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


We Have a Situation on Our Hands - Pork and Beef Working to Secure Stability in Supply Chain

Mon, 14 Nov 2016 17:26:38 CST

We Have a Situation on Our Hands - Pork and Beef Working to Secure Stability in Supply Chain For some, the amount of product on the market both in pork and beef, seemed to have piled up rather suddenly. But in fact, it’s been mounting for some time and has more or less been expected, says Steve Meyer, meat product economist. Farm Director Ron Hays spoke with him at the recent National Association of Farm Broadcasters convention about what his outlook is for the future as both protein industries work to move product during this period of growth in both species here in the US.


“It’s been brewing for a long time,” Meyers said. “We started growing hog numbers pretty substantially last year and it’s mainly on the back of productivity. We thought the numbers were coming for some time and not a surprise to us.”


On the beef side though, Meyers tells Hays that the good moisture and grass conditions over the last couple years have encouraged the rebuilding of cattle herds, which he says fits into the cause and effect sequence of events.


“Last year though, pulling those heifers out drove markets extremely high and we’ve slowed that process down,” Meyers said, “and now we’ve got those calves coming out of that larger cow herd and we still have excellent grass conditions so we’re putting a lot of weight on these cattle before the come into the feedlots.”


Meyers attests that the beef side is stabilizing fairly well with support levels seeming to hold enough to allow feedlot operators the chance to make a little profit. On the flip side, though, he says things are not as bright for cow/calf operators who are seeing the prices they had for a short time starting to slide down. But for hogs, Meyers says there is no stability yet as packing capacity is creating constraints within the processing line.


“We think maybe the worst is over but we have really a situation right now where the price is kind of indeterminate,” Meyers said. “Packers have kind of held it in these upper $40 or $50 range and I think that’s going to continue because producers have been very aggressive in their marketings.”


According to Meyers, looking from the outside in, things feel as though they are a little stagnant, but he says if you compare all the numbers, demand and export numbers are relatively strong despite the situation and believes that slow but steady growth with continue build.


“I think there’ll be a little more stability but it’s going to be stability at a very, very low level,” Meyers said. “We’re just going to have a supply situation on our hands for some time to come here in both species.”


To listen to Hays’ full conversation with Meyers regarding the supply and demand situation affecting the pork and beef industries, click or tap the LISTEN BAR below.





   



   

Listen to the full conversation between Ron Hays and Steve Meyers on supply chain stability
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • US-China Phase One Trade Deal Called a Real Breakthrough  Fri, 13 Dec 2019 09:03:59
  • Thursday December 12 2019 Market Wrapup with Justin Lewis  Thu, 12 Dec 2019 22:07:26
  • Dead Ahead- OSU's Kim Anderson Sees Quiet Holiday Markets   Thu, 12 Dec 2019 20:31:09 CST
  • Livestock Producers Applaud Skipwith Confirmation, Encourage Vote on Pending Nominees  Thu, 12 Dec 2019 17:30:06 CST
  • NMPF Statement Dr. Stephen Hahn’s Confirmation as FDA Commissioner  Thu, 12 Dec 2019 17:27:23 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Thursday, December 12, 2019  Thu, 12 Dec 2019 17:24:28 CST
  • Ron Hays Talks with Robert York of National Livestock About the Upcoming Fundraiser for the All American Beef Battalion  Thu, 12 Dec 2019 14:34:08
  • Ok Pork Council Donates $10,000 to the Food for Kids Backpack Program  Thu, 12 Dec 2019 13:59:01

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.