Extreme volatility is part of the market this fall. I have tried to use “The Boards” with mixed results, but my main strategy to limit risk is using planned genetics with a planned health and weaning protocol.
David makes connections, educates and is the go-to guy for anything CAB Prime or CAB Natural. He also watches the markets, both live cattle and boxed beef, like a hawk. He keeps our sales and supply development staff updated on markets as well.
We know there are no right or wrong, black or white answers in a fragmented industry of 750,000 independent individuals. But we do know that strategic genetic decisions can make a huge impact on profitability and consumer satisfaction.
These sights surely inspire me, so hopefully they did the same for the chefs–even if they saw them mainly out of SUV windows as the wind blew all around us!
“We have to be on the same page to promote beef and grow demand for it for every segment to be profitable into the future,” said Cargill’s Glen Dolezal.
It turns out that, at least in terms of taste buds, a consumer in central Nebraska isn’t so different from the clientele at a destination resort in North Carolina.
To most commercial producers, it’s not worth the time and labor, but I see the benefits of using a sequence of single, high-accuracy sires to build up herd genetics, aiming for more and more predictability.
Fact—Sure, every year is different and there’s no guarantee that you won’t lose money, and a lot of it, retaining ownership. But the odds are greatly in your favor if you do a little homework.
With the Choice/Select spread the same, the Prime premium is $21.71/cwt., carcass basis, according to USDA. So, Prime is worth another $184.54/head, in the meat,on top of the $47.90/head for Choice.
As you look at the cowherd this fall and find out which cows are open, and which cows had sorry calves, or which bulls didn’t perform up to expectations, maybe it’s time to re-evaluate where you are.
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