Oklahoma's Latest Farm
And Ranch News
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Tuesday, December 17, 2024 | | | |
Dr. Derrell Peel Discusses Strong Feeder Markets Encouraging More Selling |
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, Mark Johnson, and Paul Beck. Today, Dr. Peel discusses strong feeder markets encouraging more selling.
Oklahoma combined feeder auction prices spiked to record levels the week after Thanksgiving, especially for the lightweight calves and stockers. The price of 500-pound, Med/Large, No. 1 steers was $360.99/cwt., a new record price. Lightweight feeder prices dropped back the second week of December with the 500-pound steers posting the third-highest weekly price of the year of $342.57/cwt. just slightly below the spring price peak of $349.43/cwt. in March. The bigger feeder cattle prices have continued to grind higher. The price of 800-pound Med/Large, No. 1 steers in Oklahoma was $260.58/cwt. in mid-December, pennies higher than the previous record weekly price at the end of June.
The red-hot feeder cattle market in December has prompted strong feeder cattle sales to end the year. At the end of August, year-to-date Oklahoma feeder cattle auction volumes were down over 102,000 head from last year, a decrease of 12.5 percent year over year. However, dry conditions prompted more feeder sales with year-over-year larger weekly volumes for nine consecutive weeks in September and October. By the beginning of November, year-to-date feeder auctions totals were down just over 50,000 head year over year, 5.0 percent less than one year earlier.
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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
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National also owns and operates other livestock marketing subsidiaries including Southern Oklahoma Livestock Auction in Ada, Oklahoma, OKC West Livestock Market in El Reno, Oklahoma, and the nation’s premier livestock video sale, Superior Livestock Auction. National offers customers many services custom made for today’s producer. To learn more, click here for the website or call the Oklahoma City office at 1-800-310-0220.
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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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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.
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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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