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CATTLENOMICS. Derrell S. Peel Agricultural Economics Oklahoma State University. PART 1: INDUSTRY DEMOGRAPHICS. U.S. All Cattle and Calves Since 1867. Oklahoma All Cattle and Calves Since 1867. 1 TX 13,600 2 KS 6,600 3 NE 6,400 4 CA 5,200 5 OK 5,200 6 MO 4,350 7 SD 3,950
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CATTLENOMICS Derrell S. Peel Agricultural Economics Oklahoma State University
1 TX 13,600 2 KS 6,600 3 NE 6,400 4 CA 5,200 5 OK 5,200 6 MO 4,350 7 SD 3,950 8 IA 3,550 9 WI 3,300 10 CO 3,050 1 TX 2,890 2 KS 2,530 3 NE 2,370 4 CO 1,210 5 IA 955 6 CA 480 7 OK 365 8 SD 355 9 ID 335 10 AZ 305 January 1, 2002 (1,000 Head)All Cattle and Calves Cattle on Feed
1 TX 5,440 2 MO 2,060 3 OK 1,933 4 NE 1,932 5 SD 1,792 6 KS 1,485 7 MT 1,451 8 KY 1,075 9 TN 1,060 10 ND 1,008 1 TX 750 2 MT 370 3 OK 330 4 SD 300 5 NE 285 6 MO 280 7 KS 230 8 TN 175 9 KY 170 10 WY/AR 165 January 1, 2002 (1,000 Head)Beef Cows Beef Heifers
1 TX 3,740 2 OK 2,375 3 KS 2,135 4 MO 1,620 5 NE 1,620 6 CA 1,370 7 SD 1,280 8 IA 1,075 9 MN 940 10 WI 890 0.74 1.23 1.44 0.79 0.89 0.69 0.69 0.96 1.05 0.65 January 1, 2002Feeder Supply Stocker Ratio(1,000 Head) . . . . . Stocker Ratio = Feeder Supply / Calf Crop U.S. Avg = 0.75
Regional Share of Feeder SuppliesOutside of Feedlots, Jan. 1 2002
450 Lb. Stocker Buy-Sell Seasonal Price Pattern – 300 Lbs Gain
450 Lb. Stocker Buy-Sell Seasonal Price Pattern – 200 Lbs Gain
(Steer – Heifer) $/cwt by weight 375 15.47 425 13.61 475 11.79 525 9.77 575 8.16 625 6.81 675 5.83 725 5.39 775 5.27 Heifer Price as % of Steer Price 375 84.6 425 85.5 475 86.5 525 88.2 575 88.8 625 90.1 675 92.1 725 93.6 775 93.9 Steer-Heifer Price RelationshipOKC, 1992-2001
Price Adjustment Factor (PAF) as % of Price up to 500 lbs 8.8 500-550 lbs 7.4 550-600 lbs 6.4 600-650 lbs 4.9 650-800 lbs 3.7 > 800 lbs 5.4 (PAF/100) x Price ($/cwt) = Price Adjustment ($/cwt) Example: Base weight = 450 lbs Base price = 105 $/cwt Actual weight = 480 lbs Price slide = (105*0.088)=9.24 Sale price: 105- (9.24* (480-450)/100) = 102.23 Working Price Slide
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