Oklahoma's Latest Farm
And Ranch News
Thursday, December 15, 2022
CAB INSIDER: Rib and Tenderloin Defy Gravity
Fed cattle prices found a stable range in the past three weeks after making the $3/cwt. upward leap the week of Thanksgiving. Last week’s negotiated cash trade was on a smaller weekly head count and packers kept a lid on the upward price momentum. The weekly average of $155.65/cwt. was 65-cents under the prior week, which was the highest price realized in 2022.
    
Higher trending fed cattle values this year have culminated in the latest 10.6% year-over-year increase in fed cattle cost to packers. At the same time the comprehensive carcass cutout is 9% cheaper than a year ago. Analysts currently estimate packer margins at a loss in a range from $73/cwt. to $115/cwt. These estimates are based on cash spot market values and don’t account for risk management postions or contracts.

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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is a big reason why Oklahoma is on track to become a top 10 state. 

The Road to Rural Prosperity dives into these stories, bringing you stories covering rural life, agriculture, energy, healthcare, tourism, and politics affecting rural America. 

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KC Sheperd talks with three of the country reps that live in Japan and work for US livestock producers in Japan as a part of the US Meat Export Federation team in that important export destination for US Beef and Pork.

KC talked to Takemichi Yamashoji, Director, USMEF Japan; Satoshi Kato, Marketing Director, USMEF Japan and Taz Hijikata, Director, Consumer Affairs, USMEF Japan at the recent USMEF Strategic Planning Conference held in Oklahoma City.

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Reach Out To Us:
Tim West
President/General Manager
Rural Oklahoma Networks

405-317-6361

***************

Mike Henderson
Director of Sales

405-615-4922

KC Sheperd
Farm Director
Radio Oklahoma Ag Network

405-443-5717
Ron Hays
Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network

405.473.6144