Oklahoma's Latest Farm
And Ranch News
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Slaughter Cattle and Ground Beef Market Soars |
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.” Today, Dr. Peel talks about slaughter cattle and ground beef prices.
Slaughter cow prices continue to move higher with declining cow inventories and reduced cow slaughter. Boning cow prices in Oklahoma auctions averaged $118.54/cwt. (average dressing) for the week ending March 8, 2024 (Figure 1). Slaughter cow prices for the week ranged from $126.87/cwt. for high dressing breaking cows to $99.13/cwt. for low dressing lean cows.
Slaughter cow and wholesale ground beef prices are expected to move higher in the coming months. Net cow culling (beef and dairy) decreased to 17.2 percent in 2023 from the cyclical peak of 17.8 percent in 2022. However, during the last herd expansion, net cow culling decreased to a low of 13.3 percent in 2015. Without herd rebuilding, cow slaughter will decrease in 2024 simply because cow inventories are smaller; if herd rebuilding begins in earnest in 2024, cow slaughter will decrease more sharply.
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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
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Podcasts From Oklahoma Farm Report and More | |
Two of our regular reports are also podcasts that you can subscribe to- Our daily Farm and Ranch News with KC Sheperd- available here on the Apple Podcast Platform
The second is our daily Beef Buzz with Ron Hays- available here on the Apple Podcast Platform
Periodically- we offer interviews on our Ag Perspectives Podcast series- this podcast is available here.
Ron has also has a series of podcasts from interviews with newsmakers at the Cattlemen's Congress- Click here or you can find them on your favorite Podcast platform- look for them by searching for Cattlemen's Congress Conversations.
We are making plans to jump back into regular installments of what has been called the Road to Rural Prosperity- a new name and fresh content is in the works- for now- click on the blue button below for one of our favorites that is a timeless classic.
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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, the Oklahoma Cattlemens Association, Invenergy Oklahoma and KIS Futures for their support of our daily Farm News Update.
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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
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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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