Strong Boxed Beef Price Levels Making High Cattle Prices Back Down the Chain WorkWed, 26 Jan 2011 21:01:13 CST
Breakevens of market ready cattle have been rising in recent months- and Oklahoma State University Livestock Market Economist Dr. Derrell Peel says that the market "is at best keeping pace" with the rising breakeven costs- which is the line between profit and loss for the feedlot operator.
On today's Beef Buzz, we also talked with Derrell Peel about wholesale boxed beef prices- which are above the $1.70 per pound level. He says as long as the boxed beef prices can stay strong- it helps the rest of the chain to function at higher levels as well. We also talked of the export markets that have given an assist in keeping wholesale prices here in the US at these lofty levels.
Today's Beef Buzz is our second installment in our extensive conversation with one of the premiere cattle market watchers in the Land Grant System today in OSU's Derrell Peel.
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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