Agricultural News
Just How Big of a Cow Herd is Needed? Jim Robb Explains How to Go About Hitting a Moving Target
Mon, 09 Jan 2017 12:17:18 CST
In a recent conversation with Jim Robb of the Livestock Marketing Information Center, told Radio Oklahoma Ag Network's Farm Director Ron Hays that 2016 was year of some growth in the US cow herd. He says we can expect to confirm this with the US Department of Agriculture's upcoming cattle inventory report.
"The mechanisms were already set in motion," Robb said. "The heifer hold-back is really what we're building on now."
Although, he does say that during the second half of 2016, we did begin seeing some increase in heifer and cow slaughter. However, it was not enough to actually stabilize the industry. He suggests that as of the start of this year, we will have 2.5 to 3 percent more cattle that we did a year ago. Last year, it was up as high as 3.5 percent but he says as we venture further into 2017, transitions will already be in place.
"Cow slaughter is up, heifer slaughter is starting to increase rather dramatically - so we just have to work through that process in 2017," Robb said. "So, come January 1, 2018, we ought to see some real rather stable beef cow herd numbers starting to emerge."
As far as determining how big of a beef cow herd we will need for this year, Robb explains it is somewhat of a moving target that will be dependent upon a few factors, but especially the performance of the export markets. Though, he notes, we can expect to be operating with increased production and lower prices. Thus, he advises producers to carefully watch the cost of inputs to maintain the best possible profitability from your herd.
Listen to Hays' conversation with Robb regarding current beef cow numbers, 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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