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


What's Causing Beef Markets to Spike? Livestock Marketing Information Center's Jim Robb Explains

Tue, 09 May 2017 11:29:18 CDT

What's Causing Beef Markets to Spike? Livestock Marketing Information Center's Jim Robb Explains Four weeks in a row now, producers have watched cash cattle prices climb higher, as much as $20, with the highest price levels since August 2015. Wholesale boxed beef trade also performing well lately, up over $1600 cwt last week alone, and starting this week another $2-3 cwt higher on choice and select box beef trade. Radio Oklahoma Ag Network Farm Director Ron Hays spoke with Jim Robb of the Livestock Marketing Information Center to get a handle on what is causing this unprecedented upward movement in the market.


“The reasons we’ve had this rally are largely tied to our marketing rate,” he answered pointing to the needs of packers and a very current market situation. “The other thing we’ve had this year that has added on - a lot of hedged cattle this year.”


Robb continued describing more or less a chain reaction in the market from the hedging that impacted the basis, causing a rally in the futures which led more cattle being sold to packers early on rather than being delayed. But Robb says patterns like this tend not to perpetuate. According to him, this feels like a spike in the market more than anything, noting that if you dig deeper, volume numbers seemed to evaporate.


“It took four or five of these factors to come together to get us here,” he said. “Can they perpetuate? I think some can, but this type of percentage increase tends not to perpetuate. That doesn’t mean that we’re not going to still be profitable feeding cattle, but the meat market headwind I think is probably the dampening force.”


Listen to Hays speak with Robb as he explains his thoughts regarding the unprecedented momentum in beef trade currently, on today’s Beef Buzz.


The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is 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.




   



   

