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


Ugly Cattle Markets That Could Get Uglier- Jim MIntert of K-State at the Cattle Industry Convention

Fri, 30 Jan 2009 13:51:46 CST

It's an ugly cattle market and could get uglier in the days to come- so says Kansas State University Extension Livestock Market Economist Dr. Jim Mintert, who spoke to producers here in Phoenix at the Cattle Industry Convention.

Mintert says that he agrees with other analysts who point to one of the factors in falling cattle prices in recent months being the so called "drop credit." He is dubious about any significant recovery in the drop credit quickly, especially with the depressed state of the auto industry taking away a major market for leather that is used for car seats.

Mintert says for cow-calf and stocker operators that falling prices the balance of 2009 is a very real possibility with the huge losses that cattle feedlots are suffering for their closeouts of pens of cattle that are being sold right now in the low 80s. Here at the Cattle Industry Convention- we have heard operators that had risk management in place brag about losing only $75 or $80 per head- while others with less of a safety net admitting they had closeouts with losses at or slightly above $300 per head, at the worst.

Mintert says with those losses and the draining of equity that is a reality for the feedlots- something will have to give fairly soon- either higher cash cattle prices or cheaper price levels for feedlot ready cattle.

Click on the listen bar below to listen to our "market" conversation with Dr. Jim Mintert.


   

 

Ron Hays talks with Jim Mintert about the cattle markets
right-click to download mp3

 

WebReadyTM Powered by WireReadyNSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids for Friday afternoon, June 23, 2017  Fri, 23 Jun 2017 15:03:19 CDT
  • Market Analysis with Justin Lewis of KIS Futures for Friday, June 23, 2017  Fri, 23 Jun 2017 15:02:26 CDT
  • Senate Bill Would Shorten Depreciation of Farm Equipment for Farmers on a Permanent Basis  Fri, 23 Jun 2017 14:47:34 CDT
  • Cornbelt Economist Previews the June 30th Quarterly Grain Stocks Report  Fri, 23 Jun 2017 14:38:31 CDT
  • Plains Grains Calls Oklahoma Wheat Harvest Almost Done at 91 Percent Complete- Kansas Now 44% Harvested  Fri, 23 Jun 2017 03:32:13 CDT
  • Fresh Beef From Brazil Into the US Banned by USDA Secretary Sonny Perdue   Fri, 23 Jun 2017 03:22:20 CDT
  • 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

  • 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