According to Cattle-Fax CEO Randy Blach, there will be another two-to-three years before the cattle herd begins rebuilding again. Consumer beef demand remains very good, despite a more challenging general economy. “I think there is some trade-down so instead of eating at a high-end steakhouse people are moving to a mid-level dining experience,” said Blach. “There is also a lot of pork and poultry in the market so they have more choices in this cycle than we did in 2014 and 2015.”
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