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


Derrell Peel Takes a Close Look at the Big Picture of Oklahoma's Beef Market Opportunities This Fall

Mon, 15 Oct 2018 15:13:41 CDT

Derrell Peel Takes a Close Look at the Big Picture of Oklahoma's Beef Market Opportunities This Fall


As we settle into the fall season, beef producers in Oklahoma are starting to get serious about their options and which direction they want to take their businesses this year. One strategy for stockers is of course to graze out wheat pasture which is establishing nicely across the state in most areas. However, each sector of the industry is different and profit potential will likewise be adjusted according to the differences in each operation’s management. Radio Oklahoma Ag Network Farm Director Ron Hays reached out to Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel to get his analysis of the cattle industry and where producers can expect to find the most opportunity this year.


“You look at the different sectors, obviously it’s a complex industry,” Peel said. “Cow/calf producers, I think there’s a modest opportunity for profits. There’s wide variation in the cost structure across those producers. But, the most efficient producers and the best cost managers I think clearly are profitable at these price levels.


“Stockers is much more of a short-term margin thing- the budgets have actually looked fairly attractive this fall for the most part even though we have bid up prices and taken some of that out in the last couple of weeks. And feedlots have struggled a bit at times, although we’ve seen a little bit of recovery in fed cattle prices. So, fed margins look a little better as well this fall.”


Peel says strong wholesale and retail beef prices have maintained in recent weeks as well which have limited packer margins some but overall still remain favorable to stakeholders. However, Peel says the wet, sloppy weather that has occurred recently is starting to catch up to us- which he expects will manifest its overall impact on the market as the seasonal beef cycle progresses.


“We’re probably not going to see additional increases - the seasonal pressure will build as we go through October here into early November,” he remarked. “So, we’ll hold these prices probably more steady then anything, perhaps even a little lower.”


Listen to Peel’s full analysis of fall beef market patterns and where the profit potential exists this year, 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's full analysis of fall beef market patterns and where the profit potential exists this year below
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • State Veterinarian Mandates Show Swine Exhibitors in Oklahoma Adopt Electronic Identification Tag  Wed, 14 Nov 2018 15:37:13 CST
  • OSU Meat Judging Team Named National Champions at 2018 International Meat Judging Contest  Wed, 14 Nov 2018 15:21:40 CST
  • Feeder Steers and Heifers Sell Steady to Weak on Wednesday at OKC West Livestock in El Reno  Wed, 14 Nov 2018 15:12:27 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, November 14, 2018  Wed, 14 Nov 2018 15:07:17 CST
  • Wednesday Market Wrap-Up with Justin Lewis  Wed, 14 Nov 2018 14:11:08 CST
  • Wednesday Afternoon Market Wrap-Up with Carson Horn  Wed, 14 Nov 2018 13:55:44 CST
  • Environmental Defense Fund, National Corn Growers Assoc Partner to Scale Conservation Holistically  Wed, 14 Nov 2018 12:05:05 CST
  • Time is Running Out as Congress is Urged to Pass a New Farm Bill with Only a Few Days Left in 2018  Wed, 14 Nov 2018 11:49:59 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.