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


Markets Well Down the Road to Recovery as Heat from the Tyson Fire Cools Down

Wed, 09 Oct 2019 05:55:04 CDT

Markets Well Down the Road to Recovery as Heat from the Tyson Fire Cools Down


It has been a full two months since the infamous August fire incident shuttered the Tyson meat packing plant in Holcombe, Kan. occurred. Though the plant is still closed and likely to remain that way until at least the end of the year, Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel says both the industry and the markets are slowly starting to recover from the incident.


“There are still some impacts of the packing plant fire in cattle markets to some extent. It is fading as we expected relatively quickly for the most part,” Peel remarked, crediting the competency of the packing industry in its ability to quickly and effectively react to the situation. “The packing industry really did a good job of doing some emergency things- particularly large Saturday kills to keep slaughter rates up. So, we’ve continued to move cattle. There’s been no significant back log of fed cattle that didn’t get processed in a timely way.”


As a result, Peel reports that the boxed-beef market quickly shot up and just nearly as quickly retreated back to price levels consistent with where they typically are this time of year. The feeder cattle market too, which Peel says initially gapped down on the futures significantly impacting cash markets, is starting to bounce back. What has been most affected, though, is the fed cattle market. According to Peel, there is a tight squeeze on packing capacity currently as it continues to be pressed nearly to its limits. Keeping fed cattle supplies moving through the pipeline in a timely fashion is proving to be the most challenging task of all.


Peel’s counterpart at Kansas State University, Dr. Glynn Tonsor, agrees with the assessment that the industry is well on its way down the road to recovery. Tonsor, offering his own remarks on the developing situation, praised the industry for being so successful in what it has been able to do moving fat cattle through the pipeline.


Listen to the full remarks of both Tonsor and Peel as they offer their analysis of the current beef market performance since the packing plant fire, on today’s Beef Buzz with Radio Oklahoma Ag Network Farm Director Ron Hays.


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.




   



   

Ron Hays Beef Buzzes with Derrell Peel and Glynn Tonosr on the aftermath of the Tyson Fire.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • NCBA Calls Phase One US-Chna Trade Deal Completion Welcome News  Fri, 13 Dec 2019 14:38:16
  • NCBA's Kent Bacus Digs Into the Details of the USMCA Deal  Fri, 13 Dec 2019 11:25:59 CST
  • US-China Phase One Trade Deal Called a Real Breakthrough  Fri, 13 Dec 2019 09:03:59
  • Thursday December 12 2019 Market Wrapup with Justin Lewis  Thu, 12 Dec 2019 22:07:26
  • Dead Ahead- OSU's Kim Anderson Sees Quiet Holiday Markets   Thu, 12 Dec 2019 20:31:09 CST
  • Livestock Producers Applaud Skipwith Confirmation, Encourage Vote on Pending Nominees  Thu, 12 Dec 2019 17:30:06 CST
  • NMPF Statement Dr. Stephen Hahn’s Confirmation as FDA Commissioner  Thu, 12 Dec 2019 17:27:23 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Thursday, December 12, 2019  Thu, 12 Dec 2019 17:24:28 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.