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


Derrell Peel Breaks Down the July USDA On Feed Report - Calls It an Overall Positive for the Market

Mon, 23 Jul 2018 10:10:44 CDT

Derrell Peel Breaks Down the July USDA On Feed Report - Calls It an Overall Positive for the Market On Friday of last week, July 20th, the USDA released the monthly Cattle on Feed report. Upon its release, Radio Oklahoma Ag Network Farm Director Ron Hays caught up with Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel, for his analysis of the numbers. According to him, the July Cattle on Feed report fell right in line with average industry pre-report estimates.



June placements were 101.3 percent of one year ago, the largest June placement total since 2006. June feedlot marketings were 100.9 percent of last year, the largest June marketing total since 2011. June 2018 had one less business day compared to 2017. The July 1 on-feed total was 11.282 million head, up 4.3 percent year over year.



“So, we continue to hold that year-over-year advantage, but it’s not going up,” Peel said. “In fact, we’ve pulled it down since the early part of the year, when we had about an 8 percent year-over-year Cattle on Feed inventory in the last couple of months. Now, we’re holding at this 4… little bit over 4 percent year-over-year increase.”



While this report came in very much in line with expectations, Peel says some of the pre-repot estimates of placements were wide-ranging with some market watchers anticipating a significantly larger number. For those people, Peel says this report’s placements may be a bit of a surprise on the downside. But overall, he believes the market should not react in any negative way and may on balance be a little friendly to this report.



“The numbers are still bigger, but they are beginning to moderate a little bit,” he said. “So, we’re staying up with this increase in supply - is the way I read that.”



