Optimal Marketing Dates

John D. Lawrence and Priscila Aguiar

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: Cattle feeding is an important value added enterprise on Iowa farms, while production efficiencies impact feedlot success, buying and selling prices are the largest determinant of cattle feeding profits. Because of seasonal fed and feeder cattle and corn price patterns, some months are more profitable to produce and market cattle. Iowa State University Extension has calculated Estimated Returns to Feeding Steer Calves and Yearlings each month since 1974. This barometer of livestock profitability holds production parameters constant and changes the price variables each month for feeder cattle, fed cattle, corn, protein supplement, and interest rates. These data were summarized by selling month to compare average returns over the last 10 and 25 years. The base analysis looked at buying input and selling the cattle based on the monthly average price for the month they were purchased or sold. Feed inputs are priced each month during the feeding period. The impact of hedging 50% or 100% of the fed cattle sold was also considered in the analysis.

Date: 2005-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:12456

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