Agricultural News
Higher Quality Cattle Means Less Risk in Marketing
Tue, 05 Jul 2011 13:45:57 CDT
Higher quality of cattle is very important to Oklahoma cattle producers. And Tom Brink, President of J&F Oklahoma Holdings, the cattle ownership arm of Five Rivers Cattle Feeding, says it is important to them to market cattle of only the highest quality. J&F Oklahoma Holdings market up to 2 million finished cattle for Five Rivers every year. Most of the cattle marketed through J&F Oklahoma Holdings are sold on grids, which means they are priced through a carcass merit system.
Brink says higher grading cattle are important to them because they will have a better basis, which means a lot to them as risk managers when they are lifting those hedges to know that the basis will be a little more effective. High quality cattle also allows for more flexibility because marbling begins at a younger age.
Brink says this allows them to market the cattle a little early or a little later dependant on the market, which is essential in this volatile market because it allows to manage the risk.
Click on the play button in the screen below to hear more from Tom Brink with J&F Oklahoma Holdings about why higher grade cattle is important for managing risk.
Click here for more videos from Certified Beef, LLC.
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