Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
    
   
   
   
   
   
   
   
   

Agricultural News


Cattle Marketing Made Easier with Online Decision Support Tools - Glynn Tonsor Explains

Mon, 16 May 2016 23:06:48 CDT

Cattle Marketing Made Easier with Online Decision Support Tools - Glynn Tonsor Explains


Cattle producers are gaining access to some great tools and mobile apps that help take the guesswork out of marketing livestock, and the backgrounder and stocker margin calculator found at BeefBasis.com is no exception.


Glynn Tonsor, associate professor of agricultural economics at K-State, helped develop the resource and says cow-calf operators considering backgrounding and commercial stockers looking to buy calves will especially benefit from the online tool.


“Let’s say you’re entertaining purchasing a 550 lb calf in the middle of September, and you’re thinking about putting 200 lbs. on him between then and the middle of February - that’s about a 1.3 lb average daily gain,” he says. “The value of gain in that story right now is projected to be $61/cwt, so if your cost of gain is $60 or higher, that’s probably not something that looks very favorable.”


Tonsor says the key reason for the low value of gain projections is the notable pull down between the September feeder cattle contract and the deferred.


“If instead of making a September purchase, you wait until the middle of November and you buy a 600 lb calf and you only put 100 lb on, that value of gain would be $104,” he says. “Simply given, it sounds like two extremes, but the market is actually encouraging people to plan to purchase later, maybe heavier and maybe put lighter weights on.”


Because the markets are changing frequently, Tonsor says it’s important for producers to check their personal numbers using the Value of Gain calculator on BeefBasis.com.


Listen to Tonsor talk more about the tools available at BeefBasis.com - and the drop in mama cow returns - during the latest Beef Buzz.


The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is 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.


   



   

right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Stakeholder Announcement: RMA Reminds Producers Who Received ‘Top-up Payments’ of Crop Insurance Requirements  Thu, 05 Dec 2019 19:05:06 CST
  • NMPF Urges Producers to Enroll in DMC and MFP With Signup Deadlines Approaching  Thu, 05 Dec 2019 18:59:52 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Thursday, December 5, 2019  Thu, 05 Dec 2019 18:52:49 CST
  • Thursday December 5 2019 Market Wrapup with Justin Lewis  Thu, 05 Dec 2019 17:04:42
  • House Ag Committee Members Offer Bi-Partisan Praise for Food for Peace Program  Thu, 05 Dec 2019 16:43:50
  • Pork Board Chairman David Newman Talks Pork Checkoff 4.0  Thu, 05 Dec 2019 16:35:02
  • Animal Ag Alliance Watching the Anti Animal Ag Crowd- Hannah Thompson Weeman Explains  Thu, 05 Dec 2019 10:18:56
  • Diamond Anniversary Year for AFR/OFU Speech Contest- Finals This Saturday  Thu, 05 Dec 2019 09:59:47

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.