Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   
   

Agricultural News


No Surprises in USDA Cattle Inventory Report - Derrell Peel Says Numbers Reflective of Expectations

Wed, 31 Jan 2018 18:12:13 CST

No Surprises in USDA Cattle Inventory Report - Derrell Peel Says Numbers Reflective of Expectations The United States Department of Agriculture, Wednesday afternoon, released the Cattle Inventory report based on January 1, 2018 data. Radio Oklahoma Ag Network Farm Director Ron Hays reached out to Dr. Derrell Peel, extension livestock market economist, for his analysis of the numbers in that report. Peel’s initial reaction is that the report came in very much as expect with few surprises. Listen to his complete breakdown of the numbers and industry outlook, by clicking or tapping the LISTEN BAR below at the bottom of the page.


According to the report, Texas again led the nation with a beef cow herd size of 4.585 million head, nearly 125,000 head more than the previous year. Texas was followed by Missouri with 2.166 million head, up from 2017, and Oklahoma up slightly as well with 2.131 million head. Kansas ranked further down the list with a slight year-over-year decrease at 1.5 million head and Arkansas further still with only a margin increase from a year ago at 924,000 head.


Nationally, the total cattle inventory was up 7/10 of a percent at 100.7 percent above a year ago. The beef cow number is reported up 1.6 percent; beef replacement heifers down 3.7 percent; and other heifer categories were all measured close to expectations. Overall, the beef cow herd increased during the past year by approximately 1.6 percent, coming in at a total 31.72 million head.


“What it says in the broader picture is that herd expansion did continue in 2017,” Peel remarked. “But it continued at a significantly slower pace than the two years prior to that.”


Texas is the usual annual leader in this report, however both Oklahoma and Missouri typically fluctuate in their respective ranking. Last year, Oklahoma placed behind Texas in the lineup, but has in this year’s report flip flopped with its contender Missouri for the runner-up position. Although it is worth noting that Oklahoma still remains among the top three states on the beef cow herd list.


   





   

Click below to hear Derrell Peel offer his complete analysis of the Cattle Inventory report from USDA
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Slaughter Bulls Sell Mostly 2.00 Higher with Slaughter Cows Unevenly Steady Monday at OKC West  Mon, 21 May 2018 15:01:39 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Monday, May 21, 2018  Mon, 21 May 2018 14:26:59 CDT
  • Monday Market Wrap-Up with Justin Lewis  Mon, 21 May 2018 14:01:10 CDT
  • Monday Afternoon Market Wrap-Up with Carson Horn  Mon, 21 May 2018 13:55:42 CDT
  • County Extension Offices Now Offering Local Cotton Producers Dicamba Application Training  Mon, 21 May 2018 12:31:33 CDT
  • Wyoming's Thaler Land & Livestock Swears by BioZyme's Vita Charge Products for Healthy Calves  Mon, 21 May 2018 11:25:36 CDT
  • The Role of Heifers in the US Beef Production System Continues to Grow According to Derrell Peel  Mon, 21 May 2018 11:05:33 CDT
  • Make Plans Now to Attend PORK Academy Seminars Scheduled During the 2018 World Pork Expo  Mon, 21 May 2018 10:30:46 CDT
  • Congressman Frank Lucas Reacts to Farm Bill's Defeat in US House from Washington with Ron Hays  Mon, 21 May 2018 15:17:01 CDT

  • 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.