Feeder cattle auctions in Oklahoma are winding down for 2022, with many auctions closed for the rest of December. USDA-AMS issued the ultimate Oklahoma weekly public sale abstract for the 12 months this previous week.
Determine 1 exhibits the 2022 common costs for M/L, No. 1 steers, together with the weekly most and the ultimate costs for mid-December. Feeder costs on the finish of the 12 months (inexperienced line) are on the annual most in December for steers beneath 550 kilos and above 850 kilos.
Costs for steers from 550-850 kilos had been on the most in August/September however are above the annual common on the finish of the 12 months. Normally, feeder cattle markets are ending 2022 robust with momentum going into the brand new 12 months.
Oklahoma stays in important drought with the newest Drought Monitor displaying that over 98 % of the state is abnormally dry (D0) or in some stage of drought (D1-D4). The drought prompted important modifications within the timing of feeder cattle marketings in Oklahoma within the second half of the 12 months.
Determine 2 exhibits the modifications in weekly feeder cattle quantity from mid-July by means of mid-December. Weekly volumes had been bigger 12 months over 12 months from July by means of mid-October and have been principally smaller since. From July to mid-October, the cumulative extra weekly feeder quantity was up a mean of 18 %, totaling over 71,000 extra head of feeder cattle marketed in auctions throughout this era.
The 12 months over 12 months decreases since mid-October have decreased the cumulative complete by about half, which means that the entire feeder cattle public sale quantity within the second half of 2022 is up over 35,000 head on the finish of the 12 months, with all of that enhance occurring previous to mid-October.Smaller public sale volumes since mid-October are little question contributing to the robust feeder costs on the finish of the 12 months.
Feeder numbers are anticipated to stay low going into 2023. Stocker numbers on wheat pasture are nicely beneath regular suggesting that there won’t be a big “wheat pasture” run of feeders into March or for graze-out into Could. On Jan.31, 2023, USDA-NASS will launch the annual Cattle report, which is able to present cattle stock numbers and make sure the standing of state and nationwide cattle numbers. The report is anticipated to substantiate that important drought liquidation occurred in 2022 resulting in sharply tighter cattle provides in 2023.
Supply: Oklahoma State College
