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Beef Buzz News


Drought, High Feed Costs Tempering Optimism For a Better Cattle Market, Says OSU's Derrell Peel

Tue, 27 Apr 2021 07:57:34 CDT

Drought, High Feed Costs Tempering Optimism For a Better Cattle Market, Says OSU's Derrell Peel Optimism of a strong cattle market in 2021 is being tempered somewhat by drought and higher feed costs said Dr. Derrell Peel, OSU Extension livestock market economist.

I havenít given up on it, but you look at the feed market and it has been stronger than anybody expected, Peel said.

I am still cautiously optimistic, especially for the calf market towards the end of the year, he said.

The OSU economist is closely watching the draught.

Weíve got huge drought issues out west and this is a critical time, he said.

There are some parts of the country that arenít going to grow any forage unless moisture arrives in the next 3 to 6 weeks, Peel said.

When you look at the drought expansion in North Dakota and Texas where there are lots of cattle, we could see some broader market impacts if there is more liquidation there, he said.

Itís been dry for many months in the southwest but there is just not a high density of cattle in Arizona and New Mexico, he added.

For Oklahoma things are in better shape and there is hope to grow some forage this year but Peel said.

If we do see it getting drier into the summer, start your plan for getting through the summer and into next spring, Peel said.

There could be some broader market implications seen for folks not directly affected by the drought, Peel said.

The demand side looks good so that is where some of the optimism longer term is coming from, we just need to get the demand and supply side to balance out, Peel said.

Click on the LISTEN BAR below to hear more of Ronís 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 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 Dr. Derrell Peel
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Beef News

  • Derrell Peel Discusses the Significance and Importance of the Latest USDA Cattle On Feed Report  Tue, 27 Jul 2021 10:26:47 CDT
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  • Serious Cow Herd Liquidation Happening in North Dakota Where Drought Blankets the State  Tue, 20 Jul 2021 08:49:51 CDT
  • NCBA President Jerry Bohn Reports Improvement in Negotiated Trade Volume in the Second Quarter of Finished Cattle Sales  Mon, 19 Jul 2021 14:43:00 CDT
  • NBCAís Mary-Thomas Hart Breaks Down Alphabet Regulations For Cattle Industry to Watch  Fri, 16 Jul 2021 13:36:48 CDT
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  • NCBAís Ethan Lane On "The Big Issue" of Supply Chain Concerns  Tue, 13 Jul 2021 10:02:21 CDT
  • USMEF Dan Halstrom On The Record-Breaking Month of May for U.S. Beef  Mon, 12 Jul 2021 09:57:56 CDT
  • OSUís Dr. Amy Hagerman Sees Benefits in the CRP Grasslands Program  Fri, 09 Jul 2021 09:38:24 CDT
  • KSUíS Glynn Tonsor Explains Importance Of Consumers Across the Beef Industry In Senate Agriculture Committee Hearing  Thu, 08 Jul 2021 09:25:14 CDT
  • Dr. Glenn Tonsor Expects Fewer Cattle Being Slaughtered And More Leverage For Feedlots Going Into The Third Quarter  Wed, 07 Jul 2021 09:51:46 CDT
  • NCBAís Kent Bacus Discusses Product of the USA Label for Beef  Tue, 06 Jul 2021 12:32:16 CDT
  • Strong U.S. Ag Trade Ambassador Important as Global Demand For U.S. Beef Grows, Says NCBA's Kent Bacus   Fri, 02 Jul 2021 07:57:44 CDT
  • Kent Bacus, NCBA, Says Biden Trade Policies Different Than Under Trump Administration  Thu, 01 Jul 2021 07:38:21 CDT
  • NCBA's Danielle Beck Says Eliminating Stepped Up Basis Would Severely Hurt Family Farms  Wed, 30 Jun 2021 08:08:59 CDT
  • OSU's Derrell Peel Expects Better Cattle Market in Second Half of 2021  Tue, 29 Jun 2021 08:15:13 CDT
  • Latest Cattle On Feed Report Confirms Feedlots are Doing a Good Job of Moving Cattle Through the System   Mon, 28 Jun 2021 09:22:21 CDT
  • During Testimony to Senate Ag Committee, Dr. Glynn Tonsor Encouraged Lawmakers Not to Take Action That Could Harm Quality of Cattle Market  Fri, 25 Jun 2021 08:11:41 CDT
  • Two Producers, Two Points Of View At The Senate Agriculture Committee Hearing On Cattle Prices  Thu, 24 Jun 2021 10:38:52 CDT
  • NCBA's Tanner Beymer Expects Today's Senate Ag Committee Hearing on Cattle Market Transparency to be a Continuation of Ideas From a Recent Meeting in Kansas City  Wed, 23 Jun 2021 08:13:05 CDT
  • Livestock Economist Katelyn McCullock Expects Stronger Feeder Cattle Market  Tue, 22 Jun 2021 08:30:32 CDT
  • OSU's Derrell Peel Believes Feedlots Are Only a Few Weeks Away From Being Current on Fed Cattle Supplies  Mon, 21 Jun 2021 07:27:25 CDT
  • OSU's Dr. Derrell Peel Says Drop in Boxed Beef Prices Not Unexpected Even as Feedlots Get Closer to Being Current   Fri, 18 Jun 2021 09:53:49 CDT
  • Virtual Conference to Focus on Beef Sustainability, June 22-24  Thu, 17 Jun 2021 07:54:53 CDT
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  • NCBA's Ethan Lane Says 75 Percent Plan is Working But Much More Work Remains to Get Robust Price Discovery  Tue, 15 Jun 2021 07:30:19 CDT
  • USDA Sec. Vilsack Explains $4 Billion Plan to Strengthen Critical Food Supply Chians  Mon, 14 Jun 2021 07:59:18 CDT
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  • NCBA's Ethan Lane Said Cattlemen Are Concerned About DOJ Investigation And Re-Listing of Prairie Chicken  Thu, 10 Jun 2021 08:25:34 CDT
  • Cattlemen And Congress Growing Impatient With USDA and DOJ Cattle Market Investigations  Wed, 09 Jun 2021 10:05:22 CDT
  • Dan Halstrom, CEO of U.S. Meat Export Federation, Optimistic About Continued Strong Demand For U.S. Meat  Tue, 08 Jun 2021 08:07:07 CDT

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