Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
    
   
   
   
   

Agricultural News


Talking Cattle on Feed and Feedlot Profitability on Today's Beef Buzz

Thu, 20 Jan 2011 5:53:22 CST

Talking Cattle on Feed and Feedlot Profitability on Today's Beef Buzz


The January first Cattle on Feed Report will continue to show larger placements into feedlots compared to one year ago- at least that seems to be the concensus of several analysts we have heard from in advance of the Friday report.


One of those cattle market watchers is Rich Nelson of Allendale. He offers the following thoughts about this Friday's report. "December Placements are expected to be 2.8% larger than last year. This represents five months in a row of higher placements. The industry knows Placement levels will switch to below last year levels soon. The only argument is in which month that change happens. Availability of calves and feeders is a problem and it will get even worse. March corn futures averaged 566 1/4 in November and rose over 25 cents to 592 in December. Cattle placed in December will be marketed from May through September."



Allendale anticipates a Marketing total 2.9% larger than December of 2009. That comes after a 5.1% adjustment lower due to one less weekday and one more Saturday than last year. Weekly slaughters will remain larger than last year through spring then will move to even with 2010 by summer. After summer, slaughters will clearly be below previous year. Rich Nelson concludes that total Cattle on Feed as of January 1 will be 3.0% larger than last year.


Another opinion that tracks along with this sentiment comes from Jim Robb of the Livestock Market Information Center out of Denver. On today's Beef Buzz, we hear his thoughts on the Cattle on Feed report- as well as get details of a report that the LMIC has released on the profitability of the feedlot industry in calendar year 2010. Robb says that for 2010- feedlots made money much of the year- but that it got tougher as the year went along and that if you had not priced feed grains ahead for the end of the year- a strict cash in and cash out look at animals sold in December showed them in the red. For those that locked in their feed grain costs from earlier in the year- those losses turned into gains.


Robb sees profits for the first quarter of the year in the feedlot business- but adds it will be more difficult to see black ink after that.


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.



   
   

Ron Hays Beef Buzzes with Jim Robb of the LMIC
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • OSU's Amy Hagerman On the Approaching Coronavirus Food Assistance Program Deadline   Mon, 10 Aug 2020 09:23:49 CDT
  • NCBA's Danielle Beck Encourages Producers to Submit Comments on Dietary Guidelines Before Aug. 13 Deadline   Mon, 10 Aug 2020 08:49:02 CDT
  • Trade Policy Opportunities and Competitive Prices Support U.S. Wheat Export Sales Early in the Marketing Year  Mon, 10 Aug 2020 08:30:49 CDT
  • Dietary Guidelines Comment Campaign Enters Final Week  Mon, 10 Aug 2020 08:15:49 CDT
  • Dairy Defined: Dietary Guidelines Good for Dairy -- and Worth a Nudge Forward  Mon, 10 Aug 2020 08:09:49 CDT
  • FARM Program Recognized for International Quality   Mon, 10 Aug 2020 07:53:49 CDT
  • Monday Preopening Market Update with Dave Lanning  Mon, 10 Aug 2020 07:27:03 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m.Friday, August 7  Fri, 07 Aug 2020 16:13:53 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.