Oklahoma's Latest Farm
And Ranch News

Your Update from Ron Hays of RON
Tuesday, November 23, 2021
November Cattle Market Update with OSU's Derrell Peel
Weekly, Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel offers his expertise in the cattle industry. This is a part of the weekly series known as the "Cow-Calf Corner" published electronically by Paul Beck. Today, Peel talks about November cattle markets.

The November USDA-NASS Cattle on Feed report was well anticipated and should not cause big surprises in the market. Feedlot placements in October were 2.245 million head, 102.4% of last year. Marketings in October were 1.788 million head, 95.5% of one year ago. There was one less business day in October 2021 compared to last year, so average daily marketings were equal to last year. The Nov. 1 on-feed total was 11.948 million head, 99.8% of last year. Though the Nov. feedlot inventory was only fractionally lower than last year, it does make the fifth consecutive month of year over year declines in feedlot totals.

In general, cattle prices are higher now compared to last year and are expected to continue improving in 2022. Live and Feeder futures have priced in considerable optimism for 2022. However, plenty of challenges remain for cattle producers with continued drought, higher input prices, supply chain disruptions and considerable short-term macroeconomic uncertainty. It will still be a bumpy ride, but producers can focus more on managing costs with cattle prices generally moving higher.

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KC Sheperd talks with Jed Green, the founder of the group ORCA- Oklahomans for Responsible Cannabis Action. They discuss the problems that have developed in rural Oklahoma because of the explosive growth of medical marijuana production in the state- and of the need for better regulation of the industry- as well as recognition of the economic benefits Green believes are a part of the arrival of this industry- especially in areas where legal operations are being established.

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Reach Out To Us:
Tim West
President/General Manager
Radio Oklahoma Ag Network

2401 Exchange Avenue,
Suite F
Oklahoma City, OK 73108

405.317.6361
Ron Hays
Director of Farm Programming
Radio Oklahoma Ag Network

405.473.6144