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
   
   
   
   
   
   
   
   
   
   

Agricultural News


LMIC's Jim Robb Says USDA's Next Cattle on Feed Report Has Potential to Surprise the Marketplace

Thu, 22 Mar 2018 11:07:03 CDT

LMIC's Jim Robb Says USDA's Next Cattle on Feed Report Has Potential to Surprise the Marketplace


The last several monthly Cattle on Feed reports have shown bigger placement numbers of cattle than a year ago. Jim Robb of the Livestock Marketing Information Center remarked to Radio Oklahoma Ag Network Farm Director Ron Hays recently, that this theme is likely to continue in the next report expected out this Friday afternoon from the USDA.


“The expectation is for more of the same in terms of placements, but a rather wide range in those estimates and most of the unknowns being in the Southern Plains,” Robb said. “Especially because of drought conditions and most of the Southern Plains, especially the western parts, there’s a wide range.”


In terms of placements, Robb says the LMIC’s estimates for this upcoming report have landed near the lower end of that range. But, as they continue to receive data, he says they are actually gravitating towards higher numbers. He predicts placements will probably come in at 100 percent to 107 percent to a year ago. Marketings, he says, should come in at about 2 percent above last year. And with that, he says total cattle on feed may end up between 7.5 and 8.5 percent more than last year.


“If it’s up towards a higher end, towards that expected range that does dampen the enthusiasm more as many of these cattle come out late in the summer quarter out of feedyards for marketing,” he said. “So, this is a report that has the potential to surprise the marketplace a little bit. If we start to back up larger numbers, that will really hit these fed cattle prices pretty hard and pretty quickly. It’s not an immediate concern but as we get into the summer quarter and fall quarter, we’re going to have to watch this very closely.”


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.





   





   

Hear Jim Robb and Ron Hays discuss his estimates for the upcoming USDA Cattle on Feed Report
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Steer and Heifer Calves Trade 3.00 - 6.00 Higher on Tuesday at OKC West Livestock Auction  Tue, 18 Dec 2018 16:31:10 CST
  • Arysta's 'UNLOCK 5' Can Help You Optimize Your Crop's Yield Potential- Lynn Justesen Explains How  Tue, 18 Dec 2018 15:54:11 CST
  • Farm Bureau Leaders Zippy Duvall and Jeff Aiken Call Attention to New Clean Water Rule's Strengths  Tue, 18 Dec 2018 15:25:29 CST
  • John Deere Company to Launch New Start-Up Collaborator Program in Its Intelligent Solutions Group  Tue, 18 Dec 2018 15:19:56 CST
  • Updated Study by USMEF Quantifies Value Delivered to Corn Producers Through Red Meat Exports  Tue, 18 Dec 2018 15:10:57 CST
  • House Ag Chair Mike Conaway, AFBF President Zippy Duvall Embrace the EPA's "Clear Water Rule"  Tue, 18 Dec 2018 15:04:23 CST
  • University of Nebraska Veterinary Epidemiologist Brian Vander Ley on Vaccine Efficacy, Management  Tue, 18 Dec 2018 14:52:14 CST
  • Oklahoma Congressman Tom Cole Expresses His Support for Rural Americans in Op-Ed for McCarville  Tue, 18 Dec 2018 14:41:58 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.