OFFICIAL PUBLICATION of the HEARTLAND LIMOUSIN ASSOCIATION • SEPT/OCT 2016 Kentucky Horse Park in Lexington, site of the NALJA show.
NEWS Back In Time..........................24, 29 Covering Ground..........................4 Fullblood Limousin Alliance.....18 Heartland Calendar.......................3 Heartland Highlights........ 30 & 31 Heartland Regional Show..... 10-12 Junior Beat.............................. 40-42 NALJA Results................... 32 & 33 On The Road Again................6 & 7 Recipe of the Month......................6 Sale Reports............................ 34-39
STATE NEWS Iowa News.............................. 14-16 Kansas News........................... 19-21 Minnesota News..........................22 Missouri News.................24, 25, 26 Nebraska News............................27 South Dakota News.....................28 Wisconsin News..........................29
ADVERTISERS Barnaud Limousin.......................35 Crockett Rose Branch Farm.........5 Double A Land & Cattle.......... IFC Foundation Sale...........................13 Franseen Limousin......................27 Heartland Limousin Assn...........12 Heart Of Missouri Sale.................9
Start Thinking About Marketing Calves Tips for Calculations
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ow is the time to start thinking about marketing opportunities for calves this fall. While prices are well below what was received last year at this time, considerations can be given to the seasonal aspects of feeder cattle prices and the opportunities that may exist to utilize risk management tools. Seasonal increases in feeder cattle prices have occurred in late July and early August during 10 of the past 14 years. Analyzing summer feeder cattle
sales and the futures market in July helps determine the outlook of prices this fall. A run up in prices may create an opportunity to purchase Livestock Risk Protection (LRP) for feeder cattle during a time when prices are seasonally higher than entering into the fall run. Additional information on utilizing LRP can be found in the Neb-Guide, “Livestock Risk Protection Insurance for Fed Cattle.” When evaluating whether to retain or sell calves, value of gain becomes
Leonard Limousin.......................21 LIMI-Gene...................................18 MC Marketing Management.......3 Nolz Limousin.............................16 Peterson Limousin.......................29 Pinegar Limousin..........................8 Posthaven Limousin....................23 Rockin R Ranch...........................37
Wulf Cattle ............................. OBC
Volume 24 • Issue 4
Vorthmann Limousin.................17
Time-Dated Material
South Fork Ranch........................42
Heartland Limousin Association 23244 Gopher Drive East Bethel, MN 55005
ROM’N Limousin........................43
an important factor. Value of gain is calculated as the difference in final and initial value of the animal, divided by the pounds of weight gain. The example below demonstrates how to calculate the value of gain of a 600-lb. steer that will be grown to reach 850 lbs. by the end of the backgrounding phase: • Initial value: 600-lb. steer at $1.45/lb. = $870 • Final value: 850-lb. steer at $1.30/lb. = $1,105 • Difference in value: $1,105 - $870 = $235 • Weight gain: 850 lbs. – 600 lbs. = 250 lbs. • Value of gain: $235/250 lbs. = $.94/lb. Retained ownership of calves is a cost-effective option when value of gain is greater than cost of gain. Backgrounding provides an opportunity to grow calves to heavier weights using inexpensive byproducts, forages, or crop residues. Calves can then be sold at a more favorable time after the surplus of newly-weaned calves is sold in the fall. Continued on page 3