Beef Buzz News
Katelyn McCullock says Fourth-Quarter Cattle Prices are Contraseasonal
Thu, 09 Dec 2021 14:49:23 CST
Last week, cash, fed-cattle prices averaged $140 in the U.S., which happens to be the second-highest average price per head in history, behind prices in 2014. In the Southern Plains, prices reached $141. This great news has been a long time coming and cattle feeders are rejoicing.
Listen to Ron's conversation with Katelyn here.
Cash markets took a positive turn the second week of Nov., gaining a little more than $10 per one-hundred weight since. Now, folks in all corners of the cattle industry are waiting to see what will happen next. Katelyn McCullock, director and senior economist for the Livestock Marketing Information Center, told Radio Oklahoma Ag Network Director Ron Hays that based on history, she could guess what markets will do, but the last quarter of the year has been contraseasonal.
"I could tell you want normally happens, but I do not know if this is going to be a normal situation," McCullock said. "Usually, you do not see Dec. hit such a high point. Usually, you would see the April quarter take out anything that had happened in that fourth quarter."
McCullock said she is waiting to see how Dec. averages. With the way things are going in the last quarter, a potentially large price spread makes her wonder what market patterns will look like moving forward, she added.
"Normally, you would see a very strong first half of the year," McCullock said. "I no longer want to guess."
Historically, cattle prices usually peak in the second quarter, a decline in summer months and come back up in the fourth quarter, according to McCullock.
According to McCullock, boxed beef is also doing well. She said cash cattle prices are going to depend on how the packer margin behaves.
Click on the LISTEN BAR below to hear more from Ron Hays and Katelyn McCullock as they talk about cash cattle prices now and in the future, plus hay supplies in the U.S.
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.
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