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


Noble Consultant Tells Wheat Farmers- Consider Your Options: Graze-out vs. Harvesting Wheat

Wed, 03 Jan 2018 21:12:11 CST

Noble Consultant Tells Wheat Farmers- Consider Your Options: Graze-out vs. Harvesting Wheat Dr. Myriah Johnson is an Ag Consultant with the Noble Research Institute and she offers wheat producers some ideas about how to determine whether to graze out or harvest for grain.


"As we move into 2018, it will soon be time to think about whether to pull cattle off wheat so it can be harvested for grain or to leave the cattle on the pasture through wheat graze-out. One of the biggest concerns this past fall was the lack of moisture received. This will ultimately impact producers' decisions this spring, too.


"In evaluating the graze-out or wheat for grain options, a partial budget can be a useful tool. For this, we'll assume you could continue with a 650-pound steer in March and take him to 800 pounds in early May. Estimated prices in Oklahoma City are $158.85 per hundredweight and $137.47 per hundredweight, respectively. We'll also assume 1.25 head per acre during this springtime period of graze-out. Ultimately, an additional $86.66 in revenue could be generated with graze-out wheat.


"The expected cash price for wheat in south-central Oklahoma early next June is $3.92 per bushel. Using the five-year average Oklahoma wheat yield of 29.4 bushels per acre, a revenue of $115.25 could be generated by cutting wheat for grain. Revenue is only half the picture as we must also take costs into account. With harvesting wheat, you'll have the associated fungicide, weed control, combining and hauling costs to consider. With stockers, you'll still have the cost of hauling them to the auction barn.


"Taking all this into account, it appears that taking the stockers through graze-out will be more advantageous by about $21 per acre. However, the picture starts to change if you can beat Oklahoma's five-year average yield of 29.4 bushels per acre. If you can produce 35 bushels per acre, you could expect the same returns as grazing out cattle. Any improvements in yield will favor pulling cattle and cutting the wheat for grain.


"As always, keep your pencils sharp. These price relationships will have changed by the time you read this article. Crunch these numbers for your own operation, and don't hesitate to contact your Noble Research Institute economist."



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, April 25, 2018  Wed, 25 Apr 2018 15:23:40 CDT
  • ARC Improvement and Innovation Act Introduced by Sens Thune, Brown Wins NCGA's Endorsement  Wed, 25 Apr 2018 14:16:16 CDT
  • Wednesday Market Wrap-Up with Justin Lewis  Wed, 25 Apr 2018 14:09:03 CDT
  • Wednesday Afternoon Market Wrap-Up with Carson Horn   Wed, 25 Apr 2018 14:01:30 CDT
  • Senate Commerce Approves Milestone Agricultural Broadband Bill to Improve Rural Connectivity  Wed, 25 Apr 2018 13:52:40 CDT
  • Cattlemen Invite President Trump and Vice President Pence to Survey Wildfire Damage in Oklahoma  Wed, 25 Apr 2018 13:16:20 CDT
  • Farmers Give a Big Thumbs Up to a 2018 Omnibus Provision Nixing DUNS and SAM Requirements  Wed, 25 Apr 2018 12:03:17 CDT
  • National FFA Presents Bill to Amend Federal Charter to Strengthen Industry Ties and Reflect Growth  Wed, 25 Apr 2018 11:53:16 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association Oklahoma City Farm Show

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.