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
   
   
   
    
   
   
   
   
   

Beef Buzz News


Schulz Evaluates the Cost of Buying Superior Cattle Genetics

Tue, 02 Dec 2014 14:52:46 CST

Schulz Evaluates the Cost of Buying Superior Cattle Genetics

How much is it worth to step up your beef genetics for your mamma cow herd? This may include buying a higher quality bull, perhaps artificial insemination or using embryo transfer. There are a lot of ways producers can improve their herd, but it does cost money to improve genetics significantly. Iowa State University Livestock Market Economist Lee Schulz said he has rustled this question on behalf of cattle producers. As an agricultural economist, he considers this to be a capital budgeting investment analysis.


"Very much these analysis and decisions made by producers you know depend on expectations for calf prices as we are going out through the productive life of those replacements that will be entering the herd," Schulz said. "The annual cow costs for a specific operation but I think it is important to put these levels we have seen for these replacement prices into context. I have done random analysis quite a bit and looking at max bid prices of $3,200 to $3,400 for bred heifers here is really not that much more being paid by some producer, so just realizing there is quite a bit of risk but also quite a bit a return for this investment."


Radio Oklahoma Network Farm Director Ron Hays featured Schulz on the Beef Buzz feature. Click or tap on the LISTEN BAR below to listen to today's Beef Buzz.


Heifers and cows that have yet to reach their prime remain in short supply right now and they do command a premium. When you start adding superior genetics the additional premium is not all that much. Schulz said it might be a good time to think about adding a few extra dollars to get those top notch genetics.


"If you are looking for the superior genetics there may be potential to justify higher and higher prices, especially if we are putting superior genetics into a herd, also adding use to our herd and culling some of the older cows at record high cull cow prices, there may be some advantages to paying higher prices and getting those genetically superior heifers into your herd," Schulz said.


If producers are looking to cull some of those older females then its worth the adding feeding expense to put on a few pounds before marketing those culls at the auction barn. Culls are bringing top dollar right now, so that will offset the cost of investing in superior genetics to put back into your mamma cow herd.


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


   

   

