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


CattleFax Analyst Randy Blach Suspects Feeders will "Leak a Little Oil" as Record Production Grows

Mon, 06 Aug 2018 13:03:25 CDT

CattleFax Analyst Randy Blach Suspects Feeders will Cattle market analyst, Randy Blach of CattleFax addressed producers during the 2018 Cattle Industry Summer Business Meeting this past week in Denver. According to him, the United States will produce 11 billion pounds of protein this year in terms of beef, pork and poultry. That is the highest level of production ever in the history of the US meat industry. What is equally remarkable, is that it is all being consumed as well.


“We’ve got record consumption in the US and more and more people around the world, as they see their incomes rise, we see the demand for protein rise right along with that,” Blach said in an interview with Radio Oklahoma Ag Network Farm Director Ron Hays.


At the same time, though, Blach also reports that the US beef cow herd expansion is beginning to show signs of an impending plateau in the rate of growth.


“We expect we’re going to see the cattle cycle top here within the next 12 to 18 months,” he said. “Between now and 2020, we should see the peak in beef cow numbers somewhere up to 32 million beef cows or a little over.”


Now, how this all impacts the market is the last question on producers’ minds. Blach is optimistic that from a cow/calf and stocker perspective, the cattle market in the foreseeable future looks fairly bright. However, for feeders, Blach is less confident that sustained profitability can be managed.


“This is going to be pretty tough for our feeding industry to make much the rest of the year,” he concluded. “We’ve been buying pretty high break-evens in here for the last several months. So, I suspect we’re going to leak a little oil there.”


Listen to the full exchange between Blach and Hays on his outlook for the cattle market, by clicking or tapping the LISTEN BAR below.



   





   

Hear Blach's outlook on the cattle markets moving forward, with his predictions for producers, feeders.
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, October 19, 2018  Fri, 19 Oct 2018 14:25:41 CDT
  • Friday Market Wrap-Up with Justin Lewis  Fri, 19 Oct 2018 14:11:50 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn  Fri, 19 Oct 2018 13:50:58 CDT
  • OK Cattlemen's Foundation Sends Funds to Help Cattle Producers Affected by Hurricane Michael  Fri, 19 Oct 2018 13:08:45 CDT
  • U.S. Cotton Now Free - After More Than 100 Years - of the Economically Devastating Pink Bollworm  Fri, 19 Oct 2018 12:58:40 CDT
  • Agricultural Alliance 25x'25 Urges Industry Groups to Sign On In Support of Domestic Bioenergy  Fri, 19 Oct 2018 12:47:00 CDT
  • OSU Hosts Free Herbicide Symptomology Clinic for Producers Dealing with Increased Weed Pressure  Fri, 19 Oct 2018 12:39:10 CDT
  • American Farm Bureau Federation, Other Coalition Groups Tell Texas Court to Throw Out Water Rule  Fri, 19 Oct 2018 12:18:57 CDT

  • 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.