Cattle Feeding Strategies and Financial Risk PDF Download

Author: Terry Michael Billings
Publisher:
ISBN:
Category : Feedlots
Languages : en
Pages : 172

View

Book Description

Author: Harry Devone Sutton
Publisher:
ISBN:
Category : Agricultural industries
Languages : en
Pages : 132

View

Book Description
Explores risk management responses from the agricultural lender's perspective utilizing simulated cattle feeding as the enterprise choice. Evaluates the expected returns and risks involved with cattle feeding utilizing no hedging, hedging, and optimal hedging strategies. Determines the effect of financial leverage utilizing steers 500-550 pounds, steers 600-650 pounds, and steers 750-800 pounds.

Author: Wade H. Shafer
Publisher: Springer Science & Business Media
ISBN: 1468436201
Category : Science
Languages : en
Pages : 306

View

Book Description
Masters Theses in the Pure and Applied Sciences was first conceived, published, and dis seminated by the Center for Information and Numerical Data Analysis and Synthesis (CINDAS) * at Purdue University in 1957, starting its coverage of theses with the academic year 1955. Beginning with Volume 13, the printing and dissemination phases of the ac tivity were transferred to University Microfilms/Xerox of Ann Arbor, Michigan, with the thought that such an arrangement would be more beneficial to the academic and general scientific and technical community. After five years of this joint undertaking we had concluded that it was in the interest of all concerned if the printing and distribution of the volume were handled by an international publishing house to assure improved service and broader dissemination. Hence, starting with Volume 18, Masters Theses in the Pure and Applied Sciences has been disseminated on a worldwide basis by Plenum Publishing Corporation of New York, and in the same year the coverage was broadened to include Canadian universities. All back issues can also be ordered from Plenum. We have reported in Volume 23 (thesis year 1978) a total of 10,148 theses titles from 27 Canadian and 220 United States universities. We are sure that this broader base for theses titles reported will greatly enhance the value of this important annual reference work. While Volume 23 reports these submitted in 1978, on occasion, certain universities do report theses submitted in previous years but not reported at the time.

Author: Brian Robert Sancewich
Publisher:
ISBN:
Category :
Languages : en
Pages :

View

Book Description
This dissertation examines several different issues regarding pricing and contracting decisions as well as risk management practices affecting the Unites States livestock industry. The resulting policy and market implications are applicable to industry stakeholders in the beef cattle industry. Each topic is presented in the following chapters. Chapter 1 uses time series techniques to identify movements in regional fed cattle prices under a mandatory price reporting system. Mandatory price reporting altered the structure of livestock markets by requiring supply and demand conditions to be reported twice daily thereby affecting the price discovery process. Results suggest the level of information flow and the transparency of prices increased, markets respond to new information quicker, and larger volume markets behave as a price leader to smaller markets with less volume. Chapter 2 uses closeout data to measure the variability of profits in fed cattle production. A mean-variance approach was used to model yield risk factors relevant to and known at the time cattle are placed on feed. Results indicate yield factors were influenced by several preconditioning variables such as gender, placement weight, feedlot location, placement season, and overall animal health and vitality. Estimates from the yield equations were then used to simulate the overall ex-ante distribution of expected profits for the cattle feeder and the results provide information regarding the effect of production risk and price risk on cattle feeding profits.

Author: Matthew Abbott Herrington
Publisher:
ISBN:
Category :
Languages : en
Pages :

View

Book Description
Cattle feeders face significant profit risk when placing cattle on feed. Risks arise from both financial and biological sources. To date, few standardized measures exist to measure current risks against historic levels, or to obtain forward looking risk estimates. Those that do exist could benefit from updates and inclusion of additional risk elements. This study measures the risk of expected profits when cattle are placed on feed. This study creates a forward-looking estimate of expected feedlot profits using futures and options market data as price forecasts. Joint probability distributions are created for prices and cattle performance variables affecting feedlot profit margins. Monte Carlo simulation techniques are then employed to generate probability distributions of expected feedlot profits. Results show cattle feeding is a risky business and cattle feeders have been placing cattle on feed facing significantly negative expected returns since June, 2010. This assessment of negative expected profits is consistent with other findings. Over the study's 2002 to 2013 time frame, the relative risk to cattle feeding profits accounted for by feed costs has been increasing, while the relative risk levels from feeder cattle and fed cattle prices remain steady. Additionally, the probability of realized per-head profits greater than $100 has been decreasing since 2009 and the probability of realized per-head profits less than $-100 has been increasingly rapidly.

