Cattle Markets in Pretty Good Shape Right Now- So Says OSU Livestock Market Economist Derrell PeelTue, 28 Feb 2017 15:58:44 CST
Two months into 2017, the cattle market has been relatively tranquil, and has allowed feedlots to actually see their best profits in quite some time. Radio Oklahoma Ag Network Farm Director Ron Hays sat down this past Friday in Ardmore and talked about the cattle markets with Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel.
Hays and Peel looked at the markets thus far in 2017, the status of the wheat pasture grazing this winter and what he believes we learned from the January first Cattle Inventory Report, as it relates to the beef cow numbers this year and how much we might grow the cattle herd in 2017.
Dr. Peel says that when you look at the "big picture" as it relates to the cattle marketplace- "the cattle markets are in pretty good shape right now" and adds that they are maybe a little better than was first expected for the first quarter of the new year.
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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