Beef Buzz News
No Government, No Reports - Cattle Industry Flying Blind as USDA Reports Scrapped by Shutdown
Fri, 25 Jan 2019 10:19:29 CST
Normally around this time, attention would be focused on the monthly Cattle on Feed report typically published by the United States Department of Agriculture. However, due to the ongoing government shutdown, that report along with several others have been either postponed or will be nixed all together. According to Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel in a recent conversation with Radio Oklahoma Ag Network Farm Director Ron Hays, when exactly industry stakeholders can expect to get the flow of data back on track is anyone’s guess right now.
“It’s speculation on my part. Nobody can say anything because we don’t know when this thing going to be over,” Peel remarked. “My guess is that we will just not get the January Cattle on Feed report. They’re going to be terribly backlogged when they get back on track, so they’re going to be looking for things they can just skip. My bigger concern would be with the Total Cattle Inventory Report.”
This highly anticipated report comes only once a year and Peel says the information it contains gives the industry its one critical chance to confirm the progress made during the previous year and helps to set expectations for the year ahead. In addition, it is the only report that offers a state-by-state breakdown of the numbers along with some other valuable insights that can be derived from that information. Based on what he does know and can deduce from the information that is available though, Peel contends like last year - the industry is still in expansion albeit much slower. As beef production continues to grow, he says the key to sustaining current price levels has been and will continue to be demand. As long as demand stays robust, the industry should be in good shape for the foreseeable future, according to Peel. However, fresh data from the USDA will be needed before anyone can make that call for certain.
“It’s such an important report. I think they will do it, but it will be significantly late even if we get the doors back open tomorrow,” he reiterated, though cautiously optimistic. “It does look positive so far. There are things you can be nervous about in terms of both global markets and domestic markets - but at this point in time we look pretty good.”
Listen to Peel’s latest analysis of the cattle and beef markets with Hays, 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's latest analysis of the cattle and beef markets with Hays on today's Beef Buzz, click below.
right-click to download mp3
WebReadyTM Powered by WireReady® NSI
Beef News
Colin Woodall on Defending the Beef Brand Wed, 19 Feb 2020 09:02:09 CST
Colin Woodall Explains Why Trade Victories are a Big Deal for The Cattle Industry Tue, 18 Feb 2020 10:09:44 CST
Danny Jones of Superior Livestock Talks about Feb 20th Sale in Norman, OK Mon, 17 Feb 2020 14:37:09 CST
Scott Yager Says its Important to Showcase Cattle's Role in Preserving the Environment Fri, 14 Feb 2020 11:55:40 CST
NCBA's, Scott Yager Explains The Difference Between The EPA's Old WOTUS and New WOTUS Thu, 13 Feb 2020 17:41:50 CST
Ben Weinheimer With TCFA Talks Traceability Throughout The Industry From Calf To Slaughter Wed, 12 Feb 2020 11:57:36 CST
New NCBA President Marty Smith Lists His Priorities For 2020 Tue, 11 Feb 2020 11:56:06 CST
Don Close with Rabo Agrifinance Talks Currrent Cattle Inventory Numbers Mon, 10 Feb 2020 14:34:34 CST
Kevin Good Predicts Continued Strong Demand, Higher Prices In 2020 Fri, 07 Feb 2020 11:28:22 CST
Ethan Lane Says There’s a Lot to Celebrate in Beef This Year Wed, 05 Feb 2020 10:56:02 CST
Katelyn McCullock says 2020 is the Year for Boosting Live Cattle Prices Tue, 04 Feb 2020 09:22:26 CST
Dr. Derrell Peel Sees No Big Surprises from Friday’s USDA Cattle Inventory Report Mon, 03 Feb 2020 06:33:25 CST
State Vet Dr. Rod Hall Believes the Animal Disease Trace-Back Program May Resurface in Early 2020 Fri, 31 Jan 2020 14:04:41 CST
Montana Judge Rules in Favor of USDA and State Beef Councils in Litigation Brought by R-Calf Thu, 30 Jan 2020 06:32:01 CST
Dr. Glynn Tonsor Not Expecting any Surprises with Friday's Cattle Inventory Report Wed, 29 Jan 2020 10:11:51 CST
Cattle Market Watcher Derrel Peel Previews This Friday's Cattle Inventory Report Tue, 28 Jan 2020 06:42:32 CST
Dr. Derrell Peel Talks Cattle on Feed and Marketing Placement Numbers Mon, 27 Jan 2020 15:01:57 CST
Scott Yager of NCBA- Navigable Waters Protection Rule Is a Huge Positive for Rural America Fri, 24 Jan 2020 06:55:16 CST
Alisa Harrison says When Consumers Have Options, They Still Choose Beef Thu, 23 Jan 2020 08:35:50 CST
Alisa Harrison Reminds Producers Their Beef is Still the Preferred Choice to be Found in the Meat Aisle Wed, 22 Jan 2020 06:48:34 CST
Even With Growing Meat Supplies- Demand Has Stayed Strong as a New Decade Arrives Tue, 21 Jan 2020 06:07:28 CST
Masters Of Beef Advocacy Program Helps Beef Producers be AgAdvocates for Their Industry Mon, 20 Jan 2020 10:35:34 CST
Cattle Industry Will Provide Watchful Eye as US and Chinese Trade Officials Work to End Non Scientific Trade Barriers for US Beef Fri, 17 Jan 2020 12:23:42 CST
NCBA’s Kent Bacus Hopeful China May Soon Be a Billion Dollar Beef Market for US Producers Thu, 16 Jan 2020 20:49:14 CST
OSU’s Dr. Derrell Peel Says Preconditioning and Risk Management Are Tools to Help You Prosper in 2020 Wed, 15 Jan 2020 06:48:10 CST
Dr. Derrell Peel Sees Cattle Marketplace in 2020 Starting on a Positive Note Tue, 14 Jan 2020 08:26:13 CST
When They Meet the Criteria of the Certified Angus Beef Program, Those Calves Are Worth More Mon, 13 Jan 2020 05:35:18 CST
LMIC's Katelyn McCullock Previews the 2020 Cattle Inventory Report and Expected Beef Cow Numbers Sat, 11 Jan 2020 10:43:26 CST
Oklahoma Cattlemen’s Association is Ready to Roll up their Sleeves and Review Policy at their One Day Winter Policy Conference Thu, 09 Jan 2020 07:10:54 CST
New Deal, New Opportunities for U.S. Beef in the European Market Wed, 08 Jan 2020 06:33:06 CST
If Trade Rules for US Beef Are Relaxed in US-China Phase One Deal- Erin Borror Sees Mind-Boggling Trade Ahead Tue, 07 Jan 2020 07:34:48 CST
USMEF's Erin Borror says Just Implemented US-Japanese Trade Deal Puts US Cattle Producers Back in the Game in Japan Mon, 06 Jan 2020 10:20:59 CST
McDonalds Proud to be a Part of Continuous Improvement in Sustainability in the Beef Value Chain Fri, 03 Jan 2020 12:28:31 CST
It's a Great Resolution for 2020- Resolve to Tell Your Beef Cattle Story to Consumers Via Social Media Thu, 02 Jan 2020 16:36:26 CST
NCBA's Ethan Lane on the Goals for Labeling U.S. Beef Fri, 07 Feb 2020 09:31:47 CST
