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


Beef Market Winter Challenges Continue

Mon, 03 Mar 2014 11:25:09 CST

Beef Market Winter Challenges Continue
Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist, writes in the latest Cow-Calf Newsletter:


Another blast of severe winter weather moved across the U.S. this past weekend causing problems for cattle producers and impacting beef distribution and consumption. Cattle and beef markets continue to exhibit volatility in the face of supply and demand disruptions. Boxed beef prices increased sharply last week with Choice values up $10/cwt to finish the week at $225/cwt. Fed cattle prices increased to end the week at about $150/cwt.   


Winter weather is contributing to reduce beef production in 2014. Beef production for the year to date is down 6.9 percent compared to last year with total cattle slaughter down 7.5 percent year over year. Reported average cattle carcass weights have averaged about 4 pounds heavier so far this year but this masks some of the underlying cattle production issues. Overall cattle carcass weights are a function of the carcass weights of individual classes of slaughter cattle as well as the composition of cattle slaughter by class. Average steer carcass weights are about a pound lighter so far this year, while heifer and cow carcass weights are slightly heavier. However, steer slaughter is the largest slaughter component and is a larger percentage of total slaughter this year contributing to a higher cattle carcass weight average even with lighter steer carcasses. For the year to date, steer slaughter is down 6.5 percent; heifer slaughter is down 10.7 percent; and cow slaughter is down 11 percent, all compared to the same period last year.


In Oklahoma, cattle producers have faced an unusually large amount of cold weather which has added many challenges to provide water and extra feed for cattle. The cold, dry weather since early January stopped wheat growth and resulted in rapid depletion of wheat pasture. Many winter stockers were marketed early and producers using winter wheat to support cows have had to make other feed arrangements. Oklahoma had generally abundant hay supplies this winter but increased feed requirements are likely depleting hay supplies quickly. With many entering calving season, there are many challenges managing newborn calves in cold weather. Cow nutritional requirements increase dramatically with calving and lactation and it is a challenge to maintain cows in condition to rebreed on schedule this spring. Feed quantity and quality are both critical after calving to avoid impacts, not only on the current calf crop, but also on reproductive performance that will affect future production.   


Winter storms impact cattle performance in feedlots and those impacts will be evident in the market for several weeks. Additionally, later storms that occur during spring calving season have more potential for long term impacts on cattle production for many months. Winter weather takes cattle performance and production out of the system that is never recovered and further reduces beef supplies in an already declining beef production situation.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday April 3, 2020  Sat, 04 Apr 2020 16:32:49 CDT
  • Friday, April 3, 2020 Market Wrap-Up with Justin Lewis  Fri, 03 Apr 2020 15:39:59 CDT
  • Global Changes Could Impact U.S. Farmers' Spring Planting Intentions Says USDA Chief Economist Rob Johansson  Fri, 03 Apr 2020 14:30:08 CDT
  • Despite Global Challenges, U.S. Pork and Beef Exports on Record Pace through February  Fri, 03 Apr 2020 14:07:52 CDT
  • USDA Adds Additional Flexibilities for Crop Insurance to Support America’s Farmers and Ranchers  Fri, 03 Apr 2020 13:18:47 CDT
  • Coronavirus Impact Ripples Across Farm Country  Fri, 03 Apr 2020 14:15:59 CDT
  • *Deadline Extended* OKFB Accepting Applications for $1,000 Scholarships  Fri, 03 Apr 2020 11:39:47 CDT
  • National Sorghum Producers to Open Board Director Applications  Fri, 03 Apr 2020 10:17:47 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    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.