Stocker cattle turned out to grass this spring are finding plenty of green grass, says
Mark notes that the USDA’s latest reports on pasture and range conditions show 16 percent of
Regionally, Mark notes, some of the best pasture and range improvements relative to last year were in the Great Plains region, including
Pasture conditions also have improved considerably in the Southeast, with only about 5 percent rated poor to very poor. USDA reports conditions in Northeast and
Poorer-than-average conditions persist in the West and in
More grass should translate to better gains for many stocker cattle, but Mark notes that profits could be hard to come by. Current budgets for stockers on summer grass in
Five-weight steers lose even more in Mark’s budgets. With a purchase price of $122 per hundredweight, the breakeven price is nearly $111 per hundredweight -- about $6 per hundredweight and $45 per head higher than the expected sale price.
Based on these projections, Mark suggests that owners should pay close attention to the feeder-cattle market, and forward-contract prices for fall-delivery cattle if good selling opportunities emerge during the summer.
Read more information about stocker cattle profits.