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
   
   
   
   
   
   

Beef Buzz News


Cattle Market Forecast Calls For Strong Prices Ahead Says Kevin Good With CattleFax

Fri, 26 Feb 2021 08:51:05 CST

Cattle Market Forecast Calls For Strong Prices Ahead Says Kevin Good With CattleFax If we can get through the next few months, cattle prices will be strong for the next several years said Kevin Good, vice president of industry relations with CattleFax.

Good laid out the future market price expectations as part of the annual CattleFax market outlook seminar during the virtual winter NCBA policy conference this week.

The cattle market analyst said good beef demand and higher prices will be the rule, beginning with the calf market.

We would expect it to bounce back to pre covid levels, Good said.

Prices are in the 160ís now and going into the spring grass season the prices will go up to the 180 range, Good said.

He expects lows to still occur in the fall run but less pronounced, followed by a nice rally ending the year.

That suggests during the fall run this year we could easily average 10 to 15 cents higher than a year ago, Good said.

Overall, the cattle price outlook is strong later this year and for the next several years, but in the short-term large supplies will hold prices down, he said.

Combining the grain production and weather forecasts with the cattle supply outlook paints a strong picture for all classes of cattle, Good said.

The CattleFax analyst specifically pointed to utility cows as he expects that class to become an even larger piece of the cattlemanís paycheck for the next several years.

Strong demand for trimmings and hamburger has trended the utility cow market higher since 2018, Good said.

In addition to his cattle price forecast, Good presented a post-covid economic cattle market outlook.

He expects expanded competition between the retail market and the food service industry combined with the export market giving the beef industry a three-pronged demand structure that should keep protein prices high.

Click on the LISTEN BAR below to hear more comments from Kevin Good.

