Beef Buzz News
Herd Expansion Shows Signs of Slowing, Only Marginal Growth Expected in Next Inventory Report
Fri, 04 Jan 2019 10:18:07 CST
Hear McCullock and Hays discuss her expectations for the upcoming USDA Cattle Inventory Report.
The beef industry will get its next update on the number of beef cows in the United States in the annual Cattle Inventory Report, due to be published by the US Department of Agriculture on January 31st - assuming the ongoing partial government shutdown comes to end by then. Katelyn McCullock is the new director of the Livestock Marketing Information Center and she believes this report will show only a marginal increase in that overall beef cow number.
“The number of beef cows that have calved over the last four years has grown, adding about 2.6 million head since 2014,” she said. “But this year we really watched the number of beef cows being slaughtered and the number of heifers, calves and cows entering into the slaughter mix.”
According to McCullock, those beef slaughter numbers are much higher than they have been in the years past. She says that should be taken to mean that producers are looking to slow down this expansionary phase the industry has been in. That evaluation of the current state of the industry is only strengthened, she says, when taking into consideration the level at which cattle prices have been this year and that no major cases of herd liquidation have been reported. Overall, McCullock expects to see an increase of less than one percent year-over-year; perhaps anywhere from zero to half a percent and a January 1, 2019 total of 31.7 to 31.8 million head.
With that, the only question is whether or not that number is adequate to balance supply and demand. McCullock says there are several factors that play into that equation. Much of it, of course, is influenced heavily by macroeconomic factors. She says there are already some expectations that the economy could be headed for a recession in the next year or two. What will come to pass, though, still remains to be seen. But, when it comes to supply and demand - McCullock says it is always much better to play catch up on the supply side than to go the other way.
Listen to McCullock and Radio Oklahoma Ag Network Farm Director Ron Hays discuss her expectations for the upcoming USDA Cattle Inventory Report, 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.
right-click to download mp3
WebReadyTM Powered by WireReady® NSI
Selecting for Leg and Hoof Structure- Dr. Jennifer Bormann Says a Genetic Baseline is Being Developed Mon, 18 Mar 2019 09:02:37 CDT
NCBA Chief Vet Dr. Kathy Simmons Explains the Necessity of Responsible Antimicrobial Stewardship Fri, 15 Mar 2019 11:34:50 CDT
BQA Program Highly Regarded as Producers' Most Important Tool to Ensure Quality Beef Production Thu, 14 Mar 2019 12:48:31 CDT
2018 an Exceptional Year for US Beef Exports Especially in Asian Market Despite Current Challenges Wed, 13 Mar 2019 10:58:19 CDT
Meat Scientist Brad Morgan Unphased by Rise of Fake Meat, Says It's No Competition for Real Thing Tue, 12 Mar 2019 12:01:16 CDT
Market Watcher Derrell Peel Says USDA On Feed Report Suggests Spring Weather Market Brewing Mon, 11 Mar 2019 12:22:29 CDT
Beef Industry Claims Major Victory in Fake Meat Fight But NCBA's Colin Woodall Says War's Not Over Fri, 08 Mar 2019 13:02:24 CST
If US-China Relations Fixed, Beef Demand Could Grow Exponentially - Unless Recession Gets in Way Thu, 07 Mar 2019 11:32:46 CST
NCBA's Alisa Harrison Explains Why Checkoff Research is so Critically Important to the Beef Industry Wed, 06 Mar 2019 14:25:56 CST
Industry Seeing a Return on Its Digital Investment - NCBA's Alisa Harrison Says Strategy is Working Tue, 05 Mar 2019 13:05:18 CST
There's a New Expert in Town and His Name is Chuck- NCBA Formally Launches Chuck Knows Beef Mon, 04 Mar 2019 12:14:30 CST
National Cattle Count Shows Slightly Bigger Total US Herd as of January First, 2019- Derrell Peel Sees No Surprises in Report Fri, 01 Mar 2019 04:51:41 CST
NCBA’s Kevin Kester Urges Producers to Take a Stand For WOTUS, Submit Comments to EPA Fri, 01 Mar 2019 07:05:06 CST
"Meat" Becoming a Relative Term as Market Continues to Grapple with Advent of Lab-Grown Protein Wed, 27 Feb 2019 15:41:36 CST
American Angus Association President John Pfeiffer Talks Angus Link and Angus Source with Ron Hays Tue, 26 Feb 2019 08:03:35 CST
Dan Thomson Reinforces Stance on Judicious Antibiotic Use, Cites Very Real Threat of Resistance Tue, 26 Feb 2019 05:58:12 CST
K-State Vet Dr. Dan Thomson Argues Judicious Antibiotic Use Remains Essential to the Beef Industry Fri, 22 Feb 2019 12:22:29 CST
American Hereford Assoc.'s Shane Bedwell Gives Us 'a Look Under the Hood' in Genetic Evaluation Thu, 21 Feb 2019 10:22:47 CST
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