Sunday Sep 22, 2024
Should We Sell Heifers Or Should We Keep Heifers, Beef Imports Updates & MCOOL
We find out whether to sell those heifer calves or keep them. Plus updates on beef imports, mandatory country of origin labeling, markets, sales and so much more on this all new episode of the Ranch It Up Radio Show. Be sure to subscribe on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel.
EPISODE 203 DETAILS
Keep or Sell Heifer Calves, Beef Imports & MCOOL
Feeder Heifers: Sell Now or Hold
Sell or Background Heifer Calves, The Pros & Cons
Feeder cattle prices have been outstanding all summer long. And many producers are faced with the dilemma of selling heifers and turning the cash or keeping heifers to go back into the cow herd. Mike Bolinger with Superior Livestock joins us discussing the pros and cons of both options, where we are at in the cowherd inventory and how beef imports could affect prices of beef.
Latest Beef Checkoff & Industry News
Beef Producers Ask For Fed Support Of MCOOL
According to MeatingPlace.com, nearly three dozen groups associated with beef production, ranching and the environment signed on to a letter sent to the U.S. Trade Representative Katherine Tai, asking for her support to restore mandatory country of origin labeling (MCOOL) for beef.
Producer organizations, including Ranchers-Cattlemen Action Legal Fund United Stockgrowers of America (R-CALF USA) regularly endeavor to keep MCOOL issues part of the national legislative conversation. This, although the World Trade Organization ruled in 2014 that such meat labeling law violates U.S. international trade obligations by discriminating against Canadian cattle and pigs and Mexican cattle.
Referencing a letter that Tai had published in the British newspaper Financial Times, in which she said she was committed to “meet working people where they are, redesigning the incentive structure so that communities are not pitted against each other,” the letter said, “This is precisely the help that ranchers and consumers need and consistent with your comments. We respectfully request that you issue a statement to lawmakers regarding your office’s position as to whether the United States has the authority to reinstate mandatory country of origin labeling for beef in the face of the substantive trade reforms you are seeking, including at the World Trade Organization.”
The letter and a list of the signing organizations are available HERE.
Drought Continues for Oklahoma
Drought conditions have increased rapidly in Oklahoma in recent weeks. The latest Drought Monitor shows that 78.58 percent of Oklahoma is abnormally dry or in some stage of drought.
Because of the dry conditions, very little wheat has been planted at this time or it has been “dusted in” to await hoped-for rain. Prospects for winter wheat grazing are decreasing with each passing week. Wheat planted after mid-September will have less time to grow sufficient forage for winter grazing — assuming moisture is forthcoming. The start of winter grazing will be pushed back, and stocking rates will likely be reduced due to less available forage through the winter.
Oklahoma range and pasture conditions have deteriorated rapidly in the last month, with the percentage of pastures rated poor to very poor increasing from 19% to 34% in the last four weeks. Going into the winter in drought is ominous and raises concerns about 2025 forage prospects. Fortunately, hay supplies are much improved this year, which will help with winter feed needs. The combination of this year’s hay production and very large carryover stocks (May 1) from last year, leaves Oklahoma with record large total hay supplies this year — over 20% larger than the 10-year average.
The lack of wheat stocker demand and the beginning of the fall run of calves is putting pressure on cattle auction prices. Many unweaned calves are beginning to show up at auctions. Unweaned calves take a bigger discount, especially in the fall as variable weather increases animal health challenges and risks. There is time to add value to calves to be marketed this fall. Weaning (minimum 45 days), vaccinations, castration and dehorning will add value to calves marketed 45-90 days from now. Even better is documenting these practices in a certified preconditioning program that provides additional assurance to buyers. Many years of data confirms that preconditioned calves will bring premiums over unweaned calves. The 45-day cut-off for most fall Oklahoma Quality Beef Network (OQBN) sales is rapidly approaching in late September. Producers can find the sale schedule, program and sign-up information at Oklahoma Quality Beef Network, Oklahoma State University.
RanchChannel.Com Now Has The Futures Markets
Futures Markets
RanchChannel.com now has futures markets at your fingertips! Feeder Cattle, Live Cattle, Corn, Wheat, Soybeans, Soybean Oil, Milk Class IV, and Ethanol. Information is provided by DTN and market information may be delayed by as much as 10 minutes. Click Here for more information!
UPCOMING SALES & EVENTS
Jorgensen Land & Cattle Motherlode Sale: September 21, 2024, Ideal, South Dakota
ISA Beefmasters: October 5, 2024, San Angelo, Texas
JYJ Red Angus: November 9, 2024, Columbia, Alabama
Clear Springs Cattle Company: November, 20, 2024, Starbuck, MN
World Famous Miles City Bucking Horse Sale: May 15 - 18, 2025
BULL SALE REPORT & RESULTS
Eichacker Simmentals & JK Angus
Leland Red Angus & Koester Red Angus
U2 Ranch
Four Hill Farm North Country Angus Alliance
FEATURING
Mike Bolinger
Superior Livestock
https://superiorlivestock.com/
Kirk Donsbach: Stone X Financial
Mark Vanzee
Livestock Market, Equine Market, Auction Time
https://www.livestockmarket.com/
Shaye Koester
Casual Cattle Conversation
https://www.casualcattleconversations.com/
Questions & Concerns From The Field?
Call or Text your questions, or comments to 707-RANCH20 or 707-726-2420
Or email RanchItUpShow@gmail.com
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SUBSCRIBE to the Ranch It Up YouTube Channel: @ranchitup
Website: RanchItUpShow.com
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Rural America is center-stage on this outfit.
AND how is that? Tigger & BEC Live This Western American Lifestyle.
Tigger & BEC represent the Working Ranch world and cattle industry by providing the cowboys, cowgirls, beef cattle producers & successful farmers the knowledge and education needed to bring high-quality beef & meat to your table for dinner.
Learn more about Jeff 'Tigger' Erhardt & Rebecca Wanner aka BEC here: TiggerandBEC.com
#RanchItUp #StayRanchy #TiggerApproved #tiggerandbec #rodeo #ranching #farming
References
https://www.livestockmarket.com/
https://www.imogeneingredients.com/
https://alliedgeneticresources.com/
https://www.imiglobal.com/beef
https://axiota.com/multimin-90-product-label/
https://www.ruralradio147.com/
https://www.meatingplace.com/Industry/News/Details/116024
https://www.meatingplace.com/Industry/News/Details/116075
https://extension.okstate.edu/programs/oklahoma-quality-beef-network/
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