Market News

Uproar over LFTB could be costly

The economic impact of the lean finely textured beef (LFTB) uproar may be greater than initially thought.

Market analyst Kevin Good of CattleFax now estimates that the LFTB controversy is costing the U.S. beef industry 15 to 20 dollars per head in lost value.  And he says if LFTB is not utilized in the domestic pipeline, consumers will pay a high cost for ground beef.

Taking the impact on consumers a step further, Oklahoma State University livestock market economist Dr. Derrell Peel says the rejection of LFTB could contribute to the demise of the dollar menu at fast food hamburger chains.  And Peel says it will also result in increased imports of lean beef.

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