Listen to Peel and Hays discuss the outcome of the USDA’s latest Cattle on Feed report published at the end of last week, and what impact it will have on the market, 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 Peel and Hays discuss the outcome of the USDA's latest Cattle on Feed report on today's show.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Hereford Association Overhauls Breed's Genetic Evaluation System, Leverages Its Value Programs  Wed, 20 Feb 2019 17:01:00 CST
  • "It's Not Going to Amount to a Hill of Beans What You Eat in Terms of Climate Change" - End Quote  Tue, 19 Feb 2019 11:30:49 CST
  • The Untold Story of the US Beef Industry - NCBA's Dr. Sara Place Adds "Upcycling" to the Narrative  Mon, 18 Feb 2019 16:22:50 CST
  • The Untold Story of the US Beef Industry - NCBA's Dr. Sara Place Adds "Upcycling" to the Narrative  Mon, 18 Feb 2019 12:19:41 CST
  • Market Watcher Derrell Peel Breaks Down Current Feed and Hay Situation- Bottom Line, We're Good  Fri, 15 Feb 2019 11:51:42 CST
  • Roadmap to Disease Traceback System Takes Shape, But Many Devilish Details Still Left to Iron Out  Thu, 14 Feb 2019 12:39:42 CST
  • USDA Lays Groundwork on Disease Traceback System as Industry Begins to Warm Up to the Idea  Wed, 13 Feb 2019 10:05:43 CST
  • USMEF's Dan Halstrom Says New Deals Like the USMCA Vital for Sustainable Long-Term Growth  Tue, 12 Feb 2019 11:08:40 CST
  • 2018 US Beef Export Sales Set to Break Record with an Estimated $8.5 Billion of Total Product Sold  Mon, 11 Feb 2019 10:30:48 CST
  • Can't Make Heads or Tails of ELDs, Hours of Service? No One Can... Allison Rivera Sets Us Straight  Fri, 08 Feb 2019 11:11:47 CST
  • Clock Ticking as USDA Plays Catch Up from Shutdown, Drags Its Feet on Implementing the Farm Bill  Thu, 07 Feb 2019 12:44:02 CST
  • CattleFax's Randy Blach Says Evolution of US Beef Industry Remarkable, Still More Work to be Done  Wed, 06 Feb 2019 10:09:13 CST
  • CattleFax CEO Randy Blach Shares Positive Outlook on Cattle Markets, Warns of Possible Setbacks  Tue, 05 Feb 2019 16:16:20 CST
  • The Trouble with Trade - NCBA's Kent Bacus Says with Trade Deals, We're Our Own Worst Enemy  Mon, 04 Feb 2019 11:28:00 CST
  • China Holds Potential to Increase US Beef Exports by $4 Billion - Provided Trade Negotiations Go Well  Fri, 01 Feb 2019 09:28:53 CST
  • Fighting the Good Fight - NCBA's Colin Woodall Says Beef Industry Has "Fake Meat" Labs on the Run  Thu, 31 Jan 2019 13:42:49 CST
  • From the Cattle Industry Convention- Don Close Talks Cattle Inventory and More With Ron Hays  Wed, 30 Jan 2019 07:31:15 CST
  • Traceability Top of Mind This Week as Cattlemen From Across the Nation Converge in New Orleans  Tue, 29 Jan 2019 12:51:32 CST
  • With USDA Behind on Reporting, Analyst Jim Robb Shares His Cattle Inventory Estimates for 2019  Mon, 28 Jan 2019 10:56:08 CST
  • No Government, No Reports - Cattle Industry Flying Blind as USDA Reports Scrapped by Shutdown  Fri, 25 Jan 2019 10:21:13 CST
  • This Little-Known Fact Will Change the Way You Think About Greenhouse Gases, the Cattle Industry  Thu, 24 Jan 2019 11:26:31 CST
  • Leading Expert Frank Mitloehner Debunks Myths About US Animal Agriculture's Environmental Impact  Wed, 23 Jan 2019 18:08:59 CST
  • NCBA's Jennifer Houston Gearing Up for Another Great Cattle Industry Convention in The Big Easy  Tue, 22 Jan 2019 10:22:30 CST
  • With No End in Sight to Government Shutdown, Market Watcher Derrell Peel Offers This Advice  Mon, 21 Jan 2019 10:52:21 CST
  • Winter Weather Bogs Down Feedlot Activity- Derrell Peel Analyzes Impact on Markets and Producers  Fri, 18 Jan 2019 10:25:30 CST
  • NCBA President-Elect Jennifer Houston Predicts Vindication as Lawsuit Against Checkoff Progresses  Thu, 17 Jan 2019 17:19:25 CST
  • NCBA President-Elect Jennifer Houston Offers Beef's Perspective on AFBF Convention Discussions  Wed, 16 Jan 2019 09:58:07 CST
  • The Fight is Coming - AFBF President Zippy Duvall Unveils New Campaign to Pass to WOTUS 2.0  Tue, 15 Jan 2019 10:01:41 CST
  • Government Shutdown Flirting with Potentially Serious Financial Implications for Beef Producers  Mon, 14 Jan 2019 10:23:43 CST
  • NCBA's Ryan Goodman Visits OK to Train Producers in Effective Beef Advocacy and Messaging  Fri, 11 Jan 2019 10:28:56 CST
  • Based on Available Info, KSU's Glynn Tonsor Predicts Potentially Profitable Year for Cow/Calf Sector  Thu, 10 Jan 2019 10:10:26 CST
  • Economist Glynn Tonsor Addresses Recession Rumors, Why that Should Concern Cattle Producers  Wed, 09 Jan 2019 10:26:22 CST
  • Work on New WOTUS Rule Delayed by Government Shutdown as Window of Opportunity Closes  Tue, 08 Jan 2019 10:03:53 CST
  • NCBA, Environmental Groups Prepare to Touch Gloves as Effort to Revamp WOTUS Rule Heats Up  Mon, 07 Jan 2019 10:34:56 CST
  • Herd Expansion Shows Signs of Slowing, Only Marginal Growth Expected in Next Inventory Report  Fri, 04 Jan 2019 10:34:53 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 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.