Livestock population at 50-year low
12/05/2009
Worldwide economic conditions have dented the demand for beef in the US at a time when cattle inventory numbers have reached a 50-year low, according to beef and economics analysts at the University of Nebraska.
Darrell Mark, a livestock marketing specialist, said in a statement from the university: “It is clear that many consumers, both domestically
and internationally, have traded down in their protein purchases. In some cases this
means fewer table cuts of beef and more hamburger sales. In other cases, it may mean more substitution away from beef to pork or poultry.”
This decline in purchasing of more expensive cuts of meat comes at a time when the US is seeing low inventory numbers for cattle. Total inventory right now in the US is 94.5 million head, which is the lowest since 1959, he added.
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