Page 24 - MWC 08-19-2021s

MARKET REPORT
A MASTER PLAN The Midwest Cattleman · August 19, 2021 · P24
continued from page 17 standing heat. Though it is Technological advance-
Feeder Cattle Daily
With a dad who was an
Live Cattle a little more labor intensive, ments like embryo transfer
we are rewarded with better continue to be a theme at
early adopter of A.I., the Ir- conception rates.” Irvine Ranch. Most recently,
vine brothers grew up learn- Even if A.I. is a key com- the central focus has turned
ing the value in such exact ponent of the Irvine Ranch to developing tools for im-
matings. As a result, they protocols, the Irvines don't proving feed efficiency.
have elected to use A.I. sires measure their impact on the “Feed typically accounts
exclusively to move that ge- beef industry by IR studs in for 60% or more of our cus-
netic needle. the semen catalogs. tomers' annual variable ex-
“In addition to the genetic wisdom penses,” John said. “Given
“Conventional
improvement aspect of A.I.,” says that a seedstock breed- the economic importance of
John said, “there are some er’s 'success' is measured by this trait, we founded Bova-
other benefits from a total how many bulls they land bytesTM, LLC, an innovative
herd A.I. standpoint: Each in stud,” John said. “Irvine and precise, patent pending consequently our bulls hold
mating is a precision mat- Ranch believes that the true technology that measures in- up for many years of service.”
ing. We know when every measure of our success is dividual animal feed intake. Even with proven pedi-
cow is going to calve and are how well our genetics work Each animal is individual- grees, EPDs and progeny,
able to group cows in calving in commercial cow/calf op- ly identified as it eats, the and so much data to back
pastures by due date to aid erations, feedlots, and in weight of the feed is record- up the cattle, Irvine Ranch
Feeder Cattle: All you have to do is look at the corn market for a reason for the
Live Cattle: My thoughts center around this market stabilizing now. I’ve been
management through calv- terms of end product value. ed 10 times per second, and believes there is more to be
placing a bullish tilt to this market for some time now. I may need to temporarily
pull-back in feeders. If I owned a feedlot I’d be nervous to say the least. I do feel
extended to a customer. A 12-
place this on “hold” for a while. The higher placements the last three months will
ing season. We do not have to These are the real profitabil- the feeder market has overdone it to the downside and it will be tough to break it
have a negative impact on prices yet, so like they say, “All good things come to those proprietary software filters
month Fertility Guarantee
worry about injury or disease further. The early corn harvest has most feeder buyers in the field and I don’t think
who wait”. I see production numbers staying over last years’ levels until at the several million data points
is provided on sale animals,
to a cleanup bull, whether he ity drivers for our customers, they’ve really had time to concentrate on buying feeders. Let’em get caught up a
keeping them in business for
least the end of the year. Beef shipments have been lagging last years’ levels now gathered each day to provide
little and they’ll head to town.....checkbooks in hand....bulging with “corn” money.
is getting cows bred on the a precise individual account- in addition to Irvine Ranch’s
This market will rally....wait and see.
for about a month. Two weeks ago they were 8% lower than last year. This weeks
ice, etc.” the long haul.” Disposition Guarantee.
report showed exports a whopping 56% lower than last year. This ain’t good. Low
In addition to custom- ing of each individual ani-
John admits that it takes
imports and high exports have held this market up all summer. We’re starting to “Disposition is a trait in
er testimonials and feedlot mal’s daily feed intake. The
commitment and a good set data, IR females are padding ability to identify cattle with which we have applied great
lose some of that. I just can’t pull the trigger yet on long term bullish hopes.
of eyes to heat check their the end product by proliferat- improved efficiency genet- selection pressure,” John
primarily fall calving herd. ing their own proficiency. The ics is vital in two production said. “Our customers and us
Trading commodity futures involves substantial risk of loss
But the seasons are tight cream of the crop are put into phases -- cow maintenance alike appreciate cattle that
and my not be suitable for all investors. The recommendations
Rich Nelson
express opinions of the author. The information they contain is
and conception rates are the Irvine Ranch donor pro- and feedlot cost of gain. These are easy to handle. Since
Allendale Inc.
obtained from sources believed reliable, but is in no way guaran-
Allendale Inc.
high. Cows have a 60 day gram. Selected for the em- are two significant profitabil- initiating this guarantee
teed. The author may have positions in the markets mentioned
815-578-6161

including at times positions contrary to the advice quoted herein.
season, and heifers 45 days. bryo program are among the ity drivers for our customers, around 10 years ago, we have
rnelson@allendale-inc.com
Opinions, market data, and
recommendations are subject to change at any time.
