1. CATTLENOMICS Derrell S. Peel Agricultural Economics Oklahoma State University

2. PART 1: INDUSTRY DEMOGRAPHICS

3. U.S. All Cattle and Calves Since 1867

5. Oklahoma All Cattle and Calves Since 1867

6. January 1, 2002 (1,000 Head) All Cattle and Calves Cattle on Feed 1TX13,600 2KS 6,600 3NE 6,400 4CA 5,200 5OK 5,200 6MO 4,350 7SD 3,950 8IA 3,550 9WI 3,300 10CO 3,050 1TX2,890 2KS2,530 3NE2,370 4CO1,210 5IA 955 6CA 480 7OK 365 8SD 355 9ID 335 10AZ 305

7. January 1, 2002 (1,000 Head) Beef Cows Beef Heifers 1TX5,440 2MO2,060 3OK1,933 4NE1,932 5SD1,792 6KS1,485 7MT1,451 8KY1,075 9TN1,060 10ND1,008 1TX750 2MT370 3OK330 4SD300 5NE285 6MO280 7KS230 8TN175 9KY170 10 WY/AR 165

8. January 1, 2002 Feeder Supply Stocker Ratio (1,000 Head)..... 1TX3,740 2OK2,375 3KS2,135 4MO1,620 5NE1,620 6CA1,370 7SD1,280 8IA1,075 9MN 940 10WI 890 0.74 1.23 1.44 0.79 0.89 0.69 0.96 1.05 0.65 Stocker Ratio = Feeder Supply / Calf Crop U.S. Avg = 0.75

9. U.S. Average Stocker Ratio, January 1, 2002

10. Regional Stocker Ratio, January 1 2002

11. Stocker Ratio, January 1

13. Regional Share of Beef Cows, January 1, 2002

14. Beef Heifer Retention Rate

15. Regional Share of Beef Replacement Heifers, Jan. 1 2002

16. Regional Beef Heifer Retention Rates, Jan. 1 2002

17. Beef Heifer Retention Rate

18. Regional Share of Feeder Supplies Outside of Feedlots, Jan. 1 2002

19. Southern Plains Feeder Share

20. Regional Feeder Share

21. PART 2: PRICE RELATIONSHIPS

22. Feeder and Fed Steer Prices, 1992-2001

23. Seasonal Price Pattern

24. 450 Lb. Stocker Buy-Sell Seasonal Price Pattern – 300 Lbs Gain

25. 450 Lb. Stocker Buy-Sell Seasonal Price Pattern – 200 Lbs Gain

26. 550 Lb. Stocker Buy-Sell Seasonal Pattern – 200 Lbs Gain

27. Feedlot Buy-Sell Seasonal Price Pattern

28. Steer-Heifer Price Relationship

29. Steer-Heifer Price Relationship OKC, 1992-2001 (Steer – Heifer) $/cwt by weight –37515.47 –42513.61 –47511.79 –525 9.77 –575 8.16 –625 6.81 –675 5.83 –725 5.39 –775 5.27 Heifer Price as % of Steer Price –37584.6 –42585.5 –47586.5 –52588.2 –57588.8 –62590.1 –67592.1 –72593.6 –77593.9

30. Steer-Heifer Price Relationship

31. Seasonal Steer-Heifer Price Patterns

32. Steer-Heifer Price Relationship: Cyclical Effects

33. Price-Weight Relationships

34. Steer Price/Weight Relationship, OKC, 1992-2001

35. Steer Price/Weight Relationship: Cyclical Effects

36. Steer Price/Weight Relationship: Seasonal Effects

37. Steer Price Slide (Rollback)

38. Working Price Slide Price Adjustment Factor (PAF) as % of Price –up to 500 lbs8.8 –500-550 lbs7.4 –550-600 lbs6.4 –600-650 lbs4.9 –650-800 lbs3.7 –> 800 lbs5.4 (PAF/100) x Price ($/cwt) = Price Adjustment ($/cwt) Example: Base weight = 450 lbs Base price = 105 $/cwt Actual weight = 480 lbs Price slide = (105*0.088)=9.24 Sale price: 105- (9.24* (480-450)/100) = 102.23

39. Value of Gain, 1992 - 2001

40. Value of Gain (Based on 200 lbs of Gain)