SEASONAL PRICES for TENNESSEE FEEDER CATTLE and COWS

Size: px
Start display at page:

Download "SEASONAL PRICES for TENNESSEE FEEDER CATTLE and COWS"

Transcription

1 Department of Agricultural and Resource Economics SEASONAL PRICES for TENNESSEE FEEDER CATTLE and COWS Tammy L. McKinley Extension Specialist Andrew P. Griffith Assistant Professor economics.ag.utk.edu AE13 03 July 2012

2 TABLE OF CONTENTS Seasonal : Introduction... 3 Tennessee Steer, lbs Tennessee Steer, lbs Tennessee Steer, lbs Tennessee Steer, lbs Tennessee Steer, lbs Tennessee Heifer, lbs Tennessee Heifer, lbs Tennessee Heifer, lbs Tennessee Heifer, lbs Tennessee Heifer, lbs Tennessee Utility Cow...35 Choice Finished Cattle, Five Market Area Data Sources USDA/Tennessee Department of Agriculture Market News Service Livestock Marketing Information Center Special Acknowledgment: Publication based on original work by Dr. Emmit L. Rawls Professor Emeritus, Agricultural Economics E Programs in agriculture and natural resource, 4-H youth development, family and consumer sciences, and resource development. University of Tennessee Institute of Agriculture, U.S. Department of Agriculture and county governments cooperating. UT Extension provide equal opportunities in programs and employment.

3 Seasonal : Introduction When planning to market cattle there are many factors a producer needs to take into account, one of which is the seasonal price pattern for the cattle to be marketed. Having an understanding of the historical monthly highs and lows can greatly impact returns especially in the short term. A producer can use the historical price patterns to decide whether to sell now or at a later date after the cattle have added some weight. Included in this publication are the historical average monthly prices for Medium and Large Frame No. 1 steers and heifers and cull cows from Tennessee Auction Markets and for Choice Finished cattle from the Five Market Area of Texas-Oklahoma, Kansas, Nebraska, Colorado, and Iowa-Minnesota. The prices were obtained from the USDA and Tennessee Department of Agriculture Market News Service. Similar graphs and tables are presented for each category of feeder and slaughter cattle. A description of these follows: On page 5 there is a graph of monthly prices for 300 to 400 pound steers for the past 10 years. Below it is a graph containing monthly prices for 2010, 2011 and the five year average for those same cattle. At the bottom of page 5 is a graph of the seasonal index of prices for the 300 to 400 pound steers. The index shows the percentage variation in prices during the year. If the annual average of prices is considered to be an index of 100, then in April the index, represented by the solid line, is about 104 or 4 percent above the annual average. Similarly, in November the index is about 95 percent indicating that prices are about 5 percent under the annual average. The graph also includes lines for plus and minus one standard deviation from the average. The variation in prices has been within those two lines two thirds of the time in the past 10 years. The wider apart the lines, the greater the variation in prices during that month. The table on page 6 shows more precisely how prices change from one month to the next. For example, comparing January to February prices over the past 10 years, prices increased 9 out of 10 years by an average of $5.37 per hundred. In the extreme right column, the overall price change was $4.82. From February to March, prices increased 6 out of 10 years or 60 percent of the time by an average of $6.23. Four years out of ten prices declined or 40 percent of the time by an average of $5.15. The overall price change was an increase of $1.68. The numbers in the right column, the overall average price change, can be added over a period of months as long as the weight of the animal stays within the specified weight, in this case 100 pounds. If the weight gain on feeder cattle is greater than 100 pounds, one needs to use the Buy/Sell Margins Calculator (available at or by calling ) to estimate the price change over time. The table on page 7 contains the raw data for the past 20 years as well as the five and 10 year averages, seasonal indexes and their respective standard deviations. 3

4 One example of how the material can be used is illustrated below. In this example we will use the data for pound heifers from pages Example: Deciding Whether to Sell 500 pound Heifers In November or January A producer is considering whether to market 500 pound heifers in November or feed them to gain 1.5 pounds per day for later sale in January weighing 590 pounds. Cost to feed is $60 per head and the interest (opportunity cost) is 8 percent for 60 days. Value of 500 pound heifer in $1.15 per pound = $575 Cost to hold in a gaining condition until January = $60 8 percent for 60 days = $8.35 Value in November plus cost to hold = $ Assume gain of 1.5 pounds per day and sale weight of 590 pounds Price needed to breakeven = $ divided by 590 pounds = $ From page 27 - The overall average price change from November to January is -$0.49 (November to December) plus $4.99 (December to January) or a total of $4.50 per hundredweight (cwt). Since the historical data indicates prices would increase from $1.15 per pound or $115 per cwt to $ per cwt and the producer could afford for prices to decline to $ per cwt and still breakeven, the rational decision would be to feed the calves and sell in January. 4

5 Tennessee Steer Lbs., Tennessee Steer 2010, 2011, & Five Year Average, lbs Five Year Avg ( ) Tennessee Steer Seasonal Price Index Medium No. 1, lbs., 115% 110% 105% 100% 95% 90% 85% (+) STD Avg (-) STD 5

6 Month to Month Price Changes lbs. Steers - Medium Frame No. 1 Period Increase Decrease Overall Average Price Change Jan-Feb Feb-Mar Mar-Apr Apr-May May-Jun Jun-Jul Jul-Aug Aug-Sep Sep-Oct Oct-Nov Nov-Dec Dec-Jan

7 Tennessee Steer lbs. Year Avg Low High Average S.I. 99.9% 103.5% 104.5% 104.2% 102.7% 99.9% 99.6% 99.9% 98.7% 95.5% 95.4% 96.2% 100.0% 95.4% 104.5% STD 4.4% 4.3% 4.8% 5.0% 3.6% 3.3% 4.1% 4.6% 5.6% 4.2% 3.4% 3.5% 4.3% 3.3% 5.6% Average S.I. 98.1% 102.9% 106.4% 106.7% 104.4% 100.0% 101.7% 100.0% 97.0% 93.0% 94.1% 95.8% 100.0% 93.0% 106.7% STD 3.5% 3.5% 5.9% 5.4% 2.4% 2.8% 3.0% 5.1% 6.3% 3.8% 3.1% 3.8% 4.0% 2.4% 6.3% 7

8 Tennessee Steer Lbs., Tennessee Steer 2010, 2011, & Five Year Average, lbs Five Year Avg. ( ) Tennessee Steer Seasonal Price Index Medium No. 1, lbs., 115% 110% 105% 100% 95% 90% 85% (+) STD Avg (-) STD 8

9 Month to Month Price Changes lbs. Steers - Medium Frame No. 1 Period Increase Decrease Overall Average Price Change Jan-Feb Feb-Mar Mar-Apr Apr-May May-Jun Jun-Jul Jul-Aug Aug-Sep Sep-Oct Oct-Nov Nov-Dec Dec-Jan

