Dan’s Cow-Calf Corner Beef Demand and Macroeconomics

Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist — The U.S. economy was wracked like never before in the first half of the year. The Bureau of Economic Analysis (BEA) released preliminary estimates showing that U.S. Gross Domestic Product (GDP) declined by an unprecedented 32.9 percent year over year in the second quarter of 2020. This follows a five percent first quarter decrease compared to last year. This highlights questions about the impact of the pandemic on beef demand in the first half of the year and, more importantly, beef demand for the remainder of the year.

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Cheyenne 50 Years Ago

Plans have been made for a large trailer court in Cheyenne. This will be the most modern trailer court in western Oklahoma. The trailer court will be located in Highland Heights upon lots heretofore undeveloped.

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How Can You Help Lower Your Longevity Risk?

The investment world contains different types of risk. Your stocks or stock-based mutual funds could lose value during periods of market volatility. The price of your bonds or bond funds…

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Dan’s Cow-Calf Corner Industry Snapshot: USDA Cattle Inventory and Cattle on Feed Reports

Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist — Last Friday USDA released the July Cattle on Feed report. Feedlot placements in June were 1.8 million head, 102.1 percent of last year. June marketings were 1.97 million head, up 1.3 percent year over year. Both placements and marketings were close to pre-report expectations and no major market reaction is expected.

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Dan’s Cow-Calf Corner Boxed Beef Prices Sag Under Growing Supply and Summer Doldrums

Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist — The Choice boxed beef price dropped to $200.47/cwt. last Friday, July 17, 2020; the lowest Choice boxed beef price since December 2017. Both supply and demand factors are at work pushing wholesale beef prices lower.

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Create Strategies to Help Achieve Your Financial Goals

Like most people, you probably have many financial goals: a comfortable retirement, long vacations, college for your children or grandchildren, the ability to leave something behind for the next generation, and so on. To achieve these various goals, you may have to follow different investment strategies – and you might have to make some tradeoffs along the way.

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Cheyenne 50 Years Ago

Three 4-H Club youth of Roger Mills County attended Cotton Camp at Quartz Mountain Park last week. They were Bobbie Hooper, Roy LeGrand and Mickie Smith, all of Reydon. They were accompanied by Herman Seymour, County Extension Agent.

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Cheyenne 50 Years Ago

Large crane, trucks with winches, all types of engines and equipment of all sorts are scattered over a large area that is attracting a lot of interest. This is probably the start of tremendous oil drilling in Roger Mills County.

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What Should You Do With an Inheritance?

If you were to inherit a large sum of money, what would you do with it?

The question may not be hypothetical, especially if you are in the millennial, Gen X or Gen Z demographic groups. That’s because the baby boomers – often referred to as the richest generation in history – are poised to transfer some $30 trillion in assets over the next few decades, according to the consulting firm Accenture.

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Dan’s Cow-Calf Corner Correcting Two Myths about Nitrates in Forages

Glenn Selk, Oklahoma State University Emeritus Extension Animal Scientist — Oklahoma summers often bring “high pressure domes” that cause 100 degree days and no rain. The resulting heat stress can cause nitrate accumulation in summer annual forage crops. Producers are very cautious about cutting or grazing the droughtstressed forages and for good reason. However, when the first drought-easing thunderstorm comes along, cattlemen are anxious to cut the forage or turn in the cattle on the field that has just received rain. (Myth number 1).

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