Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
   
   
   
   
   
   
   
   

Agricultural News


CattleFax Predicts a Stabilization in Cattle Market Prices During 2017 at Cattle Industry Convention

Fri, 03 Feb 2017 13:15:05 CST

CattleFax Predicts a Stabilization in Cattle Market Prices During 2017 at Cattle Industry Convention


Radio Oklahoma Ag Network Farm Director Ron Hays continues coverage of the National Cattlemen’s Beef Association and Cattle Industry Convention in Nashville this week, featuring one of the event’s highlights - the CattleFax Outlook seminar. Given the price outlook for cattle, Kevin Good of the CattleFax staff says producers can expect to see this year’s market begin to stabilize from the volatility observed this past year.


“If we take the push from the last fall lows at $0.98 to this high so far this year at $1.23 average - a 24 to 25 percent increase. That would match the biggest increase we’ve ever had in like-kind of years,” Good said. “If we have not seen the high for this year in the last few weeks, seasonally, you would expect it to come back and retreat that at some point as we go into March…late February and March.”


Good notes, though, that the risk in the market will be more prevalent in the second half of the year as beef deals with increased supplies of its own product, but will also face increased competition from both pork and poultry as those supplies are expected to rise as well.


“If that’s the case,” he said, “feeder cattle would average $1.30. Remember that the deferred discounts and the live cattle will keep a lid on feeder cattle prices and you can see a full range at $1.20 - $1.40 around that.”


Listen to Good speak more about CattleFax’s predictions about the cattle markets this year, presented at the NCBA Convention this week with Farm Director 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.




   





   

Listen to Good speak more about CattleFax's predictions about the cattle markets this year with Hays
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Derrell Peel Says Latest Cattle on Feed Report Shows Continuing Trend of Growing Feedlot Inventories  Fri, 23 Jun 2017 21:39:24 CDT
  • Oklahoma Grain Elevator Cash Bids for Friday afternoon, June 23, 2017  Fri, 23 Jun 2017 15:03:19 CDT
  • Market Analysis with Justin Lewis of KIS Futures for Friday, June 23, 2017  Fri, 23 Jun 2017 15:02:26 CDT
  • Senate Bill Would Shorten Depreciation of Farm Equipment for Farmers on a Permanent Basis  Fri, 23 Jun 2017 14:47:34 CDT
  • Cornbelt Economist Previews the June 30th Quarterly Grain Stocks Report  Fri, 23 Jun 2017 14:38:31 CDT
  • Plains Grains Calls Oklahoma Wheat Harvest Almost Done at 91 Percent Complete- Kansas Now 44% Harvested  Fri, 23 Jun 2017 03:32:13 CDT
  • Fresh Beef From Brazil Into the US Banned by USDA Secretary Sonny Perdue   Fri, 23 Jun 2017 03:22:20 CDT
  • To Sell or Not to Sell? Kim Anderson Answers All Your Wheat Harvest Questions - This Week on SUNUP  Thu, 22 Jun 2017 15:52:01 CDT

  • More Headlines...

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com


       
       
    © 2008-2017 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI