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


Cattle Supply Decline to Continue in 2010, According to CattleFax

Sun, 31 Jan 2010 21:46:55 CST

Cattle Supply Decline to Continue in 2010, According to CattleFax Cattle supplies in 2010 should decline another 1 to 1.5 percent in 2010, Randy Blach, Chief Executive Officer for Cattle-Fax, told attendees of the 2010 Cattle Industry Convention in San Antonio, Tex., today. At the same time, beef demand will continue to be impacted by a weak economy and high unemployment.



Nevertheless, 2010 overall “should be a better year for the beef industry,” said Blach, with beef exports expected to rise and fed cattle slaughter totals expected to decrease. “Demand remains the biggest challenge for the beef industry in 2010,” said Blach. “Though the supply situation is very bullish, demand must stabilize in order for prices to turn significantly higher.” We have Blach's wrap up comments to share with you from the 2010 Cattlefax outlook seminar that was held in San Antonio- click on the listen bar below to hear those comments.



Fed cattle slaughter totals are expected to be down 2 percent in 2010, and cow slaughter totals should decline by nearly 9 percent. Average carcass weights are forecast to increase slightly and beef production is projected to be down 2.8 percent. Per capita net beef supplies are expected to be down 4 percent due to an expected increase in beef exports and smaller beef production.



In 2010 U.S. beef exports are forecast to increase to South Korea, and to a lesser extent Japan and Vietnam. U.S. beef exports in 2010 are expected to rise by about 8 percent over 2009.



In terms of feedgrains, total U.S. corn production could decrease, as U.S. corn supplies are record large at an estimated 14.83 billion bushels for the 2009/10 marketing year. U.S. soybean supplies are up over 10 percent compared to last year – the second highest level on record – while soybean acreage is expected to be near 79 million acres.



Spot corn futures prices are forecast to average near $3.75/bu in 2010, near steady with 2009, and the combination of bumper corn and soybean crops, as well as the sharp decline in winter wheat acreage, has lessened the need for an acreage battle this spring.



   


   

 

Here's Randy Blach and his closing remarks from the 2010 Cattlefax Outlook seminar in San Antonio on Friday January 29
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Friday Market Wrap-Up with Justin Lewis  Fri, 22 Jun 2018 14:28:27 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, June 22, 2018  Fri, 22 Jun 2018 14:16:14 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn   Fri, 22 Jun 2018 13:51:59 CDT
  • As Farm Bill Efforts Progress, Rep. Frank Lucas Lays Out the Work Ahead for Congressional Leaders  Fri, 22 Jun 2018 13:20:31 CDT
  • AFR Boasts Record Attendance at Annual Golf Tournament, Generates Thousands for Charity Show  Fri, 22 Jun 2018 12:27:10 CDT
  • BIO Applauds Congressional Action to Reauthorize Funding for USDA's Biotech & Ag Trade Program  Fri, 22 Jun 2018 11:51:24 CDT
  • Zoetis Releases New Advanced Genotyping Platform Developed in Partnership with Angus Genetics  Fri, 22 Jun 2018 11:42:30 CDT
  • Pork Producers Praise House Leaders for Farm Bill's Inclusion of Provisions for an FMD Vaccine Bank  Fri, 22 Jun 2018 11:30:30 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

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.