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


Agricultural News

Derrell Peel Breaks Down the July USDA On Feed Report - Calls It an Overall Positive for the Market

Mon, 23 Jul 2018 10:17:40 CDT

Derrell Peel Breaks Down the July USDA On Feed Report - Calls It an Overall Positive for the Market

On Friday of last week, July 20th, the USDA released the monthly Cattle on Feed report. Upon its release, Radio Oklahoma Ag Network Farm Director Ron Hays caught up with Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel, for his analysis of the numbers. According to him, the July Cattle on Feed report fell right in line with average industry pre-report estimates.

June placements were 101.3 percent of one year ago, the largest June placement total since 2006. June feedlot marketings were 100.9 percent of last year, the largest June marketing total since 2011. June 2018 had one less business day compared to 2017. The July 1 on-feed total was 11.282 million head, up 4.3 percent year over year.

“So, we continue to hold that year-over-year advantage, but it’s not going up,” Peel said. “In fact, we’ve pulled it down since the early part of the year, when we had about an 8 percent year-over-year Cattle on Feed inventory in the last couple of months. Now, we’re holding at this 4… little bit over 4 percent year-over-year increase.”

While this report came in very much in line with expectations, Peel says some of the pre-repot estimates of placements were wide-ranging with some market watchers anticipating a significantly larger number. For those people, Peel says this report’s placements may be a bit of a surprise on the downside. But overall, he believes the market should not react in any negative way and may on balance be a little friendly to this report.

“The numbers are still bigger, but they are beginning to moderate a little bit,” he said. “So, we’re staying up with this increase in supply - is the way I read that.”

Listen to Peel and Hays discuss the outcome of the USDA’s latest Cattle on Feed report published at the end of last week, and what impact it will have on the market, 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.



Hear Peel and Hays discuss the outcome of the USDA's latest Cattle on Feed report on today's show.
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Steer and Heifer Calves Sold 6.00-9.00 Higher Compared to Last Tuesday at OKC West Livestock Auction  Tue, 19 Mar 2019 17:50:09 CDT
  • Manual Removal of Retained Placenta After Calving Can Be Detrimental for Future Conception Rates  Tue, 19 Mar 2019 17:40:51 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 pm Tuesday, March 19, 2019  Tue, 19 Mar 2019 17:20:59 CDT
  • Wheat Farmers Welcome New Export Opportunity from Trump Administration Agreement with Brazil  Tue, 19 Mar 2019 17:17:24 CDT
  • Gene Editing, Meat Alternatives, and Blockchain To Be On The Table At Animal Agriculture Alliance’s 2019 Stakeholders Summit  Tue, 19 Mar 2019 16:56:18 CDT
  • Night of Stars Gilt Show Set for Wednesday Evening- Expectations High for Second Year of Online Bidding  Tue, 19 Mar 2019 12:20:49 CDT
  • USDA Continues to Prevent African Swine Fever from Entering the U.S.  Tue, 19 Mar 2019 12:14:01 CDT
  • OKFB Foundation For Agriculture Accepting Donations for Farmers and Ranchers Impacted by Late Winter Storms  Tue, 19 Mar 2019 10:17:51 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com

    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.