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
   

Beef Buzz News


Uncertainty Is How KSU Extension Livestock Economist Dr. Glynn Tonsor Describes Current Cattle Market

Fri, 11 Sep 2020 08:44:37 CDT

Uncertainty Is How KSU Extension Livestock Economist Dr. Glynn Tonsor Describes Current Cattle Market Dr. Glynn Tonsor, K-State livestock market economist, uses the word “uncertainty” to describe the current cattle market.

We continue to have lots of uncertainty, Tonsor said, as that is the word I have used the most since March.

That word covers a lot of ground as Tonsor says there is a ton of question marks circulating around the market.

The uncertainty on beef demand is front and center on everybody’s mind, he said, as we look at reopening and closing schools and retail shops because of the pandemic.

Other uncertain factors include feed prices and supplies.

The corn rally is not supportive of feeder cattle prices, Tonsor said.

Wildfires and drought have consumed pasture and range acres and could push more cattle into feedlots.

Uncertainty is the buzzword, emphasized Tonsor.

Macroeconomic beef demand and Mother Nature driven pressures, Tonsor said.

On the positive side, uncertainty about the backlog of cattle caused by the pandemic is going down.

I frankly think the packing and processing sector deserves a lot of credit for the speed of bouncing back, Tonsor said.

The initial processing estimate from this past week was 633,000 head, up notably from 571,000 head from this time a year ago.

I think we will continue to make a lot of headway but there is talk of slowing down to give labor a break, Tonsor said.

It’s a labor- and capital-intensive exercise and there is discussion to give labor a break on working Saturdays, Tonsor said.

The K-State economist added the latest USDA domestic beef demand figures through June were up 34 percent from the prior year.

Pork and poultry demand were also up 10 percent.

Click on the LISTEN BAR below to hear more comments from Dr. Glynn Tonsor.

