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Beef Buzz News


Making Better Business People Out of Ranchers is Key to Beef Industry Success

Mon, 07 Feb 2022 11:25:17 CST

Making Better Business People Out of Ranchers is Key to Beef Industry Success The U.S. beef cattle industry is a complex one, especially in the 21st Century. CattleFax CEO Randy Blach told Ron Hays, senior reporter for the Oklahoma Farm Report, that the future of the industry depends on good businessmen and businesswomen. Recently, he spoke about some key aspects that producers should pay attention to going forward.

First, Blach said produces should be utilizing risk-management tools. Futures and options trading is a tried-and-true method for managing risk. Blach said other tools like Livestock Risk Protection insurance and rain-fall insurance are just two examples of what is available to help producers.

“I encourage more producers to look at ways they can use these tools to take some of the price shocks out of their business,” Blach said. “We cannot forecast these black swan (events); none of us know and how many have we had in the last five or six years?”

In order for the U.S. cattle industry to keep moving forward, Blach said the majority of beef cattle producers need to become better business people.

Speaking of hard times, nearly three-quarters of the country is experiencing abnormally dry conditions or worse, and more than half is in a drought. Blach said the drought is going to impact the cattle business in 2022.

“The last thing we want to see is the markets get where we end up washing a lot more cows out and then blow the tops off these markets at an extreme level, like what happened in 2014,” Blach said. “It was not healthy for the market to go up that much; we priced ourselves completely out of the market.”

Blach also talked about the importance of producer participation when it comes to climate issues.

Click on the LISTEN BAR below to hear more from Ron Hays and Randy Blach as they talk about how producers can keep the U.S. beef industry strong.

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.

Our coverage on the Oklahoma Farm Report of the 2022 Cattle Industry Convention and the NCBA Tradeshow is sponsored by Performance Beef from Zoetis. Performance Beef simplifies feed, performance and health data collection, without double data entry or complicated software. Track feed, generate real-time closeout reports, create accurate invoices, record health data at the chute, in the pen or pasture; or analyze performance trends - all in one place with ease. Try the app for yourself by clicking here.


   


   

Listen to Ron's conversation with Randy here.
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Beef News

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  • Lance Zimmerman with Cattlefax Offers Cow Calf Producers Strategies for Success  Fri, 20 May 2022 08:44:10 CDT
  • Kent Bacus says NCBA is Committed to Promoting Trade to Benefit US Cattle Producers  Thu, 19 May 2022 09:54:10 CDT
  • John Butler with the Beef Marketing Group Communicates to Consumers that the Beef Industry is Sustainable   Wed, 18 May 2022 09:46:15 CDT
  • John Butler with Beef Marketing Group Aims to See All Segments of the Beef Industry Working Together  Tue, 17 May 2022 09:44:42 CDT
  • Fewer Pounds of Beef Coming in the Beef Pipeline  Mon, 16 May 2022 09:02:35 CDT
  • NCBA's Colin Woodall Gives Credit to Cattle Producers for Always Being Sustainable  Fri, 13 May 2022 11:08:03 CDT
  • Dakota Moss Describes Benefits of Utilizing an LRP Program for Cattle Producers  Thu, 12 May 2022 09:53:54 CDT
  • Historically Poor Pasture Conditions to Hit Beef Supplies Ahead  Wed, 11 May 2022 11:31:21 CDT
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  • USMEF's Erin Borror Sees Growth in US Beef Exports for the Remainder of 2022  Fri, 06 May 2022 10:13:22 CDT
  • NCBA's Ethan Lane Hopes to Ensure Risk Management Tools Are Available for all Sectors of Cattle Production  Thu, 05 May 2022 10:37:28 CDT
  • NCBA's Ethan Lane Believes Grassley-Fischer Bill Wil Not Accomplish What the Authors Are Intending  Wed, 04 May 2022 09:18:44 CDT
  • Dr. Stephen Koontz says Mandated Cash Cattle Trade Will Cost Cow-Calf Producers   Tue, 03 May 2022 17:30:26 CDT
  • NCBA Concerned with the Biden Admin's Plan to Publish their own WOTUS Rule Ahead of the Supreme Court   Mon, 02 May 2022 09:03:33 CDT
  • NCBA's Mary Thomas Hart says U.S. Agriculture Needs a Clear Definition of WOTUS  Sun, 01 May 2022 20:37:57 CDT
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  • President-Elect of KLA, Shawn Tiffany, asks Congress not to Limit the use of AMA's   Wed, 27 Apr 2022 09:48:23 CDT
  • OSU's Derrell Peel Says We Could See at Least a 3-4% Decrease in the Beef Cow Herd in 2022  Tue, 26 Apr 2022 06:49:14 CDT
  • Surprise! Derrell Peel Says Feedlot Numbers Well Above Pre Report Expectations in Latest Cattle on Feed Report  Sun, 24 Apr 2022 19:40:48 CDT
  • Dr. Bart Fischer Says Government-Mandated Cash Cattle Trade Could Reduce Prices to Cow-Calf Producers  Fri, 22 Apr 2022 11:00:33 CDT
  • Cattle Producers Can Strategically Utilize the LRP Program to Secure Profit  Thu, 21 Apr 2022 06:49:26 CDT
  • Dakota Moss Says Cattle Producers Can Benefit from Utilizing a LRP Program  Wed, 20 Apr 2022 09:46:06 CDT
  • Dr. Rosslyn Biggs: Keep an Eye Out for Dust Pneumonia in Cattle During Dry Conditions   Tue, 19 Apr 2022 07:53:43 CDT
  • Andy Holloway on Upcoming Annual Hemphill County Beef Conference  Tue, 19 Apr 2022 07:46:21 CDT
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  • Dan Halstrom with USMEF Sees 2022 Off to a Promising Start  Thu, 14 Apr 2022 13:12:39 CDT
  • OSU's Derrell Peel Predicts Tighter Cattle Supplies Going Forward in the Drought  Wed, 13 Apr 2022 08:26:27 CDT
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  • Oklahoma Cattlewomen's Beef Advocacy Contest for Youth Winner, Morley Griffith  Tue, 12 Apr 2022 15:28:27 CDT
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  • Jimmy Emmons Talks on the Benefits of Starting Down the Road to Soil Health   Thu, 07 Apr 2022 13:27:11 CDT
  • Jimmy Emmons Tells Ranchers to Be Proactive During Dry Times by Prioritizing Grazing Management  Wed, 06 Apr 2022 08:42:08 CDT
  • Latest USDA Prospective Plantings Points to Lower Feeder Cattle Prices Ahead  Tue, 05 Apr 2022 11:48:14 CDT

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