Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Beef Buzz News


Time for Profitability in Feed Yards is Now Says KSU Livestock Economist Dr. Glynn Tonsor

Fri, 02 Oct 2020 08:32:53 CDT

Time for Profitability in Feed Yards is Now Says KSU Livestock Economist Dr. Glynn Tonsor Profitability is now here for feedlot cattle says Dr. Glynn Tonsor, K-State livestock market economist.

The prospects have been talked about and forecast by several livestock economists in recent months and Dr. Tonsor says itís happening now.

The seeds were planted in the spring when cattle prices tanked.

My numbers were updated Sept. 15 and those numbers are positive through next March, Tonsor said.

On balance, fed cattle prices have improved relative to feeder cattle prices, he said.

Cattle coming out of feed yards in October would have been purchased six months earlier and by my estimates for a price of $122 and weíre projecting a fed calf price of $112 for October, Tonsor said.

That is certainly a positive differential, he added.

The K-State economist says the current futures market is offering an opportunity to lock in some profit now.

Despite uncertainties, including trade, COVID-19 and feed supplies, Tonsor thinks there are some profitable hedging opportunities for feed lots.

I think one needs to think about that, but I am not saying itís for everyone, Tonsor said.

Other industry experts agree, mainly spurred by the related jump in beef demand.

Demand is strong and that is especially important on the domestic front, Tonsor said.

Going forward I am more optimistic for domestic demand, he said.

He added a weaker U.S. dollar would also help on the export side.

Click on the LISTEN BAR below to hear more comments from Dr. Glynn Tonsor.

The Beef buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for todayís show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.


   
   

