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Mississippi Farm to Feedlot Program

Mississippi Farm to Feedlot Program

Mississippi Farm to Feedlot educational opportunities offered include:

  • Year-round marketing opportunities
  • Feeder calf tagging and marketing program coordination within Mississippi
  • Cash advance options
  • Risk management strategy education and implementation
  • Feeding performance and carcass data summaries and recommendations
  • Sire evaluation information
Contact
Brandi Karisch  
Extension Beef Cattle Specialist  
Box 9815, Mississippi State, MS 39762  
Office: 662-325-7465, Fax: 662-325-8873
bkarisch@ads.msstate.edu  
   
Mississippi Sample Reports
Sample Consignor Letter Sample Final Financial Report
Sample Final Data Report  
 
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.
   
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:
   
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.

   
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.
   
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.
   
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 Michael Riley. 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.

   
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.
 
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 Michael Riley, 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 averageThe 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.

 
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
 

Individual producer recommendations are provided based on feeding and carcass results including sire evaluation and comparison with benchmark data.