Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
   
   
   
   
   
   
   

Agricultural News


From the Cattlefax Market Outlook Seminar- Beef Demand & the Economy

Thu, 29 Jan 2009 12:57:51 CST

From the Cattlefax Market Outlook Seminar- Beef Demand & the Economy Cattlefax Economist Mike Miller says that he thinks he got the "short straw" as he had to paint the economic picture at the 2009 Cattlefax Market Outlook Seminar that is always a highlight of the Cattle Industry Convention. In 2009, it was another Standing Room Only crowd that listened to Mike Miller discussed the Economy and Beef Demand.

Miller contends the current economic mess is very much a global problem, based on the stock market averages around the world. He contends that as traders looked for places to put money to try to make a fast buck, they turned to commodities and investors ended up turning cattle futures into a stock.

As a result, Mike Miller says that when we have a good week working in the stock market- we will see at least steady money and in some cases higher prices for cattle ready for harvest. But, when it has been a bad week in the stock market, cattle prices face extra pressure and usually go lower.

In regards to beef demand- 2008 was a tough year, 2008 versus 2007 found the beef cuts from the chuck up 14% on the beef demand index, the Round up 9% while rib meat was down 4% and loin cuts was down 14% from one year ago.

For 2009- Miller says Cattlefax hopes that the we see just a modest decline in beef demand. They anticipate the beef demand index to drop by 4% in 2009.

To hear Mike Miller's full presentation on beef demand and the economy for 2009- click on the Listen Bar below.


   

   

 

Mike Miller Presents the Beef Demand and Economic Outlook at the Cattlefax Outlook Seminar in Phoenix
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Slaughter Cows 2.00-3.00 Higher, Slaughter Bulls 2.00-4.00 Higher Compared to Last Week at OKC West  Mon, 22 Apr 2019 20:11:42 CDT
  • Slaughter Cows 2.00-3.00 Higher, Slaughter Bulls 2.00-4.00 Higher Compared to Last Week at OKC West  Mon, 22 Apr 2019 20:10:13 CDT
  • 2019 Winter Wheat Quality a Stark Comparison Against Last Year's Crop, Plus Bean Planting Begins  Mon, 22 Apr 2019 17:10:32 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Monday, April 22, 2019  Mon, 22 Apr 2019 14:42:10 CDT
  • Monday Market Wrap-Up with Justin Lewis  Mon, 22 Apr 2019 14:40:02 CDT
  • Monday Afternoon Market Wrap-Up with Carson Horn  Mon, 22 Apr 2019 14:10:03 CDT
  • Ag, Natural Resources Groups Support Multi-Stakeholder Proposal to Manage Wild Horses, Burros  Mon, 22 Apr 2019 13:01:36 CDT
  • American Farm Bureau Leads 135 Farm Groups in Asking President Trump, Congress to Give Farmers Disaster Relief  Mon, 22 Apr 2019 12:53:25 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.