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


Boxed-Beef Trade's Surprising Performance Underpinning Current Strength in the Marketplace

Wed, 10 Jul 2019 10:28:03 CDT

Boxed-Beef Trade's Surprising Performance Underpinning Current Strength in the Marketplace The third quarter of 2019 has officially arrived. Jim Robb is senior economist at the Livestock Marketing Information Center, and he indicates that all in all, the beef market is looking fairly good when compared to last year. In a recent interview, Robb reported that production and slaughter have been slightly down. The supply side, although running a bit higher more recently, has had a bit of decline. Even so, he says the boxed-beef cutout has actually held together quite well.


“In contrast to last year we’re stronger. We’re fully $9/cwt above a year ago at $9.63 on the Choice cutout which is 4.6% - so the market is kind of moving sideways on the fed cattle side and being rather supported on a year-over-year basis by the wholesale beef market,” he reported, explaining why the fact that beef cutout prices are above a year ago is so significant. “The cutout is really the key underpinning of the marketplace and then also, cattle have been marketed very aggressively. So, when you put the puzzle together, it says we’re very current in feedyards.”


Given the situation, Robb says this could potentially mean that feeders may not need to move as many cattle, perhaps even less than last year. According to him, it might actually give feedlots the opportunity to wait on prices for a little while, if they need to. Robb believes this could positively impact the market moving forward. Certainly, over the short term he says steady to possibly stronger prices should be able to be maintained over the next week or two.


“That bodes well for the market maybe being able to slightly outperform the futures for example,” Robb said. “That’s kind of what we’ve been able to do in recent weeks and we may be able to do that for several more weeks this summer. Especially if this demand profile stays as robust as it has been for some of the beef items like hamburgers and steaks.”