Listen to Hays speak with Robb as he explains his thoughts regarding recent spikes in beef markets
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Oklahoma Beef Industry Leader Weston Givens Offers His Takeaways from Recent Consumer Panel  Thu, 24 May 2018 11:04:29 CDT
  • As Australia Comes Back Online, the Need for a Permanent Trade Deal with Japan Becoming Critical  Wed, 23 May 2018 11:40:49 CDT
  • US-China Trade Tensions Seem to Ease Some Amid Stalled Threats of Tariff Retaliation, Trade War  Tue, 22 May 2018 10:29:46 CDT
  • Price of Beef Cows Falls to Historic Lows as Herd Expansion Starts to Plateau, So Says Randy Blach  Mon, 21 May 2018 10:04:24 CDT
  • Action Alert by NCBA- Call Your House Member and Urge a No Vote on Brat Blumenauer Amendment to 2018 Farm Bill  Fri, 18 May 2018 05:54:40 CDT
  • Are Your Cattle Getting Enough Water? Extension Specialist Justin Wagoner Shares His Summer Tips  Thu, 17 May 2018 11:30:32 CDT
  • While this Year's Beef Business Falls a Bit Short Compared to '17, It's Setting Us Up for a Strong 2019  Wed, 16 May 2018 11:50:00 CDT
  • Price of Hay Surges as US Livestock Industry Grapples with Tightest Hay Stock Supply Since 2013  Tue, 15 May 2018 11:23:07 CDT
  • NCBA Calls on USDA to Assert Jurisdiction Over 'Fake Meat' Regulation to Ensure Market Fairness  Mon, 14 May 2018 11:20:06 CDT
  • New Zoetis Implant, Synovex, Puts More Weight on Your Cattle and Less on Your Shoulders  Fri, 11 May 2018 14:23:31 CDT
  • OKC West Livestock Sale Raises $59,000 for Oklahoma Cattlemen's Foundation Wildfire Relief Fund  Thu, 10 May 2018 09:57:33 CDT
  • Persistent Drought Tightening Its Grip on Beef Cattle Producers Across the Southern Great Plains  Wed, 09 May 2018 10:29:58 CDT
  • As Smoke Clears, Derrell Peel Calculates $26.4M in Wildfire Damage to NW OK Cattle Operations  Tue, 08 May 2018 10:46:35 CDT
  • USRSB Chairwoman Says Consumer Worry Gives Industry Chance to Better Connect with Consumers  Mon, 07 May 2018 10:16:26 CDT
  • USRSB Chairwoman Says Consumer Worry Gives Industry Chance to Better Connect with Consumers  Mon, 07 May 2018 10:15:21 CDT
  • US Roundtable for Sustainable Beef Releases First-Ever National Framework for Beef Sustainability  Fri, 04 May 2018 10:02:34 CDT
  • NCBA's Jennifer Houston Says USRSB Consumer Insights Pinpoint Key Issues Industry Must Address  Thu, 03 May 2018 10:35:30 CDT
  • As Selection Tools Become More Sophisticated, Ranchers are Growing More Confident in Decisions  Wed, 02 May 2018 10:10:35 CDT
  • The Brains Behind Renowned RA Brown Ranch, Donnell Brown, Shares His Three Tips for Success  Tue, 01 May 2018 14:02:14 CDT
  • Market Analyst Calls for More Pragmatic Approach to Deal with Volatility Upon Revelations from GAO  Mon, 30 Apr 2018 11:10:09 CDT
  • Dems Expected to Draw Hard Line on Farm Bill Proposal as Markup Advances to the House Floor  Fri, 27 Apr 2018 10:26:22 CDT
  • Commercial Cattlemen Have a Crack at Genetic Selection Tools with New Technology in the Works  Thu, 26 Apr 2018 10:17:17 CDT
  • Commercial Cattlemen Have a Crack at Genetic Selection Tools with New Technology in the Works  Thu, 26 Apr 2018 10:16:02 CDT
  • Trouble Deciphering EPDs? Make It Easy on Yourself - Take Jared Decker's Advice, Use the $ Index  Wed, 25 Apr 2018 11:10:59 CDT
  • Noble Expert Shares Secrets to Building a Successful Beef Cow Herd Tailor Made to Your Operation  Tue, 24 Apr 2018 10:17:33 CDT
  • King Ranch Institute Working to Meet Industry's Need for Effective and Efficient Ranch Managers  Fri, 20 Apr 2018 15:47:02 CDT
  • For the First Time in Months- Placements of Cattle Into Feedlots Are Under a Year Ago  Fri, 20 Apr 2018 14:59:45 CDT
  • Low-Cost Production Typical of High-Profit Ranches - More Ranch Managers Who Get That Needed  Thu, 19 Apr 2018 10:24:05 CDT
  • Cattle On Feed Placements Expected to Fall Below Year-Ago Levels for the First Time in Over a Year  Wed, 18 Apr 2018 10:29:28 CDT
  • Beef Markets Managing to Stay Current, Unphased by Growing Supplies and Global Trade Tension  Tue, 17 Apr 2018 10:20:34 CDT
  • More Producer Education Becoming a Priority Investment for Checkoff as Focus Turns to Millennials  Mon, 16 Apr 2018 11:35:11 CDT
  • Conaway's Farm Bill Draft Includes Startup Funding for FMD Vaccine Bank- the Rest to Come, Maybe  Fri, 13 Apr 2018 12:47:09 CDT
  • Despite All the Hubbub Over Trade These Days - US Beef Exports are Actually Doing Pretty Well  Thu, 12 Apr 2018 12:21:01 CDT
  • NCBA Takes Proactive Steps in Addressing Fake Meat with Outline of Recommended Regulations  Wed, 11 Apr 2018 10:11:49 CDT
  • Fear of the Unknown Drags Prices Down as Growing Supply Situation Compounds Producers' Worry  Tue, 10 Apr 2018 10:08:36 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   Jan 18  |   Feb 18  |   Mar 18  |   Apr 18  |   May 18  |   Jun 18  |   Jul 18  |   Aug 18  |   Sep 18  |   Oct 18  |   Nov 18  |   Dec 18
       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association Oklahoma City Farm Show

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.