Derrell S. Peel

2 months ago | farmprogress.com | David Anderson |Derrell S. Peel

*This is the tenth article in our 2025 Southwest Economic Outlook series. Oklahoma State University and OSU Extension Service, and Texas A&M University and TAMU AgriLife Extension Service economists weigh in on the 2025 outlook. A digital copy of the Economic Outlook Issue is also available online. The past year began with low prices, continuing the financial problems for dairy farmers from 2023. But price recovery by mid-year spurred profits and milking herd growth.

Jan 23, 2025 | farmprogress.com | Derrell S. Peel |David Anderson

*This is the sixth article in our 2025 Southwest Economic Outlook series. Oklahoma State University and OSU Extension Service, and Texas A&M University and TAMU AgriLife Extension Service economists weigh in on the 2025 outlook. A digital copy of the Economic Outlook Issue is also available online. Cattle prices continued to advance in 2024, with feeder and fed cattle prices strengthening in the year's final weeks. On Jan. 1, 2024, the U.S. had the smallest cattle industry in decades.

Jan 14, 2025 | feedlotmagazine.com | Derrell S. Peel

Tatyana Bondar Larger May 1 stocks and increased year over year hay production led to larger hay supplies in 2024 (Figure 1). Total hay production in 2024 was up 3.3 percent year over year and combined with May 1 hay stocks up 46.6 percent over 2023 levels to increase the total hay supply by 7.9 percent compared to year earlier levels. The total hay supply was 1.7 percent below the ten-year average supply from 2014-2023.

Jan 10, 2025 | wlj.net | Derrell S. Peel

Average Oklahoma steer calf prices increased over 61% from 2022 to 2024, leading to a sharp increase in average cow-calf returns (Figure 1). Cow-calf returns vary significantly across producers due to widely variable costs of production, but the message is clear—there are increasingly strong market signals for cow-calf producers to expand the beef cow herd. Positive cow-calf returns typically result, with a delay, in herd expansion.

Jan 7, 2025 | tsln.com | Derrell S. Peel

2024 So Far Cattle Inventories On January 1, 2024, the U.S. had the smallest cattle industry in decades as indicated by numerous measures: Head All Cattle and Calves 87.16 million Smallest since 1951 Beef Cow Inventory 28.22 million Smallest since 1961 Beef Replacement Heifers   4.86 million Smallest since 1950 Estimated 2024 Calf Crop 33.1 million Smallest since 1941 Feedlot inventories peaked in 2022 but have declined relatively slowly since.