RANCHING Business
AERWAY
to 849-pound steer in the 12-state central plains region, or an average of a 750-pound steer. Typically, the heavier weight
BALE BEDS & PROCESSORS DEALERS FOR: TITAN WEST AERWAY DEWEZE
POWER POST DRIVER TITAN TRAILERS
CENTRAL CITY SCALES STAMPEDE
FOR-MOST LOADING CHUTES SCALES
MANUAL & HYDRAULIC SQUEEZE CHUTES
cattle carry more discounts than the lighter weight cattle. Heifers carry more discounts than steers. These are both important variables to understand in terms of calculat- ing basis for your own cattle. It is especially important to know that using the feeder cattle futures as a risk management tool for calves can be very diffi cult, especially cattle to be marketed during the winter and spring months when cattle are typically being purchased to go to grass. The volatile and unpredictable
PORTABLE & STATIONARY SYSTEMS
basis for calves should be fully un- derstood before attempting to use the feeder cattle futures as a means to manage risk or set a price on calves. Being informed can put at ease
some of the fear of volatility with which the industry deals. Produc- ers who know the importance of basis and what factors affect ba- sis levels are better equipped to make informed risk management decisions. There are resources to assist in
understanding basis, and CattleFax is a great resource for producer s to use. Editor’s note: CattleFax provides
the daily market report to users of The Cattleman NOW and The Cat- tleman Plus, our smartphone and tablet apps. The analysts at Cattle- Fax are also providing a monthly column to further educate members of Texas and Southwestern Cattle Raisers Association (TSCRA). Cattle- Fax offers TSCRA members a special price on CattleFax Select membership — a 2-year membership for $100, a 50 percent savings. Call 800-825-7525 for details.
46 The Cattleman February 2014
thecattlemanmagazine.com
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