Why price slides at livestock markets and in forward price contracts are important when making production and marketing decisions is explained in a new publication from the University of Wyoming Extension.
Price slide is the naturally occurring phenomenon that cattle prices tend to decrease as an animal’s weight increases.
What is the Price Slide?, B-1319, is available for viewing or free download by going to www.uwyo.edu/uwe and clicking on Find a Publication. Enter the title or number.
If making operational changes to increase weaning weights – for example, buying more expensive bulls or shifting calving dates – understanding how that decision affects calf values, not just weights, can be important, stated the authors. Understanding how price slide affects forward contracts can help producers decide whether or not to deliver calves that are under or over the agreed-upon weight.
Bulletin authors are UW Extension agricultural systems specialist John Ritten, extension livestock marketing specialist Bridger Feuz, beef cattle specialist Steve Paisley and extension educator Hudson Hill. For more information, contact Ritten at 307-766-3373 or firstname.lastname@example.org, or Feuz at 307-783-0570 or email@example.com.
“What is the Price Slide?” is among many free guides, courses and videos from UW Extension to help extend skills in ranching, irrigation, small acreage management, succession, legacy and estate planning and more. YouTube video series from UW Extension include “Barnyards and Backyards,” “From the Ground Up” and “Exploring the Nature of Wyoming.”
Statewide leadership and an emphasis on what’s of benefit to Wyoming agriculture prompted recognition of a Slater producer by the Wyoming chapter of an international honor society of agriculture.
Gregor Goertz and his wife, Cindy, received the Distinguished Service to Agriculture Award from Gamma Sigma Delta during its awards program Saturday, April 21, at the University of Wyoming.
UW Extension beef cattle specialist Steve Paisley noted the couple’s establishment of an organic dryland farming operation, their direct marketing natural beef company and organizing and developing local wind energy opportunities.
“Gregor is not only a successful businessman and agriculturalist, he recognizes the importance of providing input and guidance for agricultural programs on a statewide level,” said Paisley.
Goertz served from 2009-2017 as executive director of the Wyoming Farm Service Agency and was a member of the advisory board to the James C. Hageman Sustainable Agriculture Research and Extension Center near Lingle, in addition to numerous committees and associations.
He grew up on the family farm and ranch near Slater and attended Western Wyoming College. He returned to the family farm and enlarged the operation to 24,000 acres with 5,000 acres of farmland. The couple established the farmland as 100 percent certified organic selling primarily dryland wheat but also raising organic oats and hay for their cowherd.
The couple in 2004 developed Wyoming Pure LLC, a direct marketing beef company.
Factors influencing livestock and grain costs and price forecasts and the international trade outlook start the Range Beef Cow Symposium Tuesday-Thursday, Nov. 28-30, in Cheyenne.
All events are at the Little America Hotel and Resort. See the list of speakers and preregistration information atwww.rangebeefcow.com.
Greg Hanes with the U.S. Meat Export Federation offers the international trade forecast.
“With the rules for beef trade to China finalized this past June and trade agreements such as NAFTA being reviewed, this is a critical time for beef producers and industry organizations to be aware of international trade opportunities and challenges,” said Steve Paisley, University of Wyoming Extension beef cattle specialist and a conference organizer.
Jim Robb with the Livestock Marketing Information Center will examine market data and influences on livestock and feed grain prices.
South Dakota Red Angus breeder Craig Bieber will share management decisions his family operation has made to adapt to drought. Also from South Dakota, cattleman Troy Hadrick will present the genetic tools he uses for selection and marketing.
Other Tuesday subjects include insight on range mineral nutrition, a debate on genetic testing versus visual evaluation, a meat cutting demonstration, and a meat science presentation by Warrie Means, University of Wyoming Extension meats specialist and associate professor.
Dates for one of the premier production beef cattle symposiums in the country have been set.
This year’s XXV Range Beef Cow Symposium (RBCS) is Tuesday-Thursday, Nov. 28-30, at the Little America Resort and Convention Center in Cheyenne, said Steve Paisley, University of Wyoming Extension beef cattle specialist.
The symposium begins at 9 a.m. Tuesday and concludes Thursday with a half-day cattle-handling workshop. Additional information such as agenda, registration and lodging is available at www.rangebeefcow.com.
More than 25 speakers will address beef production topics such as nutrition, marketing, health, reproduction, consumer demand and current industry issues.
“The Range Beef Cow Symposium is a great opportunity to listen to nationally recognized speakers on a wide variety of topics,” said Paisley, who is also an associate professor in the Department of Animal Science in UW’s College of Agriculture and Natural Resources.