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


Agricultural News

Dr. Derrell Peel Breaks Down USDA's Cattle on Feed Report

Mon, 22 Aug 2016 05:19:52 CDT

Dr. Derrell Peel Breaks Down USDA's Cattle on Feed Report The latest monthly USDA Cattle on Feed report was released on Friday afternoon- and one of the leading Land Grant Livestock Market Economists in cattle country says the report came in very close to what was being expected based on pre report guesses. Radio Oklahoma Network’s Farm Director Ron Hays caught up with Extension Beef Economist Dr. Derrell Peel to debrief his initial reaction to the numbers in the report- overall, he sees no surprises..

“I’m actually very confident that we’re in better shape and feel more comfortable with the feedlot situation,” Peel said, “because we are more current, we’re sort of leaner and meaner compared to what we were, not only last year especially, but even really the last two or three years."

Dr. Peel summarized the report saying that across the board it was all well anticipated and he felt as though no major surprises came out with the report, noting that marketings were right where they were expected to be - down one percent, and placements slightly higher than the average guess - at up two percent.

Comparing the report to the last three or four, Peel spotted a few trends. He says the industry is continuing year-over-year increases in placements which he says is well-known and will continue to happen for the foreseeable future. He noted that marketing continues to be aggressive, so feedlot inventories are not building very fast.

Looking deeper into the report, Peel says the numbers tell us that feedlots have no interest right now in owning lightweights, citing that the 700-800 lb. category was up indicating that feeder cattle markets are staying current. He also suggests that drought related issues are affecting the Northing Plains in rebuilding numbers, which is lagging behind the Southern Plains currently.

Finally, Peel says that carcass weight data indicates that the predicted seasonal increase for this fall is happening, but numbers show they are already behind year ago levels for steers, heifers and overall cattle carcass weights.

As far as strategies go for each sector, Peel says there really isn’t much that needs to change but recognizes that there is a lot of opportunity currently. For cow/calf producers, he emphasizes managing costs, and stockers he says have opportunities in backgrounding.

Overall, Peel says there is a good balance throughout all sectors of the industry right now.

Click here to view USDA’s Cattle on Feed report.

Listen to Dr. Derrell Peel’s analysis of today’s Cattle on Feed report from USDA, reported by Farm Director Ron Hays by clicking on the LISTEN BAR below.



Listen to Dr. Derrell Peel Debrief Farm Director Ron Hays on today's USDA Cattle on Feed Report
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, February 21, 2020  Fri, 21 Feb 2020 16:26:48 CST
  • Friday, February 21, 2020 Market Wrap-Up with Justin Lewis  Fri, 21 Feb 2020 14:46:56 CST
  • OKFB Women's Leadership Committee Coming Up Wednesday Feb 26th   Fri, 21 Feb 2020 10:46:53 CST
  • ASF Virus Can Stay Infectious Much Longer than Originally Thought  Fri, 21 Feb 2020 10:21:46 CST
  • FoodChain ID Named Official Certification Body of the U.S. Hemp Authority   Fri, 21 Feb 2020 10:16:55 CST
  • Don Close on the Impact of More Dairy Calves for Beef Consumption   Fri, 21 Feb 2020 09:23:22 CST
  • American Hereford Association Announces New Opportunities for 2020  Fri, 21 Feb 2020 11:46:46 CST
  • Consolidated Beef Producers, Bruce Cobb takes Role at Certified Angus Beef   Fri, 21 Feb 2020 09:14:41 CST

  • More Headlines...


    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!


    Search OklahomaFarmReport.com

    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.