Morning Ag News, August 16, 2021: Consumers continue to crave beef - a podcast by MWC

CattleFax CEO Randy Blach says there’s reason to be optimistic about where the markets are headed. Driving the increase is a classic example of supply and demand. The nation’s cattle inventory is shrinking, Blach explains, caused by extreme drought in West and Northern Plains. At the same time, beef demand is at a 33-year high. This signals good news as the industry recovers from price swings faced in 2020.

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