Oklahoma's Latest Farm
And Ranch News
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Tuesday, June 18, 2024
It's Primary Election Day in Oklahoma- VOTE!!!!!!!!
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The North American Cattle Trade with Dr. 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 cattle trade in North America.
Canada, Mexico and the U.S. make up the bulk of the North American cattle industry and consists of 116.1 million head, with the U.S. representing 75.1 percent (87.16 million head); Mexico with 15.4 percent (17.8 million head) and Canada with 9.5 percent (11.1 million head). Cattle trade between these three countries is part of the increasingly integrated cattle and beef market on the continent.
Total annual U.S. imports of cattle has averaged 1.93 million head in the past decade with an average of 1.16 million head from Mexico (60.5 percent) and Canada averaging 0.764 million head (39.5 percent). In the first four months of 2024, cattle imports were 762,450 head, up 17.1 percent year over year. Cattle imports from Mexico were up 17.3 percent and imports from Canada were up 16.8 percent over one year ago. Cattle imports from January-April consisted mostly of feeder cattle (69.9 percent) with 90 percent of those from Mexico. Cattle imports from Mexico are almost entirely feeder cattle (99.4 percent), with just a few breeding and slaughter cattle. Feeder cattle make up just 18.9 percent of cattle imports from Canada. In addition, cattle imports from Canada include 60 percent fed cattle for slaughter and 19.6 percent slaughter cows and bulls.
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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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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.
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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