Student-Managed Farm - Commercial Beef Unit Final Presentation 2019

Commercial Beef Unit

“Striving to raise quality beef through educational opportunities and hands on experience, while creating relationships within industry!”

Vision for Herd • Raise Quality Animals • Practice VBP + Procedures and Standards • Produce Feedlot Performance Cattle • Increase the Reproductive Efficiency • Continue with the Blaze Face Program • Stay involved with Canadian Western Agribition and Beef Day

Strengths

Weakness

• • • •

• • • •

Team bonding Strong communication Expanding market opportunities Time management

Large group size Pasture shortage Weaning weights Increased calving assistance

Opportunities

Threats

• • • •

• • • •

Good contacts within industry New blaze face bull Selling replacements at Beef Day Social media marketing

Feed shortage Market downfalls Not enough land to expand Biosecurity

Previous Recommendations • • • • • • •

Year‐long mineral program Maintain blaze face program Weigh heifers: twice a month Attend Czar Cattle Show in February Stay up‐to‐date on markets and sales Team bonding once a month Revaluate budget once a month

Progress Report • • • • • • •

Continued herd health checks Weigh heifers every two weeks Backgrounding/feedlot proposal Successful promotion of the unit Achieved VBP+ certification Minimal health issue cases Attended Czar cattle show

Short Term Goals • • • •

Strict culling procedure at weaning Continue with bi‐weekly weighins Stay up‐to‐date on record keeping Keep regular attendance at meetings

Long Term Goals • • • • •

Continue with blaze face program Maintain herd at 100 females Acquire long term pasture Increase weaning weights Interact with first years more in the Red Barn

Mission Statement “Striving to raise quality beef through educational opportunities and hands on experience, while creating relationships within industry!” ‐ Commercial Beef 2019

Herd Inventory

Cows

Calves

Replacement heifers

Bulls

Changes of Inventory April ‐ June

• Sold 9 cull cows

Oct. 18th

• Sold 7 open heifers

Oct. 27th

• Sold all 36 steer calves and 6 heifer calves

Nov. 20th

• Lost 1 bull do to a tragic accident

Nov. 24th

• Sold 5 heifers at Agribition

Changes of Inventory Jan.29th

• Sold 5 cull heifers

Feb. 20th

• Purchase of 1 bull

Mar.22

• Sold 9 heifers at Beef day

March.26

• Sold 2 Cull cows

Jan‐Mar

• 75 calves

Steer Sales

Beef Day vs NCLE • Beef Day – Heifers averaged $1,566 per head

• North Central Livestock Exchange – Heifers averaged $1,397 per head

Future Budget Prices • Steer Sales $1,230 per head • Cull cows $1,100 per head • Bred Heifers (Agribition) $2,300 per head • Beef Day average $1,500 per head

Calf Insurance • Cost of Production: $1.79 • Current Premiums: $108 per CWT for 550 weights

GOLD Industry Standard

SMF 2017/2018

SMF 2018/2019

43% Dams Weight

45.7% Dams Weight

43% Dams Weight

O – Open Rate

4%

17.9%

6.4%

L – Length Of Calving Season

63 Days

59 Days

83 Days

D – Death Loss

4% Or Less

2%

5%

G – Growth Rate

KPI Growth Rate

Open Rate

Length Of Calving Season

Death Loss

         

Lower weights than last year Drought First calf heifers Improve pasture management Improved over last year Addition of mineral program Spring nutrition Increased in bull power Increased length than last year Bulls were kept with cows longer

   

Above industry standard Premature birth Dead calf born Calf with heart problem

Weaning Weights

Treatment Calves

Cows

Heifers

VaccinationsÂ

Purchase of Bull

EPD Comparison CE

BW

WW

YW

MILK

MCE

MWW T

Simmental 6.8 breed average

3.3

68.3

101.0

26.7

4.0

60.9

Crossroad Black Riddler

3.5

83.4

124.9

30.2

7.3

71.9

7.3

Embryo Contract

Calving Season

First Cycle Second Cycle Third Cycle Late

Breeding Season

Nutrition Month

Cows Apr‐18 May‐18 Jun‐18 Jul‐18 Aug‐18 Sep‐18 Oct‐18 Nov‐18 Dec‐18 Jan‐19 Feb‐19 Mar‐19

Total

Calves $5,270.63 $3,246.24 $172.18

$77.56 $1,458.62 $177.73 $4,542.51 $3,931.30 $5,415.28 $6,418.91 $30,710.96

Bulls $561.86

$44.99 $697.65 $1,382.79 $1,260.22 $1,296.50 $1,084.24 $1,181.48 $7,509.73

$163.96 $166.80 $165.52 $496.28

Before Calving

After Calving $6,178.86

$15,765.49

Cattle Ration

Range and Forage

Beef Day Sale Beef Day Averages Average Per Head

$1,566

Lot Average

$4,700

Total Income

$14,100

Cattle Shows

Public Relations

Public Relations

Income $140,000.00 $120,000.00

Budget

YTD

$100,000.00 $80,000.00 $60,000.00 $40,000.00 $20,000.00 $‐ livestock products (embroys)

Cull Cow Sales

Heifer Sales (Agribition & Beef Day)

Steer Sales

Custom Work

Miscellaneous Income

Bull rental

Total

Income Livestock products (Embryos) Cull Cow Sales Heifer Sales (Agribition & Beef Day) Steer Sales Custom Work Miscellaneous Income

Expenses $45,000.00 $40,000.00 $35,000.00 $30,000.00 $25,000.00 $20,000.00 $15,000.00 $10,000.00 $5,000.00 $‐

Budget YTD

Expenses Feed Expenses/Bedding Pasture Rent Vet/Med Labor Utilities Insurance Deductions Corral Cleaning Equipment Rental Custom Trucking Miscellaneous Expenses New Bull

Financial Overview Income • Budget = $125,300.00 • YTD = $119,611.92 Expenses • Budget = $124,050.00 • YTD = $103,823.56 Net Income/Loss • $15,788.36 Cost of Production • $1.79

ABPÂ

Recommendations for next year • • • • • • •

Cow/Calf pairs back from pasture 1 month earlier Quarterly finance updates Sell steers direct to feedlot in the fall Increase information sharing with BIXS Re‐evaluate embryo contract Maintain blaze face program Winter mature bulls in the pasture

Thank You • New Holland • Pete Wilkinson & Farm Staff • Bevin Hamilton • SMF faculty advisors • Jack Rochford • Crossroad Farms • Josie Van Lent • Geoff Brown

• • • • • • • • •

First Year AST WRCH Vermilion Vet Clinic Jessica Emmott Tracy Quinton Janet Kerr Keshia Paddick Denise Martin Trisha Mechor

Thank You •

JBS

•

Tom McNeely

•

MCF Feeders

•

Bullseye Feeds

•

TK Ranch

•

Carolyn Cook

•

Quarter Circle X Ranch

•

Lacey Barrass

•

Bryon Wolters

•

Barnyard Creations

•

Wine Glass Ranch

•

Cairn’s Feedlot

•

Branded

•

Kinnear Ranch

•

Troy Drake

•

Melissa Downing

•

Sharon Reiter

•

Lewis Farms

•

Ron Hoffman

•

Deborah Wilson

•

Matt Rustemeier

•

George Larre