Beef Buzz News
In America's Heartland, You Cannot Beat Nebraska Cattle Prices Says Derrell Peel
Wed, 17 Nov 2021 09:46:40 CST
Data is gathered for research in many ways, from surveys, social media and through good, old-fashioned observation. For the past few weeks, Derrell Peel, a livestock marketing specialist at Oklahoma State University, has been traveling around the U.S. looking at feeder cattle markets. Today, he shares his findings.
Listen to Ron's conversation with Dr. Peel here.
“It has been a fascinating last two weeks,” Peel said. “This is part of a bigger project that we are working on, but it has given me the opportunity in the last two weeks to sit at sales.”
Peel said it is normal to visit sale barns this time of year to collect data relative to the Oklahoma Quality Beef Network, documenting the value of preconditioned and value-added programs. This year, the project has expanded a bit, he added.
“We have expanded that this year as part of a broader project,” Peel said. “I have collected data at auctions in Kansas, Nebraska and up in South Dakota as well.”
He said casting a wider net for data has reminded him of the regional differences in the U.S. cattle industry.
“You really start to see and appreciate some of the differences in the cattle industry from south to north,” Peel said. “The type of cattle is different, the way the industry works is a little bit different. Across the board, we are seeing very strong markets.”
According to Peel, feeder cattle markets are moving counter-seasonally higher. For the past month, the industry has seen stronger feeder cattle markets but as the fed-cattle market broke lose in the past week or so, feeder cattle markets are reflecting that even more, Peel said.
An interesting recurrence Peel’s trip has reminded him of is the fact that on average, the highest feeder cattle prices in the country, in any given week, are typically found in Nebraska.
“Prices will be a little bit lower in all directions from the state of Nebraska,” Peel said. “I certainly saw that this past week.
Click on the LISTEN BAR below to hear more from Ron Hays and Dr. Derrell Peel as they talk about Peel’s recent research trip, including some new terminology he picked up, plus the state of wheat pasture conditions in Oklahoma.
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 today’s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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