Cattle Markets Behaving Better Than Expected in the Summer of 2010Mon, 02 Aug 2010 4:00:52 CDT
The mid summer cattle market is acting a little better than many market analysts were expecting- including Dr. Jim Robb, formerly with the Livestock Market Information Center and now working with Co-Bank, a part of the Farm Credit System.
Dr. Robb says that supplies have been tight for awhile in both the fed cattle market as well as the calf marketplace- but better beef demand has allowed the price response. Robb also belives that our cattle market has finally readjusted itself to the reality of $3.50 corn versus the old dynamic of $2.50 corn, which is helping bring us to a point of profitability in both the fed and calf markets. In fact, he thinks the feedlots in the southern plains have a chance to be mostly profitable for much of 2010- in contrast to the ocean of red ink the past couple of years.
Jim Robb was the wrapup speaker on Saturday at the 2010 Oklahoma Cattlemen's Association Convention and Trade Show in Midwest City, Oklahoma- and as he was getting ready to speak to the OCA, we sat down with him and talked about the markets and the general mood of the cattle industry at this time. Today's Beef Buzz is the first part of that conversation.
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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