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


Rabo's Don Close Expects to See Year-Over-Year Increase in US Cow Herd Number Come January 1

Wed, 11 Oct 2017 10:48:04 CDT

Rabo's Don Close Expects to See Year-Over-Year Increase in US Cow Herd Number Come January 1 During the Texas Cattle Feeders Association Convention held at the beginning of this week, Radio Oklahoma Ag Network Farm Director Ron Hays had the chance to speak with Don Close, cattle market watcher for Rabo AgriFinance, about where the industry stands when it comes to the US beef cow herd. According to him, the nation’s herd continues to grow as 2017 approaches its end, and he says, too, that price opportunities appear favorable for the coming year as well.


“All of our long-range work really suggests to us that we’re still expanding numbers,” Close said, clarifying that there has been more displacement of cattle in the West where fires have raged rather than actual liquidation. “Our data implies we’re still expanding, although at a substantially slower pace than what we did any of the previous three years.”


Close says he fully expects the January 1, 2018 numbers to be larger year-over-year, but admits that the displacement of cattle from the multiple natural disasters that have occurred this year, have indeed created a cloud of uncertainty. The good news cow/calf producers can count on though, is that calf prices have been notably stronger this year compared to last. He believes calves currently are a good value and says cow/calf producers have recognized the more attractive price at which calves are currently trading. But he adds also, that calves are selling at a price level that provides a reasonable profit opportunity for cattle feeders who are taking advantage of an inverted basis and the strength in deferred live cattle contracts. Looking ahead, while no official projections have been made just yet, Close says he sees continued profitably in during the first of the year.


“Right now, I think we’re ok,” he said. “For late first, early second quarter - a spring high - I’m kind of thinking that mid $1.20 - $1.30 for a fed steer price. Clearly, with the majority of the cattle that are on feed today, we’ll still see some very solid profit opportunities.”


Listen to Don Close of Rabo AgriFinance and Ron Hays discuss the ongoing expansion of the US cow herd, and what producers can expect to see in the cattle markets for early next year, 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.



   



   

