Oklahoma's Latest Farm
And Ranch News
Tuesday, June 28, 2022
Smaller Feedlot Numbers Ahead says OSU's Derrell Peel
Weekly, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. Today, Dr. Peel talks about feedlot numbers.

The latest USDA Cattle on Feed report showed June feedlot inventories of 11.846 million head, 101.2 percent of one year ago. This is a record level of June feedlot cattle since the data series began in 1996. Among the leading cattle feeding states, number one Texas is up three percent year over year with number two Nebraska up four percent year over year. Number three Kansas is down one percent from last year while number four Colorado is up one percent year over year. These four states represent 76.4 percent of total feedlot inventories. Feedlot numbers are declining seasonally with the June 1 level down for the fourth consecutive month from the February all-time record feedlot inventory of 12.199 million head.

It is reasonable to ponder why feedlots have maintained record inventories in 2022 despite the decline in overall cattle numbers since 2019. The largest calf crop of this cattle cycle was in 2018 and has decreased from a peak annual production of 36.3 million head in 2018 to 35.1 million head in 2021. In general, it would be expected that feeder supplies would have peaked in 2019 and feedlot production in 2020. Delays due to the pandemic in 2020 pushed some feedlot production into 2021.

We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Ag Network weekdays-

if you missed this morning's Farm News - or you are in an area where you can't hear it- click below for this morning's Farm news from Ron Hays and KC Sheperd on RON.
Sponsor Spotlight

Dating back to 1891, Stillwater Milling Company has been supplying ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A & M Feeds can be delivered direct to your farm, found at their Agri-Center stores in Stillwater, Davis, Claremore and Perry or at more than 125 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling Company’s long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.
Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is a big reason why Oklahoma is on track to become a top 10 state. 

The Road to Rural Prosperity dives into these stories, bringing you stories covering rural life, agriculture, energy, healthcare, tourism, and politics affecting rural America. 

The Road to Rural Prosperity is here to tell stories about rural America, for rural America.

KC Sheperd visits with Dakota Moss of Livestock Risk Services. When the pandemic hit in 2020 the cattle markets along with the rest of the world suffered. Many farmers and ranchers altered their marketing plans on crops and livestock to try and prevent a loss in the down Covid markets. This led to cattle being held months longer than planned hoping for a better market. Unfortunately for many farmers and ranchers they had no choice but to sell much heavier cattle into a down market. Resulting in a lower $/cwt price and profits lost. Sheperd and Moss discuss some alternative options for producers with the Livestock Risk Protection program.

Search for Road to Rural Prosperity and subscribe on your favorite Podcast platform.

To hear this podcast, you can click here or tap below:

For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- at NO Charge!

We also appreciate our Market Links Sponsor - OKC West Livestock! 

We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
God Bless!
Reach Out To Us:
Tim West
President/General Manager
Rural Oklahoma Networks



Mike Henderson
Director of Sales


KC Sheperd
Farm Director
Radio Oklahoma Ag Network

Ron Hays
Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network