Factors Affecting the Selling Price of Feeder Cattle Sold at Arkansas Livestock Auctions

Size: px
Start display at page:

Download "Factors Affecting the Selling Price of Feeder Cattle Sold at Arkansas Livestock Auctions"

Transcription

1 Factors Affecting the Selling Price of Feeder Cattle Sold at Arkansas Livestock Auctions T. R. Troxel, M. S. Gadberry, S. Cline, J. Foley, G. Ford, D. Urell, and R. Wiedower 1 Story in Brief Data were collected from 17 Arkansas livestock auctions to determine factors affecting selling price. Data included gender, breed or breed type, color, muscle thickness, horn status, frame score, fill, body condition, age, health, and weight. Data were randomly collected on 81,703 calves. The selling prices for steers ($99.70 ± 0.07), bulls ($95.07 ± 0.08), and heifers ($88.75 ± 0.06) were different from each other (P < 0.001). Charolais x Limousin feeder cattle sold for the highest price ($97.96 ± 0.22), and Longhorns sold for the lowest price ($74.52 ± 0.46). Hereford x Charolais, Hereford x Brahman x Angus, Charolais, and Angus x Brahman feeder cattle selling prices were greater than the overall mean and were not different from each other. One-quarter Brahman x other crosses, Simmental, Hereford, Brahman and Longhorn selling prices were less than the overall mean and were different (P < 0.01) from each other and all other breeds or breed types. Yellow feeder cattle received the highest selling price ($96.47 ± 0.12), and spotted or striped feeder cattle received the lowest ($83.84 ± 0.23). Muscle score, horn status, frame score, fill and body condition impacted selling price (P < 0.001). A number of management and genetic factors affected the selling price of feeder cattle. Introduction Cow-calf producers are challenged to produce feeder calves that are acceptable to the industry. When buyers at a livestock auction view feeder calves, they must appraise individual characteristics (muscle thickness, frame score, breed composition, etc.) as predictors of quality and animal performance and adjust their bids accordingly. Many of these factors such as breed or breed type are very subjective. Therefore, many cow-calf producers believe that feeder cattle are priced inconsistently. Producers do not understand why some phenotypic characteristics are discounted and others are not. Most feeder calf market reports list the selling prices of steers and heifers by weight groups, and frame and muscle score. Other reports have indicated that breed or breed type, health, gender, frame and muscle scores, and other noticeable factors do affect feeder calf selling price (Brown and Morgan, 1998; Neel et al., 1998). Therefore, the objective was to determine the factors that affect the selling price of feeder cattle in Arkansas weekly livestock auctions. Experimental Procedures Five USDA certified livestock market reporters collected data from 17 weekly livestock auctions in Arkansas from January 1, 2000 to December 31, The livestock auctions were located in Ash Flat, Charlotte, Conway, Fort Smith, Glenwood, Green Forest, Harrison, Hope, Marshall, Morrilton, Nashville, Ola, Ozark, Pocahontas, Ratcliff, Springdale and Texarkana. The data collected included calf gender (bull, steer, or heifer), breed or breed type, color, muscle thickness, horn status (polled (dehorned) or horned), frame score (large, medium, or small), fill (gaunt, shrunk, average, full or tanked), condition (very thin, thin, average, fleshy, or fat), age (calf or yearling), health (dead hair, stale, sick, bad eye(s), lame, or healthy), and weight. In 2000, a total of 533,283 feeder cattle were sold through these livestock auctions, and data was randomly collected (every 6th to 7th calf) on 81,703 animals (15.3%). Frame and muscle scores were determined based on the U.S. Standards for Grades of Feeder Cattle (USDA, 2000). On October 1, 2000, USDA changed the scoring system for estimating muscle thickness. When comparing the 1980 (USDA, 1980) muscle score system (1, 2, and 3) to the 2000 muscle score system (1, 2, 3, and 4), the top two thirds of the 1980 No. 1 s became the 2000 No. 1 s. The lower third of the 1980 No. 1 s and the upper one-third of the No. 2 s became the 2000 No. 2 s. The bottom two thirds of the 1980 No. 2 s became the 2000 No. 3 s and the s became the 2000 No. 4 s. Starting on wk 31, muscle score data were reported in thirds of a score (1+, 1, 1-, 2+, 2, 2-, etc.) using the 1980 muscle score system. This was accomplished so that muscle score data could be sorted and analyzed based on either the 1980 or 2000 muscle score system. Data analyses. The percentage of calves within age, gender, breed or breed type, color, horn status, frame score, muscle score (1980 and 2000 muscle score system), fill, condition, weight group and health were determined by the frequency procedure of SAS (SAS Inst., Inc., Cary, NC) for the entire dataset (n = 81,703). Due to the lack of observations, feeder cattle that were not designated as calves or yearlings and those weighing less than 300 lb or greater than 750 lb were not used for statistical analyses. All feeder calves in this study were sold as individuals. The final data set included 56,563 feeder calves. There were 26,449 observations in the analysis for the main effect of 2000 muscle score system on selling price. Due to the unbalanced nature of the data, calf characteristics were analyzed individually as independent variables in which the model included month, weight and nearby feeder cattle futures reported for the fourth workday of the week as covariates. Sale price was the dependent variable. All other variables contributed to the error sum of squares. The analysis of variance was performed with the GLM procedure of SAS. Least-squares means were generated, separated based on predicted differences, and are reported throughout. Since all colors are not represented within each breed or breed type, color and breed or breed type data are somewhat inherently confounded. All selling prices reported are in US dollars/100 lb. 1 University of Arkansas Cooperative Extension Service, Little Rock 132

