Jim Robb Predicts 2012 to be a Transition Year for Livestock MarketsThu, 22 Dec 2011 11:37:13 CST
The livestock marketplace faced some major difficulties throughout 2011, especially with a decrease in many cattle herds. Jim Robb, Director of the Livestock Market Information Center, believes this is a trend that is here to stay as herds have shrunk over recent decades.
Robb says the cattle weights have made up for these changes within herds during this transition point in the market. However, as we look to 2012, Robb says there will be even more significant changes within the market as he predicts there will a year to year decline in beef output, which he says is largely because of the liquidation of cattle over the years.
Also, there is the factor of the upcoming winter weather. With some areas of the Oklahoma panhandle and Southwest Kansas already dealing with severe winter weather, Robb says producers need to keep an eye on the weather status. If the weather proves to be harsh as in recent years, Robb says it could actually impede feedlot animal performance and pull cattle prices higher.
Click on the LISTEN bar below to hear more from Jim Robb with the Livestock Market Information Center on the cattle marketplace.
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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