Agricultural News
Cattle Market Building Weather Premium Into Prices
Wed, 17 Feb 2010 5:52:38 CST
A weather premium has shown up in our cattle markets last week and thus far this week- and the question is, can it continue? OSU Livestock Market Economist Dr. Derrell Peel says that demand for beef will continue to play a factor in how much "up" is in the cattle market.
The winter weather has resulted in knocking down finished cattle weights by about 25 to 30 pounds per animal in recent days- and cash cattle prices jumped up $2 per hundred because of tighter market ready supplies. Asking prices this week suggest that we could break into the low 90s on cattle headed to the packing plants this week.
On today's Beef Buzz, Dr. Peel talks with us about the current market, as well as an overview of the year ahead. He sees somewhat stronger cattle prices, but the key will be watching your input costs and not allow them to get out of control.
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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