Instruments assist cattle producers with on-farm ending budgets

Many customers wish to purchase regionally produced beef, and College of Missouri Extension economists may help producers ship.

Beef producers who wish to end their cattle on their farms now have entry to new assets from MU Extension beef specialists to find out their ending budgets.

The On-Farm Ending Price range publication and spreadsheet instruments launched throughout Could – Nationwide Beef Month – present beef producers with assets to assist them make the most effective resolution attainable when contemplating retaining their calves previous weaning, stated MU analysis mission analyst Drew Kientzy.

“Volatility in beef costs and provides have extra producers contemplating the choice of selling their beef on to native customers,” stated Kientzy, who designed the spreadsheet fashions and drafted the information. “We hope this device helps producers resolve if they need to end their calves and the way greatest to promote the animals when prepared for slaughter.”

The Reside Sale price range sheets permits farmers to customise an enterprise price range for his or her beef operation elevating calves from delivery to slaughter weights. The Freezer Beef price range sheet permits farmers to guage promoting animals on to customers as entire, half or quarter carcasses.

A Retail Cuts sheet dietary supplements the Freezer Beef sheet, permitting producers to guage promoting their animals on to customers as particular person cuts with customized pricing by meat lower.

These new instruments assist producers perceive their revenue margins once they value beef for native markets, stated Jennifer Lutes, MU Extension agriculture enterprise specialist.

“It’s not a guessing recreation; producers can now make pricing selections primarily based on their very own manufacturing prices,” Lutes stated.

The publication is co-authored by Lutes and Ryan Milhollin, MU assistant professor of agricultural enterprise and coverage.

The publication and spreadsheet instruments can be found free of charge obtain right here.