Oklahoma's Latest Farm
And Ranch News
Tuesday, December 6, 2022
Feeder Cattle Markets Jump into December with Derrell Peel
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” published electronically by Dr. Peel and Mark Johnson. Today, Dr. Peel talks about the feeder cattle markets.

Oklahoma feeder cattle auction prices jumped sharply the week after Thanksgiving. Calf prices, in particular, were $10-$15/cwt. higher and all classes were $6-$10 higher after Thanksgiving. Several factors contributed to the strength in feeder prices. Improving Feeder futures prices, a stronger fed cattle market and limited supplies of feeder cattle all combined to push prices higher. 

Oklahoma feeder auction volumes have been smaller five of the past six weeks after being higher year over year all summer and early fall. The volume of feeder cattle in Oklahoma auctions last week was down 19.4 percent compared to the same week last year. In the 16 weeks from July 1 through mid-October, the cumulative extra feeder cattle volume over last year totaled 71.397 head.  Since mid-October, feeder volumes have been bringing the cumulative total since July 1 down to 52,808 head. In other words, the cumulative total of increased early sales of feeder cattle still far exceeds the reduction in the past six weeks. Smaller volumes will likely persist for the rest of the year at least.   

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KC Sheperd talks with three of the country reps that live in Japan and work for US livestock producers in Japan as a part of the US Meat Export Federation team in that important export destination for US Beef and Pork.

KC talked to Takemichi Yamashoji, Director, USMEF Japan; Satoshi Kato, Marketing Director, USMEF Japan and Taz Hijikata, Director, Consumer Affairs, USMEF Japan at the recent USMEF Strategic Planning Conference held in Oklahoma City.

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Tim West
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KC Sheperd
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Ron Hays
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Radio Oklahoma Ag Network

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