Retained Ownership - Production and Marketing Alternatives for Cow-calf Producers PDF Download
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Author: Randall D. Little
Publisher:
ISBN:
Category : Beef cattle
Languages : en
Pages : 52
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Author: Randall D. Little
Publisher:
ISBN:
Category : Beef cattle
Languages : en
Pages : 52
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Book Description
Author: Minfeng Tang
Publisher:
ISBN:
Category : Beef cattle
Languages : en
Pages : 72
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Book Description
Retained ownership is a marketing strategy that can be used by cow-calf operators to benefit from the potential increase in fed cattle prices. We analyze the profitability of retained cattle ownership from 2005 to 2015 for cow-calf producers in Tennessee. We also determine the impact of steer/heifer characteristics (e.g., average daily gain, feed conversion) and producer choice decisions (e.g., placement weight, placement season, days on feed) on retained ownership profitability. Data on 2,953 head of cattle originating in Tennessee and finished in Iowa using a retained ownership strategy were collected. A mixed regression model explaining profitability was estimated with fixed effects for animal characteristics and producer choice variables and random effects for feedlots, farm origin, and the year cattle were harvested. Retained ownership placement season decision alternatives were also distinguished using mean-variance and stochastic dominance methods. Mixed model results indicate that placement weight, placement season, days on feed, animal health and animal sex impacted retained ownership profitability. Winter was the most preferred placement season generating the highest expected retained ownership profits, while summer was the least preferred placement season generating the lowest expected retained ownership profits. These findings could be useful for cow-calf producers to develop more profitable production and marketing strategies.
Author: Robert Craven
Publisher:
ISBN:
Category : Cattle
Languages : en
Pages : 72
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Author: Kay Albright
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Retained ownership can generally be described as when a producer does not sell his or her calf crop immediately after weaning but keeps the calves for an extended period of time. This is a decision that is made by the cow-calf producer every year and may or may not change from year to year. For some, the decision is based on past practices while others will evaluate the market before making a decision. There are various levels of retained ownership that can be modified to fit a producer's operation and can range from a preconditioning program to finishing the cattle in the feedlot. This study specified various retained ownership scenarios in order to be able to analyze the situations. Budgets were used to analyze the optimum phase of production at which to sell calves that is most profitable while taking risk into consideration. Specifically, budgets were developed for scenarios of four cow-calf herds, four backgrounding phases, two grazing phases, and six custom feedlot phases. These budgets were used to produce sixteen potential retained ownership scenarios. The scenarios range from selling the calves immediately after weaning to owning the cattle through finishing at the feedlot. Each scenario was then analyzed based on the net returns over a 10-year period. Additionally, the scenarios were analyzed based on net returns over feed costs. Target MOTAD was used to analyze the risk component of the scenarios. Although most of the net returns were negative for all scenarios, retained ownership showed a trend of improving net returns. However, along with the improved returns came a greater variability in returns which is unattractive to a risk adverse producer. Target MOTAD results on a net return basis selected the cow-calf only phase of production in all scenarios.
Author: John M. Marsh
Publisher:
ISBN:
Category : Beef cattle
Languages : en
Pages : 26
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Author:
Publisher:
ISBN:
Category : Beef industry
Languages : en
Pages : 28
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Author: Harlan Hughes
Publisher:
ISBN:
Category : Cattle
Languages : en
Pages : 3
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Author: United States. Congress. Senate. Committee on Agriculture and Forestry. Subcommittee on Agricultural Production, Marketing, and Stabilization of Prices
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 120
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Author: Kenneth Wayne Stokes
Publisher:
ISBN:
Category : Beef cattle
Languages : en
Pages : 486
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Author: William F. Hendrix
Publisher:
ISBN:
Category : Cattle
Languages : en
Pages : 16
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