Beef Buzz News
OSU's Derrell Peel Expects Higher Feed Costs to Impact How Feedlots Buy Feeder Cattle
Tue, 09 Mar 2021 08:03:30 CST
Rising feed prices will impact how feedlots respond to the feeder cattle market this spring, said Dr. Derrell Peel, OSU Extension livestock market economist.
Ron Hays Beef Buzzes With Dr. Derrell Peel
There’s been a lot of talk about the high feed prices and how it will impact protein production, Peel said.
I remind folks that we’re going to continue to feed cattle, but the feedlots could be interested in buying more pounds on the front end, buying them a little heavier and reducing that total feed bill, Peel said.
As we go through the next four months, I think we will see more of that dynamic play out, Peel said.
The OSU economist said the drought map is a little bit concerning especially in the western part of the country, as we move into the spring grazing season, which could also impact feed costs.
There will be more impact in April and May out west, Peel said, and that will impact the stocker industry.
The prospects for Osage Country and Flint Hills grazing look decent, he added.
As producers prepare for the spring grazing season, they are still adding up the losses from the February brutal cold.
Most losses are going to be reflected by the higher costs to the producers just dealing with event, he said.
The losses of actual cattle are significant for individual producers but overall, not that big, Peel said.
We’ve had mature animals falling through the ice and we lost some newborn calves, Peel said, and that is a significant cost to those producers.
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