2 Arkansas Animal Science Department Report 2002 Results and Discussion The mean selling price for all calves in 2000 was $93.69, and all main effects reported were significant sources of variation (P < 0.001). Over 63% of the feeder cattle were classified as calves and 36.6% were classified as yearlings. The selling price of calves ($90.93 ± 0.16) was greater (P < 0.001) than the selling price of yearlings ($85.58 ± 0.19). Selling price varied by month with greater prices recorded in the spring (February, March and April) and lesser prices in the late summer and early fall (August, September and October; P < 0.001; Figure 1.) This seasonal trend followed the 5-, 10- and 20- year average seasonal trend (Cheney and Troxel, 2001). Over 75% of the cattle sold weighed less than 550 lb (Figure 2). As selling weight increased, price per cwt. decreased. Heifers made up 44% of the cattle sold whereas steers and bulls made up 33% and 23%, respectively (Table 1). The selling prices for steers ($99.70 ± 0.07), bulls ($95.07 ± 0.08) and heifers ($88.75 ± 0.06) were all different (P < 0.001). Castration is a common practice to reduce management problems associated with aggressive and sexual behavior associated with commingling bull calves. The prices received for bulls were lower due to the expected reduction in animal performance experienced with these animals subsequent to castration. Table 1 summarizes the percentage of the population sampled and selling price based on muscle score (1980 and 2000) horn status, health status, frame score, body fill and body condition. All factors affected the selling price. Buyers discounted feeder calves that were light muscled, horned, unhealthy, small-framed, appeared to have the potential for excessive shrinkage and over-conditioned. Two hundred and seventy-seven different breeds or breed types were identified in the survey. Eighteen breeds or breed types represented 94.2% of the total feeder cattle. The breed or breed type was based upon common industry perception rather than actually knowing the breed composition. This, however, is what a buyer must do before a bid price can be offered. Table 2 summarizes the number of observation, frame scores, muscle scores, and color percentages of the 18 breeds or breed types. The main effect of cattle breed or breed type on the selling price of feeder cattle was significant (P < 0.001; Table 3). There was a $23.40 difference between the Charolais x Limousin feeder cattle, which sold for the greatest price ($97.96 ± 0.22), and Longhorn feeder cattle, which sold for the least price ($74.52 ± 0.46). Many of the cattle breeds or breed types that had selling prices greater (P < 0.01) than the overall mean ($93.69) were not different from each other (P > 0.10); however, those breeds or breed types that had selling prices less than (P < 0.01) the overall mean were different from each other (P < 0.01). It appeared that buyers were hesitant to bid on feeder cattle where the breed or breed type was not clearly identifiable. The Brahman x other crosses and 1/4 Brahman x other crosses groups consisted of Brahman breeding (1/2 or 1/4) with other breeds or breed types that were less common or indefinable. That may explain why Hereford x Brahman x Angus, Angus x Brahman, and Brangus had greater selling prices than Brahman x other crosses and 1/4 Brahman x other crosses. One hundred and seventy different colors or color combinations were recorded in the survey. Ten colors represented 96.3% of the total population (Table 4). Yellow feeder cattle received the greatest selling price ($96.47 ± 0.12), and spotted or striped feeder cattle received the least selling price ($83.84 ± 0.23). Implications The majority of cow-calf producers in Arkansas sell feeder cattle at local livestock auctions. The major factors affecting selling prices of feeder cattle were calf health, perceived breed or breed type, muscle thickness, frame score, fill, color, body condition, calf gender, and horn status. The combination of all these factors determines the final selling price. Most of the major factors affecting selling price can be addressed through genetic selection and management. Once the impact of these factors are identified and understood, cow-calf producers can make cost effective management changes that can improve feeder calf value and total returns. Literature Cited Brown, D. T., and E. W. Morgan J. Anim. Sci. 76(Suppl. 2)7. Cheney, S., and T. Troxel Arkansas Livestock and Grain Market News Service. University of Arkansas Cooperative Extension Service. Little Rock, AR. Neel, J. B., et al J. Anim. Sci. Vol. 7 (Suppl. 2):7. USDA Agricultural Marketing Service. April AMS-586. USDA Agricultural Marketing Service. October AMS-586. Fig. 1. The mean selling price for year 2000 and the 5-, 10- and 20-yr averages for 400 to 500 lb feeder cattle by month a, b a Main effect of month on selling price (P < ). b All least-squares means for 2000 are different (P < 0.01) except January and May, February and July, May and November, May and December, June and December, and November and December. 133

3 AAES Research Series 499 Fig. 2. The percentage of the sampled population and mean selling price of calves by weight groups a,b,c a Main effect of weight group on selling price (P < ). b Least squares mean (dollars/100 lb). c Due to the lack of the number of observations, these weight groups were excluded from statistical analysis. Table 1. The percentage of the sampled population and mean ± SE selling price due to calf gender, muscle score (1980 and 2000), health, frame score, body condition, horn status and body fill Percentage of Percentage of Item the sampled Selling price Item the sampled Selling price population ($/cwt.) population ($/cwt.) Calf gender: a Frame score: a Bulls 23.0 $95.07 ± 0.08 Large 56.8 $94.34 ± 0.06 Steers 33.0 $99.70 ± 0.07 Medium 42.1 $93.38 ± 0.07 Heifers 44.0 $88.75 ± 0.06 Small 1.1 $74.81 ± Muscle score: a Body condition: a $95.02 ± 0.05 Thin 22.8 $96.03 ± $85.35 ± 0.12 Average 58.9 $93.63 ± $70.51 ± 0.91 Very thin 1.4 $85.94 ± 0.05 Fleshy 15.7 $91.76 ± 0.11 Fat 1.3 $88.94 ± Muscle score: a $92.32 ± $87.60 ± 0.11 Horned status: a $78.92 ± 0.23 Polled/ dehorned 71.1 $94.12 ± $69.67 ± 1.08 Horned 28.9 $92.63 ± 0.08 Health status: Body fill: a Healthy 97.8 $94.12 ± 0.05 b Gaunt 14.2 $97.12 ± 0.11 Dead hair 0.3 $83.37 ± 0.78 c Shrunk 21.4 $95.47 ± 0.10 Stale 1.2 $82.49 ± 0.38 c Average 52.4 $93.26 ± 0.06 Bad eyes 0.2 $81.57 ± 0.87 c Full 11.5 $88.53 ± 0.13 Sick 0.2 $68.27 ± 0.78 d Tanked 0.5 $82.16 ± 0.67 Lame 0.3 $66.67 ± 0.74 d a All least-squares means within an item are different from each other (P < 0.001). b,c,d Least-squares means without a common superscript differ (P < 0.01). 134

