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Characteristics of Beef Industry

Characteristics of Beef Industry. Animal Science Unit 13. Beef Industry Income. 38% total income from all livestock and poultry marketing 18% of total income from farm marketing Largest single segment of the US Agricultural Economy. Beef Consumption. Increased from 1960-1976

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Characteristics of Beef Industry

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  1. Characteristics of Beef Industry Animal Science Unit 13

  2. Beef Industry Income 38% total income from all livestock and poultry marketing 18% of total income from farm marketing Largest single segment of the US Agricultural Economy

  3. Beef Consumption • Increased from 1960-1976 • Decreased since that time • Linked to • Supply • Price • Consumer preceptions

  4. Demand for Beef • Depends on • Number of people • Income per person • Changes in people’s meat preferences • People also want more grain fed beef instead of vealers and grass-fed beef

  5. Production Mostly domestic 9% imports 4% of domestic production is exported to world markets

  6. Herd Sizes See fig 13-1

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