Price Slide Tool for Marketing Steers
Purpose and Intent:
This new price slide tool gives producers the opportunity to assess how changes in animal performance and/or marketing dates can impact per head revenues. This can help producers better understand how external market forces and changing management such as early weaning, partial or full destocking due to drought, or changing stocking rate and placement weights of yearling interact to impact their revenues.
Users will need to input future prices of corn which can be found here as well as the future price for fed cattle which can be found here. Users will also have to estimate animal weight by month.*
*Getting an accurate estimate on animal gain in a specific area might require producers to consult with a forage specialist and/or an animal scientist.
Video Tutorial:
Sources:
Baldwin, T. 2021. The Stocker Steer Quandary: Stocking Rate, Marketing Date, and Price Slides in Northeastern Colorado. University of Wyoming.
Baldwin, Tevyn, John Ritten, and Justin Derner. 2021. The Stocker Steer Quandary: The Price Slide. B-1371, University of Wyoming Extension, College of Agriculture and Natural Resources, University of Wyoming, Laramie.
Ritten, John, Steven Paisley, Bridger Feuz, and Hudson Hill. 2018. “What is the Price Slide?” Fact Sheet. Bulletin B-1319. University of Wyoming Extension, College of Agriculture and Natural Resources, University of Wyoming, Laramie.
Contact:
Dr. John Ritten, Associate Professor of Feedlot Systems, john.ritten@colostate.edu