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


Derrell Peel Sees Beef Cow Culling to Set All-Time Record by the Fourth Quarter of 2022

Mon, 26 Sep 2022 10:03:21 CDT

Derrell Peel Sees Beef Cow Culling to Set All-Time Record by the Fourth Quarter of 2022 Senior Farm and Ranch Broadcaster, Ron Hays, is visiting with Oklahoma State University Livestock Market Economist, Dr. Derrell Peel, talking about the latest Cattle on Feed Report released by the USDA this past Friday.

“The September Cattle on Feed Report showed that placements of cattle during August were 100.4 percent of last year,” Peel said. “Marketing’s during August were 106.4 percent of last year, and that gives us an on-feed total that is just fractionally above a year ago of 100.4 percent.”

Peel said the September report did not have any major surprises and the numbers were close to expectations.

“It is a continuation to some extent to what we have been seeing,” Peel said. “If you look at some of the placements, they are even within a year ago, but they consist of about 4.2 percent increase in placements of cattle under 700 pounds. That is what we have been doing for several months now. Cattle over 700 pounds were down 1.5 percent, so it is more of the same there. It is a little less pronounced than we have been, and it may be an indication that we are finally going to turn the corner.”

At some point in time, Peel said feedlot inventories will come down, but for now feedlots have been successful at holding those inventories by placing lightweight cattle ahead of schedule. The drought has helped that, Peel said, by pushing more cattle into town.

The placements being on the high side of expectations is a sign that we are continuing to move lighter-weight cattle more quickly than normal.

“It is really consistent with what you see,” Peel said. “If you look at Oklahoma auction volume, feeder cattle volume for the last six weeks or so, it is up about 19 percent from last year’s total feeder cattle volume. Within that volume, the number of feeder cattle going through the actions that are over 600 pounds is down about 7 percent while the number of cattle that are under 600 pounds are up- It was up like 61 percent on a year-over-year basis.”

All of these factors reinforce that the drought is forcing producers to wean calves early and move them to town earlier. If they were summer stockers, Peel said, they may have been pulled early and marketed at a lighter weight because feed ran out.

“We only get to place them once, so you can place them early or, and if you do you don’t have them to place later,” Peel said. “ At some point, it is going to catch up with us.”

In the first part of the year, Peel said he was not surprised with how much beef cow culling we were seeing.

“Beef cow slaughter is up 13.3 percent year over year up to this point,” Peel said.

With one more quarter left in the year, Peel said he expects the percentage increase year-over-year will be a little smaller in the fourth quarter.

“We are going to end up probably double digits percentage up from last year and that means we are going to have a good net herd culling of over 13 percent, which will be an all-time record in terms of beef cow culling,” Peel said.


Click the LISTEN BAR below to listen to Ron Hays and Derrell Peel talking on the latest Cattle on Feed Report.

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.


To view the September Cattle on Feed Report, click here.


   

   

