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


Rabobank's Don Close Says Cattle Market Has Peaked Out for the Year - Better Sell While You Can

Mon, 01 Apr 2019 19:09:55 CDT

Rabobank's Don Close Says Cattle Market Has Peaked Out for the Year - Better Sell While You Can


According to the latest reports, the US beef cow herd continues to grow compared to a year ago as does the total on feed number. Don Close of Rabobank shared his thoughts with Radio Oklahoma Ag Network Farm Director Ron Hays at the Texas & Southwest Cattle Raisers Association Convention this past weekend on the current data and the story it tells us about what is going on in the beef industry right now. Close says in his professional opinion, the data suggests that the market may have already reached its seasonal peak.


“Could we see the market ease off here for a handful of weeks - come back and check these highs in April when we get to that grilling season - very likely,” he remarked. “But, to see any additional gains from here, I just think we’re there for this year.”


However, for feeder steers and calves, Close believes there is still the potential for a market rally to occur during the typical August to September summer high - although it might be a bit weaker than normal. What is important though, he says, is to understand that futures prices are $10 cwt higher than projected cash highs for the year - or as Close interprets - probably a good time to make some sales.


Currently, the herd is reportedly at approximately 32 million head, enough to satisfy demand Close says but adds that the “crippling factor” in all this will be the number of dairy cows that are liquidated during the summer months.


“The crippling factor is when milk prices get so low they elect to liquidate and they all want to come to town on the same day,” he said. “I don’t really see the motivation to liquidate beef cows - but the dairy cows will be a problem into the third quarter.”


Listen to Close offer his full analysis of the beef cattle market, on today’s Beef Buzz - brought to you by the American Angus Association. America's breed.


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 Close offer his full analysis of the beef cattle market, on today's Beef Buzz, click or tap below.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • AFBF Leads 135 Farm Groups in Asking President Trump, Congress to Give Farmers Disaster Relief  Fri, 19 Apr 2019 13:39:42 CDT
  • Oklahoma State FSA Director Scott Biggs Contends on Farms and Ranches, Every Day Is Earth Day   Fri, 19 Apr 2019 13:35:34 CDT
  • Ag Banks Make Adjustments as Lending Remains Elevated, According to the Federal Reserve Bank  Fri, 19 Apr 2019 13:23:54 CDT
  • U.S. Grains Council Supports World Trade Organization Report Finding China Misused Corn TRQ  Fri, 19 Apr 2019 13:15:57 CDT
  • Check Out Your 2019 Southeast Area Star in Agribusiness, Colten Spears of the Atoka FFA Chapter  Fri, 19 Apr 2019 13:31:19 CDT
  • Kim Anderson Says Price Forecasts Not Great for Commodities Even Though the Weather Forecast Is  Fri, 19 Apr 2019 13:08:19 CDT
  • OKFB's Ron Justice Monitors Progress of Concerning Water Bills as Important Deadline Approaches  Fri, 19 Apr 2019 12:49:53 CDT
  • Cattle on Feed Up 2% - OSU's Derrell Peel Breaks Down the Numbers in this Month's USDA Report  Fri, 19 Apr 2019 11:00:38 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Herbs Herb Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment AFR Insurance 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.