Oklahoma's Latest Farm
And Ranch News
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Cattle on Feed Surprise- Placements are 12% Lower Than a Year Ago | |
Placements into the nation’s feedlots fell sharply under what the trade was anticipating- with a drop of 12% for placements in the Friday report compared to one year ago.
Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.8 million head on April 1, 2024. The inventory was 1% above April 1, 2023, USDA NASS reported on Friday- the full report available here.
DTN Analyst ShayLe Stewart calls the report a sweet surprise to cattle market watchers. “To break the placement data down more thoroughly, there were exactly 1,746,000 head of feeder cattle placed in March of 2024, which is 12% less than a year ago, and 8% less than a month ago. When comparing Friday’s data to a year ago, there wasn’t one weight division that saw greater placements year over year. When comparing Friday’s data to the placements seen last month, the only weight division that saw greater month-over-month placements was the feeders weighing 1,000 pounds or more. And the only states that saw greater month-over-month placements were Texas (up 3%) and Oklahoma (up 8%), which could be being influenced by feeder cattle imports from Mexico.
Review the Texas and Oklahoma numbers here.
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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
Midwest Farm Shows is proud to produce the two best Farm Shows in the State of Oklahoma annually- the Tulsa Farm Show each December and the Oklahoma City Farm Show each April.
The Tulsa Farm Show is Oklahoma’s premier agricultural and ranching event- and returns to the SageNet Center (Expo Square) December, 6-7-8, 2024.
Now is the ideal time to contact the Midwest Farm Show Office at 507-437-7969 and book space at the 2022 Tulsa Farm Show. To learn more about the Tulsa Farm Show, click here.
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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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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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