Oklahoma State Economist: Strong Demand Fueling Higher Cattle Prices

Strong demand is fueling higher beef cattle prices as we start to experience spring conditions. That’s according to Dr. Derrell Peel, Oklahoma State University Extension livestock market economist. Peel says demand for all the meats is strong right now, especially for beef.

Peel notes that with April marking the start of grilling season, retail grocery demand is expected to increase.

However, high feed costs continue to cast a cloud over the cattle market. Peel adds there is a race between higher feed costs and better beef demand. The other thing is, with corn prices advancing fast, and with wheat harvest coming on we may see feedlots switching to feeding more wheat.