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


Katelyn McCullock says 2020 is the Year for Boosting Live Cattle Prices

Tue, 04 Feb 2020 09:27:44 CST

Katelyn McCullock says 2020 is the Year for Boosting Live Cattle Prices


The USDA's Cattle Inventory report came out last Friday afternoon, and we heard some comments from OSU Economist, Dr. Derrell Peel, as to what those numbers meant. But we also wanted to share with you some additional information from Katelyn McCullock, the Director of the Livestock Information Center in Denver, Colorado.

She says the number that really jumps out at her from the report is the beef-heifer replacement number, "Beef heifers held for replacement were down 2%, and that was probably the biggest divergence from what the pre-reports were suggesting. The pre-report estimates suggested replacement heifers for beef cows would probably down closer to three and a half percent, so quite a few more heifers held back for replacement than what the consensus was. That other heifer number, those heifers that were placed into feedlots, increased eight-tenths of a percent. That's a little bit less than probably what the pre-reports were showing they were thinking was up closer to 2%."

McCullock said, going forward, what that number means for beef cow herds is that we are definitely not expanding anymore, "This report shows maybe more of a moderate, meandering decline in the overall beef cow herd. Over the next several years, that heifer number suggests that there are still probably a fairly high number of replacements out there. So if we do get the demand from China or any export market, this inventory level could turn around actually fairly quickly at this point."

McCullock says overall, the report was positive for the cattle industry, "I would still say the report is fairly positive for the cattle industry moving forward, some of these other factors that we've talked about still remains to be seen, but the underlying fundamental is that we're going to have less cattle available for slaughter and less cows moving forward for subsequent years which should, in turn, boost live cattle prices."

Click on the LISTEN BAR below to hear the complete interview with Katelyn McCullock as she talks With 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.


   

   

right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, February 21, 2020  Fri, 21 Feb 2020 16:26:48 CST
  • Friday, February 21, 2020 Market Wrap-Up with Justin Lewis  Fri, 21 Feb 2020 14:46:56 CST
  • OKFB Women's Leadership Committee Coming Up Wednesday Feb 26th   Fri, 21 Feb 2020 10:46:53 CST
  • ASF Virus Can Stay Infectious Much Longer than Originally Thought  Fri, 21 Feb 2020 10:21:46 CST
  • FoodChain ID Named Official Certification Body of the U.S. Hemp Authority   Fri, 21 Feb 2020 10:16:55 CST
  • Don Close on the Impact of More Dairy Calves for Beef Consumption   Fri, 21 Feb 2020 09:23:22 CST
  • American Hereford Association Announces New Opportunities for 2020  Fri, 21 Feb 2020 11:46:46 CST
  • Consolidated Beef Producers, Bruce Cobb takes Role at Certified Angus Beef   Fri, 21 Feb 2020 09:14:41 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    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.