cattle Market Fri, 25 Jun 2021 08:11:41 CDT
Two Producers, Two Points Of View At The Senate Agriculture Committee Hearing On Cattle Prices Thu, 24 Jun 2021 10:38:52 CDT
NCBA's Tanner Beymer Expects Today's Senate Ag Committee Hearing on Cattle Market Transparency to be a Continuation of Ideas From a Recent Meeting in Kansas City Wed, 23 Jun 2021 08:13:05 CDT
Livestock Economist Katelyn McCullock Expects Stronger Feeder Cattle Market Tue, 22 Jun 2021 08:30:32 CDT
OSU's Derrell Peel Believes Feedlots Are Only a Few Weeks Away From Being Current on Fed Cattle Supplies Mon, 21 Jun 2021 07:27:25 CDT
OSU's Dr. Derrell Peel Says Drop in Boxed Beef Prices Not Unexpected Even as Feedlots Get Closer to Being Current Fri, 18 Jun 2021 09:53:49 CDT
Virtual Conference to Focus on Beef Sustainability, June 22-24 Thu, 17 Jun 2021 07:54:53 CDT
Glynn Tonsor’s May Meat Demand Monitor Shows Increases in Meat Demand Wed, 16 Jun 2021 08:45:56 CDT
NCBA's Ethan Lane Says 75 Percent Plan is Working But Much More Work Remains to Get Robust Price Discovery Tue, 15 Jun 2021 07:30:19 CDT
USDA Sec. Vilsack Explains $4 Billion Plan to Strengthen Critical Food Supply Chians Mon, 14 Jun 2021 07:59:18 CDT
NCBA's Ethan Lane Concerned About How Biden Administration Will Pay For All The Spending Packages Fri, 11 Jun 2021 07:46:55 CDT
NCBA's Ethan Lane Said Cattlemen Are Concerned About DOJ Investigation And Re-Listing of Prairie Chicken Thu, 10 Jun 2021 08:25:34 CDT
Cattlemen And Congress Growing Impatient With USDA and DOJ Cattle Market Investigations Wed, 09 Jun 2021 10:05:22 CDT
Dan Halstrom, CEO of U.S. Meat Export Federation, Optimistic About Continued Strong Demand For U.S. Meat Tue, 08 Jun 2021 08:07:07 CDT
Dan Halstrom, U.S. Meat Export Federation, Says There is Strong Global Demand For U.S. Beef Exports Mon, 07 Jun 2021 07:40:18 CDT
OSU's Derrell Peel Expects Cyber Attack on JBS to Have Minimal Market Impact Fri, 04 Jun 2021 07:51:25 CDT