Featured Post

Dr. Jamie Courter is your Mizzou Beef Genetics Extension Specialist

Image
By Jared E. Decker Many of you have probably noticed that things have been a lot less active on the A Steak in Genomics™   blog, but you probably haven't known why. In January 2021, I was named the Wurdack Chair in Animal Genomics at Mizzou, and I now focus on research, with a little bit of teaching. I no longer have an extension appointment. But, with exciting news, the blog is about to become a lot more active! Jamie Courter began as the new MU Extension state beef genetics specialist in the Division of Animal Sciences on September 1, 2023. I have known Jamie for several years, meeting her at BIF when she was a Masters student. I have been impressed by Jamie in my interactions with her since that time.  Dr. Courter and I have been working closely together the last 6 weeks, and I am excited to work together to serve the beef industry for years to come! Jamie holds a bachelor’s degree in animal science from North Carolina State University and earned a master's degree in animal

Drought Was Just One Reason the US Cow Inventory Declined

John Paterson
National Cattlemen's Beef Association

What are the causes of the change in cow numbers?
1. Drought
2. High feed prices
3. High operating costs
4. Age of beef producers
5. Competition with crop production for better income
6. Price of cull cows
Reduction in cows numbers has been due to more factors than just drought.

We have seen an 18% drop in producers from 35 to 55 years old. Sixty-five percent of the land is owned by producers over 55 years old.

There still remains unused capacity in the packing plant sector.
There is $65 return for acre for crop production, but only a $16 return for beef production. The switch from pasture to crop has reduced cow inventory in crop producing states.

Chandler Keyes stated that seventy percent of our beef comes from thirty percent of our producers.
Currently, the beef herd is expanding faster than expected.

Dr. Pete Anderson says the beef industry must produce big, high quality cattle to maximize revenue.

Decker's Take Home Message:
We know prices will come down once supply increases. What is your strategy to remain profitable? Using genetic tools to produce a high-quality product may be an effective risk management strategy.

Comments

Popular posts from this blog

Show-Me-Select Board Approves Genomic Testing Requirement for Natural Service Sires

New Show-Me-Select Sire EPD Requirements Announced