Beef Basis

Expected Price of 11/15/2022 Feeder Steers (3/31/22)

March 31, 2022 8:02 am Published by BeefBasis

Tables show expected future price forecasts for feeder steers sold on Noveber 15th 2022 at seven different locations. Forecasts for 475, 525, 575, 625 and 675 pound steers displayed in separate tables. Forecasts are based on current (as of 3/31/2022) December corn prices (value displayed below tables) Forecasts are shown for a range of October 2022 feeder cattle contract prices ($170-206) These tables were created using the BeefBasis Regional Price Comparison tool.

Expected Price of 10/15/2022 Feeder Steers (3/28/22)

March 28, 2022 12:51 pm Published by BeefBasis

Tables show expected future price forecasts for feeder steers sold on October 15th 2022 at seven different locations. Forecasts for 500, 550, 600, and 650 pound steers displayed in separate tables. Forecasts are based on current (as of 3/28/2022) December corn prices (value displayed below tables) Forecasts are shown for a range of October 2022 feeder cattle contract prices ($170-206) These tables were created using the BeefBasis Regional Price Comparison tool.

February LC Contract (1/5/22)

March 21, 2022 10:40 pm Published by BeefBasis

@mbacowboy – January 5, 2022 This is an interesting monthly chart of February Live Cattle, comparing the breakout from the last cattle cycle to the recent breakout in this cattle cycle. The trendlines are identical. If the mirror pattern continues, Feb could trade sideways for several more months.

March Feeder Cattle (1/4/21)

10:38 pm Published by BeefBasis

@mbacowboy – January 4, 2022 A break in August live cattle combined with higher corn prices rocked March feeder cattle today. We knew a break was coming, and I doubt we put in the high for the year yesterday. The contract could still easily break another $4 before rallying.

March Feeder Cattle

10:33 pm Published by BeefBasis

@mbacowboy – December 3, 2021 March Feeder cattle have followed similar resistance slopes on rallies, and two different support slopes on corrections. Following these trendlines, March could see $170 next week if this was a short term correction, or $160-$165 if this correction continues.

Selected Forecasting Tools

Stocker
Index
Retained
Ownership
Value
of Gain
Ration
Calculator

BeefBasis Stocker Index

Determining the value of calves to buy and sell is never an exact science. And it’s become tougher, given the sweeping price variations between geographic regions and weight classes week to week, and the sheer price level of all cattle.

The Stocker Index reflects a 7-day weighted average price of medium and large framed steers weighing 350-650 pounds. The data used to calculate the index comes from auction reports generated by the USDA.

Retained Ownership Calculation

Are you considering retaining ownership of feeder cattle beyond the traditional time of sale? Our Retained Ownership tool can help evaluate potential profit.

Calculate per head or per cwt profitability, break even values, and auction equivalent prices
Account for cattle lot characteristics such as starting and end dates, weights, and conversion rates
Understand cost structure and keys to success for your operation

Value Of Gain

Cattle production profitability fluctuates with the value of gain (VOG) implied by dynamically changing market prices. Use the VOG calculator to keep track of current estimates for your cattle.

Calculated using nearby and deferred cattle futures contract prices
Analyze VOG for alternative selling dates, buy prices
Evaluate opportunities to lock in prices and profits

Ration Calculator

Construct an optimal ration for your cattle using the Ration Calculator.

Build the mix of ingredients that works for your cattle
Compare nutritional contribution of ingredients to animal requirements
Use preloaded feed value estimates or enter your own
Assess cost totals and alternatives

Instant Price Forecast

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