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Empirical Analysis of Weaning and Pasture Rotation Frequency with Implications for Retained Ownership
Author(s) -
Popp Michael,
Coffey K.,
Coblentz W.,
Johnson Z.,
Scarbrough D.,
Humphry J.,
Smith T.,
Hubbell D.,
Turner J.
Publication year - 2007
Publication title -
agronomy journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.752
H-Index - 131
eISSN - 1435-0645
pISSN - 0002-1962
DOI - 10.2134/agronj2005.0346
Subject(s) - feedlot , weaning , pasture , grazing , zoology , cow calf , herd , price risk , beef cattle , biology , business , agronomy , finance , futures contract
The economic impact of rotation frequency (twice weekly vs. twice monthly until time of weaning) and time of weaning (early April vs. 56 d later) was examined for fall‐calving cows using a modified put and take grazing strategy implemented to maintain equal grazing pressure across production systems. Cow and/or calf death losses resulted in replacements with either bred cows or cow–calf pairs. While the analysis on heifer calves was limited to sale at time of weaning, steer calves were tracked through the feedlot stage to determine if the time of sale would alter production system recommendations. For the conditions presented in this study, cow–calf producers may be advised that (i) relative to late weaning, early weaned calves did not regain their weight disadvantage observed at time of weaning; (ii) more intensive pasture management (rotating twice weekly rather than twice monthly) was not worth the effort because partial return results for late‐weaned steer and heifer calves did not differ statistically by rotation frequency, regardless of sale time; (iii) partial returns were highest for steer calves retained through the finishing stage at the feedlot (regardless of production system) compared with sale at the time of weaning or at the time of placement in the feedlot; (iv) the range of returns or financial risk exposure increased with length of calf ownership. However, use of long‐term average prices excluded input price risk from the analysis and output price risk was only partially addressed.