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


OSU's Derrell Peel Says Cattle Markets Looking Solid as We Approach the Middle of 2019's Fourth Quarter

Mon, 11 Nov 2019 06:59:53 CST

OSU's Derrell Peel Says Cattle Markets Looking Solid as We Approach the Middle of 2019's Fourth Quarter


Fire at the Tyson beef packing plant in early August shut that facility down causing prices to go down sharply- even as Boxed Beef Prices went up sharply, and then eventually retreat. Ron Hays sat down to talk markets, and cattle prices with Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel- Hays catching up with Dr. Peel on the sidelines of the Oklahoma Cattlemen's Association Quarterly Board Meeting.


Because of the shock of the fire, cattle prices went down substantially, but have now recovered from the lows after that fire. The Good news is that beef and cattle prices look solid and strong in the aftermath of that shock. Peel remarks, “You know across the board the entire cattle and beef complex has really had a remarkable run since mid-September. We’ve had a tremendous run in cash markets, futures markets, feeder cattle, fed cattle, and the boxed beef market.”


We are in the middle of the fourth quarter now, so what does 2020 look like for the markets? Dr. Peel says we may have leveled out, or possibly plateaued on the mama cow numbers. “I think the inventory has plateaued. I’m basically expecting the January 2020 cattle inventory numbers to be plus or minus unchanged. They could be either way slightly, but I don’t look for a major change in either one of those.”


Going forward if producers want to get the highest yield for their cattle, Peel says they are going to have to do some homework. Peel mentions that the cattle industry has always struggled with the idea of balancing a commodity oriented system, which from a cost standpoint Is more efficient, against the reality that cattle and the meat products they produce are ultimately very different products, and those products have very different value potentials. “So what we are trying to do is find ways to capture more of the additional value of cattle and those products that come from those cattle and still benefit from the cost efficiencies of the commodity kind of way we manage cattle in much of our system.”


One of the most important ways to get a higher value for calves is wean time. Right now, the minimum wean time is 45 days for many of the preconditioning programs, but more and more- buyers prefer 60 to 120 days. Peel mentions “What we are seeing more of in the industry from the buyers stand point is that they really prefer 60 days minimum, and I think we are probably moving toward a norm like that.” Part of the reason for later weaning is because cattle producers still struggle with respiratory disease issues. Peel adds “This is one way for the buyers to enhance that a little bit and minimize some of those impacts”


Click on the LISTEN BAR below to hear more from Dr. Daryl Peel as he talks with Ron Hays in 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.



   
   

Ron Hays Beef Buzzes with Dr. Derrell Peel
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Tuesday, July 7, 2020 Market Wrap-Up with Justin Lewis  Tue, 07 Jul 2020 17:29:18 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Tuesday, July 7  Tue, 07 Jul 2020 16:28:49 CDT
  • Road to Rural Prosperity--2020 Oklahoma FFA Stars Reagan Klassen and Kale Miller  Tue, 07 Jul 2020 16:26:55 CDT
  • OCA Convention On Schedule For July 24-25, Tulsa, So Producers Can "Lean on Pickup" To Discuss Issues  Tue, 07 Jul 2020 13:56:08 CDT
  • State Fair of Texas Canceled for 2020 Due to Coronavirus Concerns   Tue, 07 Jul 2020 13:18:50 CDT
  • In Their Words--Praise for Inhofe's Relief For Producers Act of 2020   Tue, 07 Jul 2020 12:47:49 CDT
  • OCA Convention On Schedule For July 24-25, Tulsa, So Producers Can "Lean on Pickup" To Discuss Issues  Tue, 07 Jul 2020 12:26:11 CDT
  • Cattle Raisers Applaud Bills to Increase Beef Processing and Availability  Tue, 07 Jul 2020 10:02:49 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.