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“Our measurement of real per capita expenditures for fresh beef has shown positive gains for every month this year. Strong 2024 nominal (not inflation-adjusted) consumer beef spending at both the retail and wholesale levels has supported prices across the beef supply chain and will likely complicate breeding decisions in the months to come for dairy producers,” wrote Dave Weaber, Terrain senior dairy analyst, in an article published in the September 9, 2024, issue of Hoard’s Dairyman Intel. He continued, “I expect consumer demand for the highest grades of beef to remain strong, so it seems likely that beef-on-dairy calves will remain sought-after with their advantage on the percentage of cattle reaching the Prime and Upper 2/3 Choice grades.” Read the rest of the article on the Hoard’s website.
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