Beef Buzz News
Consumers Want More High Quality Beef, Says CattleFax CEO Randy Blach
Fri, 05 Mar 2021 08:01:28 CST
Consumers want more high-quality beef and are willing to pay for it, said Randy Blach, CEO of CattleFax, a global leader in beef industry research, analysis and information.
Blach was a featured speaker at the CattleFax market outlook seminar during the recent virtual NCBA winter conference.
We’ve seen over a 60 percent increase in the amount of choice and prime beef production in the United States since the 2000 to 2005 time period, Blach said.
Even though we’ve seen that kind of increase in production levels, the spread between select and CAB has continued to get higher, Blach said.
That is classic beef demand growth, he added.
The consumers are saying we want more of the good stuff, Blach said.
I don’t think that will go away once the restaurants reopen later, he said.
This is a very clear signal that the consumer is sending the beef producer today, he said, as 8 percent more of the total meat sales is going to beef.
We need to make sure we continue to listen to consumers, Blach said.
The CattleFax CEO said the introduction and growth of alternative proteins or “fake meat” should not concern beef producers.
Less than 1 percent of beef market share has gone to the alternative protein sources and Blach thinks that will slowly grow.
Keep in mind that our global population is growing and just to feed that growing population we are going to need more protein sources, Blach said.
If we continue to stay focused on what we do best and tell our story than we have a great future ahead for animal protein, Blach said.
Click on the LISTEN BAR below to hear more comments from Randy Blach.
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 Randy Blach
right-click to download mp3
WebReadyTM Powered by WireReady® NSI
Beef News
Cattle on Feed Report Shows Biggest May First Inventory Since 1996- Drought Pushing Cattle Into Feedlots Sat, 21 May 2022 15:01:06 CDT
Lance Zimmerman with Cattlefax Offers Cow Calf Producers Strategies for Success Fri, 20 May 2022 08:44:10 CDT
Kent Bacus says NCBA is Committed to Promoting Trade to Benefit US Cattle Producers Thu, 19 May 2022 09:54:10 CDT
John Butler with the Beef Marketing Group Communicates to Consumers that the Beef Industry is Sustainable Wed, 18 May 2022 09:46:15 CDT
John Butler with Beef Marketing Group Aims to See All Segments of the Beef Industry Working Together Tue, 17 May 2022 09:44:42 CDT
Fewer Pounds of Beef Coming in the Beef Pipeline Mon, 16 May 2022 09:02:35 CDT
NCBA's Colin Woodall Gives Credit to Cattle Producers for Always Being Sustainable Fri, 13 May 2022 11:08:03 CDT
Dakota Moss Describes Benefits of Utilizing an LRP Program for Cattle Producers Thu, 12 May 2022 09:53:54 CDT
Historically Poor Pasture Conditions to Hit Beef Supplies Ahead Wed, 11 May 2022 11:31:21 CDT
Six Years After Repeal, Senator John Thune Still Wants Mandatory Country of Origin Labeling Tue, 10 May 2022 09:39:50 CDT
USMEF's Erin Borror Suspects Increased Herd Liquidation May Lead to Tighter Supplies in the Future Mon, 09 May 2022 12:29:27 CDT
USMEF's Erin Borror Sees Growth in US Beef Exports for the Remainder of 2022 Fri, 06 May 2022 10:13:22 CDT
NCBA's Ethan Lane Hopes to Ensure Risk Management Tools Are Available for all Sectors of Cattle Production Thu, 05 May 2022 10:37:28 CDT
NCBA's Ethan Lane Believes Grassley-Fischer Bill Wil Not Accomplish What the Authors Are Intending Wed, 04 May 2022 09:18:44 CDT
Dr. Stephen Koontz says Mandated Cash Cattle Trade Will Cost Cow-Calf Producers Tue, 03 May 2022 17:30:26 CDT
NCBA Concerned with the Biden Admin's Plan to Publish their own WOTUS Rule Ahead of the Supreme Court Mon, 02 May 2022 09:03:33 CDT
NCBA's Mary Thomas Hart says U.S. Agriculture Needs a Clear Definition of WOTUS Sun, 01 May 2022 20:37:57 CDT
Don Schiefelbein tells U.S. House Ag Committee that Freedom to Market Matters Thu, 28 Apr 2022 11:20:51 CDT
President-Elect of KLA, Shawn Tiffany, asks Congress not to Limit the use of AMA's Wed, 27 Apr 2022 09:48:23 CDT
OSU's Derrell Peel Says We Could See at Least a 3-4% Decrease in the Beef Cow Herd in 2022 Tue, 26 Apr 2022 06:49:14 CDT
Surprise! Derrell Peel Says Feedlot Numbers Well Above Pre Report Expectations in Latest Cattle on Feed Report Sun, 24 Apr 2022 19:40:48 CDT
Dr. Bart Fischer Says Government-Mandated Cash Cattle Trade Could Reduce Prices to Cow-Calf Producers Fri, 22 Apr 2022 11:00:33 CDT
Cattle Producers Can Strategically Utilize the LRP Program to Secure Profit Thu, 21 Apr 2022 06:49:26 CDT
Dakota Moss Says Cattle Producers Can Benefit from Utilizing a LRP Program Wed, 20 Apr 2022 09:46:06 CDT
Dr. Rosslyn Biggs: Keep an Eye Out for Dust Pneumonia in Cattle During Dry Conditions Tue, 19 Apr 2022 07:53:43 CDT
Andy Holloway on Upcoming Annual Hemphill County Beef Conference Tue, 19 Apr 2022 07:46:21 CDT
USMEF Still Combatting Covid in Today's Global Market, Says Dan Halstrom Fri, 15 Apr 2022 12:29:37 CDT
Dan Halstrom with USMEF Sees 2022 Off to a Promising Start Thu, 14 Apr 2022 13:12:39 CDT
OSU's Derrell Peel Predicts Tighter Cattle Supplies Going Forward in the Drought Wed, 13 Apr 2022 08:26:27 CDT
K-State Researcher Sees Industrial Hemp as Stress Reducer for Cattle Tue, 12 Apr 2022 15:29:42 CDT
Oklahoma Cattlewomen's Beef Advocacy Contest for Youth Winner, Morley Griffith Tue, 12 Apr 2022 15:28:27 CDT
Virtual Fencing and the Advantages for Rotational Grazing with Jimmy Emmons Fri, 08 Apr 2022 08:04:21 CDT
Jimmy Emmons Talks on the Benefits of Starting Down the Road to Soil Health Thu, 07 Apr 2022 13:27:11 CDT
Jimmy Emmons Tells Ranchers to Be Proactive During Dry Times by Prioritizing Grazing Management Wed, 06 Apr 2022 08:42:08 CDT
Latest USDA Prospective Plantings Points to Lower Feeder Cattle Prices Ahead Tue, 05 Apr 2022 11:48:14 CDT