D.R. Cattle
Well-known member
Wholesale beef sales up
by Brendan O'Neill on 1/15/04 for Meatingplace.com
Demand for beef is still high -- and rising -- as wholesalers bought the third-largest largest amount of beef in a one-week period since 1990.
During the week ending Jan. 10, beef wholesalers purchased 21.7 million pounds of beef, a figure 42.6 percent greater than during the week ending Oct. 31, 2003, which was considered a good week, according to Michelle Peterson, of the National Cattlemen's Beef Association.
"We expect to see heavy demand through the end of the month and into February, particularly with the Super Bowl and Valentine's Day," said Peterson. "The demand should remain high, with beef at great prices."
Wholesale beef prices have dropped 19 percent since the finding of the single case of bovine spongiform encephalopathy in Washington state on Dec. 23.
"Prices finally got low enough to attract buyers for retailers and food service operators," said David Weaber, research director at Cattle-Fax, a cattle market analysis and research firm in Denver. "Retailers have seen very little negative response to the whole situation. They're confident in buying the product and turning around and selling it."
by Brendan O'Neill on 1/15/04 for Meatingplace.com
Demand for beef is still high -- and rising -- as wholesalers bought the third-largest largest amount of beef in a one-week period since 1990.
During the week ending Jan. 10, beef wholesalers purchased 21.7 million pounds of beef, a figure 42.6 percent greater than during the week ending Oct. 31, 2003, which was considered a good week, according to Michelle Peterson, of the National Cattlemen's Beef Association.
"We expect to see heavy demand through the end of the month and into February, particularly with the Super Bowl and Valentine's Day," said Peterson. "The demand should remain high, with beef at great prices."
Wholesale beef prices have dropped 19 percent since the finding of the single case of bovine spongiform encephalopathy in Washington state on Dec. 23.
"Prices finally got low enough to attract buyers for retailers and food service operators," said David Weaber, research director at Cattle-Fax, a cattle market analysis and research firm in Denver. "Retailers have seen very little negative response to the whole situation. They're confident in buying the product and turning around and selling it."