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
R-Calf's Bill Bullard Says Litigation is Their Preferred Strategy to Get What They Want Wed, 11 Dec 2019 07:33:54 CST
USMEF President Dan Halstrom Calls US-Japan Deal Best Positive News in 2019 for Agriculture Tue, 10 Dec 2019 14:01:31 CST
LMA's Jara Settles Updates Status of ELDs and Hours of Service for Cattle Industry Mon, 09 Dec 2019 14:08:23 CST
Hannah Thompson-Weeman on the Book- What Would Jesus REALLY Eat? Fri, 06 Dec 2019 11:55:52
Animal Ag Alliance Watching the Anti Animal Ag Crowd- Hannah Thompson Weeman Explains Thu, 05 Dec 2019 10:16:34
NCBA's Ethan Lane Explains NCBA's Game Plan to Engage USDA on Product of USA Labels Wed, 04 Dec 2019 10:33:10
Cattle Beef Board CEO Touts Great Sustainability Story of the Modern US Beef Cattle Business Tue, 03 Dec 2019 06:21:01 CST
Five Months Into the Job, New CEO Greg Hanes Offers His Perspective of Beef Checkoff Efforts Mon, 02 Dec 2019 07:38:07 CST
NCBA's Ethan Lane Tells Bird Stories- Talking Buzzards and Lesser Prairie Chickens with Ron Hays Wed, 27 Nov 2019 06:49:34 CST
Dr. Peggy Thompson of BI Says Cattle Riding the Temperature Rollercoaster Face Extra Stress Tue, 26 Nov 2019 07:07:28 CST
Angus CEO Mark McCully Upbeat About the Future of the Angus Breed Tue, 26 Nov 2019 03:35:51 CST
CEO of the American Angus Association Mark McCully on His New Role, and the Future of the Angus Association Fri, 22 Nov 2019 16:29:02 CST
Livestock Market Economist Dr. Glynn Tonsor talks Fake Meat Thu, 21 Nov 2019 11:35:41 CST
Colin Woodall is Calling a Spade a Spade as He Steps Into His New Role as CEO of the National Cattlemen's Beef Association Wed, 20 Nov 2019 07:07:09 CST
Cattlemen Continue to Talk Ratification of USMCA- Colin Woodall Says House Vote Top DC Priority Tue, 19 Nov 2019 07:53:35 CST
Don Close of Rabo AgriFinance Tells Ron Hays African Swine Fever Continues to Reshape the Global Protein Market Tue, 19 Nov 2019 06:40:22 CST
Cattle Market Looks Strong as We Head for the 2019 Finish Line- Ron Hays Talks Specifics WIth Don Close Fri, 15 Nov 2019 07:23:33
Clay Mathis with King Ranch Institute for Ranch Management Explains How to Find Profitability in Today's Cow Calf Operatons Thu, 14 Nov 2019 16:52:10
Exciting Times Now and Coming in the Days Ahead in the World of Cattle Genomics Wed, 13 Nov 2019 05:47:28 CST
Cattle Producers Facing Slow Start for Wheat Pasture Tue, 12 Nov 2019 06:48:25 CST
OSU's Derrell Peel Says Cattle Markets Looking Solid as We Approach the Middle of 2019's Fourth Quarter Mon, 11 Nov 2019 06:57:00 CST
Certified Angus Beef Continues to get Creative to Drive Demand Fri, 08 Nov 2019 08:22:05 CST
Certified Angus Beef Continues Record Sales Growth to Benefit Angus Purebred Owners Thu, 07 Nov 2019 16:46:44 CST
Leo McDonnell Questions Product of USA Labeling on Packages of Beef You Can Find in the Supermarket Meat Case Wed, 06 Nov 2019 16:02:17 CST
John Pfeiffer Satisfied That the Angus Breed Well Positioned for Continued Success as He Ends His Year of Serving as Association President Tue, 05 Nov 2019 10:09:00 CST
Oklahoma Angus Breeder John Pfeiffer Looks Back at His Year Serving as President of the American Angus Association Mon, 04 Nov 2019 14:58:59 CST
While Others Throw Rocks to Get Attention, NCBA’s Colin Woodall is Building Bridges Fri, 01 Nov 2019 14:51:30 CDT
Ranch Management Consultant Stan Bevers Advises Cow/Calf Producers to “Mind Their Own Business” Thu, 31 Oct 2019 16:25:31 CDT
Ranch Management Consultant Stan Bevers Breaks Down the Economics of Maintaining That Mama Cow Wed, 30 Oct 2019 15:13:02 CDT
Traceability Continues to Cause Division Among Producers as Industry Vets System’s Pros and Cons Tue, 29 Oct 2019 08:20:10 CDT
Dr Rosslyn Biggs Says There Are Lots of Moving Parts and Interested Parties in the Animal ID Discussion Mon, 28 Oct 2019 15:22:42 CDT
Cattle Producers Must Win the Hearts and Minds of Consumers to Use Gene Editing Technology Sat, 26 Oct 2019 13:55:50 CDT
Deworming Does Not Cost- It Pays in Most Beef Cattle Operations Thu, 24 Oct 2019 09:31:14 CDT
The Greenhouse Guru, Dr. Frank Mitloehner, Recognized with Borlaug Communications Award Wed, 23 Oct 2019 21:54:53 CDT
South Dakota Rancher Todd Wilkinson Tells EPW, Cattlemen Part of the Solution to Climate Change Tue, 22 Oct 2019 07:53:15 CDT
