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 Alisa Harrison Explains How Their Digital Marketing Strategy is Helping Consumers During the COVID-19 Crisis Mon, 06 Apr 2020 10:11:10 CDT
OSU Extension Livestock Economist Dr. Derrell Peel Offers Advice For Producers In Uncertain Times Fri, 03 Apr 2020 09:43:49 CDT
NCBA's Colin Woodall Says Federal Ruling on Beef Checkoff is a Huge Win for Cattle Industry Thu, 02 Apr 2020 09:06:22 CDT
Large Meat Supplies Keeping a Lid on Long-Term Outlook, Says Katelyn McCullock, Livestock Marketing Information Center Wed, 01 Apr 2020 10:20:23 CDT
Getting The Facts Straight About Bovine Coronavirus And COVID-19 Tue, 31 Mar 2020 10:46:10 CDT
Keeping The Food Supply Chain Moving Is Industry's Focus Says NCBA's Ethan Lane Mon, 30 Mar 2020 08:59:11 CDT
NCBA's Ethan Lane Explains The Importance of Stimulus Package For Cattle Producers Fri, 27 Mar 2020 09:42:20 CDT
NCBA's Dr. Jessica Watson Says USDA Has Paused Animal Electronic ID Program Thu, 26 Mar 2020 10:08:11 CDT
USMEF's Joel Haggard Expects China to Start Buying More U.S. Beef as They Fully Implement Phase One Agreement Wed, 25 Mar 2020 09:48:15 CDT
Consumer Demand Surge Leads to Higher Boxed Beef Prices as Food Supply Chain Adjusts to COVID-19 Tue, 24 Mar 2020 12:44:54 CDT
NCBA's Kent Bacus Sees Progress in Beef Trade With China Mon, 23 Mar 2020 10:01:17 CDT
The Great Story About Beef - Feeding More People A High Quality Diet Fri, 20 Mar 2020 09:12:51 CDT
Today's Beef Buzz - NCBA's Ethan Lane Explains How They Are Working To Keep The Food Pipeline Full Thu, 19 Mar 2020 10:07:13 CDT
Today's Beef Buzz - Positive Beef News As Canada Ratifies USMCA Trade Deal Wed, 18 Mar 2020 11:11:16 CDT
Today's Beef Buzz - Positive Beef News As Canada Ratifies USMCA Trade Deal Wed, 18 Mar 2020 09:30:49 CDT
Cattle Producers May Have to Live with Market Volatility for Several Months Tue, 17 Mar 2020 16:03:49 CDT
Shane Bedwell Says Breeding Genetics Improvements Moving At The Speed of Light Mon, 16 Mar 2020 10:38:37 CDT
CattleFax CEO Says Beef Market Has Transformed From Supply Driven To Market Driven Fri, 13 Mar 2020 10:37:13 CDT
Dr. Kathy Simmons- Beef Producers Doing Better and Better Job of Judiciously Using Antibiotics Thu, 12 Mar 2020 07:32:09 CDT
Dr. Derrell Peel says China Still Offers Potential For U.S. Beef Wed, 11 Mar 2020 10:22:59 CDT
Dr. Derrell Peel Weighs in On Black Swan Cattle Market Tue, 10 Mar 2020 11:38:55 CDT
NCBA Veterinarian Kathy Simmons Says USDA Making Progress on Getting FMD Vaccine Bank Into Place Tue, 10 Mar 2020 05:54:25 CDT
NCBA Veterinarian Kathy Simmons Says Protecting Our Ag Animals Health Is a 3-Legged Stool Mon, 09 Mar 2020 15:14:23 CDT
Allison Rivera Says NCBA Seeks Flexibility on Hours of Service for ELDS Fri, 06 Mar 2020 08:52:11 CST
Dr. Derrell Peel on The Difficulties of Pinning Down Beef Demand Cuts Thu, 05 Mar 2020 10:17:41 CST
Dr. Derrell Peel says Beef Demand Formula is Not a Simple Equation Wed, 04 Mar 2020 09:47:47 CST
Dr. Sara Place With Elanco, Explains Sustainability Tue, 03 Mar 2020 10:12:10 CST
Chase DeCoite Says BQA Program Still Relevant after 30 Years Mon, 02 Mar 2020 09:47:11 CST
Ben Weinheimer says U.S. Roundtable For Sustainable Beef Benefits Entire Cattle Industry Fri, 28 Feb 2020 08:07:52 CST
Jarold Callahan of Express Ranch on Bull Buying 101 Thu, 27 Feb 2020 11:08:32 CST
Dr. Michelle Calvo-Lorenzo Says Animal Welfare Starts with the Animal Handler Wed, 26 Feb 2020 09:12:53 CST
Dr. Shalene McNeil Says New Dietary Guidlines Include Positive Beef Impact Tue, 25 Feb 2020 09:17:10 CST
Dr. Kent Anderson Says It's Been The Decade of DNA Testing For Impoved Cattle Genetics Mon, 24 Feb 2020 09:59:57 CST
Don Close on the Impact of More Dairy Calves for Beef Consumption Fri, 21 Feb 2020 09:22:40 CST
Colin Woodall on The Battle Over the Beef Check-off Thu, 20 Feb 2020 09:14:06 CST