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

  • Repeal of WOTUS Strikes Emotional Chord with OCA's Michael Kelsey, Reflecting on Action's Significance  Fri, 13 Sep 2019 11:36:52 CDT
  • American Angus Assoc. CEO Mark McCully Reflects on the Angus Breed's Role the Beef Industry Today  Thu, 12 Sep 2019 11:49:28 CDT
  • Fall Looking Like a Mixed Bag for Beef - Peel Advises Producers Pay Close Attention to Market Dynamics  Wed, 11 Sep 2019 10:06:31 CDT
  • Fall Looking Like a Mixed Bag for Beef - Peel Advises Producers Pay Close Attention to Market Dynamics  Wed, 11 Sep 2019 10:04:16 CDT
  • Cattle Markets Not Expected to Improve as Seasonal Demand Shifts into Lower Gear Heading into Fall  Tue, 10 Sep 2019 10:22:26 CDT
  • State Officials in Colorado Help Local Farmers, Ranchers Launch New "Better With Beef" Initiative  Mon, 09 Sep 2019 11:21:19 CDT
  • Beef Industry Soon to Launch New Campaign Leveraging Consumer Interest in the BQA Program  Fri, 06 Sep 2019 10:06:04 CDT
  • NCBA's Alisa Harrison Highlights the Tremendous Value Digital Marketing Adds to the Beef Checkoff  Thu, 05 Sep 2019 10:27:08 CDT
  • Beef Checkoff Funded Research Helping to Correct the Misconceptions Surrounding Alternative Meat Products  Wed, 04 Sep 2019 11:22:41 CDT
  • American Angus Association Rolls Out New Genomically Enhanced EPD Index Data Set  Tue, 03 Sep 2019 11:02:00 CDT
  • USDA Working on GIPSA Rules After Courts Mandate Rulemaking Process Move Forward  Fri, 30 Aug 2019 08:42:30 CDT
  • One Perspective on Animal ID and the Moving of the Cattle Industry Toward Electronic Ear Tags  Thu, 29 Aug 2019 06:16:32 CDT
  • Dr. Rosslyn Biggs Beef Buzzes About Vesicular Stomatitis with Ron Hays  Wed, 28 Aug 2019 14:20:06 CDT
  • US-Japan Trade Deal Announcement Called Huge News by USMEF CEO Dan Halstrom  Tue, 27 Aug 2019 13:50:40 CDT
  • Placements Surprise in Latest Cattlle on Feed Report- Derrell Peel Explains All  Mon, 26 Aug 2019 08:13:14 CDT
  • NCBA's Sustainability Guru Sara Place Shoots Down the Environmental Misconceptions About the US Beef Industry  Fri, 23 Aug 2019 10:29:14 CDT
  • American Angus Association Rolls Out New Genomically Enhanced EPD Index Data Set  Thu, 22 Aug 2019 10:49:14 CDT
  • K-State's Glynn Tonsor Breaks Down Cattle Market's Surprising Reaction to Tyson Packing Plant Fire  Wed, 21 Aug 2019 12:07:53 CDT
  • NCBA's Allison Rivera Holds USDA's Dragging Feet to the Fire on FMD Vaccine Bank's Implementation  Tue, 20 Aug 2019 10:12:11 CDT
  • USDA Program Designers Struggle to Balance Cost vs. Incentive in Promoting Traceability Participation  Mon, 19 Aug 2019 11:59:48 CDT
  • GIPSA Rule Resurfaces as DOJ Orders Formal Rulemaking Process – NCBA Fighting for Common Sense Solution  Fri, 16 Aug 2019 09:41:54 CDT
  • Have You Heard? Operating as a BQA Certified Producer can Command Up to $17/Head More for Your Cattle  Thu, 15 Aug 2019 11:48:16 CDT
  • Study Shows Cattle from Beef Quality Assurance Certified Producers Command Higher Premium at Auction  Wed, 14 Aug 2019 15:24:15 CDT
  • Tyson Packing Plant Fire Stirs Dramatic Industry Reaction and Speculation with Pronounced Uncertainty  Tue, 13 Aug 2019 10:20:31 CDT
  • USMEF's Dan Halstrom on the Strength of US Beef Exports to Japan Despite Its Tariff Disadvantage  Mon, 12 Aug 2019 12:25:23 CDT
  • Missouri's Meat Labeling Law Draws Backlash from Alternative Meat Proponents  Fri, 09 Aug 2019 14:16:29 CDT
  • Fall Calf Market Expected to be Driven by Higher Corn Prices with Limited Potential for Upside  Thu, 08 Aug 2019 10:01:27 CDT
  • Corn Conundrum Fuels Speculation About Future Profitability in the Cattle Markets  Wed, 07 Aug 2019 11:54:46 CDT
  • WOTUS War Nearly Won as Rule's Final Repeal Expected to be Made Official This August  Tue, 06 Aug 2019 12:11:32 CDT
  • Everything You Need to Know About Trump's Deal with the EU to Increase Market Access for US Beef  Mon, 05 Aug 2019 12:18:44 CDT
  • Blach Says Producers Reaping the Benefits of Their Focus on Better Beef Quality for Today's Consumers  Fri, 02 Aug 2019 14:09:02 CDT
  • CattleFax's Randy Blach Sees Industry Making "Massive Change" in How It Handles Risk Management  Thu, 01 Aug 2019 11:04:24 CDT
  • Checkoff's Impact Continues to Climb - Study Shows Industry Receives $11.91 for Every Dollar Spent  Wed, 31 Jul 2019 11:57:16 CDT
  • As Beef Industry Explores the Marketing Benefits of Traceability, BQA's Potential is Starting to Gain Attention  Tue, 30 Jul 2019 10:17:57 CDT
  • NCBA President Jennifer Houston on the State of the Cattle Industry, Highlights Potential Opportunities  Mon, 29 Jul 2019 12:06:11 CDT

  •  

    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!

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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA

    Search OklahomaFarmReport.com


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

    WebReady powered by WireReady® Inc.