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


USDA Predicts Falling Cattle, Hog and Broiler Prices for 2015 and 2016

Thu, 13 Aug 2015 05:23:39 CDT

USDA Predicts Falling Cattle, Hog and Broiler Prices for 2015 and 2016 While the major focus of the monthly WASDE report is usually on the grain and oilseed numbers- the livestock portion of the August 2015 report showed falling livestock prices for cattle, hogs and chicken. Pork production is expected to remain the same while beef and broiler production is expected to be smaller- even in the face of falling prices.


Here are the highlights of the livestock side of the report released midday on Wednesday:


Beef


Beef production for 2015 and 2016 is lowered due to a combination of slower marketings of fed cattle and reduced cow slaughter.

The beef export forecasts for 2015 and 2016 are lowered from last month on the relative strength of the dollar and expectations of weak demand. Beef imports are raised on strength in demand for processing-grade beef.

Cattle prices for 2015 and 2016 are reduced from last month on weaker demand. Steer prices in 2015 are now expected to average $154 to $158 per hundredweight in 2015, down from $158 to $162 forecast last month. Steer prices in 2016 are now expected to average $150 to $162, down from $155 to $167 forecast last month.



Pork   


Pork production forecasts for 2015 and 2016 are unchanged.

Hog prices are reduced for 2015, as supplies are large. Barrows and gilts (live equivalent 51-52 percent lean) are expected to average $49 to $50 per hundredweight, down $1 from last month. The price forecast for 2016 is unchanged at $46 to $49.



Chicken   

Broiler production for 2015 is lowered from last month as growth in the number of eggs set and chicks placed has slowed. Weaker forecast broiler prices are expected to limit production growth as well. No change is made to 2016 production.

Broiler prices are lowered for both 2015 and 2016 on competition from relatively lower red meat prices. Broiler prices in 2015 are now expected to average 95 cents to 97 cents per pound, down from 99 cents to $1.02 forecast last month. In 2016, broiler prices are now expected to average 94 cents to $1.02 per pound, down from 99 cents to $107 forecast last month.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, June 3  Wed, 03 Jun 2020 15:43:29 CDT
  • Wednesday, June 3, 2020 Market Wrap-Up with Justin Lewis  Wed, 03 Jun 2020 14:55:42 CDT
  • , 2020 Market Wrap-Up with Justin Lewis  Wed, 03 Jun 2020 14:52:08 CDT
  • Raegan Klassen, Kale Miller, Landri Chaplin and Jentry Squires Named State FFA Stars for 2020  Wed, 03 Jun 2020 14:45:55 CDT
  • Oklahoma Wheat Commission's Mike Schulte Says Wheat Harvest in the State around 8 Percent Complete   Wed, 03 Jun 2020 16:17:00 CDT
  • Oklahoma Youth Expo Announces the Summer Spectacular Livestock Clinic on July 17  Wed, 03 Jun 2020 13:21:31 CDT
  • Road to Rural Prosperity--State Representative Harold Wright Talks about His Years in the Oklahoma House and a Lifetime in Radio  Wed, 03 Jun 2020 10:07:20 CDT
  • This Weeks Ag in the Classroom Features Ag Around the World Wednesday with Watermelons!   Wed, 03 Jun 2020 10:03:34 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.