![]() ![]() We don’t produce enough cull cow meat, so additional lean must be added to the mix. Of course, most any quality of lean is suitable and we utilize our cull cows and bulls for this purpose. Ground beef production requires much additional lean to mix with the trim resulting from steer and heifer slaughter in order to make ground beef. The import side seems harder to understand but it mostly relates to the hamburger market. Thus, the export of things like Select chucks and rounds to Mexico is very complimentary to the U.S. This makes the role of exports, particularly exports of lower valued products, especially important because it allows the industry to adjust the product mix to more closely fit the demands of the domestic market. It’s a fact that we’ll eat what we produce, so if we don’t produce exactly what we prefer, the total value that consumers will offer the industry will be adjusted down as prices are reduced in order to entice consumers to purchase what we have, as opposed to what they really prefer. Ground beef can, of course, be made from a wide variety of qualities of lean but steak demand is mostly oriented towards high-quality middle meat cuts. beef demand largely consists of demand for ground beef and steaks. ![]() The set of products produced does not, in general, exactly match the preferences of domestic consumers. One of many complexities that make the beef industry so challenging is the fact that the set of animals processed into meat results in a vast array of different products of different qualities. However, beef exports play a more subtle role that’s often not well understood. The role of beef exports is obvious, on the one hand, in that it represents an addition to domestic beef demand and thus expands the total size of the market for U.S. beef trade and particularly why we need to import beef,” he says. is the largest producer, the largest consumer, the third-largest exporter and the largest importer of beef in the world. Keeping this in mind helps explain current production and trade relationships in the U.S. The job of markets is to seek out the highest value for products produced and encourage the most efficient use of resources to facilitate that production, says Derrell Peel, Oklahoma State University (OSU) Extension livestock marketing specialist.
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