Feedlot Closeouts Are in the Black- We talk Cash Cattle Markets with Dr. Derrell PeelFri, 16 Jul 2010 21:25:19 CDT
For the second week in a row- cash cattle prices were higher this past week, with sales in the southern plains feedlots hitting $94.00, according to the Daily report issued by the Texas Cattle Feeders Association. That was a $1.50 higher than the $92.50 seen a week earlier. We talk about this bounce higher from the lows we saw in June with Oklahoma State University Extension Livestock Market Specialist Dr. Derrell Peel.
Dr. Peel says that there was a lot of anxiety as we saw cash cattle prices slip from the May highs to the June lows in a rapid march to the downside- the same was true with wholesale beef prices. However, once we stabilized, it seems like there is enough demand to have helped turn our cash cattle prices up and keep them where closeouts allow most feedyards to make some money.
Our comments with Dr. Peel are spotlighted today in our 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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