Oklahoma's Latest Farm
And Ranch News
Thursday, December 22, 2022
Derrell Peel Sees Feeder Markets Finishing 2022 Strong
Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, on a weekly basis- offers his economic analysis of the beef cattle industry . Today, Dr. Peel talks about the feeder cattle markets.

Feeder cattle auctions in Oklahoma are winding down for 2022, with many auctions closed for the remainder of December. USDA-AMS issued the final Oklahoma weekly auction summary for the year this past week. In general, feeder cattle markets are finishing 2022 strong with momentum going into the new year.

Oklahoma remains in significant drought with the latest Drought Monitor showing that over 98 percent of the state is abnormally dry (D0) or in some stage of drought (D1-D4). The drought caused significant changes in the timing of feeder cattle marketings in Oklahoma in the second half of the year.  

Weekly volumes were larger year over year from July through mid-October and have been mostly smaller since. From July to mid-October, the cumulative additional weekly feeder volume was up an average of 18 percent, totaling over 71,000 additional head of feeder cattle marketed in auctions during this period. The year over year decreases since mid-October have reduced the cumulative total by about half, meaning that the total feeder cattle auction volume in the second half of 2022 is up over 35,000 head at the end of the year, with all of that increase occurring prior to mid-October. Smaller auction volumes since mid-October are no doubt contributing to the strong feeder prices at the end of the year.

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

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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
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