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


Cattle on Feed Report No Surprise, Says OSU's Derrell Peel, As It Shows Large Drop In Marketings

Mon, 22 Jun 2020 10:50:30 CDT

Cattle on Feed Report No Surprise, Says OSU's Derrell Peel, As It Shows Large Drop In Marketings OSU Extension Livestock Economist Dr. Derrell Peel said the latest USDA Cattle on Feed Report was no surprise as it showed flat placement numbers and sharply lower marketings as compared to a year ago. Radio Oklahoma Ag Network Farm Director Ron Hays interviewed Peel following the Friday release of the report, and Peel said the report basically means the industry is back on track after suffering through months of the coronavirus impact.

Peel said the June report showed placements in May are about 99 percent of year ago, Peel said, and marketings in May are about 72 percent of year ago numbers.

The total number of cattle on feed was just down fractionally from a year ago.

Peel said this is about what he expected going into the report.

He said it is Important to keep in mind that the month of May had two less business days than a year ago so that could slew the numbers slightly.

He noted the cattle are still out there as we have just been moving them around. The two months of low placements ahead of this report will give us a chance to catch up on the backlog of cattle that we didn’t get processed, Peel said.

We’ve been watching the slaughter capacity rebuild and we’re back to about 98 percent of year ago levels, Peel said.

If you use last year’s carcass weights you can add 3 or 4 percent to the slaughter total, Peel said. We’re effectively slaughtering more cattle each day than a year ago because of the added weights.

The bottom line is on a week to week basis and for the rest of the year we’re going to see year over year increases in beef production, Peel said.

The OSU economist expects the market imbalance between supply and demand will keep pressure on fed cattle prices for many weeks to come.

To view the USDA Cattle on Feed Report, click here.

Click on the LISTEN BAR below to hear more of Ron’s interview with Dr. Peel.

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 Derrell Pell
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • CattleFax Leader Predicts Higher Calf Prices In Coming Months  Fri, 25 Sep 2020 08:04:07 CDT
  • OSU's Dr. Derrell Peel Says Livestock Markets Have Recovered From The Pandemic As Producers Now Hope For Good Winter Wheat Pasture  Thu, 24 Sep 2020 08:22:07 CDT
  • Ultra-High Frequency Technology Allows For Fast, Easy Cattle Traceability, Says Callahan Grund With U.S. CattleTrace  Wed, 23 Sep 2020 08:46:07 CDT
  • U.S. CattleTrace Is a New Organization Focused On Beef Cattle Traceability  Tue, 22 Sep 2020 09:03:14 CDT
  • Danielle Beck, NCBA, Explains How Cattle Producers Can Receive Round Two CFAP Payments  Mon, 21 Sep 2020 08:39:44 CDT
  • Cattle Herds Are Shrinking And Intensifying Focus On Packer Capacity, Says Randy Blach With CattleFax  Fri, 18 Sep 2020 08:12:07 CDT
  • Cattle Industry Has Made a Remarkable Adjustment To Pandemic, Says Randy Blach, CattleFax CEO  Thu, 17 Sep 2020 08:33:03 CDT
  • Understanding Price Discovery Is The Key To Improving It Says Texas A&M Economist David Anderson  Wed, 16 Sep 2020 08:26:54 CDT
  • No FMD In United States Since 1929 But Iowa State's Dr. Danelle Bickett-Weddle Says We Must Be Prepared For An Outbreak  Tue, 15 Sep 2020 09:45:10 CDT
  • CARES Act Stimulus Payments Could Be Helping Increase Beef Demand Says KSU's Dr. Glynn Tonsor  Mon, 14 Sep 2020 08:16:00 CDT
  • Uncertainty Is How KSU Extension Livestock Economist Dr. Glynn Tonsor Describes Current Cattle Market  Fri, 11 Sep 2020 08:48:49 CDT
  • The World Population Still Eating Beef Despite Pandemic Says USMEF's Dan Halstrom  Thu, 10 Sep 2020 08:27:19 CDT
  • Demand Remains Strong For U.S. Beef Exports, Says Dan Halstrom, USMEF President And CEO  Wed, 09 Sep 2020 08:08:52 CDT
  • Beef Producers Should Have A Biosecurity Plan, Says OSU Veterinarian Dr. Rosslyn Biggs  Tue, 08 Sep 2020 07:45:25 CDT
  • OSU Extension Livestock Economist Dr. Derrell Peel Says Conditions Exist For Good Profit Margins For Grazing Stocker Calves On Wheat Pasture This Year  Fri, 04 Sep 2020 08:23:52 CDT
  • Meat Packing Industry Needs To Add About 6,000 Head To Daily Capacity, Says Dustin Aherin, Rabo AgriFinance  Thu, 03 Sep 2020 08:42:00 CDT
  • Beef Exports Are Valuable For U.S. Producers Says CattleFax's Randy Blach  Wed, 02 Sep 2020 09:27:50 CDT
  • CattleFax CEO Randy Blach Says Beef Demand Has Dramatically Improved In The Past 20 Years  Mon, 31 Aug 2020 08:20:48 CDT
  • Great American Outdoor Act a Federal Land Grab, Says Kaitlyn Glover With NCBA And PLC  Fri, 28 Aug 2020 08:49:21 CDT
  • Great American Outdoor Act a Federal Land Grab, Says Kaitlyn Glover With NCBA And PLC  Fri, 28 Aug 2020 08:35:50 CDT
  • Elanco's Sara Place Says Converting To a Vegan Diet Would Not Improve The Environment  Thu, 27 Aug 2020 08:17:10 CDT
  • Cattle Are Part of The Solution, Not Part of The Problem, Explains Dr. Sara Place, Elanco Animal Health  Wed, 26 Aug 2020 08:03:54 CDT
  • Dan Halstrom, USMEF, Expects U.S. Beef Exports To Increase in Late 2020  Tue, 25 Aug 2020 07:41:48 CDT
  • Latest Cattle On Feed Report Shows Higher Than Expected Placements And OSU's Dr. Peel Says This Could Mean We've Worked Through The Cattle Backlog  Mon, 24 Aug 2020 07:57:48 CDT
  • California Judge Surprisingly Rules In Favor Of Trump Water Rule, Thus Supporting Agriculture, Says NCBA's Scott Yager  Fri, 21 Aug 2020 08:46:48 CDT
  • Trump Water Rule Now Being Contested In Court, Forcing NCBA To Defend Government Rule, Says NCBA's Scott Yager  Thu, 20 Aug 2020 09:09:54 CDT
  • LMIC's Katelyn McCullock Projects Better Returns For Cattle Feeders Later This Year  Wed, 19 Aug 2020 08:22:39 CDT
  • Input From Cattle Producers Critical For Meeting Goals of The U.S. Roundtable For Sustainable Beef  Tue, 18 Aug 2020 08:58:48 CDT
  • The U.S. Roundtable for Sustainable Beef Provides a Framework For Producers To Be Profitable For The Long-Term Says Past Chair Ben Weinheimer  Mon, 17 Aug 2020 09:45:11 CDT
  • NCBA's Kent Bacus Explains Why We Need To Import Small Amounts Of Beef  Fri, 14 Aug 2020 11:36:29 CDT
  • For US Cattle Producers- China Still Offers Huge Potential- So Says NCBA's Kent Bacus  Thu, 13 Aug 2020 14:23:21 CDT
  • NCBA's Kent Bacus Optimistic 2020 Will Be A Good Year For U.S. Beef Exports  Wed, 12 Aug 2020 09:19:20 CDT
  • 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

  •  

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

    WebReady powered by WireReady® Inc.