10 Tennessee Steer lbs. Year Avg Low High Average S.I. 99.3% 103.8% 105.8% 105.2% 104.3% 101.1% 100.3% 99.2% 97.6% 94.9% 93.9% 94.6% 100.0% 93.9% 105.8% STD 4.7% 4.5% 4.2% 4.5% 3.4% 3.0% 3.4% 4.8% 5.1% 3.4% 3.6% 3.9% 4.0% 3.0% 5.1% Average S.I. 97.2% 103.8% 107.1% 107.6% 105.5% 101.4% 101.9% 99.8% 96.4% 93.0% 92.7% 93.7% 100.0% 92.7% 107.6% STD 3.6% 3.2% 4.3% 4.8% 2.5% 2.6% 2.4% 4.6% 5.1% 3.3% 2.6% 4.3% 3.6% 2.4% 5.1% 10

11 Tennessee Steer Lbs., Tennessee Steer 2010, 2011, & Five Year Average, lbs Five Year Avg. ( ) Tennessee Steer Seasonal Price Index Medium No. 1, lbs., 115% 110% 105% 100% 95% 90% 85% (+) STD Avg (-) STD 11

12 Month to Month Price Changes lbs. Steers - Medium Frame No. 1 Period Increase Decrease Overall Average Price Change Jan-Feb Feb-Mar Mar-Apr Apr-May May-Jun Jun-Jul Jul-Aug Aug-Sep Sep-Oct Oct-Nov Nov-Dec Dec-Jan

13 Tennessee Steer lbs. Year Avg Low High Average S.I. 96.9% 101.4% 104.7% 105.2% 105.1% 103.0% 102.0% 101.2% 98.3% 95.2% 93.2% 93.6% 100.0% 93.2% 105.2% STD 4.2% 4.1% 4.0% 4.7% 3.4% 2.8% 3.4% 4.3% 4.8% 3.4% 3.8% 4.5% 3.9% 2.8% 4.8% Average S.I. 95.0% 102.1% 106.8% 108.1% 106.4% 103.3% 103.4% 101.6% 96.9% 93.2% 91.6% 91.7% 100.0% 91.6% 108.1% STD 4.0% 3.2% 3.8% 4.3% 2.3% 2.5% 2.1% 4.5% 4.9% 3.4% 2.5% 4.3% 3.5% 2.1% 4.9% 13

14 Tennessee Steer Lbs., Tennessee Steer 2010, 2011, & Five Year Average, lbs Five Year Avg. ( ) Tennessee Steer Seasonal Price Index Medium No. 1, lbs., 115% 110% 105% 100% 95% 90% 85% (+) STD Avg (-) STD 14

15 Month to Month Price Changes lbs. Steers - Medium Frame No. 1 Period Increase Decrease Overall Average Price Change Jan-Feb Feb-Mar Mar-Apr Apr-May May-Jun Jun-Jul Jul-Aug Aug-Sep Sep-Oct Oct-Nov Nov-Dec Dec-Jan

16 Tennessee Steer lbs. Year Avg Low High Average S.I. 95.9% 98.2% 100.8% 103.3% 104.4% 103.6% 104.1% 103.9% 101.1% 96.5% 93.9% 94.5% 100.0% 93.9% 104.4% STD 4.0% 4.0% 4.0% 5.4% 3.6% 3.2% 3.6% 4.3% 4.9% 3.9% 4.2% 5.4% 4.2% 3.2% 5.4% Average S.I. 94.1% 99.0% 102.6% 107.3% 106.5% 104.2% 105.6% 104.0% 99.2% 93.7% 92.0% 91.7% 100.0% 91.7% 107.3% STD 3.8% 3.6% 3.9% 4.4% 2.2% 2.4% 1.9% 4.7% 5.4% 3.0% 2.8% 4.6% 3.6% 1.9% 5.4% 16

17 Tennessee Steer Lbs., Tennessee Steer 2010, 2011, & Five Year Average, lbs Five Year Avg. ( ) Tennessee Steer Seasonal Price Index Medium No. 1, lbs., 115% 110% 105% 100% 95% 90% 85% (+) STD Avg (-) STD 17

18 Month to Month Price Changes lbs. Steers - Medium Frame No. 1 Period Increase Decrease Overall Average Price Change Jan-Feb Feb-Mar Mar-Apr Apr-May May-Jun Jun-Jul Jul-Aug Aug-Sep Sep-Oct Oct-Nov Nov-Dec Dec-Jan

19 Tennessee Steer lbs. Year Avg Low High Average S.I. 96.9% 97.3% 97.3% 100.5% 103.2% 102.5% 104.0% 104.4% 101.9% 98.7% 96.9% 96.5% 100.0% 96.5% 104.4% STD 4.5% 4.1% 4.2% 5.9% 3.8% 3.3% 3.9% 4.4% 5.6% 4.3% 5.1% 5.8% 4.6% 3.3% 5.9% Average S.I. 94.5% 98.0% 98.9% 104.6% 105.9% 103.3% 105.4% 104.5% 99.2% 95.9% 95.6% 94.3% 100.0% 94.3% 105.9% STD 4.1% 2.6% 4.3% 5.0% 2.1% 2.7% 2.3% 5.2% 6.3% 3.3% 5.2% 5.9% 4.1% 2.1% 6.3% 19

20 Tennessee Heifer Lbs., Tennessee Heifer 2010, 2011, & Five Year Average, Lbs Five Year Avg. ( ) Tennessee Heifer Seasonal Price Index Medium No. 1, lbs., 115% 110% 105% 100% 95% 90% 85% (+) STD Avg (-) STD 20

21 Month to Month Price Changes lbs. Heifers - Medium Frame No. 1 Period Increase Decrease Overall Average Price Change Jan-Feb Feb-Mar Mar-Apr Apr-May May-Jun Jun-Jul Jul-Aug Aug-Sep Sep-Oct Oct-Nov Nov-Dec Dec-Jan

22 Tennessee Heifer lbs. Year Avg Low High Average S.I. 98.1% 102.6% 104.5% 105.6% 105.4% 102.2% 101.3% 100.4% 98.1% 94.7% 93.2% 93.9% 100.0% 93.2% 105.6% STD 4.0% 4.3% 3.9% 4.0% 3.2% 3.8% 3.8% 4.4% 5.1% 4.4% 3.9% 4.0% 4.1% 3.2% 5.1% Average S.I. 96.5% 102.5% 105.7% 107.7% 107.2% 102.9% 103.9% 101.5% 96.9% 92.1% 90.9% 92.3% 100.0% 90.9% 107.7% STD 3.4% 3.5% 4.4% 4.3% 2.3% 3.5% 2.0% 4.2% 5.9% 4.4% 2.6% 4.4% 3.7% 2.0% 5.9% 22

23 Tennessee Heifer Lbs., Tennessee Heifer 2010, 2011, & Five Year Average, lbs Five Year Avg. ( ) Tennessee Heifer Seasonal Price Index Medium No. 1, lbs., 115% 110% 105% 100% 95% 90% 85% (+) STD Avg (-) STD 23

24 Month to Month Price Changes lbs. Heifers - Medium Frame No. 1 Period Increase Decrease Overall Average Price Change Jan-Feb Feb-Mar Mar-Apr Apr-May May-Jun Jun-Jul Jul-Aug Aug-Sep Sep-Oct Oct-Nov Nov-Dec Dec-Jan

