Oklahoma's Latest Farm
And Ranch News
Tuesday, November 22, 2022
Derrell Peel- Cattle Industry Dynamics Finally Lining Up
Mondays, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the “Cow Calf Corner.” Today, Dr. Peel talks about the latest dynamics in the cattle industry.

The latest Cattle on Feed report pegs November 1 feedlot inventory at 11.706 million head, 98.0 percent of last year and the second consecutive monthly year-over-year decrease. The 12-month moving average of feedlot totals, which shows the average feedlot total for the previous year, peaked in September 2022 (Table 1). Feedlot inventories are expected to decrease year over year for the foreseeable future. Table 1 shows how cattle industry dynamics have developed since the last cyclical peak, with peak totals for each category highlighted in yellow. The peak average cow herd and calf crop occurred in 2018 with the peak feeder supply noted on January 1, 2019.

Click here to read Dr. Peel's complete analysis from this week's Cow Calf Corner.

AND- we have day two of our Beef Buzz with Dr. Peel on the latest Cattle on Feed Report- he tells us higher prices are already starting to become reality as beef supplies get tighter- and that is just the beginning of the stronger cattle prices, which he says will really trend up when we finally get the drought past us and are able to restock our beef cow herds- "and we don't know if that will happen in 2023- it depends on the drought conditions- but at some point in time- we are going to take smaller supplies of cattle and smaller beef production and squeeze it even farther because we are going to have to save a lot of heifers for herd rebuilding- we are going to cut cow culling to the bone and we will do the same thing in 2015 when we saw cattle slaughter drop to the lowest levels since 1963 and we will do something similar to that again at some point- probably not in 2023 but I think maybe in 2024 or 2025."

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.
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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 shares the story of Joey Carter, a hard-working farmer who was widely regarded as a model citizen in a rural North Carolina town. Carter is the focus of a movie coming out in October called Hog Farmer- the Trials of Joey Carter.
He was not the type of person who ever expected to find himself caught up in the middle of a federal lawsuit involving some of the nation’s most ruthless trial lawyers and one of the world’s largest food companies.

But that’s exactly what happened when Joey’s family farm became the focal point in a series of nuisance trials that attracted national and international media attention. While his neighbors leveled charges of environmental racism in hopes of winning multi-million-dollar verdicts, Joey was left wondering how this could happen to a man who has always taken pride in playing by the rules.

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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