futures contracts because they are much cheaper to use. All have their pros and cons, depending on the producer’s individual preference. “Not every product is for every person, but every


good risk manager knows the exact cost of production for a given set of cattle,” Childs says. “The cost of pro- duction is the yardstick against which you measure the effectiveness and value of the risk management tools.”


Home-raised calves Many of the factors discussed in this article are ap-


plicable to home-raised calves that are weaned and kept at home during a preconditioning period and beyond. Paying attention to the little things, with adequate infra- structure, good nutrition and low stress handling, will have a positive infl uence on the bottom line, he says. Knowing your break-even price for the calves’ end-


ing weight is equally important for the producer with home-raised stockers. Successful price risk management is only a shot in the dark without it, he says. “At the end of each day, I believe every cattle pro-


ducer’s goal should be to have contented cattle that lay down each night with their stomachs full, looking forward to another good day tomorrow ,” he says.


3199 Highway 6 in Clifton • 254-675-8657 Where True Price Discovery Can ONLY Be Found


June 10-14, 2015 Clifton, Texas


Go to website for sponsorship information. www.cliftonlivestock.com


tscra.org


LIVESTOCK MARKETING ASSOCIATION Annual Convention • Waco, Texas


May 2015 The Cattleman 55


v


SPECIAL SALE June 13, 2015 Accepting


Consignments


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