Derrell Peel and Ron Hays Beef Buzz- Contemplating the January 1, 2019 Beef Cow NumberTue, 25 Dec 2018 12:23:15 CST
With less than a week of 2018 left, all eyes in the cattle business begin to focus on the new year- with many starting to project what USDA may offer in the end of January Cattle Inventory Report that is based on January first numbers.
Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel believes that one of the key numbers that will come out of that Inventory Report will be the Beef Cow Inventory number, which stood at 31.7 million head in the report that was released in January of 2018. Economists are divided over whether or not the US Beef Cow herd has grown over the last twelve months- they do agree if there is any growth from 2018 to 2019- that number will likely be a small one.
As for Dr. Peel, he tells Radio Oklahoma Ag Network Farm Director Ron Hays that he thinks there are a few more mama cows out in the country right now compared to the start of 2018- "I still expect that- I think we will be in the range of plus or minus a half a percent net herd increase on the beef cow herd side as of January One, 2019. It could be a little more or less than that- there are actually a few analysts who think we might have pulled the numbers back slightly- down slightly- I don't expect that but I would not rule that out."
Peel adds that he believes we have reached a plateau when it comes to the number of beef cows in the US herd for 2019 as well.
Peel also weighs in on what he sees for 2019- you can hear his thoughts on that and also what he knows about wheat pasture and cattle on wheat pasture at the end of 2018 by clicking on the LISTEN BAR below.
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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