By Andi Anderson
The Choice Select spread is a measure of the price difference between Choice and Select grade beef. The Choice Select spread has widened in recent years, indicating that demand for Choice beef has strengthened. This is likely due to a combination of factors, including:
- Increased consumer awareness of the difference between Choice and Select beef
- Increased disposable income, which allows consumers to afford higher quality beef
- A growing preference for healthier and more flavorful food
It is possible that Prime grade beef could become the standard 10 to 20 years down the road. However, this would require a number of changes, including:
- An increase in the production of Prime grade beef
- A decrease in the price of Prime grade beef
- A shift in consumer preferences towards Prime grade beef
It is important to note that there are a number of factors that could affect the demand for Choice and Prime beef in the future, such as economic conditions, changes in consumer preferences, and technological advancements in the beef industry.
The strengthening demand for Choice beef is a positive sign for the beef industry. It indicates that consumers are willing to pay a premium for higher quality beef.
Photo Credit: USDA
Categories: Ohio, Livestock, Beef Cattle