Agricultural Economics Department


Date of this Version

April 2002


Published in Cornhusker Economics, 04/03/2002. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.


2001 was a challenging year for the beef industry. Concerns regarding bovine spongiform encephalopathy (BSE) and foot and mouth disease (FMD) in Europe and Asia and weaker world economies contributed to a 2 percent decline in beef consumption in 2001 compared to 2000. However, real retail choice beef prices increased nearly 8 percent. This translates into a year-to-year increase in retail beef demand of approximately 5 percent in 2001. This marked the third