Rain Brings Optimism and Talk of Beef Herd RebuildingThu, 26 Jun 2014 05:09:19 CDT
With the rains in June- cattle producers are saying that they have gone from wondering which animals they would have to send to market because they were running out of pond water and grass the first of May to now thinking they have more grass and water than cattle- and now wondering where they can buy a few more animals as we approach the end of June.
Rain brings optimism to cattle producers- especially if it raises the levels of their ponds and allows the grass to grow.
Extension livestock market economist Derrell Peel of OSU says he is hearing the same thing and he will be very surprised if the next government mama cow inventory report at the first of next year does not show we are growing the cow herd for the first time in many years across Oklahoma and the US. Derrell and Farm Director Ron Hays discuss this on today's Beef Buzz.
For consumers- that will likely mean tighter supplies short term as young females are held on the ranch to breed instead of being sent to the feedlot- but longer term that will mean more beef in the pipeline- more supply almost always means stable to falling prices.
That will come- but it will be a few years down the road.
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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