25 Tennessee Heifer lbs. Year Avg Low High Average S.I. 97.4% 102.2% 104.7% 106.0% 106.2% 103.2% 102.2% 100.9% 98.0% 94.1% 93.4% 91.9% 100.0% 91.9% 106.2% STD 4.0% 3.9% 3.9% 4.5% 3.2% 3.3% 3.8% 4.6% 5.3% 4.2% 6.0% 4.4% 4.3% 3.2% 6.0% Average S.I. 95.4% 102.3% 106.0% 108.4% 107.9% 103.7% 104.4% 101.9% 97.1% 91.5% 90.0% 91.4% 100.0% 90.0% 108.4% STD 3.9% 3.8% 4.4% 4.6% 2.6% 3.0% 2.2% 4.5% 6.1% 3.7% 2.7% 4.6% 3.9% 2.2% 6.1% # 25

26 Tennessee Heifer Lbs., Tennessee Heifer 2010, 2011, & Five Year Average, lbs Five Year Avg. ( ) Tennessee Heifer Seasonal Price Index Medium No. 1, lbs., 115% 110% 105% 100% 95% 90% 85% (+) STD Avg (-) STD 26

27 Month to Month Price Changes lbs. Heifers - Medium Frame No. 1 Period Increase Decrease Overall Average Price Change Jan-Feb Feb-Mar Mar-Apr Apr-May May-Jun Jun-Jul Jul-Aug Aug-Sep Sep-Oct Oct-Nov Nov-Dec Dec-Jan

28 Tennessee Heifer lbs. Year Avg Low High Average S.I. 96.0% 99.7% 102.5% 104.6% 106.1% 104.3% 104.1% 103.3% 99.5% 94.8% 93.1% 91.9% 100.0% 91.9% 106.1% STD 4.2% 3.7% 4.1% 4.5% 3.5% 3.3% 4.0% 4.7% 5.2% 4.2% 5.7% 4.5% 4.3% 3.3% 5.7% Average S.I. 94.0% 100.2% 103.9% 107.1% 108.2% 105.2% 106.3% 104.2% 98.5% 92.0% 90.0% 90.3% 100.0% 90.0% 108.2% STD 4.3% 3.4% 4.7% 4.5% 2.2% 2.6% 2.4% 4.9% 6.2% 3.6% 2.8% 4.2% 3.8% 2.2% 6.2% 28

29 Tennessee Heifer Lbs., Tennessee Heifer 2010, 2011, & Five Year Average, lbs Five Year Avg. ( ) Tennessee Heifer Seasonal Price Index Medium No. 1, lbs., 115% 110% 105% 100% 95% 90% 85% (+) STD Avg (-) STD 29

30 Month to Month Price Changes lbs. Heifers - Medium Frame No. 1 Period Increase Decrease Overall Average Price Change Jan-Feb Feb-Mar Mar-Apr Apr-May May-Jun Jun-Jul Jul-Aug Aug-Sep Sep-Oct Oct-Nov Nov-Dec Dec-Jan

31 Tennessee Heifer lbs. Year Avg Low High Average S.I. 96.1% 98.1% 99.2% 102.4% 104.9% 103.7% 104.9% 104.8% 101.5% 96.7% 94.7% 92.9% 100.0% 92.9% 104.9% STD 3.7% 3.7% 4.0% 5.0% 3.9% 3.6% 4.5% 4.6% 5.4% 4.6% 6.0% 5.0% 4.5% 3.6% 6.0% Average S.I. 94.2% 98.2% 100.4% 105.2% 107.7% 105.1% 107.5% 105.9% 100.0% 93.4% 91.3% 90.9% 100.0% 90.9% 107.7% STD 3.4% 3.1% 4.2% 5.1% 2.5% 2.5% 1.5% 4.9% 6.7% 3.6% 3.0% 4.2% 3.7% 1.5% 6.7% 31

32 Tennessee Heifer Lbs., Tennessee Heifer 2010, 2011, & Five Year Average, lbs Five Year Avg. ( ) Tennessee Heifer Seasonal Price Index Medium No. 1, lbs., 115% 110% 105% 100% 95% 90% 85% (+) STD Avg (-) STD 32

33 Month to Month Price Changes lbs. Heifers - Medium Frame No. 1 Period Increase Decrease Overall Average Price Change Jan-Feb Feb-Mar Mar-Apr Apr-May May-Jun Jun-Jul Jul-Aug Aug-Sep Sep-Oct Oct-Nov Nov-Dec Dec-Jan

34 Tennessee Heifer lbs. Year Avg Low High Average S.I. 96.5% 97.8% 97.8% 100.6% 102.4% 102.3% 104.4% 104.3% 102.0% 98.6% 97.3% 96.0% 100.0% 96.0% 104.4% STD 4.2% 3.3% 3.4% 5.7% 4.4% 3.7% 5.2% 4.5% 5.1% 3.7% 6.3% 5.8% 4.6% 3.3% 6.3% Average S.I. 93.9% 97.3% 98.4% 104.0% 105.7% 103.3% 107.4% 105.2% 99.8% 96.3% 94.7% 93.9% 100.0% 93.9% 107.4% STD 2.5% 1.8% 3.0% 5.3% 1.9% 3.1% 2.4% 4.4% 5.5% 3.3% 5.0% 6.2% 3.7% 1.8% 6.2% 34

35 Tennessee Utility Cow Tennessee Utility Cow 2010, 2011, & Five Year Average Five Year Avg. ( ) Tennessee Utility Cow Seasonal Price Index 120% 110% 100% 90% 80% (+) STD Avg (-) STD 35

36 Month to Month Price Changes Utility Cows Period Increase Decrease Overall Average Price Change Jan-Feb Feb-Mar Mar-Apr Apr-May May-Jun Jun-Jul Jul-Aug Aug-Sep Sep-Oct Oct-Nov Nov-Dec Dec-Jan

37 Tennessee Utility Cow Year Avg Low High Average S.I. 95.3% 101.3% 101.5% 106.5% 109.7% 107.5% 103.0% 102.3% 96.9% 93.6% 90.6% 91.8% 100.0% 90.6% 109.7% STD 2.2% 4.4% 5.7% 4.5% 3.6% 5.1% 6.7% 4.1% 5.1% 4.3% 5.7% 5.5% 4.7% 2.2% 6.7% Average S.I. 95.4% 101.5% 101.0% 107.8% 111.7% 107.7% 106.2% 103.8% 96.7% 92.0% 87.4% 88.8% 100.0% 87.4% 111.7% STD 2.2% 3.7% 4.5% 5.1% 3.0% 5.1% 2.2% 4.8% 6.4% 4.0% 2.0% 2.2% 3.8% 2.0% 6.4% 37

38 Choice Finished Cattle Five Market Area, Choice Finished Cattle 2010, 2011, & Five Year Average Five Year Avg. ( ) Choice Finished Cattle Seasonal Price Index Five Market Area, 115% 110% 105% 100% 95% 90% 85% (+) STD Avg (-) STD Source: Livestock Marketing Information Center 38

39 Month to Month Price Changes Choice Finished Cattle - Five Market Area Period Increase Decrease Overall Average Price Change Jan-Feb Feb-Mar Mar-Apr Apr-May May-Jun Jun-Jul Jul-Aug Aug-Sep Sep-Oct Oct-Nov Nov-Dec Dec-Jan Source: Livestock Marketing Information Center 39