Hear Don Close of Rabo AgriFinance and Ron Hays discuss the US cow herd's ongoing expansion
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • New Acquisitions Allow National Livestock to Better Serve Customers, Offers More Marketing Options  Thu, 14 Dec 2017 11:19:07 CST
  • Mexico's Changing Market Giving US Cattle Feeders a Run for Their Money as Competition Grows  Wed, 13 Dec 2017 11:41:48 CST
  • Angus Genetics Inc. President Dan Moser Says Advanced Genetic Tools Add Tremendous Value  Tue, 12 Dec 2017 11:10:02 CST
  • NCBA Offers Producers a Premier Educational Opportunity at the 25th Edition of Cattlemen's College  Mon, 11 Dec 2017 11:10:26 CST
  • Cattle Market Economist Derrell Peel Looks into His Crystal Ball for What Lies Ahead in 2018 Markets  Fri, 08 Dec 2017 10:08:01 CST
  • Market Watcher Derrell Peel Looks Back on the Remarkable Success of the Beef Business in 2017  Thu, 07 Dec 2017 10:56:07 CST
  • What Won't Animal Rights Activists Resort to? AAA's Kay Smith Shines Light on Their Criminal Activity  Wed, 06 Dec 2017 10:25:00 CST
  • Ag Advocate Kay Johnson Smith Calls on Industry to Stand Up Against Pressure from Animal Activists  Tue, 05 Dec 2017 10:18:47 CST
  • Animal Ag Alliance's Kay Johnson Smith Exposes the True Goal of Animal Activists and Their Tactics  Mon, 04 Dec 2017 10:17:40 CST
  • Vet Mike Apley Says Antibiotic Use in Animal Agriculture is a Matter of Judicious Use vs. Stewardship  Fri, 01 Dec 2017 10:10:26 CST
  • MU's David Patterson's Holistic Evaluation Strategy Helps Enhance Replacement Heifer Performance  Thu, 30 Nov 2017 11:54:45 CST
  • Producers Now Able to Diagnose BRD in Under 8 Seconds Thanks to Merck's New Whisper System  Wed, 29 Nov 2017 11:01:58 CST
  • Slow and Steady Wins the Race - Early Investment in Emerging Markets Promise Valuable Returns  Tue, 28 Nov 2017 11:35:11 CST
  • USMEF Prepares for a Leaner Year as the Threat of Increased Competition Grows from Down Under  Mon, 27 Nov 2017 11:37:53 CST
  • Markets in 2017 a Pleasant Surprise But Bigger Calf Crops Could Hinder Producers' Future Profitability  Fri, 24 Nov 2017 11:25:58 CST
  • Temporary Waiver on Looming ELD Mandate Buying NCBA Time to Negotiate Long-Term Exemption  Wed, 22 Nov 2017 11:55:52 CST
  • OSU's Deb VanOverbeke Says Industry Showing Notable Improvement in Latest Beef Quality Audit  Tue, 21 Nov 2017 10:15:52 CST
  • The Beef Industry is Evolving and Certified Angus Beef is Setting the Curve in Value-Based Marketing  Mon, 20 Nov 2017 11:23:36 CST
  • NCBA's Tax Maven Danielle Beck Talks Turkey on Pre-Thanksgiving Tax Package and Its Impact  Fri, 17 Nov 2017 11:46:41 CST
  • Mark McCully of Certified Angus Beef, Connecting the Dots Between Producers and Profitability  Thu, 16 Nov 2017 10:19:37 CST
  • WTO Rules in Favor of US Claims Against Indonesia Giving US a Chance to Grow Its Market Share  Wed, 15 Nov 2017 11:46:57 CST
  • NCBA's Collin Woodall Praises Trump Admin. for Its Actions to Alleviate the Regulatory Burden on Ag  Tue, 14 Nov 2017 11:09:07 CST
  • While Trump's Trade Rhetoric May Just be a Negotiation Tactic, We Can't Afford to Take a Chance  Mon, 13 Nov 2017 12:07:30 CST
  • Don Close Says 2017 Has Been a Remarkable Year for Cattle Producer Profits  Sat, 11 Nov 2017 21:30:02 CST
  • Angus Breed Aiming for Genetically Based Feeder Calf Program to Enhance Value of Angus Calves  Wed, 08 Nov 2017 20:45:53 CST
  • Value Added Programs Play Important Role in the Success of Beef Markets, Made Evident this Year  Tue, 07 Nov 2017 11:59:07 CST
  • CattleFax CEO Randy Blach Says 2017's Robust Export Market the Industry's Biggest Bright Spot  Mon, 06 Nov 2017 12:08:14 CST
  • Animal Activist Groups Encouraging Followers to Harass Local Businesses to Force Their Compliance  Fri, 03 Nov 2017 09:49:53 CDT
  • CME's Collaboration with Cattle Industry Yields Some Welcomed Improvements to the Futures Market  Thu, 02 Nov 2017 11:35:34 CDT
  • Will Beef Take a Back Seat to Turkey and Ham this Holiday Season? Maybe Not, Says Glynn Tonsor  Wed, 01 Nov 2017 11:43:25 CDT
  • Glynn Tonsor Reads Between the Lines of Current Beef Market Data that Shows Underlying Demand  Tue, 31 Oct 2017 12:05:58 CDT
  • Trump's Trade Rhetoric Keeping Industry on Edge, Fearing Loss of Its Strong Export Market Position  Mon, 30 Oct 2017 11:11:20 CDT
  • Secretary Sonny Perdue Optimistic that Advancements in International Trade will Soon Pick Up Pace  Fri, 27 Oct 2017 12:17:07 CDT
  • LMIC's Jim Robb Keeping an Eye on Beef Byproduct Exports, Showing Signs of Softer Performance  Thu, 26 Oct 2017 11:01:17 CDT
  • Supplementing Herd's Fall Grazing with Sweetlix Mineral Blocks Can Add Up to 10% More Daily Gain  Wed, 25 Oct 2017 11:56:05 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

    Find more about Weather in Oklahoma City, OK

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

    WebReady powered by WireReady® Inc.