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


October Ice Storm Dramatically Impacted Cattle Markets Says OSU's Derrell Peel

Thu, 19 Nov 2020 08:23:40 CST

October Ice Storm Dramatically Impacted Cattle Markets Says OSU's Derrell Peel Just as it appeared the cattle markets were operating in a more seasonal fall pattern, Mother Nature threw a wicked curve ball in the form of that late October ice storm in the southern High Plains. Dr. Derrell Peel, OSU Extension livestock market economist said the storm was a game changer.

Cattle markets were drifting lower in October and then the ice storm changed everything, Peel said.

The storm closed auction markets but brought timely moisture for the wheat crop.

Since then weíve seen a sharp rebound in the markets the past couple of weeks, he said.

Itís great for cow/calf producers selling calves, Peel said, as he expects auction volumes to continue being strong through November into December.

The Oklahoma National Stockyards is a good example as they had large volumes with higher prices this week especially for lighter weight calves.

Stocker calves are being bought by producers anxious to take advantage of the wheat pasture and Peel said producers have had to continually change their budgets which have been all over the place.

If you look at the futures markets for next spring, they have also been volatile, Peel said.

Meanwhile, beef demand going into the last part of the year is raising some concerns, he said.

Wintertime we tend to focus more on food service and itís now a mixed bag, he said.

Ribeyes are very popular for the holidays and so far, they are holding their own, noted Peel.

However, tenderloins, exclusively a restaurant item, are running about 25 percent below a year ago, Peel said.

With additional Covid-19 concerns and further restaurant restrictions, Peel said we have some beef demand challenges moving forward.

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

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. Derrell Peel
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • 2020 May End Being a Normal Year For Beef Production Says OSU's Dr. Derrell Peel   Tue, 01 Dec 2020 08:42:29 CST
  • LMA's Chelsea Good Talks About How Auction Markets Have Handled This Challenging Year  Mon, 30 Nov 2020 08:16:29 CST
  • Cattle Producers Have Found Unique Ways to Promote Beef During This Challenging Time  Fri, 27 Nov 2020 08:24:41 CST
  • Greg Hanes, Cattlemen's Beef Board, Says Zoom And Other Technologies Are Helping Them Reach More Consumers  Wed, 25 Nov 2020 08:16:30 CST
  • USMEF's Dan Halstrom Says The Trump Administration Has Been a Good Period For U.S. Meat Exports  Tue, 24 Nov 2020 08:24:30 CST
  • No Surprises in Latest Cattle on Feed Report And OSU's Derrell Peel Says The Market is Leveling Out  Mon, 23 Nov 2020 07:31:31 CST
  • U.S. Meat Export Glass is Half Full But It's Filling Up Fast Says USMEF's Dan Halstrom  Fri, 20 Nov 2020 08:25:34 CST
  • October Ice Storm Dramatically Impacted Cattle Markets Says OSU's Derrell Peel  Thu, 19 Nov 2020 08:29:20 CST
  • Slow Pace of U.S. Beef Exports a Concern, Says Market Analyst Katelyn McCullock  Wed, 18 Nov 2020 08:39:32 CST
  • Katelyn McCullock, Livestock Marketing Information Center, Talks About Holiday Beef Demand During The Pandemic  Tue, 17 Nov 2020 08:34:42 CST
  • Simmental Among The Breeds to be Shown At Cattlemen's Congress in Oklahoma City in January  Mon, 16 Nov 2020 08:11:49 CST
  •   Mon, 16 Nov 2020 07:22:43 CST
  • Market Analyst Corbitt Wall Makes The Case For Cattle Producers and Beef Packers Are Not in The Same Business  Fri, 13 Nov 2020 09:02:10 CST
  • NCBA's Ethan Lane Reviews Election Results  Thu, 12 Nov 2020 08:20:33 CST
  • The Certified Angus Beef Brand Remains Focused on Providing Quallity to Consumers and Profitability to Producers  Wed, 11 Nov 2020 09:23:13 CST

  •  

    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.