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


Agricultural News

Growing Beef, Pork and Poultry Supplies Putting Pressure on Prices, Says CattleFax Analyst

Thu, 23 Jul 2015 17:56:24 CDT

Growing Beef, Pork and Poultry Supplies Putting Pressure on Prices, Says CattleFax Analyst

Cattle producers gathering at the Summer Cattle Industry Conference last week in Denver were reminded about how strong the cattle market has been. One of the featured speakers was CattleFax Senior Analyst Kevin Good. After his presentation, he was interviewed by Ken Rahjes of AgView.net about how good it's been and how good prices will continue to be for a while longer. Good said producers have seen some great years in terms of price and profitability in 2014 and now drought recovery with the exception of the west coast. He said producers have the best moisture conditions in 20 years, the highest calf values on record and herd expansion has started to take place. He predicts the cowherd could be 1.3 million head bigger by the start of 2016.

That's good news, but in looking longer term that means more beef production in the coming years and American consumers will need to consume more of that product. Good said the big unknown is the price level at which the consumer will eat more beef.

One of the challenges of aggressive herd rebuilding is tighter beef supplies. Beef also has increased competition from pork and poultry. Good said pork and poultry supplies this year are up five to six percent and he looks for both sectors to increase production in 2016. So far that's hasn't effected beef, but that's changing. Good said this summer there has been less featuring of beef and more featuring for the other meat products. In looking at beef demand for June and July, he said demand is falling below 2014 levels, just like cattle and beef prices.

Another challenge is the strong U.S. dollar. Good said the strong dollar makes American beef, pork and poultry products more expensive on the global market and it also invites more product into America. The U.S. also continues to fight for trade access in key markets. Good said the U.S. is shut out of Russia for all proteins, China and many other countries because of the Avian Influenza outbreak.

"So, with all of those head winds, we're having to consume more product at home," Good said.   "Per capita supplies of all proteins combined is going to be up about eight - nine pounds this year, which is a huge year over year change."

Good said the abundant protein supplies has pork prices down 25 to 30 percent, poultry prices down ten percent. In going into the second half of the year, beef prices are also starting to fall year over year.

CattleFax Senior Analyst Kevin Good was interviewed for the Beef Buzz feature. Click or tap on the LISTEN BAR below to listen to today's Beef Buzz.

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.


CattleFax Senior Analyst Kevin Good was interviewed by Ken Rahjes of AgView
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.