Marketing strategy influences optimum marketing date of steers in relation to corn price and days on feed

M. F. Wilken, J. C. MacDonald, G. E. Erickson, T. J. Klopfenstein, C. J. Schneider, K. M. Luebbe, Stephen D Kachman

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

Seven trials conducted at the University of Nebraska-Lincoln feeding similar diets were used to evaluate HCW change over the feeding period and to determine the influence of corn price on profit potential on a finished BW and HCW basis. Regression analysis of DP change over the feeding period was used to calculate HCW gain and HCW transfer in relation to BW gain. Economics were calculated with diet costs at $3.50, $5.50, and $7.50/25.4 kg corn price and cattle marketed at 75, 100 (1.2 cm of backfat), and 125% days on feed on both a BW and HCW basis. Results of the analysis demonstrate HCW increased quadratically (P < 0.01) at an increasing rate, whereas BW increased quadratically at a decreasing rate (P < 0.01). Transfer of BW to HCW increased linearly (P < 0.01), reaching 90% at final days on feed. Because DMI increased linearly (P < 0.01) and ADG decreased for both BW (linearly; P < 0.01) and HCW (quadratically; P < 0.01), BW G:F decreased in a linear (P < 0.01) fashion, whereas HCW G:F decreased in a quadratic (P < 0.01) manner. Economic analysis showed, regardless of marketing scheme, cattle received similar returns when marketed at 1.2 cm of backfat for all corn prices. Feeding cattle longer and marketing on a HCW basis observed the greatest returns and minimized losses. Overall, feeding cattle longer increased HCW gain and profit potential when selling on a HCW basis, which provides a biological explanation for the incentive to feed cattle longer.

Original languageEnglish (US)
Pages (from-to)224-236
Number of pages13
JournalProfessional Animal Scientist
Volume31
Issue number3
DOIs
StatePublished - Jun 1 2015

Fingerprint

marketing strategies
Marketing
Zea mays
cattle feeding
marketing
backfat
profits and margins
corn
cattle
cattle feeds
economic analysis
diet
Economics
Diet
regression analysis
economics
Motivation
Regression Analysis
Costs and Cost Analysis

Keywords

  • Carcass weight change
  • Feedlot cattle
  • Market factor
  • Profitability

ASJC Scopus subject areas

  • Food Science
  • Animal Science and Zoology

Cite this

Wilken, M. F., MacDonald, J. C., Erickson, G. E., Klopfenstein, T. J., Schneider, C. J., Luebbe, K. M., & Kachman, S. D. (2015). Marketing strategy influences optimum marketing date of steers in relation to corn price and days on feed. Professional Animal Scientist, 31(3), 224-236. https://doi.org/10.15232/pas.2014-01325

Marketing strategy influences optimum marketing date of steers in relation to corn price and days on feed. / Wilken, M. F.; MacDonald, J. C.; Erickson, G. E.; Klopfenstein, T. J.; Schneider, C. J.; Luebbe, K. M.; Kachman, Stephen D.

In: Professional Animal Scientist, Vol. 31, No. 3, 01.06.2015, p. 224-236.

Research output: Contribution to journalArticle

Wilken, MF, MacDonald, JC, Erickson, GE, Klopfenstein, TJ, Schneider, CJ, Luebbe, KM & Kachman, SD 2015, 'Marketing strategy influences optimum marketing date of steers in relation to corn price and days on feed', Professional Animal Scientist, vol. 31, no. 3, pp. 224-236. https://doi.org/10.15232/pas.2014-01325
Wilken MF, MacDonald JC, Erickson GE, Klopfenstein TJ, Schneider CJ, Luebbe KM et al. Marketing strategy influences optimum marketing date of steers in relation to corn price and days on feed. Professional Animal Scientist. 2015 Jun 1;31(3):224-236. https://doi.org/10.15232/pas.2014-01325
Wilken, M. F. ; MacDonald, J. C. ; Erickson, G. E. ; Klopfenstein, T. J. ; Schneider, C. J. ; Luebbe, K. M. ; Kachman, Stephen D. / Marketing strategy influences optimum marketing date of steers in relation to corn price and days on feed. In: Professional Animal Scientist. 2015 ; Vol. 31, No. 3. pp. 224-236.
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