40 Choice Finished Cattle Five Market Area (Texas-Oklahoma; Kansas; Nebraska; Colorado; Iowa-Minnesota) Year Avg Low High Average S.I. 99.8% 100.4% 102.2% 102.4% 100.4% 97.4% 96.5% 97.8% 100.1% 100.8% 101.9% 100.3% 100.0% 96.5% 102.4% STD 5.2% 5.2% 4.5% 4.8% 3.9% 3.6% 4.4% 4.3% 4.3% 5.9% 5.9% 4.5% 4.7% 3.6% 5.9% Average S.I. 97.4% 98.6% 101.8% 104.3% 102.1% 97.9% 99.2% 100.3% 101.0% 99.5% 100.1% 97.9% 100.0% 97.4% 104.3% STD 2.2% 2.5% 4.9% 4.9% 2.6% 2.6% 3.9% 3.9% 3.7% 1.7% 2.8% 3.0% 3.2% 1.7% 4.9% Source: Livestock Marketing Information Center 40

Managing Cattle Price Risk With Futures and Options Contracts

Managing Cattle Price Risk With Futures and Options Contracts Managing Cattle Price Risk with Futures and Options Contracts Dr. John Lawrence, Extension Livestock Economist and Associate Professor, Iowa State University Department of Economics Alexander H. Smith,

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

Managing Cattle Price Risk with Futures and Options Contracts

Managing Cattle Price Risk with Futures and Options Contracts Managing Cattle Price Risk with Futures and Options Contracts Dr. John Lawrence, Extension Livestock Economist and Professor, Laura A. Bortz, Undergraduate Research Assistant, Iowa State University Department

More information

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 Product Support Matrix Following is the Product Support Matrix for the AT&T Global Network Client. See the AT&T Global Network

More information

Using Futures Markets to Manage Price Risk for Feeder Cattle (AEC 2013-01) February 2013

Using Futures Markets to Manage Price Risk for Feeder Cattle (AEC 2013-01) February 2013 Using Futures Markets to Manage Price Risk for Feeder Cattle (AEC 2013-01) February 2013 Kenny Burdine 1 Introduction: Price volatility in feeder cattle markets has greatly increased since 2007. While

More information

FUTURES TRADING OF LIVE BEEF CATTLE (HEDGING) by Clarence C. Bowen

FUTURES TRADING OF LIVE BEEF CATTLE (HEDGING) by Clarence C. Bowen ESM 481 FUTURES TRADING OF LIVE BEEF CATTLE (HEDGING) by Clarence C. Bowen Cooperative Extension Service Department of Agricultural Economics & Rural Sociology The Ohio State University September, 1972

More information

Using the Futures Market to Predict Prices and Calculate Breakevens for Feeder Cattle Kenny Burdine 1 and Greg Halich 2

Using the Futures Market to Predict Prices and Calculate Breakevens for Feeder Cattle Kenny Burdine 1 and Greg Halich 2 Introduction Using the Futures Market to Predict Prices and Calculate Breakevens for Feeder Cattle Kenny Burdine 1 and Greg Halich 2 AEC 2013-09 August 2013 Futures markets are used by cattle producers

More information

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138 Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 2 of 138 Domain Name: CELLULARVERISON.COM Updated Date: 12-dec-2007

More information

Analysis One Code Desc. Transaction Amount. Fiscal Period

Analysis One Code Desc. Transaction Amount. Fiscal Period Analysis One Code Desc Transaction Amount Fiscal Period 57.63 Oct-12 12.13 Oct-12-38.90 Oct-12-773.00 Oct-12-800.00 Oct-12-187.00 Oct-12-82.00 Oct-12-82.00 Oct-12-110.00 Oct-12-1115.25 Oct-12-71.00 Oct-12-41.00

More information

Enhanced Vessel Traffic Management System Booking Slots Available and Vessels Booked per Day From 12-JAN-2016 To 30-JUN-2017

Enhanced Vessel Traffic Management System Booking Slots Available and Vessels Booked per Day From 12-JAN-2016 To 30-JUN-2017 From -JAN- To -JUN- -JAN- VIRP Page Period Period Period -JAN- 8 -JAN- 8 9 -JAN- 8 8 -JAN- -JAN- -JAN- 8-JAN- 9-JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- 8-JAN- 9-JAN- -JAN- -JAN- -FEB- : days

More information

Using Futures, Options or LRP Insurance to Manage Feeder Cattle Price Risk

Using Futures, Options or LRP Insurance to Manage Feeder Cattle Price Risk Using Futures, Options or LRP Insurance to Manage Feeder Cattle Price Risk Dillon M. Feuz - Utah State University and John P. Hewlett University of Wyoming Understanding Risk In Agricultural Prices Wyoming

More information

Agricultural Commodity Marketing: Futures, Options, Insurance

Agricultural Commodity Marketing: Futures, Options, Insurance Agricultural Commodity Marketing: Futures, Options, Insurance By: Dillon M. Feuz Utah State University Funding and Support Provided by: On-Line Workshop Outline A series of 12 lectures with slides Accompanying

More information

Livestock Risk Protection (LRP) Insurance for Feeder Cattle

Livestock Risk Protection (LRP) Insurance for Feeder Cattle Livestock Risk Protection (LRP) Insurance for Feeder Cattle Department of Agricultural MF-2705 Livestock Marketing Economics Risk management strategies and tools that cattle producers can use to protect

More information

Estimated Crush Margins for Hog Producers, 2006-2015 Lee Schulz 1 Iowa State University

Estimated Crush Margins for Hog Producers, 2006-2015 Lee Schulz 1 Iowa State University Estimated Crush Margins for Hog Producers, 2006-2015 Lee Schulz 1 Iowa State University Buying weaned pigs, corn, and soybean meal and selling hogs at discrete times throughout the year exposes wean to

More information

Commodity Futures and Options

Commodity Futures and Options Understanding Commodity Futures and Options for Producers of Livestock and Livestock Products CIS 1100 The Authors Larry D. Makus, C. Wilson Gray and Neil R. Rimbey* Introduction Risk associated with an

More information

By Anne Wasko Gateway Livestock, Market Analyst

By Anne Wasko Gateway Livestock, Market Analyst @AnneDunford By Anne Wasko Gateway Livestock, Market Analyst June 2014 J/98 J/99 J/00 J/01 J/02 J/03 J/04 J/05 J/06 J/07 J/08 J/09 J/10 J/11 J/12 J/13 J/14 US $/cwt $160 US Fed Steer Price $140 $120 $100

More information

How Profitable is Backgrounding Cattle? Dr. John Lawrence and Cody Ostendorf, Iowa State University

How Profitable is Backgrounding Cattle? Dr. John Lawrence and Cody Ostendorf, Iowa State University How Profitable is Backgrounding Cattle? Dr. John Lawrence and Cody Ostendorf, Iowa State University Many beef producers question the profitability of backgrounding cattle before selling them. Many variables

More information

US Imported Beef Market A Weekly Update

US Imported Beef Market A Weekly Update US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVI, Issue 24 June 29, 2016 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

The Costs of Raising Replacement Heifers and the Value of a Purchased Versus Raised Replacement

The Costs of Raising Replacement Heifers and the Value of a Purchased Versus Raised Replacement Managing for Today s Cattle Market and Beyond March 2002 The Costs of Raising Replacement Heifers and the Value of a Purchased Versus Raised Replacement By Dillon M. Feuz, University of Nebraska Numerous

