Oklahoma's Latest Farm
And Ranch News
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Oklahoma Cattle Market Summary with OSU’s Derrell Peel |
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 the Oklahoma cattle market.
The fall calf marketing season is upon us. In most years, this means that auction volumes increase, and prices of calves and stockers decrease to seasonal lows. This year is likely to be different. Current prices for calves are roughly 18 percent higher than March/April prices and heavy feeder cattle prices are higher than spring by over 30 percent. Feeder cattle prices are sharply higher this year compared to one year ago. Feeder steers and heifer prices at Oklahoma auctions are higher by 45 -55 percent compared to the end of September 2022.
Volumes at Oklahoma auctions are down by 9.4 percent in 2023 through the end of September compared to one year ago. That amounts to a reduction in feeder cattle sales of over 95,000 head so far this year. The decrease in auction volumes has been greater in the second half of the year with weekly volumes down by 22.8 percent since the middle of the year. The volume of feeder cattle is expected to be smaller year over year even as seasonal volumes increase in October and November. Though there are no strong, clear indications of heifer retention yet, the percent of heifers in auction volumes has been lower in August and September, about 40 percent, compared to an average of just over 44 percent in the first seven months of the year.
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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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Sponsor Spotlight
The Oklahoma Pork Council, a farmer-led organization, represents the interests of all Oklahoma pig farmers. From large-scale commercial operators to first-time 4-H and FFA exhibitors, we hope every Oklahoman who raises pigs has been positively impacted by our mission.
According to an economic impact study for the National Pork Board:
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Oklahoma’s pork industry supports more than 34,000 jobs throughout the various stages of production. That translates to one in 50 Oklahoma jobs, many in rural communities.
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Oklahoma hog sales generate over $976 million in annual cash receipts. That means pork serves as Oklahoma’s second largest agriculture enterprise after cattle production.
Learn more about the state’s pork industry at the Oklahoma Pork Council by clicking here
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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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Cattle Industry Leader Bob Drake sits down and talks with Ron Hays about his lifetime of service in the cattle business. Drake has served as the President of the Oklahoma Cattlemen's Association, the last President of the old National Cattlemen's Association and Vice President of the Oklahoma Farm Bureau.
He loves politics and being a change agent for the cattle producer back up at the fork of the creek. Drake had a front row seat as the Beef Checkoff was approved by cattle producers and he believes it's way past time to find a way to get a second dollar at the national level.
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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Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Farm Bureau, Oklahoma Ag Mediation Program, Great Plains Kubota, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, Union Mutual Insurance, Oklahoma Pork Council, the Oklahoma Cattlemens Association, and KIS Futures for their support of our daily Farm News Update.
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.
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God Bless!
Reach Out To Us:
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Tim West
President/General Manager
Rural Oklahoma Networks
405-317-6361
***************
Mike Henderson
Director of Sales
405-615-4922
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KC Sheperd
Farm Director
Radio Oklahoma Ag Network
405-443-5717
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Ron Hays
Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network
405.473.6144
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