Author: Barrett Williams
Publisher: Barrett Williams
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 140

View

Book Description
**Mastering Simmental Cattle Ranching** Unlock the secrets to successful Simmental cattle ranching with "Mastering Simmental Cattle Ranching," a comprehensive guide designed to elevate your breeding practices to new heights. Whether you're a seasoned rancher or just starting, this eBook provides everything you need to excel in Simmental cattle breeding. Dive into the rich history and distinctive qualities that make Simmental cattle a preferred choice for breeders worldwide. Discover why Simmentals are not just versatile but also a highly rewarding breed to work with. Setting up your ranch for success begins with strategic considerations—learn expert advice on selecting the perfect location, essential facilities, and equipment. Adhere to top-notch health and safety standards to keep your livestock thriving. Develop a keen eye for genetic potential as you delve into selecting high-quality breeding stock. Understand the science behind genetics, physical traits, and behavior to make informed decisions that enhance your herd’s quality and productivity. Navigate the complexities of reproductive management with ease, mastering both natural mating and artificial insemination. Optimize your breeding cycles and unlock the full reproductive potential of your Simmentals. Nutrition is the cornerstone of effective breeding. This guide breaks down the nutritional needs of breeding cows, offering comprehensive insights into balanced diets, supplements, and special feeds that promote health and fertility. Health management is crucial; get ahead of common health issues, implement rigorous vaccination programs, and maintain thorough health records. Equip yourself with the knowledge to tackle calving season with confidence, ensuring seamless monitoring and post-calving care. Embark on raising robust and healthy calves, focusing on early nutrition, growth milestones, and preventative health measures. Delve into advanced genetic improvement strategies and sustainable ranching practices that ensure longevity and profitability. Learn to navigate the economic landscape of breeding, with chapters dedicated to cost analysis, marketing strategies, and financial risk management. Streamline operations, leverage technology, and enhance efficiency to achieve a profitable breeding operation. "Mastering Simmental Cattle Ranching" also offers rich case studies, future trend insights, and troubleshooting tips that provide real-world applications. Embrace a holistic approach to ranching that includes community support, legal considerations, and ethical breeding practices. Transform your breeding program and secure your path to a prosperous Simmental cattle operation with this indispensable guide!

Author: G. B. Thompson
Publisher: Trafton Printing
ISBN:
Category : Cattle
Languages : en
Pages : 246

View

Book Description

Author: Kaitlyn Maree Dinges Weber
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

