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


Agricultural News

Dr. Derrell Peel Weighs in On Black Swan Cattle Market

Tue, 10 Mar 2020 11:39:23 CDT

Dr. Derrell Peel Weighs in On Black Swan Cattle Market

With the world markets in turmoil, we turn to the experts for help. On today’s Beef Buzz, Radio Oklahoma Farm Director, Ron Hays, talks with Dr. Derrell Peel, OSU Extension livestock economist, about the impact of the Covid-19 virus on the global beef market.

Dr. Peel compares the current situation to a “Black Swan” event in that it is a rare one-time occurrence.

However, Peel says, “We don’t know where this is going.”

“It’s a fluid situation that we may not know is over until it’s over,” Peel said.

It’s a global event that has impacted beef demand. Peel says the beef industry should still be looking for opportunities to sell despite the fact there are more competitors today.

It is no surprise that China is the primary factor, though they are not mainly known as a significant per capita beef consumer. In 2019 China purchased 30 percent of the global beef tonnage.

“The China market has just exploded in the last two years,” Peel said.

Brazil is the leading beef export country in the world, Peel said. Other global competitors include New Zealand, India, and Australia.
Click on the LISTEN BAR below to hear the complete interview with Dr. Peel as he 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

  • USDA Supply and Demand Numbers Not Great According to Rich Nelson, Chief Strategist at Allendale   Thu, 09 Apr 2020 15:11:58 CDT
  • Thursday, April 9, 2020 Market Wrap-Up with Justin Lewis  Thu, 09 Apr 2020 14:56:55 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Thursday, April 9, 2020  Thu, 09 Apr 2020 14:51:49 CDT
  • Severe Drought Expands in Oklahoma Panhandle  Thu, 09 Apr 2020 14:38:57 CDT
  • NSAC Joins With More Than 750 Organizations Calling on USDA to Provide Direct Aid to Farmers Who Rely on Local and Regional Markets  Thu, 09 Apr 2020 13:52:47 CDT
  • Oklahoma Educator Receives 2020 National Ag in the Classroom Teaching Award   Thu, 09 Apr 2020 13:50:47 CDT
  • USDA Announces Loan Maturity for Marketing Assistance Loans Now Extended to 12 Months  Thu, 09 Apr 2020 13:49:25 CDT
  • John Deere Producing Protective Face Shields for Health-care Workers  Thu, 09 Apr 2020 10:49:47 CDT

  • 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!


    Search OklahomaFarmReport.com

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

    WebReady powered by WireReady® Inc.