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Beef Buzz News


CattleFax Says the Market is Telling Beef Cattle Producers- Buy Cows!

Wed, 09 Feb 2011 6:16:59 CST

CattleFax Says the Market is Telling Beef Cattle Producers- Buy Cows! There was discussion in many different Committee meetings at the Cattle Industry Convention last week in Denver about the concern of a beef cow herd that has dropped in size to its lowest levels in a half century.


While we are producing more beef per animal- most industry observers agree that beef herd rebuilding is overdue- and the market is offering a lot of incentive to those who are willing to pass current high prices for those cull cows and heifers- if you hold those animals and produce more calves- they should be able to sell into a record market. That was the message from the Cattlefax Seminar last week in Denver, as they forecast record high cattle prices for all classes of animals both here in 2011 as well as into 2012.


Duane Lenz of Cattlefax says the market is trying to convince folks that want to stay in the cattle business to hold more heifers for their beef cow herd- we talk about that on today's Beef Buzz.


Kevin Good, one of Duane's colleagues at CattleFax, said 2011 will be another year of tighter supplies and a "very mild" cow herd reduction. He added that stabilization is also in sight, projecting the early half of the year will bring continued reduction but suggested the decline will simmer in the latter half of 2011. The smaller herd is a "double edged sword," according to Good.


"Demand will be a notch better this year. Total domestic supplies will be lower this year than last. I am very bullish on price, which is good. But we have to start retaining heifers and rebuilding the cowherd to meet this demand and compete globally," said Good.


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.



   
    

Ron Hays Beef Buzzes with Duane Lenz of Cattlefax
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