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


Is Now the Time to Retain Ownership of Cattle at the Feedlot - Dr. Darrell Peel Has the Facts

Thu, 21 Jul 2016 15:18:53 CDT

Is Now the Time to Retain Ownership of Cattle at the Feedlot - Dr. Darrell Peel Has the Facts


Thanks to a volatile futures market right now, feeder and stocker markets are experiencing their own instability. OSU Extension Livestock Market Economist Dr. Darrell Peel understands the frustration being felt by producers, but assures that things will get better.


“It’s midsummer so it’s a hard time to put together a stronger market in general for cattle,” Peel said. “We’re just kind of marking time here. Numbers are slightly bigger and their going to continue to get bigger, so there will be a possibility for erosion of these prices as an underlying trend for many months ahead.”


For producers worried about an influx of cattle hitting the market coming into the fall, Dr. Peel says that while that can occasionally happen, causing a supply effect that drops prices, he believes conditions are fair and numbers aren’t suggesting that will occur.


Despite all the trouble, Dr. Peel adds that the market may be presenting an opportunity for producers sending cattle to feedlots. With feed prices down, producers should think about cost of gain factors and consider possibly retaining ownership of their cattle at the feedlot. Dr. Peel says in terms of what producers look at, the circumstances for retaining ownership are better than they have been for quite some time.


Listen to Dr. Darrell Peel talk more on feeder/stocker markets during today’s 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

  • Latest Road to Rural Prosperity Features Jed Green, the Founder of the Group Oklahomans for Responsible Cannabis Action  Sat, 23 Oct 2021 18:50:06 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. Friday, October 22, 2021  Fri, 22 Oct 2021 15:19:14 CDT
  • Friday, October 22, 2021, Market Wrap-Up with Justin Lewis  Fri, 22 Oct 2021 15:15:18 CDT
  • Labor Shortages are the Root Cause of Stagnant Cattle Prices Says Justin Benavidez  Fri, 22 Oct 2021 13:14:24 CDT
  • OSU Inks Head Football Coach Mike Gundy to New Contract  Fri, 22 Oct 2021 13:11:06 CDT
  • Dairy Management Inc. 2020 Annual Report Available Online  Fri, 22 Oct 2021 12:40:03 CDT
  • Sign Up Now for the 2022 National Farmers Union Women's Conference  Fri, 22 Oct 2021 12:33:48 CDT
  • OSU Agriculture Honors Distinguished Group During Ceremony  Fri, 22 Oct 2021 11:54:25 CDT

  • 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.