Beef Buzz News
Next Six Weeks Critical For Cattle Market Says OSU's Dr. Peel
Tue, 23 Mar 2021 07:58:41 CDT
Cattle producers can look forward to good profit margins in the latter half of his year, especially if Mother Nature cooperates said Dr. Derrell Peel, OSU Extension livestock market economist.
Ron Hays Beef Buzzes With Dr. Derrell Peel
What’s developing here is a tale of two halves of the year, Peel said.
We’re struggling in the first part of the year, particularly in the fed cattle market, he said.
We do have strong demand for grass cattle right now, he said.
There is a lot of optimism built into the deferred live cattle and the feeder cattle futures market looks good, he said.
I have run some generalized budgets for summer grazing, and they look like there is potential for decent profit margins there, he said.
We’ve got our hopes pinned on the second half of the year, Peel said.
The demand for lighter weight calves is traditionally called green grass fever as producers look for cattle to turn out on grass pastures.
Feed costs are higher and that weighs on the feeder cattle market but encourages the feeder cattle market to put more weight on them out in the country, he said.
By the time we get into the fall there will be some attractive margins and we may take these cattle to a little bigger weight, Peel said.
If the on-going drought out west expands, Peel said that could be a factor as we move into the summer months.
The next six weeks or so are critical as hay supplies are now growing short and we need to grow some new grass this spring and summer, Peel added.
Click on the LISTEN BAR below to hear more of Ron’s interview with Dr. Peel.
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 today’s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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