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Beef Buzz News


OSU's Derrell Peel Says Cattle Markets Looking Solid as We Approach the Middle of 2019's Fourth Quarter

Mon, 11 Nov 2019 06:54:13 CST

OSU's Derrell Peel Says Cattle Markets Looking Solid as We Approach the Middle of 2019's Fourth Quarter Fire at the Tyson beef packing plant in early August shut that facility down causing prices to go down sharply- even as Boxed Beef Prices went up sharply, and then eventually retreat. Ron Hays sat down to talk markets, and cattle prices with Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel- Hays catching up with Dr. Peel on the sidelines of the Oklahoma Cattlemen's Association Quarterly Board Meeting.


Because of the shock of the fire, cattle prices went down substantially, but have now recovered from the lows after that fire. The Good news is that beef and cattle prices look solid and strong in the aftermath of that shock. Peel remarks, “You know across the board the entire cattle and beef complex has really had a remarkable run since mid-September. We’ve had a tremendous run in cash markets, futures markets, feeder cattle, fed cattle, and the boxed beef market.”


We are in the middle of the fourth quarter now, so what does 2020 look like for the markets? Dr. Peel says we may have leveled out, or possibly plateaued on the mama cow numbers. “I think the inventory has plateaued. I’m basically expecting the January 2020 cattle inventory numbers to be plus or minus unchanged. They could be either way slightly, but I don’t look for a major change in either one of those.”


Going forward if producers want to get the highest yield for their cattle, Peel says they are going to have to do some homework. Peel mentions that the cattle industry has always struggled with the idea of balancing a commodity oriented system, which from a cost standpoint Is more efficient, against the reality that cattle and the meat products they produce are ultimately very different products, and those products have very different value potentials. “So what we are trying to do is find ways to capture more of the additional value of cattle and those products that come from those cattle and still benefit from the cost efficiencies of the commodity kind of way we manage cattle in much of our system.”


One of the most important ways to get a higher value for calves is wean time. Right now, the minimum wean time is 45 days for many of the preconditioning programs, but more and more- buyers prefer 60 to 120 days. Peel mentions “What we are seeing more of in the industry from the buyers stand point is that they really prefer 60 days minimum, and I think we are probably moving toward a norm like that.” Part of the reason for later weaning is because cattle producers still struggle with respiratory disease issues. Peel adds “This is one way for the buyers to enhance that a little bit and minimize some of those impacts”


Click on the LISTEN BAR below to hear more from Dr. Daryl Peel as he talks with Ron Hays in 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.



   
   

Ron Hays Beef Buzzes with Dr. Derrell Peel
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Beef News

