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


Fall Looking Like a Mixed Bag for Beef - Peel Advises Producers Pay Close Attention to Market Dynamics

Wed, 11 Sep 2019 10:03:56 CDT

Fall Looking Like a Mixed Bag for Beef - Peel Advises Producers Pay Close Attention to Market Dynamics


The Tyson beef packing plant in Holcomb, Kansas that sustained fire damage on August 9th of this year remains shut down, though some processing has been allowed to continue in parts of the plant that were left unscathed. However, the actual kill floor is where the damage primarily occurred, specifically in regard to the electrical system in that space. With work underway to refurbish it, Tyson CEO Noel W. White has indicated that it will most likely be the end of the year or possibly January before the plant is officially reopened. Oklahoma University Extension Livestock Market Economist Dr. Derrell Peel, in an interview with Radio Oklahoma Ag Network Farm Director Ron Hays, says based on his analysis of the situation the market has overall handled the plant’s abrupt closure fairly well.


“In general, the response of this market has actually been pretty close to what I would have predicted,” he said. “If you look at the slaughter response that came in during the two week after that, it shows the industry did a remarkably good job with about a week’s time of compensating for the loss of that plant and minimizing the reduction of slaughter. Actually, the second week after the fire, the industry put together a slight increase.”


On the boxed beef side, Peel says the market quickly shot up, but in typical fashion has since corrected itself and come back down dramatically. According to Peel though, it is the fed cattle segment that is struggling the most to bounce back from the initial shock of this event as the industry is currently tapped out in its slaughter capacity. Over the next few weeks, though, he expects to see that tension ease as the market continues to work through the situation toward some possible stabilization and potentially even a slight pick up in fed prices as well. Meanwhile, the stocker/feeder segment continues to be skittish over this year’s corn crop and the prospect of higher feed costs that might stem from shorter corn supplies. At the same time, Peel says that while Labor Day ushers in seasonal lows, good wheat pasture demand could offset some of that pressure during September and possibly mute the lows anticipated in October.


“So, it’s a mixed bag and a very dynamic situation,” Peel remarked. “Whether you’re selling calves as a cow/calf producer or thinking about buying stocker cattle - you will really have to follow this market pretty closely and sort out the dynamics as we move forward.”


Listen to Peel’s full analysis of the recent packing plant fire’s impact on the beef market, on today’s Beef Buzz with Ron Hays.


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 full analysis of the recent packing plant fire's impact on the beef market, on today's show.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Formal Agreement with Japan Announced by White House Could Help Grow Island's Taste for Tongue  Wed, 18 Sep 2019 11:05:20 CDT
  • OSU's Janeen Salak-Johnson on Killing the Sacred Cows of the Beef Business, How Being Open to Doing Things Differently Can Save an Industry  Tue, 17 Sep 2019 10:34:24 CDT
  • OSU's Janeen Salak-Johnson Warns Beef Producers of the Coming Scrutiny from Animal Welfare Activists  Mon, 16 Sep 2019 11:07:53 CDT
  • Repeal of WOTUS Strikes Emotional Chord with OCA's Michael Kelsey, Reflecting on Action's Significance  Fri, 13 Sep 2019 11:36:52 CDT
  • American Angus Assoc. CEO Mark McCully Reflects on the Angus Breed's Role the Beef Industry Today  Thu, 12 Sep 2019 11:49:28 CDT
  • Fall Looking Like a Mixed Bag for Beef - Peel Advises Producers Pay Close Attention to Market Dynamics  Wed, 11 Sep 2019 10:06:31 CDT
  • Fall Looking Like a Mixed Bag for Beef - Peel Advises Producers Pay Close Attention to Market Dynamics  Wed, 11 Sep 2019 10:04:16 CDT
  • Cattle Markets Not Expected to Improve as Seasonal Demand Shifts into Lower Gear Heading into Fall  Tue, 10 Sep 2019 10:22:26 CDT
  • State Officials in Colorado Help Local Farmers, Ranchers Launch New "Better With Beef" Initiative  Mon, 09 Sep 2019 11:21:19 CDT
  • Beef Industry Soon to Launch New Campaign Leveraging Consumer Interest in the BQA Program  Fri, 06 Sep 2019 10:06:04 CDT
  • NCBA's Alisa Harrison Highlights the Tremendous Value Digital Marketing Adds to the Beef Checkoff  Thu, 05 Sep 2019 10:27:08 CDT
  • Beef Checkoff Funded Research Helping to Correct the Misconceptions Surrounding Alternative Meat Products  Wed, 04 Sep 2019 11:22:41 CDT
  • American Angus Association Rolls Out New Genomically Enhanced EPD Index Data Set  Tue, 03 Sep 2019 11:02:00 CDT
  • USDA Working on GIPSA Rules After Courts Mandate Rulemaking Process Move Forward  Fri, 30 Aug 2019 08:42:30 CDT
  • One Perspective on Animal ID and the Moving of the Cattle Industry Toward Electronic Ear Tags  Thu, 29 Aug 2019 06:16:32 CDT
  • Dr. Rosslyn Biggs Beef Buzzes About Vesicular Stomatitis with Ron Hays  Wed, 28 Aug 2019 14:20:06 CDT
  • US-Japan Trade Deal Announcement Called Huge News by USMEF CEO Dan Halstrom  Tue, 27 Aug 2019 13:50:40 CDT
  • Placements Surprise in Latest Cattlle on Feed Report- Derrell Peel Explains All  Mon, 26 Aug 2019 08:13:14 CDT
  • NCBA's Sustainability Guru Sara Place Shoots Down the Environmental Misconceptions About the US Beef Industry  Fri, 23 Aug 2019 10:29:14 CDT
  • American Angus Association Rolls Out New Genomically Enhanced EPD Index Data Set  Thu, 22 Aug 2019 10:49:14 CDT
  • K-State's Glynn Tonsor Breaks Down Cattle Market's Surprising Reaction to Tyson Packing Plant Fire  Wed, 21 Aug 2019 12:07:53 CDT
  • NCBA's Allison Rivera Holds USDA's Dragging Feet to the Fire on FMD Vaccine Bank's Implementation  Tue, 20 Aug 2019 10:12:11 CDT
  • USDA Program Designers Struggle to Balance Cost vs. Incentive in Promoting Traceability Participation  Mon, 19 Aug 2019 11:59:48 CDT
  • 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

  •  

    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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.