Promising Pasture Conditions Spark Green Fever in Cattle Country as Producers Buy Up StockersTue, 13 Nov 2018 10:51:20 CST
After the disappointment of last year in terms of wheat pasture, the conditions headed into this winter look much more promising. According to Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel, the prospect of ample wheat pasture for winter grazing has prompted many producers across the Southern Plains to buy up the large supply of stocker cattle currently being ran through auction barns. This week, he spoke with Radio Oklahoma Ag Network Farm Director Ron Hays about the present stocker situation. From what he can tell, it looks as though the numbers are peaking out right about now.
“It’s been an up and down fall, at least in Oklahoma, with the weather conditions. We’re trying to get lots of wheat pasture to come on, but we’ve had very wet conditions that have actually delayed turn out. But, that said, we are now moving into our biggest numbers for the year for the run,” Peel said. “This past week in Oklahoma was the highest weekly volume we’ve seen. I wouldn’t be surprised if this week actually puts in the seasonal peak in our overall auction volume.”
Based on what we are seeing in the marketplace, it would seem that producers have been struck with a case of “Green Fever” hoping to take advantage of those early planted wheat pastures that will soon be ready for grazing as they finish drying up from the recent moisture. The amount of pasture available this year has increased the demand for cattle and many producers have been inclined to purchase more head of cattle than they may have initially intended to this season. According to Peel, the economics of grazing cattle has held up fairly well with steady prices floating demand well into November.
“If you look at prices this fall relative to the board - they’ve been a little bit volatile depending on the day,” Peel said, “but overall, we’ve held levels that would suggest some decent return to both the cattle and the wheat pasture.”
Listen to Peel and Hays discuss the current stocker market situation and the potential for grazing cattle this winter, 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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