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


As Summer Doldrums Loom, Producers Encouraged to Stay the Course for Fourth Quarter Rebound

Wed, 30 May 2018 10:26:59 CDT

As Summer Doldrums Loom, Producers Encouraged to Stay the Course for Fourth Quarter Rebound


Just after the USDA released its latest Cattle on Feed report this past week, Radio Oklahoma Ag Network Associate Farm Director Carson Horn had the chance to speak with Jim Robb of the Livestock Marketing Information Center about some of the different environmental and economic factors currently influencing the beef markets - including the impact drought has had.


“This report definitely shows we placed cattle early, especially out of the Southern Plains, because of drought,” he said. “As we look ahead from this point forward, the drought will start to impact when these calves that are born in 2018 are weaned and what we do with our summer grazing program. It can continue to influence the feedlot placement much like they have in recent months, but we’ll have to wait and see.”


Robb also addressed the recent fall off in cattle prices that have been observed, especially in respect to finished cattle. While the decline has been fairly strong over the last couple of weeks, he says most of that adjustment was well anticipated - however, he admits it may have come at a faster pace than what was expected. This has created an incentive to market cattle early. Even so, Robb says the market is shaping up as anticipated, but cautions that the summer lows are still ahead in June and July in terms of fed cattle prices. Calf and yearling prices he expects, too, have a little ratcheting down left to do. He says much of how things play out will depend on the weather and how favorably Mother Nature decides to treat us. That said, Robb believes for the most part the industry is well positioned to take on whatever challenges may arise during the balance of this year.


“We need to continue to market cattle even though prices will erode here over the next several weeks. If we continue to do that - we set ourselves up for a nice rebound of fed cattle prices in or by the fourth quarter of 2018,” he said. “So, we need to keep doing what we’re doing on the marketing side and hope for strong movement of beef through the grocery stores and the US economy seems primed to do that.”


Listen to Robb’s full analysis of the current beef market and its influences, with Radio Oklahoma Ag Network Farm Director 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 Robb's full analysis of the current beef market and its influences, on today's Beef Buzz below
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Cattlemen Join Sheep Producers to Urge Senate Action After House Passes Manage our Wolves Act  Fri, 16 Nov 2018 11:50:40 CST
  • Allendale Analysts Estimate On Feed Placements Over 4% Above Last Year Ahead of USDA Report  Fri, 16 Nov 2018 11:39:04 CST
  • Nearly 2 Million Rural Americans and 34 States to Benefit from USDA Investment in Rural Health Care  Fri, 16 Nov 2018 11:24:00 CST
  • Oklahoma State University's FAPC Serves Up Its Top Food Safety Tips to the Thanksgiving Table  Fri, 16 Nov 2018 11:08:28 CST
  • CME's Efforts Starting to Pay Off as Benefits of Work to Improve Cattle Contracts Becomes Apparent  Fri, 16 Nov 2018 10:54:48 CST
  • Okla. Wheat Fields Generally Well-Established Despite Rain Related Complications- Bushong Reports  Fri, 16 Nov 2018 10:27:22 CST
  • Atop the RON Rural Soapbox - Former Secretary John Block  Fri, 16 Nov 2018 07:15:01 CST
  • Friday Preopening Market Update with Dave Lanning  Fri, 16 Nov 2018 07:03:27 CST

  • 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 KIS FUTURES, INC. Oklahoma Cattlemen's Association

    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.