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


Cattle Market Success in 2017 "Bodes Well" for Next Few Years as Industry Faces More Production

Tue, 09 Jan 2018 11:53:36 CST

Cattle Market Success in 2017 Jim Robb is executive director of the Livestock Marketing Information Center based in Denver, where he works with land-grant universities across the country providing market analysis for both the beef and pork industries. In a recent conversation with Radio Oklahoma Ag Network Farm Director Ron Hays, he remarked on the surprising resilience of cattle prices seen during the 2017 marketing year, despite what most would have considered a daunting situation in the beef industry.


“We produced a record amount of total meat and poultry in the year and we did that through the marketplace and that really bodes well as we look ahead to the next couple years,” Robb said. “Even though exports came in better than we thought they’d be, it was this margin adjustment that really reflected this meat demand component.”


Robb commended cattle feeders commenting on feedlots’ attention and response to the market’s economic incentives that drove demand throughout the beef supply chain and created profitability in the feeder and packer sectors. Furthermore, he says cattle feeders took advantage of these market signals, “but certainly people didn’t take it too far.” Feeders became willing sellers in 2017 and due to their orchestration of timely transactions, dressed weights actually came down as a result throughout the year up until the last weeks of December.


“That wasn’t because of winter weather. That was because the marketing system pulled cattle through the system, and that’s a very important distinction,” he said. “Often in the beef business and the cattle business, we’re trying to push animals into the marketplace and hoping prices hold together. That really underpinned lower weights aggressive marketings and the environment we ended up in the fed market and hence the calf and yearling market.”


Listen to Robb and Hays continue their discussion over the unexpected strength in cattle markets during 2017, 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 Robb and Hays continue their discussion on the unexpected strength in cattle markets last year
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Beef Exports Likely to Set Full Year Records in Volume and Value- Derrell Peel Analyzes 2017 Trends  Wed, 17 Jan 2018 11:00:38 CST
  • Ag Industry Holds Its Breath as FDA Mulls Proposed Regulation to Squash Gene Editing Applications  Tue, 16 Jan 2018 10:32:30 CST
  • What's Drugs Got to Do With It? Misconceptions Keeping Gene Editing from Revolutionizing Animal Agriculture  Mon, 15 Jan 2018 20:47:23 CST
  • In an Industry Where Variability Abounds, Keeping Your Pencil Sharp Might Make All the Difference  Fri, 12 Jan 2018 10:25:23 CST
  • With Tax Reform, Trade Negotiations Underway NCBA President-Elect Talks Where to Go from Here  Thu, 11 Jan 2018 10:29:53 CST
  • So, Just How Big is the US Cow Herd? LMIC's Jim Robb Says It's Big, But Growth Rate is Moderating  Wed, 10 Jan 2018 10:23:20 CST
  • Cattle Market Success in 2017 "Bodes Well" for Next Few Years as Industry Faces More Production  Tue, 09 Jan 2018 11:55:56 CST
  • LMIC's Jim Robb Highlights the Dynamics that Supported Better Than Expected Cattle Markets in '17  Mon, 08 Jan 2018 11:36:32 CST
  • NCBA Racing Against the Clock to Ensure Congress Makes Progress on Farm Bill Before Mid-Terms  Fri, 05 Jan 2018 12:04:38 CST
  • Colin Woodall Talks Trade and More on Today's Beef Buzz  Thu, 04 Jan 2018 19:57:06 CST
  • To Reach Out to Millennials- Visual is the Language of Information Today  Wed, 03 Jan 2018 09:44:56 CST
  • Know Thy Customers is Excellent Advice- For Beef Producers- That Means Listening to Jason Dorsey Explain Millennials  Tue, 02 Jan 2018 08:19:59 CST
  • Cattlemen's College Celebrates 25 Years in Phoenix- NCBA's Josh White Details an Extensive Program for 2018  Thu, 28 Dec 2017 19:38:35 CST
  • OSU Livestock Market Economist Derrell Peel Expects Slightly Bigger Beef Cow Number as of January First  Wed, 27 Dec 2017 08:27:35 CST
  • OSU's Peel Digs Deeper Into the Final Cattle on Feed Numbers of 2017  Tue, 26 Dec 2017 14:47:13 CST
  • Scott Stuart Leaves Livestock Producers Association to Join Cattlemen's Beef Board as Its New CEO  Fri, 22 Dec 2017 14:46:37 CST
  • Scott Yager Briefs Cattlemen on Latest Environmental Issues that Have Landed on NCBA’s Radar  Thu, 21 Dec 2017 16:39:15 CST
  • Too Early to Speculate on 2018 Elections, But NCBA Says It's Important to Back Ag's Friends in DC  Wed, 20 Dec 2017 14:08:35 CST
  • Lawmakers Fail to Deliver on Death Tax Repeal But Keep Stepped Up Basis in Tax Reform Package  Tue, 19 Dec 2017 12:02:28 CST
  • NCBA Environmental Guru Scott Yager Exposes the Courts Fallacy of Including Ag Under Superfund  Mon, 18 Dec 2017 13:23:09 CST
  • Fed Cattle Exchange Offers New Opportunity to Explore Price Discovery in Today's Changing Market  Fri, 15 Dec 2017 10:13:22 CST
  • 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

  •  

    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.