More information

Basis The Cash Futures Relationship

Basis The Cash Futures Relationship Agricultural Commodity Marketing: Futures, Options, Insurance Basis The Cash Futures Relationship By: Dillon M. Feuz Utah State University Funding and Support Provided by: Fact Sheets Knowing and Managing

More information

Characterization of the Beef Cow-calf Enterprise of the Northern Great Plains

Characterization of the Beef Cow-calf Enterprise of the Northern Great Plains Characterization of the Beef Cow-calf Enterprise of the Northern Great Plains Barry Dunn 1, Edward Hamilton 1, and Dick Pruitt 1 Departments of Animal and Range Sciences and Veterinary Science BEEF 2003

More information

Consumer ID Theft Total Costs

Consumer ID Theft Total Costs Billions Consumer and Business Identity Theft Statistics Business identity (ID) theft is a growing crime and is a growing concern for state filing offices. Similar to consumer ID theft, after initially

More information

Announcement of Class and Component Prices United States Department of Agriculture

Announcement of Class and Component Prices United States Department of Agriculture Announcement of Class and Component s United States Department of Agriculture Dairy Programs Market Information Branch CLS-0116 January 2016 Highlights Class II was $14.19 per hundredweight for the month

More information

Ashley Institute of Training Schedule of VET Tuition Fees 2015

Ashley Institute of Training Schedule of VET Tuition Fees 2015 Ashley Institute of Training Schedule of VET Fees Year of Study Group ID:DECE15G1 Total Course Fees $ 12,000 29-Aug- 17-Oct- 50 14-Sep- 0.167 blended various $2,000 CHC02 Best practice 24-Oct- 12-Dec-

More information

Understanding and Using Basis for Livestock Producer Marketing Management 1

Understanding and Using Basis for Livestock Producer Marketing Management 1 Understanding and Using Basis for Livestock Producer Marketing Management 1 By: Al Wellman, and Reviewed by Gene Murra Edited by Duane Griffith and Stephen Koontz 2 This Fact Sheet will assist a livestock

More information

LGM-Dairy: What is it? New Livestock Gross Margin for Dairy Insurance

LGM-Dairy: What is it? New Livestock Gross Margin for Dairy Insurance Dairy Price Risk Management Livestock Gross Margin for Dairy (LGM-Dairy) Victor E. Cabrera Assistant Professor Extension Dairy Specialist Dairy Science Department Brian W. Gould Associate Professor Ag

More information

Understanding and Using Cattle Basis in Managing Price Risk

Understanding and Using Cattle Basis in Managing Price Risk Understanding and Using Cattle Basis in Managing Price Risk by R. Curt Lacy 1, Andrew P. Griffith 2 and John C. McKissick 3 Introduction Understanding the concept of basis is a key element in developing

More information

CENTERPOINT ENERGY TEXARKANA SERVICE AREA GAS SUPPLY RATE (GSR) JULY 2015. Small Commercial Service (SCS-1) GSR

CENTERPOINT ENERGY TEXARKANA SERVICE AREA GAS SUPPLY RATE (GSR) JULY 2015. Small Commercial Service (SCS-1) GSR JULY 2015 Area (RS-1) GSR GSR (LCS-1) Texarkana Incorporated July-15 $0.50690/Ccf $0.45450/Ccf $0.00000/Ccf $2.85090/MMBtu $17.52070/MMBtu Texarkana Unincorporated July-15 $0.56370/Ccf $0.26110/Ccf $1.66900/Ccf

More information

Review of the situation on the EU Beef and Veal Market. "Single CMO" Management Committee 19th January 2012

Review of the situation on the EU Beef and Veal Market. Single CMO Management Committee 19th January 2012 Review of the situation on the EU Beef and Veal Market "Single CMO" Management Committee 19th January 212 Evolution EU production HEADS EU 15 EU 25 EU 27 + 15 % + 15 % Jan-Oct 11/1 EU 1 EU 2-2,9% -2,7%

More information

Livestock Risk Protection Insurance for Stocker Operations

Livestock Risk Protection Insurance for Stocker Operations Livestock Risk Protection Insurance for Stocker Operations Tammy L. McKinley Extension Specialist Agricultural Economics Acknowledgements Original presentation by Dr. Walt Prevatt, Auburn University Special

More information

Grain Stocks Estimates: Can Anything Explain the Market Surprises of Recent Years? Scott H. Irwin

Grain Stocks Estimates: Can Anything Explain the Market Surprises of Recent Years? Scott H. Irwin Grain Stocks Estimates: Can Anything Explain the Market Surprises of Recent Years? Scott H. Irwin http://nationalhogfarmer.com/weekly-preview/1004-corn-controversies-hog-market http://online.wsj.com/news/articles/sb10001424052970203752604576641561657796544

More information

Hedging Milk with BFP Futures and Options

Hedging Milk with BFP Futures and Options Curriculum Guide I. Goals and Objectives A. Gain an understanding of milk price seasonality. B. earn about basis and how to track it over time. C. earn how to hedge future milk sales with BFP futures and

More information

AGRICULTURAL PRODUCTS. Introduction to Hedging with Dairy Futures and Options

AGRICULTURAL PRODUCTS. Introduction to Hedging with Dairy Futures and Options AGRICULTURAL PRODUCTS Introduction to Hedging with Dairy Futures and Options TABLE OF CONTENTS 1. INTRODUCTION 1 2. WHAT ARE DAIRY FUTURES AND OPTIONS? 3 3. FINANCIAL INTEGRITY OF THE DAIRY FUTURES MARKET

More information

Livestock Risk Protection Insurance: How Does It Work

Livestock Risk Protection Insurance: How Does It Work Livestock Risk Protection Insurance: How Does It Work James Mintert, Ph.D. Professor & Extension State Leader Department of Agricultural Economics Kansas State University www.agmanager.info/livestock/marketing

More information

Craig Thomas MSU-Extension Educator Dairy Farm Business Management and Milk Marketing

Craig Thomas MSU-Extension Educator Dairy Farm Business Management and Milk Marketing Livestock Gross Margin Insurance for Dairy Craig Thomas MSU-Extension Educator Dairy Farm Business Management and Milk Marketing Livestock Gross Margin Insurance for Dairy (LGM-Dairy) is a subsidized insurance

More information

Commodity products. Self-Study Guide to Hedging with Livestock Futures and Options

Commodity products. Self-Study Guide to Hedging with Livestock Futures and Options Commodity products Self-Study Guide to Hedging with Livestock Futures and Options In a world of increasing volatility, CME Group is where the world comes to manage risk across all major asset classes interest

More information

Commodity Price Outlook & Risks

Commodity Price Outlook & Risks Commodity Outlook & Risks Research Department, Commodities Team January, 2 www.imf.org/commodities commodities@imf.org This monthly report presents a price outlook and risk assessment for selected commodities

More information

LGM-Dairy: A New Risk Management Tool for California Dairies

LGM-Dairy: A New Risk Management Tool for California Dairies LGM-Dairy: A New Risk Management Tool for California Dairies Brian W. Gould Associate Professor Department of Agricultural and Applied Economics and University of Wisconsin Extension University of Wisconsin-Madison

More information

Energy Savings from Business Energy Feedback

Energy Savings from Business Energy Feedback Energy Savings from Business Energy Feedback Behavior, Energy, and Climate Change Conference 2015 October 21, 2015 Jim Stewart, Ph.D. INTRODUCTION 2 Study Background Xcel Energy runs the Business Energy

More information

New Era Marketing 2015

New Era Marketing 2015 Know how. Know now. New Era Marketing 2015 It s Not A Game Anymore Using Seasonal Trends to improve returns University of Nebraska Lincoln Know how. Know now. Know how. Know now. The image cannot be displayed.

