Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

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

  • Animal Activist Groups Encouraging Followers to Harass Local Businesses to Force Their Compliance  Tue, 22 Aug 2017 11:20:39 CDT
  • Recent Tactics Being Adopted by Animal Rights Activist Groups Becoming Alarming to Agri Industry  Mon, 21 Aug 2017 11:28:25 CDT
  • OK Cattlemen's Assoc. Gears Up for Annual Range Round Up Benefiting Children's Miracle Network  Fri, 18 Aug 2017 12:52:02 CDT
  • Internet Tools a Great Resource to Help Producers Develop Marketing Strategies and Manage Risk  Thu, 17 Aug 2017 11:48:48 CDT
  • NAFTA Renegotiations Get Underway Today - NCBA's Kent Bacus Hopeful for a Positive Outcome  Wed, 16 Aug 2017 11:08:21 CDT
  • Effects of Geopolitical Concerns and Outside Influences Becoming Apparent in Global Beef Trade  Tue, 15 Aug 2017 11:39:21 CDT
  • Last Chance to Comment on WOTUS Repeal - NCBA Urges Producers Submit Comments By Aug. 28  Mon, 14 Aug 2017 11:34:35 CDT
  • To Succeed in China- US Beef Industry Must be Patient  Fri, 11 Aug 2017 20:48:08 CDT
  • Need for Japanese Trade Deal Underscored by Tariff Rate Hike, TPP'ers Now Have the Upper Hand  Thu, 10 Aug 2017 13:13:44 CDT
  • LMIC's Jim Robb Says Optimism Returning to the Marketplace As Prices Rise Above Year-Ago Levels  Wed, 09 Aug 2017 11:34:33 CDT
  • Severe Drought Conditions in the North Starting to Cause Nation's Mama Cow Herd to Dry Up into '18  Tue, 08 Aug 2017 11:37:27 CDT
  • Meet California Producer Kevin Kester, NCBA's President-elect Who's Eager to Tackle the Big Issues  Mon, 07 Aug 2017 16:04:42 CDT
  • Okla's Livestock Industry Leaders Join in Preparation for the Potential Threat of an FMD Outbreak  Fri, 04 Aug 2017 13:19:24 CDT
  • Vet Specialist AJ Tarpoff Offers Advice on Successfully Managing Peak Season Horn Fly Populations  Thu, 03 Aug 2017 16:29:16 CDT
  • NCBA's Scott Yager Urges Producers to Submit Comments to EPA in Support of Repealing WOTUS  Wed, 02 Aug 2017 13:12:33 CDT
  • Economist Shannon Ferrell Describes the Source from which the WOTUS Rule's Confusion Flows  Tue, 01 Aug 2017 11:00:00 CDT
  • Should Animal Disease Traceability Programs be Mandatory? More and More Producers Saying Yes  Mon, 31 Jul 2017 11:48:22 CDT
  • Recent Case of Atypical BSE Found in Alabama, Though a Non-Event, Proves Control Systems Work  Fri, 28 Jul 2017 12:07:47 CDT
  • "Proper Planning Prevents Pitifully Poor Performance" Says BI's Dr Tony Moravec on Parasite Control  Thu, 27 Jul 2017 13:22:46 CDT
  • Healthcare's Important, Sure… But When Will Trump Make Good on His Promise to Kill the Death Tax?  Thu, 27 Jul 2017 05:50:56 CDT
  • USDA Inventory Report Confirms Moderating Herd Expansion in 2017, Expect Feeder Supply to Grow  Tue, 25 Jul 2017 12:43:00 CDT
  • Feedlots Surprised by Placements in On Feed Reports, Derrell Peel Considers the Market's Reaction  Mon, 24 Jul 2017 12:24:49 CDT
  • The Beef Industry is Reinventing Itself Under a Time-Tested Brand: "Beef, It's What's for Dinner."  Fri, 21 Jul 2017 15:25:39 CDT
  • NCBA Helps Our DC Leaders See the Forest for the Trees - Keeps Agenda of Populist Groups at Bay  Thu, 20 Jul 2017 11:30:34 CDT
  • Industry Spot On in Producing Safe, Superior-Tasting Beef, Needs Improvement Communicating That  Wed, 19 Jul 2017 11:19:10 CDT
  • Opportunity Abounds in China But Don't Hold Your Breath - Developing Markets There will Take Time  Tue, 18 Jul 2017 10:10:31 CDT
  • Beef Exports Continue to Blaze But will Australia's Duty-Advantage Over the US Snuff Out the Flame?  Mon, 17 Jul 2017 11:12:18 CDT
  • Research Suggests Beef Just as Effective as Alternative Meats in High-Protein Weight Loss Diets  Fri, 14 Jul 2017 11:53:07 CDT
  • New Trump and EPA Administrations a "Breath of Fresh Air" to Work with Says NCBA's Colin Woodall  Thu, 13 Jul 2017 10:56:09 CDT
  • Roundtable for Sustainable Beef Working to Improve the Value Chain and Develop Consumer Trust  Wed, 12 Jul 2017 11:41:06 CDT
  • The US Beef Industry's New Norm - Staying Ahead of the Curve in Value-Added Management  Tue, 11 Jul 2017 12:26:04 CDT
  • Genomic Research Becoming an Important Driver of Profitability Across the Beef Value Chain  Mon, 10 Jul 2017 11:37:03 CDT
  • Animal Scientist Dr. Bob Weaber Calls Genomics a 'Game Changer' for the Beef Cattle Industry  Fri, 07 Jul 2017 11:04:02 CDT
  • Recent Success in Feedlot Markets Threatened by Rising Breakeven Costs, Is Red Ink on the Way?  Thu, 06 Jul 2017 11:45:50 CDT
  • After Unprecedented Strength, Wholesale Beef Prices Have Reached a Cliff, But is it Time to Panic?  Wed, 05 Jul 2017 11:47:39 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   Jan 17  |   Feb 17  |   Mar 17  |   Apr 17  |   May 17  |   Jun 17  |   Jul 17  |   Aug 17  |   Sep 17  |   Oct 17  |   Nov 17  |   Dec 17
       

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com


       
       
    © 2008-2017 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI