Oklahoma State's Derrell Peel Calls Current Cattle Market an Emotional Whirlwind as 2015 Comes to a CloseThu, 17 Dec 2015 10:30:12 CST
The last half of 2015 has been an "emotional whirlwind" for those involved in the beef cattle business. Those are the words of Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel. Dr. Peel offered that description of the second half of the year to Radio Oklahoma Ag Network Farm Director Ron Hays in a special end of year look at the beef cattle market.
The veteran cattle market watcher says that when you consider the fundamentals that "most any analyst you would talk to would say we have overdone this thing- there are some real problems there- we've got some heavy weight feeder cattle and we've got a little issue with some heavy weight fed cattle in the midst of relatively tight supplies- but it has created a little supply problem." He adds "we probably don't need to be down as hard as we are and have markets as defensive as they are" and that the market may be headed for some sidways action as we begin the new year.
Today's Beef Buzz with Dr. Peel is part one of a three part series with him as we review 2015 and preview 2016. You can listen to today's Beef Buzz by clicking on the LISTEN BAR below.
You can listen to our entire conversation with Dr. Peel by clicking here for our Ag Perspectives Podcast with him.
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.
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