  • OUS's Dr. Derrell Peel Prefers The Word "Stability" Instead of "Normal" When Referencing The Climb To Better Cattle Prices  Tue, 11 Aug 2020 08:12:20 CDT
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  • Ag Exemption For ELD Rule Expires Sept. 30 And NCBA's Allison Rivera Explains How They Are Working To Extend Exemption  Fri, 07 Aug 2020 09:11:21 CDT
  • New 5-Year Long-Range Plan To Help Cattle Producers Unveiled at NCBA Summer Business Meeting  Thu, 06 Aug 2020 08:44:20 CDT
  • USDA Undersecretary Greg Ibach Continues Push For Animal Identification Program And Additonal USDA Regulatory Powers To Help Cattle Industry  Wed, 05 Aug 2020 11:45:23 CDT
  • TCFA's Ross Wilson Says More Robust Price Discovery Does Not Guarantee Higher Prices  Tue, 04 Aug 2020 09:19:31 CDT
  • TCFA's Ross Wilson Believes Voluntary Market Driven Approach To Increasing Live Cattle Trade Can Be Achieved By Year End  Mon, 03 Aug 2020 09:05:23 CDT
  • Cattle Producers Happy To Meet In Person During This Week's NCBA Summer Conference Says NCBA's Colin Woodall  Fri, 31 Jul 2020 09:09:20 CDT
  • Marathon Live Cattle Committee Meeting At NCBA Summer Conference Yields Compromise on Price Discovery Policy  Thu, 30 Jul 2020 09:42:28 CDT
  • United We Steak Beef Promotion Campaign Showing Good Results Says NCBA's Alisa Harrison  Wed, 29 Jul 2020 08:23:24 CDT
  • NCBA President Marty Smith Explains Key Issues Need Face-To-Face Discussion As That Group's Summer Meeting Gets Underway In Denver  Tue, 28 Jul 2020 09:38:24 CDT
  • Cong. Lucas Waiting For All Government Investigations to be Completed Before Saying Anything More About Increasing The Number of Packing Plants  Mon, 27 Jul 2020 09:05:14 CDT
  • Cong. Lucas Says This Week's USDA Report on Boxed Beef And Fed Cattle Price Spread Investigation is The First of Multiple Investigations  Fri, 24 Jul 2020 09:02:20 CDT
  • Uncertainty Surrounds July 24 Cattle on Feed And Cattle Inventory Reports  Fri, 24 Jul 2020 05:22:14 CDT
  • Expanded Genomics Will Have The Most Impact On Cattle Herd Improvements In The Next 20 Years Says Nebraska Rancher Bill Rishel  Wed, 22 Jul 2020 10:52:17 CDT
  • Boxed Beef, Beef Checkoff, CAB, Among The Key Paradigm Shifts That Have Advanced The Beef Industry Says Rancher Bill Rishel  Tue, 21 Jul 2020 08:58:21 CDT
  • Legendary Nebraska Angus Breeder Bill Rishel Uses The Past To Predict the Future  Mon, 20 Jul 2020 09:25:20 CDT
  • NCBA Working With Congress To Get Additonal COVID-19 Relief For Producers, Including Extending April 15 Marketing Deadline Into June  Fri, 17 Jul 2020 12:51:21 CDT
  • NCBA's Colin Woodall Tackles Trio of Issues Including Burger King's Latest Advertising Campaign  Thu, 16 Jul 2020 09:34:23 CDT
  • KSU's Dr. Glynn Tonsor Projects Feedlots To At Least Break Even, Maybe Turn a Small Profit By Early 2021.  Wed, 15 Jul 2020 08:44:30 CDT
  • As Boxed Beef Prices Have Dropped Significantly in Recent Months, Dr. Glynn Tonsor Says The Biggest Concern Now is on The Demand Side.  Tue, 14 Jul 2020 08:27:19 CDT
  • OSU's Derrell Peel Says Beef Demand Is A Complex Equation  Mon, 13 Jul 2020 09:19:22 CDT
  • Improving Efficiency Key To Sustainable Beef Production Says Dr. Clay Mathis, Director of King Ranch Institute For Ranch Management  Fri, 10 Jul 2020 08:52:20 CDT
  • Information Is Powerful And Valuable When It Comes To Pregnancy Checking Heifers And Cows  Thu, 09 Jul 2020 10:38:20 CDT
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  • NCBA's Colin Woodall Expects Good Improvements For Cattle Industry In Coming Months  Tue, 07 Jul 2020 09:14:31 CDT
  • Cong. Lucas Introduces Legislation To Expand Federal Meat Inspection For Smaller Processing Plants  Mon, 06 Jul 2020 09:23:21 CDT
  • OSU's Dr. Derrel Peel says Producers Need to be Prepared for Drought  Thu, 02 Jul 2020 09:26:37 CDT
  • There is Plenty of Beef This Summer Says OSU Extension Livestock Economist Derrell Pell  Wed, 01 Jul 2020 08:28:23 CDT
  • NCBA's Alisa Harrison Explains New United We Steak Grilling Campaign Just In Time For The July 4th Holiday  Tue, 30 Jun 2020 09:44:24 CDT
  • NCBA's Scott Yager Tells Landowners To Enjoy New Trump WOTUS Rule Which Became Law June 22  Mon, 29 Jun 2020 09:32:21 CDT
  • NCBA's Alisa Harrison Says Beef Industry Has Vast Amount of Resources To Meet Consumers Changing Behaviors  Fri, 26 Jun 2020 09:02:11 CDT
  • Oklahoma Task Force Member John Pfeiffer Says They have Studied The Idea Of Opening New Meat Plants But Logistics Pose Major Challenge  Thu, 25 Jun 2020 15:59:11 CDT
  • Mulhall, Okla. Rancher John Pfeiffer Says Joint Task Force Studying Ways To Expand Meat Processing In Oklahoma  Wed, 24 Jun 2020 10:36:53 CDT
  • There Is Light At The End Of The Profitability Tunnel For Cattle Producers, Says OSU's Derrell Peel  Tue, 23 Jun 2020 10:21:37 CDT

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