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


Colin Woodall, NCBA, Says Producers Are on The Wrong Side of Market Leverage Right Now

Mon, 03 May 2021 07:59:58 CDT

Colin Woodall, NCBA, Says Producers Are on The Wrong Side of Market Leverage Right Now Cattle producers are caught in a balancing act with the packers, as each side works on leveraging supply and demand, said Colin Woodall, CEO of the National Cattlemen’s Beef Association.

Woodall recently talked with Radio Oklahoma Ag Network Farm Director Ron Hays.

It boils down to cattle markets, that’s on the minds of everybody, Woodall said.

We continue to see high demand and high cutout values and hear about the packer margins, he said.

On the producer side, we haven’t seen a whole lot of appreciation in price, he noted.

The age-old question of how we get more of that dollar in the producers’ pockets is top of mind, he said.

The NCBA CEO said they are closely watching the numbers, keeping in mind what cattle producers have said about triggering price transparency thresholds that can swing market leverage to one side or the other.

Leverage is simply supply and demand and if you have the supply and someone wants what you have then you have the leverage, he said.

There are a lot of cattle out there and the packers know that, so they have the leverage, he said.

We’re not giving up hope that we can take back that leverage but right now it is firmly in the packer camp, Woodall said.

Part of the problem lie with reduced packer capacity following the 2013-14 drought that reduced cow herds.

Packers made the business decision to shut down plants.

It is clear when you look at the charts and the data that is exactly where that leverage shifted, Woodall said.

We got down to some of the lowest herd numbers in 50 years and there was not the supply to keep the lights on in the plants, Woodall said.

Typically, when a plant goes dark it is rare those light get turned back on and that is what we are seeing now, Woodall said.

Even though the supply is back up those plants have not returned and that is why the packers have leverage, he added.

Click on the LISTEN BAR below to hear the complete interview with Colin Woodall as he 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.


   
   

Ron Hays Beef Buzzes With Colin Woodall
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • John Stika Believes the Pandemic Shows Consumers Want High Quality Beef  Thu, 16 Sep 2021 08:07:17 CDT
  • Dr. Jody Wade's Advice to Cattle Producers is Stay Ahead of BRD  Wed, 15 Sep 2021 13:14:02 CDT
  • Katelyn McCullock Sees High Hay Prices in the U.S.  Tue, 14 Sep 2021 10:49:50 CDT
  • NCBA's Ethan Lane Believes mCOOL is Old News  Mon, 13 Sep 2021 11:15:37 CDT
  • NCBA's Ethan Lane Heard Little New in White House Briefing on Competition  Fri, 10 Sep 2021 11:45:17 CDT
  • Dan Halstrom Predicts 2021 Will Be a Record Year for U.S. Beef Exports  Thu, 09 Sep 2021 11:15:04 CDT
  • Dietician Shalene McNeill Says Consumers Enthusiastic About Including Beef in Their Diet  Wed, 08 Sep 2021 09:25:33 CDT
  • Shalene McNeill on Why You Should Feed Your Baby Beef  Tue, 07 Sep 2021 12:20:07 CDT
  • Randy Blach Says Sustainability is an Opportunity for Beef Cattle Industry  Mon, 06 Sep 2021 05:00:35 CDT
  • Although Beef Demand is High, Dollars are Slow to Trickle Down to Producers  Fri, 03 Sep 2021 12:25:25 CDT
  • Dr. Harold Newcomb Says Strategic Deworming Helps Your Bottom Line  Thu, 02 Sep 2021 09:33:31 CDT
  • Carbon Markets: The Wild West of Free-Market Enterprise  Wed, 01 Sep 2021 10:38:53 CDT
  • Biden Administration Intent on Dumping Trump Era Navigable Waters Protection Rule  Tue, 31 Aug 2021 16:57:44 CDT
  • NCBA's Scott Yager Says Redefining WOTUS Will Be Repetitive  Mon, 30 Aug 2021 11:18:40 CDT
  • Mark Your Calendars for the Second Annual Cattlemen's Congress  Fri, 27 Aug 2021 11:46:50 CDT
  • More From NCBA's Kent Bacus on Why Beef Exports to China, Japan and Korea Work  Thu, 26 Aug 2021 11:36:51 CDT
  • U.S. Beef is Bustling in the Pacific Rim Says NCBA's Kent Bacus  Wed, 25 Aug 2021 08:32:01 CDT
  • Bruce Hoffman Talks Treating Bovine Respiratory Disease  Tue, 24 Aug 2021 09:29:20 CDT
  • OSU's Derrell Peel Says August Cattle on Feed Report Shows Tighter Cattle Supplies Ahead  Mon, 23 Aug 2021 13:24:14 CDT
  • Randy Blach Believes Better Quality Cattle Brings Great Eating Experience to Consumers  Fri, 20 Aug 2021 09:17:27 CDT
  • Dan Halstrom: There are Concerns Despite High Exports of Beef and Pork  Thu, 19 Aug 2021 10:42:01 CDT
  • U.S. Beef. It's What's for Dinner, Globally  Wed, 18 Aug 2021 10:23:41 CDT
  • NCBA Continues Work With Members and Congress in Improving Market Transparency and Cash Cattle Trade  Tue, 17 Aug 2021 10:29:42 CDT
  • Ethan Lane Says All Eyes are on Transfer Taxes  Mon, 16 Aug 2021 09:34:18 CDT
  • Scott Yager on What New Methane Measurements Mean for the Cattle Industry  Fri, 13 Aug 2021 10:05:46 CDT
  • CattleFax VP Kevin Good Says Cattle Market Leverage is Moving Toward Producers  Thu, 12 Aug 2021 09:20:34 CDT
  • NCBA's Danielle Beck on How the Biden Administration Plans on Funding Their Goals for the U.S.  Wed, 11 Aug 2021 09:53:56 CDT
  • NCBA President Jerry Bohn Talks How the Biden Administration Could Impact Beef Producers  Tue, 10 Aug 2021 11:36:01 CDT
  • Oklahoma National Stockyards President Kelli Payne Talks Resiliency Amid the Coronavirus Pandemic  Mon, 09 Aug 2021 21:39:00 CDT
  • Oklahoma National Stockyards President Kelli Payne Talks Resiliency Amid the Coronavirus Pandemic  Mon, 09 Aug 2021 10:36:15 CDT
  • Cattle Selling This Month at The Big Event at Express Ranches are the Best of the Best  Fri, 06 Aug 2021 13:53:58 CDT
  • American National Cattle Women: The Cattle Industry’s Boots on the Ground  Thu, 05 Aug 2021 17:14:35 CDT
  • Clay Burtrum Talks Beef Checkoff Efforts Ahead of the 2021 Cattle Industry Convention  Wed, 04 Aug 2021 20:06:59 CDT
  • Dr. Tryon Wickersham Urges Cattle Producers to Tell the Positive Story of Beef to Consumers   Tue, 03 Aug 2021 13:04:50 CDT
  • TCFA's Ross Wilson Worries About Overreach as USDA Rewrites the GIPSA Rule  Mon, 02 Aug 2021 14:14:25 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   2018  |   2019  |   2020  |   Jan 21  |   Feb 21  |   Mar 21  |   Apr 21  |   May 21  |   Jun 21  |   Jul 21  |   Aug 21  |   Sep 21  |   Oct 21  |   Nov 21  |   Dec 21
       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

       
       

    Search OklahomaFarmReport.com

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

    WebReady powered by WireReady® Inc.