Q1 How well are you able to satisfy your customers' orders?
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- Barbara Flowers
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1 Q1 How well are you able to satisfy your customers' orders? We are shorting... We are shorting... Supply and demand are... We are seeing minor buildu... We are seeing significant... We are shorting customers in excess of 20% We are shorting customers 0-19% Supply and demand are roughly in balance We are seeing minor buildup of inventory We are seeing significant build-up of inventory 30.77% % % 2 1 / 35
2 Q2 How has consumer demand changed for bison since November 2015? Consumer demand has... Consumer demand has... Consumer demand is level Consumer demand has... Consumer demand has... Consumer demand has increased more than 10% Consumer demand has increased 1-9% Consumer demand is level Consumer demand has declined 1-9% Consumer demand has declined more than 10% 61.54% % % 2 2 / 35
3 Q3 How has the supply of finished bison changed since November 2015? Available supply of... Available supply of... The supply of finished bis... The available supply of... The available supply of... Available supply of finished bison has increased more than 10% Available supply of finished bison has increased 1-9% The supply of finished bison is roughly equal of May 2012 The available supply of finished bison has decreased 1-9% The available supply of finished bison has decreased more than 10% 23.08% % % 5 3 / 35
4 Q4 What do you see in regard to the available supply of finished bison in the next three months? More animals available About the same Fewer animals available More animals available About the same Fewer animals available 46.15% % 6 4 / 35
5 Q5 What do you see in regard to the available supply of finished bison in the next 4-6 months? More animals available About the same Fewer animals available More animals available About the same Fewer animals available 53.85% % 5 5 / 35
6 Q6 What do you see in regard to the available supply of finished bison in the next 7-12 months? More animals available About the same Fewer animals available More animals available About the same Fewer animals available 38.46% % 7 6 / 35
7 Q7 What percentage of additional product could you market at today s prices? We could not market any... We could market 1-5%... We could market 6-15%... We could market We could market more... We could not market any additional product We could market 1-5% more product We could market 6-15% more product We could market 16-25% more product We could market more than 25% more product 38.46% % % 3 7 / 35
8 Q8 What impact is the current pricing having on the demand from your customers? Demand is continuing t... No change in demand We have seen demand fall... We have seen demand fall... We have seen demand fall... Demand is continuing to increase No change in demand We have seen demand fall from 1-5% We have seen demand fall by 6-10% We have seen demand fall by more than 11% 38.46% % % 2 8 / 35
9 Q9 For which meats has demand exceeded supply over the past year? (check all that apply) Middle meats Thin meats Chuck Round Trim Pet Food Ingredients... Middle meats Thin meats Chuck Round Trim Pet Food Ingredients (heart, liver, etc.) 46.15% % % % % % 9 Total Respondents: 13 9 / 35
10 Q10 What impact is the current supply/price situation having on the market share for bison vs. other red meats? Our market share is... No change in market share We are seeing our market... We are seeing a large decl... Our market share is continuing to grow No change in market share We are seeing our market share decline slightly We are seeing a large decline in market share 69.23% % 3 10 / 35
11 Q11 What other protein sectors are emerging as primary competitors for bison? (check all that apply) Answered: 12 Skipped: 1 Organic beef Grass-finished beef Natural Beef Lamb Goat Other specialty me... Organic beef Grass-finished beef Natural Beef Lamb Goat Other specialty meats (red deer/elk, wild boar, ostrich, wagyu, etc.) 25.00% % % % 2 Total / 35
12 Q12 Why are these other proteins competing successfully against bison (check all that apply)? Answered: 12 Skipped: 1 Perceived equivalent... Price Availability Consumer recognition Novelty Perceived equivalent health benefits Price Availability Consumer recognition Novelty 83.33% % % % % 1 Total Respondents: / 35
13 Q13 In the past six months, how many inqueries have you received for certified organic bison meat? None 1-4 requests 5-9 requests Ten or more requests None 1-4 requests 5-9 requests Ten or more requests 84.62% % 2 13 / 35
14 Q14 What is the outlook for the infrastructure of bison marketers North America over the next 18 months? Answered: 12 Skipped: 1 We will likely see a... There will be no change There will be an increase... There will be a consolidat... We will likely see a consolidation of marketers There will be no change There will be an increase in the number of marketers There will be a consolidation among existing marketers but entry by new marketers 16.67% % % % 1 Total / 35
15 Q15 At what price range do you believe that bison bull carcass prices will be sustainable for both producers and marketers, while allowing our industry to continue to build consumer demand? $ $4.76 lb. $ $4.50 lb. $ $4.25 lb. $ $3.99 lb $ $3.74 lb. $ $3.49 lb. $ $4.76 lb. $ $4.50 lb. $ $4.25 lb. $ $3.99 lb $ $3.74 lb. $ $3.49 lb % % 3 15 / 35
16 Q16 What change, have you experienced in the ratio of male/female animals, compared to the past five years? Answered: 12 Skipped: 1 More than 6% increase in % increase in the... No change in the ratio, % increase in the... More than 6% increase in... More than 6% increase in the percentage of female animals 1-5% increase in the percentage of female animals No change in the ratio, compared to five-year average 1-5% increase in the percentage of male animals More than 6% increase in the percentage of male animals. 8.33% % % % 1 Total Respondents: / 35
