Drought, COVID and the cattle cycle

We’re on the tail end of the cattle cycle, according to Oklahoma State University agricultural economist Derrell Peel, and a combination of COVID-19’s supply chain disruptions and drought across large swaths of cattle country have fueled a very interesting run in the cattle markets. How have those factors altered the outlook for cattle producer profitability over the next 12 months?In this episode we talk with Dr. Peel, a highly-respected expert in cattle marketing, about what’s happening as the industry works through a backlog of cattle caused by last year’s COVID-forced shutdowns. Peel discusses the cattle cycle in general, where we are at the moment, and which segments of the industry are making money and the ongoing concern about drought.This podcast is sponsored by Arm & Hammer Animal and Food Production and their #ScienceHearted podcast, “Food Chain Chats.” In a new episode, listen to Elliot Block, Research Fellow and Director of Technology at Arm & Hammer Animal and Food Production, talk about the role diet can play in helping beef cattle when they need it most – and why it matters to your herd. CLICK HERE to listen to “Food Chain Chats,” or subscribe wherever you satisfy your podcast cravings.