(Podcast) Episode 009: The Present and Future of US Beef Markets

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The AgEconMT crew is joined by Dr. Gary Brester, a Professor of Economics in the Department of Agricultural Economics and Economics at Montana State University. Gary discusses insights about the current and future trends in the U.S. beef industry, with a particular focus on how those trends impact cattle producers in the northern Great Plains.

Topics covered on this episode include cattle prices, issues constraining the expansion of cattle herds, hot topics in trade and whether more open trade is favorable to the beef industry, and the impacts of beef consumers’ changing socioeconomic and demographic characteristics. Gary saves the best for last as he discusses his thoughts about the big trends and changing economics of the beef sector over the next 20 years.

Are you a cattle producers interested in knowing more about specific issues in the beef industry? Have you noticed factors impacting your bottom line that weren’t mentioned in this episode? Leave a comment or send us a note.

(Intro and outro music by Trevor Sensor)

 (Photo by USDAgov is licensed under CC BY 4.0)

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About Author

Eric Belasco

Eric Belasco is an Associate Professor in the Department of Agricultural Economics and Economics at Montana State University. He received both his M.S. and Ph.D. in Economics from North Carolina State University in 2005 and 2007, respectively. He conducts research in the areas of agricultural marketing, risk management, farm policy, and financial engineering. Examples of this research include evaluations into grid pricing risk, the use of forward contracts in mitigating profit risk, modeling revenue risk in cattle production, and characterizing the link between weather and production indicators.

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