Agricultural News
Tighter Cattle Numbers Are the New Reaility- We Talk With OSU's Derrell Peel
Sat, 20 Oct 2012 12:10:25 CDT
Extension Livestock Market Economist Dr. Derrell Peel talked with Farm Director Ron Hays of the Radio Oklahoma Network about a variety of subjects on Friday afternoon in his office on campus at Oklahoma State University. The starting point of the conversation was the October 2012 USDA Cattle on Feed Report, which shows three percent fewer cattle in US feedlots compared to one year ago. More importantly, it shows we are beginning to run short on calves to place into the feedlots, with placements off 19% from one year ago.
Click here to review the actual report from USDA.
Hays and Peel discussed a variety of related beef and cattle supply and demand issues, including dwindling supplies of Mexican cattle, drought impacts, carcass weights, consumer demand, prospects of rebuilding the mama cow herd and how each segment of the cattle production chain may fare in this era of a smaller US cattle herd.
Click on the LISTEN BAR below to hear Hays and Peel and their full conversation from Friday afternoon. Dr. Peel will be the featured guest the week of October 22nd on the Radio Oklahoma Network's Beef Buzz.
Ron Hays talks cattle and beef market outlook with Dr. Derrell Peel.
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