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


Cattle Placement Numbers Higher Than Expected in Latest Cattle on Feed Report

Fri, 20 May 2016 19:59:11 CDT

Cattle Placement Numbers Higher Than Expected in Latest Cattle on Feed Report


The USDA released its May Cattle on Feed report Friday, and Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, says that while marketings and the on-feed total were pretty close to pre-report estimates, the placements were surprisingly up 7.5 percent.


Year-over-year increases in the placement numbers were especially evident in the Southern Plains.


“Texas, Oklahoma and Kansas all had big placement numbers,” Peel says. “I think there are a couple of things going on there. One is that really over the last couple of three years the Southern Plains has been lower; part of that was a drought impact - there was just less cattle available regionally, and because of tight numbers the Southern Plains just wasn’t as competitive at bringing in cattle.”


Despite the higher placement numbers, the Cattle on Feed report doesn’t change Peel’s outlook for the second half of the year.


“We knew this was coming. We saw the placements start year-over-year increases in February, now March and April,” he says. “We’ve suggested since then that we’re probably going to see year-over-year increases every month from here on for many months as we’re working our way into bigger numbers in the industry.


“In fact, this larger placement number really makes sense relative to the fact that feedlots have marketed cattle pretty aggressively - certainly in April. They ramped up marketings, pulling cattle ahead, increasing the turnover rate, and the willingness to do that hinges in part on the overall economics that supports them buying replacement cattle.”


Read the full USDA May Cattle on Feed report here, and click on the LISTEN BAR below to hear Peel’s full analysis of the report during the latest Beef Buzz.


The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is 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.



   



   

right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Superior Livestock Auction Recaps their January 23rd Video Auction Along with their Top Selling Lots  Sat, 25 Jan 2020 11:28:19 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, January 24, 2020  Sat, 25 Jan 2020 11:23:33 CST
  • Friday, January 24, 2020 Market Wrap-Up with Justin Lewis  Fri, 24 Jan 2020 15:03:25 CST
  • NRCS Reminds Producers of Advance Payment Option  Fri, 24 Jan 2020 12:52:22 CST
  • Oklahoma Cattlemen's Association is Thankful for the Clarity of the New Water Rule  Fri, 24 Jan 2020 12:33:25 CST
  • Annual Cotton Seed Meeting Tuesday, Feb 4, 2020  Fri, 24 Jan 2020 11:34:24 CST
  • Cotton Economist, Dr. John Robinson talks Uncertainties for this years Crop  Fri, 24 Jan 2020 11:23:52 CST
  • More Widespread Support for EPA and Army's Navigable Waters Protection Rule - A New Definition of WOTUS  Fri, 24 Jan 2020 12:44:22 CST

  • 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.