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September 1, 2011
Beef Cattle
may use the Feeder Cattle Basis Forecast tool available at …
September 1, 2011
Marketing Strategies
may use the Feeder Cattle Basis Forecast tool available at …
March 1, 2012
Fed Cattle Pricing
Marketing cattle on a carcass basis may provide
greater transparency …
January 18, 2012
Leasing Papers
and Presentations
2
Tables 1‐3 below report model‐estimated average pasture rental rates for 2012 based
upon feeder cattle and corn prices for the first several weeks of January. Both feeder cattle and
corn prices are significantly above long‐term averages. As stated above, absolute values of
rental rates can (and should) vary considerably for many reasons. Thus, what is relevant in
tables 1‐3 are not necessarily the absolute rates (i.e., $/head or $/ac), but rather the change
from last year. That is, producers and landowners should look at how rates are expected to
change and apply that to rates from last year (assuming the base rate last year was
appropriate). While the results vary depending on cattle type and grazing program, they
generally suggest an increase in rental rates of 1‐3% from last year’s rates. The average annual
percentage change for the previous 30 years has averaged roughly 1.5 to 2%, thus this suggests
pasture rates in 2012 are expected to increase, in percentage terms, similar to long‐term
growth rates. Given the high feeder cattle and corn prices, it might seem rates would be
predicted to increase by more than 1‐3%, however, the reason for the modest increase is
because model‐estimated rates were up significantly in 2011. That is, much of the effect of
high prices of feeder cattle and corn was captured in 2011 rates. Thus, if actual rates last year
(2011) did not increase as the model suggested, they possibly should increase more this year
than what is shown.
It is important for landowners to recognize that while the current economic conditions
(i.e., high cattle and corn prices) reflect conditions that suggest pasture rental rates will be
higher than longer‐term averages, rates may need to decrease if and when conditions go the
other direction. For example, if cattle and/or feed prices change significantly in the next 30‐60
days, producers and landowners may want to “plug” those values into the model to see how
that impacts projected rental rates. Likewise, if prices increase significantly before the grazing
season starts, then it may be that rental rates will need to increase more than what is shown in
tables 1‐3.
Another consideration for pasture rental rates for 2012 will be the condition of the
pasture. The model‐estimated rates in tables 1‐3 do not take into account the significant
drought conditions that persisted in much of southern Kansas in 2011 and possible lingering
effects for 2012. Thus, if stocking rates need to be reduced in 2012 due to poor forage
conditions, it might be that pasture rental rates on a per acre basis might actually decrease
from last year. This provides a good example why producers and landowners should focus on
the rental rate per head (or per pair) as opposed to the rate per acre. For example, the rate for
short season grazing program with stocker cattle weighing 500‐700 pounds is estimated to be
up 2.4% (table 3), but if stocking rate (head/acre) needs to be decreased then it could be that
the rate per acre might decrease even though pasture costs per head are expected to increase.
What is important is that landowners and producers communicate to make sure stocking rates
are adjusted if necessary so as to protect the long‐term productivity of the pasture.
…
August 1, 2013
Pork Quality Grading System and Wholesale Pork Price Reporting
primarily on a relative price basis.
Second, the recent move … positioning pork more on a quality basis and less on a
lowest pricebasis.
Economic Impact
The …
Breakout Sessions
Kansas is operated on a leased basis. Given the capital intensive …
June 15, 2010
OFFAL VALUE
Live Animal Basis, Weekly
5.50
6.50
7.50
8.50
9.50
10.50
11.50
JAN …
January 23, 2017
Information Center
Beef Basis, Salina KS
Projections (as …
February 16, 2017
Prices and Price Forecasts
price since 2010 on a monthly basis. This
monthly correlation …
November 12, 2015
2015 Crop Insurance Workshop Presentations
period subtracting a $0.35 basis for soybeans and a $0.03 …