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


CattleFax's Randy Blach Breaks Down the Market Volatility of 2015

Wed, 03 Feb 2016 05:24:12 CST

CattleFax's Randy Blach Breaks Down the Market Volatility of 2015


It's easy to forget here in the early days of 2016 that cattle prices were much higher in the first few months of 2015, before tumbling during the second half of this past year. The CEO of Cattlefax, Randy Blach, reminded Radio Oklahoma Ag Network Farm Director Ron Hays that the year 2015, at least when it comes to the cattle market, was two different stories.


Blach said there was the fed cattle market that averaged $160 in the first half of 2015 and then fed prices averaged $135 in the second half of the year.   In looking at the nearly $25 hundred weight move in average prices through the year, he said there was a lot going on with the global economic slowdown, the drop in international beef demand and the strong U.S. dollar.


“Bottom-line is we ended up with four and half billion more pounds of protein to absorb in the U.S. marketplace than we had one year ago,” Blach said. “The single largest one year change in the history of our business.”


Blach said there was an eight percent increase in pork production during the year, a four to five percent increase in poultry production and poultry exports were down nearly 15 percent. Beef production was basically flat, as U.S. production was smaller, but beef imports were larger and beef exports were down 13 percent. In not having access to those foreign markets, he said that drove a lot more protein back to U.S. consumers.


In looking at the price outlook for 2016, the numbers have been in line with the prices seen in late 2015. Blach said the market has been incredibly volatile and the market continues to reject those lower price levels. Demand is very difficult to predict, but he continues to watch a slowing global economy and a good U.S. economy. CattleFax believes exports will improve in 2016 versus 2015.


Radio Oklahoma Network Farm Director Ron Hays featured Blach on the Beef Buzz. 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 Randy Blach of CattleFax
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Stay Ahead of Nematodes and Participate in BASF’s SCN Action Month  Fri, 15 Oct 2021 21:59:28 EDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. Friday, October 15, 2021  Fri, 15 Oct 2021 21:49:39 EDT
  • Friday, October 15, 2021, Market Wrap-Up with Justin Lewis  Fri, 15 Oct 2021 21:46:09 EDT
  • 2022 Edition Now Available of the NCBA Redbook   Fri, 15 Oct 2021 15:32:28 EDT
  • Congressman Frank Lucas and the Rest of the Oklahoma Delegation Call on Biden to Put American Energy First  Fri, 15 Oct 2021 13:02:04 EDT
  • USDA Designates Eight Oklahoma Counties as Primary Natural Disaster Areas  Fri, 15 Oct 2021 11:31:22 EDT
  • NCBA’s Kent Bacus Hopeful Biden Administration Will Pursue Deals Beneficial to US Beef Producers  Fri, 15 Oct 2021 10:10:35 EDT
  • Feeder Steers and Heifers Steady to Higher, Steer Calves Higher at Woodward Livestock on Thursday  Fri, 15 Oct 2021 05:26:37 EDT

  • 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 Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

       
       

    Search OklahomaFarmReport.com

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.