Agricultural News
Steady to Higher Cattle Prices Help Bolster Feelings About 2010 Outlook
Fri, 15 Jan 2010 5:58:35 CST
Cattle prices have started 2010 with a rally, with slaughter cattle prices priced from $85.00 to $85.50 with good volume on Tuesday and Wednesday of this week, while both yearling and calf prices at auction barns in the region have been trending higher in the first two weeks of trade for the new year. For example, the OKC West in El Reno market this week say yearling prices one to three dollars higher than a week earlier, while calf prices jumped $3 to $5 up. Demand was called good for all classes.
On today's Beef Buzz, we talk about this price strength with OSU Livestock Market Economist Dr. Derrell Peel. Dr. Peel sorts out these early 2010 price trends for us, as well as talks with us about whether feedlots are at profitable levels in the mid 80s for cattle ready for slaughter.
We will continue our look at the cattle markets, feed grain factors, beef demand and more early next week in additional segments with Derrell on our Beef Buzz programs.
The Beef Buzz is a regular feature heard on radio stations around the state on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the listen bar below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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