Home 5 Ag Stories Placements Way Up in Monthly COF Report

Placements Way Up in Monthly COF Report

Friday’s cattle on Feed report had a surprise in it.

The placements number was 18% above a year ago. The trade was looking for 9%. Extrapolate that forward…and it looks bearish on the price of fed cattle later this year.

For consumers who cut their consumption of beef because of high prices, this could be a demand rebuilding opportunity.

Who doesn’t like beef? OK, I know a few of them too but among meat eating consumers, moderately priced beef is still king.

Does that mean a larger supply at somewhat lower prices will generate more demand so cattle producers can expand the herd in 2017 without seeing too much of a drop in price?

Dr. Darrell Peel, Extension Livestock Economist with Oklahoma State University, spoke with Ron Hays of the Radio Oklahoma Network. Dr. Darrell Peel Full Interview

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