Oklahoma's Latest Farm
And Ranch News
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Cattle on Feed Falling in Hypercycle |
The cattle market moves in cycles, usually lasting nine to 10 years. The current cycle is already in its 12th year, including its seventh year of contraction, the longest since the1990-2004 cycle. The current feedback loop of high prices and the sale of beef cows for slaughter instead of breeding is creating an unprecedented updraft, leading to record prices and leaving it anyone’s guess when the cycle might return to Earth.
USDA estimated cattle and calves on feed on March 1 at 11.56 million head, down 2% from last year and slightly below average analyst expectations. (The monthly Cattle on Feed report measures cattle on feed in U.S. feedlots with capacity of 1,000 or more head as of the first of the month.)
This was a very bullish report. Placements of cattle into feedlots in February were 1.55 million head, 18% below the same time in 2024 and the lowest number for any month since June 2016. This drop was anticipated after months of elevated placements through 2024. Cattle available to be placed on feed have begun drying up and feedlot inventories have declined since the start of the year. This will lead to fewer fed cattle being available for beef production during the summer months when beef demand is typically the highest (Figure 2). This sharp decline could be the first sign of herd rebuilding and an indication that the current cattle cycle is coming to an end. However, this is not your typical cattle cycle.
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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, Great Plains Kubota, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Stewart Martin Kubota, Oklahoma Pork Council, Oklahoma Wheat Commission, Oklahoma AgCredit, the Oklahoma Cattlemens Association, 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
***************
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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