The Refreshing Taste of Profits in the Beef Cattle Business- Gregg Doud Explains AllFri, 07 May 2010 4:44:45 CDT
Cattle prices bounced higher again this week in the southern plains feedlots to that dollar per pound level- and feedlot sources say that at $100 per hundredweight, feedlot closeouts suggest profits of $150 per head and in some cases, more. The market reached the $100 level several weeks back- but had drifted a couple of dollars cheaper as we ended April and rolled into May.
Gregg Doud, Chief Economist for the National Cattlemen's Beef Association, says its not just feedlots making money right now- it's much of the beef piepline that handles the live animals- from the packers to the feedlots and back up to the folks with the yearlings and calves as well.
Doud talks with us about this current wave of profits- and says it is being done even as demand for middle meats continues to be soft as the economy struggles to get back on its feet.
Gregg Doud is our end of the week guest on the Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the state on the Radio Oklahoma Network- but is also 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.
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