Darrell Peel

Cattle On Feed Number Show Few Surprises
Cattle On Feed Number Show Few Surprises
The final Cattle on Feed Report of 2022 was generally in line with pre-report estimates.  The report indicated placements in the month of November at 98% of 2021’s numbers, while marketing numbers were at 101% year-over-year.  That means as...
What Does High Cattle On Feed Numbers Mean For The Industry?
What Does High Cattle On Feed Numbers Mean For The Industry?
Placements were the story of USDA’s most recent Cattle on Feed Report. Placements were up 9% year-over-year, driven primarily by the poor pasture conditions in the Plains region. Derrell Peel, livestock economist, says cattle and calves on feed for the slaughter market in the U.S. fo ...
Higher Corn Prices Could Impact The Feeder Cattle Market
Higher Corn Prices Could Impact The Feeder Cattle Market
With the latest grain stocks report showing 50 million fewer bushels of corn in the bin, this could have an impact of the cost of feeding cattle. Livestock market economist Dr. Darrell Peel says tighter corn supplies are pushing corn prices over $5 per bushel, heading towards $6, and the cost of gain for feedlot cattle is on the rise ...