BeefWatch Articles from May 2020

BeefWatch Articles from May 2020

Live Cattle Basis Due to Covid-19: Deviations and Convergence

A Fundamental Review on Basis

Basis is defined as the cash minus futures. Cash market reflects today's supply conditions and price. Futures market reflects upcoming supply and demand conditions. If it is anticipated that there will be a period of increasing supplies, futures prices will decline to reflect that information. Likewise, periods of time with expected decreasing supplies, future prices are expected to increase.

Pre-COVID-19 Market Conditions Persist & the Stocker Industry Can Dampen the Damage

The effects of COVID-19 on the livestock market are well known and felt. Some effects include depressed futures and cash prices, unusual basis patterns, decreased packer bids and sale barn volume, packing plant closures, consumer hording of meat products, and shifting food service products for retail consumption. All these effects occurred as market participants grappled with everchanging government and industry policy which reduced consumer demand and resulted in bottlenecks and increasing supply gluts upstream.

What is your Competitive Advantage?

One of the ways that beef producers can be successful in their business is to identify what their competitive advantage is in relation to their competition.  What is it about your product, skills, reputation, business structure, location or service that sets you apart from others?  What gives you a “leg up” on the competition?

Will Feeding Silage to Lactating Cows Give my Calves Scours?

Many cow-calf producers in Nebraska have become accustomed to using distillers grains as a source of both protein and energy to help meet the nutritional needs of lactating cows from calving until green grass is available. Due to the ongoing distillers shortage, many producers are considering including corn silage in the ration to help alleviate some of the energy shortfall in their hay resources. However, concerns have been expressed that silage in the diet will result in diarrhea or scours in their calves.

It is Canada thistle, not Canadian thistle . . .

Early Detection and Rapid Response (EDRR) is a concept to identify potentially invasive species prior to or just as the establishment of the invasive is taking place.  An Integrated Pest Management plan (IPM) can be developed to manage, contain and eradicate the invasive species before it can spread further.  This will avoid costly, long-term control efforts.

Flooded Sandhills Subirrigated Meadows and Upland Sites

Meadows cover approximately 10% of the land area in the Nebraska Sandhills. These meadows have both subirrigated and wetland ecological sites that are an important forage resource (hay and grazing) for many ranches in the Sandhills. Meadows typically provide 2 to 3 times more forage than associated Sandhills uplands. Meadows are also vital to the biodiversity and hydrology of the Sandhills with many native wildlife and plant species found in these subirrigated and wetland areas.