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Nate Rempe

๐Ÿ‘ค Speaker
51 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
Omaha Steaks CEO Talks Beef Prices, Demand

is to make that decision to hold that animal back to build the herd.

Bloomberg Talks
Omaha Steaks CEO Talks Beef Prices, Demand

And we're seeing early signs of that.

Bloomberg Talks
Omaha Steaks CEO Talks Beef Prices, Demand

But what's super interesting, guys, is that when you make that heifer retention decision, it actually further exacerbates the size of the herd because fewer animals are going to market.

Bloomberg Talks
Omaha Steaks CEO Talks Beef Prices, Demand

So to say it's going to get worse before it gets better.

Bloomberg Talks
Omaha Steaks CEO Talks Beef Prices, Demand

Yeah, I mean, you know, America trades down really in any product set.

Bloomberg Talks
Omaha Steaks CEO Talks Beef Prices, Demand

And as it relates to beef and chicken, you know, we're seeing some consumers opt for chicken, but it's just not as satiable as a protein.

Bloomberg Talks
Omaha Steaks CEO Talks Beef Prices, Demand

It really just doesn't deliver like beef does.

Bloomberg Talks
Omaha Steaks CEO Talks Beef Prices, Demand

And so we are seeing some trade down kind of inside the product set of beef.

Bloomberg Talks
Omaha Steaks CEO Talks Beef Prices, Demand

You know, those consumers that may have opted for the filet mignon are now exploring how amazing the top sirloin is.

Bloomberg Talks
Omaha Steaks CEO Talks Beef Prices, Demand

or a strip or a ribeye, and exploring up and down the category there and really pushing themselves to educate on where else they can get their beef.

Bloomberg Talks
Omaha Steaks CEO Talks Beef Prices, Demand

Like Omaha Steaks.

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