Beef Buzz News
What a Difference a Year Makes: Economist Derrell Peel Watches Beef Demand Carefully
Thu, 25 Apr 2013 16:27:56 CDT
Derrell Peel looks at beef demand for signs of market improvement.
Pastures are getting better in the southern plains. Ponds are starting to refill. Oklahoma State University Livestock Market Economist Dr. Derrell Peel says the contrast with last year couldn't be more stark.
“We were ahead of schedule last year, warmer much sooner than usual. This year we are exactly the opposite. We are much later, slow to green up. We are finally getting some moisture that’s relieving at least some of our short-term drought concerns, but now we’ve got to have some warm weather to really capitalize on that.
“I think that’s still affecting producers here in terms of getting on with their spring plans. I don’t think we’re seeing the demand for stocker cattle that we will see when the weather warms up. Certainly, as you go north of here, we’ve still got winter conditions in many cases. Recent big snows continuing that have extended feed demands for a lot of producers. In fact, we’ve seen increased beef cow slaughter the last two or three weeks over last year’s levels. We would expect to be down from last year and significantly down from last year if, in fact, we weren’t liquidating. And I think we are seeing some short-term liquidation here simply because some of these producers have run out of resources before they ran out of winter.”
Peel said economists will be carefully watching the beef cow slaughter numbers after the weather improves to see how much it drops back down to begin to tell if the herd is stabilizing or continuing to fall.
Winter weather is having an effect on consumers and their demand for beef. The late grilling season is weighing significantly on demand, Peel said. He said economists will be watching very closely over the next few weeks to see if demand will go up as the weather improves.
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.
right-click to download mp3
WebReadyTM Powered by WireReady® NSI
Rabo Agrifinance’s Don Close Shares His Top Four “Unknown Unknowns” of the Beef Industry in 2019 Fri, 14 Jun 2019 09:29:13 CDT
Despite Minor Declines, US Beef Export Business Continues to Perform Well as Fringe Markets Grow Thu, 13 Jun 2019 13:19:37 CDT
Cattle Market Under Pressure as Corn Plantings Continue to Struggle, Adding to Price Weakness Wed, 12 Jun 2019 11:07:37 CDT
Government Cracks Down on Sue and Settle Tactics Employed by Environmental Activist Groups Tue, 11 Jun 2019 10:28:55 CDT
Industry Has Its Work Cut Out for Itself as Wildlife Service Weighs Listing the Lesser Prairie Chicken Mon, 10 Jun 2019 11:19:40 CDT
NCBA's Colin Woodall Calls Out Misconceptions About Fake Meat's Claims of 'Zero-Sum' Production Fri, 07 Jun 2019 10:49:24 CDT
Donnell Brown Proclaims Efficiency the Next Great Frontier, Genomic Enhancement will Get Us There Thu, 06 Jun 2019 09:53:06 CDT
Generational Transfer Happens Whether We're Prepared for it or Not - So Why Not Plan Ahead Now Wed, 05 Jun 2019 09:42:15 CDT
Food Industry Leader John Patrick Lopez Says Sharing Agriculture's Story is Everyone's Responsibility Tue, 04 Jun 2019 10:15:01 CDT
OKC-Based Processor Behind McDonald's Non-Frozen Beef Menu Brings Chain Some Fresh Sizzle Mon, 03 Jun 2019 11:57:26 CDT
China's African Swine Fever Problem Largely Seen as a Positive for US Ag- But What's the Downside Fri, 31 May 2019 10:20:36 CDT
Angus Dollar Value Index Upgraded to Meet Today's Economic Conditions, Dan Moser Explains Thu, 30 May 2019 10:59:45 CDT
Greenhouse Gas Guru, Mitloehner, Says Cow-Fart Protestors Spread More Manure than Beef Industry Wed, 29 May 2019 09:40:47 CDT
USDA Reports Highest May 1 Inventory of Cattle on Feed Since '96 - Derrell Peel Shares His Analysis Tue, 28 May 2019 10:21:29 CDT
Scott Yager Says Beef Industry Pushing Back on Green New Deal Plan to Eliminate Cattle Production Fri, 24 May 2019 10:38:05 CDT
Eco-Activists Muddy the Waters Again with New Supreme Court Filing as WOTUS Debate Wraps Up Thu, 23 May 2019 09:59:08 CDT
Rancher Debbie Lyons-Blythe Defends Beef Industry's Proactive Efforts in Fighting Climate Change Wed, 22 May 2019 11:18:13 CDT
OSU's Market Watcher Derrell Peel Optimistic Stability will Return to Cattle Markets this Summer Tue, 21 May 2019 11:34:29 CDT
Japan Lifts 30-Month Rule on US Beef Imports, Creates Room for Potential $200M in Additional Value Mon, 20 May 2019 11:59:19 CDT
NCBA's Colin Woodall Encourages Producers to Hang Tough as US-China Trade Talks Flare Up Fri, 17 May 2019 12:08:49 CDT
US Meat Exports Fail to Meet Expectations During First Quarter of 2019, Will this Trend Continue? Thu, 16 May 2019 11:31:30 CDT
Time to Turn Heat Up on Trade Talks with Japan, Bacus Says It's Been on the Backburner Too Long Wed, 15 May 2019 09:50:39 CDT
US-China Tensions Flare as Trade Talks Near End, NCBA's Kent Bacus on Trump's Hardball Strategy Tue, 14 May 2019 10:36:10 CDT
Beef Industry Leaders Form International Coalition to Advocate for USMCA's Speedy Ratification Mon, 13 May 2019 10:45:22 CDT
Donnell Brown Proclaims Efficiency the Next Great Frontier, Genomic Enhancement will Get Us There Fri, 10 May 2019 05:37:48 CDT
Slow Corn Planting Caused by Recent Rains Dampen Spirits in Cattle Industry, Derrell Peel Explains Thu, 09 May 2019 10:42:38 CDT
Generational Transfer Happens Whether We're Prepared for it or Not - So Why Not Plan Ahead Now Wed, 08 May 2019 10:08:19 CDT
Food Industry Leader John Patrick Lopez Says Sharing Agriculture's Story is Everyone's Responsibility Tue, 07 May 2019 10:55:34 CDT
OKC-Based Processor Behind McDonald's Non-Frozen Beef Menu Brings Chain Some Fresh Sizzle Mon, 06 May 2019 11:41:35 CDT
Greenhouse Gas Guru, Mitloehner, Says Cow-Fart Protestors Spread More Manure than Beef Industry Fri, 03 May 2019 12:08:47 CDT
BQA Program Continues to Benefit, Improve US Beef Industry as More Producers Commit to Quality Thu, 02 May 2019 10:03:30 CDT
Producers Crying Over Spilt Milk as Dairy Herd Liquidation Continues to Impact Beef Cattle Market Wed, 01 May 2019 10:34:19 CDT
US Beef Export Sales Down Slightly During Q1 Compared to Record 2018 Sales But Volume Still High Tue, 30 Apr 2019 11:31:45 CDT
Governor Kevin Stitt Signs Priority Legislation Protecting the Integrity of Beef in the Marketplace Mon, 29 Apr 2019 11:54:18 CDT
Emerging Segment in Beef Pipeline Gains Importance - Rabo Analyst Don Close Explains Grow Yards Fri, 26 Apr 2019 10:05:33 CDT