Determining Global Beef Demand

Determining Global Beef Demand

Earlier this week President Trump gave an executive order withdrawing the United States as a signatory to the Trans-Pacific Partnership or TPP. Currently the countries involved in TPP account for more than 60 percent of U.S. red meat exports.

When we consider future global beef demand — 100 million people each year. That's the current rate of growth for the global population, which is expected to total nine billion by the year 2050. With the expanding global middle class, there will be increased demand for animal protein.

While the nation's cattle inventory continues to grow, finding ways to boost demand will be increasingly important. Beef industry expert Tony Clayton says a strong export market supports the entire business

Clayton: "The export market brings value to everybody — whether you actively participate in it or not because I firmly believe for every animal we sell it helps the neighboring farm or ranch by taking inventory out of the U.S. market."      

Clayton continues with more about the export of U.S. beef genetics with countries worldwide showing continual interest in producing beef in their own countries, and they're looking to the U.S. cattle industry for the best in cattle genetics

Clayton: "Developing genetics is a value-added product. It is a market that is highly seeked around the world by people who are trying to establish cattle herds and upgrade local genetics. So they look at the US market as the shopping place to come and buy efficient genetics that would fit into their market place."

 

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