Beef Buzz News
Katelyn McCullock says 2020 is the Year for Boosting Live Cattle Prices
Tue, 04 Feb 2020 09:18:31 CST
The USDA's Cattle Inventory report came out last Friday afternoon, and we heard some comments from OSU Economist, Dr. Derrell Peel, as to what those numbers meant. But we also wanted to share with you some additional information from Katelyn McCullock, the Director of the Livestock Information Center in Denver, Colorado.
She says the number that really jumps out at her from the report is the beef-heifer replacement number, "Beef heifers held for replacement were down 2%, and that was probably the biggest divergence from what the pre-reports were suggesting. The pre-report estimates suggested replacement heifers for beef cows would probably down closer to three and a half percent, so quite a few more heifers held back for replacement than what the consensus was. That other heifer number, those heifers that were placed into feedlots, increased eight-tenths of a percent. That's a little bit less than probably what the pre-reports were showing they were thinking was up closer to 2%."
McCullock said, going forward, what that number means for beef cow herds is that we are definitely not expanding anymore, "This report shows maybe more of a moderate, meandering decline in the overall beef cow herd. Over the next several years, that heifer number suggests that there are still probably a fairly high number of replacements out there. So if we do get the demand from China or any export market, this inventory level could turn around actually fairly quickly at this point."
McCullock says overall, the report was positive for the cattle industry, "I would still say the report is fairly positive for the cattle industry moving forward, some of these other factors that we've talked about still remains to be seen, but the underlying fundamental is that we're going to have less cattle available for slaughter and less cows moving forward for subsequent years which should, in turn, boost live cattle prices."
Click on the LISTEN BAR below to hear the complete interview with Katelyn McCullock as she 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
NCBA's Ethan Lane Voices Concerns with the Cattle Price Discovery and Transparency Act of 2022 Fri, 24 Jun 2022 08:57:35 CDT
Cattle Price Discovery and Transparency Act of 2022 Passes with Objections Thu, 23 Jun 2022 13:14:46 CDT
Notable Increase in the Cost of Gain in Feedlots for 2022 says Dr. Glynn Tonsor Wed, 22 Jun 2022 16:13:24 CDT
Dan Halstrom Anticipates More Billion-Dollar Sale Export Months for Beef Exports but Warns of Headwinds Tue, 21 Jun 2022 09:57:08 CDT
USMEF's Dan Halstrom Sees Signing of Ocean Reform Act Helping U.S. Meat Exporters Be Reliable Suppliers Mon, 20 Jun 2022 13:23:18 CDT
A.J. Tarpoff Provides Medical Explanation for Cattle Deaths in Kansas Fri, 17 Jun 2022 10:13:21 CDT
Unusual Heat Conditions in Southwestern Kansas Result in Feedlot Cattle Deaths Thu, 16 Jun 2022 09:22:24 CDT
Montie Soules, CEO of the American Shorthorn Association, Promotes America's First Breed Wed, 15 Jun 2022 10:23:32 CDT
Cattlemen's Congress: The Show by Cattle Producers for Cattle Producers Tue, 14 Jun 2022 10:08:29 CDT
New Potential Listing Under Endangered Species Act to Cause More Regulatory Burden for Producers Mon, 13 Jun 2022 10:20:48 CDT
Derrell Peel Analyzes Multiple Reasons Ground Beef Market Holding Strong Fri, 10 Jun 2022 09:52:14 CDT
NCBA Hopeful the Supreme Court Will Provide Clarity on What is a WOTUS Thu, 09 Jun 2022 10:23:34 CDT
Cattle Producers Voice their Concerns at WOTUS Roundtable Thu, 09 Jun 2022 04:12:49 CDT
Dr. Wesley Tucker Advises Ranchers Against Overstocking to Increase Revenue in the Long Run Tue, 07 Jun 2022 09:37:16 CDT
New Technology Allows Ranchers to Control Mesquite Better than Before, says Brian Cain with Bayer Mon, 06 Jun 2022 13:36:29 CDT
Cattle Numbers and Prices to be Impacted by Poor Pasture and Range Conditions Fri, 03 Jun 2022 10:35:00 CDT
OCA Executive Vice President Michael Kelsey Believes Attorney General O'Connor is a Good Fit for Agriculture Thu, 02 Jun 2022 10:10:35 CDT
China Phase One Trade Deal a Success for U.S. Beef Wed, 01 Jun 2022 09:30:45 CDT
Robin Reid Urges Producers to Sign up for the USDA's LFP Program to Receive Assistance During Drought Tue, 31 May 2022 15:21:05 CDT
Congressman Frank Lucas Waits on DOJ Decision on Possible Criminal Wrongdoing by Big Four Packers Mon, 30 May 2022 09:32:15 CDT
David Lalman Stresses the Value of Being Proactive Before Poor Forage Condition Arise Thu, 26 May 2022 11:01:27 CDT
NCBA's Mary Thomas Hart Wants to Push Back Proposed SEC Reporting Rule Wed, 25 May 2022 10:41:26 CDT
Strong Marketings Key to Working Through Record Cattle Numbers in US Feedlots Tue, 24 May 2022 08:06:28 CDT
Cattle on Feed Report Shows Biggest May First Inventory Since 1996- Drought Pushing Cattle Into Feedlots Sat, 21 May 2022 15:01:06 CDT
Lance Zimmerman with Cattlefax Offers Cow Calf Producers Strategies for Success Fri, 20 May 2022 08:44:10 CDT
Kent Bacus says NCBA is Committed to Promoting Trade to Benefit US Cattle Producers Thu, 19 May 2022 09:54:10 CDT
John Butler with the Beef Marketing Group Communicates to Consumers that the Beef Industry is Sustainable Wed, 18 May 2022 09:46:15 CDT
John Butler with Beef Marketing Group Aims to See All Segments of the Beef Industry Working Together Tue, 17 May 2022 09:44:42 CDT
Fewer Pounds of Beef Coming in the Beef Pipeline Mon, 16 May 2022 09:02:35 CDT
NCBA's Colin Woodall Gives Credit to Cattle Producers for Always Being Sustainable Fri, 13 May 2022 11:08:03 CDT
Dakota Moss Describes Benefits of Utilizing an LRP Program for Cattle Producers Thu, 12 May 2022 09:53:54 CDT
Historically Poor Pasture Conditions to Hit Beef Supplies Ahead Wed, 11 May 2022 11:31:21 CDT
Six Years After Repeal, Senator John Thune Still Wants Mandatory Country of Origin Labeling Tue, 10 May 2022 09:39:50 CDT
USMEF's Erin Borror Suspects Increased Herd Liquidation May Lead to Tighter Supplies in the Future Mon, 09 May 2022 12:29:27 CDT
USMEF's Erin Borror Sees Growth in US Beef Exports for the Remainder of 2022 Fri, 06 May 2022 10:13:22 CDT