This is a topic of discussion within the beef industry. The following article does not necessarily represent the opinion of the Beef Checkoff. The following is a transcript from a conversation on April 16 with Dr. Glauber about beef prices.
Dr. Glauber, to begin, please tell us about the role of the Office of the Chief Economist within the U.S. Department of Agriculture.
The office of the Office of the Chief Economist (OCE) advises the Secretary of Agriculture on economic data and programs affecting the U.S. food and fiber system. The office also provides publicly available information, such as commodity, farm sector and weather forecasts, to agricultural producers and consumers to make informed decisions. The USDA has had a Chief Economist since the 1920’s.
Often you hear beef consumption reported as an indicator of demand for beef, can you clarify the difference.
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