More information

Using INZight for Time series analysis. A step-by-step guide.

Using INZight for Time series analysis. A step-by-step guide. Using INZight for Time series analysis. A step-by-step guide. inzight can be downloaded from http://www.stat.auckland.ac.nz/~wild/inzight/index.html Step 1 Click on START_iNZightVIT.bat. Step 2 Click on

More information

A Comparison of the Effectiveness of Using Futures, Options, LRP Insurance, or AGR-Lite Insurance to Manage Risk kfor Cow-calf Producers

A Comparison of the Effectiveness of Using Futures, Options, LRP Insurance, or AGR-Lite Insurance to Manage Risk kfor Cow-calf Producers A Comparison of the Effectiveness of Using Futures, Options, LRP Insurance, or AGR-Lite Insurance to Manage Risk kfor Cow-calf Producers by Dillon M. Feuz Suggested citation format: Feuz, D. M. 2009. A

More information

Strawberry Industry Overview and Outlook. Feng Wu Research Associate Gulf Coast Research and Education Center University of Florida fengwu@ufl.

Strawberry Industry Overview and Outlook. Feng Wu Research Associate Gulf Coast Research and Education Center University of Florida fengwu@ufl. Strawberry Industry Overview and Outlook Feng Wu Research Associate Gulf Coast Research and Education Center University of Florida fengwu@ufl.edu Zhengfei Guan Assistant Professor Gulf Coast Research and

More information

CAFIS REPORT 2015.10

CAFIS REPORT 2015.10 CAFIS REPORT 2015.10 INDEX Message CAFIS Inbound 03-06 07-08 CAFIS Arch 09-10 CAFIS Brain 11-12 CAFIS Global 13-14 What We Do 15-16 About CAFIS 17-18 Services for Member Stores 19-34 Services for Card

More information

Stocker Grazing or Grow Yard Feeder Cattle Profit Projection Calculator Users Manual and Definitions

Stocker Grazing or Grow Yard Feeder Cattle Profit Projection Calculator Users Manual and Definitions Stocker Grazing or Grow Yard Feeder Cattle Profit Projection Calculator Users Manual and Definitions The purpose of this decision aid is to help facilitate the organization of stocker or feeder cattle

More information

Need to know finance

Need to know finance Need to know finance You can t hide from it Every decision has financial implications Estimating sales and cost of sales (aka direct costs) Gross Profit and Gross Profit Margin (GPM) Sales cost of sales

More information

Hedging Strategies Using

Hedging Strategies Using Chapter 4 Hedging Strategies Using Futures and Options 4.1 Basic Strategies Using Futures While the use of short and long hedges can reduce (or eliminate in some cases - as below) both downside and upside

More information

Choosing a Cell Phone Plan-Verizon

Choosing a Cell Phone Plan-Verizon Choosing a Cell Phone Plan-Verizon Investigating Linear Equations I n 2008, Verizon offered the following cell phone plans to consumers. (Source: www.verizon.com) Verizon: Nationwide Basic Monthly Anytime

More information

Mexican Beef and Cattle Production and Trade: Current Situation and Implications for Coming Years

Mexican Beef and Cattle Production and Trade: Current Situation and Implications for Coming Years Mexican Beef and Cattle Production and Trade: Current Situation and Implications for Coming Years Derrell S. Peel Breedlove Professor of Agribusiness Oklahoma State University Evolution of U.S.-Mexican

More information

Accident & Emergency Department Clinical Quality Indicators

Accident & Emergency Department Clinical Quality Indicators Overview This dashboard presents our performance in the new A&E clinical quality indicators. These 8 indicators will allow you to see the quality of care being delivered by our A&E department, and reflect

More information

Infographics in the Classroom: Using Data Visualization to Engage in Scientific Practices

Infographics in the Classroom: Using Data Visualization to Engage in Scientific Practices Infographics in the Classroom: Using Data Visualization to Engage in Scientific Practices Activity 4: Graphing and Interpreting Data In Activity 4, the class will compare different ways to graph the exact

More information

Moove Over: Will New Government-Sponsored Dairy Margin Insurance Crowd Out Private Market Risk Management Tools?

Moove Over: Will New Government-Sponsored Dairy Margin Insurance Crowd Out Private Market Risk Management Tools? Moove Over: Will New Government-Sponsored Dairy Margin Insurance Crowd Out Private Market Risk Management Tools? Christopher A. Wolf, Marin Bozic, John Newton, and Cameron S. Thraen AAEA Crop Insurance

More information

2016 Examina on dates

2016 Examina on dates Please note the following informa on: The following exams are available throughout the year: Please click on the exam for which you wish to see the dates. When you have finished, you can select to return

More information

FORECASTING. Operations Management

FORECASTING. Operations Management 2013 FORECASTING Brad Fink CIT 492 Operations Management Executive Summary Woodlawn hospital needs to forecast type A blood so there is no shortage for the week of 12 October, to correctly forecast, a

More information

2015 Examination dates

2015 Examination dates Please note the following information: The following exams are available throughout the year: BULATS Paper-based: Please click on the exam for which you wish to see the dates. When you have finished, you

More information

Reacting to the Challenges: Business Strategies for Future Success. Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska

Reacting to the Challenges: Business Strategies for Future Success. Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska Reacting to the Challenges: Business Strategies for Future Success Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska Adams Bank & Trust Family Owned for 95 Years $525 Million

More information

Impacts of Government Jobs in Lake County Oregon

Impacts of Government Jobs in Lake County Oregon Impacts of Government Jobs in Lake County Oregon April 2011 Prepared by Betty Riley, Executive Director South Central Oregon Economic Development District Annual Average Pay Based on Oregon Labor Market

More information

Comparing share-price performance of a stock

Comparing share-price performance of a stock Comparing share-price performance of a stock A How-to write-up by Pamela Peterson Drake Analysis of relative stock performance is challenging because stocks trade at different prices, indices are calculated

More information

Computing & Telecommunications Services Monthly Report March 2015

Computing & Telecommunications Services Monthly Report March 2015 March 215 Monthly Report Computing & Telecommunications Services Monthly Report March 215 CaTS Help Desk (937) 775-4827 1-888-775-4827 25 Library Annex helpdesk@wright.edu www.wright.edu/cats/ Last Modified

More information

Independent Accountants Report on Applying Agreed-Upon Procedures

Independent Accountants Report on Applying Agreed-Upon Procedures Independent Accountants Report on Applying Agreed-Upon Procedures Board of Trustees We have performed the procedures, as discussed below, with respect to the employer contributions remitted by to the in

More information

2015-16 BCOE Payroll Calendar. Monday Tuesday Wednesday Thursday Friday Jun 29 30 Jul 1 2 3. Full Force Calc

2015-16 BCOE Payroll Calendar. Monday Tuesday Wednesday Thursday Friday Jun 29 30 Jul 1 2 3. Full Force Calc July 2015 CM Period 1501075 July 2015 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 August 2015 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

