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


USDA Continues to Surprise Beef Industry with 2017 Cattle Inventory Report Exceeding Expectations

Wed, 01 Feb 2017 11:27:08 CST

USDA Continues to Surprise Beef Industry with 2017 Cattle Inventory Report Exceeding Expectations


Yesterday, the US Department of Agriculture released its 2017 Cattle Inventory report. Radio Oklahoma Ag Network Farm Director Ron Hays caught up with Don Close of Rabo AgriFinance at the Cattle Industry and NCBA Convention in Nashville this week, to get his reaction to the numbers which much like last week's Cattle on Feed report, was quite surprising.


"A lot bigger numbers than anybody was anticipating," Close sighed in disbelief. "Those are such large numbers to begin with - that's like turning an ocean vessel."


According to the report overall, the cattle inventory in the US has gone up 2 percent since January 1, 2016 which brings the current number to a grand total of 93.6 million head. Close says that Rabo had actually reached this number in their own estimated projections before the report was released, but admits that they did not expect to see this many cattle on the ground until at least a year from now. He contends that the machine to generate more beef here in 2017 is already in place and is building momentum.
"If you take the surprise out of the inventory numbers this afternoon, add that with the placement numbers that we saw last Friday afternoon," he calculated, "the ramifications that has for the number of cattle we could likely be seeing for the second half of the year - it's a big change."


Listen to Hays collect Close's full reaction to yesterday's surprising Cattle Inventory report, 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.




   




   

Listen to Hays collect Close's full reaction to yesterday's surprising Cattle Inventory report, click below
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • 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 Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       
       
       
       
       

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.