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


Internet Tools a Great Resource to Help Producers Develop Marketing Strategies and Manage Risk

Thu, 17 Aug 2017 11:48:24 CDT

Internet Tools a Great Resource to Help Producers Develop Marketing Strategies and Manage Risk The web-based calculator tool called, BeefBasis.com, is free to use and helps producers run the numbers on cattle marketing opportunities in their specific locations. Dr. Glynn Tonsor at Kansas State University, uses this tool and others on the internet, to develop marketing strategies for his cattle and to also manage his associated risk. Radio Oklahoma Ag Network Farm Director Ron Hays spoke with him about how producers can do the same. Based off his most recent calculations using the tool, Tonsor says cattle feeders, especially stockers, may have a prime opportunity coming up to sell some cattle.


“For somebody that’s entertaining retaining that animal, so instead of selling that steer in the middle of October, maybe holding until January…,” he explained. “Using the BeefBasis.com resource, I’m currently projecting a value of gain of about $92 per cwt.”


Of course, Tonsor cautions that these projections are not a risk-free guarantee, acknowledging the volatility in today’s markets. But, he says, if you can stomach a little risk and have access to cheap feed stuffs to pack the pounds on your cattle - the margins begin to look quite attractive. However, for those a bit more conservative, more interested in selling during that October period - Tonsor says there is another tool available to help you develop a cash strategy called, the K-State Feeder Cattle Risk Management Tool.


“The point of this tool is to basically outline the expected net selling price of doing nothing,” he said explaining how the tool factors in futures hedging, buying put options, purchasing LRP contracts through the USDA and other complicated strategies as well. “The punchline of that tool is to identify what the net selling price would be as of today if you implemented each of those strategies.”


Listen to Dr. Tonsor and Hays discuss some of the web-based tools designed to help producers develop their market strategies and what opportunities might arise in the near future, on today’s Beef Buzz.


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



   




   