4 Arkansas Animal Science Department Report 2002 Table 2. The number of observations (n), frame and muscle score, and color percent of eighteen breed or breed type feeder cattle Breed Frame score Muscle score Color c or n (%) (%) b (%) breed Large Medium Small B G R S W BW GW RW YW Y type a CLm 2, < HC 1, < < HBA 1, < < C 10, < AB 5, < < < 1.0 HLm 3, < < Lm 6, < < AH 3, CBq < A 4, < ABq < AC 1, < Bx 1, < < Bq 9, < < Sm 2, < < H 1, < B Lg a Breed type = A - Angus, AB - Angus x Brahman, ABq - Brangus, AC - Angus x Charolais, AH - Angus x Hereford, B - Brahman, Bq - 1/4 Brahman x other crosses, Bx - Brahman x other crosses, C - Charolais, CBq - Charolais x 1/4 Brahman, CLm - Charolais x Limousin, H - Hereford, HBA - Hereford x Brahman x Angus, HC - Hereford x Charolais, HLm - Hereford x Limousin, Lm - Limousin, Lg - Longhorn, Sm Simmental b 1980 muscle score system (USDA, 1980) c Color = B - black, G - gray, R - red, S - spots or stripes, W - white, BW - black white face, GW- gray white face, RW - red white face, YW - yellow white face, Y Yellow 135

5 AAES Research Series 499 Table 3. The percentage of the sampled population and mean ± SE selling price of feeder calves sold based on breed or breed type a Breed or breed type b Percentage of the sampled population Selling price c CLm 3.9 $97.96 ± 0.22 d HC 2.5 $96.39 ± 0.27 e HBA 2.8 $95.90 ± e, f C 15.7 $95.79 ± 0.10 e, f AB 8.8 $95.63 ± 0.14e, f, g HLm 4.6 $95.54 ± 0.19f, g, h Lm 10.4 $95.21 ± 0.13 g, h AH 5.1 $94.94 ± 0.19 h CBq 2.3 $93.99 ± 0.27 i A 7.2 $93.33 ± 0.16 i Abq 6.1 $93.06 ± 0.14 i, j AC 2.5 $92.87 ± 0.28 i, j Bx 1.6 $92.39 ± 0.28 j Bq 13.1 $91.75 ± 0.12 k Sm 2.8 $89.69 ± 0.24 l H 2.6 $83.37 ± 0.26 m B 1.3 $80.94 ± 0.37 n Lg 0.9 $74.52 ± 0.46 o a Main effect of breed or breed type on selling price (P < ). b Breed type = A - Angus, AB - Angus x Brahman, ABq - Brangus, AC - Angus x Charolais, AH - Angus x Hereford, B - Brahman, Bq - 1/4 Brahman x other crosses, Bx - Brahman x other crosses, C - Charolais, CBq - Charolais x 1/4 Brahman, CLm - Charolais x Limousin, H - Hereford, HBA - Hereford x Brahman x Angus, HC - Hereford x Charolais, HLm - Hereford x Limousin, Lm - Limousin, Lg - Longhorn, Sm - Simmental. c Least-squares mean ± SE (dollars/100 lb). d, e,f, g,.o Least-squares means without a common superscript differ (P < 0.01). Table 4. The percentage of the sampled population and the mean ± SE selling price of feeder calves sold based on calf color a Calf color Percentage of the Selling price b sampled population Yellow 12.1 $96.47 ± 0.12 c Yellow-white Face 5.6 $95.65 ± 0.19 d Black-white Face 9.3 $95.23 ± 0.14 d,e White 7.9 $94.93 ± 0.15 e Black 24.8 $94.29 ± 0.09 f Red 15.7 $92.74 ± 0.11 g Gray 5.0 $91.85 ± 0.18 h Red-white Face 11.5 $91.81 ± 0.12 h,i Gray-white Face 1.3 $91.73 ± 0.37 i Spots or Stripes 3.1 $83.84 ± 0.23 j a Main effect of calf color on selling price (P < ). b Least-squares mean + SE (dollars/100 lb). c, d, e,.., j Least-squares means without a common superscript differ (P < 0.01). 136

Beef Cattle Breeds and Biological Types Scott P. Greiner, Extension Animal Scientist, Virginia Tech

Beef Cattle Breeds and Biological Types Scott P. Greiner, Extension Animal Scientist, Virginia Tech publication 400-803 Beef Cattle Breeds and Biological Types Scott P. Greiner, Extension Animal Scientist, Virginia Tech Worldwide there are more than 250 breeds of beef cattle. Over 60 of these breeds

More information

Cattleman s Top Cut Sale Mid-Tex Livestock Auction, Navasota, Texas November 12, 2011 * 12:00 Noon

