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
   
   
   
   
   

Beef Buzz News


CARES Act Stimulus Payments Could Be Helping Increase Beef Demand Says KSU's Dr. Glynn Tonsor

Mon, 14 Sep 2020 08:11:48 CDT

CARES Act Stimulus Payments Could Be Helping Increase Beef Demand Says KSU's Dr. Glynn Tonsor Coronavirus stimulus payments could be helping boost beef demand says Dr. Glynn Tonsor, K-State livestock market economist.

Dr. Tonsor studies meat demand with regular monthly consumer surveys. Half of the surveys focus on retail and half on food service.

Tonsor said his August study showed demand for six of the eight beef cuts with mixed results as demand of only four of the eight cuts were up.

Demand for ribeye steaks were down in the food service sector while ground beef was up in the retail, Tonsor said.

Interestingly, in the August survey Tonsor asked consumers if they have received a CARES Act payment and 85 percent said yes.

Many of the respondents said it did not impact their food and meat spending, but 23 percent said it did increase their meat consumption.

We’re a population of 33 million people so 23 percent is still a lot of people, Tonsor said.

In my opinion that stimulus payment had a direct affect on beef demand, Tonsor said.

The K-State economist said it sets the stage for more debates of continued stimulus payments.

Shifting from domestic to international demand, Tonsor said globally, demand for U.S. beef is going in the right direction.

The export story in the spring months was we had logistical challenges in processing animals, Tonsor said.

We remain a major supplier of beef for the global market and I am optimistic going forward, Tonsor said.

We have to sustain that, so there is a word of political warning embedded in that comment, Tonsor said.

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 today’s 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
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Anti-Animal Ag Groups Ramp Up Attacks During Pandemic  Fri, 04 Dec 2020 08:40:31 CST
  • Adding Value To Cattle Pays Off at The Market Says Danny Jones, Superior Livestock  Thu, 03 Dec 2020 08:41:06 CST
  • Tale of Two Different Feeder Cattle Markets This Fall Says Dr. Derrell Peel  Wed, 02 Dec 2020 08:16:33 CST
  • 2020 May End Being a Normal Year For Beef Production Says OSU's Dr. Derrell Peel   Tue, 01 Dec 2020 08:42:29 CST
  • LMA's Chelsea Good Talks About How Auction Markets Have Handled This Challenging Year  Mon, 30 Nov 2020 08:16:29 CST
  • Cattle Producers Have Found Unique Ways to Promote Beef During This Challenging Time  Fri, 27 Nov 2020 08:24:41 CST
  • Greg Hanes, Cattlemen's Beef Board, Says Zoom And Other Technologies Are Helping Them Reach More Consumers  Wed, 25 Nov 2020 08:16:30 CST
  • USMEF's Dan Halstrom Says The Trump Administration Has Been a Good Period For U.S. Meat Exports  Tue, 24 Nov 2020 08:24:30 CST
  • No Surprises in Latest Cattle on Feed Report And OSU's Derrell Peel Says The Market is Leveling Out  Mon, 23 Nov 2020 07:31:31 CST
  • U.S. Meat Export Glass is Half Full But It's Filling Up Fast Says USMEF's Dan Halstrom  Fri, 20 Nov 2020 08:25:34 CST
  • October Ice Storm Dramatically Impacted Cattle Markets Says OSU's Derrell Peel  Thu, 19 Nov 2020 08:29:20 CST
  • Slow Pace of U.S. Beef Exports a Concern, Says Market Analyst Katelyn McCullock  Wed, 18 Nov 2020 08:39:32 CST
  • Katelyn McCullock, Livestock Marketing Information Center, Talks About Holiday Beef Demand During The Pandemic  Tue, 17 Nov 2020 08:34:42 CST
  • Simmental Among The Breeds to be Shown At Cattlemen's Congress in Oklahoma City in January  Mon, 16 Nov 2020 08:11:49 CST
  •   Mon, 16 Nov 2020 07:22:43 CST
  • Market Analyst Corbitt Wall Makes The Case For Cattle Producers and Beef Packers Are Not in The Same Business  Fri, 13 Nov 2020 09:02:10 CST
  • NCBA's Ethan Lane Reviews Election Results  Thu, 12 Nov 2020 08:20:33 CST
  • The Certified Angus Beef Brand Remains Focused on Providing Quallity to Consumers and Profitability to Producers  Wed, 11 Nov 2020 09:23:13 CST

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   2018  |   2019  |   Jan 20  |   Feb 20  |   Mar 20  |   Apr 20  |   May 20  |   Jun 20  |   Jul 20  |   Aug 20  |   Sep 20  |   Oct 20  |   Nov 20  |   Dec 20
        

    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.