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

Jim Robb Says Calf and Yearling Prices to Remain Strong, But Lower Than 2014

Tue, 11 Aug 2015 14:55:41 CDT

Jim Robb Says Calf and Yearling Prices to Remain Strong, But Lower Than 2014

Slaughter cattle prices have likely reached the bottom. That’s according to Livestock Marketing Information Center (LMIC) Director Jim Robb. In speaking at the Southern Plains Beef Symposium in Ardmore on Saturday, he also shared the industry is near the bottom of the market for calf and yearling prices. With increasing cattle supplies and corn prices higher than last year, Robb said he is looking for softer calf and yearling prices for the rest of the year.

“We’re not going to make the very strong calf and yearling markets that we did in the fourth quarter of 2014,” Robb said. “We’re going to have the second highest calf market ever, but it’s certainly a softer market on a year-to-year basis. Fed cattle prices will be down year-to-year in the second half, still seasonally stronger.”

Radio Oklahoma Network Farm Director Ron Hays caught up with Jim Robb at the Southern Plains Beef Symposium held Saturday in Ardmore, Oklahoma. Click or tap on the LISTENBAR below to listen to this Beef Buzz feature.

While fed cattle, calf and yearling prices have been fairly volatile, Robb looks for it good year for cow-calf producers and a decent year for stockers, but it won’t be a great year like 2014. Overall, he said herd rebuilding has been fairly modest and domestic consumer demand remains good. In looking at the outlook, he forecast more of an erosion of calf and yearling prices over the next several years, rather than a collapse. He said it’s going to take an outside market shock to slow the erosion of prices.

In looking at international demand, U.S. beef exports are down ten percent in volume, but value remains nearly unchanged. Robb said the value has been fairly strong, but one area of weakness has been the demand for byproduct items like tongue, liver and hides. On the meat side of the marketplace, he said there has been a parallel decline in beef tonnage exports in terms of domestic production.

“So, we’re maintaining those export markets, partly just reflecting our smaller supply in the U.S.,” Robb said. “Certainly, we’re just selling this meat product in foreign markets at pretty strong prices. “

The international market has changed due to a number of factors, like the stronger U.S. dollar that is working against U.S. exports. Robb said the international trade environment is also working against the U.S. with Australian beef exports restricted in Russia, some of the Middle Eastern markets and China because of their low growth rate. Right now the U.S. is the residual marketplace, so beef imports into the U.S. are much higher than previous years. Robb was surprised U.S. exports have remained this strong given the global economic environment.

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 Jim Robb of LMIC
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Grazing Native Grass Pastures Is More Economical Than Feeding Hay to Cows in Winter  Wed, 16 Oct 2019 17:27:45 CDT
  • Corn Growers Continue to Search for Solutions to Aflatoxin  Wed, 16 Oct 2019 17:09:29 CDT
  • More Than 30 Speakers Set to Speak at the 28th Annual National No-Tillage Conference in St. Louis, Missouri  Wed, 16 Oct 2019 17:03:24 CDT
  • Annie’s Project Course Benefits Women in Agricultural Industry  Wed, 16 Oct 2019 16:52:04 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, October 16, 2019  Wed, 16 Oct 2019 16:38:34 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, October 16, 2019  Wed, 16 Oct 2019 16:38:10 CDT
  • Fitbits for Cows: A&M Researcher Milks New Technology for Higher Yields, Happier Cows  Wed, 16 Oct 2019 11:00:27
  • New Study Says Global Agricultural Productivity Growth Needs Slight Increase to Feed 10 Billion by 2050  Wed, 16 Oct 2019 08:55:06

  • More Headlines...


    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.