Agricultural News
Work on Being a Low Cost Producer in 2010- the Best Advice to be Profitable in the Coming Year
Wed, 20 Jan 2010 5:39:25 CST
Better cattle prices are likely in 2010 for cattle prices- as compared to what the market offered in 2009- so says OSU Livestock Market Economist Dr. Derrell Peel. As we wrap up our conversation with Dr. Peel, we ask him about what strategy cow calf and stocker producers need to be following.
For Cow- Calf producers, Peel says that while we will probably get more money for our calves- an improvement in the economy may heat up the cost of things that ranchers need to get operating- so he says that it will be very important to watch costs to make sure they don't eat away higher returns as the year unfolds.
For Stocker operators, Peel believes the key is to stay "flexible" in your business plan. And, of course, you have to buy any stockers purchased at the right price. Paying too much for calves you place on pasture will end up being a very costly mistake if the market zigs when you expected it to "zag."
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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