17 Q17 What difference have you seen in carcass weights over the past 12 months, compared to your historic average? Average carcass is m... Average carcass is... Average carcass is 1... There has been no change in... Average carcass is 1... Average carcass is... Average carcass is m... Average carcass is more than 11% heavier Average carcass is 6-10% heavier Average carcass is 1-5% heavier There has been no change in average weights Average carcass is 1-5 % lighter Average carcass is 6-10% lighter Average carcass is more than 10% lighter 30.77% % % 4 17 / 35
18 Q18 Compared to this point last year, are you adding or subtracting trim inventory in cold storage? Adding About the Same Subtracting Not Applicable Adding About the Same Subtracting Not Applicable 38.46% % % 2 18 / 35
19 Q19 Are you adding or subtracting middle meats (loins, ribeye, etc) inventory in cold storage compared to this point in time last year? Adding About the Same Subtracting Not Applicable Adding About the Same Subtracting Not Applicable 23.08% % % 4 19 / 35
20 Q20 Compared to this point last year, are you adding or subtracting end meats (chucks, rounds, etc.) to inventory in cold storage? Adding About the Same Subtracting Not Applicable Adding About the Same Subtracting Not Applicable 46.15% % 5 20 / 35
21 Q21 According to the USDA, the 2016 yearto-date slaughter of bison in federallyinspected plants is roughly two percent higher than the comparable period in What do you believe are the key factors behind this trend? (check all that apply)? Answered: 12 Skipped: 1 Result of drought factors Result of herd expansion ov... Result of herd liquidations Result of reduction in... More supply from Canada... Shortage of available... Result of drought factors Result of herd expansion over past several years Result of herd liquidations Result of reduction in demand for bison meat More supply from Canada as a result of the exchange rate Shortage of available animals 16.67% % % % % 1 Total Respondents: / 35
22 Q22 What percentage of your product is currently going to retail vs. foodservice? More than 71% foodservice 61-70% foodservice 51-60% foodservice Equally split 51-60% retail 61-70% retail More than 71% retail More than 71% foodservice 61-70% foodservice 51-60% foodservice Equally split 51-60% retail 61-70% retail More than 71% retail 46.15% % 4 22 / 35
23 Q23 How has the ratio of foodservice and retail customers changed in the past three years? Large increase in foodservice Small increase in foodservice No change Small increase in retail Large increase in retail Large increase in foodservice Small increase in foodservice No change Small increase in retail Large increase in retail 23.08% % % % 2 23 / 35
24 Q24 How do you expect the ratio of foodservice and retail customers to change in the next three years? Large increase in foodservice Small increase in foodservice No change Small increase in retail Large increase in retail Large increase in foodservice Small increase in foodservice No change Small increase in retail Large increase in retail 23.08% % % 2 24 / 35
25 Q25 Is there a shift in demand for the type of finishing of production in comparison to the past five years? Large increase for... Small increase in demand fo... No change Small increase in demand fo... Large increase in demand fo... Large increase for grain-finished product compared to grass-finished Small increase in demand for grain finished product compared to grass-finished No change Small increase in demand for grass-finished product compared to grain-finished product Large increase in demand for grass-finished product, compared to grain-finished product 69.23% % 2 25 / 35
26 Q26 What has been the level of consumer questions on the following topics over the past 12 months 26 / 35
27 GMO Feed Cattle Genetics in... Bison Husbandry/Ha... Finishing Protocols... Not an Issue Decrease in No. of Questions Increase in No. of Questions Becoming a Significant Issue Not an Issue Decrease in No. of Questions Increase in No. of Questions Becoming a Significant Issue Total GMO Feed 58.33% % % % / 35
28 Cattle Genetics in Bison 75.00% % % % 0 12 Bison Husbandry/Handling Protocols 46.15% % % % 0 13 Finishing Protocols (grass vs. grain) 58.33% % % % / 35
29 Q27 Did you export bison meat to the European Union in 2015? Yes No Yes No 30.77% % 9 29 / 35
30 Q28 If "yes" to the question above, how many pounds of bison meat did you export to the European Union? Answered: 2 Skipped: / 35
31 Q29 Are you planning to expand your business in the next 12 months? Yes No Uncertain Yes No Uncertain 69.23% % % 2 31 / 35
32 Q30 Let us know any changes that you are making in your business as a result of the current supply/price situation Answered: 3 Skipped: / 35
33 Q31 Please let us know any other thoughts about the future of the commercial bison marketing business you d like to share. Answered: 4 Skipped: 9 33 / 35
34 Q32 Where do you believe the NBA should be focusing its marketing efforts? Answered: 5 Skipped: 8 34 / 35
35 Q33 Optional Question: How many bison did you process in the most recent calendar year? More than 1, Less than 250 More than 1, Less than % / 35
Q1 How well are you able to satisfy your customers' orders?
Q1 How well are you able to satisfy your customers' orders? We are shorting... We are shorting... Supply and demand are... We are seeing minor buildu... We are seeing significant... We are shorting customers
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