Agricultural News
Beef Cattle Producers Relish Idea of Ample Feed Grain Supplies in the Months Ahead
Sun, 17 Jan 2010 15:06:39 CST
Last week's USDA prediction of a record sized 2009 US corn crop is welcome news for the US cattle industry, as it suggests relatively cheap prices for feed grains for much of 2010 for feed rations.
OSU Livestock Market Economixt Dr. Derrell Peel says that with many bushels of the 2009 corn crop still out in the field, the final number is still not a certainty, so there are still a few unknowns in the feed grain equation. Dr. Peel does say that there seems to be developing almost a two tiered corn market this year, with the higher quality corn going to industrial and ethanol needs, while a somewhat lesser quality of corn will likely be used by the cattle industry, at a discounted price.
We also discussed about current supplies of pork and beef as we enter 2010- and Derrell Peel says that we have done a good job of pulling back supplies- and now we have to wait on demand to kick back in as the general economy recovers and consumers get in the mood to spend more on their food purchases.
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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