Ron Hays Beef Buzzes With Dr. Glynn tonsor
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Concern Grows For Adequate and Affordable Hay Supplies as Drought Conditions Intensify Across The Country  Wed, 21 Oct 2020 08:25:07 CDT
  • CFAP 2 Has Been a Big Help For Cow/Calf Prodcuers, Says NCBA's Ethan Lane  Tue, 20 Oct 2020 08:33:47 CDT
  • Voluntary Approach is Best Way to Receive Adequate Price Discovery And Maximum Value For Cattle, Says Ethan Lane and Jerry Bohn  Mon, 19 Oct 2020 14:05:15 CDT
  • NCBA's Ethan Lane Says Progress is Being Made on Establishing Robust Price Discovery  Fri, 16 Oct 2020 08:17:03 CDT
  • Cattle Markets and Consumers Have Adjusted to COVID-19 Impacts, Says USDA's Greg Ibach  Thu, 15 Oct 2020 08:22:07 CDT
  • OSU's Derrell Peel Explains Why Feeder and Stocker Cattle Prices Have Been Under Pressure in Recent Days  Wed, 14 Oct 2020 08:44:23 CDT
  • Latest Monthly Consumer Beef Demand Survey Shows Some Concern Going Into Winter, Says K-State's Dr. Glynn Tonsor  Tue, 13 Oct 2020 09:21:17 CDT
  • Stable Cattle Herd is Climate Neutral Says California Scientist Dr. Frank Mitloehner  Mon, 12 Oct 2020 08:33:10 CDT
  • CAB's Sara Scott is Helping Consumers Understand How High Quality Beef is Produced  Fri, 09 Oct 2020 08:57:19 CDT
  • OSU Graduate Sara Scott Focuses On Correcting Misconceptons About Beef Production And The CAB Brand  Thu, 08 Oct 2020 08:24:15 CDT
  • Beef Demand Not Dented By Fake Meat or Economic Slump, says Randy Blach With CattleFax  Wed, 07 Oct 2020 08:10:07 CDT
  • CattleFax CEO Randy Blach Says Increasing Slaughter Capacity is The Best Way to Maximize Price for Premium Cattle  Tue, 06 Oct 2020 08:14:07 CDT
  • Bovine Facial Identification Using a Cell Phone Ap Will Soon Be Available Says KSU Animal Scientist KC Olson   Mon, 05 Oct 2020 08:45:05 CDT
  • Time for Profitability in Feed Yards is Now Says KSU Livestock Economist Dr. Glynn Tonsor  Fri, 02 Oct 2020 08:37:34 CDT
  • Beef Industry Has Dramatically Improved Due To Enhanced Genomics, Says Jarold Callahan, Express Ranches  Thu, 01 Oct 2020 08:59:05 CDT
  • Express Ranches President Jarold Callahan Says This Has Been a Challenging Year But They Expect Good Demand For Their Oct. 5 Fall Bull Sale  Wed, 30 Sep 2020 09:02:20 CDT
  • Weaning Calves Correctly Is Good For Animals And The Pocketbook, Says Texas Extension AgriLife Specialist Dr. Ron Gill  Tue, 29 Sep 2020 08:41:08 CDT
  • Latest Cattle On Feed Report Indicates Market Might Be Headed Towards "Normal," Says OSU's Dr. Peel  Mon, 28 Sep 2020 08:51:58 CDT
  • CattleFax Leader Predicts Higher Calf Prices In Coming Months  Fri, 25 Sep 2020 08:04:07 CDT
  • OSU's Dr. Derrell Peel Says Livestock Markets Have Recovered From The Pandemic As Producers Now Hope For Good Winter Wheat Pasture  Thu, 24 Sep 2020 08:22:07 CDT
  • Ultra-High Frequency Technology Allows For Fast, Easy Cattle Traceability, Says Callahan Grund With U.S. CattleTrace  Wed, 23 Sep 2020 08:46:07 CDT
  • U.S. CattleTrace Is a New Organization Focused On Beef Cattle Traceability  Tue, 22 Sep 2020 09:03:14 CDT
  • Danielle Beck, NCBA, Explains How Cattle Producers Can Receive Round Two CFAP Payments  Mon, 21 Sep 2020 08:39:44 CDT
  • Cattle Herds Are Shrinking And Intensifying Focus On Packer Capacity, Says Randy Blach With CattleFax  Fri, 18 Sep 2020 08:12:07 CDT
  • Cattle Industry Has Made a Remarkable Adjustment To Pandemic, Says Randy Blach, CattleFax CEO  Thu, 17 Sep 2020 08:33:03 CDT
  • Understanding Price Discovery Is The Key To Improving It Says Texas A&M Economist David Anderson  Wed, 16 Sep 2020 08:26:54 CDT
  • No FMD In United States Since 1929 But Iowa State's Dr. Danelle Bickett-Weddle Says We Must Be Prepared For An Outbreak  Tue, 15 Sep 2020 09:45:10 CDT
  • CARES Act Stimulus Payments Could Be Helping Increase Beef Demand Says KSU's Dr. Glynn Tonsor  Mon, 14 Sep 2020 08:16:00 CDT
  • Uncertainty Is How KSU Extension Livestock Economist Dr. Glynn Tonsor Describes Current Cattle Market  Fri, 11 Sep 2020 08:48:49 CDT
  • The World Population Still Eating Beef Despite Pandemic Says USMEF's Dan Halstrom  Thu, 10 Sep 2020 08:27:19 CDT
  • Demand Remains Strong For U.S. Beef Exports, Says Dan Halstrom, USMEF President And CEO  Wed, 09 Sep 2020 08:08:52 CDT
  • Beef Producers Should Have A Biosecurity Plan, Says OSU Veterinarian Dr. Rosslyn Biggs  Tue, 08 Sep 2020 07:45:25 CDT
  • OSU Extension Livestock Economist Dr. Derrell Peel Says Conditions Exist For Good Profit Margins For Grazing Stocker Calves On Wheat Pasture This Year  Fri, 04 Sep 2020 08:23:52 CDT
  • Meat Packing Industry Needs To Add About 6,000 Head To Daily Capacity, Says Dustin Aherin, Rabo AgriFinance  Thu, 03 Sep 2020 08:42:00 CDT
  • Beef Exports Are Valuable For U.S. Producers Says CattleFax's Randy Blach  Wed, 02 Sep 2020 09:27:50 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   2018  |   2019  |   Jan 20  |   Feb 20  |   Mar 20  |   Apr 20  |   May 20  |   Jun 20  |   Jul 20  |   Aug 20  |   Sep 20  |   Oct 20  |   Nov 20  |   Dec 20
        

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.