Agricultural News
Beef Cattle Industry Must Face New Reality Higher Grain Prices
Fri, 14 Jan 2011 4:03:48 CST
The USDA Supply Demand Report of earlier this week confirmed that we have a new reality in grain prices- higher levels than the historically "norms" and with lots of volatility. Dr. Glynn Tonsor of Kansas State University says that producers have to dial in this input at these relatively newer, higher levels. As the cattle market has begun this process- the pounds of gain that can be had by grazing your animals has become more valuable- and that raises the importance of the stocker cattle segment of the beef cattle pipeline.
We discuss that importance on today's Beef Buzz.
In addition, higher cattle prices that have come from the tight inventory in our US cattle herd will, at some point, encourage producers to hold back heifers and keep older cows for an extra cycle or two in order to rebuild the cattle herd. Dr. Tonsor is not certain if we have reached that point or not- but has confidence that the market signals will help work this process out.
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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