Latest News From Derrell Peel - Oklahoma State University

Herd Liquidation May Be Slowing Down

It seems likely that many producers have adjusted herd inventories, given hay and feed supplies, to be able get through the winter.

Peel: Oklahoma Fall Forage Situation

Given the limited hay supply, proportionally more wheat pasture is likely to be used for cow herds than for stockers.  Even if there is wheat pasture, stocker demand may be somewhat lighter than usual this year.

Peel: Drought Impacts Advancing Rapidly

Drought impacts have accelerated sharply in the southern plains in July, with the volume of feeder cattle in Oklahoma auctions up 24% the last two weeks and the volume of cows and bulls up nearly 124%.

Drought Threat Expanding

Drought is expanding in the country. There is plenty of time to avoid widespread drought impacts but without significant moisture in the next 2-3 months, the cattle industry could see major impacts.

Peel: A First Look at Fall/Winter Stocker Grazing

Most components of fall and winter stocker budgets are uncertain at this point but it’s not too early to begin to pencil out possibilities, evaluating risk and perhaps taking actions to lock in some budget components.

Wheat pasture
Derrell Peel: Lack of Moisture Threatens Winter Grazing

Wheat pasture development and growth is likely to slow or even reverse if forecast weather conditions are realized.  This, in turn, may reduce stocker cattle demand in the coming weeks.

Derrell Peel: Meat Production Threatened With Disruption

The U.S. meat industry faces unprecedented threats as COVID-19 sweeps through labor forces nationwide.  Production of beef, pork and poultry are simultaneously threatened by labor availability and processing capacity.