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


Peel Recommends Producers Make Their Strategic Plan for Rest of Decade

Thu, 09 Apr 2015 14:55:49 CDT

Peel Recommends Producers Make Their Strategic Plan for Rest of Decade


The cattle market outlook is highly variable for 2015. Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel said a lot will depend on which sector a producer is involved in and continued process of drought recovery.


"You want to take advantage of these markets as the best you can, but you have to work with your forage resources," Peel said. "Other folks, I think are being much more aggressive in general. Particularly the cow-calf sector, definitely sitting in the driver's seat now. We don't have enough cattle and the market is increasingly telling them to do that."


Radio Oklahoma Network Farm Director Ron Hays featured Peel on the Beef Buzz feature. Click or tap on the LISTEN BAR below to listen to today's Beef Buzz.


Peel recommends cow-calf producers make their expectations for the next three to five years. He said producers need to ask themselves if they think cattle prices will remain strong for several more years and can justify paying these high costs for breeding animals.   If you don't believe that, he said producers need to determine their plan to take advantage of these high prices.


As herd rebuilding is underway, Peel said he thinks the ideal U.S. beef cow herd is above 32 million head. Currently the U.S. has around 29 million head. He thinks more drought recovery will be needed and it will most of the decade to reach that target goal.   Peel said right now there are more factors that can slow down herd rebuilding and not much can help speed up the process. He expects herd rebuilding to take at least another three to five years.


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.

   
   

Ron Hays Beef Buzzes with Dr. Derrell Peel of OSU
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.