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


OSU's Derrell Peel says Tighter Cattle Numbers Going Forward are Inevitable at This Point

Mon, 25 Jul 2022 09:09:45 CDT

OSU's Derrell Peel says Tighter Cattle Numbers Going Forward are Inevitable at This Point Senior Farm and Ranch Broadcaster, Ron Hays caught up with OSU extension livestock economist, Derrell Peel on Friday afternoon after the USDA’s mid-year cattle inventory report was released. Peel reflects on the report and talks about what the next few months might look like for the cattle industry.

“This report, of course, gives us a national snapshot of the broader industry in total,” Peel said. “The all cattle and calves inventory was down 2 percent from a year ago.”

One of the things that stood out the most, Peel said, was that the beef cow number was down a full 3 percent, which was bigger than most expectations.

“That puts the cow herd down on a numbers basis of 950,000 head less than a year ago,” Peel said. “The beef replacement heifers also were down 3.5 percent.”

Beef replacement heifers being down, Peel said, means that producers have gotten rid of many cows and don’t have many heifers to work with.

“On the dairy side, the dairy cattle inventory was down just slightly at .5 percent,” Peel said. “But the dairy replacement heifers were down 6.3 percent. So, on the dairy side, they apparently are not holding heifers in anticipation of building numbers either.”

Looking at other categories such as other heifers or steers over 500 pounds and calves under 500 pounds, Peel said if you add all of those up and subtract the feedlot inventory, what is left is the estimated feeder supply. The feeder supply, he added, is down sharply from a year ago.

“We are going to see tighter cattle numbers going forward- that is inevitable at this point in the cow herd- the breeding herd if you will, is getting smaller,” Peel said. “The pre-report estimates for this, on average, did not have the beef cow herd down quite this much, and so I think this comes in to emphasize that we have already liquidated more cows.”

Peel said he thinks we will see the beef cow herd down a million head or more.

“It could be 1.1-1.2 million head by the time we get to January 1,” Peel said. “That is a big decrease. We are down about 1.5 or 1.6 million head in total from the peak in 2019.”

Coming into 2022, Peel said we were down 1.6 million head in beef cows. That number has probably gone down by another million or more going into 2023, he added.

For producers who are trying to decide what to do as far as cutting some of the cows from the herd, Peel said these are extremely tough and emotional decisions.

“I think there is a couple of things you have to keep in mind,” Peel said. “One is that at this point in time, you have to be sort of realistic that even if we get some rain here in the last part of the summer, how much forage are we really going to grow.”

Peel said we will grow some forage, but we aren’t going to make up for the loss of pasture and hay we have endured so far.

“That is the basis that you make those decisions on, and then when it comes to culling decisions on a herd-by-herd basis, you kind of work from both ends of the herd,” Peel said. “Obviously, if you’ve got old cows, you cull them sooner rather than later, and maybe some of the older cows that wouldn’t necessarily have to be culled but they are marginal and maybe they are next in line for culling.”

If a producer can’t keep all the cows they have, Peel recommends not keeping as many replacement heifers.

“You don’t have the feed to develop them properly anyways,” Peel said.

The last resort would be culling the proven cows with several years of productivity left, Peel said, but mainly producers need to focus on putting themselves in a position to be able to rebuild afterward when conditions improve.


To view the USDA’s Mid-Year Cattle Inventory Report Released Friday, July 22, Click Here.


Click the LISTEN BAR below to hear more from Ron Hays and Derrell Peel reacting to the USDA’s Mid -Year Cattle Inventory Report.

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.


   


   

