The Oklahoma National Stockyards, one of the world's largest cattle stockyards and the last big-city stockyard in the U.S., is on the market for $27 million. The sale reflects the struggles of the cattle industry, facing challenges like drought, high production costs, and a decline in cattle numbers.
On the edge of a thriving downtown dotted with luxury hotels and trendy restaurants is a more than 100-year-old relic of Oklahoma City 's western heritage: One of the world's largest cattle stockyards. The Oklahoma National Stockyards — the last big-city stockyard in the U.S. — is for sale.
The $27 million price tag includes 100 acres (40 hectares) of prime property along the Oklahoma River in a growing city of roughly 700,000 residents, where a Although the stockyard's owners are hopeful a buyer will keep the cattle coming, they acknowledge the land is attractive for redevelopment. The sale is a sign of the times for livestock auctions and America's cattle market, a volatile industry squeezed in recent years by drought, higher production costs and the lowest number of cattle in the U.S. since the 1950s. The number of cattle moving through the maze of wooden pens in Oklahoma City is down roughly 20% over the past two years, said Jerry Reynolds, the stockyard's president.The stockyards, dating back to the late 1800s, were once a bustling hub of trade and transport, with hundreds of thousands of cattle passing through each year. They played a vital role in the development of Oklahoma City and the region's economy. Today, the stockyards remain a landmark, but their days of peak activity seem to be behind them. The sale of the Oklahoma National Stockyards is a reflection of the broader challenges facing the cattle industry. The industry has been grappling with a number of factors, including drought, which has led to higher feed costs, and disease outbreaks. Additionally, the global demand for beef has been impacted by rising trade tensions and tariffs, which have led to uncertainty in the market. There are concerns that the sale of the stockyards could further disrupt the already struggling industry. However, the stockyards' owners are hopeful that a buyer will be found who will preserve the historical landmark and continue its role in the cattle market
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