Cattleman s Top Cut Sale Mid-Tex Livestock Auction, Navasota, Texas November 12, 2011 * 12:00 Noon Cattleman s Top Cut Sale Mid-Tex Livestock Auction, Navasota, Texas November 12, 2011 * 12:00 Noon 1. 22-ABBA Golden Certified Brahman X Hereford heifers selling 6-7 months bred to Low Birth Weight Angus

More information

Mean EPDs reported by different breeds

Mean EPDs reported by different breeds Mean EPDs reported by different breeds Larry A. Kuehn and R. Mark Thallman Roman L. Hruska U.S. Meat Animal Research Center, USDA-ARS, Clay Center, NE 68933 Expected progeny differences (EPDs) have been

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

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

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

Relationship between weight at puberty and mature weight in beef cattle

Relationship between weight at puberty and mature weight in beef cattle Relationship between weight at puberty and mature weight in beef cattle M.P. Davis and R.P. Wettemann STORY IN BRIEF The relationship between weight at puberty and mature weight was evaluated in Angus

More information

Inheritance of Color And The Polled Trait Dr. R. R. Schalles, Dept. of Animal Sciences and Industry Kansas State University

Inheritance of Color And The Polled Trait Dr. R. R. Schalles, Dept. of Animal Sciences and Industry Kansas State University Inheritance of Color And The Polled Trait Dr. R. R. Schalles, Dept. of Animal Sciences and Industry Kansas State University Introduction All functions of an animal are controlled by the enzymes (and other

More information

BREEDING SOUNDNESS EVALUATION OF BULLS

BREEDING SOUNDNESS EVALUATION OF BULLS Proceedings, Applied Reproductive Strategies in Beef Cattle November 12 and 13, 2005, Texas A&M University, College Station BREEDING SOUNDNESS EVALUATION OF BULLS Derry Magee Clinical Associate Professor

More information

Replacement Heifers Costs and Return Calculation Decision Aids

Replacement Heifers Costs and Return Calculation Decision Aids Replacement Heifers Costs and Return Calculation Decision Aids The purpose of these replacement heifer cost decision aids is to calculate total production costs and return on investment (ROI) to evaluate

More information

FEEDLOT MANAGEMENT Matching Cattle Type and Feedlot Performance

FEEDLOT MANAGEMENT Matching Cattle Type and Feedlot Performance Beef Cattle FEEDLOT MANAGEMENT Matching Cattle Type and Feedlot Performance Pete Anderson, Extension Beef Cattle Specialist University of Minnesota INTRODUCTION Correct projection of breakeven prices is

More information

How To Feed Cows In The Winter

How To Feed Cows In The Winter A l a s k a L i v e s t o c k S e r i e s Winter Feeding Programs For Beef Cattle and Calves LPM-00741 Before making management and feeding decisions about beef cattle and calves, consider the following

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

Replacement Heifers Costs and Return on Investment Calculation Decision Aids

Replacement Heifers Costs and Return on Investment Calculation Decision Aids Replacement Heifers Costs and Return on Investment Calculation Decision Aids The purpose of this replacement heifer cost decision aid is to calculate total production costs and return on investment (ROI)

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

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

Beef Cattle Feed Efficiency. Dan Shike University of Illinois

Beef Cattle Feed Efficiency. Dan Shike University of Illinois Beef Cattle Feed Efficiency Dan Shike University of Illinois Outline Introduction Definitions of feed efficiency Feedlot closeout data Challenges we face New technology Cow efficiency Summary Why all the

More information

REPRODUCTION AND BREEDING Crossbreeding Systems for Beef Cattle

REPRODUCTION AND BREEDING Crossbreeding Systems for Beef Cattle Beef Cattle REPRODUCTION AND BREEDING Crossbreeding Systems for Beef Cattle Pete Anderson University of Minnesota Beef Team It has been well documented that crossbreeding improves performance of beef cattle.

More information

Texas Show Steer Breed Classification

Texas Show Steer Breed Classification Texas Show Steer Breed Classification Jason Cleere, Extension Beef Cattle Specialist J.D. Ragland, Extension Agent-Randall County E. L. Schneider, Extension Agent-Robertson County Stephen Hammack, Extension

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

SHOW STEER SELECTION. Darrell Rothlisberger Rich County Agent Utah State University Extension

SHOW STEER SELECTION. Darrell Rothlisberger Rich County Agent Utah State University Extension September 2005 (pr) A6/4HLivestock/2005-06 SHOW STEER SELECTION Darrell Rothlisberger Rich County Agent Utah State University Extension BREEDS OF CATTLE There are many breeds of cattle. Listed on this

More information

Beef Cattle. Production MP184 DIVISION OF AGRICULTURE R E S E A R C H & E X T E N S I O N

Beef Cattle. Production MP184 DIVISION OF AGRICULTURE R E S E A R C H & E X T E N S I O N MP184 Beef Cattle Production DIVISION OF AGRICULTURE R E S E A R C H & E X T E N S I O N University of Arkansas System University of Arkansas, United States Department of Agriculture, and County Governments

More information

Livestock Risk Protection

Livestock Risk Protection E-335 RM4-12.0 10-08 Risk Management Livestock Risk Protection Livestock Risk Protection (LRP) insurance is a single-peril insurance program offered by the Risk Management Agency (RMA) of USDA through

More information

Premium Interface Component

Premium Interface Component Premium Interface Component User s Reference International Brangus Breeders Association Introduction Midwest MicroSystems recognizes and applauds the leadership of the International Brangus Breeders Association

