Flooding Less Devastating Than Thought with Damage at Just a Fraction of Early EstimatesWed, 03 Apr 2019 12:11:24 CDT
Early report coming in from Nebraska have estimated that recent flooding has caused the loss of 700,000- maybe even a million head of cattle. Randy Blach, CEO of the market analysis arm of the beef industry CattleFax, says those numbers are probably a bit exaggerated and the Nebraska Department of Agriculture seems to concur. Overall, though, Blach says this situation will not have an impact on the market.
"It's been very, very difficult on our cow/calf producers, on our feedyards- infrastructure has been washed away in many cases. It's going to take months and months to get back to normal. So, it's a severe deal," he said. "I don't know really how many animals have been lost, but I can say the number of animals lost has been devastating to the individual producers. But, for the industry in total, it's not a significant number."
Again, Blach contends the market as a whole should not feel much if any impact from this situation. But in Nebraska, he says there are issues developing that are rapidly effecting the performance of the markets locally. According to him, weights have quickly fallen as much as 100 lbs. lighter than they were forecast to be.
While CattleFax has not yet released an official headcount of cattle lost, their best guess is that the actual number is most likely closer to 100,000 head and perhaps even less than that. However, the report published on the CattleFax website and authored by analyst Lance Zimmerman notes specifically - this is only an educated guess and subject to future revision.
Listen to Blach's full commentary on the situation in Nebraska with Radio Oklahoma Ag Network Farm Director Ron Hays, 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.
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