From staff reports OKLAHOMA CITY – Bob Rodenberger, a partner with Stockman Oklahoma Livestock Marketing, said last week’s cattle runs were larger than the week prior, but prices were lower.
“It is the time of year where seasonally we are starting to get cheaper,” Rodenberger said. “It doesn’t matter how many cattle are out there. They are all going to come basically at the same time because wheat runs out in Oklahoma at the same time. It starts a week earlier to two weeks earlier in the south. As it works north, all of the wheat is getting ready, and all of those cattle have got to move.”
Alongside cheaper grain, Rodenberger said producers are holding onto their cattle longer.
“You throw all of that together, and you have cattle not moving out of the yard as quickly as they should be, and you have all the cattle coming available moving as they should be, and they meet, and we are in a box here for a minute,” he said, adding that the markets have been steady at best, and he does not expect them to improve.
“It is that time of year,” he said. “But that is the ebb and flow of the market.”