Contact |
| Justin
Rhinehart |
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| Extension Beef
Cattle Specialist |
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| Box 9815, Mississippi
State, MS 39762 |
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| Office: 662-325-7465,
Fax: 662-325-8873 |
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| jrhinehart@ads.msstate.edu |
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| Mississippi Sample Reports |
| Sample Consignor Letter |
Sample Final Financial Report |
| Sample Final Data Report |
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Downloads |
MS
Farm to Feedlot Project Publication
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Mississippi
Farm to Feedlot Project Journal of Extension article Parish, J. A. and W. B. McKinley. 2005. Use of a cattle feeding profitability
prediction contest in beef extension programming. J. of Extension. 43:4IAW4.
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Year-Round
Marketing Opportunities |
| Mississippi
Farm to Feedlot calf shipments can be made any time of year. Once
a full truckload of calves is consigned, producers will be notified
and shipment and feedlot coordination arranged. Truckload lots of
calves can originate from multiple producers throughout Mississippi.
Once consignment forms are completed and returned to Farm to Feedlot
program coordinators, this information will be matched with consignment
information from other producers to achieve coordination of truckload
lots. |
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Multiple
Feeder Choices |
| The
Mississippi Farm to Feedlot Program gives producers flexibility in
matching calves to feedlots and value-based marketing systems. Current
feeder options include: |
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| Tri-County
Steer Carcass Futurity Cooperative (TCSCF) www.tcscf.com |
The
Mississippi Farm to Feedlot Program will be held in cooperation
with the Tri-County Steer Carcass Futurity Cooperative (TCSCF),
Lewis, Iowa. The TCSCF has been in existence for 23 years; it is
governed by a Board of Directors and managed by Iowa State University
Extension Livestock Specialist Darrell Busby and Perry Beedle III,
East Pottawattamie County Extension Education Director.
Calves will be fed by TCSCF Cooperative approved
individual farmer-feeders in Southwest Iowa. Depending upon the
number of entries, calves may be fed with more than one individual
feeder. The program will not require feed deposit upon delivery
nor carry the burden of feeding expenses. Instead the TCSCF Board
will purchase the calves for $5 each, thus giving the Board title
to animals and allowing them to borrow money to pay feed, veterinary,
yardage, risk management, and other expenses related to feeding
of the cattle. This year, the consignors will be assessed $8 per
calf for data collection, including carcass data.Animals will bear all expenses on an individual
basis. Trucking will be prorated on a weight basis; feed costs will
be calculated for each calf based on weight, rate of gain, and composition
of gain; veterinary expenses and medications will be charged to
the individual calf receiving treatment.Calves will be sold on a Grade and Yield basis and
will be the basis for determining individual animal value. Proceeds
to consignors will be calculated as individual animal value less
all related expenses including interest. Marketing decisions will
be made by a committee in consultation with feedlot management.
The Board has made arrangements with its lender
to advance $300/head on a minimum 10 head consignment. Two consignors
with 5 head consigned each would qualify for the cash advance if
the calves are to be marketed together. Advances must be requested
by the consignor. Consignors will pay the interest incurred. |
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Feedlots
Chosen by the Consignor
The Farm to Feedlot program will assist producers interested in learning
more about their cattle and cattle feeding at feedlots of their choosing.
Many producers may already have existing relationships with feedlots
other than TCSCF or marketing goals that make alternative feedlots
a desirable choice. Additionally, some producers may be interested
in tracking calf data on calves that are marketed directly to feedlots.
Contact the Mississippi State University Extension Service to discuss
alternative feedlot options and feeding and carcass data collection
opportunities. |
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Cash
Advance Options |
| When
possible, cash advance opportunities will be made available to interested
producers. The Tri-County Steer Carcass Futurity Cooperative currently
offers a $300 per head cash advance upon request on a minimum of 10
head. The 10 head minimum needed for cash advance eligibility can
come from two consignors with 5 head consigned each. |
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Rules
and Regulations |
For
all cattle shipped:
1. A one-load minimum (approximately 70 head) is needed to make a
shipment. Heifers are eligible for shipment. Mixed loads of steers
and heifers are acceptable.
2. A consignment fee of $30 per calf must accompany entry. Consignment
fees will be credited to consignor feeding costs. To plan delivery
and shipment, it is important that Farm to Feedlot program coordinators
receive a firm number of entries. Producers are not entered until
the entry form and deposit have been received in the Farm to Feedlot
program office!