The Beef buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for todayís 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 Kevin Good
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Tyler Norvell Explains Changes for The 2022 Cattlemen's Congress  Tue, 11 May 2021 09:16:11 CDT
  • Dr. Frank Mitloehner, UC-Davis, Says Science Tells us With Stable Cow Herds, we Are Not Adding to Climate Warming  Mon, 10 May 2021 07:59:08 CDT
  • OSU's Dr. Derrell Peel Encourages Producers to Make a Drought Plan Now to Get You Through to Next Year  Fri, 07 May 2021 08:25:52 CDT
  • U.S. Beef Exports Set Records in March, Much of it Going to S. Korea and Other Far East Countries  Thu, 06 May 2021 08:15:42 CDT
  • NCBA's Colin Woodall Says They Are Working Hard To Tell The Truth About The Cattle Industry Today  Wed, 05 May 2021 08:26:19 CDT
  • NCBA's Colin Woodall Says Increasing Plant Capacity And Explaining The Benefits of Cattle And The Environment Will Help Increase Beef Prices  Tue, 04 May 2021 08:32:11 CDT
  • Colin Woodall, NCBA, Says Producers Are on The Wrong Side of Market Leverage Right Now  Mon, 03 May 2021 08:00:01 CDT
  • OCA's Michael Kelsey Praises Legislation Establishing Cattle Theft Registry But he Says There Are Still More Legislative Issues to be Resolved  Fri, 30 Apr 2021 08:40:27 CDT
  • Regenerative Ranching Program at Noble Research Institute Focused on Five Research Areas  Thu, 29 Apr 2021 08:22:54 CDT
  • Hugh Aljoe, Noble Research Institute, Explains Why Rengenerative Ranching is Important  Wed, 28 Apr 2021 08:22:11 CDT
  • Drought, High Feed Costs Tempering Optimism For a Better Cattle Market, Says OSU's Derrell Peel  Tue, 27 Apr 2021 07:57:38 CDT
  • Latest Cattle on Feed Report Considered Bullish Says OSU's Dr. Derrell Peel  Mon, 26 Apr 2021 08:10:09 CDT
  • Cargill, Sysco Food Companies Donate $5 Million For Southern Plains Grassland Program  Fri, 23 Apr 2021 08:09:20 CDT
  • New Company Touts Affordable And Efficient Livestock RFID Ear Tagging System  Thu, 22 Apr 2021 08:06:58 CDT
  • New Livestock Electronic Tracking System Simplifies Record Keeping  Wed, 21 Apr 2021 08:24:01 CDT
  • Oklahoma National Stockyards Continues to Play a Significant Role For The Cattle Industry  Tue, 20 Apr 2021 08:12:05 CDT
  • Oklahoma National Stockyards Having a Good Year Says President Kelli Payne  Mon, 19 Apr 2021 08:08:20 CDT
  • Momma Cows Could Still be Showing Effects of February's Brutal Cold Says OSU's Mark Johnson  Fri, 16 Apr 2021 08:03:44 CDT
  • February's Brutal Cold Could Impact Breeding Bulls This Spring Says OSU's Mark Johnson  Thu, 15 Apr 2021 08:06:56 CDT
  • U.S. Meat Export Federation CEO Expects Good Year For Exports  Wed, 14 Apr 2021 08:22:00 CDT
  • U.S. Meat Exports Down in Latest Report But Dan Halstrom, U.S. Meat Export Federation, Says That Was Expected  Tue, 13 Apr 2021 07:43:40 CDT
  • Rancher Lamar Steiger Says Wal Mart Focused on Providing High Quality Fresh Beef  Mon, 12 Apr 2021 08:15:13 CDT
  • Wal Mart Heads The List of Grocery Stores Focusing on Providing Quality Beef For Consumers  Fri, 09 Apr 2021 08:34:04 CDT
  • Arkansas Beef Producer Explains How Wal Mart Improved Its Meat Counter Reputation  Thu, 08 Apr 2021 08:18:03 CDT
  • Producers Should Have a Plan Ready if Drought Becomes Reality This Summer, Says OSU's Derrell Peel  Wed, 07 Apr 2021 08:14:52 CDT
  • Strong Demand Fueling Higher Beef Cattle Prices Says OSU's Derrell Peel  Tue, 06 Apr 2021 08:01:26 CDT
  • Flies Are a Huge Economic Threat For Pasture Cattle Says Mark Upton, Central Life Sciences  Mon, 05 Apr 2021 07:58:15 CDT
  • Beef Cattle Producers to Receive CFAP Funds Soon, Says NCBA's Ethan Lane  Fri, 02 Apr 2021 08:09:12 CDT
  • NCBA's Voluntary Price Discovery Policy Approaches First Milestone Says Ethan Lane in The D.C. Office  Thu, 01 Apr 2021 07:58:15 CDT
  • Senate Legislation Establishing Percentage of Cash Versus Negotiated Cattle Trade Examined by NCBA's Ethan Lane  Wed, 31 Mar 2021 08:20:52 CDT
  • Cloud of Uncertainty Hangs Over Meat Demand Going Into Spring Months  Tue, 30 Mar 2021 10:56:10 CDT
  • KSU's Dr. Glynn Tonsor Develops Tool to Determine Value of Calf Vaccination Programs  Mon, 29 Mar 2021 07:50:16 CDT
  • KSU's Dr. Glynn Tonsor Uses Meat Demand Index to Measure Improving Economy  Fri, 26 Mar 2021 08:03:06 CDT
  • Cattle Producers to Finally Receive Payments From First Round of CFAP  Thu, 25 Mar 2021 08:04:47 CDT
  • Research Shows Grazing Cattle Provide Many Benefits For Both Humans And The Environment  Wed, 24 Mar 2021 08:22:03 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   2018  |   2019  |   2020  |   Jan 21  |   Feb 21  |   Mar 21  |   Apr 21  |   May 21  |   Jun 21  |   Jul 21  |   Aug 21  |   Sep 21  |   Oct 21  |   Nov 21  |   Dec 21
        

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.