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 Dr. Tonsor
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Today's Herd Bull Vastly Different Than 25 Years Ago, Says Jarold Callahan, Express Ranches  Mon, 01 Mar 2021 08:42:59 CST
  • Cattle Market Forecast Calls For Strong Prices Ahead Says Kevin Good With CattleFax  Fri, 26 Feb 2021 08:51:10 CST
  • New EPA Administration Water Officials Appear Willing to Work With Agriculture Says NCBA's Scott Yager  Thu, 25 Feb 2021 07:41:53 CST
  • Help is on The Way For Cattle Producers Impacted by Brutal Cold Weather And Covid-19 Says NCBA's Ethan Lane  Wed, 24 Feb 2021 08:18:25 CST
  • Data And Information Should Drive Cattle Market Transparency, Not Emotion, Says KSU Economist Dr. Glynn Tonsor   Tue, 23 Feb 2021 08:12:31 CST
  • Latest Cattle on Feed Report Shows There Are Plenty of Cattle in The System, Says OSU's Dr. Peel  Mon, 22 Feb 2021 08:15:22 CST
  • Everyone Agrees, Including Oklahoma Legislature, There Will Be a Cattlemen's Congress in 2022  Fri, 19 Feb 2021 08:53:52 CST
  • BQA Program Gives Consumers Confidence in Beef Producers, Says Idaho Rancher And Former CBB Chair Kim Brackett  Thu, 18 Feb 2021 10:33:39 CST
  • Large Genetic Toolbox Available For Angus Breeders Says AGI's Joel Cowley  Wed, 17 Feb 2021 08:07:00 CST
  • KSU Veterinarian Offers Advice on Keeping Newborn Calves Alive During Brutal Cold  Tue, 16 Feb 2021 10:08:08 CST
  • Latest Technology on Display at Express Ranches Spring Bull Sale March 5th   Mon, 15 Feb 2021 09:35:08 CST
  • When Brutal Cold Hits, Cows Need Extra Energy And Attention, Says KSU Extension Beef Cow Specialist Justin Waggoner  Fri, 12 Feb 2021 08:18:54 CST
  • Tight Corn Supplies Equals Higher Corn Prices And Raises Cost of Gain For Feedlots, Says OSU's Derrell Peel  Thu, 11 Feb 2021 08:37:08 CST
  • Good Nutrition Critical for Keeping Cattle Healthy in Brutal Cold Weather Says OSU Veterinarian Dr. Rosslyn Biggs  Wed, 10 Feb 2021 08:32:21 CST
  • OSU Veterinarian Dr. Rosslyn Biggs Offers Advice on Preparing Cattle For Bitter Cold Temperatures  Tue, 09 Feb 2021 08:41:30 CST
  • Tight Beef Supply Indicated in Latest USDA Cattle Inventory Report Says Katelyn McCullock, LMIC  Mon, 08 Feb 2021 08:30:47 CST
  • Vilsack Makes it Clear During His Senate Ag Committee Confirmation Hearing he Wants More Cattle Market Transparency  Fri, 05 Feb 2021 08:56:06 CST
  • Cattle Play a Major Role in Keeping us Healthy Says Dr. Sara Place  Thu, 04 Feb 2021 08:15:12 CST
  • Widespread Industry Support Helped Get The Livestock Dealers Statutory Trust Law Passed Says LMA's Chelsea Good  Wed, 03 Feb 2021 09:14:13 CST
  • New Law Will Help Livestock Sellers Recover Funds When a Dealer's Check Bounces Says LMA's Chelsea Good  Tue, 02 Feb 2021 08:20:23 CST
  • January Cattle Inventory Report Shows Stability Depsite Pandemic says OSU's Dr. Derrell Peel  Mon, 01 Feb 2021 09:00:43 CST
  • Congressman Frank Lucas Determined to Resolve Cattle Market Manipulation Issue  Fri, 29 Jan 2021 08:30:44 CST
  • RAMP-UP Act Would Benefit Both Livestock Producers And Consumers, Says Cong. Frank Lucas   Thu, 28 Jan 2021 08:29:08 CST
  • U.S. Beef Exports Expected to Increase 10 percent in 2021 Due to Growing E-Commerce Trade Says Dan Halstrom, USMEF  Wed, 27 Jan 2021 08:20:12 CST
  • Latest Cattle on Feed Report Shows Higher Than Expected Placements  Tue, 26 Jan 2021 08:25:41 CST
  • Helping Commercial Cattle Producers Capture Value of Angus Genetics is Troy Marshall's Focus With the American Angus Association  Mon, 25 Jan 2021 08:38:48 CST
  • Oklahoma Cattle Producers Cautiously Optimistic Says OCA's Michael Kelsey  Fri, 22 Jan 2021 08:34:02 CST
  • MOU Between USDA and FDA on Gene Editing is Good Business Says NCBA's Ethan Lane  Thu, 21 Jan 2021 08:24:49 CST
  • January Cattle Inventory Report Expected to Show a Stable U.S. Cow Herd Says OSU's Derrell Peel  Wed, 20 Jan 2021 08:33:42 CST
  • Simmental Cattle Breeders Expect a Great Year After Their Success in 2020  Tue, 19 Jan 2021 08:05:42 CST
  • American Hereford Association Executive Jack Ward Proud of Breed's Genetic Improvements  Mon, 18 Jan 2021 08:17:21 CST
  • Gene Editing Technology Could Soon Be Common Practice For Beef Cattle Industry  Fri, 15 Jan 2021 08:08:55 CST
  • Seedstock Industry Undergone Many Changes in Last 20 Years, Says Jack Ward, American Hereford Association  Thu, 14 Jan 2021 08:06:15 CST
  • 2020 Taught Beef Producers a Valuable Lesson, Says American Angus Assoc. CEO Mark McCully  Wed, 13 Jan 2021 10:42:47 CST
  • Angus Breeders Survived 2020 By Being Flexible And Quickly Adapting, Says CEO Mark McCully  Tue, 12 Jan 2021 08:02:38 CST

  •  

        
    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.