Farm Director KC Sheperd is back talking with Bob Rodenberger, a Stockman Oklahoma Livestock Marketing partner, as he gives the latest on the cattle markets.
Rodenberger described a $30 – $35 upward swing in the feeder market since last November. “It is still good,” he said. “There is tremendous demand for every animal walking – from a three weight to a nine weight.”
He described a strong market for killing cows with 10-year-old seven-month bred cows bringing $2,200. He advised, “If you have old cows, and you are needing to replace them, now is the time to be shucking your old livestock because it is the best salvage market we’ve had.”
Political uncertainties concerning tariffs and layoffs have caused wide swings in the futures markets, and Rodenberger admitted, “In his speech, Trump did say that agriculture was going to struggle a little bit, but he said, ‘I’ll come through for you.’ He came through with subsidies the last time we had this problem.”
Drought is another challenge plaguing cattle producers and tempering their ability to grow their cattle herds.
