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


Unexpected Strong Demand Keeping Pace with Growing Supply Setting Up Sideways Trend for 2017

Mon, 27 Mar 2017 12:26:02 CDT

Unexpected Strong Demand Keeping Pace with Growing Supply Setting Up Sideways Trend for 2017


During the National Cattlemen’s Beef Association and Cattle Industry Convention earlier this year, the CattleFax organization predicted that the cattle and beef markets had hit their highs for the year. Since then though, the markets have continued to climb and according to Oklahoma State University Livestock Market Economist Dr. Derrell Peel, this came as quite the surprise to market watchers like himself.


He told Radio Oklahoma Ag Network Farm Director Ron Hays, “We were expecting some seasonal strength in cattle markets and beef markets this spring. We’ve certainly seen that and really a little more than was expected.”


Peel has observed that fed cattle prices have jumped rather dramatically since settling in a low in February. He believes this to be indicative of the predicted seasonal strength, but it indeed has surpassed expectations. As the industry continues to grow its supplies, demand both domestically and internationally seem to be keeping pace. Peel says this trend looks as though it may continue throughout the end of the year, peaking off some over the summer.


“That generally has a lot of folks worried about the supply impacts,” he said. “But what I think we’re seeing here is that the demand is growing to keep up with that and that’s keeping 2017 really set up to be kind of a sideways year.”


Listen to Dr. Derrell Peel’s rationale of the unexpected strength in the cattle and beef markets this year 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.





   




   

Listen to Dr. Derrell Peel's rationale of the unexpected strength in the cattle and beef markets this year
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Cattle on Feed a Bearish Surprise with Placements Five Percent Above Trade Expectations  Sat, 21 Oct 2017 10:31:54 CDT
  • EPA Admin. Scott Pruitt Changes His Tune in Letter to Senators, Promising to Strengthen the RFS  Fri, 20 Oct 2017 15:59:18 CDT
  • Piper Merritt Hopes to Hang Her Hat Among the National FFA Officers Who Call Oklahoma Home  Fri, 20 Oct 2017 15:48:28 CDT
  • ACC Calls Upon Global Leaders to Take Action Against IARC Over Deliberate Manipulation of Data  Fri, 20 Oct 2017 14:52:16 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, October 20, 2017  Fri, 20 Oct 2017 14:43:08 CDT
  • OK Cattlemen's Association's Michael Kelsey Confronts Out-of-State Challengers to Checkoff Initiative  Fri, 20 Oct 2017 14:36:09 CDT
  • Friday Market Wrap-Up with Justin Lewis  Fri, 20 Oct 2017 13:59:30 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn  Fri, 20 Oct 2017 13:52:03 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