View

Book Description
Chapter 1: Cattle Feeding Net Returns Simulation: A Confirmation Exercise. There is great variability in cattle feeding net returns across the industry due to varying economic risk levels dependent on a multitude of cattle characteristics and attributes. There are very few simulation studies that evaluate the deterministic and stochastic influence of performance and price metric relationship between such inputs and the resulting expected net return distribution. One such study is by Dennis et al. (2018), where the authors evaluated the impact of alternative animal health treatment strategies on net returns. The objective of this study is to replicate the results from Dennis et al.'s net return simulation and approximately verify such results utilizing the KSU - Beef Farm Management Guide Spreadsheet. Utilizing the equations, deterministic and stochastic inputs, and simulated distributions in Dennis et al.'s publication, results indicated that the difference between high-risk and metaphylaxis treated cattle averaged $23.77 higher across all weight categories compared to the original publication. One glaring difference between the results for the return simulation duplication and the original results is the shift of distributions rightward along the x-axis, which represents the net returns per head in dollars per head. The KSU Beef Finishing Budget calculated net return differs from the simulation distributional mean value by as little as $11.09 per head, up to the largest difference of $93.40 per head, with three key factors accounting for much of the differences-mortality, feeding cost, and total revenue. We were able to successfully replicate the study by Dennis et al. (2018) and identify what we believe to be the key difference-the feeder cattle purchase price-between the published study and the duplication attempt, while also comparing expected net returns utilizing the KSU Beef Finishing Budget and determine the calculations attributing to the differences. Chapter 2: Net Return Distributions Across Different Pricing Mechanisms in Fed Cattle Production. The cattle feeding industry has a lengthy history of being one of the most variable agricultural sectors concerning profitability (Tonsor, 2022). Price risk, production risk, and quality risk in the fed cattle industry all contribute to this profit variability of cattle placed on feed. While other studies have estimated cattle feeding net return models, this study explicitly considers the mortality rate, performance, quality, and expected net return difference between low health-risk cattle and high health-risk cattle that have been treated with metaphylaxis placed on feed using a stochastic simulation net returns framework that evaluates both live weight and grid pricing revenue methods. The results demonstrate that pen characteristics, such as entry weight, gender, and risk classification influence the mean and variability of production factors, defined as mortality, average daily gain, average feed conversion, and veterinary cost per head. The better we can predict animal health and quantify the uncertainty between low health-risk and high health-risk cattle, the more informed cattle feeders become regarding the profit variability between the two classifications of cattle given live weight and grid pricing. Due to higher transaction prices associated with healthier animals that generally have lower probabilities of morbidity and mortality, there is an incentive to buy higher health-risk cattle at a lower cost. Results further inform industry stakeholders by quantifying the price discount that high health-risk cattle must be purchased at relative to low health-risk cattle to achieve the same breakeven profit. Chapter 3: Evaluation of Bovine Respiratory Disease Morbidity in the Feedlot and its Effect on Net Return Distributions. Costs associated with morbidity are one of the most important determinants of profitability in the feedlot (Gardner et al., 1999). Bovine respiratory disease (BRD) is responsible for a large portion, approximately 75%, of feedlot morbidity and 50-80% of feedlot deaths (Edwards, 1996; Kelly & Janzen, 1986). This study models the impact of the percentage of a pen of cattle individually treated one time, two times, or three or more times for BRD on mortality, performance, and overall expected net returns per head by parameterizing production and profitability risks associated with BRD morbidity in the feedlot. This research adapts a fed cattle net returns model (Belasco et al., 2009; Dennis et al., 2018, 2020) to capture varying mortality rates and stochastic performance metrics-average daily gain, average feed conversion, and veterinary cost per head-as a function of BRD morbidity to model overall fed cattle net return risk. Results indicate that mean net returns per pen decrease as the overall percentage of animals treated within the pen increases. This is driven by a combination of things, including but not limited to, decreased animal performance due to BRD-related sickness, increased veterinary cost per head, and increased mean and standard deviation of the mortality distribution as morbidity increases.

Author: Kendall L. Eisele
Publisher:
ISBN: 9781124705415
Category : Beef cattle
Languages : en
Pages : 92

View

Book Description
The current market environment for corn prices place many firms involved with cattle feeding in financial distress. Ranchers are looking for ways that can ease the burden of higher feed costs and the uncertainty in the grain market. Animal science studies point to the possibility of implementing low cost feeding strategies by only feeding high cost feedstuffs at critical life stage. Earlier weaning dates are also identified as a strategy that could potentially provide superior carcass quality while reducing overall feed intake. Profitability comparisons are made between selling at weaning (at various weaning dates) and feeding until slaughter given the alternative feeding and weaning strategies. The profitability of the these management strategies are analyzed using data from experiments conducted as a part of research conducted at the University of Wyoming James C. Hageman Sustainable Agriculture Research and Education Center (SAREC) in Lingle, Wyoming. These data are analyzed using a Monte Carlo simulation simulating both input and output prices for distributions based on historical data to assess overall profitability of the alternative management strategies.

Author: Donn Alvin Reimund
Publisher:
ISBN:
Category : Agricultural innovations
Languages : en
Pages : 84

View

Book Description