Oklahoma's Latest Farm
And Ranch News
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Dr. Derrell Peel says Declining Beef Production Pushes Prices Higher |
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 how declining beef production is affecting prices.
Strong seasonal demand and recent decreases in beef production have pushed beef prices sharply higher recently. The last week in May, Choice boxed beef price was $364.92/cwt., up 16.5 percent year over year and has increased 7.7 percent in just the last seven weeks (Figure 1). Cutout values typically increase to a seasonal peak in May, but the increase this year has been more pronounced than usual, owing to generally strong beef demand and recently declining beef production. The increase in boxed beef cutout values from March to May has been roughly twice the normal seasonal increase over this period.
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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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| 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 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 Wheat Commission, Oklahoma AgCredit, the Oklahoma Cattlemens Association, and KIS Futures for their support of our daily Farm News Update.
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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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