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Beef Buzz News


Cloud of Uncertainty Hangs Over Meat Demand Going Into Spring Months

Tue, 30 Mar 2021 10:56:06 CDT

Cloud of Uncertainty Hangs Over Meat Demand Going Into Spring Months There remains some uncertainty in the meat demand picture going into the spring months said Katelyn McCullock, director and senior agricultural economist for the Livestock Marketing Information Center.

Will consumers and businesses return to pre-pandemic levels this year? Which hospitality or food service sector will recover first?

McCullock first examined the wholesale boxed beef sales which have been stronger in recent days.

I think the negotiated boxed beef is going to be volatile this year as we sort out and see the travel sector and food service coming back, she said.

I would expect that type of behavior throughout 2021 as we just don’t know how consumers are going to respond, McCullock said.

I think a lot of businesses are not going to travel again this year, she said.

I think it is going to take a little more time to get to a consistent level, she added.

On a related note, the recent quarterly hogs and pigs report is bullish and that means we’re going to have less pork than anticipated going into the middle part of 2021.

From a competing meat standpoint, we’re predicting less beef, chicken and turkey production in 2021 so beef might look a little more attractive, McCullock said.

We will really need to see expansion of hospitality and restaurant sectors to move a lot of product, she said.

Beef is one of the higher price options, lamb is very expensive right now, so beef is going to be in that number two spot compared to other proteins, McCullock said.

Click on the LISTEN BAR below to hear more comments from McCullock.

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 Katelyn McCullock
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