Bob Rodenberger says the Feeder Market is Steady Amid Economic Shifts While Calf Market Declines

Listen to KC Sheperd talk with Bob Rodenberger about the latest in the cattle markets.

KC Sheperd, Farm Director, is back talking with Bob Rodenberger, a Stockman Oklahoma Livestock Marketing partner, as he gives the latest on the cattle markets.

Rodenberger said the value of unweaned calves has dropped as is normal for the time of year, as producers don’t yet have wheat pasture prospects. He said that without rainfall, the calf market will continue to drop but may stabilize if adequate rain does fall.

The feeder market is holding steady. Rodenberger said, “One thing that helped is they took a half percent off of interest rates, and the stock market went up five hundred points. The feeder market and the fat market had a rally, yesterday. It didn’t really affect the market, but it returned a positive note.”

The cattle-on-feed report will be published this weekend, and according to Rodenberger, the estimate is that 100 – 101 percent will still be on feed, placements will still be from 98 – 100 percent, and marketings are down 4 percent.

“It’s shocking everybody that we are still placing the same amount of cattle and the same amount of cattle still on feed, but we have to consider that we are feeding these cattle 45 days longer, and as long as we have a cheap cost of gain, they’ll keep these cattle until they get what they think is a fair bid,” Rodenberger explained.

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