Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
      
   
   
   
    
   
   
     
   
   

Agricultural News


Record Choice-Select Spread Emphasizes Opportunity For Quality Beef Production

Wed, 14 Mar 2012 15:48:01 CDT

Record Choice-Select Spread Emphasizes Opportunity For Quality Beef Production
When one of the leading indicators of demand for quality in beef products doubles in a year’s time, that’s a pretty good indication the market is changing and signaling an opportunity. From the last half of 2010 to the last half of 2011, the difference between choice-grading beef and select, the choice-select spread, jumped from an average of $6.44 to more than $12.

Tom Brink of J&F Oklahoma Holdings says more retailers are increasing the quality of their beef offerings. The increased demand for quality cuts and the fact that fed cattle supplies are tight has driven the choice-select spread higher.

He says he expects the spread to remain in record territory in large measure due to export demand.

“Foreign demand emphasizes higher grading product. As exports grow they tend to grow more for the choice and higher grading product. So we’re going to see a wider choice-select spread going forward.”

An enduring wider spread challenges producers to buy a little bit better grading cattle, if possible, Brink says. Sourcing cattle with better genetics is somewhat easier to do as there are larger numbers of Angus-based cattle available.

In the end, he says, proper management in the feedlot can make a difference as well. Producers can feed longer trying to increase choice percentages.

Improvement is the key, Brink says, and with the wide choice-select spread settling in, cow-calf producers who are should have ample opportunity to build on their improvements.


   




 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids, Wednesday, November 26, 2014  Wed, 26 Nov 2014 14:31:20 CST
  • Afternoon Futures Markets Wrap Up, Wednesday, November 26, 2014  Wed, 26 Nov 2014 14:26:28 CST
  • Wednesday Closing Market Wrap Up with Tom Leffler  Wed, 26 Nov 2014 14:12:54 CST
  • NCF Accepting Applications for Beef Industry Scholarship  Wed, 26 Nov 2014 14:09:54 CST
  • Anderson Says Commodity Prices Will Lack Direction During Holidays  Wed, 26 Nov 2014 12:28:51 CST
  • USMEF Uses Integrated Approach in Reaching International Customers   Wed, 26 Nov 2014 10:51:12 CST
  • Stabenow Says Deadline Nearing for Enroll in New Farm Bill Dairy Program  Wed, 26 Nov 2014 09:15:20 CST
  • Wednesday Preopening Market Update with Tom Leffler  Wed, 26 Nov 2014 08:13:44 CST

  • More Headlines...

          

    Ron salutes our daily email sponsors!

    Wireless Pioneer Tulsa Farm Show Croplan Genetics P&K Equipment American Farmers & Ranchers KIS FUTURES, INC. Stillwater Milling Oklahoma Cattlemen's Association Oklahoma Farm Bureau Big Iron

       
       
    © 2008-2014 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI