Walt Beesley is Territory Manager for Livestock at FBN®.
18 Oct 2022
Should I keep my calves this year? Retained ownership is a simple question with several complex factors that need consideration such as: Cash Flow / Operating Capital Feed Availability Labor and Facilities Genetics Marketing 1. Improve cash flow/operating capital When we work with cow/calf producers, cash flow is the largest limiting factor to retaining calves. Business models and past practices have been geared to selling calves at weaning or shortly thereafter. The market pays premiums (or less discounts) for calves that have been weaned and vaccinated and started on feed. FBN® can assist with cash flow by providing financing options and Southwest Veterinary Services, FBN’s official veterinary partner, can help develop vaccination and health protocols with you that add value for the next owner. 2. Utilize available feedstuffs Feed availability, especially in drought stricken areas, can be the factor that prevents beef producers from keeping their calves at home. Lightweight calves can perform well on a number of different feeding regimens. Ingredient prices determine the best economic ration to obtain the desired rate of gain. Rations can be developed utilizing by-products from low quality products, such as gin trash and wheat middlings, to higher quality products like DDGs and soybean meal. Forages also come in a range of quality from corn stalks to silage and alfalfa. Even with higher corn prices, small calves can convert starch to beef efficiently and cost effectively. Each situation is different and FBN’s nutrition team can work with you to balance a diet utilizing FBN supplements that fits the feeds available in your area. 3. Consider labor and facilities Labor has become a struggle for many operations. Facilities can also limit a producer’s ability to retain cattle. Understanding the limitations and constraints of labor and facilities is a factor that needs to be considered while developing a feeding plan. Retaining ownership does not mean the calves must stay on your ranch or farm. If you retain ownership and elect to send your calves to someone else to feed, ask the feedlot or grow yard if they balance their rations for effective energy and amino acids. If they do not, you may be leaving money on the table and should have them contact FBN’s feedlot nutrition team . 4. Reap the reward for genetic improvements Why should others get paid for the improvements in your cattle herd? Many ranches have made efforts to enhance their genetics to increase feed efficiency and/or improve carcass quality. This work is sometimes overlooked by the market and the cow/calf producer is not rewarded properly for his/her investments. Retained ownership moves the ranchers a step or two closer to the beef consumer which increases the probability of retaining retail dollars. 5. Make a marketing plan Marketing calves at each step of the supply chain comes with its own unique set of challenges and opportunities. From grass fed to all-natural or one of many different post weaning vaccination programs, starting with the end target market in mind is key to optimize the dollar received for your calves. Copyright © 2014 - 2022 Farmer's Business Network, Inc. All rights Reserved. The sprout logo, “Farmers Business Network”, “FBN”, "Farmers First" and “FBN Direct” are trademarks or registered trademarks of Farmer's Business Network, Inc. FBN Direct products and services and other products distributed by FBN Direct are offered by FBN Inputs, LLC and are available only in states where FBN Inputs, LCC is licensed and where those products are registered for sale or use, if applicable. If applicable, please check with your local extension service to ensure registration status. Nothing contained on this page, including the prices listed should be construed as an offer for sale, or a sale of products. All products and prices are subject to change at any time and without notice. Terms and conditions apply. All product recommendations and other information provided is for informational purposes only. It is not intended to be a substitute for consulting the product label or for specific professional advice. Where specific advice is necessary or appropriate, consult with a qualified advisor. Neither Farmer's Business Network Inc. nor any of its affiliates makes any representations or warranties, express or implied, as to the accuracy or completeness of the statements or any information contained in the material and any liability therefore is expressly disclaimed. ALWAYS READ AND FOLLOW LABEL DIRECTIONS.