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Economic Comparison of Weaning and Feeding Strategies for Beef Production

Author

Listed:
  • Eisele, Kendall
  • Ritten, John
  • Bastian, Christopher
  • Paisley, Steven
  • Lake, Scott

Abstract

The current market environment for corn prices place many firms involved with cattle feeding in financial distress. Producers are looking for ways to ease the burden of higher feed costs and uncertainty associated with the grain market. Some options include altering weaning dates and implementing low cost feeding strategies that only utilize high cost feedstuffs at critical life stages. Profitability comparisons are made across alternative feeding and weaning strategies using a Monte Carlo simulation replicating both input and output prices for distributions based on historical data to assess overall profitability of the alternative management strategies analyzed.

Suggested Citation

  • Eisele, Kendall & Ritten, John & Bastian, Christopher & Paisley, Steven & Lake, Scott, 2012. "Economic Comparison of Weaning and Feeding Strategies for Beef Production," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2012, pages 1-11.
    • Handle: RePEc:ags:jasfmr:190730
    DOI: 10.22004/ag.econ.190730
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    File URL: https://ageconsearch.umn.edu/record/190730/files/372_Ritten.pdf
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    References listed on IDEAS

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    1. Ray F. Brokken & D. A. Dinius & T. M. Hammonds & John Valpey, 1976. "Framework for Economic Analysis of Grain versus Harvested Roughage for Feedlot Cattle," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(2), pages 245-258.
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    Cited by:

    1. Lacy, R. Curt & Pruitt, J. Ross & Hancock, Dennis W., 2015. "Economic Returns and Risk Analysis of Forage Wrapping Technologies," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2015, pages 1-15.
    2. Doye, Damona & McGee, Adam & Lalman, David, 2017. "Pr - Economic Analysis Of Forage Systems Designed To Intensify Beef Production," 21st Congress, Edinburgh, Scotland, July 2-7, 2017 345789, International Farm Management Association.

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    Keywords

    Livestock Production/Industries;

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