There is a new blog post out at the Southern Plains Perspective by Clay Pope! Read below: Droughts often end with a deluge…that’s why we have the USDA upstream flood control program. I had never heard the term “atmospheric river” before the recent stretch of insane rain on the West Coast, but boy am I …
Category: Ag News
Jan 23
Hereford Champions Named at the 2023 National Western Stock Show
Herefords took Denver, Colo., by storm in the Yards and on the Hill at the National Western Stock Show, Jan. 13-14. Judges Donnie Robertson, Yukon, Okla., and Miles Shout, Piedmont, Okla., sorted the 36-head of bulls and 90-head of heifers in the open show, Saturday, Jan. 14. A total of 223 Hereford cattle were exhibited …
Jan 23
Winter Storm Could Bring Much-Needed Moisture to the State
A winter Storm is brewing and could bring some pretty good snow to the state. According to State Climatologist Gary McManus, “Some folks could see a LOT more (or less, obviously) with convective elements within the broader storm possible, meaning thunder-snow. Again, lots has to happen to get all these things working in the same …
Jan 23
OSU’s Derrell Peel: Less Heifers in Feedlots…Finally
Mondays, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the “Cow Calf Corner.” Today, Dr. Peel talks about fewer heifer numbers in feedlots. The January Cattle on Feed report from USDA-NASS showed the …
Jan 23
NRCS in Oklahoma Announces New Funding Opportunity for Conservation Activities
The USDA Natural Resources Conservation Service (NRCS) in Oklahoma is announcing the fiscal year 2023 signup period for Conservation Incentive Contracts (CIC), a new option available through the Environmental Quality Incentives Program (EQIP). Oklahoma producers should apply by February 24 to be considered for funding in fiscal year 2023. The Environmental Quality Incentives Program (EQIP) …
Jan 23
Dairy Defined Podcast: Farmers Face Unique Mental-Health Challenges, Roecker Says
Farming is a uniquely stressful occupation, and farmer mental-health needs tend to be underserved, said Loganville, WI dairy farmer Randy Roecker in the latest Dairy Defined podcast. Roecker, a board member for Foremost Farms USA, is a co-founder of the Farmer Angel Network, a Wisconsin organization that helps support farmers’ mental health needs. “A lot …
Jan 23
FFA Members Explore Agriculture in Costa Rica
To kick off 2023, 75 current and former state FFA Officers visited Costa Rica to learn about the various types of agriculture in the country. State officers traveled the country experiencing CATIE, the Tropical Agricultural Research and Higher Education Center; the Tibas Farmers Market; La Paz Waterfall Gardens; a palmito plantation; pineapple plantation; wildlife reserve …
Jan 23
January Cattle on Feed Report Three Percent Under Year Ago- Derrell Peel Says Tighter Supplies Will Be Around for Awhile
Mon, 23 Jan 2023 05:15:10 CST
For the fourth month in a row- feedlot inventories fell in the January first USDA Cattle on Feed Report. Oklahoma Farm Report’s Ron Hays talked with OSU Extension Livestock Market Economist Dr. Derrell Peel about the numbers, all of which were under year ago levels.
USDA’s on feed number as of January first was 97% of a year ago, the Decmber placements were 92% of a year ago and marketings were 94% of one year ago. Peel says that all of these numbers were very close to average pre report expectations.
Peel tells Hays “Last month I might have mentioned the December one inventory had an unusual month to month decrease that suggests that maybe November was an early seasonal peak in the feedlot inventories- normally we are peaking anywhere from January to March or April and it was at a lot lower level than a year ago. This January number is slightly above than the December level but not very much so it does suggest that we are putting in an earlier seasonal peak in these numbers- and that they are going to go on down from here- we simply don’t have the cattle to support larger feedlot inventories in the forseeable future.”
Peel also believes that the leverage that was controlled by the packers during the 2020 COVID has moved back up the pipeline- feedlot operators have had the ability to demand higher prices in recent months but that leverage is going to further slide all the way back to the primary production level- and that is the cow calf level. “the shortage of cattle will be reflected in calf prices and then everyone above them will is a margin operator and the margin operators are all gonna feel the squeeze.”
Peel reminds us that this is a quarterly report- so it gives us a breakdown in steers and heifers on feed. “we did see a slight decrease in the number of heifers on feed- that’s the first time in sixth quarters that we have had a year over year decrease of heifers on feed.” He believes that suggests that we are getting close to ending the worse of the liquidation of heifers available for our beef cattle herds.
Click here for the complete Cattle on Feed report from USDA released on Friday, January 20, 2023.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Ag Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR for today’s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
Ron Hays Beef Buzzes with Derrell Peel on Cattle on Feed Released January 20
Jan 23
January Cattle on Feed Report Three Percent Under Year Ago- Derrell Peel Says Tighter Supplies Will Be Around for Awhile
Mon, 23 Jan 2023 05:15:10 CST
For the fourth month in a row- feedlot inventories fell in the January first USDA Cattle on Feed Report. Oklahoma Farm Report’s Ron Hays talked with OSU Extension Livestock Market Economist Dr. Derrell Peel about the numbers, all of which were under year ago levels.
USDA’s on feed number as of January first was 97% of a year ago, the Decmber placements were 92% of a year ago and marketings were 94% of one year ago. Peel says that all of these numbers were very close to average pre report expectations.
Peel tells Hays “Last month I might have mentioned the December one inventory had an unusual month to month decrease that suggests that maybe November was an early seasonal peak in the feedlot inventories- normally we are peaking anywhere from January to March or April and it was at a lot lower level than a year ago. This January number is slightly above than the December level but not very much so it does suggest that we are putting in an earlier seasonal peak in these numbers- and that they are going to go on down from here- we simply don’t have the cattle to support larger feedlot inventories in the forseeable future.”
Peel also believes that the leverage that was controlled by the packers during the 2020 COVID has moved back up the pipeline- feedlot operators have had the ability to demand higher prices in recent months but that leverage is going to further slide all the way back to the primary production level- and that is the cow calf level. “the shortage of cattle will be reflected in calf prices and then everyone above them will is a margin operator and the margin operators are all gonna feel the squeeze.”
Peel reminds us that this is a quarterly report- so it gives us a breakdown in steers and heifers on feed. “we did see a slight decrease in the number of heifers on feed- that’s the first time in sixth quarters that we have had a year over year decrease of heifers on feed.” He believes that suggests that we are getting close to ending the worse of the liquidation of heifers available for our beef cattle herds.
Click here for the complete Cattle on Feed report from USDA released on Friday, January 20, 2023.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Ag Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR for today’s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
Ron Hays Beef Buzzes with Derrell Peel on Cattle on Feed Released January 20
Jan 22
Sharing Stories About U.S. Farm Families And Delicious Food
U.S. Wheat Associates (USW) is pleased to help share the positive stories about how U.S. farmers, ranchers and fisheries are producing excellent quality, delicious food for the world in highly sustainable ways. In fact, U.S. wheat farm families are featured in several video stories created by USDA and U.S. trade associations as part of a …
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