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


Profitability May be Just Around the Corner for Feedlots, LMIC Director Says

Mon, 29 Apr 2013 17:25:21 CDT

Profitability May be Just Around the Corner for Feedlots, LMIC Director Says
Jim Robb, Director of the Livestock Marketing Information Center in Denver, indicates that the “break-evens” for the feedlot industry are finally moving in a positive direction.


“I think that really is an important turning point in our monthly calculations for the month of March. Corn prices have moderated some, especially late in the month and into April, but feeder cattle prices have had 23, 24 months of consecutive losses in our calculated numbers on cattle feeding returns. We seem to be turning a bit of a corner. We had a little bit softer on the corn market, but, importantly, we’ve had some ratcheting down in feeder cattle prices and really bringing those much more in line with the level of cattle feeding returns and profitability.


“In fact, for the last several days as we’ve calculated these up, they’ve continued to decline and our break-evens for cattle placed in early April are in the upper 120s per hundredweight. That includes all costs of production--much more realistic than we had just a few weeks ago when we were in the mid-130s and, at the beginning of March, we were in the lower 140s per hundredweight.


“So there is really a bit of a sea change going on, kind of a rationalization of the feeder cattle market. Hopefully we get a little more help on the cash corn side. And this will come together where we will be much closer to break-evens.


“The break-evens, now, are the lowest we’ve calculated since January 2012. So I think this is worth noting. And worth noting that the markets are adjusting and there is a bit of a light at the end of the tunnel, especially on the cattle feeding side and especially if we can get a decent corn crop here in 2013.”


Robb says that he believes there is a strong possibility that profitability will return to feedlots this summer.


“It’s certainly a much-different picture than a year ago and, really, a different picture than six weeks or so ago. “


Robb says disappointing exports to the Japanese market due to the value of the yen against the dollar means more beef will need to be absorbed domestically.


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.


   
   

Jim Robb talks to Ron Hays about mainly positive news in feedlot country.
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.