Time & Money Drive The Retailing Of Beef Products
Changing demographics have made food service about equal in size to food retailing. According to the Cattlemen’s Beef Board, beef remains the number-one protein served in restaurants. fast food accounted for more than 43% of all beef served in commercial restaurants in 2008.
Cattle Prices Finally Gain Traction
The promise of warmer temperatures to finally grow some forage and tempt consumers back to the grill helped lift cattle and beef prices last week.
Cattle Prices Continue Lower
Feeder cattle sold $3-$7/cwt. lower and calves traded $5-$10/cwt. lower as cattle futures and cash fed cattle prices struggled beneath the weight of neagative outside markets and unseasonably cool weather.
Recent Moisture Helps…If It Continues
Though recent moisture makes it tempting, producers need to be careful about grazing pastures too hard. Any lost forage production during the critical growing season over the next three months will jeopardize prospects for the remainder of the year.
Corn Crop Could Be Record-Large
Corn producers intend to plant 97.3 million acres of corn for all purposes this year, the most since 1936. At trend yield, that would produce 14.6 billion bu.
Who Sells Beef?
As part of our Connecting The Dots series, where we explain the process of gate to plate, we highlight the different retailers that consumers can purchase beef from.
Consolidation Is Driving Retail Change In Beef Merchandising
The retail landscape changed dramatically during the last few decades, with massive consolidation on one hand, and non-traditional retailers entering the fray on the other. Both have taken market share from traditional independent grocers.
