Don Close of Rabo AgriFinance Impressed with Cattle Industry's Surprisingly Strong '17 PerformanceTue, 10 Oct 2017 11:34:49 CDT
During the Texas Cattle Feeders Association Convention this week in Amarillo, Radio Oklahoma Ag Network Farm Director Ron Hays, had the chance to catch up with Don Close of Rabo AgriFinance and get his thoughts regarding the performance of the cattle markets thus far in 2017, and what the next year might look like as well.
“I think producers have done a phenomenal job this year,” Close said. “Certainly, through the first half of the year, we had a combination of circumstances, but producers got a really solid lead on the market.”
Close attributes much of the success seen this year to an aggressive marketing schedule and an overall reduction in tonnage. He says the industry’s ability to stay current has been key during 2017 and insists that attention must be focused on keeping average weights of cattle under control for the rest of the year and into 2018, to sustain the current momentum. Close says producers have plenty of motivation to do this, with a board structure that is strongly encouraging them to roll cattle forward while packer margins range from $100 to $150 a head.
“They have really big motivations to aggressively process cattle as hard as they can go,” Close said. “It’s really similar to where we were at in the spring market. So, that should be an underlying supportive influence in the market.”
Listen in as Close and Hays discuss the surprising performance of the cattle markets during 2017, 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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