Listen to Tonsor and Hays discuss web-based tools designed to help producers market their cattle
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Beef Industry Explores New Technology to Better Reach Consumers of Today's YouTube Generation  Tue, 20 Feb 2018 11:31:26 CST
  • Beef It's What's for Dinner Brand Demonstrates Impressive Staying Power with New Market Relaunch  Mon, 19 Feb 2018 12:10:00 CST
  • A Minor Tweak to Beef Checkoff Logo Has a Major Impact on Both Consumer and Producer Appeal  Fri, 16 Feb 2018 10:15:11 CST
  • Science is on Our Side - NCBA Making Sure That's Well-Known Ahead of the Next Dietary Guidelines  Thu, 15 Feb 2018 10:21:15 CST
  • Beef Becoming the Super Food We Always Knew It Was and NCBA's Shalene McNeill is Behind It All  Wed, 14 Feb 2018 10:16:18 CST
  • Merck Animal Health Introduces First and Only FDA Approved Drug for Controlling Pain in Cattle  Tue, 13 Feb 2018 10:03:21 CST
  • Beef Quality Assurance Program a Proactive Way for Industry Producers to Stay Ahead of Curve  Mon, 12 Feb 2018 11:10:47 CST
  • McDonald's Insider Rickette Collins Offers a Retailer's Perspective on the Value of the USRB's Work  Fri, 09 Feb 2018 12:20:43 CST
  • Australia's Recovering Beef Industry Poses a Threat as US Continues to Grow Its Asian Market Share  Thu, 08 Feb 2018 11:57:03 CST
  • USMEF CEO Dan Halstrom Says US Beef Exports on Track for Record Year in 2017, Maybe '18 Too  Wed, 07 Feb 2018 10:59:23 CST
  • Even with Growing Competition, CattleFax CEO Randy Blach Says Consumers Willing to Pay for Beef  Tue, 06 Feb 2018 10:16:43 CST
  • 2017 a Great Year for Producers - Here's CattleFax CEO Randy Blach's Advice for Keeping It Going  Mon, 05 Feb 2018 11:32:05 CST
  • CattleFax Senior Analyst Kevin Good Predicts Large Cattle Supply and Strong Beef Demand in 2018  Fri, 02 Feb 2018 13:26:18 CST
  • NCBA's Colin Woodall Gains More Positive Outlook on NAFTA 2.0 as Negotiations Pick Up Steam  Thu, 01 Feb 2018 11:36:49 CST
  • From Cattle Industry Conventon 2018- Don Close Previews US Beef Cow Herd Number Coming from USDA  Wed, 31 Jan 2018 06:19:04 CST
  • USDA Cattle Inventory Report Expected to Show Slightly Bigger US Beef Cow Herd- Derrell Peel Previews  Tue, 30 Jan 2018 05:48:58 CST
  • Placements Slightly Higher But No Real Surprises in Derrell Peel's Review of USDA's On Feed Report  Mon, 29 Jan 2018 12:04:30 CST
  • Traceability Programs Help Meet Our Customers Needs While Adding Value to Our Beef Supply Chain  Fri, 26 Jan 2018 11:22:57 CST
  • As NAFTA Meetings Progress, Ag Industry's Seat at the Table Remains Empty with Doud Still on Hold  Thu, 25 Jan 2018 10:32:42 CST
  • LMIC's Jim Robb Expects Lower Placements and Moderating Herd Growth in Cattle On Feed Preview  Wed, 24 Jan 2018 10:42:52 CST
  • Hannah Weeman of the Animal Ag Alliance Explains Why "Clean Meat" is a Dirty Word in Agriculture  Tue, 23 Jan 2018 09:52:46 CST
  • Animal Activists Resort to Using Religious Appeals to Convert Meat Consumers to a Vegetarian Diet  Mon, 22 Jan 2018 12:28:45 CST
  • No, It's Not Fake News - Starting Monday, Producers will be Required to File Report on POOP to EPA  Fri, 19 Jan 2018 12:02:39 CST
  • Don't Be Fooled by China's Slow Start - Derrell Peel Says Its Beef Market Holds Tremendous Potential  Thu, 18 Jan 2018 10:56:26 CST
  • Beef Exports Likely to Set Full Year Records in Volume and Value- Derrell Peel Analyzes 2017 Trends  Wed, 17 Jan 2018 11:00:38 CST
  • Ag Industry Holds Its Breath as FDA Mulls Proposed Regulation to Squash Gene Editing Applications  Tue, 16 Jan 2018 10:32:30 CST
  • What's Drugs Got to Do With It? Misconceptions Keeping Gene Editing from Revolutionizing Animal Agriculture  Mon, 15 Jan 2018 20:47:23 CST
  • In an Industry Where Variability Abounds, Keeping Your Pencil Sharp Might Make All the Difference  Fri, 12 Jan 2018 10:25:23 CST
  • With Tax Reform, Trade Negotiations Underway NCBA President-Elect Talks Where to Go from Here  Thu, 11 Jan 2018 10:29:53 CST
  • So, Just How Big is the US Cow Herd? LMIC's Jim Robb Says It's Big, But Growth Rate is Moderating  Wed, 10 Jan 2018 10:23:20 CST
  • Cattle Market Success in 2017 "Bodes Well" for Next Few Years as Industry Faces More Production  Tue, 09 Jan 2018 11:55:56 CST
  • LMIC's Jim Robb Highlights the Dynamics that Supported Better Than Expected Cattle Markets in '17  Mon, 08 Jan 2018 11:36:32 CST
  • NCBA Racing Against the Clock to Ensure Congress Makes Progress on Farm Bill Before Mid-Terms  Fri, 05 Jan 2018 12:04:38 CST
  • Colin Woodall Talks Trade and More on Today's Beef Buzz  Thu, 04 Jan 2018 19:57:06 CST
  • To Reach Out to Millennials- Visual is the Language of Information Today  Wed, 03 Jan 2018 09:44:56 CST

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   Jan 18  |   Feb 18  |   Mar 18  |   Apr 18  |   May 18  |   Jun 18  |   Jul 18  |   Aug 18  |   Sep 18  |   Oct 18  |   Nov 18  |   Dec 18
       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association Oklahoma City Farm Show

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.