11/23/2023 0 Comments Feeder cattle prices 2018![]() Considering the FPC is a free service provided by IGS, this tool provides a great opportunity for both cow-calf producers and feeders. There are clear, tangible benefits to both those selling and buying calves. Irvine: In talking with many producers about FPC, everyone I have encountered is excited about the FPC. Buyers are directed to get the cattle that have worked for the lot and/or processor – even if you are not seeing a direct premium today, avoiding reverse discrimination by not knowing if your calves are average or below, will pay dividends in the future as the new generation of buyers look for tools such as this to help them procure the more profitable cattle. ![]() Information is power and what gets measured can get done – so even if you are not receiving the premium that you think you should, we feel this can be an extremely informative tool to the producer to be sure that they are adding as much value as possible to their calves for the next owner in the process. ![]() I guess if the results happen to not be favorable, they can choose not to share them with their prospective buyers, but most importantly, this is a chance to find out specifically how your calves should be valued in relation to the average. Q: What would you say to someone hesitant about using the Feeder Profit Calculator?įorman: What do you have to lose? It is currently provided at no cost to the producer. Additionally, by scoring their calves, FPC provides the cow-calf producer a benchmark to make measurable progress moving forward, whether it be on the management or genetics side. Irvine: The FPC provides a great metric to gauge value for producers that have routinely invested in quality genetics as well as practice good management. It helps to reinforce what our position has been for years – producers have three things to sell – genetics, health and the management the cattle are under. Q: Why is having this information valuable to those supplying feeder calves?įorman: FPC is a well-designed third-party validation that helps to provide structured reasoning to establish value relative to the average feeder calf price dependent upon the producer inputs in regard to genetic selection, health and management. As seedstock producers, Irvine and Forman share their insight on the FPC: “Our hope is that with a certificate in hand, our customers who are already making investments in quality genetics, making further commitments to provide better health and management of their calves, will be rewarded,” Forman continues. All producer-provided information is highlighted on the official certificate, and an additional page is included, indicating all the genetic information provided. The finished product is a certificate that highlights the genetic and management predictions on calves along with certain carcass and growth traits. “As this tool gains traction and becomes commonplace for cattle buyers to use, producers will be better rewarded for their efforts, in respect to their investments in better genetics as well as improved efforts in preconditioning calves to offer a better product for the next link in the industry chain,” says Mike Forman, owner and operator of Trinity Farms, a 700-head ranch of registered SimAngus TM cows in Ellensburg, WA. The FPC incorporates genetic knowledge of mainstream sires, regardless of breed, preconditioning and vaccination information, and weaning management and responsible health programs to evaluate the value on a set of calves. ![]() The FPC offers a common language to bridge communication between those selling and purchasing feeder cattle.” Many producers try to do the right things in terms of management such as weaning and using sound vaccination practices, to prepare calves for the challenges they will face in the feedlot. “To date, there has not been a more accurate way to quantify calf value. “The FPC offers an objective way of describing the genetic merit on a set of calves,” comments John Irvine of Irvine Ranch, owner and manager of a 225-head operation of registered Simmental located outside of Manhattan, Kansas. International Genetic Solutions (IGS), a collaborative effort of numerous breed associations, has developed a tool to assist in determining feeder calf value, called the Feeder Profit Calculator TM (FPC). Historically, the primary limitation of valuing feeder calves has been accurately gauging the profit potential of the largest genetic group within the industry - the crossbred calf. Seedstock and commercial producers share their firsthand experience with ASA’s new and innovative feeder calf value prediction.īy Emme Troendle and Lilly Platts What is it?
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