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

  • To Sell or Not to Sell? Kim Anderson Answers All Your Wheat Harvest Questions - This Week on SUNUP  Thu, 22 Jun 2017 15:52:01 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Thursday, June 22, 2017  Thu, 22 Jun 2017 14:24:51 CDT
  • Thursday Market Wrap-Up with Justin Lewis  Thu, 22 Jun 2017 14:19:47 CDT
  • Thursday Afternoon Market Wrap-Up with Carson Horn   Thu, 22 Jun 2017 14:13:10 CDT
  • Tropical Storm Cindy Heads for the Northeast with Her Rain in Tow, Weekend Cold Front Our Nearest Hope  Thu, 22 Jun 2017 14:58:02 CDT
  • University Leaders Testify Before House Ag Committee on Government's Investment in Agricultural Research  Thu, 22 Jun 2017 12:22:14 CDT
  • Rancher Irv Petsch is Doing His Part to Keep US Beef on Both the Minds and Tables of the Japanese  Thu, 22 Jun 2017 12:18:32 CDT
  • Carnegie Co-op Breaks Ground on State-of-the-Art Cotton Gin Facility Amid Cotton’s Rise in Oklahoma  Thu, 22 Jun 2017 12:01:46 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2017 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI