Marketing Cows for Profit. Represent 15-20% of Cow-calf income

Slides:



Advertisements
Similar presentations
Livestock Management and Marketing Considerations in Dealing With Drought Dr. Curt Lacy and Dr. John McKissick Extension Economists-Livestock University.
Advertisements

Controlled Breeding Chandler Akins GJCA Officer Convention Coordinator.
When to Market Cows and Bulls Represent 15-20% of Cow-calf income Prices are seasonal Body condition affects price Markets are cyclical Opportunities exist.
R. Curt Lacy, Ph.D Agricultural & Applied Economics UGA-Tifton ECONOMIC EVALUATION OF COW CULLING VS. REPLACEMENT HEIFERS.
COST OF DEVELOPING BRED HEIFERS DR. CURT LACY EXTENSION ECONOMIST-LIVESTOCK.
Introduction to the Beef Industry. What is the importance of the beef industry? Missouri ranks 2 nd nationally in number of beef cattle – Texas 1 st (larger.
Shane Ruff Graduate Student Department of Agricultural and Applied Economics University of Wyoming.
* Strategically Feeding Protein and Energy During Winter and Managing Cow Condition Don C. Adams
Ron Plain D. Howard Doane Professor University of Missouri-Columbia Chicken & Competing Meats.
HOW IRRATIONAL IS $2,000? Scott Clawson NE Area Ag Econ Specialist $2,500? $3,000? $3,500?
Backgrounding Cattle Larry C. Hollis, D.V.M., M.Ag.
Fall Feeder Cattle Marketing Options ANR Update October 10, 2013 Kevin Laurent UK Animal Sciences.
APEC 5010 Firm Marketing and Price Analysis Dillon M. Feuz Utah State University.
How to calculate seasonal index Pick time period (number of years) Pick season period (month, quarter) Calculate average price for season Calculate average.
How Markets Work Supply. If firm supplies a good or a service, the firm: 1.Has the resources and technology to produce it, 2.Can make profit from producing.
Ron Plain Extension Economist University of Missouri-Columbia Stocker Cattle Outlook February 2009.
What is the value of TGM to the consultant and a producer?
Economics of beef production systems Integrated suckler calf to beef production systems.
Value Difference of Feeder Cattle
Livestock Management and Marketing Considerations in Dealing With Drought Dr. Curt Lacy Extension Economist-Livestock University of Georgia
Economic Tools to Evaluate Culling Decisions for Breeding Cattle and Replacements.
K-State Research & Extension U.S. Cattle Sector James Mintert, Ph.D. Professor Dept. of Agricultural Economics Kansas State University.
Marketing Cull Cows. Cattle Cycle & Cull Cows Cattle Cycle –Long as 15 years ~ short as 7 –8-10 years of profitability Counter – Cyclically 1)Cost of.
Current Situation “If you owe the bank $1,00 dollars, that’s your problem. If you owe the bank $1 million that’s the banks problem”
Livestock Markets 2003 BillionPer CapPriceExport lbslbs$/cwt% Beef Pork Broilers Turkeys
Agricultural Economics Beef, Dairy, and Equine Kenny Burdine UK Ag Economics.
The Oklahoma Stocker Industry Derrell S. Peel Oklahoma State University.
Ron Plain April 22, 2015 Cattle Outlook (title). Source: USDA/ERS 10 monthly records in 2014.
Producers breed for improved genetics Produce all breeding stock (Bulls and Heifers) Raise purebred or registered cattle Pay close attention to EPD’s.
From Conception to Carcass 2006 National Angus Conference Mike Kasten.
Andrew Brock From: Modern Poultry and Livestock Production and Agriscience Fundamentals and Applications.
Beef Cattle Industry.
Jared E. Decker 1.
Cow-Calf Outlook and Profitability Kenny Burdine and Greg Halich UK Ag Economics.
Adding Value for Oklahoma Cow- Calf Operators Kellie Curry Raper Livestock Extension Specialist Centra In-Service November 14, 2012.
1 K-State Research & Extension Cattle Outlook James Mintert, Ph.D. Professor & Extension State Leader Department of Agricultural Economics Kansas State.
Does Grazing Lower My Cost of Production? Kenny Burdine University of Kentucky.
Factors Affecting Cow-Calf Costs, Production, and Profits Clement E. Ward, Professor Department of Agricultural Economics Oklahoma State University.
