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Effects of Winter Storms Take Time to Work Through Cattle Markets
USAgNet - 02/22/2011

Virtually all sectors of cattle and beef markets have been affected by two major winter storms that hit a week apart in February, leading producers to scramble to care for animals and maintain production.

"Significant snowfall and record low temperatures, especially with the wind chills, have disrupted markets and pushed both cattle and cattle managers well out of their normal operating ranges," said Derrell Peel, Oklahoma State University Cooperative Extension livestock marketing specialist.

Worse, analysts expect it will take some time for ripple effects of the storms to work their way out of the system.

Spring calving is well under way. These cows are vulnerable, particularly from a nutritional standpoint. Nutritional stress could cause weak calves and more death loss this spring, and possibly poor rebreeding rates as well, that could affect the 2012 calf crop.

"Itís important to provide adequate quantity and quality of feed for cows in order to avoid loss of condition that may not be apparent until after they calve and begin lactating," said Leland McDaniel, Carter County Extension director and agricultural educator.

Word-of-mouth reports indicated a number of stocker cattle have experienced poor performance and perhaps some weight loss for several days. The storms even caused some death loss, though it does not appear to have been widespread across Oklahoma.

Likewise, it does not appear that the winter storms caused feedlots to experience major cattle losses, at least those in the southern Great Plains states.

Boxed beef prices dropped this past week and may be an indication of demand resistance to higher prices. However, analysts caution that the storms disrupted both consumption and beef shipments so the true state of beef demand is not clear at this time.

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