Strong beef demand continues - what does it mean with a shrinking cow herd?

It's a good news story with a cautionary undercurrent: North American beef demand has held steady, even in the face of high retail prices. No matter where you live in North America, if you love beef, you're buying - even when the sticker shock makes your eyes water.
North American beef numbers have trended upwards even while many competitors' markets have trended down, like in Australia, Argentina and Brazil. While no one will begrudge a boom, the steady retail demand amid a dwindling cow herd stressed by drought does raise some serious questions about the longer-term supply side of the beef market.
To delve into trade flows, beef prices, and shifts in cow herd numbers (stabilization is the new expansion), host of RealAg Radio, Shaun Haney, is joined by Lance Zimmerman, with Rabobank, where they discuss Rabobank's most recent Quarterly Beef Supply report.
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