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Beef Buzz News


Boxed Beef Prices Fall As Supply Chain Catches Up With Demand

Wed, 20 May 2020 10:19:50 CDT

Boxed Beef Prices Fall As Supply Chain Catches Up With Demand Boxed beef prices have quickly fallen from their record high of $479 last week and that is no surprise to Dr. Glynn Tonsor, Kansas State University Extension livestock market economist.

The supply story has changed in the last two weeks, Tonsor said. We do have meat, the supply chain concerns are easing, and the demand side has slackened, he added.

The market changes are in-line with Tonsorís study on meat demand.

Tonsor, along with Dr. Jason Lusk at Purdue University (formerly with OSU), are among a select group of economic experts focused on meat demand and the impact of COVID-19.

The special COVID-19 impact report, as part of the meat demand monitor project, funded by beef and pork checkoff funds, shows many consumers started the month of May with full freezers, Tonsor said.

March consumer demand for beef, poultry and pork was very strong, Tonsor said, in comparison to March of 2019.

Export demand growth has also been strong, leading to political concerns, however, Tonsor pointed out much of the exported meat consists of different cuts than we consume here.

Itís not a simple one for one displacement, Tonsor said. The products weíre sending abroad is adding value to livestock producers without taking desirable products away from U.S. consumers.

To learn more about Tonsorís meat demand studies, go to the dedicated website by clicking here

Click on the LISTEN BAR below to hear more comments from Dr. Glynn Tonsor.

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 todayís show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.


   
   
   

Ron Hays Beef Buzzes With Dr. Glynn Tonsor
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Beef News

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  • TCFA's Ross Wilson Says More Robust Price Discovery Does Not Guarantee Higher Prices  Tue, 04 Aug 2020 09:19:31 CDT
  • TCFA's Ross Wilson Believes Voluntary Market Driven Approach To Increasing Live Cattle Trade Can Be Achieved By Year End  Mon, 03 Aug 2020 09:05:23 CDT
  • Cattle Producers Happy To Meet In Person During This Week's NCBA Summer Conference Says NCBA's Colin Woodall  Fri, 31 Jul 2020 09:09:20 CDT
  • Marathon Live Cattle Committee Meeting At NCBA Summer Conference Yields Compromise on Price Discovery Policy  Thu, 30 Jul 2020 09:42:28 CDT
  • United We Steak Beef Promotion Campaign Showing Good Results Says NCBA's Alisa Harrison  Wed, 29 Jul 2020 08:23:24 CDT
  • NCBA President Marty Smith Explains Key Issues Need Face-To-Face Discussion As That Group's Summer Meeting Gets Underway In Denver  Tue, 28 Jul 2020 09:38:24 CDT
  • Cong. Lucas Waiting For All Government Investigations to be Completed Before Saying Anything More About Increasing The Number of Packing Plants  Mon, 27 Jul 2020 09:05:14 CDT
  • Cong. Lucas Says This Week's USDA Report on Boxed Beef And Fed Cattle Price Spread Investigation is The First of Multiple Investigations  Fri, 24 Jul 2020 09:02:20 CDT
  • Uncertainty Surrounds July 24 Cattle on Feed And Cattle Inventory Reports  Fri, 24 Jul 2020 05:22:14 CDT
  • Expanded Genomics Will Have The Most Impact On Cattle Herd Improvements In The Next 20 Years Says Nebraska Rancher Bill Rishel  Wed, 22 Jul 2020 10:52:17 CDT
  • Boxed Beef, Beef Checkoff, CAB, Among The Key Paradigm Shifts That Have Advanced The Beef Industry Says Rancher Bill Rishel  Tue, 21 Jul 2020 08:58:21 CDT
  • Legendary Nebraska Angus Breeder Bill Rishel Uses The Past To Predict the Future  Mon, 20 Jul 2020 09:25:20 CDT
  • NCBA Working With Congress To Get Additonal COVID-19 Relief For Producers, Including Extending April 15 Marketing Deadline Into June  Fri, 17 Jul 2020 12:51:21 CDT
  • NCBA's Colin Woodall Tackles Trio of Issues Including Burger King's Latest Advertising Campaign  Thu, 16 Jul 2020 09:34:23 CDT
  • KSU's Dr. Glynn Tonsor Projects Feedlots To At Least Break Even, Maybe Turn a Small Profit By Early 2021.  Wed, 15 Jul 2020 08:44:30 CDT
  • As Boxed Beef Prices Have Dropped Significantly in Recent Months, Dr. Glynn Tonsor Says The Biggest Concern Now is on The Demand Side.  Tue, 14 Jul 2020 08:27:19 CDT
  • OSU's Derrell Peel Says Beef Demand Is A Complex Equation  Mon, 13 Jul 2020 09:19:22 CDT
  • Improving Efficiency Key To Sustainable Beef Production Says Dr. Clay Mathis, Director of King Ranch Institute For Ranch Management  Fri, 10 Jul 2020 08:52:20 CDT
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  • NCBA's Colin Woodall Expects Good Improvements For Cattle Industry In Coming Months  Tue, 07 Jul 2020 09:14:31 CDT
  • Cong. Lucas Introduces Legislation To Expand Federal Meat Inspection For Smaller Processing Plants  Mon, 06 Jul 2020 09:23:21 CDT
  • OSU's Dr. Derrel Peel says Producers Need to be Prepared for Drought  Thu, 02 Jul 2020 09:26:37 CDT
  • There is Plenty of Beef This Summer Says OSU Extension Livestock Economist Derrell Pell  Wed, 01 Jul 2020 08:28:23 CDT
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  • NCBA's Scott Yager Tells Landowners To Enjoy New Trump WOTUS Rule Which Became Law June 22  Mon, 29 Jun 2020 09:32:21 CDT
  • NCBA's Alisa Harrison Says Beef Industry Has Vast Amount of Resources To Meet Consumers Changing Behaviors  Fri, 26 Jun 2020 09:02:11 CDT
  • Oklahoma Task Force Member John Pfeiffer Says They have Studied The Idea Of Opening New Meat Plants But Logistics Pose Major Challenge  Thu, 25 Jun 2020 15:59:11 CDT
  • Mulhall, Okla. Rancher John Pfeiffer Says Joint Task Force Studying Ways To Expand Meat Processing In Oklahoma  Wed, 24 Jun 2020 10:36:53 CDT
  • There Is Light At The End Of The Profitability Tunnel For Cattle Producers, Says OSU's Derrell Peel  Tue, 23 Jun 2020 10:21:37 CDT

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