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


So, Just How Big is the US Cow Herd? LMIC's Jim Robb Says It's Big, But Growth Rate is Moderating

Wed, 10 Jan 2018 10:24:09 CST

So, Just How Big is the US Cow Herd? LMIC's Jim Robb Says It's Big, But Growth Rate is Moderating


One thing the beef industry will be looking for as we start the new year, is the official number on the US beef cow herd, to get an idea on how much it has grown over the past year. As we wait for the United States Department of Agriculture to release this figure in its Inventory report for January 1st, 2018, Radio Oklahoma Ag Network Farm Director Ron Hays reached out to Jim Robb, executive director of the Livestock Marketing Information Center, to get his thoughts on where those numbers might land.


“Well 2017 and 2018 are key transition points in terms of this cattle inventory cycle,” Robb said. “The heifer slaughter has come up dramatically. Cow slaughter is also up. So, our general guess would be to put that January 1 inventory up 1.5 to 2 percent year-over-year and that’s a slowing rate of growth, rather significantly.”


Robb insists the first six to eight months of 2018 will be key to how production progresses long-term, but for now he says it seems to be moderating. Based on insights from USDA, Robb says industrywide, we are approaching a herd size of approximately 32 million head. Not the largest that has been seen, but depending on cattle weights, it should be fairly manageable. Robb believes the industry will be able to produce near the same amount of beef per capita and net the same imports and exports in 2018 as seen in 2010. Looking ahead into 2018, though, Robb says the new year will continue to bring prosperity to producers, but perhaps not quite as much as 2017 did.


“Market-wise… we kind of had everything come together about as good as it could in 2017,” he said. “We don’t think we have to go back to 2016 calf prices. But, we do see with larger supplies - prices will be somewhat lower.”


Listen to Robb and Hays postulate on the size of the US beef cow herd and its impact on markets, 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 Robb and Hays postulate on the size of the US beef cow herd, on today's show, click below
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Express Ranches Showcase Top Angus Genetics at National Western Angus Carload & Pen Show  Wed, 17 Jan 2018 17:38:08 CST
  • Admin. Scott Pruitt Aims to Accelerate His Efforts to Remake the Environmental Protection Agency  Wed, 17 Jan 2018 16:43:30 CST
  • NCC's Jody Campiche Says Farm Bill Coverage for Cotton in the Works, But Still Long Process Ahead  Wed, 17 Jan 2018 16:35:10 CST
  • Oklahoma Horticultural Society Annual Meetings Set for February in Tulsa and Oklahoma City  Wed, 17 Jan 2018 15:47:55 CST
  • R Calf Continues Legal Battle With USDA Over Labeling of Beef as Product of USA  Wed, 17 Jan 2018 15:42:42 CST
  • Wednesday Market Wrap-Up with Justin Lewis  Wed, 17 Jan 2018 15:40:44 CST
  • 2018 National Wheat Yield Contest Adds Quality Component in Effort to Showcase a Greater Grain  Wed, 17 Jan 2018 10:55:19 CST
  • Beef Exports Likely to Set Full Year Records in Volume and Value- Derrell Peel Analyzes 2017 Trends  Wed, 17 Jan 2018 11:02:21 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.