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Beef Buzz News


Market Analyst Corbitt Wall Makes The Case For Cattle Producers and Beef Packers Are Not in The Same Business

Fri, 13 Nov 2020 08:56:57 CST

Market Analyst Corbitt Wall Makes The Case For Cattle Producers and Beef Packers Are Not in The Same Business Cattle producers and meat packers are not in the same business and that has never been more obvious than during the pandemic, said market analyst Corbit Wall.

Radio Oklahoma Ag Network Farm Director Ron Hays recently visited with Wall about the issue.

It’s been devastating and probably shown us how vulnerable cattle producers are and how narrow the outlet is for our product, he said.

Our end product is cattle and the packers are in the beef selling business, Wall said.

For many years we tried to think we were in the same business but the recent “Black Swan” events of the plant fire in Kansas and the pandemic have shown we need to take care of ourselves, Wall said.

We saw during the worst of the COVID-19 when packers are making about $3,000 per head and the cattle producer is losing about $300 per head, there is no sharing of that profit margin, Wall said.

We don’t see the cotton industry advertising for Fruit of the Loom, Wall said.

We need to have smaller regional packers for people who want locally produced beef and are willing to pay for it, he said.

The market is just now starting to recover from the pandemic-caused backlog in April and May.

Carcass weights are at record highs and it was just from being backed up, Wall said.

Cattle sellers are starting to get a little more leverage now with the packers, he noted.

Our exports are outstanding and if we didn’t have the export business, we really would have had a wreck, Wall said.

The popular market analyst advised cattle producers to diversify by changing the timing of calving season.

We need to have more fall calves, he said.

When everybody is doing the same thing at the same time it doesn’t make sense as people eat beef year around, Wall said.

Auction markets are full right now and not everybody needs to have a 600-pound calf to sell in the fall, he said.

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

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 Corbitt Wall
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Beef News

  • Anti-Animal Ag Groups Ramp Up Attacks During Pandemic  Fri, 04 Dec 2020 08:40:31 CST
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  • 2020 May End Being a Normal Year For Beef Production Says OSU's Dr. Derrell Peel   Tue, 01 Dec 2020 08:42:29 CST
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  • Cattle Producers Have Found Unique Ways to Promote Beef During This Challenging Time  Fri, 27 Nov 2020 08:24:41 CST
  • Greg Hanes, Cattlemen's Beef Board, Says Zoom And Other Technologies Are Helping Them Reach More Consumers  Wed, 25 Nov 2020 08:16:30 CST
  • USMEF's Dan Halstrom Says The Trump Administration Has Been a Good Period For U.S. Meat Exports  Tue, 24 Nov 2020 08:24:30 CST
  • No Surprises in Latest Cattle on Feed Report And OSU's Derrell Peel Says The Market is Leveling Out  Mon, 23 Nov 2020 07:31:31 CST
  • U.S. Meat Export Glass is Half Full But It's Filling Up Fast Says USMEF's Dan Halstrom  Fri, 20 Nov 2020 08:25:34 CST
  • October Ice Storm Dramatically Impacted Cattle Markets Says OSU's Derrell Peel  Thu, 19 Nov 2020 08:29:20 CST
  • Slow Pace of U.S. Beef Exports a Concern, Says Market Analyst Katelyn McCullock  Wed, 18 Nov 2020 08:39:32 CST
  • Katelyn McCullock, Livestock Marketing Information Center, Talks About Holiday Beef Demand During The Pandemic  Tue, 17 Nov 2020 08:34:42 CST
  • Simmental Among The Breeds to be Shown At Cattlemen's Congress in Oklahoma City in January  Mon, 16 Nov 2020 08:11:49 CST
  •   Mon, 16 Nov 2020 07:22:43 CST
  • Market Analyst Corbitt Wall Makes The Case For Cattle Producers and Beef Packers Are Not in The Same Business  Fri, 13 Nov 2020 09:02:10 CST
  • NCBA's Ethan Lane Reviews Election Results  Thu, 12 Nov 2020 08:20:33 CST
  • The Certified Angus Beef Brand Remains Focused on Providing Quallity to Consumers and Profitability to Producers  Wed, 11 Nov 2020 09:23:13 CST

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