1. Cattle Marketing: Cash Market Basics
Derrell S. Peel
Extension Livestock Marketing Specialist and
Breedlove Professor of Agribusiness
Oklahoma State University

2. Adding Value to Calves Individual animal management Animal groups
Dehorn (Horns, -$3.15/cwt.)
Castrate (Bulls, -$5.77/cwt.)
Vaccinated, (+$1.44/cwt.)
Weaned, (+$2.05/cwt.)
Preconditioning Package (Certified, $3.32/cwt.)
Animal groups
Lot size (premium)
Uniformity (premium)
Change genetics
Improve muscle and frame

3. Preconditioning Premiums

4. Cattle Production Variability
Forage
More << Grain >> Less
Less < Forage > More
Grain
Cow-Calf
Stocker
Feedlot

5. Price-Weight Relationship Medium/Large No. 1 Steers, Oklahoma
Buy STOCKER Sell
Buy FEEDLOT
COW-CALF Sell

6. Price-Weight Relationship Medium/Large No. 1 Steers, Oklahoma

7. Steer Price, Total Value and Value of Gain October 21, 2016, 7 Mkt. Ave., Oklahoma
Weight (lbs)
Average Price ($/cwt.)
Total Value ($/hd)
VOG
400 lb. Beg. Weight
($/lb.)
450 lb. Beg. Weight
($/lb
500 lb. Beg. Weight
550 lb. Beg. Weight
600 lb. Beg. Weight
650 lb. Beg. Weight
400
$140.48
$562
450
$132.10
$594
$0.65
500
$126.60
$633
$0.71
$0.77
550
$121.62
$669
$0.74
$0.72
600
$119.78
$719
$0.78
$0.83
$0.86
$1.00
650
$122.46
$796
$0.94
$1.01
$1.09
$1.27
$1.55
700
$122.44
$857
$0.98
$1.05
$1.12
$1.25
$1.38
$1.22
750
$121.84
$914
$1.06
$1.30
$1.18
800
$121.25
$970
$1.02
$1.07
$1.20
$1.26
$1.16
850
$120.43
$1,024
$1.03
$1.14
900
$113.77
$0.92
$0.95
$0.91

8. Steer Price, Total Value and Value of Gain May 5, 2017, 7 Mkt. Ave
Steer Price, Total Value and Value of Gain May 5, 2017, 7 Mkt. Ave., Oklahoma
Weight (lbs)
Average Price ($/cwt.)
Total Value ($/hd)
VOG
400 lb. Beg. Weight
($/lb.)
450 lb. Beg. Weight
($/lb
500 lb. Beg. Weight
550 lb. Beg. Weight
600 lb. Beg. Weight
650 lb. Beg. Weight
400
$196.06
$784
450
$184.23
$829
$0.90
500
$176.49
$882
$0.98
$1.07
550
$170.87
$940
$1.04
$1.11
$1.15
600
$164.57
$987
$1.02
$1.06
$1.05
$0.95
650
$159.54
$1,037
$1.01
$1.03
$0.97
$0.99
700
$154.55
$1,082
$1.00
$0.94
750
$150.74
$1,131
800
$147.77
$1,182
850
$143.26
$1,218
$0.96
$0.93
$0.92
900
$140.40
$1,264
$0.91

9. Steer Price, Total Value and Value of Gain March 10, 2017, 7 Mkt. Ave
Steer Price, Total Value and Value of Gain March 10, 2017, 7 Mkt. Ave., Oklahoma
Weight (lbs)
Average Price ($/cwt.)
Total Value ($/hd)
VOG
400 lb. Beg. Weight
($/lb.)
450 lb. Beg. Weight
($/lb
500 lb. Beg. Weight
550 lb. Beg. Weight
600 lb. Beg. Weight
650 lb. Beg. Weight
400
$183.82
$735
450
$175.81
$791
$1.12
500
$166.18
$831
$0.96
$0.80
550
$157.75
$868
$0.88
$0.76
$0.73
600
$150.24
$901
$0.83
$0.74
$0.71
$0.68
650
$143.51
$933
$0.79
$0.65
$0.63
700
$137.22
$961
$0.75
$0.62
$0.59
$0.55
750
$130.92
$982
$0.70
$0.64
$0.60
$0.57
$0.54
$0.49
800
$125.89
$1,007
$0.56
$0.53
$0.50
850
$122.47
$1,041
$0.58
900
$119.59
$1,076
$0.61

10. Price-Weight Relationship Medium/Large No. 1 Steers, Oklahoma

11. DEPARTMENT OF AGRICULTURAL ECONOMICS