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


Dr. Derrell Peel Talks Cattle on Feed and Marketing Placement Numbers

Mon, 27 Jan 2020 14:58:50 CST

Dr. Derrell Peel Talks Cattle on Feed and Marketing Placement Numbers The first of the year Cattle on Feed Report from USDA is out. Radio Oklahoma Farm Director Ron Hays caught up with Extension Livestock Economist, Dr. Derrell Peel, to talk about what the numbers are telling us so far, "Well, the January cattle on feed report had placements in the month of December up 3.5% from a year ago. Marketing's in December of 5.3%, and that leads to a January one on feed total that's up 2.3% from one year ago."

Peel says none of these numbers were a big surprise, and that the marketing and placement numbers were pretty close to the levels a year earlier. According to the report, placement numbers were up, and the on-feed number was also a couple of percentage points above what we saw in 2019. Peel says we are approaching the peak, "You know we're approaching the peak cyclically in these numbers. Obviously, we're not quite there. We did have bigger placements in December, we had bigger placements for the two months prior to that, although you know earlier last year we had four months in a row where placements were down year over year. So there's some short term dynamics here from month to month adjustments, but overall what it says is that we do still have lots of cattle in the feedlot to work through. The placements in December, a good chunk of those increased placements were in the heavyweight category, over 1000 pounds. So that means those cattle will not be on feed for a long period of time, so we're going to have plenty of cattle coming at us here in the first quarter of 2020."

In the next few days, we will be expecting the Cattle Inventory Report. Peel says he has also put together estimates for that report, "So, for January 1, steers were up 1.3%, and that's actually a change. All of 2019 on a quarter by quarter basis, all four quarters of the year, steers on feed was down year over year. And of course, steer slaughter was down in 2019, but we knew there weren't less steers. The calf crop wasn't smaller last year is actually a tick higher than the year before. So this January 1 says yeah, some of those steers got waited until way late in the year, put in the feedlots, so they're in the feedlot right now. Heifers on feed were up 4%. It's been above for several quarters now, as we have slowed down heifer retention. This is kind of consistent with that idea. So all of that leads then to the idea that the cattle inventory numbers will confirm that we have probably peaked or really plateaued in cattle numbers. I have most of the inventory numbers from all cattle, cows, down just fractionally less than half a percent. Some people were estimating a little bit bigger drop than that. But the bottom line is, we're probably at, or slightly below, last year's levels and at a peak level for this particular stage of the cattle cycle."


Click on the LISTEN BAR below to hear the complete interview with Derrell Peel as he talks 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.


   

right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

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
  • NCBA's Danielle Beck Encourages Producers to Submit Comments on Dietary Guidelines Before Aug. 13 Deadline   Mon, 10 Aug 2020 08:48:20 CDT
  • 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
  • Beef Exports For May Down 33 Percent But USMEF President Optimistic Numbers Will Improve Later This Year  Wed, 08 Jul 2020 09:31:14 CDT
  • 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

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   2018  |   2019  |   Jan 20  |   Feb 20  |   Mar 20  |   Apr 20  |   May 20  |   Jun 20  |   Jul 20  |   Aug 20  |   Sep 20  |   Oct 20  |   Nov 20  |   Dec 20
        

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.