More information

Economics of Estrus Synchronization and Artificial Insemination. Dr. Les Anderson and Paul Deaton University of Kentucky

Economics of Estrus Synchronization and Artificial Insemination. Dr. Les Anderson and Paul Deaton University of Kentucky Economics of Estrus Synchronization and Artificial Insemination Dr. Les Anderson and Paul Deaton University of Kentucky Introduction Few beef producers would disagree that the genetic potential available

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

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

2016 Beef Information Sheet

2016 Beef Information Sheet 2016 Beef Information Sheet Prepared by the 4 H State Fair Beef Show Committee and the Center for Youth Development This information sheet gives details on the rules for this year s Minnesota State Fair

More information

Animal Birth Registration

Animal Birth Registration Worksheet 2 Animal Birth Registration All calves must be tagged within 20 days of birth. Within 7 days of tagging all calf births must be registered with the Cattle Movement Monitoring System (CMMS). The

More information

IOWA STATE FAIR * AUGUST 11-21, 2016 * FFA BEEF CATTLE

IOWA STATE FAIR * AUGUST 11-21, 2016 * FFA BEEF CATTLE FFA BEEF CATTLE DEPARTMENT Supervisors of Breeding Beef - Bridget Mahoney, Lone Tree; Lindsey Schanbacher, Montezuma; Steven Eskildsen, Emmetsburg Supervisors of Performance Beef - Dana Weeda, Denison;

More information

Impact of Cash Settlement on Feeder Cattle Basis

Impact of Cash Settlement on Feeder Cattle Basis Impact of Cash Settlement on Feeder Cattle Basis David Kenyon, Bruce Bainbridge, and Robin Ernst The feeder cattle futures contract specifications were changed in 1986 from physical delivery to cash settlement.

More information

Impact of Cash Settlement on Feeder Cattle Basis

Impact of Cash Settlement on Feeder Cattle Basis Impact of Cash Settlement on Feeder Cattle Basis David Kenyon, Bruce Bainbridge, and Robin Ernst The feeder cattle futures contract specifications were changed in 1986 from physical delivery to cash settlement.

More information

Understanding USDA s Livestock Risk Protection Insurance Program for Feeder Cattle (AEC 2008-04)

Understanding USDA s Livestock Risk Protection Insurance Program for Feeder Cattle (AEC 2008-04) Understanding USDA s Livestock Risk Protection Program for Feeder Cattle (AEC 2008-04) Kenny Burdine and Greg Halich July 2008 Since the summer of 2007, the Livestock Risk Protection (LRP) program has

More information

Comparing LRP to a Put Option

Comparing LRP to a Put Option Comparing LRP to a Put Option Dr. G. A. Art Barnaby, Jr Kansas State University Phone: (785) 532-1515 Email: abarnaby@agecon.ksu.edu Check out our WEB at: AgManager.info 1 Livestock Risk Protection (LRP)

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

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

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

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

Increasing Profitability Through an Accelerated Heifer Replacement Program

Increasing Profitability Through an Accelerated Heifer Replacement Program Increasing Profitability Through an Accelerated Heifer Replacement Program Robert B. Corbett, D.V.M Dairy Health Consultation Accelerating heifer growth has been a very controversial subject in recent

More information

Factors Affecting Preconditioned Calf Price Premiums: Does Potential Buyer Competition and Seller Reputation Matter?

Factors Affecting Preconditioned Calf Price Premiums: Does Potential Buyer Competition and Seller Reputation Matter? Journal of Agricultural and Resource Economics 40(2):220 241 ISSN 1068-5502 Copyright 2015 Western Agricultural Economics Association Factors Affecting Preconditioned Calf Price Premiums: Does Potential

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

** ANIMAL ID NUMBERS MUST BE DESIGNATED IN http://storyia.fairentry.com **

** ANIMAL ID NUMBERS MUST BE DESIGNATED IN http://storyia.fairentry.com ** July 23 8:30 am noon: Enter & Weigh -in: Market Beef and bottle calves July 25 about 4 pm: All Beef Exhibitor Meeting in Bob Williams Arena July 25 6 pm: Enter & Weigh-in Advanced Cattle Feeder July 26

More information

Champion and Reserve Champion Junior Doe. Champion and Reserve Champion Senior Doe

Champion and Reserve Champion Junior Doe. Champion and Reserve Champion Senior Doe General Dairy Goat Rules: 1. All goats must be identified by May 15 th with a maximum of eighteen (18) goats identified per exhibitor. this flock number must be listed with the scrapie program). 8. Information

More information

AN ACCELERATED FEEDING STUDY

AN ACCELERATED FEEDING STUDY AN ACCELERATED FEEDING STUDY FOR DAIRY BEEF STEERS D. R. ZoBell, Allen Young and Bruce Godfrey Utah State University September 2001 AG 512 INTRODUCTION A large number of Holstein bull (steer) calves are

More information

MCDONALD S SUSTAINABLE BEEF PILOT Information Sharing Initiative Report April 7, 2016

MCDONALD S SUSTAINABLE BEEF PILOT Information Sharing Initiative Report April 7, 2016 MCDONALD S SUSTAINABLE BEEF PILOT Information Sharing Initiative Report April 7, 2016 TABLE OF CONTENTS 02 04 INTRODUCTION KEY TAKEAWAYS 06 RESULTS 15 CONCLUSION 17 APPENDIX MCDONALD S SUSTAINABLE BEEF

More information

U.S. Beef and Cattle Imports and Exports: Data Issues and Impacts on Cattle Prices

U.S. Beef and Cattle Imports and Exports: Data Issues and Impacts on Cattle Prices U.S. Beef and Cattle Imports and Exports: Data Issues and Impacts on Cattle Prices Gary W. Brester, Associate Professor Montana State University Bozeman and John M. Marsh, Professor Montana State University

