Agricultural News
Bad Year for Cattle Prices Ending on a High Note as Markets Begin to Rebound, But for How Long?
Tue, 06 Dec 2016 13:13:40 CST
Cattle markets have had a rough time over the past several months throughout the summer into the fall. However, it looks as though they are starting to bounce back some in recent weeks, which Extension Livestock Market Economist Dr. Derrell Peel tells Farm Director Ron Hays, is refreshing to see finally.
Once we finally broke that bearish, fear-based market," Peel said, "we've had a very impressive run across the board."
Almost surprised to hear himself say it, Peel happily reports that so far, the markets have been able to sustain this positive momentum. Given the unpredictable nature of the futures market though, he says looking into the long-term, we'll just have to wait and see how things play out. For now, though, Peel is content with where the market seems to be going as the years rounds out.
"I don't know that I expect to see the rally push a lot further. I think we've probably done about what we're going to do," Peel speculates, but adds, "I think we're very comfortable with the rebound we've got."
Listen to Dr. Peel explain more of his thoughts on the rebounding cattle markets with Ron Hays, on 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.
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