Oklahoma's Latest Farm
And Ranch News
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Feedlot Inventories Behind Last Year | |
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 latest Cattle on Feed report.
The latest USDA Cattle on Feed report pegged May 1 feedlot inventories at 11.554 million head, down 0.9 percent from one year ago. This is the first year over year decrease in feedlot inventories in eight months (Figure 1). Feedlots typically see a consistent seasonal pattern in inventories with peaks in the November to February period and summer lows in July-September. The average seasonal decrease from peak to trough has averaged just under 900,000 head in the past five years. The May 1 inventory is down 462,000 head from the recent December 2023 peak. Feedlot inventories are expected to decrease seasonally for another three months or so, but the more important question may be the extent to which feedlot inventories will increase for the next seasonal peak.
The top four cattle feeding states all have May 1 inventories lower year over year. Texas has the largest inventory at 2.77 million head, down 0.7 percent from last year. Nebraska is number two with an inventory of 2.51 million, down 1.2 percent year over year. Kansas is the third largest cattle feeding state with a May 1 inventory of 2.30 million head, down 5.7 percent from one year ago. Colorado is number four with 0.950 million head, down 3.1 percent year over year. The top four feedlot states represent 73.8 percent of total inventories in feedlots with 1000 head or more of capacity. Other cattle feeding states, in descending order, include Iowa, California, Idaho, Oklahoma, Arizona, South Dakota, and Washington.
Listen to Dr. Peel talk with Ron Hays about this latest Cattle on Feed Report on the Monday Beef Buzz episode from earlier in the week- CLICK 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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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 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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