KC Sheperd, Farm Director, is visiting with Bob Rodenberger, a partner with Stockman Oklahoma Livestock Marketing, as he talks about the cattle markets and wheat pasture.
Recent rains have increased attitudes among cattle producers significantly, Rodenberger said, and many have got some wheat up. As for the cattle markets this week, Rodenberger said the feeder market was steady, and the calf market was 5 to 15 dollars higher.
“The 15 dollars would be on the very front end,” Rodenberger said. “Weaned calves- 5 dollars higher would be on your in-between calves and your unweaned calves. There was some demand for some calves this week that would be staying local and wouldn’t be going to grow yards.”
Rodenberger said cow supplies were lower this week, but still way above last year’s average.
As for those producers who are able to graze out their cattle on wheat this year, Rodenberger said those producers are going to have the chance to make a good profit.
Rodenberger talked about how government programs such as Risk Protection can aid in locking down a profit.
“It is not one of those deals where you are upside down, and you are owing money on things you don’t have left,” Rodenberger said.
Rodenberger said he expects to see the same trends in the cattle market next week.
“We are going to see calves through the end of the year,” Rodenberger said. “We are not out of cattle.”
For those with questions about the cattle market, Rodenberger said to give him a call at 1-800-926-9696.
Click the LISTEN BAR below to hear KC’s full conversation with Bob Rodenberger on the cattle markets.