In this week’s episode Kerry Lonergan catches up with Professor Derrell Peel from Oklahoma State University about the current state of the US beef market: record‑high meat prices amid multi‑decade low cattle inventories, limited herd rebuilding, and the roles of drought, feedlot practices and profitability.
Professor Peel also discusses rising imports for lean grinding beef, trade disruptions with Mexico and Canada, Brazil’s growing production, and why short‑term policy moves including tariff relief on Brazilian beef imports are unlikely to quickly change supply or retail prices.
Prof Derrell Peel, is an ag economist and extension livestock marketing specialist with the Oklahoma State University.
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