More information

LIVESTOCK GROSS MARGIN FOR DAIRY CATTLE INSURANCE POLICY QUESTIONS AND ANSWERS

LIVESTOCK GROSS MARGIN FOR DAIRY CATTLE INSURANCE POLICY QUESTIONS AND ANSWERS LIVESTOCK GROSS MARGIN FOR DAIRY CATTLE INSURANCE POLICY QUESTIONS AND ANSWERS 1. Q: What is the Livestock Gross Margin for Dairy Cattle Insurance Policy? A: The Livestock Gross Margin for Dairy Cattle

More information

April Gross Receipts Show Impact of Low Oil and Gas Prices

April Gross Receipts Show Impact of Low Oil and Gas Prices OKLAHOMA STATE TREASURER KEN MILLER For Immediate Release: May 5, 2015 April Gross Receipts Show Impact of Low Oil and Gas Prices OKLAHOMA CITY Oklahoma s April Gross Receipts to the Treasury report shows

More information

ESTIMATING GROSS MARGINS IN MEAT PACKING FOR BEEF, PORK, AND LAMB. Eric L. Sweatt, Derrell N. Peel, and Clement E. Ward *

ESTIMATING GROSS MARGINS IN MEAT PACKING FOR BEEF, PORK, AND LAMB. Eric L. Sweatt, Derrell N. Peel, and Clement E. Ward * ESTIMATING GROSS MARGINS IN MEAT PACKING FOR BEEF, PORK, AND LAMB Eric L. Sweatt, Derrell N. Peel, and Clement E. Ward * September 1996 * Graduate Research Assistant, Associate Professor and Extension

More information

Detailed guidance for employers

Detailed guidance for employers April 2015 3 Detailed guidance for employers Appendix A: Pay reference periods This document accompanies: Detailed guidance no. 3 Assessing the workforce Pay reference period calendars where the definition

More information

Beef Cattle Frame Scores

Beef Cattle Frame Scores Beef Cattle Frame Scores AS-1091, May 1995 John Dhuyvetter, Area Livestock Specialist Frame scores are an objective, numerical description of cattle skeletal size which reflect the growth pattern and potential

More information

Live, In-the-Beef, or Formula: Is there a Best Method for Selling Fed Cattle?

Live, In-the-Beef, or Formula: Is there a Best Method for Selling Fed Cattle? Live, In-the-Beef, or Formula: Is there a Best Method for Selling Fed Cattle? Dillon M. Feuz Presented at Western Agricultural Economics Association 1997 Annual Meeting July 13-16, 1997 Reno/Sparks, Nevada

More information

Employers Compliance with the Health Insurance Act Annual Report 2015

Employers Compliance with the Health Insurance Act Annual Report 2015 Employers Compliance with the Health Insurance Act Annual Report 2015 ea Health Council Health Council: Employers Compliance with the Health Insurance Act 1970 Annual Report 2015 Contact us: If you would

More information

P/T 2B: 2 nd Half of Term (8 weeks) Start: 25-AUG-2014 End: 19-OCT-2014 Start: 20-OCT-2014 End: 14-DEC-2014

P/T 2B: 2 nd Half of Term (8 weeks) Start: 25-AUG-2014 End: 19-OCT-2014 Start: 20-OCT-2014 End: 14-DEC-2014 2014-2015 SPECIAL TERM ACADEMIC CALENDAR FOR SCRANTON EDUCATION ONLINE (SEOL), MBA ONLINE, HUMAN RESOURCES ONLINE, NURSE ANESTHESIA and ERP PROGRAMS SPECIAL FALL 2014 TERM Key: P/T = Part of Term P/T Description

More information

P/T 2B: 2 nd Half of Term (8 weeks) Start: 26-AUG-2013 End: 20-OCT-2013 Start: 21-OCT-2013 End: 15-DEC-2013

P/T 2B: 2 nd Half of Term (8 weeks) Start: 26-AUG-2013 End: 20-OCT-2013 Start: 21-OCT-2013 End: 15-DEC-2013 2013-2014 SPECIAL TERM ACADEMIC CALENDAR FOR SCRANTON EDUCATION ONLINE (SEOL), MBA ONLINE, HUMAN RESOURCES ONLINE, NURSE ANESTHESIA and ERP PROGRAMS SPECIAL FALL 2013 TERM Key: P/T = Part of Term P/T Description

More information

CALL VOLUME FORECASTING FOR SERVICE DESKS

CALL VOLUME FORECASTING FOR SERVICE DESKS CALL VOLUME FORECASTING FOR SERVICE DESKS Krishna Murthy Dasari Satyam Computer Services Ltd. This paper discusses the practical role of forecasting for Service Desk call volumes. Although there are many

More information

P/T 2B: 2 nd Half of Term (8 weeks) Start: 24-AUG-2015 End: 18-OCT-2015 Start: 19-OCT-2015 End: 13-DEC-2015

P/T 2B: 2 nd Half of Term (8 weeks) Start: 24-AUG-2015 End: 18-OCT-2015 Start: 19-OCT-2015 End: 13-DEC-2015 2015-2016 SPECIAL TERM ACADEMIC CALENDAR For Scranton Education Online (SEOL), Masters of Business Administration Online, Masters of Accountancy Online, Health Administration Online, Health Informatics

More information

Department of Public Welfare (DPW)

Department of Public Welfare (DPW) Department of Public Welfare (DPW) Office of Income Maintenance Electronic Benefits Transfer Card Risk Management Report Out-of-State Residency Review FISCAL YEAR 2012-2013 June 2013 (March, April and

More information

The Main Page of RE STATS will provide the range of data at the very top of the page.

The Main Page of RE STATS will provide the range of data at the very top of the page. RE STATS Navigator can be accessed from Tempo under the Financials Tab at the top. It will be your bottom option under the drop down menu. The Main Page of RE STATS will provide the range of data at the

More information

Funding for Health IT and Telehealth Workshop April 8, 2015 Harrisburg, Pennsylvania

Funding for Health IT and Telehealth Workshop April 8, 2015 Harrisburg, Pennsylvania Funding for and Telehealth Workshop April 8, 2015 Harrisburg, Pennsylvania Leila Samy, MPH Rural Health and Veteran Health Office of the National Coordinator US Department of Health and Human Services

More information

Based on Chapter 11, Excel 2007 Dashboards & Reports (Alexander) and Create Dynamic Charts in Microsoft Office Excel 2007 and Beyond (Scheck)

Based on Chapter 11, Excel 2007 Dashboards & Reports (Alexander) and Create Dynamic Charts in Microsoft Office Excel 2007 and Beyond (Scheck) Reporting Results: Part 2 Based on Chapter 11, Excel 2007 Dashboards & Reports (Alexander) and Create Dynamic Charts in Microsoft Office Excel 2007 and Beyond (Scheck) Bullet Graph (pp. 200 205, Alexander,

More information

Media Planning. Marketing Communications 2002

Media Planning. Marketing Communications 2002 Media Planning Marketing Communications 2002 Media Terminology Media Planning - A series of decisions involving the delivery of messages to audiences. Media Objectives - Goals to be attained by the media

More information

Understanding New Generation Grain Contracts November, 2005

Understanding New Generation Grain Contracts November, 2005 Understanding New Generation Grain Contracts November, 2005 Developed by: Steven D. Johnson, Ph.D. Farm & Ag Business Management Field Specialist Introduction Grain marketing and related cash and futures

More information

Financial Planning. Preparing Financial Budgets to support your Development Plan

Financial Planning. Preparing Financial Budgets to support your Development Plan Introduction Financial Planning Preparing Financial Budgets to support your Development Plan Welcome to Oxfordshire Early Years Development & Childcare Partnership s electronic financial planning tool.