Ron Hays Beef Buzzes with Lee Schulz of Iowa State University
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Cong. Frank Lucas Suggests Meat Packing Industry Has Become Too Concentrated  Fri, 29 May 2020 10:28:11 CDT
  • Amount of CFAP Payment For Cow/Calf Producers Dependent on Timing and Managment Practices  Thu, 28 May 2020 13:34:18 CDT
  • CFAP Payments For Cattle Producers Close To Estimated Losses Says OSU's Derrell Peel  Wed, 27 May 2020 10:11:58 CDT
  • OSU's Dr. Peel Says Packing Plants Have Incentive To Return To Full Capacity  Tue, 26 May 2020 09:50:06 CDT
  • No Surprises Found in the May USDA Cattle on Feed Report- So Says OSU Economist Dr. Derrell Peel  Sat, 23 May 2020 16:41:14 CDT
  • Animal Rights Activists Using COVID-19 Crisis To Attack Ag Animal Industry  Fri, 22 May 2020 10:30:10 CDT
  • NCBA President Marty Smith Encouraged By Government Aid Program And Packing Plant Progress  Fri, 22 May 2020 03:55:11 CDT
  • Boxed Beef Prices Fall As Supply Chain Catches Up With Demand  Wed, 20 May 2020 10:20:11 CDT
  • Packing Plants Slowly Increasing Capacity But It Could Take Months To Work Off Cattle Back Log, Says KSU's Dr. Glynn Tonsor  Tue, 19 May 2020 09:40:55 CDT
  • Packing Plants Slowly Increasing Capacity But It Could Months To Wrok Off Cattle Back Log, Says KSU's Dr. Glynn Tonsor  Tue, 19 May 2020 09:18:11 CDT
  • Consumers Will Have Plenty of Beef For Memorial Day Cookouts, Says NCBA's Colin Woodall  Mon, 18 May 2020 09:44:12 CDT
  • More Relief Could Be Headed To The Farm, Says NCBA's Colin Woodall  Fri, 15 May 2020 10:38:11 CDT
  • Beef Exports Value Estimated at $1 Billion For U.S. Cattle Producers, Says Dr. Derrell Peel  Thu, 14 May 2020 17:14:56 CDT
  • NCBA's Alisa Harrison Explains New Beef Consumer Research And Memorial Day Campaign  Wed, 13 May 2020 10:27:15 CDT
  • Getting Labor Force Back Online Critical For Packing Plants, says Iowa State's Dr. Lee Schulz  Tue, 12 May 2020 10:01:16 CDT
  • Fomer CBB Chair Chuck Coffey Says It's Our Job to Promote Beef  Mon, 11 May 2020 10:06:23 CDT
  • Ag Economist Bart Fischer Explains Why Beef Trade Must Be a Two-Way Street  Fri, 08 May 2020 10:04:16 CDT
  • Texas A & M Ag Economist Bart Fischer Says Investigation Into Meat Market Collusion is Underway  Thu, 07 May 2020 10:32:18 CDT
  • OSU's Dr. Peel Urges Understanding The Meat Industry Before Making Wholesale Changes  Wed, 06 May 2020 10:30:28 CDT
  • Beef Producers Working To Help Food Service Industry Reopen  Tue, 05 May 2020 09:57:16 CDT
  • Years of Beef Checkoff Research Now Paying Dividends For Consumers, Says NCBA's Alisa Harrison  Mon, 04 May 2020 09:59:18 CDT
  • U.S. Meat Export Industry Ready to Meet The Global Market Demand, Says Dan Halstrom, USMEF President and CEO  Fri, 01 May 2020 09:55:12 CDT
  • U.S. Meat Eport Federation Bracing For Full Impact of COVID-19  Thu, 30 Apr 2020 10:07:11 CDT
  • Trump's Order To Keep Meat Processing Plants Open Will Not Immediately Fill Retail Meat Counter, Says OSU's Derrell Peel  Wed, 29 Apr 2020 10:05:17 CDT
  • Katelyn McCullock, Livestock Market Information Center, Believes Cattle Market Could Get Worse, Depending on Plant Closings  Tue, 28 Apr 2020 10:10:11 CDT
  • Latest Cattle on Feed Report Shows Why There is a Ripple Effect Happening in The Cattle Processing Chain as Cattle Are Being Backed Up Into May and June  Mon, 27 Apr 2020 11:55:13 CDT
  • TCFA President Ross Wilson Requests USDA To Waive COVID-19 Payment Limits  Fri, 24 Apr 2020 17:47:12 CDT
  • OCA's Michael Kelsey Offers Insight Into Cattle Producers Forced to Make Tough Decisions During Uncertain Time  Thu, 23 Apr 2020 10:17:10 CDT
  • The Navigable Waters Protection Rule, Which Replaces The Old WOTUS Rule, Is Now Official. NCBA's Chief Environmental Counsel Scott Yager Explains What That Means  Wed, 22 Apr 2020 10:08:37 CDT
  • As Cattle Processing Drops 20 Percent, KSU's Dr. Glynn Tonsor Offers Hope Beef Demand Will Rebound  Tue, 21 Apr 2020 09:56:32 CDT
  • USDA Coronavirus Funds Tagged For Livestock Producers, But Relief May Be a Month Away, Says NCBA's Colin Woodall  Mon, 20 Apr 2020 09:51:54 CDT
  • Colin Woodall, NCBA CEO, Is Hopefull Meat Packing Plant Closures Are Only Temporary  Fri, 17 Apr 2020 09:55:10 CDT
  • The Live Cattle Futures Market is Relevant, Yet Seems Overly Pessimistic Says Don Close, Rabo AgriFinance Analyst  Fri, 17 Apr 2020 04:56:10 CDT
  • Economist Don Close with Rabobank Compares COVID-19 Impact on Beef Industry to Nixon Era Price Freeze  Wed, 15 Apr 2020 14:28:12 CDT
  • OSU Extension Livestock Economist Dr. Derrell Peel Says Fear of The Unknown Driving The Cattle Market Now  Tue, 14 Apr 2020 09:59:16 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   2018  |   2019  |   Jan 20  |   Feb 20  |   Mar 20  |   Apr 20  |   May 20  |   Jun 20  |   Jul 20  |   Aug 20  |   Sep 20  |   Oct 20  |   Nov 20  |   Dec 20
       

    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.