Oklahoma's Latest Farm
And Ranch News
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Tuesday, September 24, 2024 | | | |
Cattle on Feed, Carcass Weights, Cattle Slaughter and Beef Production |
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 offers insights into the latest Cattle On Feed and more:
Dry conditions have continued to delay wheat planting. However, large swaths of the western two-thirds of Oklahoma received some rain in the past few days, supporting more wheat planting. Wheat pasture prospects are delayed, but still possible if planting is completed relatively soon.
The September USDA Cattle on Feed report showed that August placements were 98.6 percent of last year and marketings were 96.4 percent of one year ago. There was one less business day this August, so daily average marketings were actually up fractionally from last year. The September 1 on-feed total was 11.2 million head, 100.6 percent of one year ago. The report was well anticipated and should not cause a market reaction.
Feedlots have maintained inventories slightly higher in the first nine months of 2024, up an average of 0.6 percent compared to one year ago. However, total feedlot placements in the January – August period were down 1.9 percent year over year. The feedlot industry continues to find ways to hold inventory levels despite an ever-smaller feeder cattle supply. Continued heifer feeding is one key to that but increased days on feed is most important this year. The most recent monthly data from the Kansas Focus on Feedlots summary shows average days on feed for steers at 204 days and the current 12 month moving average continues to inch higher at 194 days. Increased days on feed means a slower feedlot turnover rate and helps feedlot maintain the inventory level despite a reduce throughput – feedlot marketings are down 1.0 percent year over year thus far in 2024.
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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
Oklahoma Farm Bureau works to improve the lives of all Oklahomans by supporting our state’s agriculture community. As Oklahoma’s largest general farm organization led by Oklahoma farmers and ranchers, OKFB takes grassroots values and advocates for agriculture at the state Capitol and in Washington, D.C., to ensure our way of life continues for generations to come. Farm Bureau hosts leadership events, supports our state’s agricultural youth and connects consumers with agriculture in order to build a brighter future for our state. Become an OKFB member today online at okfarmbureau.org/join. Together, we are rural Oklahoma.
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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.
The link below is one of our most recent podcasts- Ron spotlighting the Life and Times of Dr. Kim Anderson, who has just retired from OSU.
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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 Wheat Commission, 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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