The Feasibility of Retained Ownership Strategies for Cow-calf Producers PDF Download
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Author: Kay Albright Publisher: ISBN: Category : Languages : en Pages :
Book Description
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: Kay Albright Publisher: ISBN: Category : Languages : en Pages :
Book Description
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: Minfeng Tang Publisher: ISBN: Category : Beef cattle Languages : en Pages : 72
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: Roberta M. Slattery Publisher: ISBN: Category : Languages : en Pages :
Book Description
Newer marketing techniques and production technologies have made large amounts of data available in fed cattle production that previously were not available to the cow-calf producer. The application of this data in breeding and management practices has only begun to be evaluated. This research used individual records, taken from birth to slaughter, on 6,360 calves from a single cow-calf producer who retained ownership of the calves through a custom feed yard and marketed them in a grid system. Using this information, four major topics were analyzed; identifying profitability drivers among animal characteristics, assessing weaning weight as a predictor of finished performance, utilizing lifetime performance of calves to evaluate cow productivity, and quantifying the effects of illness on cattle efficiency and carcass quality. The main profitability driver was hot carcass weight, while avoiding quality and yield grade discounts was also imperative to returns. Weaning weight did not prove to be a highly accurate tool to predict the finished quality and profitability of an animal. Evaluations of cow performance based on calf productivity were accomplished, accounting for all variation possible, however since sires were not known these performance evaluations may not be capturing an accurate picture of maternal influence on calf genetics. Performance evaluations can still be useful, but it is suggested that they not be the basis for all culling and replacement decisions. Evaluating calves based on the age of their dam highlights a peak in performance in most all measures when a cow is 7 years old. Illness in the feedlot linearly affected Net Return in a negative fashion and also negatively influenced Return to Ranch. This was mostly related to losses in efficiency, but also losses in hot carcass weight and dressing percentage in highly treated animals.
Author: Kay Albright
Author: Kay Albright
Author: Lipinski, Garth
Author: Minfeng Tang
Author: Randall D. Little
Author: Brian R. Williams
Author: David Edward Sleigh
Author: John M. Marsh
Author: William F. Hendrix
Author: Roberta M. Slattery
Author: C. Kerry Gee