Agricultural News
Current Cash Cattle Market Looking Strong as We Begin the Fourth Quarter of 2011
Tue, 11 Oct 2011 05:42:41 CDT
Cash cattle prices his past week hit $121 per hundredweight- steady to a dollar up from the previous week, when cash cattle prices saw a big spike higher of four to five dollars per hundred. Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel says it was especially good news to him that we saw the market hold the gains of the previous week.
There is a some concern among cattle market watchers that we could see a small wall of cattle hit the market here in the fourth quarter of the year- based on large placements that came from cattle pushed off of pasture earlier in 2011 due to the drought. Dr. Peel says there were a lot of light weight cattle that came into the feedyards earlier than expected- but he believes that they will be spaced out enough to avoid too many supply problems in the next ninety days or so.
Dr. Peel's comments were made on the program, Agriculture Today, as heard on the Kansas State Univesity Radio Network on Monday of this week.
We feature some of his thoughts on today's Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the region 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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