K-State's Feeder Cattle Risk Management Tool Helps Producers Identify Price Protection OptionsTue, 05 Apr 2016 16:19:42 CDT
Cattle producers concerned about profitability this year may be interested in Kansas State University’s updated Feeder Cattle Risk Management Tool.
Glynn Tonsor, associate professor of agricultural economics at KSU, says the index helps producers who are planning to sell calves or yearlings determine their alternative approaches to mitigating price risk. It can be used to compare expected selling prices using Livestock Risk Protection insurance, CME feeder cattle futures, CME feeder cattle options and other strategies. To learn more about your options with Livestock Risk Protection, check with your local livestock insurance agent.
While Tonsor uses Kansas markets in the tool, the prices received are similar to the main Oklahoma feeder cattle markets in Oklahoma City, El Reno and Woodward.
Producers can click here to download the K-State Feeder Cattle Risk Management Tool in an Excel format.
Tonsor explains the benefits of using the Feeder Cattle Risk Management Tool during this week’s Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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