Agricultural Economics Beef, Dairy, Equine, Poultry, Hogs, Sheep, and Goats Kenny Burdine and Lee Meyer UK Ag Economics.
Continuous Calving: Are Economic Incentives Large Enough to Eliminate the Traditional Practice? by D. Doye and M. Popp INTRODUCTION Why, despite expert.
Denise Schwab ISU Extension Beef Program Specialist 2013 Beef Production SPA Lab 2013 Beef Production SPA Lab
- Typically, retained ownership refers to a producer sending calves/feeders to a feedlot and owning some percentage of them. The calves/feeders can be.
CATTLENOMICS Derrell S. Peel Agricultural Economics Oklahoma State University.
Costs and Profitability Outlook for 2006 Curt Lacy Extension Economist-Livestock University of Georgia.
Beef and Dairy Cattle. Objectives: 1.Label the parts of cattle 2.Define key terms associated with cattle 3.Detail the history of cattle 4.Explain the.
Economics of Longevity Willem Burger Farmer support and Development: George Dairy Information Day 28 August 2012.
Setting a Feeder Calf Price Objective Max Runge Extension Economist Auburn University.
The Beef Industry. Beef Products What products can you think of? What products can you think of?
The Impact of COOL on Mexican Cattle and Beef Production and Trade Derrell S. Peel Department of Agricultural Economics Oklahoma State University.
2014 Cattle Market Situation and Outlook Derrell S. Peel Breedlove Professor of Agribusiness and Extension Livestock Marketing Specialist Oklahoma State.
Bush Dairy Milking the system. Bush Dairy Getting started Select hardy, docile beef cattle (Tuli tested) These cows are put to dairy bulls (Red Dane Tested)
Cow Herd Performance Testing. Introduction Help evaluate economically important traits Calving ease Birth weight Weaning weight Calving interval Calf.
Charolais By: Maria and Aaron. Breed Characteristics They are usually white in color with a pink muzzle and pale hooves. There are now Charolais cattle.
Finding Profitability Through Backgrounding or Finishing.
DROUGHT Market and Management Considerations Derrell S. Peel Livestock Marketing Specialist.
Heifer Retention in Down Cycle Keith Vander Velde, Livestock Specialist.
Cow-Calf Enterprise Standardized Performance Analysis.
Utilizing Enterprise Budgets in Beef Cattle Operations
Beef Cattle Market Update
Optimizing Cost, Production and Marketing
Agricultural Marketing
Cattle Marketing: Cash Market Basics
Cattle and Beef Markets: Short and Long Run Challenges and Opportunities Derrell S. Peel Breedlove Professor of Agribusiness and Extension Livestock Marketing.
The Beef Industry.
From Conception to Carcass
Agricultural Marketing
Cattle Marketing: Cash Market Basics
Livestock & Crop Outlook
Beef.
2019 Cattle Market Update Derrell S. Peel
Presentation transcript:

Marketing Cows for Profit. Represent 15-20% of Cow-calf income Marketing Cows for Profit Represent 15-20% of Cow-calf income Prices are seasonal Cow Body condition affects price Markets are cyclical Opportunities exist to increase income

Seasonal Cow Prices (1989-1998)

Cull Cow Marketing Consider:. Feeding Young Cows in Feedlot Cull Cow Marketing Consider: Feeding Young Cows in Feedlot Overwintering cull cows on roughage Early weaning at 3 months(creep feed)

Cow Price as a % of Fed Steer Price

Cow Price as % of Fed Steer Price Twenty Year Average=63 Cow Price as % of Fed Steer Price Twenty Year Average=63.5% Range of 73%(1975) to 52%(1996) Variation due to lower values of trimmings along with Chuck and Round

Cow Price as % of Fed Steer Price Next 2-3 Years Expect: Cow Price as % of Fed Steer Price Next 2-3 Years Expect: 65-67% of fed steer price $3-4/cwt per year

Opportunity for higher cow prices with rising fed cattle prices Opportunity for higher cow prices with rising fed cattle prices. Presents the opportunity to: Cull older cows Replace cows with heifer with less $ added to price Build inventory for times of high price for cows

THE END