Oklahoma's Latest Farm
And Ranch News
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Fed Beef Production Steady; Nonfed Beef Production Down in 2024 |
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 beef production.
Total beef production thus far in 2024 is 10.6 billion pounds, down 2.0 percent year over year. This follows a 4.7 percent year over year reduction in beef production in 2023 from record levels in 2022. Cattle slaughter in the first 21 weeks of 2024 is down 4.5 percent year over year but cattle carcass weights have averaged 21.8 pounds higher than last year thus far. Beef production will be down year over year in 2024 but by less than previously forecast. There are also some interesting dynamics across types of beef production.
Steer slaughter is down 2.1 percent in the first 21 weeks of the year compared to one year ago. Heifer slaughter is down 1.6 percent year over year thus far in 2024. Total fed (steer plus heifer) slaughter is down 1.9 percent from last year. However, steer carcass weights have averaged 920 pounds, up 20.4 pounds this year and heifer carcasses are averaging 843 pounds, 15.9 pounds heavier year over year. Carcass weights have not shown the typical seasonal decline in the first half of the year resulting in even greater year over year discrepancies in recent weeks. Weekly data from late May shows steer carcass weights 37 pounds (heifers, 29 pounds) heavier than last year. Total fed beef production for the year to date is 8.92 billion pounds, up 0.2 percent from one year ago. Increased steer and heifer carcass weights are offsetting decreased slaughter to result in a fractional increase in fed beef production for the year to date with significant increases in recent weeks.
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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 2024 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
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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.
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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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