More information

COW/CALF MANAGEMENT Minimizing Calving Difficulty in Beef Cattle

COW/CALF MANAGEMENT Minimizing Calving Difficulty in Beef Cattle Beef Cattle COW/CALF MANAGEMENT Minimizing Calving Difficulty in Beef Cattle Pete Anderson Extension Beef Cattle Specialist Calving difficulty (dystocia) contributes heavily to losses in production in

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

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

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

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

EFFECT OF AGRADO ON THE HEALTH AND PERFORMANCE OF TRANSPORT-STRESSED HEIFER CALVES. Authors:

EFFECT OF AGRADO ON THE HEALTH AND PERFORMANCE OF TRANSPORT-STRESSED HEIFER CALVES. Authors: EFFECT OF AGRADO ON THE HEALTH AND PERFORMANCE OF TRANSPORT-STRESSED HEIFER CALVES 1999 Animal Science Research Report Authors: Story in Brief Pages 176-181 T.C. Stovall, D.R. Gill, H. Han, J.T. Wagner

More information

Using Enterprise Budgets in Farm Financial Planning

Using Enterprise Budgets in Farm Financial Planning Oklahoma Cooperative Extension Service AGEC-243 Using Enterprise Budgets in Farm Financial Planning Damona Doye Regents Professor and Extension Economist Roger Sahs Extension Assistant Oklahoma Cooperative

More information

Using Futures Markets to Manage Price Risk for Feeder Cattle: Advanced Strategies (AEC 2013-03) March 2013

Using Futures Markets to Manage Price Risk for Feeder Cattle: Advanced Strategies (AEC 2013-03) March 2013 Using Futures Markets to Manage Price Risk for Feeder Cattle: Advanced Strategies (AEC 2013-03) March 2013 Kenny Burdine 1 Introduction: Price volatility in feeder cattle markets has greatly increased

More information

R E S T R I C T E D B R E E D I N G A N D R O T A T I O N A L G R A Z I N G

R E S T R I C T E D B R E E D I N G A N D R O T A T I O N A L G R A Z I N G R E S T R I C T E D B R E E D I N G A N D R O T A T I O N A L G R A Z I N G J O R G E L U I S S A N C H E Z B R I C E Ñ O H E R M O S I L L O S O N O R A M E X I C O The problem that is always faced in

More information

How To Run A Blade Farming Scheme

How To Run A Blade Farming Scheme FARM E RMA RS T INFO SERIEION S blade-farming.com INTRODUCTION to Blade Farming The Blade Farming business was established in 2001 as an integrated supply chain which is dedicated to supplying consistently

More information

How To Make Money From Farming

How To Make Money From Farming Limited Versus Intensive Management of Sheep & Goats Jodie Pennington and Helen Swartz Lincoln University, Neosho and Jefferson City, MO Husbandry defined--- varies with management level The cultivation

More information

CANADIAN HOLISTIC MANAGEMENT NEWS & VIEWS

CANADIAN HOLISTIC MANAGEMENT NEWS & VIEWS CANADIAN HOLISTIC MANAGEMENT NEWS & VIEWS STATEMENT OF PURPOSE: to provide knowledge, motivation & net working opportunities for Holistic Managers HEALTHY PEOPLE, HEALTHY LAND, HEALTHY PROFITS Sept. 2013

More information

Improvement of the economic position of the farm or ranch

Improvement of the economic position of the farm or ranch Bob Weaber, University of Missouri-Columbia Improvement of the economic position of the farm or ranch is an ongoing process for many commercial cow-calf producers. Profitability may be enhanced by increasing

More information

Evaluations for service-sire conception rate for heifer and cow inseminations with conventional and sexed semen

Evaluations for service-sire conception rate for heifer and cow inseminations with conventional and sexed semen J. Dairy Sci. 94 :6135 6142 doi: 10.3168/jds.2010-3875 American Dairy Science Association, 2011. Evaluations for service-sire conception rate for heifer and cow inseminations with conventional and sexed

More information

Record keeping and management planning

Record keeping and management planning . Record keeping and management planning Introduction Why keep records? Keep your record system simple Computers Property records Livestock records Herd management planning Example formats Introduction

More information

CASE STUDIES OF STRATEGIC ALLIANCES IN SOUTHEASTERN BEEF PRODUCTION. Jeffrey Gillespie, Angel Bu, and Robert Boucher. Abstract

CASE STUDIES OF STRATEGIC ALLIANCES IN SOUTHEASTERN BEEF PRODUCTION. Jeffrey Gillespie, Angel Bu, and Robert Boucher. Abstract CASE STUDIES OF STRATEGIC ALLIANCES IN SOUTHEASTERN BEEF PRODUCTION Jeffrey Gillespie, Angel Bu, and Robert Boucher Abstract Three calf marketing and three commercial beef carcass strategic alliances were

More information

Net feed intake: Potential selection tool to improve feed efficiency in beef cattle

Net feed intake: Potential selection tool to improve feed efficiency in beef cattle Net feed intake: Potential selection tool to improve feed efficiency in beef cattle Gordon E. Carstens Department of Animal Science Texas A&M University Introduction: Recent economic analysis of standardized

More information

Cattlemen s Corner Beef Newsletter

Cattlemen s Corner Beef Newsletter Owyhee County Cattlemen s Corner Beef Newsletter May, 2013 Inside this issue: Transferring Cattle to the Next Generation Gestation and Dystocia Lost Rivers Grazing Academy Southwest Idaho Beef Producers

