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Beef Buzz News


Latest Cattle on Feed Report Shows Why There is a Ripple Effect Happening in The Cattle Processing Chain as Cattle Are Being Backed Up Into May and June

Mon, 27 Apr 2020 11:54:51 CDT

Latest Cattle on Feed Report Shows Why There is a Ripple Effect Happening in The Cattle Processing Chain as Cattle Are Being Backed Up  Into May and June A deep dive into the latest Cattle on Feed Report reveals some startling numbers.

The report shows cattle placed on feed down 23 percent from a year ago, cattle on feed down 5 percent and 180,000 fewer cattle were processed as of April 1 compared to a year ago.

Ross Wilson, president and CEO of the Texas Cattle Feeders Association (TCFA) says market ready cattle are being backed up and forced to wait for processing well into May and June.

The overall situation is as bad as it has ever been, Wilson said.

“We have never seen this type of market volatility,” Wilson said.

The TCFA president told Carey Martin said it is impacting all feed yards, especially those in the Midwest where they use cash trade rather than a formula or grid basis.

We want to increase the use of negotiated premium trade, Wilson said.

This has put a squeeze on the whole system as cattle from the north are being moved south and forcing a backlog and creating a ripple effect throughout the industry.

“Our members are being told by the packers they have to move some of their April cattle into May and May cattle into June to make room for the northern cattle,” Wilson said.

Consumers are seeing the impact at the meat counter as the available supply is sharply curtailed. Some analysts believe it could be 3 weeks or more before consumers could see more product available.

Click on the LISTEN BAR below to hear more comments from Ross Wilson.

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 Ross Wilson
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