3. Consignors will be notified of specific delivery dates and times
after entries arrive in the Farm to Feedlot program office.
4. Calves should weigh a minimum of 500 pounds at delivery.
5. Calves will be assembled at locations around the state once sufficient
consignments are received to assemble truckload lots. At delivery
to the Mississippi collection point(s), all calves will be individually
identified with program ear tags.
6. Final settlement will be made after all cattle in a pen have been
harvested. The final reports and checks will be mailed within one
week after final settlement has been received from the packing plant.
7. Risk management (corn purchases, contract sale of cattle, hedging)
decisions for Mississippi Farm to Feedlot consignments will be made
by the TCSCF risk management committee in consultation with Mississippi
State University Extension Livestock Economist, Dr. John Anderson.
Risk management decisions will apply to all Mississippi consignments
that declare agreement to participate in the risk management program.
Once a consignor chooses to participate in the risk management program
for a set of calves, that consignor is obligated to the results of
the risk management strategies implemented.
For
cattle sent to TCSCF feedlots:
1. All calves sent to TCSCF feedlots must be sold to TCSCF for $5
each. All ownership rights are thus conveyed to, and calves become
property of TCSCF. This allows the calves to be used as collateral
to borrow against to finance feeding expenses. This eliminates the
need for a feed deposit. Death will be a loss to TCSCF and the former
owner.
2. Calves will be fed a warm-up ration for 28 days. Calves will
be placed on approximately 80% concentrate ration as soon as possible.
3. Calves will be weighed individually at least 3 times: upon delivery,
time of re-implant and prior to harvest.
4. Calves within a pen will be harvested on at least 2 different
dates approximately 5 weeks apart, determined by the TCSCF Board.
5. TCSCF Board reserves the right to disqualify any animal at any
time if a problem arises with a calf entered in the program. Disqualified
animals will be sold, and expenses will be charged against that
animal.
6. All TCSCF Board decisions will be final.
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Health
Requirements |
The
following must be done at least 4 weeks prior to delivery:
1. Castrated and dehorned and healed
2. Dewormed
3. Vaccinated for:
* IBR, BVD, PI3, BRSV
* 7-Way Blackleg
* Pasteurella Bacterin Toxoid
4. Weaned and started on feed (5 lbs. per day). Do not implant calves
at weaning. The implant program will begin when calves are started
on feed. The pre-shipment health program is extremely important. Immunity
is established only if calves are vaccinated without added stress.
For added protection, the above series of vaccinations is given 30
to 60 days prior to weaning and repeated at weaning. |
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Marketing
and Risk Management |
Cattle
will be sold on a cash basis, forward contract, or on a value-based
grid basis. Marketing decisions wil be made by the Mississippi Farm
to Feedlot Risk Management Committee, headed by Dr.
John Anderson, in consultation with feedlots.
The Mississippi
Farm to Feedlot Risk Management Committee will implement price risk
management strategies that do one of the following:
1. Protect the
value of the cattle
2. Lock-in a profit of $50 per head based on a pen average
3. Limit losses to $50 per head based on a pen average
The implementation
of these strategies will depend on market conditions between the
time when the cattle are placed and when they are harvested.
Producers who
have at least one live cattle futures contract equivalent of cattle
(40,000 pounds of finished weight) can choose to develop and implement
their own risk management program. Producers choosing to do their
own risk management can use the brokerage services utilized by the
Tri-County Steer Carcass Futurity. They are also encouraged to consult
with one of the members of the Risk Management Committee regarding
their risk management plan.
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Performance
Information |
| Feeding
Data and Calculations |
Carcass
Data and Calculations |
| Beginning value |
Hot carcass weight |
| Beginning weight |
Dressing percentage |
| Ending weight |
Fat thickness |
| Feedlot average
daily gain |
Ribeye area |
| Estimated feed
consumption (pen basis) |
Marbling score |
| Feed cost |
USDA Yield Grade |
| Medicine cost |
USDA Quality
Grade |
| Disposition score |
Carcass value |
| Net profit or
loss from feeding |
Grid price details |
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Individual
producer recommendations are provided based on feeding and carcass
results including sire evaluation and comparison with benchmark
data.
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