Website Could Help Beef Producers Improve Marketing DecisionsWed, 06 Apr 2016 19:14:13 CDT
Because strategically marketing cattle could mean a vast difference between profit and loss these days, decision support tools like BeefBasis.com are especially helpful in managing that risk. The site offers comprehensive market data, various calculators and forecaster tools.
Glynn Tonsor, associate professor of agricultural economics at KSU, says the website is a great resource for determining the right time to sell backgrounded cattle. Specifically, the Value of Gain forecaster may help producers who are considering the value of additional weight gain versus what is cost to put those pounds on. The tool is tied to the feeder cattle futures market and allows producers to look at prices in specific locations.
Tonsor talks more about the interactive website during this week's Beef Buzz.
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.
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