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Agricultural News

Ron Hays and Derrell Peel Talk Cattle on Feed, the Current Cattle Market, Herd Rebuilding and More

Fri, 22 Apr 2016 15:08:17 CDT

Friday afternoon, Radio Oklahoma Ag Network Farm Director Ron Hays had the opportunity to sit down and talk with Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel. They started with the Friday April 22nd Cattle on Feed Report, but then talked about the current tough cattle market, what's ahead later in 2016, how herd rebuilding is going and what the possible strategies may be for both the stocker cattle producer as well as for the cow-calf operator.


That opening topic- the latest Cattle on Feed Report- was one that held little or no surprise, as Dr. Peel said the on feed number was what the trade was looking for, the placements number was, if anything, slightly less than what the trade anticipated and the marketings number was "dead on" with what traders were expecting.


According to USDA- Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.9 million head on April 1, 2016. The inventory was 1 percent above April 1, 2015. The inventory included 7.36 million steers and steer calves, down 1 percent from the previous year. This group accounted for 68 percent of the total inventory. Heifers and heifer calves accounted for 3.49 million head, up 4 percent from 2015.


Placements in feedlots during March totaled 1.89 million head, 5 percent above 2015. Net placements were 1.83 million head. During March, placements of cattle and calves weighing less than 600 pounds were 352,000 head, 600-699 pounds were 275,000 head, 700-799 pounds were 495,000 head, and 800 pounds and greater were 770,000 head.


Marketings of fed cattle during March totaled 1.75 million head, 7 percent above 2015.


Click on the LISTEN BAR below to hear Ron's complete conversation with Derrell Peel.



   
   

 

Ron Hays talks with OSU Livestock Market Economist Dr. Derrell Peel right-click to download mp3

 

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