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

Veterinary Science Preparatory Training for the Veterinary Assistant. Floron C. Faries, Jr., DVM, MS

Veterinary Science Preparatory Training for the Veterinary Assistant. Floron C. Faries, Jr., DVM, MS Veterinary Science Preparatory Training for the Veterinary Assistant Floron C. Faries, Jr., DVM, MS Breeds of Livestock Floron C. Faries, Jr., DVM, MS Objectives Describe the classification system for

More information

Section 6: Cow-Calf Cash Flow Enterprise Budget Analysis 101

Section 6: Cow-Calf Cash Flow Enterprise Budget Analysis 101 Section 6: Cow-Calf Cash Flow Enterprise Budget Analysis 101 Lets get started with some basics the Cow Calf Profit Equation The Cow Calf Profit Equation There is no single goal that will satisfy every

More information

DETERMINING YOUR STOCKING RATE

DETERMINING YOUR STOCKING RATE DETERMINING YOUR STOCKING RATE Mindy Pratt and G. Allen Rasmussen Range Management Fact Sheet May 2001 NR/RM/04 To determine how many animals your land will support (stocking rate), you need to know two

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

Managing cattle for the kind of beef you want your kids to eat.

Managing cattle for the kind of beef you want your kids to eat. Managing cattle for the kind of beef you want your kids to eat. A cooperative program by Texas and Southwestern Cattle Raisers Association, Texas Beef Council and the Texas AgriLife Extension Service Table

More information

TUESDAY 1 st SEPTEMBER 2015 SPECIAL SUMMER SHOW AND SALE OF LAMBS Best pen of 5 butchers lambs (any weight)

TUESDAY 1 st SEPTEMBER 2015 SPECIAL SUMMER SHOW AND SALE OF LAMBS Best pen of 5 butchers lambs (any weight) TUESDAY 25 TH AUGUST 2015 MARKET REPORT A similar entry of cattle with a firm trade for both steers and heifers with demand for clean cattle remaining strong. The lamb trade remains very similar with a

More information

EBLEX BEEF BRP MANUAL 4. Beef production from the dairy herd

EBLEX BEEF BRP MANUAL 4. Beef production from the dairy herd EBLEX BEEF BRP MANUAL 4 Beef production from the dairy herd The information in this booklet was compiled by: Mary Vickers, MLC; Clive Brown and Liz Ford, EBLEX. EBLEX Beef Better Returns Programme is grateful

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

Specifications of Futures and Options Contracts

Specifications of Futures and Options Contracts Specifications of Futures and Options Contracts Overview There have been organized commodity exchanges in the United States since the Chicago Board of Trade (CBOT) was established in 1848. Other agricultural

More information

UNIFORM DATA COLLECTION PROCEDURES

UNIFORM DATA COLLECTION PROCEDURES UNIFORM DATA COLLECTION PROCEDURES PURPOSE: The purpose of these procedures is to provide the framework for a uniform, accurate record system that will increase dairy farmers' net profit. The uniform records

More information

G. Cliff Lamb. North Florida Research and Education Center, Marianna, Florida University of Florida. Introduction

G. Cliff Lamb. North Florida Research and Education Center, Marianna, Florida University of Florida. Introduction COST ANALYSIS OF IMPLEMENTING A SYNCHRONIZATION OR AI PROGRAM-USING DECISION-AID TOOLS G. Cliff Lamb North Florida Research and Education Center, Marianna, Florida University of Florida Introduction Estrous

More information

2009-2010 STATE FFA DAIRY EVALUATION CAREER DEVELOPMENT EVENT KNOWLEDGE TEST

2009-2010 STATE FFA DAIRY EVALUATION CAREER DEVELOPMENT EVENT KNOWLEDGE TEST 2009-2010 STATE FFA DAIRY EVALUATION CAREER DEVELOPMENT EVENT KNOWLEDGE TEST Contestant Number: Name: Chapter Name: Score: Directions: Read each question carefully and choose the best possible answer.

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

Beef Cow Share Lease Agreements

Beef Cow Share Lease Agreements Institute of Agriculture and Natural Resources EC841 Beef Cow Share Lease Agreements Aaron L. Berger, Extension Educator Introduction Cow-calf enterprises require large investments in capital, labor, and

More information

Value of Managing Beef Cattle Genetics

Value of Managing Beef Cattle Genetics Value of Managing Beef Cattle Genetics Lisa Rees University of Missouri Department of Agricultural and Applied Economics Contact Information: 803 E. Green Meadows, Apt. 102 Columbia, MO 65201 Profile-

More information

Payback News. Beef Cows-The Cheapest Mineral Isn t

Payback News. Beef Cows-The Cheapest Mineral Isn t November, 2015 Volume 2, Issue 4 CHS Nutrition Payback News In this issue of Payback News: Beef Cows-The Cheapest Mineral Isn t Bull Wintering Tips Inside this issue: Beef Cows-The Cheapest Mineral Isn

More information

Terms: The following terms are presented in this lesson (shown in bold italics and on PowerPoint Slides 2 and 3):

Terms: The following terms are presented in this lesson (shown in bold italics and on PowerPoint Slides 2 and 3): Unit B: Understanding Animal Reproduction Lesson 4: Understanding Genetics Student Learning Objectives: Instruction in this lesson should result in students achieving the following objectives: 1. Explain

More information

PRODUCING WHEY SILAGE FOR GROWING

PRODUCING WHEY SILAGE FOR GROWING PRODUCING WHEY SILAGE FOR GROWING AND FINISHING CATTLE D.R. ZoBell and W. C. Burrell October 2002 AG 514 INTRODUCTION Roughage is the principal component of most cattle diets and as such can greatly influence

