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Agricultural News


Stronger Yearling Prices, Brings More Risk

Tue, 03 Jun 2014 15:32:32 CDT

Stronger Yearling Prices, Brings More Risk





When it comes to the cattle business, the stocker segment in particular has a favorable outlook for summer 2014. Livestock Marketing Information Center Director Jim Robb says that especially true, if cattlemen already own the cattle.


"I think certainly for the people that have already bought the calves these programs can fair surprising good this year," Robb said. "Record high calf prices, but the heavy weight yearling market has really been the market that has charged ahead of the other markets as we look across the board."


"I think that raises a bit of risk in this marketplace," Robb said. "We have had the premium of the 700 -800 pound and sometimes heavier steer widen relative to the calf, which makes those trying to buy the animals these programs look less profitable than they did a few weeks ago, but also widen relative to the fed cattle market."


With a strong heavy weight yearling market, Robb says a a little bit of risk management options could be prudent.


"We have future market options, we also have the government-sponsored livestock risk protection programs through the federal crop insurance agents," Robb said.


"We've had a runaway heavy weight yearling market, even trying to price those animals a little bit early on the video auctions, etc.," Robb said. "We certainly have had a very strong run and one that some prudent risk management maybe be money well spent."


Robb's comments were complimentary of Eric Atkinson of Agricultural Today with Kansas State University Research and Extension News.



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.


   

   

LMIC's Jim Rob talks about outlook for stockers
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