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

  • South Dakota Rancher Todd Wilkinson Tells EPW, Cattlemen Part of the Solution to Climate Change  Tue, 22 Oct 2019 07:53:15 CDT
  • Rabo Analyst Don Close Predicts Grow Yard Concept Will Become Essential to the Beef Pipeline System  Mon, 21 Oct 2019 11:56:03 CDT
  • OSU's Janeen Salak-Johnson Tells Cattle Producers Being Open to Doing Things Differently Can Save an Industry  Fri, 18 Oct 2019 15:02:09 CDT
  • OSU's Janeen Salak-Johnson Warns Beef Producers of the Coming Scrutiny from Animal Welfare Activists  Thu, 17 Oct 2019 05:56:09 CDT
  • Letting the Markets Do What They Do - Economist Glynn Tonsor Explains All  Wed, 16 Oct 2019 07:45:29 CDT
  • NCBAís Season Solario Explains How the Checkoff is Working to Head Consumers Off at the Pass, Digitally Speaking  Tue, 15 Oct 2019 09:31:40 CDT
  • NCBAís Season Solario Unveils the Magic Behind the Success of the Beef. Itís Whatís for Dinner Brand  Fri, 11 Oct 2019 06:26:18 CDT
  • Changes in the Dynamics of Global Beef Trade Evident in Latest Export Numbers Out from USMEF  Thu, 10 Oct 2019 13:42:22 CDT
  • Markets Well Down the Road to Recovery as Heat from the Tyson Fire Cools Down  Wed, 09 Oct 2019 05:54:36 CDT
  • With a Trade Deal in the Bag, NCBAís Kent Bacus Says Nothing Stands in the Way of US Beefís Domination in Japan  Tue, 08 Oct 2019 20:05:48 CDT
  • The Numbers Donít Lie - K-State Economist Glynn Tonsor Says No Beef Demand Bump from COOL  Mon, 07 Oct 2019 08:20:15 CDT
  • Better Times Ahead for Cow/Calf Producers Says LMIC Senior Economist Jim Robb  Fri, 04 Oct 2019 07:00:38 CDT
  • Market Watcher Jim Robb Suggests Aggressive Female Slaughter Activity May Set Stage for Higher Fed Prices  Thu, 03 Oct 2019 08:00:20 CDT
  • LMAís Chelsea Good Shares Her Thoughts on Today's Hot Button Issues in the Animal Ag Industry  Wed, 02 Oct 2019 09:26:24 CDT
  • Livestock Marketing Associationís Chelsea Good Working with Industry Partners to Address Post-Fire Market Concerns  Tue, 01 Oct 2019 06:28:51 CDT
  • okPORK's Roy Lee Lindsey Exposes the Hypocrisy of Mandatory Country of Origin Labeling  Mon, 30 Sep 2019 18:14:34 CDT
  • NCBAís Colin Woodall Pushes Back on OCMís False, Inflammatory Claims Regarding Checkoff Funding  Mon, 30 Sep 2019 11:50:44 CDT
  • King Ranch Institute's Dr. Clay Mathis Talks Technology on the Ranch, and How to Make Money Using It  Fri, 27 Sep 2019 14:29:24 CDT
  • King Ranch Institute's Dr. Clay Mathis Talks Technology on the Ranch, and How to Make Money Using It  Fri, 27 Sep 2019 10:36:39 CDT
  • Trump Strikes Deal with Japan - NCBA Lobbyist Colin Woodall Affirms It's Just What Cattlemen Wanted  Thu, 26 Sep 2019 10:25:22 CDT
  • Grow Yard Concept Finding Its Footing in Beef Industry - Analyst Don Close Says Opportunity Abounds  Tue, 24 Sep 2019 10:30:21 CDT
  • K-State's Glynn Tonsor Says Struggling Cattle Markets Propped Up By Robust Domestic Beef Demand  Mon, 23 Sep 2019 11:53:00 CDT
  • Burger King Reports Increased Sales of Conventional Beef Burgers Alongside Climbing Impossible Burger Sales  Fri, 20 Sep 2019 10:34:32 CDT
  • USMEF's Dan Halstrom on What Japan's Meat Trade Really Wants from the US Beef Cattle Industry  Thu, 19 Sep 2019 10:11:34 CDT
  • Formal Agreement with Japan Announced by White House Could Help Grow Island's Taste for Tongue  Wed, 18 Sep 2019 11:05:20 CDT
  • OSU's Janeen Salak-Johnson on Killing the Sacred Cows of the Beef Business, How Being Open to Doing Things Differently Can Save an Industry  Tue, 17 Sep 2019 10:34:24 CDT
  • OSU's Janeen Salak-Johnson Warns Beef Producers of the Coming Scrutiny from Animal Welfare Activists  Mon, 16 Sep 2019 11:07:53 CDT
  • Repeal of WOTUS Strikes Emotional Chord with OCA's Michael Kelsey, Reflecting on Action's Significance  Fri, 13 Sep 2019 11:36:52 CDT
  • American Angus Assoc. CEO Mark McCully Reflects on the Angus Breed's Role the Beef Industry Today  Thu, 12 Sep 2019 11:49:28 CDT
  • Fall Looking Like a Mixed Bag for Beef - Peel Advises Producers Pay Close Attention to Market Dynamics  Wed, 11 Sep 2019 10:06:31 CDT
  • Fall Looking Like a Mixed Bag for Beef - Peel Advises Producers Pay Close Attention to Market Dynamics  Wed, 11 Sep 2019 10:04:16 CDT
  • Cattle Markets Not Expected to Improve as Seasonal Demand Shifts into Lower Gear Heading into Fall  Tue, 10 Sep 2019 10:22:26 CDT
  • State Officials in Colorado Help Local Farmers, Ranchers Launch New "Better With Beef" Initiative  Mon, 09 Sep 2019 11:21:19 CDT
  • Beef Industry Soon to Launch New Campaign Leveraging Consumer Interest in the BQA Program  Fri, 06 Sep 2019 10:06:04 CDT
  • NCBA's Alisa Harrison Highlights the Tremendous Value Digital Marketing Adds to the Beef Checkoff  Thu, 05 Sep 2019 10:27:08 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   2018  |   Jan 19  |   Feb 19  |   Mar 19  |   Apr 19  |   May 19  |   Jun 19  |   Jul 19  |   Aug 19  |   Sep 19  |   Oct 19  |   Nov 19  |   Dec 19
       

    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.