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

advertisements
   
   
   
   
   
   
   

Beef Buzz News


2012 Drought Spreads Northward, Pressures Grain and Cattle Markets

Mon, 09 Jul 2012 14:41:08 CDT

2012 Drought Spreads Northward, Pressures Grain and Cattle Markets
Drought conditions in Oklahoma this year are not yet as bad as they were a year ago, but they are worse in Nebraska through the Dakotas and Wyoming. Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel said the dry conditions are definitely having their effects on the cattle markets.

“The June Cattle on Feed Report for May showed a bigger placements number even though everybody was looking for a fairly big number, and some of that was in fact due to drought-enhanced movements. We’ll probably see some additional movement here as we go forward. And we can move them early just like we did last year, but that means at some point there will be less in behind them. So, once again, we’re changing the supply of a limited number of feeder cattle.”

Hopes that Oklahoma ranchers would be rebuilding herds liquidated due to drought last year are evaporating.   As ranchers in Missouri, Kansas, and Nebraska are now feeling the 2012 drought’s full force, markets are responding, Peel said.

“This year, already, we’re seeing more direct impacts, more negative impacts on cattle prices more like you would expect with a drought.

“The biggest surprise of 2011 was the fact that we saw relatively muted negative impacts on prices despite the volume of cattle that were reported to move, both feeder cattle and culled cows.

“This year, it looks like the market is a little more vulnerable to that. I think it’s a combination of those direct-route effects that the feed price affects and the fact that we’re still bringing in lots of feeder cattle from south of the border right now to bolster the supply short-term.”

Peel said that higher feed grain prices and deteriorating forage conditions in last year’s drought areas are not good news for the cattle marketplace.

“It certainly is not when you look at the level of losses that the feedlots have already been enduring. They were pinning a lot of hopes on a big corn crop and at least some relief in feed prices. That’s all just evaporated very quickly here in recent days and, now, the feedlots face an even dimmer prospects in terms of higher feeder cattle prices, high feed prices, and continued limited supply of the cattle all of which are going contribute to continued losses, and significantly large losses for that sector of the industry.


The Beef Buzz is a regular feature heard on radio stations around the region 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.


Click on the LISTEN BAR below to hear Derrell Peel's full analysis of the impact of the 2012 on cattle markets.

   
   

