agman
Well-known member
My preliminary demand data for the second quarter shows a decline in beef demand of 2.8% versus year ago level. Additionally, beef demand, seasonlly adjusted, declined approximately .8% from the first quarter of 2005. Point: Demand erosion is accelerating from the first quarter. Each $1.00 per capita decline in domestic consumer spending on beef reduces income to the beef industry by approximatly $296 million dollars.
Net beef supplies declined during the second quarter, a result of reduced domestic production and increased export sales. Net beef supplies are inclusive of all imports.
Net beef supplies declined during the second quarter, a result of reduced domestic production and increased export sales. Net beef supplies are inclusive of all imports.