Buying with Taste Buds: Consumers are sticking with beef despite economic pressures

The markets are working through a lot of volatility right now, but that pressure is not affecting beef demand.

NCBA says consumers are still buying anything they can.

""Consumers have stuck with us. Record sales this past year of over 40 billion, with a B, in beef sales, which is over half or about 55 percent of beef accounts for total fresh meat, and about six billion in pounds in terms of volume of sales, so not quite a record. We’ve had a little bit more volume sales in the past, but still pretty remarkable numbers, so consumers have stuck with us,” said Mike Simone.

The ag industry has seen its share of ups and downs over the last year. This was an outcome they were not expecting, but Simone says it is full speed ahead.

“By and large, consumers, when they rate the proteins, beef tends to be top by and far, by 57-60 percent typically. Most of the time, a good 20-plus points higher than chicken in terms of those rankings, so I think that’s a major influence - consumers are buying with their taste buds. To begin with, price is important, but they all have that experience. It’s irreplaceable and comfortable, and consumers know that, and they appreciate that and the quality of the beef is just that much better than it was 20-30 years ago, and consumers know that. They appreciate that. They continue to open their wallets and buy our product.”

On the other side of proteins, chicken has done well with sales, but Simone says that boils down to price.

Related Stories
NCBA CEO Colin Woodall says more conversations need to occur with stakeholders present surrounding President Trump’s proposal to lower consumer beef prices with Argentinian imports.
Beef industry groups seem to agree — market-based pricing, not federal intervention, best supports rancher livelihoods and long-term beef supply stability.
Cattle groups say additional imports would offer little relief for consumers but could erode rancher confidence as the industry begins to rebuild herds.
The USDA’s latest Hogs and Pigs Report caught some analysts off guard. Inventories came in lower than expected, signaling tighter supplies ahead, even as producers return to profitability this year.
The government shutdown has touched nearly every sector of the ag industry since it began, and now impacts are spilling over into dairy.
Expect firm calf and fed-cattle prices — pair selective heifer retention with prudent hedging and liquidity to bridge rebuilding costs.

LATEST STORIES BY THIS AUTHOR:

Dr. Jeffrey Gold, President of the University of Nebraska, joined Rural Health Matters to outline a few key reminders for parents about keeping kids healthy during the holiday season.
Farm Journal Foundation Senior Policy Adviser Dr. Stephanie Mercier outlines new research on the top sixteen biosecurity threats in agriculture/
Rancher David Kroa of One Man Ranch joins us to share the story of his remarkable Shorthorn cow, Trish, who is beating the odds.
American Soybean Association President Caleb Ragland shares the soybean sector outlook following the announcement of farm aid to offset losses for U.S. row crop growers.
Tariff relief and new trade agreements may temper food costs by reducing import costs.
Agriculture Shows
Special 3-part series tells the story of the Claas family’s legacy, which changed agriculture forever.
From soil to harvest. Top Crop is an all-new series about four of the best farmers in the world—Dan Luepkes, of Oregan, Illinois; Cory Atley, of Cedarville, Ohio; Shelby Fite, of Jackson Center, Ohio; Russell Hedrick, of Hickory, North Carolina—reveals what it takes for them to make a profitable crop. It all starts with good soil, patience, and a strong planter setup.
Champions of Rural America is a half-hour dive into the legislative priorities for Rural America. Join us as we interview members of the Congressional Western Caucus to learn about efforts in Washington to preserve agriculture and tackles the most important topics in the ag industry on Champions of Rural America!
Featuring members of Congress, federal and state officials, ag and food leaders, farmers, and roundtable panelists for debates and discussions.