CattleFax CEO Randy Blach Paints His Picture of the Beef Industry from the 10,000 ft. ViewTue, 27 Mar 2018 10:09:53 CDT
CattleFax CEO Randy Blach presented on several subjects over this past weekend to producers attending the Texas & Southwest Cattle Raisers Association Convention in Fort Worth. Radio Oklahoma Ag Network Farm Director Ron Hays caught up with Blach after his presentation to ask about some of the highlights of his talk - primarily the fact that the price of calves during this past year saw no seasonal low as they typically do.
“Eight out of ten years, these markets are seasonal. If we don’t have anything going on in these outside markets and if grain prices aren’t escalating or we’re in a major drought - markets are very seasonal,” Blach said. “Calf markets make their lows most years out here plus or minus October when again, 75 percent of our cow herd is spring calving and these calves come to term here in October/November. So, stands to reason why those lows occur at that time. I think we need to be prepared for that again in 2018.”
One issue Blach is keeping his eye on are the tariffs that President Donald Trump is imposing on China - more specifically, the fact that US pork is being targeted in retaliation by the Chinese. Blach says this will most certainly have an indirect, but measurable impact on US beef prices.
“We’re talking about the share of stomach here,” he explained. “If we start seeing hiccups in the pork markets - obviously we could end up with a lot more cheap pork that would be in our domestic marketplace to have to absorb and that’s where it starts to become an issue.”
Listen to Blach and Hays discuss these topics and others, including the industry’s slow response to source verification signals from the consumer and growth opportunities in China, 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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