Ron Hays Talks with Derrell Peel About September Cattle on Feed
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • NPPC's Michael Formica Feeling Positive About Supreme Courts Upcoming Proposition 12 Decision  Mon, 05 Dec 2022 10:08:27 CST
  • NCBA Fights to Improve Marketing Options for Cattle Producers  Fri, 02 Dec 2022 09:58:28 CST
  • Chinese Consumers Continue to Grow Appetite for U.S. Beef  Thu, 01 Dec 2022 09:23:49 CST
  • Merck Creates Value for Producers and Consumers with Technology and Biopharmaceuticals   Wed, 30 Nov 2022 09:55:28 CST
  • NCBA’s Todd Wilkinson Ready to Fight Back Against Regulatory Overreach in the Cattle Industry   Tue, 29 Nov 2022 10:13:33 CST
  • NCBA and PLC Call ESA Listing Plan of Lesser Prairie Chicken Punitive for Cattle Producers in Southern Plains  Wed, 23 Nov 2022 14:51:02 CST
  • November Cattle on Feed Report Confirms October Pattern of Lower Placements and Tighter Cattle Numbers in Feedlots  Tue, 22 Nov 2022 05:07:02 CST
  • Turning the Corner- OSU's Derrell Peel Sees Tighter Cattle Inventories into 2023 in Latest Cattle on Feed Report  Mon, 21 Nov 2022 04:36:33 CST
  • Turning the Corner- OSU's Derrell Peel Sees Tighter Cattle Inventories into 2023 in Latest Cattle on Feed Report  Mon, 21 Nov 2022 04:27:40 CST
  • Midterm Elections to Set Stage for What Can Be Expected in 2023 Farm Bill  Mon, 07 Nov 2022 12:13:57 CST
  • USMEF's Dan Halstrom Remains Cautiously Optimistic about Strong Beef Demand Going Forward  Thu, 03 Nov 2022 09:35:46 CDT
  • Economic Factors Create Hesitancy in Beef Plant Expansion Plans  Wed, 02 Nov 2022 11:03:34 CDT
  • NCBA's Mike Simone Says Consumer Interest in Fake Meat is on the Decline  Tue, 01 Nov 2022 11:41:02 CDT
  • Beef Remains Valued Product for Consumers as it Allows Them to Stretch their Dollar  Mon, 31 Oct 2022 09:15:56 CDT
  • Hugh Aljoe Provides Methods to Begin and Maintain Good Land Stewardship  Fri, 28 Oct 2022 09:30:13 CDT
  • Implement Soil Health Practices Now to Increase Forage Production when Rains Come  Thu, 27 Oct 2022 15:14:07 CDT
  • Third Beef. It's What's For Dinner. 300 Promotes the Beef Industry on a National Level  Wed, 26 Oct 2022 15:32:23 CDT
  • Latest Cattle on Feed Report from USDA Implies Fewer Pounds of Beef Available in 2023   Tue, 25 Oct 2022 10:17:53 CDT
  • OSU's Derrell Peel- Lower Placements and Smaller On Feed Number Highlight October Cattle on Feed Report  Sun, 23 Oct 2022 12:45:37 CDT
  • Beef Checkoff Research Continues to Share Beef Sustainability Story with Consumers  Fri, 21 Oct 2022 09:23:36 CDT
  • Beef Checkoff Research Works to Ensure Consumers Beef is a Product They Can Trust  Thu, 20 Oct 2022 13:44:44 CDT
  • Odds for Significant Wheat Pasture Going Lower Daily in the Southern Plains  Wed, 19 Oct 2022 14:35:46 CDT
  • NCBA Weighs in on California's Proposition 12   Tue, 18 Oct 2022 11:32:24 CDT
  • 2022 Stockyards Steak Out Takes Oklahoma Beef to the Next Level  Mon, 17 Oct 2022 11:09:07 CDT
  • Holding Onto Your Cow Herd a Little Longer is Projected to Pay Off, says Randy Blach  Fri, 14 Oct 2022 08:14:05 CDT
  • Randy Blach Confident in Better Cattle Market Conditions Down the Road  Thu, 13 Oct 2022 09:43:02 CDT
  • No Imports or Exports Would Result in a Smaller U.S. Beef Cattle Industry  Wed, 12 Oct 2022 16:11:15 CDT
  • Derrell Peel Explains Why International Trade of Beef is Valuable  Tue, 11 Oct 2022 08:19:29 CDT
  • Animal Agriculture Hopeful for a Win as U.S. Supreme Court Looks at California's Proposition 12   Mon, 10 Oct 2022 09:26:17 CDT
  • Amy Hagerman Highlights Federal Drought Help for Cattlemen and Lower Pricing for Forage/Water Testing from OSU   Fri, 07 Oct 2022 09:43:15 CDT
  • NCBA Urges EPA to Press Pause on New WOTUS Rulemaking  Thu, 06 Oct 2022 10:32:04 CDT
  • Kaitlynn Glover Reviews Supreme Court Oral Arguments on WOTUS  Wed, 05 Oct 2022 09:45:32 CDT
  • NCBA Working to Keep GIPSA Rules in the Past   Tue, 04 Oct 2022 09:15:31 CDT
  • NCBA's Colin Woodall Believes Beef is a Key Part of the Solution to Stamping out Hunger  Mon, 03 Oct 2022 11:52:58 CDT
  • Federal Disaster Programs Available to Aid Producers in Forage Loss and Transportation   Fri, 30 Sep 2022 08:53:09 CDT

  •  

       

    Ron salutes our daily email sponsors!

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

       

    Search OklahomaFarmReport.com

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.