Derrell Peel Sees Seasonal Price Strength in Cattle Markets- and More Herd Rebuilding in 2016 in US Mama Cow HerdsSun, 27 Mar 2016 06:02:06 CDT
While drought has now reentered Oklahoma in northwestern counties of the state, Extension Livestock Market Economist Dr. Derrell Peel is not overly worried about a repeat of the liquidation of the southern plains beef cow herd that we saw about four years ago because of our most recent multi year drought. Peel says in this edition of the Beef Buzz that it is still a little early in the growing season for the warm season grasses that are most predominant in northwestern Oklahoma and the Panhandle to be actively growing, so the dryness is something for ranchers in the region to monitor.
Radio Oklahoma Network Farm Director Ron Hays also talked with Dr. Peel about beef cow herd rebuilding, who says that 2015 was probably the largest year for herd rebuilding, with rebuilding continuing at a slower pace in 2016. Peel also discussed the early spring cattle market, saying we are seeing some grilling demand in our wholesale beef trade, which bodes well for seasonal increases in cash cattle markets.
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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