"Economic and political order has become disorder," said Dan Basse, president of AgResource, in market analysis comments at the 2019 Feeding Quality Forum in Amarillo, Texas.
The beef industry has much to celebrate in 2019. From continued growth in demand to having a sizeable presence on the dinner plate at home and in restaurants, consumers clearly continue to crave beef.
The one thing certain in commodity markets is ambiguity. Ag Resource Company president Dan Basse, however, provided a bit of clarity and foresight at the Certified Angus Beef (CAB) brand's Feeding Quality Forum recently in Sioux City, Iowa.
Growth in the global and domestic beef cattle herd also means supply is on the upswing and the beef industry is gaining momentum through cattle prices.
With the domestic beef cattle herd expansion and steady increases in supply, the state of the beef industry is evolving and there is reason for optimism moving forward.
Every decision about investing checkoff dollars into beef promotion, research, education, information and foreign-market development aimed at building consumer demand for beef is directly tied to long-range planning.
The question is: “Who is going to flinch first?” Dan Basse, president of AgResource Co., said that’s what he and his team ponder when looking at this “plateau” phase in the agriculture markets.
If you don’t believe the global factors affecting the U.S. cattle market are numerous and complicated, you probably haven’t heard Dan Basse, president of Ag Resource Company, give an economic outlook.