Derrell Peel talks about the effects of the 2012 drought on cattle markets.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Cattle on Feed Up 2% - OSU's Derrell Peel Breaks Down the Numbers in this Month's USDA Report  Fri, 19 Apr 2019 10:59:59 CDT
  • Certified Angus Beef Just Passed 1 Billion Pounds in Annual Sales, But Can They Really Hit 2 Billion?  Thu, 18 Apr 2019 10:17:19 CDT
  • Speculation Swirls Over Potential Opportunities for US Meat Industry in Wake of African Swine Fever  Wed, 17 Apr 2019 10:36:17 CDT
  • Register Now to Attend the 2019 Hemphill Beef Cattle Conference Featuring Dr. Temple Grandin  Tue, 16 Apr 2019 10:22:45 CDT
  • Monday April 15th is Deadline for Submitting Comments to EPA on Waters of the US Rule  Sun, 14 Apr 2019 14:25:12 CDT
  • Consumer Priorities Can Change, But These 3 Things Never Fall Off the List - Taste, Flavor, Juiciness  Fri, 12 Apr 2019 10:18:04 CDT
  • CAB: 1 in 5 Fed Cattle in North America Hit Certified Angus Specs Thanks to Producers' Commitment to Quality  Mon, 15 Apr 2019 05:02:54 CDT
  • Beef Industry's Digital Strategy Beginning to Reach Maturity as Millennials and Gen-Z Come of Age  Wed, 10 Apr 2019 10:21:56 CDT
  • That Chuck is One Quick Study - Alisa Harrison Explains How Industry's New AI Spokesman Works  Tue, 09 Apr 2019 10:48:32 CDT
  • Simmental Association Launches Exciting New Project Designed to Expand Carcass Data Collection  Mon, 08 Apr 2019 11:26:50 CDT
  • NCBA's Colin Woodall Says Green New Deal Only Helps Strengthen Beef Industry's Credibility  Fri, 05 Apr 2019 14:09:25 CDT
  • China Trade Talks Seem to be Progressing Well, But You Know China... You Really Never Can Tell  Thu, 04 Apr 2019 12:18:11 CDT
  • Flooding Less Devastating Than Thought with Damage at Just a Fraction of Early Estimates  Wed, 03 Apr 2019 12:10:47 CDT
  • Analyst Randy Blach Says Margins a Little Tight This Year, But Cow/Calf Sector Remains Profitable  Tue, 02 Apr 2019 12:48:41 CDT
  • Rabobank's Don Close Says Cattle Market Has Peaked Out for the Year - Better Sell While You Can  Mon, 01 Apr 2019 19:07:29 CDT
  • CoBank Analyst Will Sawyer Sees Great Opportunity in Continued Growth of Meat Export Business  Fri, 29 Mar 2019 11:33:48 CDT
  • NEWSFLASH: Changing Your Diet Won't Change the Environment - In Case You Weren't Aware  Thu, 28 Mar 2019 10:45:50 CDT
  • Left's Anti-Ag Agenda Exposed as Dems Fail to Uphold Green New Deal in Embarrassing Defeat  Wed, 27 Mar 2019 11:33:00 CDT
  • Grilling Season is Upon Us - Beef Demand Expected to Climb as Markets Approach Seasonal Peaks  Tue, 26 Mar 2019 10:24:40 CDT
  • Higher Than Expected Placements Take Industry by Surprise in Latest USDA Cattle on Feed Report  Mon, 25 Mar 2019 11:52:24 CDT
  • Is Your Ranch Operation Not Performing Like It Should? May be Time for a New Management Plan  Fri, 22 Mar 2019 11:31:24 CDT
  • If Analysts Have it Right, USDA's March On Feed Report May Show First Inventory Decline in Years  Thu, 21 Mar 2019 15:12:42 CDT
  • Per Capita Meat Supplies May Back Off Slightly in 2019- Which Could Be Supportive of Cattle Prices  Wed, 20 Mar 2019 10:44:37 CDT
  • Cattle UpCycle Feedstuffs Not Usable by Humans- A Sustainable Success Story for the Beef Industry  Tue, 19 Mar 2019 08:38:28 CDT
  • Selecting for Leg and Hoof Structure- Dr. Jennifer Bormann Says a Genetic Baseline is Being Developed  Mon, 18 Mar 2019 09:02:37 CDT
  • NCBA Chief Vet Dr. Kathy Simmons Explains the Necessity of Responsible Antimicrobial Stewardship  Fri, 15 Mar 2019 11:34:50 CDT
  • BQA Program Highly Regarded as Producers' Most Important Tool to Ensure Quality Beef Production  Thu, 14 Mar 2019 12:48:31 CDT
  • 2018 an Exceptional Year for US Beef Exports Especially in Asian Market Despite Current Challenges  Wed, 13 Mar 2019 10:58:19 CDT
  • Meat Scientist Brad Morgan Unphased by Rise of Fake Meat, Says It's No Competition for Real Thing  Tue, 12 Mar 2019 12:01:16 CDT
  • Market Watcher Derrell Peel Says USDA On Feed Report Suggests Spring Weather Market Brewing  Mon, 11 Mar 2019 12:22:29 CDT
  • Beef Industry Claims Major Victory in Fake Meat Fight But NCBA's Colin Woodall Says War's Not Over  Fri, 08 Mar 2019 13:02:24 CST
  • If US-China Relations Fixed, Beef Demand Could Grow Exponentially - Unless Recession Gets in Way  Thu, 07 Mar 2019 11:32:46 CST
  • NCBA's Alisa Harrison Explains Why Checkoff Research is so Critically Important to the Beef Industry  Wed, 06 Mar 2019 14:25:56 CST
  • Industry Seeing a Return on Its Digital Investment - NCBA's Alisa Harrison Says Strategy is Working  Tue, 05 Mar 2019 13:05:18 CST
  • There's a New Expert in Town and His Name is Chuck- NCBA Formally Launches Chuck Knows Beef  Mon, 04 Mar 2019 12:14:30 CST

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   2018  |   Jan 19  |   Feb 19  |   Mar 19  |   Apr 19  |   May 19  |   Jun 19  |   Jul 19  |   Aug 19  |   Sep 19  |   Oct 19  |   Nov 19  |   Dec 19
       

    Ron salutes our daily email sponsors!

    Herbs Herb Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment AFR Insurance Oklahoma City Farm Show Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.