More information

DAIRY CATTLE INFORMATION

DAIRY CATTLE INFORMATION DID YOU KNOW??? DAIRY CATTLE INFORMATION An udder (the organ on the underside of the cow that stores the milk) can hold 25-50 pounds of milk! If you are 5-6 years old or younger, that one part of the cow

More information

Livestock Health Series Preconditioning Programs for Beef Calves

Livestock Health Series Preconditioning Programs for Beef Calves Agriculture and Natural Resources Livestock Health Series Preconditioning Programs for Beef Calves FSA3074 Jeremy Powell Associate Professor Veterinarian Arkansas Is Our Campus Visit our web site at: http://www.uaex.edu

More information

BREEDS OF BEEF CATTLE

BREEDS OF BEEF CATTLE Beef Cattle Beef Cattle 23 BREEDS OF BEEF CATTLE Table 1 outlines some breeds of beef cattle that are common in the United States. Each breed is categorized by frame size, muscling, mature cow weight,

More information

The Diverse Structure and Organization of U.S. Beef Cow-Calf Farms

The Diverse Structure and Organization of U.S. Beef Cow-Calf Farms United States Department of Agriculture Economic Research Service Economic Information Bulletin Number 73 March 2011 The Diverse Structure and Organization of U.S. Beef Cow-Calf Farms William D. McBride

More information

Incomplete Dominance and Codominance

Incomplete Dominance and Codominance Name: Date: Period: Incomplete Dominance and Codominance 1. In Japanese four o'clock plants red (R) color is incompletely dominant over white (r) flowers, and the heterozygous condition (Rr) results in

More information

DROUGHT ASSISTANCE PROGRAMS AND TAX IMPLICATIONS OF DROUGHT INDUCED LIVESTOCK SALES

DROUGHT ASSISTANCE PROGRAMS AND TAX IMPLICATIONS OF DROUGHT INDUCED LIVESTOCK SALES DROUGHT ASSISTANCE PROGRAMS AND TAX IMPLICATIONS OF DROUGHT INDUCED LIVESTOCK SALES Russell Tronstad 1 Government payment assistance during or after a drought is a very real possibility. Drought assistance

More information

Understanding Grid Marketing: How Quality Grades and Grid Conditions Affect Carcass Value. By Pete Anderson Ag Knowledge Services

Understanding Grid Marketing: How Quality Grades and Grid Conditions Affect Carcass Value. By Pete Anderson Ag Knowledge Services Understanding Grid Marketing: How Quality Grades and Grid Conditions Affect Carcass Value By Pete Anderson Ag Knowledge Services Introduction Are cattle a commodity or a branded product? Since sight unseen

More information

Lesson 2. Cash Flow Budgets

Lesson 2. Cash Flow Budgets A Project Funded by USDA BFRDP Grant #10506276 Development Partners Include: Lesson 2. Cash Flow Budgets Introduction Cash flow budgets provide detail about periods when cash outflows exceed cash inflows.

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 Associate Professor, Iowa State University Department of Economics Alexander H. Smith,

More information

BREAK-EVEN COSTS FOR COW/CALF PRODUCERS

BREAK-EVEN COSTS FOR COW/CALF PRODUCERS L-5220 9/98 BREAK-EVEN COSTS FOR COW/CALF PRODUCERS L.R. Sprott* CALCULATING BREAK-EVEN COSTS of production can help cow/calf producers make better management decisions for the current year or for the

More information

ACTUAL & PROJECTED CASH FLOWS

ACTUAL & PROJECTED CASH FLOWS ACTUAL & PROJECTED CASH FLOWS Trent Teegerstrom 1 INTRODUCTION This article describes the actual and projected cash flow worksheets that are included in the ranch analysis spreadsheet template (see previous

More information

Payout Analysis of Livestock Risk Protection Insurance for Feeder Cattle

Payout Analysis of Livestock Risk Protection Insurance for Feeder Cattle Payout Analysis of Livestock Risk Protection Insurance for Feeder Cattle By Kenneth H. Burdine & Greg Halich ABSTRACT Monte-Carlo simulation was used to examine net payouts, defined as indemnities received

More information

Farm Tax Record Book SAMPLE

Farm Tax Record Book SAMPLE Farm Tax Record Book TABLE OF CONTENTS Farm Receipts... Milk Sales and Deductions Worksheet... Government Payments Worksheet... Commodity Certificates... Sale of Livestock Worksheet... Farm Expenses...0

More information

How much financing will your farm business

How much financing will your farm business Twelve Steps to Ag Decision Maker Cash Flow Budgeting File C3-15 How much financing will your farm business require this year? When will money be needed and from where will it come? A little advance planning

More information

An Electronic Field Trip to a Beef Cattle Farm Kentucky Cooperative Extension Service University of Kentucky College of Agriculture

An Electronic Field Trip to a Beef Cattle Farm Kentucky Cooperative Extension Service University of Kentucky College of Agriculture An Electronic Field Trip to a Beef Cattle Farm Kentucky Cooperative Extension Service University of Kentucky College of Agriculture Reading Comprehension - Breeds Just as there are many breeds of dogs

More information

Choosing the Best Poultry Breed for Your Small Farm

Choosing the Best Poultry Breed for Your Small Farm Choosing the Best Poultry Breed for Your Small Farm Factsheet FS-987 June 2014 Deciding on your goal for raising chickens is the first step in determining which breed is best for your farm. The most common

More information

Hayin Beef Acres. Business Plan

Hayin Beef Acres. Business Plan Hayin Beef Acres Business Plan University of Maryland Extension *Disclaimer: The information contained in this case study is to be used only as a case study example for teaching purposes. The information

More information