Oklahoma's Latest Farm
And Ranch News
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USDA Prime Eclipses Select |
According to the latest CAB Insider report- The fed cattle market was sharply higher last week with a $4.29/cwt. upward move. This developed as fundamental supply and demand factors regained traction in the weekly spot trade, shrugging off the downward pressure from the broader economy and equity market bearishness dominating the beef market sentiment for the previous two weeks.
In 2006, the low point in modern beef quality grade performance, the fed cattle carcass distribution, consisted of 41% USDA Select and 2% USDA Prime carcasses. Concerning fed steers and heifers, those were the two practical ends of the quality grade spectrum. That trend had, more or less, been the unwavering standard for many previous years. Since then, a stepwise transformation has brought the industry to a new frontier where USDA Choice is the common denominator, Select carcasses are scarce, and Premium Choice branded (CAB®) and Prime are the progressive targets.
In a twist unthinkable just two decades ago, USDA data reveals that the current percentage of Prime carcasses has averaged 11.9%, surpassing Select carcasses that are averaging 11.1%, in each of the last five weeks. The fractional difference between the two numbers is certainly not the point. Since the turn of the 21st century, just 25 short years, the broad view of the beef product offering is one of monumental change in product quality specific to marbling and consumer satisfaction.
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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
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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 John Pfeiffer, Jr, the latest Oklahoma Ag Hall of Fame Inductee.
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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.
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
Executive Director of
Hilliary Media Group
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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