More information

The Changing Relationship Between the Price of Crude Oil and the Price At the Pump

The Changing Relationship Between the Price of Crude Oil and the Price At the Pump In 2007, what goes up, does not necessarily come down... May 3, 2007 The Changing Relationship Between the Price of Crude Oil and the Price At the Pump Prepared by: Tim Hamilton Petroleum Industry Consultant

More information

Analyzing price seasonality

Analyzing price seasonality Analyzing price seasonality Asfaw Negassa and Shahidur Rashid Presented at the COMESA policy seminar Food price variability: Causes, consequences, and policy options" on 25-26 January 2010 in Maputo, Mozambique

More information

TOC INDEX. Breakeven Analysis for Feeder Cattle. Alberta Agriculture Market Specialists. Introduction. Why Breakevens?

TOC INDEX. Breakeven Analysis for Feeder Cattle. Alberta Agriculture Market Specialists. Introduction. Why Breakevens? TOC INDEX Feeder Associations of Alberta Ltd. Breakeven Analysis for Feeder Cattle Alberta Agriculture Market Specialists Introduction Breakevens are specialized partial budgets used to evaluate feeder

More information

A Resource for Free-standing Mathematics Units. Data Sheet 1

A Resource for Free-standing Mathematics Units. Data Sheet 1 Data Sheet 1 Regular Expenses Item Estimate of Cost When Petrol/Diesel 10p per mile As needed Oil 12 for can of oil and filter Once or twice per year Air Filter 10 Once a year MOT 25-30 (excluding repairs)

More information

Grid Base Prices and Premiums-Discounts Over Time

Grid Base Prices and Premiums-Discounts Over Time Managing for Today s Cattle Market and Beyond March 2002 Grid Base Prices and Premiums-Discounts Over Time By Clement E. Ward, Oklahoma State University Ted C. Schroeder, Kansas State University Dillon

More information

cow-calf Risk Management Using Put Options and Futures

cow-calf Risk Management Using Put Options and Futures May 2 AG/Agribusiness/2-pr A Comparison of the Effectiveness of Using Futures, Options, or LRP Insurance to Manage Risk for Cow-calf Producers Dillon M. Feuz Utah State University Introduction Historically

More information

PROJECTS SCHEDULING AND COST CONTROLS

PROJECTS SCHEDULING AND COST CONTROLS Professional Development Day September 27th, 2014 PROJECTS SCHEDULING AND COST CONTROLS Why do we need to Control Time and Cost? Plans are nothing; Planning is everything. Dwight D. Eisenhower Back to

More information

Financial Statement Consolidation

Financial Statement Consolidation Financial Statement Consolidation We will consolidate the previously completed worksheets in this financial plan. In order to complete this section of the plan, you must have already completed all of the

More information

Losses due to animal strikes

Losses due to animal strikes Bulletin Vol. 31, No. 3 : April 2014 Losses due to animal strikes Animal strike claims typically rise dramatically in the fall, peaking in November. This analysis of claims from 2006 through 2013 shows

More information

Coffee year 2014/15 ends with prices at 20-month low

Coffee year 2014/15 ends with prices at 20-month low Coffee year 2014/15 ends with prices at 20-month low The coffee market slumped further in September, following a slight rally in August, with the weakness of the real and peso again proving the most influential

More information

Potato Stocks. Potato Stocks Down 9 Percent From January 2008

Potato Stocks. Potato Stocks Down 9 Percent From January 2008 Washington, D.C. Potato Released uary, 00, by the National Agricultural Statistics Service (NASS),, U.S. Department of Agriculture. For information on Potato call Faye Propsom at (0) 0-, office hours :00

More information

www.pwc.com/bigdecisions Are you prepared to make the decisions that matter most? Decision making in manufacturing

www.pwc.com/bigdecisions Are you prepared to make the decisions that matter most? Decision making in manufacturing www.pwc.com/bigdecisions Are you prepared to make the decisions that matter most? Decision making in manufacturing Results from PwC s Global Data & Analytics Survey 2014 manufacturing Raw material supply

More information

Challenging economies and major fluctuations in demand require changes in commodity management

Challenging economies and major fluctuations in demand require changes in commodity management Supply Management Raw Material Sourcing Strategies Are Critical to Revenue and Profit Margins by Mickey North Rizza April 2010 Challenging economies and major fluctuations in demand require changes in

More information

Money 2000. Using power payments to pay off debt. and Beyond

Money 2000. Using power payments to pay off debt. and Beyond Money 2000 B3709-4 and Beyond Using power to pay off debt When you enrolled in Money 2000 and Beyond, your goal may have been to reduce debt. Writing down your debt reduction goal was just the first step.

More information

Property Tax Due Dates & Appeal Deadlines

Property Tax Due Dates & Appeal Deadlines Property Tax Due Dates & Appeal Deadlines Date State/Locality Type Event Feb Alaska, Anchorage RE Appeal Deadline - 30 days after value notices are issued Feb 28 Colorado RE Tax Bills Due - 1st half installment.

More information

Natural Breeding vs. Artificial Insemination: A Cost Comparison Analysis. By Patrick Jacobsen

Natural Breeding vs. Artificial Insemination: A Cost Comparison Analysis. By Patrick Jacobsen Natural Breeding vs. Artificial Insemination: A Cost Comparison Analysis By Patrick Jacobsen Table of Contents Introduction Problem Study Assumptions Natural Breeding Costs Artificial Insemination Costs

More information

Proposal to Reduce Opening Hours at the Revenues & Benefits Coventry Call Centre

Proposal to Reduce Opening Hours at the Revenues & Benefits Coventry Call Centre Proposal to Reduce Opening Hours at the Revenues & Benefits Coventry Call Centre Proposal To change the opening hours of the Revenues & Benefits Call Centre to 9am until 5pm Monday to Friday with effect

More information

Financial Operating Procedure: Budget Monitoring

Financial Operating Procedure: Budget Monitoring Financial Operating Procedure: Budget Monitoring Original Created: Jan 2010 Last Updated: Jan 2010 1 Index 1 Scope of Procedure...3 2 Aim of Procedure...3 3 Roles & Responsibilities...3 Appendix A Timetable...7

More information

Architectural Services Data Summary March 2011

Architectural Services Data Summary March 2011 Firms Typically Small in Size According to the latest U.S. Census Survey of Business Owners, majority of the firms under the description Architectural Services are less than 500 in staff size (99.78%).

More information

Program on Dairy Markets and Policy Briefing Paper Series

Program on Dairy Markets and Policy Briefing Paper Series Program on Dairy Markets and Policy Briefing Paper Series Comparing the Prices of Milk Across the Dairy Value Chain Briefing Paper 12 06 June 2012 Andrew M. Novakovic Introduction Since the 1990s, about

More information