Agricultural News
OSU's Derrell Peel on Winter Weather and the Cattle Markets
Mon, 15 Feb 2010 4:13:21 CST
Weather has played a role in our ability to move cattle- and that will be impacting market prices here in the short term. We saw that on Friday as tight market ready supplies forced cash cattle prices two dollars higher in the southern plains. The Texas Cattle Feeders Association reported Friday afternoon that feedlots sold over 25,000 from $89 to $89.50- most of those sales at the $89.50 level.
Oklahoma State University Livestock Market Economist Dr. Derrell Peel says that some of the pounds that we have lost because of harsh winter weather conditions in the southern plains is simply gone- we won't recapture it and that will reduce the tonnage produced here in 2010- further tightening the market supply for cattle ready to head to the packing plants.
We talk about that with Dr. Peel- as well as what is going on with weather and our stocker cattle on today's Beef Buzz.
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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