Listen to Robb’s full analysis of the current beef market situation, with Radio Oklahoma Ag Network Farm Director Ron 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 Robb's full analysis of the current beef market situation on today's Beef Buzz with Ron Hays.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • GIPSA Rule Resurfaces as DOJ Orders Formal Rulemaking Process – NCBA Fighting for Common Sense Solution  Fri, 16 Aug 2019 09:41:54 CDT
  • Have You Heard? Operating as a BQA Certified Producer can Command Up to $17/Head More for Your Cattle  Thu, 15 Aug 2019 11:48:16 CDT
  • Study Shows Cattle from Beef Quality Assurance Certified Producers Command Higher Premium at Auction  Wed, 14 Aug 2019 15:24:15 CDT
  • Tyson Packing Plant Fire Stirs Dramatic Industry Reaction and Speculation with Pronounced Uncertainty  Tue, 13 Aug 2019 10:20:31 CDT
  • USMEF's Dan Halstrom on the Strength of US Beef Exports to Japan Despite Its Tariff Disadvantage  Mon, 12 Aug 2019 12:25:23 CDT
  • Missouri's Meat Labeling Law Draws Backlash from Alternative Meat Proponents  Fri, 09 Aug 2019 14:16:29 CDT
  • Fall Calf Market Expected to be Driven by Higher Corn Prices with Limited Potential for Upside  Thu, 08 Aug 2019 10:01:27 CDT
  • Corn Conundrum Fuels Speculation About Future Profitability in the Cattle Markets  Wed, 07 Aug 2019 11:54:46 CDT
  • WOTUS War Nearly Won as Rule's Final Repeal Expected to be Made Official This August  Tue, 06 Aug 2019 12:11:32 CDT
  • Everything You Need to Know About Trump's Deal with the EU to Increase Market Access for US Beef  Mon, 05 Aug 2019 12:18:44 CDT
  • Blach Says Producers Reaping the Benefits of Their Focus on Better Beef Quality for Today's Consumers  Fri, 02 Aug 2019 14:09:02 CDT
  • CattleFax's Randy Blach Sees Industry Making "Massive Change" in How It Handles Risk Management  Thu, 01 Aug 2019 11:04:24 CDT
  • Checkoff's Impact Continues to Climb - Study Shows Industry Receives $11.91 for Every Dollar Spent  Wed, 31 Jul 2019 11:57:16 CDT
  • As Beef Industry Explores the Marketing Benefits of Traceability, BQA's Potential is Starting to Gain Attention  Tue, 30 Jul 2019 10:17:57 CDT
  • NCBA President Jennifer Houston on the State of the Cattle Industry, Highlights Potential Opportunities  Mon, 29 Jul 2019 12:06:11 CDT
  • CBB Chair Chuck Coffey Explains the Who, Why, Where and How of the Beef Checkoff’s Strategic Plan  Fri, 26 Jul 2019 11:21:49 CDT
  • Beef Board Chair Chuck Coffey Returns from the Orient with a New Appreciation for the Beef Checkoff  Thu, 25 Jul 2019 11:33:26 CDT
  • Fake Meat Pushers Getting Bolder, More Aggressive - NCBA's Dannielle Beck Pushes Back on Their Claims  Wed, 24 Jul 2019 10:21:08 CDT
  • US Cattle Inventory Plateaus, Suggesting Continued Market Stability Contingent on Strong Demand  Tue, 23 Jul 2019 10:43:52 CDT
  • OSU's Derrell Peel Says Latest Cattle on Feed Report was Well Anticipated - No Surprises in This Report  Mon, 22 Jul 2019 11:37:40 CDT
  • Update- R-CALF CEO Bill Bullard Responds to Our Monday Beef Buzz Regarding His Call for Mandatory COOL   Fri, 19 Jul 2019 12:37:52 CDT
  • Animal Activists Target Christian Faith and Church Communities to Advance Their Meatless Agenda  Fri, 19 Jul 2019 09:46:30 CDT
  • Author Discusses New Book That Examines What The Bible Has to Say About Eating and Using Animals  Thu, 18 Jul 2019 10:45:33 CDT
  • Producers Face Many Considerations as Feeder Markets Come Under Pressure of Rising Feed Costs  Wed, 17 Jul 2019 11:04:44 CDT
  • OSU Market Watcher Derrell Peel Shares His Observations from the Countryside on the Cattle Industry  Tue, 16 Jul 2019 09:57:41 CDT
  • R-CALF CEO Bill Bullard in Oklahoma to Promote a Pro-MCOOL Message to Local Beef Producers  Mon, 15 Jul 2019 11:31:25 CDT
  • Greenhouse Gas Guru, Mitloehner, Says Cow-Fart Protestors Spread More Manure than Beef Industry  Fri, 12 Jul 2019 14:15:28 CDT
  • LMIC's Jim Robb Says US Beef Exports Finally Catch Up to Speed While Imports are Larger Than Expected  Thu, 11 Jul 2019 10:39:43 CDT
  • Boxed-Beef Trade's Surprising Performance Underpinning Current Strength in the Marketplace  Wed, 10 Jul 2019 10:28:23 CDT
  • New Web-Based Sire Selection Tool Promises Easier Decision-Making with Herd Specific Optimization  Tue, 09 Jul 2019 10:25:26 CDT
  • Feeling Buried by All the EPDs Out There? University of Nebraska's Matt Spangler May be Able to Help  Mon, 08 Jul 2019 11:54:46 CDT
  • What Do Consumers Really Think About Beef? They Love It... They Just Don't Know Much About It  Fri, 05 Jul 2019 10:32:55 CDT
  • NCBA's Head of Market Research Rick Husted Talks Consumer Perceptions of Beef and Beef Production  Wed, 03 Jul 2019 10:24:30 CDT
  • Industry Association Spearheads Effort to Create Recovery Tool for Producers Victim of Dealer Default  Tue, 02 Jul 2019 10:34:22 CDT
  • BQA Program Continues to Benefit, Improve US Beef Industry as More Producers Commit to Quality  Fri, 28 Jun 2019 10:21:34 CDT

  •  

    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!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance 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.