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Beef Buzz News


Market Watcher Derrell Peel Shares His Advice on How to Build Your Strategy Around Market's Mounting Volatility

Wed, 19 Jun 2019 10:04:06 CDT

Market Watcher Derrell Peel Shares His Advice on How to Build Your Strategy Around Market's Mounting Volatility The uncertainty of the feed grain markets with millions of acres not being planted here in 2019 will likely translate into higher feed grain prices. This is expected to add pressure on stocker and yearling prices moving forward, creating a much more volatile market environment than what has been experienced in recent years. Given the potential impacts this situation will have on the industry, Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel is advising producers to stay on top of what is happening in the marketplace and closely monitor the situation as it develops. He expounded on that advice with Radio Oklahoma Ag Network Farm Director Ron Hays in recent interview.


“We’re talking about a lot of uncertainty right now - a lot of dynamics in the market. We’ve enjoyed relatively stable markets for about two years, and I think we’re now back into a little more volatile situation,” Peel said. “So, one of the things is just keeping an eye on things. One thing producers need to do is just try to stay as light on their feet as they can. The more nimble you can be… can be an important strategy.”


This is especially true, he says, in clearing hurdles that pop up over the short run. With so many trade related issues up in the air currently, the markets are extremely sensitive and reactive to whatever comes out of the headlines on almost a daily basis. Peel says if a producer can be flexible and at a moment’s notice either delay or move up their plans by a week or two, it can make a significant difference. Beyond that strategy, Peel adds that it is important for producers to pay attention to the signals the market broadcasts. At present, he says the market is starting to suggest some potential opportunities for stockers as well as for cow/calf producers who retain ownership of their calves beyond weaning.


“I don’t think any of this in this point of time suggests a major change in the direction of the industry. We’re sort of plateauing in numbers here cyclically,” he said. “I don’t think any of this suggests that we’re going to change that into a liquidation mode or anything like that - it could happen - but we just have to watch it going forward.”


Listen to Peel’s complete analysis of the current market situation that is developing and how producers can build their strategies around it, 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.



   




   

Listen to Peel's complete analysis of the current market situation and his strategy to navigate it, below.
right-click to download mp3

 

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