Oklahoma's Latest Farm
And Ranch News
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Derrell Peel says No Herd Rebuilding in Sight |
Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry as part of the weekly series known as the “Cow Calf Corner” published electronically by Dr. Peel and Mark Johnson. Today, Dr. Peel talks about rebuilding the cow herd.
The July Cattle report showed that the U.S. beef cow herd continued to decline through the first half of the year. The July 1 beef cow inventory was 29.4 million head, down 2.6 percent year over year. This is the fifth year of smaller beef cow inventories since the 2018 cyclical peak, with the beef cow herd down 3.0 million head, a five-year decrease of 9.3 percent. The smaller beef cow herd is part of a general decrease in all cattle numbers in the U.S.
The total inventory of all cattle and calves in this report was 95.9 million head, down 2.7 percent year over year. The total inventory of heifers was down 3.8 percent from last year with decreases of 2.4 and 2.7 percent for beef and dairy replacement heifers, along with a 5.2 percent decline in the inventory of other heifers. The inventory of steers over 500 pounds was down 3.5 percent year over year and the inventory of calves under 500 pounds was down 2.6 percent from one year ago. The bull inventory was down 5.0 percent year over year. Total cattle in feedlots on July 1 was 13.1 million head, down 2.2 percent year over year. The calculated supply of feeder cattle (other heifers + steers + calves – cattle on feed) based on this report is 34.4 million head, 3.6 percent smaller than last year. The report pegged the 2023 calf crop at 33.8 million head, down 1.9 percent year over year. The dairy cow inventory, at 9.4 million head, was unchanged from last year and was the only inventory category in the report not showing a year-over-year decrease.
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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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Sponsor Spotlight
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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.
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Since the legalization of Medical Marijuana in Oklahoma with State Question 788- criminals have flocked to the state to set up illegal grow houses because of cheap permits, cheap land and lax rules allowing them to get into the business of growing marijuana in Oklahoma- supposedly for the in state Medical Marijuana market.
Ron Hays talks with Oklahoma Bureau of Narcotics spokesman Mark Woodward about how these enterprises have invaded Oklahoma- the magnitude of the current problem and how the state is pushing back on thousands of bad people who have set up shop in the state- with the hope to reduce the number of these operations dramatically in the days to come. It's a huge problem all across rural Oklahoma but Woodward believes progress is being made to reign in these illegal marijuana farms.
Search for Road to Rural Prosperity and subscribe on your favorite Podcast platform.
To hear this podcast, you can click here or tap below:
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God Bless!
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Tim West
President/General Manager
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Radio Oklahoma Ag Network
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