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


China's Uncertainty Creates Domino Effect of Fear and Lower Markets

Tue, 01 Sep 2015 14:51:15 CDT

China's Uncertainty Creates Domino Effect of Fear and Lower Markets


Nothing has changed in the cattle market, but outside fundamental factors have taken prices lower in recent weeks. That’s according to Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel. There are lots of outside influences, like the stock market.


“Markets run off greed, fear and ego and at any one time, sometimes one of those emotions is more important than other,” Peel said. “Fear has been the name of the game the last couple of weeks.”


The downward trend in the U.S. stock market has been influenced by global events. Peel said the fear has been led by China, which has caused a great amount of uncertainty in the market. He said it will take some time for the markets to sort out this situation. With cattle prices remaining higher than historical levels, he said producers are sensitive to changes in the markets.


“The market is vulnerable to some extent,” Peel said. “I think certainly in terms of the cash market, we probably over shot the market and the futures as well, in terms of the cattle market specifically. But it’s all going to be related to how this stock market thing plays out the next few days, weeks.”


U.S. beef does not direct market into access into China, but sales to the entire Asian Pacific region are very important to the U.S. cattle market. The strength of the U.S. dollar this year has not helped U.S. beef exports. In looking at the broader picture, Peel said demand is a larger factor in the situation. The Chinese economy will continue to grow, but probably not at the rates that were forecast.


“The market’s kind of coming to grips with that and digesting all of that reality here,” Peel said. “It’s going to a little time for it to sort out.”


Peel said the U.S. cattle industry needs to continue to focus on getting market access into China. With 1.4 billion people, any access to the market will increase demand for U.S beef.


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.


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 Derrell Peel of OSU
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Rural Broadband and GPS- Both Essential for Precision Ag on Today's Farm or Ranch- Both Under the Watchful Eye of Congressman Frank Lucas  Sun, 21 Jul 2019 19:33:36 CDT
  • Kansas State Explains The Old "Block" and Chain: How Farm Data Will Be Used on the Blockchain  Fri, 19 Jul 2019 17:41:03 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, July 19, 2019  Fri, 19 Jul 2019 16:34:23 CDT
  • Friday Market Wrap-Up with Justin Lewis  Fri, 19 Jul 2019 15:35:43 CDT
  • Michael Hooper Selected as ODAFF Agriculture Investigative Services Chief Agent   Fri, 19 Jul 2019 15:32:41 CDT
  • Afternoon Wrap-up with Dave Lanning  Fri, 19 Jul 2019 13:53:06 CDT
  • Update- R-CALF CEO Bill Bullard Responds to Our Monday Beef Buzz Regarding His Call for Mandatory COOL   Fri, 19 Jul 2019 12:41:54 CDT
  • Animal Activists Target Christian Faith and Church Communities to Advance Their Meatless Agenda  Fri, 19 Jul 2019 09:50:37 CDT

  • 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

    Search OklahomaFarmReport.com


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

    WebReady powered by WireReady® Inc.