A.I. conception rates are typ- most elite in terms of genet- particularly in the high-cost only had two instances that
What Does this Report Mean to Me?
ically 80% first service con- ic values, both in the Irvine feed environment the indus- a customer requested a re-
ception on cows. Open cows Ranch herd and in the breed, try faces today.” placement bull.”
Q #1
are culled. according to John. A majority of their bulls Finally, spring breeders
“After many years of ex-
What do you think the price of fats will be in April 2011 buying a bull in the Irvine
“When sorting through the and replacement females
clusive A.I., we have devel- ASA database, one will find are being tested each year. Ranch fall sale need not
Answer: It’s hard to see the forest for the trees here, but peering through the foliage I see $105.00 fats on the horizon for April. Demand is
oped a highly fertile cowherd the IR prefix at the highest Irvine Ranch is also testing worry. Irvine Ranch offers a
going to have to kick in though in order to get it.
that fits our Flint Hills en- levels for All Purpose Index some groups of commercial Winter Care program that al-
vironment well,” John said. ($API) and Terminal Index replacement heifers. lows them to develop bulls for
Q #2
“Cows that did not fit, leave ($TI),” John said. “Much of “With high efficiency bulls, those customers during the
Due to the recent break in feeders, would you be holding your fall-weaned
the system.” critical 12 to 18 month time
this can be attributed to the Irvine Ranch is calculating
calves for a while or letting them go? period of their purchased lot
Semen quality is an im-
portant factor they monitor rate of progress achieved the ability to improve prog- maturing.
Answer: What ever happened to the easy questions? This will depend upon your weaning sched-
through our 20-year ET pro- eny feedlot profitability by
closely. Timing of insemina- gram and working with a ter- $50-$75 per head in one gen- Service doesn't end when
ule and your available feed supply. I’m long term bullish the feeder market but the “reality” of
tion is another critical com- rific embryologist, Dr. Clay eration,” John said. “In many a bull goes to his new home.
right now probably dictates letting them go. If you keep them for an extra 30 days, make sure you
ponent. Irvine Ranch helps custom-
Breiner, Cross Country Ge- years this dollar amount
minimize the grain in the ration. Grow them on good forage....”sell” $4.50 corn. If the fat market ers market their calves by
“While we do some syn-
stays sluggish and corn prices don’t moderate, about the only thing you’ve got to hang your hat on
chronization,” John said, “all netics.” represents the difference be- utilizing ASA’s Feeder Profit
tween being in the black ver-
breeding is done based on sus the red.” Calculator (FPC).
for “higher feeders” is “Hope”.
“It is a tool that scores a
November 6th group of calves based upon
It's not about rapid gain,
but appropriate gain, accord- genetic and management
Auction
ing to John. merit,” John said. “With
“Irvine Ranch bulls are this tool a prospective buyer
Lunch at 11:00 a.m.
developed for maximum lon- can evaluate the calves ex-
gevity, not maximum gain,” pected feedlot performance
Sale at 12:30
he said. “We develop ra- based upon this objective,
Sale Offering
tions that allow the bulls to third-party scorecard. It has
16 - 2010 Heifer Calves Jan. - May
demonstrate their genetic been a great tool to help our
RH Standard Lad 0313
16 - Breeding Bulls 7 to 18 months
ability for gain relative to customer capture the value
16 - Spring Calving Bred Females
Solid As A Rock Sire Group
Reynolds Herefords
16 - Spring Calving Black Females
their contemporary group, of their investment in good
Bred to Hereford Bulls
without gaining too quickly. genetics, and to help buyers
1071 County Road 1231
8 - Fall Calving Pairs
EPDs much more accurate- understand more about the
6 - Show Steer Prospects
ly predict the bull’s genetic cattle they are buying.”
Huntsville, MO 65259
Both Horned & Polled Offered
values for growth traits than
Home: 660-277-3679 • Matt: 660-676-3788
November 5, 2010 Sale offerings on
573-641-5270 actual weights. Our custom-
Display 3:00 P.M.
ers appreciate the fact that • Barb: 660-676-4788
CHB Dinner at 6:00 P.M.
Call or E-Mail for Catalog
we do not sell fat bulls, and Email: reynoldscattle@cvalley.net