Severe weather inevitably means management challenges and higher costs for producers but may also have market impacts if poor conditions are widespread enough.
USDA's cattle on feed report counted 11.83 million head on feed, which is 101.2% of last year and up 4.8% from October as feedlot inventories increase to a seasonal peak.
Preconditioning programs add value to cattle and the value is consistently reflected in premiums for certified preconditioned calves sold under specific programs.
USDA-AMS reports that combined volumes for seven Oklahoma auctions are up 7.0 percent year over year over the past six weeks.
Boxed beef prices increased about ten percent over the month of October into early November, a significantly higher increase than the normal seasonal bump.
Friday's USDA cattle on feed report pegged heifer numbers at 39.1 of feedlot inventories, the highest percentage in more than 18 years, and year-to-date heifer slaughter is up more than 7%.
Agricultural markets will be impacted by world population growth, economic growth and the expanding middle class, African Swine Fever and the development of alternative proteins.
While many cattlemen were surprised and frustrated with market reactions after the fire, Derrell Peel says the type and duration of price behavior are exactly what is predicted by market economics.