Ron Hays Beef Buzzes with Derrell Peel on USDA's Mid-Year Cattle Inventory Report
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Factors to Consider When Planning for Drought with Dr. Laura Goodman  Wed, 10 Aug 2022 10:14:29 CDT
  • OSU's Dr. Laura Goodman Provides Strategy for Optimizing Forage Growth in Dry Conditions  Tue, 09 Aug 2022 09:07:33 CDT
  • OCA's Michael Kelsey says 2023 Farm Bill was Focus of NCBA Summer Business Meeting in Reno  Mon, 08 Aug 2022 09:33:22 CDT
  • OCA's Michael Kelsey says 2023 Farm Bill was the Main Focus of NCBA Summer Business Meeting in  Mon, 08 Aug 2022 09:29:58 CDT
  • OCA's Michael Kelsey Talks Key Policy After OCA Convention   Fri, 05 Aug 2022 09:20:39 CDT
  • Upcoming OCA Ranch Rodeo to Support Children's Miracle Network   Thu, 04 Aug 2022 08:10:14 CDT
  • Tyler Cozzins says Inflation Environment May Be a Headwind for Beef Demand in the Future  Wed, 03 Aug 2022 08:00:35 CDT
  • Jennifer Nealson Working to Increase Effectiveness of Beef Checkoff Dollars   Wed, 03 Aug 2022 05:29:27 CDT
  • Beef Checkoff Focusses on Increasing Brand Awareness for Beef in Second Half of 2022  Mon, 01 Aug 2022 09:58:29 CDT
  • NCBA's Allison Rivera Shares Cattle Industry Priority List for 2023 Farm Bill   Fri, 29 Jul 2022 09:23:34 CDT
  • Reauthorization of LMR Remains a Top Priority for NCBA  Thu, 28 Jul 2022 16:59:28 CDT
  • NCBA Emphasizes Importance of Risk Management for Producers in 2023 Farm Bill  Wed, 27 Jul 2022 10:01:49 CDT
  • Light Weight Placements a Prominent Part of Latest Cattle on Feed Report  Tue, 26 Jul 2022 09:30:44 CDT
  • OSU's Derrell Peel says Tighter Cattle Numbers Going Forward are Inevitable at This Point  Mon, 25 Jul 2022 09:09:47 CDT
  • As Supplies Tighten, Lance Zimmerman sees Beef Cattle Supply Chain Increasing to Some Degree in the Next Year  Fri, 22 Jul 2022 08:07:07 CDT
  • Lance Zimmerman Projects Drought will Influence Cow Numbers into Next Year  Thu, 21 Jul 2022 11:44:58 CDT
  • Research from CSU and AHA will Allow Cattle Producers using Hereford Genetics the Opportunity to be More Sustainable   Wed, 20 Jul 2022 09:26:24 CDT
  • Colorado State University and American Hereford Association Working Together to Ensure Sustainable Food Supply  Tue, 19 Jul 2022 14:02:05 CDT
  • Preserving the Foundation of the Ranching Enterprise Through Culling with OSU's Dave Lalman  Mon, 18 Jul 2022 10:53:21 CDT
  • OCA's Michael Kelsey says Congressional Forums Hosted at Upcoming Convention will Showcase Critical Issues  Fri, 15 Jul 2022 09:55:04 CDT
  • Exceptional Educational Opportunities Planned for 2022 OCA Convention and Trade Show  Thu, 14 Jul 2022 09:35:37 CDT
  • Dr. Glenn Tonsor Projects a $300 Swing from Losses to Gains for Remainder of 2022 for Feedlots   Wed, 13 Jul 2022 11:12:12 CDT
  • NCBA Focuses on More Opportunities for Trade Agreements in Beef Export Market  Tue, 12 Jul 2022 10:08:58 CDT
  • NCBA's Kent Bacus says the Loss of Prime Minister Abe is a Great Loss for the World  Mon, 11 Jul 2022 12:15:05 CDT
  • Many Moving Parts Will Influence Beef Demand for Remainder of 2022  Thu, 07 Jul 2022 09:07:18 CDT
  • Derrell Peel Foresees a Decrease in Beef Production for Remainder of 2022  Wed, 06 Jul 2022 19:36:25 CDT
  • Cattlemen's Congress Reaching Out to Commercial Cattlemen in Year Three- and International Guests as Well  Tue, 05 Jul 2022 11:14:19 CDT
  • Born Out of the Pandemic- Cattlemen's Congress Getting Ready for Year Three  Fri, 01 Jul 2022 10:26:41 CDT
  • Telling the Story of Animal Agriculture with Hannah Thompson Weeman  Thu, 30 Jun 2022 09:16:53 CDT
  • NCBA's Ethan Lane says the Price Discovery and Transparency Act Passing Committee was the Easy Part  Wed, 29 Jun 2022 11:25:56 CDT
  • Katelyn McCullock with LMIC says Interesting Summer Ahead from a Meat Case Perspective  Tue, 28 Jun 2022 09:38:57 CDT
  • Ag Groups Argue About Harm to Animal Ag by California's Prop 12  Mon, 27 Jun 2022 11:31:46 CDT
  • NCBA's Ethan Lane Voices Concerns with the Cattle Price Discovery and Transparency Act of 2022  Fri, 24 Jun 2022 08:57:35 CDT
  • Cattle Price Discovery and Transparency Act of 2022 Passes with Objections  Thu, 23 Jun 2022 13:14:46 CDT
  • Notable Increase in the Cost of Gain in Feedlots for 2022 says Dr. Glynn Tonsor  Wed, 22 Jun 2022 16:13:24 CDT

  •  

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       

       

    Search OklahomaFarmReport.com

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.